Tasmanian Business Reporter April 2019

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10 Tasmanian Business Reporter - APRIL 2019 FOCUS ON BUSINESS A special place for business and community to meet New role for majestic manor SITTING majestically alongside the banks of the South Esk River on the outskirts of Perth Village, Eskleigh Estate is familiar to many Tasmanians. The Italianate mansion and surrounding English-style gardens have had many lives in their almost 200- year history, and this month marks a new era for the grand old lady of the Northern Midlands. For the first time, businesses and community groups can hire rooms within the historic house for meetings and events. “Eskleigh Estate is one of the premier historic properties in the Northern Midlands,” Eskleigh Foundation CEO Dale Luttrell said. “We want to let as many businesses and community groups as possible experience what it’s like to meet and work in such a grand and beautiful building.” Visitors can choose from five private rooms, all located in the main residence, capable of accommodating small groups up to 30 people. Each room is magnificently decorated in the style of a grand old country home featuring intricate paint work, marble fireplaces, high ceilings and large windows with views to the surrounding gardens and countryside. Businesses and community groups can hire rooms in the grand old mansion for meetings and events. The rooms are named after significant pieces of Eskleigh history or are reflective of their location on the property with each having its own unique character. Guests can choose from either three ground floor rooms or two first floor rooms with access via the grand wood carved staircase or lift. Each room is equipped with audiovisual equipment, wireless internet, video conferencing and whiteboards ensuring everything needed for a successful meeting or event is available. Flexible table and seating configuration caters to individual needs and can be pre-booked in advance, allowing rooms to be setup in the most suitable way possible for an event. Larger groups can take advantage of multiple room bookings and activities can extend to the beautiful terrace and veranda area surrounding the front of the property, making Eskleigh Estate perfect for larger community events, product launches and corporate gatherings. The extensive English-style gardens surrounding the main house make this property exceptional and are available for guests to use, providing unlimited options to make meetings and events a truly unforgettable experience. Launceston city and Launceston Airport are only minutes away, but looking to the surrounding gardens and countryside visitors could be a million miles away, making it the perfect location for corporate retreats and off-sites. On-site catering facilities are available and can be tailored for small and large groups and for specific events. Eskleigh Estate’s location between Hobart and Launceston makes it convenient for both Northern and Southern Tasmanian visitors with easy access and free onsite parking. Eskleigh Estate is part of Eskleigh Foundation, a leading supplier of disability support services in Tasmania. Every dollar spent at Eskleigh Estate goes directly to growing and supporting the services provided by Eskleigh Foundation “When you choose Eskleigh Estate you’re not only choosing a first-class meeting and events facility, but you’re also helping Eskleigh Foundation continue its vital support of Tasmanians living with a disability,” Mr Luttrell said. “Be one of the first to experience the grandeur and old-world charm of this beautiful property.” What: Eskleigh Estate – Function and Events centre Where: 16087 Midland Highway, on the outskirts of Perth Village Bookings: www.eskleighestate. com.au or phone (03) 6398 7100. The perfect location for your next event. est. 1947 Eskleigh Estate function and events centre Eskleigh Historic house and gardens. The perfect location for your next corporate event. For the first time ever, Eskleigh House & Gardens are available for corporate and event hire. Eskleigh Estate is the perfect backdrop for corporate and community events, meetings, and team off-sites. Choose from five private rooms all located in the main residence capable of accommodating groups up to 30 people, each equipped with audiovisual equipment, wireless internet, video conferencing, and whiteboards. Larger groups can take advantage of multiple room bookings and activities can extend to the extensive English-style gardens surrounding the property. On-site catering facilities are available and can be tailored for specific events. Located between Hobart and Launceston makes it convenient for both Northern and Southern Tasmanian visitors with easy access and free on-site parking. est. 1947 Eskleigh Estate function and events centre Book now at eskleighestate.com.au or phone (03) 6398 7100 Located just outside Perth Village at 16087 Midland Highway 10 minutes from Launceston Airport • 20 minutes outside Launceston • 2 hours from Hobart @eskleighestate eskleighestate Eskleigh Estate is part of Eskleigh Foundation, a leading supplier of disability support services to people living with disabilities in Tasmania. Every dollar spent at Eskleigh Estate goes directly to growing and supporting the services provided by Eskleigh Foundation. Help Eskleigh Foundation help others Donate • Bequeath • Volunteer
Tasmanian Business Reporter - APRIL 2019 11 FOCUS ON BUSINESS Direction post commission LOUSIE PETSCHLER, GAICD, General Manager of Advocacy, AICD The final report has underscored the complex environment in which directors operate A LOT has already been written about the final report of the banking royal commission. It is now time to look ahead to the steps government, regulators, financial services entities, directors, senior executives and stakeholder groups can take to mitigate the risk of misconduct recurring in the future. In Commissioner Ken Hayne’s words, “culture, governance and remuneration march together”. The final report has underscored the complex environment in which directors operate. Acting in the best interests of a corporation demands more than a focus on short-term profit and shareholder returns. It is a more complicated task than choosing between the interests of customers and shareholders. We will see new regulation in the financial services industry with the extension of the Banking Executive Accountability Regime to all APRA-regulated industries and the co-administration of the regime between ASIC and APRA, as well as revised APRA prudential standards and guidance with a focus on the linkages between remuneration and non-financial risks. ASIC and APRA will be subject to greater levels of oversight by a new, independent body. Important reforms will be made in the superannuation sector, which also came under scrutiny by the Productivity Commission. In its recently released report on Superannuation: Assessing Efficiency and Competitiveness, the Productivity Commission acknowledged that high-quality governance is integral to a super system where members rely on others to make decisions on their behalf. This year has also seen the release of another important and wide-ranging inquiry, the Australian Law Reform Commis- sion’s report Integrity, Fairness and Efficiency: An Inquiry into Class Action Proceedings and Third-Party Litigation Funders. Significantly, the ALRC has recommended the federal government should commission a review of the legal and economic impact of the operation, enforcement and effects of continuous disclosure obligations contained in the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth). AICD strongly supports continuous disclosure obligations as a vital component of robust disclosure and governance practices to deliver market integrity and investor confidence. However, we have significant concerns about the unintended consequences that have arisen as a result of the current regime. A review would present an important and timely opportunity to consider whether Australia’s continuous disclosure laws and its interaction with the class actions regime are operating as intended. In yet more news on reforms that will impact corporate Australia, Treasury is considering increasing the final reporting thresholds for proprietary companies. Proprietary companies that meet the thresholds are required to prepare and lodge an audited financial report, a director’s report and an auditor’s report to the regulator each financial year. Treasury has proposed that the existing thresholds be doubled to revenue of $50 million, assets of $25m and companies with 100 or more employees (by satisfying two of these criteria, an entity meets the reporting and audit requirement). If passed by parliament, the proposed application date for the new thresholds will be 1 July 2019. In response to member feedback, AICD has advocated they be increased for some time. OUR MEMBERSHIP OPENS DOORS Join more than 43,000 experienced directors and senior leaders by becoming a member of the Australian Institute of Company Directors. Membership provides you with exclusive access to our Business Centre and Member Lounges in Sydney, Melbourne, Canberra, Adelaide, Perth and Hobart CBDs, member-only events and a range of governance tools and resources. Take the next step in your career t: 1300 739 101 w: companydirectors.com.au/SWT 06460-26_18
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Tasmanian Business Reporter April 2019

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