Special Honours 2009
The Special Honours List 2009 was announced in August 2009 as a result of the reinstatement of the appellation of "Sir" and "Dame" to the New Zealand Royal Honours System by passing Special Regulation 2009/90 "Additional Statutes of The New Zealand Order of Merit", a binding regulation with the force of law in New Zealand. The recipients are displayed as they were styled before the redesignation and arranged in the order of publication in the New Zealand Gazette; the Queen has been pleased to make the following redesignations in the New Zealand Order of Merit: The following Principal Companions are redesignated Knights Grand Companion of the said Order: His Excellency The Hon. Anand Satyanand – governor-general of New Zealand. Professor Paul Terence Callaghan – of Wellington. Emeritus Professor Lloyd George Geering – of Wellington. Sir Patrick Ledger Goodman – of Motueka. Professor Ralph Heberley Ngatata Love – of Porirua; the undermentioned Distinguished Companions to be redesignated Dames Companion of the said Order.
Miss Heather Begg of Sydney, Australia. Emeritus Prof. Judith Mary Caroline Binney of Auckland. Dr Vera Doreen Blumhardt of Wellington. Prof. Margaret Clark of Wellington. Mrs Christine McKelvie Cole Catley of North Shore. Mrs Lynley Stuart Dodd of Tauranga. Dr Mary Josephine Drayton of Tauranga. Mrs Jocelyn Barbara Fish of Hamilton. Mrs Patricia Mary Harrison of Dunedin. Mrs Grace Shellie Hollander of Christchurch. Prof. Linda Jane Holloway of Dunedin. Mrs Margaret Mary Millard of Palmerston North. Mrs Deirdre Glenna Milne of Auckland. Mrs Lois Joan Muir of Dunedin. Dr Claudia Josepha Orange of Wellington. Mrs Alison Burns Quentin-Baxter of Wellington. Mrs Alison Mary Roxburgh CBE of Nelson; the Hon. Margaret Kerslake Shields of Pukerua Bay; the Rt Hon. Jennifer Mary Shipley of Auckland. Dr Margaret June Sparrow of Wellington. Mrs Sukhinder Kaur Turner of Wanaka. Mrs Robin Adair White of Masterton. Ms Gillian Karawe Whitehead of Alexandra; the undermentioned Distinguished Companions to be redesignated Knights Companion of the said Order.
The Hon. Noel Crossley Anderson of Waitakere. Prof. Donald Ward Beaven of Christchurch; the Rt Hon. Peter Blanchard of Wellington. Judge David James Carruthers of Paraparamu. Mr Russell Coutts of Valencia, Spain; the Hon. Edward Taihakurei Junior Durie of Lower Hutt. Mr Eion Sinclair Edgar of Queenstown. Air Marshal Bruce Reid Ferguson of Wellington. Mr George Vjeceslav Fistonich of Auckland. Dr Alan Russell Frampton of Auckland. Lt-Col Harawira Tiri Gardiner of Wellington. Mr David Rendel Kingston Gascoigne of Wellington; the Rt Hon. Thomas Munro Gault of Auckland. Prof. Peter David Gluckman of Auckland. Mr John Packard Goulter of Paihia; the Hon. John William Hansen of Rangiora; the Rt Hon. John Steele Henry of Auckland. Prof. Vaughan Frederick Randal Jones of Piedmont, United States of America; the Hon. Douglas Lorimer Kidd of Wellington. Mr Patrick Desmond Mahony of Wellington. Mr Peter Charles Maire of North Shore. Prof. Alan Francis Mark of Dunedin. Emeritus Prof. Arthur Harold Marshall of Auckland. Dr David Charles Mauger of Auckland.
The Hon. John Joseph McGrath of Wellington. Dr Sidney Moko Mead of Wellington. Mr Colin Earl Meads of Te Kuiti. Mr Ralph Norris of Sydney, New South Wales, Australia. Mr Noel Stuart Robinson of Auckland. Mr Peter Graham Siddell of Auckland. Prof. David Christopher Graham Skegg of Dunedin. Mr Bruce Houlton Slane of Auckland. Dr Peter George Snell of Dallas, United States of America. Mr Kenneth Allen Stevens of Auckland. Mr Archie John Te Atawhai Taiaroa of Taumarunui. Mr Tumu Te Heuheu of Taupo; the Rt Hon. Edmund Walter Thomas of Auckland. Mr Stephen Robert Tindall of North Shore; the Rt Hon. Andrew Patrick Charles Tipping of Wellington. Mr Peter John Trapski of Tauranga. Mr Henry William van der Hayden of Putaruru. Mr John Wells of Auckland. Mr Tennant Edward Wilson of Lower Hutt; the Hon. William Gillow Gibbes Austen Young of Christchurch; the undermentioned spouses of Principal and Distinguished Companions of the Order to be granted the use of the courtesy title of "Lady". Mrs Olive Doreen Hutchins of Queenstown Mrs Elaine Ivy James of Hamilton Mrs Doris Parekohe Vercoe of Rotorua
New Zealand Order of Merit
The New Zealand Order of Merit is an order of merit in New Zealand's honours system. It was established by royal warrant on 30 May 1996 by Elizabeth II, Queen of New Zealand, "for those persons who in any field of endeavour, have rendered meritorious service to the Crown and nation or who have become distinguished by their eminence, contributions or other merits", to recognise outstanding service to the Crown and people of New Zealand in a civil or military capacity. In the order of precedence, the New Zealand Order of Merit ranks after the Order of New Zealand. Prior to 1996 New Zealanders received appointments to various British orders, such as the Order of the Bath, the Order of St Michael and St George, the Order of the British Empire, the Order of the Companions of Honour, as well as the distinction of Knight Bachelor; the change came about after the Prime Minister's Honours Advisory Committee was created "to consider and present options and suggestions on the structure of a New Zealand Royal Honours System in New Zealand, designed to recognise meritorious service and bravery and long service".
The monarch of New Zealand is the Sovereign of the order and the Governor-General is its Chancellor. Appointments are made at five levels: Knight or Dame Grand Companion Knight or Dame Companion Companion Officer Member; the number of Knights and Dames Grand Companion is limited to 30 living people. Additionally, new appointments are limited to 15 Knights or Dames Companion, 40 Companions, 80 Officers and 140 Members per year; as well as the five levels, there are three different types of membership. Ordinary membership is limited to citizens of a Commonwealth realm. "Additional" members, appointed on special occasions, are not counted in the numerical limits. People who are not citizens of a Commonwealth realm are given "Honorary" membership. There is a Secretary and Registrar and a Herald of the Order; the Collar, worn only by the Sovereign and Chancellor, comprises "links of the central medallion of the badge" and "S"-shaped Koru, with the Coat of Arms of New Zealand in centre. Hanging from the Coat of Arms is the badge of the Order.
The Star is an eight-pointed star with each arm bearing a representation of a fern frond, with the Order's badge superimposed in the centre. Grand Companions wear Knight Companions wear a silver star; the Badge for the three highest classes is a gold and white enamel cross with curved edges bearing at its centre the coat of arms of New Zealand within a green enamel ring bearing the motto For Merit Tohu Hiranga, topped by a royal crown. The badge for Officers and Members in silver-gilt and silver respectively. Grand Companions wear the badge on a sash over the right shoulder. Officers and Members wear the badge from a bow on the left shoulder; the ribbon and sash are plain red ochre. Knight/Dames Grand Companion and Knight/Dames Companion are entitled to use the style Sir for males and Dame for females; the order's statutes grant heraldic privileges to members of the first and second level, who are entitled to have the Order's circlet surrounding their shield. Grand Companions are entitled to heraldic supporters.
The Chancellor is entitled to supporters and a representation of the Collar of the Order around his/her shield. Sovereign: The Queen Chancellor and Principal Dame Grand Companion: The Governor-General Knights and Dames Grand Companion:Officials:Two positions, were created in the Statutes of the Order with all appointments published in the New Zealand Gazette. Secretary and Registrar: Michael L. C. Webster Herald: Philip O'Shea From 2000 to 2009, the two highest levels of the Order were Principal Companion and Distinguished Companion, without the appellation of "Sir" or "Dame"; the following contains the names of the small number of members of the grades Principal Companion and Distinguished Companion who chose not to convert their appointment to a Knight or Dame Grand Companion, or Knight or Dame Companion, thus not to accept the respective appellation of "Sir" or "Dame". The majority of those affected chose the aforereferenced appellations. A change to non-titular honours was a recommendation contained within the original report of the 1995 honours committee which prompted the creation of the New Zealand Order of Merit.
Titular honours were incorporated into the new system before its implementation in 1996 after the National Party caucus and public debate were split as to whether titles should be retained. There has long been debate in New Zealand regarding the appropriateness of titles; some feel it is no longer appropriate as New Zealand has not been a colony since 1907, to these people titles are out of step with present-day New Zealand. Others feel that titles carry both domestic and international recognition, that awarded on the basis of merit they remain an appropriate recognition of excellence. In April 2000 the new Labour Prime Minister, Helen Clark, announced that knighthoods and damehoods had been abolished and the order's statutes amended. From 2000 to 2009
ASB Bank stylised as ASB, is a bank owned by Commonwealth Bank of Australia, operating in New Zealand. It provides a range of financial services including retail and rural banking, funds management, as well as insurance through its Sovereign Limited subsidiary, investment and securities services through its ASB Group Investments and ASB Securities divisions. ASB operates BankDirect, a branchless banking service that provides service via phone, Internet, EFTPOS and ATMs only. ASB was established in 1847 as the Auckland Savings Bank; the first meeting was held in the store of Campbell and Brown, was attended by John Logan Campbell, Dr John Johnson, Rev Thomas Buddle, John Jermyn Symonds, John MacDougall, David Graham, Robert Appleyard Fitzgerald, Thomas Forsaith, John Israel Montefiore, James Dilworth, Alexander Kennedy, William Smellie Graham. During the 1980s the association of savings banks amalgamated the local savings banks throughout New Zealand with ASB at their head, adopted the name, ASB Trust Bank.
In 1986, ASB withdrew from the Trust Bank and in 1987 became a full-fledged commercial bank under the name, ASB Bank. In 1988, the Government passed the Trustee Banks Restructuring Act, which enabled ASB to become a public company. In 1989, the owner of the bank, ASB Community Trust, sold 75% of the shares to Commonwealth Bank. In 1994, ASB purchased and amalgamated Westland Bank, another former savings bank, located on the South Island's west coast, which enabled it to operate on a national basis. In 1999, ASB Group acquired Sovereign Limited, a life insurance company, the retail stockbroking and fixed income operations of Warburg Dillon Read. In 2000, Commonwealth Bank bought the remaining 25% of ASB's shares from the Trust. In 2005 the bank changed the ASB Bank brand to ASB to reflect the more integrated financial services provider that it had become. ASB has a reputation for innovation and embracing new technologies; the bank has won numerous awards including NetGuide Award for best financial services site in 2006 and 2007, TUANZ Innovation Award for Financial Service in 2001, 2002, 2003 and 2005, Canstar's inaugural annual'Best Online Banking Award' in 2012.
ASB launched pago in November 2006, an electronic payment service that allows anyone with a New Zealand bank account to send cleared funds via mobile phone or the internet to another person or participating retailer in real-time. The technology has not succeeded in the way ASB hoped, with little use and no significant updates since 2010. ASB Securities, launched in 1999, remains the largest online broker in New Zealand in terms of trading volume and active customers The bank has found significant success by being the first to introduce innovative services and features to the New Zealand market. ASB was the first bank in New Zealand to offer: internet banking branches open seven days a week online share trading on both the Australian and New Zealand share-markets banking via mobile phones the ability for customers to stop receiving their paper statements banking via PDAs and browser-based mobile banking automatic rounding of transactions where the difference is put into a savings account Facebook friend payments via ASB Mobile iOS, Android and Windows Phone apps a dedicated real estate app for iOS ASB has become known for using well-known characters in its advertising.
The bank had a series of successful, award-winning commercials with the Ira Goldstein character, a bumbling American banker sent to New Zealand to find out "what makes that bank different". The ads were popular over an 11-year period. However, the campaign ended in 2010. In October 2011 the bank introduced the Experience ASB campaign with new advertising agency Droga5; the campaign featured voice overs by English actor Dame Judi Dench and allowed potential customers to "test drive" the bank before joining. In July 2012 ASB left Droga5 for Saatchi. In February 2013 ASB launched a new advertising campaign featuring Brian Blessed playing a fictionalised version of himself encouraging New Zealanders to be proud of their achievements whether big or small; the bank supports the ASB Community Trust, formed in 1988 with an endowment from the sale of ASB to Australia's Commonwealth Bank. The Trust has distributed more than $745 million since 1988 giving grants to the arts, recreation, heritage and social services areas, as well as funding capital projects in local communities around New Zealand.
ASB is the corporate sponsor for a number of high-profile New Zealand organisations and events such as: Coastguard New Zealand St John New Zealand Starship Foundation New Zealand Football - including the ASB Premiership, ASB Chatham Cup, ASB National Woman's League, ASB Woman's Knockout Cup and the ASB National Youth League. Tennis - including the ASB Classic, Auckland Tennis, Canterbury Tennis and Tennis South Canterbury. ASB Gardens Magic - A series of summer concerts held in Wellington. ASB Classical Sparks - An annual concert in Christchurch's Hagley Park which attracts an audience of over 120,000. ASB Polyfest - A four-day event in Auckland featuring over 9,000 student performers celebrating the culture of the Pacific and attracting an audience of over 90,000; the bank is a major sponsor of several event venues in New Zealand: ASB Showgrounds ASB Stadium ASB Tennis Centre ASB Stand and ASB Lounge at Eden Park Founding sponsor of North Harbour Stadium ASB Foyer at the TelstraClear Pacific Events Centre ASB Theatre at Aotea Centre ASB Atr
Air New Zealand
Air New Zealand Limited is the flag carrier airline of New Zealand. Based in Auckland, the airline operates scheduled passenger flights to 20 domestic and 31 international destinations in 19 countries around the Pacific Rim and the United Kingdom; the airline has been a member of the Star Alliance since 1999. Air New Zealand originated in 1940 as Tasman Empire Airways Limited, a company operating trans-Tasman flights between New Zealand and Australia. TEAL became wholly owned by the New Zealand government in 1965, whereupon it was renamed Air New Zealand; the airline served international routes until 1978, when the government merged it and the domestic New Zealand National Airways Corporation into a single airline under the Air New Zealand name. Air New Zealand was privatised in 1989, but returned to majority government ownership in 2001 after near bankruptcy due to a failed tie up with Australian carrier Ansett Australia. In the 2017 financial year to June, Air New Zealand carried 15.95 million passengers.
Air New Zealand's route network focuses on Australasia and the South Pacific, with long-haul services to eastern Asia, the Americas and the United Kingdom. It was the last airline to circumnavigate the world with flights to Heathrow via both Los Angeles and via Hong Kong; the latter ended in March 2013 when Air New Zealand stopped Hong Kong – London flights, in favour of a codeshare agreement with Cathay Pacific. The airline's main hub is Auckland Airport, located near Mangere in the southern part of the Auckland urban area. Air New Zealand is headquartered in a building called "The Hub", located 20 km from Auckland Airport, in Auckland's Wynyard Quarter. Air New Zealand operates a fleet of Airbus A320, Airbus A320neo family, Boeing 777 and Boeing 787 aircraft. Air New Zealand's regional subsidiaries, Air Nelson and Mount Cook Airline, operate additional domestic services using turboprop aircraft. Air New Zealand was awarded Airline of the Year in 2010 and 2012 by the Air Transport World Global Airline Awards.
In 2014, Air New Zealand was ranked the safest airline in the world by JACDEC. Air New Zealand began as TEAL in 1940. Following World War II, TEAL operated weekly flights from Auckland to Sydney, added Wellington and Fiji to its routings; the New Zealand and Australian governments purchased 50% stakes in TEAL in 1953, the airline ended flying boat operations in favour of land-based turboprop airliners by 1960. In 1965, TEAL became Air New Zealand—the New Zealand government having purchased Australia's 50% stake in the carrier. With the increased range of the Douglas DC-8s the airline's first jet aircraft, Air New Zealand began transpacific services to the United States and Asia with Los Angeles and Honolulu added as destinations in 1965; the airline further acquired wide-body McDonnell Douglas DC-10 airliners in 1973. The DC-10s introduced the new koru-inspired logo for the airline. In 1978, the domestic airline National Airways Corporation and its subsidiary Safe Air were merged into Air New Zealand to form a single national airline, further expanding the carrier's operations.
As a result, NAC's Boeing 737 and Fokker F27 aircraft joined Air New Zealand's fleet alongside its DC-8 and DC-10 airliners. The merger resulted in the airline having two IATA airline designators: TE from Air New Zealand and NZ from NAC. TE continued to be used for international flights and NZ for domestic flights until 1990, when international flights assumed the NZ code. In 1981, Air New Zealand introduced its first Boeing 747 airliner, a year initiated service to London via Los Angeles; the five 747-200s owned by Air New Zealand were all named after ancestral Maori canoes. 1985 saw the introduction of Boeing 767-200ER airliners to fill the large size gap between the Boeing 737 and 747. In 1989 the airline was privatised with a sale to a consortium headed by Brierley Investments Ltd.. The New Zealand air transport market underwent deregulation in 1990, prompting Air New Zealand to acquire a 50% stake in Ansett Australia in 1995. In March 1999, Air New Zealand became a member of the Star Alliance.
From 1999 through 2000, Air New Zealand became embroiled in an ownership battle over Ansett with co-owner News Limited over a possible sale of the under-performing carrier to Singapore Airlines. In 2000, Air New Zealand announced that it had chosen instead to acquire the entirety of Ansett Australia for A$680 million from News Corporation Ltd. Business commentators believe this to have been a critical mistake, as Ansett's fleet, staffing levels and infrastructure far outweighed that of Air New Zealand. Subsequently, both carriers' profitability came under question, foreign offers to purchase the Air New Zealand Group were considered. In September 2001, plagued by costs it could not afford, the Air New Zealand / Ansett Group neared collapse. A failed attempt at purchasing Virgin Blue was the final straw, on 12 September, out of both time and cash, Air New Zealand placed Ansett Australia into voluntary administration, following which Ansett was forced to cease operations. Air New Zealand announced a NZ$1.425 billion operating loss.
In October 2001, Air New Zealand was re-nationalised under a New Zealand government NZ$885 million rescue plan, subsequently received new leadership. This act was the only thing that spared Air New Zealand from going into administration and grounding. In 2002, Air New Zealand reconfigured its domestic operations under a low-cost airlin
2006 New Year Honours (New Zealand)
The 2006 New Year Honours in New Zealand were appointments by Elizabeth II in her right as Queen of New Zealand, on the advice of the New Zealand government, to various orders and honours to reward and highlight good works by New Zealanders, to celebrate the passing of 2005 and the beginning of 2006. They were announced on 31 December 2005; the recipients of honours are displayed here. Professor Paul Terence Callaghan – of Wellington. For services to science. Emeritus Professor Judith Mary Caroline Binney – of Auckland. For services to historical research. David Rendel Kingston Gascoigne – of Wellington. For services to the arts and business. Ralph James Norris – of Sydney, Australia. For services to business; the Right Honourable Andrew Patrick Charles Tipping – of Wellington. For services as a judge of the Supreme Court and Court of Appeal of New Zealand. Professor Atholl John Anderson – of Picton. For services to anthropology and archaeology. Michael Shane Campbell – of Porirua City. For services to golf.
The Most Reverend Peter James Cullinane – of Palmerston North. For services to the community. Thomas George Goddard – of Wellington. For services to the Employment Court. Dr Ruth Elizabeth Harley – of Wellington. For services to the New Zealand film industry. Mabel June Hinekahukura Mariu – of Waitakere City. For services to Māori and the community. Jonathan Irving Mayson – of Mt Maunganui. For services to the shipping industry and to export. Jennifer Ann Morel – of Wellington. For services to business. Bruce Craig Munro – of North Shore City. For services to the wool industry and science innovation. Professor Edward David Penny – of Palmerston North. For services to science. Robert James Robinson – of Wellington Commissioner of Police. For services to the New Zealand Police. Melwyn Purefoy Smith – of Raumati Beach. For public services as an ombudsman. Associate Professor Clifford Tasman-Jones – of Auckland. For services to public health. Dr Christopher John Baker – of Feilding. For services to agriculture. Dr Robert Beaglehole – of Vesancy, France.
For services to medicine. Dr Ruth Bonita Beaglehole – of Vesancy, France. For services to medicine. Emeritus Professor Arthur Neil Bruere – of Palmerston North. For services to veterinary science. Bruce George Cameron – of North Shore City. For services to sport. Dr Roger David John Collins – of Dunedin. For services to art history. Dr Carrick Erskine Devine – of Hamilton. For services to meat science. Emeritus Professor Robin Fraser – of Christchurch. For services to medical research. Clive Andre Jermy – of Otago. For services to the deer industry. Stacey William Jones – of Auckland. For services to rugby league. Dr Anne Kolbe – of Auckland. For services to medicine. Dr Matthew Balmano Marshall – of Whangarei. For services to sports medicine. Alan Douglas Martin – of Wellington. For services to business. Dr Pamela Susan Melding – of North Shore City. For services to the psychiatry profession. Professor Anthony Christopher Bernard Molteno – of Dunedin. For services to ophthalmology and people with glaucoma. James Harray Richards – of North Shore City.
For services to publishing. Elspeth Somerville Sandys – of Stratford-upon-Avon, United Kingdom. For services to literature. Thomas Joseph Scott – of Wellington. For services as a writer and illustrator; the Reverend Harry Ivan Shaw – of Hamilton. For services to the Boys' Brigade of New Zealand and the community. Ellen Adrienne, Lady Stewart – of Christchurch. For services to the community. Professor Joyce Mary Waters – of Auckland. For services to chemistry. AdditionalLieutenant Colonel Philip John Morrison – The Corps of Royal New Zealand Engineers. Major Charmaine Puteruha Pene – Royal New Zealand Army Medical Corps. For Asian tsunami relief operations. Neil Carmichael Anderson – of Fairlie. For services to local-body affairs and the community. Emeritus Professor Josu Arrillaga – of Christchurch. For services to electrical engineering. Mohammed Daud Azimullah – of Auckland. For services to the Muslim community. Walter Francis Bayliss – of Te Puke. For services to the kiwifruit industry. Grant Richard Beck – of North Shore City.
For services to yachting and board sailing. Judith Lesley Berryman – of Wellington. For services to choral music. Barbara Whirimako Black – of North Shore City. For services to Māori music. Ian Bell Blair – of Otago. For services to ploughing. Kenneth John Bowen – of Palmerston North. For services to the environment. Gael Patricia Brooks – of Auckland. For services to child safety. Patrick Gerard Brosnan – of Lower Hutt. For services to local-body and community affairs. Raymond Wilton Burrell – of Wellington. For services to mountain safety. Roger George Carson – of North Shore City, superintendent of New Zealand Police. For services to the New Zealand Police. Gordon Dennis Chesterman – of Hamilton. For services to the community. Dr Grant Watson Christie – of Auckland. For services to astronomy. Beverley Janice Cooper – of Papakura. For services to roller skating. Matthew James Andrew Cooper – of Hamilton. For services to rugby and sports administration. Audrey Frances Cox – of Wanganui. For services to the community.
Emily Cecilia Drumm – of Auckland. For services to women's cricket. Dr Roderick Boyd Ellis-Pegler – of Auckland. For services to medicine. Helen Elizabeth Eskett – of Christchurch. For services to family planning. Joan Elizabeth Fea – of Hamilton. For services to the arts. Leslie Arthur Gilmore – of the West Coast. For services to the community. Jennifer Ann Hair – of Blenheim. For services to hockey. Judith Rangimarie Hawkin – of Hastings. For services to horticulture and the community. Patricia Rongomaitara Hayward – of Auckland. For services to film and television. Carole Hicks – of Porirua City. For services to archery. John David Jordan – of In
The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, the United States and the United Kingdom. It provides a variety of financial services including retail and institutional banking, funds management, insurance and broking services; the Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank, Commonwealth Securities and Commonwealth Insurance. Commonwealth Bank is the largest bank in the Southern Hemisphere. Founded in 1911 by the Australian government and privatised in 1996, the Commonwealth Bank is one of the "big four" Australian banks, with National Australia Bank, ANZ and Westpac; the bank listed on the Australian Stock Exchange in 1991. The former global headquarters of Commonwealth Bank were the Commonwealth Trading Bank Building on the corner of Pitt Street and Martin Place, refurbished from 2012 for retail and commercial uses, the State Savings Bank Building on Martin Place, sold in 2012 to Macquarie Bank.
The headquarters were moved to Tower 1, 201 Sussex Street and two new nine-storey buildings which were built at the site of the former Sega World Sydney, in Darling Harbour on the western side of Sydney's city centre. In a 2018, findings from the Royal Commission into Misconduct in the Banking and Financial Services Industry have indicated a negative culture within the Bank, amid allegations of fraud and money laundering, among various other crimes; the Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor Government, which favoured bank nationalisation, with effect on 22 December 1911. In a rare move for the time, the bank was to have general bank business; the bank was the first bank in Australia to receive a federal government guarantee. The bank's earliest and most strenuous proponent was the flamboyant American-Australian Labor politician, King O'Malley, its first Governor was Sir Denison Miller; the bank opened its first branch in Melbourne on 15 July 1912.
In an agreement with Australia Post that exists to this day, the bank traded through post office agencies. In 1912, it took over the State Savings Bank of Tasmania, by 1913 it had branches in all six states. In 1916, the bank moved its head office to Sydney, it followed the Australian army into New Guinea, where it opened a branch in Rabaul and agencies elsewhere. In 1920, the bank began acquiring central bank powers when it took over the responsibility for the issue of Australian bank notes from the Department of the Treasury. In 1920, the Commonwealth Bank took over the Queensland Government Savings Bank. In 1931, the New South Wales government transferred to the bank the savings bank business of the Government Savings Bank of New South Wales, the current account and fixed deposit business of the Rural Bank Department; the bank acquired the State Savings Bank of Western Australia. The bank's role in central banking expanded after 1920. In 1931, the bank board came into conflict with the Labor government of James Scullin.
The bank's chairman Robert Gibson refused to expand credit in response to the Great Depression, as had been proposed by Treasurer Edward Theodore, unless the government cut pensions, which Scullin refused to do. Conflict surrounding this issue led to the fall of the government, to demands from Labor for reform of the bank and more direct government control over monetary policy. In 1942, the Commonwealth Banking Corporation suspended its operations in Papua New Guinea as the Imperial Japanese Army captured many of the towns in which it operated, bombed Port Moresby; the bank resumed operations possibly in 1944. The bank had many branches across Papua New Guinea including Port Moresby, Rabaul, Wau, Goroka, Madang, Mount Hagen, Kundiawa and Wewak. On Bougainville there was Kieta, Panguna and early on a part-time sub-branch at Loloho, it maintained those facilities to support trade, local business and small savers. The Commonwealth Bank received all central bank powers in emergency legislation passed during World War II and at the end of the war it used this power to begin a dramatic expansion of the economy.
This was the aim of the government at the time, which attempted to compel the Australian states to conduct their banking with the Commonwealth under the Banking Act 1945, but the High Court in Melbourne Corporation v Commonwealth 74 CLR 31, blocked this move. The government dramatically expanded immigration programs. In response, the bank established a Migrant Information Service; the bank expanded during this period, in just five years it opened hundreds of branches throughout Australia and in 1951 it established a branch in the Solomon Islands. In 1958 and 1959, there was a controversy concerning the dual functions of the organisation, operating as the central bank on the one hand and a commercial bank on the other; as a result, the government separated the two roles, creating the Reserve Bank of Australia to exercise the central bank function, leaving the Commonwealth Banking Corporation to operate purely as a commercial bank. Those commercial functions were exercised by the organisation's constituent sections: the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, the newly-formed Commonwealth Development Bank.
From 1958 to 197
David Murray (Australian businessman)
David Victor Murray AO, an Australian businessman, was the inaugural Chairman of the Australian Government Future Fund Board of Guardians, serving between 2006 and 2012, Chair of the International Forum of Sovereign Wealth Funds. Prior to his appointment to the Future Fund, Murray was the Chief Executive Officer of the Commonwealth Bank between 1992 and 2005. In Murray’s 13 years as Chief Executive, the Commonwealth Bank transformed from a privatised bank with a market capitalisation of $6 billion in 1992 to a $49 billion integrated financial services company, generating in the process total shareholder returns at a compound annual growth rate of over 24 per cent, one of the highest total returns of any major bank in Australia. Murray holds a Bachelor of Business from the NSW Institute of Technology and a Master of Business Administration, commenced at Macquarie University and completed at the International Management Institute, Geneva, he holds an honorary PhD from Macquarie University and is a Fellow of the University of Technology, Sydney.
He is an old boy of Sydney. In 2007 Murray was appointed an Officer of the Order of Australia for service to the finance sector nationally and internationally through strategic leadership and policy development, to education fostering relations between educational institutions and business and industry, to the community as a supporter of and fundraiser for cultural and church organisations. In May 2018, Murray was appointed chairman of AMP Limited. Murray is an aggressive climate change denier and political saboteur to the benefit of Australia's mining sector, who has sought to derail public investment in renewables and moves towards carbon taxation.. Against a backdrop of severe 2013 bush fires, he slandered an Australian group of scientists who he said lacked any "integrity" after they attributed the disasters to increased carbon emissions; this prompted the Australian Meteorological and Oceanographic Society to publicly declare they were "disturbed" by his statements. As of 2019, Murray is chair of The Butterfly Foundation which claims to be a "charitable" organisation aimed at helping people with eating disorders.
The organisation appears within articles propagating the idea that vegan diets are an eating disorder. Murray is an Ambassador of the Australian Indigenous Education Foundation. Which claims to be a charitable organisation aimed at helping people most damaged and displaced by Australia's mining sector; this would be the same group who are endangered by the effects of climate change. The AIEF is partnered with various corporations including BHP which describes itself as "a world-leading resources company extracts and process minerals and gas"