Helping hand needed for Veteran’s week

Last Saturday the Men’s Single Stableford was sponsored by Paul Flynn,Lloyd Kimber and Darren O’Brien and Sunday’s event was sponsored by SimonOakes.
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PLACINGS: Winner of the Paul Flynn, Darren O’Brien and Lloyd Kimber Trophies went to Daryl Whinam, and runner-up to Jim Glasheen.

Many thanks.

Next Saturday’s event will be the November monthly medal sponsored by KeithSimmons Engineering. Sunday’s medley will be sponsored by the Golden Glance Nursery and the Antz Pantz Cafe.

We are hopeful that with fine weather this week we will be able to play 17 holes next weekend.

If any member has a bit of free time we do have a bit of work to do on the course to get things in order for the Veteran’sweek of golf to start ontheNovember 14.

A call to 0428 335 303 will put you in touch with the greens staff and your helpwould appreciated.

October29Stableford -Paul Flynn, Darren O’Brien andLloyd KimberTrophies :-Stableford. First Daryl Whinam43 points, secondJames Glasheen 41 points, third Steve May40 points c/b, Colin Miller.

Young Detailing ServicesNTPs: SeventhSteve May, 17 Matt Williams.

Keith Simmons Engineering NTP: ThirdRon Thompson, nineCraig Taylor, 14 Peter Brodbeck. Pro Shop Twos Steve May(2), Stephen Hare,Bob Splithof,Pat Brodbeck,Max Gilbert,Alan Moore,Stuart Norton,Craig Taylor. Twoballs each. Pro Shop Twos Col Miller, Alan Moore, Mick Slater. threeBalls each.

October 23Hayley Anderson Mind Battle Ambrose.

First Chris Keevil, Robert Keevil, Chris Fraser, Alan Wilder. Nett 48. Second Ian Page, John Jones, G.O Nicolls, Ian Broderick.

Nett 50. Handicap Division. First G Le Strange, I Goodluck, P Brodbeck, B Stone.41 1/8 Nett Second P Norton, M Hanley, S Murphy, J Anderson42 3/4 Nett.

NTP G Murfitt, A Wilder, L Foley, N Rhodes. Straight Drive M Hanley (men’s) C Rhodes (Ladies).

October 26Medley Stableford – Pro’s Comp -First Darren O”Brien 42 points, second C/BLarry Markspoints, third Peter Ferguson 40points. Balls went down to36 points. Pro Shop Twos Comp Col Blizzard, Grant Harding, Geoff Walker, Wally Wilder, twoballs each

October 28: – Weekly 9 Hole Comp -First Col Miller 21 points, twoballs, second Andrew Miller, Brian Christie, Darren O’Brien 20 points,oneball each.

Please note that the midweek comp can be played on any midweek day.

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UK billionaire’sAACo stake grows to 38pc

Patient investment strategies by Joe Lewis’ private equity business Travistock during the past six years have delivered it a dominant ownership stake in historic cattle business, Australian Agricultural Company.
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While Australiahasbeenheld captivebythe potentialforeignownership of Australia’s largest landholder, S. Kidman and Company, quietly in the background a shrewd billionaire from Londonhastakena grip on the country’s second-largest landholder – the Australian Agricultural Company (AACo).

Joe Lewis, the owner of football team Tottenham Hotspur, is the ultimate owner of the AA Trust, whichhasjust converted 59 of 160 Convertible Notes into fully paid ordinary shares inAACo.

AACoowns 7 million hectares of land in Queensland and the Northern Territory, equating to about one per cent of Australia’s land mass.

It’s a big show of confidence in the company from Mr Lewis, whose total wealth is estimatedbyForbes at $7 billion.

He could havetakenthe cash, but instead hehastakenshares and built his stake further in the company to just under 38 per cent.

That 38pcis worth about $350 million, which is not far off the original $365 million bidbyGina Rinehart’s Hancock Prospecting and her Chinese co-investor, Shanghai CRED, for S. Kidman and Co.

AACoalsohasa much higher quality portfolio of cattle stations than Kidman.

Furthermore, the value ofAACo’s properties rose 15.8 per cent this year, while Kidman’s showed no movement in value in the fiscal 2016 period.

Mr Lewis, who is chairman of private equity group Tavistock, which he founded in 1975, is one of several billionaires to have shown a new interest in Australian agriculture.

Mining magnates Gina Rinehart and Andrew Forrest, along with retailing billionaires Brett Blundy and Gerry Harvey, have made significant agricultural investments in the past 12 to 18 months.

But Mr Lewis’ investment inAACostarted as far back as 2011 and nowhastwo Tavistock directors on the board.

The real genius deal was done in 2013, whenAACowas trying to raise capital to reduce its gearing from more than 40pcto less than 25pcas well as find funding for its new “vertically integrated strategy”, which included an abattoir in Darwin.

As part of the deal, he was issued 160 convertible notes, which were given a fixed share conversion price of $1.148.

That price was a significant discount toAACo’s net tangible assets per security of $1.90.

Furthermore, there was a separate $219 million non-renounceable entitlement offer priced at $1 ashare.

Mr Lewis, as an existing shareholder at the time, took up his full entitlement worth about $29.6 million.

He thenalsosub-underwrote the offer – that is, he would buy any of the new shares that existing shareholders did not take up.

In the past three years cattle prices have risen to record highs and rural property values have bounced back, whichhasgivenAACo’s share price a kick up to $1.74.

As such, Mr Lewishasfound that not onlyhashe increased his stake in the company butalsomade a handsome profit along the way – and all with very little public outcry.

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Immigration Minister Peter Dutton says new refugee ban will stop country hopping

A boat carrying asylum seekers is intercepted by a Customs vessel in 2011. Photo: James Brickwood Immigration Minister Peter Dutton announcing changes to refugee immigration laws with Malcolm Turnbull on Sunday. Photo: Michele Mossop
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Immigration Minister Peter Dutton says tough new immigration laws are designed to stop refugees from country hopping after being released from offshore detention camps.

On Sunday, the Turnbull government announced it would permanently ban asylum seekers who attempt to reach Australia by boat from ever entering the country, even if they are genuine refugees and seek to come as tourists or on business decades later.

Legislation will be introduced to Parliament in November, applying to all adults detained on Manus and Nauru and backdated to July 2013.

Mr Dutton said refugee and asylum-seeker advocates should stop advising detainees to refuse to move to third countries because the government would eventually cave in and bring them to Australia.

“What we don’t want is if someone is to go to a third country, that they apply for a tourist visa or some other way to circumvent what the government’s policy intent is by coming back to Australia from that third country,” Mr Dutton told ABC radio on Monday.

“We are not going to allow people smugglers to get back into business.”

“There are a lot of people who believe, regardless of what we say, that they will eventually come to Australia and there are many advocates who are messaging that each day to people on Manus and on Nauru.”

There is growing speculation the government is preparing a new third country deal to resettle detainees on Manus Island and Nauru. While Mr Dutton restated the government’s opposition to a previous deal negotiated between the Gillard government and New Zealand, he wouldn’t be drawn about possible fresh negotiations with New Zealand and even the United States.

The laws announced Sunday would prevent a refugee who was on Manus Island or Nauru and subsequently resettled in a country like New Zealand from being able to fly to Australia, where they could attempt to stay.

Unaccompanied children and those who were brought on boats by their parents would be exempt from the laws and some ministerial discretion would apply, Mr Dutton said. He also said the laws would not hit any legal hurdles.

“The legal advice is very clear from the international division of the Attorney-General’s department, it’s very clear from the Australian Government Solicitor. There are no constitutional issues here… and we are absolutely confident in terms of the constitutionality and that we meet our international obligations.”

Labor and crossbench senators are already coming under pressure from the Greens to reject the government’s plan.

Greens leader Richard Di Natale said on Monday the government was chasing a “mean, cruel agenda of One Nation”.

“I’m hopeful that if Labor shows a little bit of courage on this issue … there’s a real chance we’ll be able to strike this legislation down,” he said.

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In My Paddock: Gerard MatthewsOctober 2016

Brimpaen’s Gerard Matthews believes harvest will be a mixed bag this year.HOW 12 months can change one’s perspective.
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This time last year we were staring at bare paddocks, crops were struggling for moisture and we were offloading any livestock we could.

This year there’s bulk feed, clover like I’ve never seen it, crops that still have water lying in partsand selling sheep isn’t an issue at all.

With the wet winter brings the good and the bad.

There are weeds and disease growing in crops like I’ve never seen, due to the inability to spray and excessive moisture.

It might sound like I’m complaining but I’m not –we will benefit later from the wet season. Every year, good and bad, has its obstacles – you just have to take them as they come.

The biggest challenge of 2016 hasn’t been on the farm but in the hospital, with Dad being diagnosed with cancer early in the year.

He still has great prospects of a full recovery and with chemotherapy starting, he is in process of moving forward to beating the horrible disease. Having spent several weeks in Melbourne and months in Sydney receiving treatment and operations he has hopefully seen the worst of it.

Support from Mum has been his defining strength but also from the community of friends and family. This has also been the case for me.

With an added workload and responsibility I’ve received immense help and support to keep my head above water.

I appreciate all that’s been done and the continued support is remarkable.

It just goes to show that country people have resilience and selflessness that you don’t find anywhere else.

Dad will continue to fight to get back to doing the things he loves.

We have sold a few lots of lambs, which have averaged really well.

With lambs being sold less than six months of age in excess of $130, the crossbred lamb trade is definitely the most desirable program we have on the farm currently.

Shearing was challenging. With wet sheep, wet paddocks and rain it seemed nearly every day getting the sheep dry enoughwas about the story of this year.

But, in a year like this compromises were made to get the job done.

Crops are inconsistent this year. Canola has really struggled to cope with the wet and yield will be considerably down. Broad beans started out extremely well but then were hit hard by disease. They are regrouping now as the sun starts to shine.

Wheat is improving every day and is almost fully out in ear. While the oats are mixed, some parts have been waterlogged and struggled but where the oats are good they are unbelievable.

Harvest will be a mixed bag.

It looks like it will take us well into the new year, but definitely looks to be much, much better than last year.

Spray topping has been done with a few moments of insecurity in the tractor as wet spots were found and conquered.

We have a new apprentice kelpie on board.

In the short time he’s been around he has shown significant progress and potential as a great dog.

Tennis has started and Brimpaen’s two teams are both doing extremely well.

With an upgradeto thefifth court and a successful barbecue after our first home game, things look great.

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Flathead on the bite

WHAT A WOPPER: Mick Kovarik with a yellowbelly landed from his kayak while trolling lures in Somerset Dam.THEmain species caught in estuary waters this week are whiting and flathead.
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Both are sand dwelling species so targeting sandy patches or banks in rivers andcreeks – not rockyareas –has been the most productive.

There arestill a few chopper tailor moving through estuary waters so it is worth putting a floating pillie outor throwing slugs or minnow lures around. At the least have one rigged at the ready in case aschoolboils close by.

BIG NOBBIES: Lee Whiteside with quality snapper caught on squid off Cape Moreton.

There were a few early season mangrove jack caught from Jumpinpin over the past week, mostwere undersize but it’s a good sign for the warming months ahead.

A few bull sharks were caught again this week. Most have come from the upper reaches of rivers inthe deeper holes at daylight and dusk.

There are a few mud crabs around but numbers have dropped off compared witha few weeks ago.

In Moreton Bay school mackerel are in good numbers although mostfish caught havecome from the eastern side of the bay and there’s been a few grass sweetlip caught around island shallows before daylight by those using unweighted baits.

On the offshore scene we’re starting to see summer species dominate,including a few earlyseason mackerel caught on trolled lures around Hutchies and Cape Moreton as well as small marlin outwider.A tip would be to use live baits on reef areas and wrecks for a cobia, amberjackor kingfish.

It’s worth throwing a small livie at a wave rider buoy for a dolphinfish buttoo much traffic or spear fishermen will see them disappear.

Freshwater anglers using live shrimp are catching a lot of bass, lure anglers are doing it a bittougher. They need to find the schools and work them.

Trolling is producing more fish than it was a month ago, especially if you concentrate onrockypoints or follow the foreshores so your lure is occasionally bumping bottom.

Top impoundments this week were North Pine Damand Hinze. You’ll do a lot of looking in Wivenhoe beforefinding feeding fish.Somerset is the pick of the two Brisbane River catchment lakes.

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