DOCSLIB.ORG

Power from the People

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Power from the People Power from the People Inquiry into distributed generation Final Report July 2012 © State of Victoria 2012 This final report is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 (Cth), without prior written permission from the Victorian Competition and Efficiency Commission. ISBN 978-1-922045-14-0 (paperback) ISBN 978-1-922045-15-7 (PDF) Disclaimer The views expressed herein are those of the Victorian Competition and Efficiency Commission and do not purport to represent the position of the Victorian Government. The content of this final report is provided for information purposes only. Neither the Victorian Competition and Efficiency Commission nor the Victorian Government accepts any liability to any person for the information (or the use of such information) which is provided in this final report or incorporated into it by reference. The information in this final report is provided on the basis that all persons having access to this final report undertake responsibility for assessing the relevance and accuracy of its content. Victorian Competition and Efficiency Commission GPO Box 4379 MELBOURNE VICTORIA 3001 AUSTRALIA Telephone: (03) 9092 5800 Facsimile: (03) 9092 5845 Website: www.vcec.vic.gov.au An appropriate citation for this publication is: Victorian Competition and Efficiency Commission 2012, Power from the People: Inquiry into Distributed Generation, final report, July. About the Victorian Competition and Efficiency Commission The Victorian Competition and Efficiency Commission (VCEC), which is supported by a secretariat, provides the Victorian Government with independent advice on business regulation reform and opportunities for improving Victoria’s competitive position. VCEC has three core functions: • reviewing regulatory impact statements, measuring the administrative burden of regulation and business impact assessments of significant new legislation • undertaking inquiries referred to it by the Treasurer, and • operating Victoria’s Competitive Neutrality Unit. For more information on the Victorian Competition and Efficiency Commission, visit our website at: www.vcec.vic.gov.au Disclosure of interest The Commissioners have declared to the Victorian Government all personal interests that could have a bearing on current and future work. The Commissioners confirm their belief that they have no personal conflicts of interest in regard to this inquiry. 27 July 2012 Mr Kim Wells MP Treasurer of Victoria 1 Treasury Place MELBOURNE VIC 3002 Dear Treasurer VCEC Inquiry into Feed-in Tariff Arrangements and Barriers to Distributed Generation In accordance with the terms of reference received by the Commission on 13 January 2012, we have pleasure in submitting the Commission’s final report Power from the People. Yours sincerely Deborah Cope Dr Matthew Butlin Presiding Commissioner Chair Terms of reference Inquiry into Feed-in Tariff Arrangements and Barriers to Distributed Generation I, Kim Wells MP, Treasurer, pursuant to section 4 of the State Owned Enterprises (State Body – Victorian Competition and Efficiency Commission) Order (‘the Order’), in conjunction with Michael O’Brien MP, the Minister for Energy and Resources, hereby direct the Victorian Competition and Efficiency Commission (‘the Commission’) to conduct an inquiry into feed-in tariff arrangements and barriers to distributed generation. Background Victoria currently has in place a number of programs that are designed to reduce greenhouse gas emissions and facilitate an adjustment towards a low emissions economy. These programs include feed-in tariff schemes such as the standard feed-in tariff scheme for customers with installations up to 100kW capacity and the premium and transitional feed-in tariff schemes applying to eligible customers with solar inverter systems up to 5kW capacity. In the context of the implementation of a national carbon price, it is appropriate that the Commission undertakes a review of Victoria’s feed-in tariff schemes. Addressing any state and local regulatory or other barriers to the uptake of low emissions generation, including co-generation and tri-generation, is also important to ensure that any transition to low emissions generation occurs as smoothly and as cost-effectively as possible. Scope of the inquiry In this inquiry, the Commission is required to: (1) Assess the design, efficiency and effectiveness of feed-in tariff schemes, including market-based gross feed-in tariff schemes, in the context of a national carbon price. (2) Prove a recommendation as to whether existing feed-in tariff arrangements should be continued, phased-out or amended. Where phase-out of existing arrangements is proposed, the appraisal should give consideration to whether any transitional arrangements may be necessary. Any changes to existing arrangements would not be applied retrospectively. (3) Identify and State and/or local regulatory and other barriers to the development of a network of distributed renewable and low emission generation in Victoria, including co-generation and tri-generation. TERMS OF REFERENCE VII In conducting this inquiry, the Commission should have regard to: • recent reports by the Australian Energy Market Commission on planning and connection arrangements for distributed energy generation; • reviews currently being undertaken by the Victorian Government; and • relevant reports by Commonwealth forums and bodies such as the Productivity Commission. Inquiry Process In undertaking this inquiry, the Commission is to have regard to the objectives and operating principles of the Commission, as set out in section 3 of the Order. The Commission must also conduct the inquiry in accordance with section 4 of the Order. The Commission is to consult with key interest groups and affected parties, including representatives of end-use electricity consumers, and may hold public hearings. The Commission should also draw on the knowledge and expertise of relevant Victorian Government departments and agencies. The Commission is required to produce a draft report for public consultation, ahead of a final report to the Government within 6 months of receipt of this reference. KIM WELLS MP Treasurer Received: 13 January 2012 VIII POWER FROM THE PEOPLE: INQUIRY INTO DISTRIBUTED GEENRATION Contents Terms of reference VII Contents IX Abbreviations XIII Glossary XV Key Messages XIX Summary report XXI Recommendations XLI 1 Introduction 1 1.1 Background to the inquiry 1 1.1.1 What is distributed generation? 2 1.1.2 What are feed-in tariffs? 2 1.2 Context and why this inquiry is important 3 1.3 The Commission’s approach 4 1.4 Inquiry process 5 2 Distributed generation in Victoria 7 2.1 The Victorian electricity industry 7 2.1.1 Market for distributed energy 8 2.2 Regulation of distributed generation in Victoria 14 2.2.1 Regulation of the NEM 15 2.2.2 Delay of the NECF in Victoria 17 2.2.3 Connecting to the distribution network 19 2.2.4 Selling exported electricity 25 2.2.5 What do these arrangements mean for the inquiry? 29 2.3 Policies for distributed generation and renewable energy 35 2.3.1 Commonwealth policies 35 2.3.1 State policies 37 2.4 Future trends 38 2.4.1 Cost trends 38 2.4.2 Improved metering technology 41 2.5 Conclusions 42 3 Issues raised by participants 43 3.1 Introduction 43 3.1.1 Issues raised in response to the draft report 44 3.1.2 Connecting to the network 44 3.1.3 Selling electricity 51 4 Commission’s framework 57 4.1 Introduction 57 4.2 The value of distributed generation 58 4.2.1 Output value 58 4.2.2 Network value 62 4.3 Realising the value of distributed generation 64 4.3.1 Role of the market 64 4.4 Improving the efficiency of transactions 69 4.5 Equity considerations 70 4.6 Addressing terms of reference 71 5 Network value 72 5.1 Introduction 72 5.2 How material is network value? CONTENTS IX 5.3 Market power concerns 74 5.3.1 Better information 75 5.4 Network reinforcement costs 80 5.4.1 Information and transparency 80 5.4.2 Sharing costs 81 5.4.3 Who benefits from reinforcement 81 5.4.4 The Commission’s view 82 5.5 Regulatory incentives 83 5.6 Recovering network value 85 6 Connecting generators to the distribution network 87 6.1 Context 88 6.2 Benefits of medium-scale distributed generation 91 6.3 Barriers to medium-scale distributed generation 91 6.4 Right to connect and export 94 6.5 Process: cost, timelines and uncertainty 101 6.6 Cost savings from improved medium-scale connection process 110 7 Facilitating connection of household-scale distributed generation 111 7.1 Barriers to household-scale connection raised by stakeholders 112 7.1.1 Specific connection barriers 114 7.2 Timeliness of household-scale connection 117 7.2.1 Connection process timeframes mandated by regulation 118 7.2.2 Stakeholder feedback on the timeliness of connection 121 7.3 Why does the Victorian connection process work the way it does? 122 7.3.1 The Victorian electrical safety system 122 7.3.2 Rationale for a retail feed-in tariff contract 123 7.4 Opportunities for improvement raised by stakeholders 123 7.4.1 One connection process for all Victorian DNSPs 124 7.4.2 No requirement for connection approval by the DNSP 124 7.4.3 Removing the obligation that distributed generation customers enter into a separate FiT contract 125 7.4.4 Introducing meter contestability 126 7.4.5 Remove the retailer from the installation, connection and metering process 126 7.4.6 Online connection process 127 7.4.7 Improving information 128 7.5 The Commission’s view 129 7.5.1 Process improvement 1: remove retailer
Load more

Recommended publications
  • The Hon. Mr Tim Pallas, MP Treasurer of Victoria Level 4, 1 Treasury Place East Melbourne, VIC 3002
    8th April 2020 The Hon. Mr Tim Pallas, MP Treasurer of Victoria Level 4, 1 Treasury Place East Melbourne, VIC 3002 Dear Mr Pallas, COVID-19 crisis calls for the abolition of payroll tax We write to you on behalf of the National Electrical and Communications Association (NECA), the peak industry body for Australia’s electrical and communications contracting industry, which employs more than 165,000 workers and delivers an annual turnover in excess of $23 billion. NECA represents the best interests of over 5,200 electrical contracting businesses across all Australian States and Territories. NECA members make an integral contribution to Australia’s economy. Our members are essential from any defining aspect, including connecting hospitals, communities, schools, businesses and infrastructure across the country. From installing solar infrastructure and batteries for households, to connecting solar farms to managing the grid and undertaking millions of hours of electrical work on major infrastructure. The current COVID-19 crisis is having an unprecedent and detrimental effect upon the economy and employment in Victoria. An event which NECA acknowledges is out of the control of Government. However, certain things can be done to ensure the industry remains strong and well positioned post COVID-19. NECA and our members are keen to ensure that we work proactively with Government to restore the economic and employment levels in Victoria. In doing so, employment barriers such as payroll tax must be removed – a mechanism which is within the control of Government. NECA, as well as other industry bodies, are firmly of the view that any form of payroll tax is both counter-intuitive and counter-productive.
    [Show full text]
  • Ensuring Reliable Electricity Supply in Victoria to 2028: Suggested Policy Changes
    Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes Associate Professor Bruce Mountain and Dr Steven Percy November 2019 All material in this document, except as identified below, is licensed under the Creative Commons Attribution-Non- Commercial 4.0 International Licence. Material not licensed under the Creative Commons licence: • Victoria Energy Policy Centre logo • Victoria University logo • All photographs, graphics and figures. All content not licenced under the Creative Commons licence is all rights reserved. Permission must be sought from the copyright owner to use this material. Disclaimer: The Victoria Energy Policy Centre and Victoria University advise that the information contained in this publication comprises general statements based on scientific research. The reader is advised and needs to be aware that such information may be incomplete or unable to be used in any specific situation. No eliancer or actions must therefore be made on that information without seeking prior expert professional, scientific and technical advice. To the extent permitted by law, the Victoria Energy Policy Centre and Victoria University (including its employees and consultants) exclude all liability to any person for any consequences, including but not limited to all losses, damages, costs, expenses and any other compensation, arising directly or indirectly from using this publication (in part or in whole) and any information or material contained in it. Publisher: Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. ISBN: 978-1-86272-810-3 November 2019 Citation: Mountain, B. R., and Percy, S. (2019). Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes. Victoria Energy Policy Centre, Victoria University, Melbourne, Australia.
    [Show full text]
  • Legislative Assembly Fifty-Ninth Parliament First Session Friday, 4 September 2020
    PARLIAMENT OF VICTORIA PARLIAMENTARY DEBATES (HANSARD) LEGISLATIVE ASSEMBLY FIFTY-NINTH PARLIAMENT FIRST SESSION FRIDAY, 4 SEPTEMBER 2020 Internet: www.parliament.vic.gov.au/downloadhansard By authority of the Victorian Government Printer The Governor The Honourable LINDA DESSAU, AC The Lieutenant-Governor The Honourable KEN LAY, AO, APM The ministry Premier ........................................................ The Hon. DM Andrews, MP Deputy Premier, Minister for Education and Minister for Mental Health The Hon. JA Merlino, MP Minister for Regional Development, Minister for Agriculture and Minister for Resources The Hon. J Symes, MLC Minister for Transport Infrastructure and Minister for the Suburban Rail Loop ........................................................ The Hon. JM Allan, MP Minister for Training and Skills, and Minister for Higher Education .... The Hon. GA Tierney, MLC Treasurer, Minister for Economic Development and Minister for Industrial Relations ........................................... The Hon. TH Pallas, MP Minister for Public Transport and Minister for Roads and Road Safety .. The Hon. BA Carroll, MP Minister for Energy, Environment and Climate Change, and Minister for Solar Homes ................................................. The Hon. L D’Ambrosio, MP Minister for Child Protection and Minister for Disability, Ageing and Carers ....................................................... The Hon. LA Donnellan, MP Minister for Health, Minister for Ambulance Services and Minister for Equality ....................................................
    [Show full text]
  • Statement of Corporate Intent 2011/2012 for Parliamentary Tabling
    Statement of Corporate Intent 2011/2012 For Parliamentary tabling Prepared by the Directors and Management of CS Energy Ltd (ABN 54 078 848 745) for shareholding Ministers: Rachel Nolan MP Minister for Finance, Natural Resources and The Arts and Stephen Robertson MP Minister for Energy and Water Utilities This document contains highly confidential material relating to the business affairs of CS Energy Limited. The Right to Information Act 2009 only applies to CS Energy Limited in respect to its community services obligations. Any unauthorised disclosure of material contained in this statement may diminish the commercial value of that information and would have an adverse effect on the business, commercial and financial affairs of CS Energy Limited. Contents 1 Scope/policy position ................................................................................................ 2 1.1 Main undertakings.............................................................................................................................. 2 1.2 Corporate and operational objectives ............................................................................................. 3 1.3 Corporate and operational strategies .............................................................................................. 3 1.4 Corporate and operational performance outcomes ....................................................................... 4 1.5 Performance drivers .........................................................................................................................
    [Show full text]
  • Departmental Financial Statements for the Year Ended 30 June 1983
    Library: Departments of Premier & Cabinet Treasury & Finance GPO Box 4379 Melbourne Victoria 3001 DX 210759 Ph: 03 9651 5660 Fax: 03 9651 5659 Email: [email protected] Victoria Departmental Financial Statements for the year ended 30 June 1983 Presented by The Honourable R. A. Jolly M.P. Treasurer of Victoria for the information of Honourable Members VICTORIA DEPARTMENTAL FINANCIAL STATEMENTS for the Year ended 30 June 1983 Presented by THE Honourable R. A. JOLLY, M.P. Treasurer of Victoria for the information of Honourable Members Ordered by the Legislative Assembly to be printed MELBOURNE F D ATKINSON GOVERNMENT PRINTER 1983 A. 9 DEPARTMENTAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 1983 TABLE OF CONTENTS PAGE Foreword i Certification by the Director of Finance v Auditor General's Report vi Department of Agriculture . 1 Ministry for the Arts 25 Office of the Auditor-General 37 Department of Community Welfare Services 41 Ministry for Conservation 57 Ministry of Consumer Affairs 71 Department of Crown Lands and Survey 77 Ministry for Economic Development 89 Education Department 101 Ministry of Employment and Training 119 Ethnic Affairs Commission 127 Forests Commission Victoria 135 Health Commission of Victoria 145 Ministry of Housing 171 Ministry of Industrial Affairs 179 Department of Labour and Industry 183 Law Department 193 Local Government Department 209 Department of Management and Budget 221 Department of Minerals and Energy 255 Parliament of Victoria 265 Department of Planning 271 Ministry for Police and Emergency Services 279 Department of the Premier and Cabinet 293 Department of Property and Services 311 Public Works Department .
    [Show full text]
  • In the Public Interest
    In the Public Interest 150 years of the Victorian Auditor-General’s Office Peter Yule Copyright Victorian Auditor-General’s Office First published 2002 This book is copyright. Apart from any use permitted under the Copyright Act, no part may be reproduced, stored in a retrieval system or transmitted by any means or process whatsoever without prior written permission. ISBN 0 7311 5984 5 Front endpaper: Audit Office staff, 1907. Back endpaper: Audit Office staff, 2001. iii Foreword he year 2001 assumed much significance for the Victorian Auditor-General’s Office as Tit marked the 150th anniversary of the appointment in July 1851 of the first Victorian Auditor-General, Charles Hotson Ebden. In commemoration of this major occasion, we decided to commission a history of the 150 years of the Office and appointed Dr Peter Yule, to carry out this task. The product of the work of Peter Yule is a highly informative account of the Office over the 150 year period. Peter has skilfully analysed the personalities and key events that have characterised the functioning of the Office and indeed much of the Victorian public sector over the years. His book will be fascinating reading to anyone interested in the development of public accountability in this State and of the forces of change that have progressively impacted on the powers and responsibilities of Auditors-General. Peter Yule was ably assisted by Geoff Burrows (Associate Professor in Accounting, University of Melbourne) who, together with Graham Hamilton (former Deputy Auditor- General), provided quality external advice during the course of the project.
    [Show full text]
  • Capital Program 2020 Update Copyright Disclaimer This Publication Is Protected by the Copyright Act 1968
    Capital Program 2020 update Copyright Disclaimer This publication is protected by the Copyright Act 1968. While every care has been taken in preparing this publication, to the extent permitted by law, the State of Queensland accepts Licence no responsibility and disclaims all liability (including without limitation, liability in negligence) for all expenses, losses This work, except as identified below, is (including direct and indirect loss), damages and costs incurred licensed by Queensland Treasury under a as a result of decisions or actions taken as a result of any data, Creative Commons Attribution-No Derivative information, statement or advice, expressed or implied, contained Works (CC BY-ND) 4.0 Australia licence. To view a copy of this within. To the best of our knowledge, the content was correct at the licence, visit: http://creativecommons.org.au/ time of publishing. You are free to copy and communicate this publication, Copies of this publication are available on our website at as long as you attribute it as follows: www.treasury.qld.gov.au and further copies are available © State of Queensland, Queensland Treasury, August 2020 upon request to: Third party material that is not licensed under a Creative Commons Queensland Treasury licence is referenced within this publication. All content not PO Box 15009, City East, QLD 4000 licensed under a Creative Commons licence is all rights reserved. Please contact Queensland Treasury / the copyright owner if you Phone: 13 QGOV (13 7468) wish to use this material. Email: [email protected] Web: www.treasury.qld.gov.au The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds.
    [Show full text]
  • 2021 Full-Year Result
    12 August 2021 Results Highlights and Business Update Financial Overview 1 Graeme Hunt, Managing Director and Chief 4 Damien Nicks, Chief Financial Officer Executive Officer Customer Markets Outlook 2 Christine Corbett, Chief Customer Officer 5 Graeme Hunt, Managing Director and Chief Executive Officer Integrated Energy Q&A 3 Markus Brokhof, Chief Operating Officer 6 • Market/operating headwinds as forecast: wholesale electricity prices and margin pressures in gas impacted earnings RESULTS • Underlying EBITDA down 18% to $1,666 million; Underlying NPAT down 34% to $537 million SUMMARY • Final ordinary dividend of 34 cents per share (fully underwritten), total dividend for the 2021 year of 75 cents, including special dividend of 10 cents • Strong customer growth: Customer services grew by 254k with continued organic growth and Click acquisition STRATEGY • Key acquisitions announced in FY21: Click, Epho, Solgen, Tilt (via PowAR) and OVO Energy Australia EXECUTION • 850 MW battery development pipeline progressing well, with FID reached on a 250 MW, grid-scale battery at Torrens Island • Shareholders granted the opportunity to vote on climate reporting at Accel Energy’s and AGL Australia’s first AGMs • Guidance for EBITDA of $1,200 to $1,400 million, subject to ongoing uncertainty, trading conditions OUTLOOK AND • Guidance for Underlying Profit after tax of $220 to $340 million, subject to ongoing uncertainty, trading conditions FY22 GUIDANCE • Operating headwinds continue into FY22: Roll off of hedging established at higher prices and non-recurrence
    [Show full text]
  • CS Energy Welcomes Callide Mine Sale Announcement
    Monday, 31 October 2016 CS Energy welcomes Callide Mine sale announcement CS Energy welcomes the announcement that Anglo American’s sale of the Callide Mine to Batchfire Resources was completed today. CS Energy’s Callide Power Station is the major customer of the Callide Mine as it is the sole, economic source of coal for the power station. CS Energy Chief Executive Officer Martin Moore said Batchfire’s acquisition of the mine provides ongoing stability and certainty for the operations at the Callide Power Station. “The Callide Power Station is an important asset in CS Energy’s portfolio and a key part of the Queensland electricity supply chain,” Mr Moore said. “Maintaining a reliable supply of coal is essential for the ongoing operations of the power station. “CS Energy has negotiated with Batchfire amended terms to the current Coal Supply Agreements (CSAs) for the supply of coal to the Callide Power Station,” he said. Mr Moore said that the announcement provides increased certainty for the Callide Power Station’s employees and the local Biloela community. CS Energy owns and operates the Callide B Power Station, and has a 50 percent interest in the Callide C Power Station. ENDS Media enquiries CS Energy Media Line 07 3854 7399 About CS Energy CS Energy is a Queensland energy company that has more than 400 employees, operates three power stations and has a trading portfolio of 4,035 megawatts. CS Energy operates the 1,510 megawatt Callide Power Station near Biloela in Central Queensland, the 750 megawatt coal-fired Kogan Creek Power Station, near Chinchilla in South West Queensland and the 500 megawatt pumped storage hydroelectric Wivenhoe Power Station, near Esk in South East Queensland.
    [Show full text]
  • 2009 Yearbook, Which Coincides with LV’S Experiencebank 30 20Th Anniversary
    Leadership Victoria Yearbook 2009 Our Mission Leadership Victoria LEADERSHIP VICTORIA IS AN INNOVATIVE, INDEPENDENT, NOT-FOR-PROFIT ORGANISATION DEVELOPING PEOPLE WHO EXERCISE POSITIVE AND ENDURING LEADERSHIP IN AND FOR THE REAL WORLD. Yearbook 2009 Table of Contents Message from the Chairman 6 Message fron the Executive DIrector 8 A Letter to Hugh Williamson 10 Williamson Community Leadership Program 14 WCLP – 2009 Fellows 16 WCLP and the Victorian Bushfire Reconstruction and Recovery Authority 26 Welcome to the Leadership Victoria (LV) WCLP – 2009 Guest Speakers 28 2009 Yearbook, which coincides with LV’s ExperienceBank 30 20th Anniversary. ExperienceBank — 2009 Guest Speakers 37 This publication serves to recognise individuals Praise for ExperienceBank 38 graduating from our Williamson Community SkillsBank 41 Leadership and ExperienceBank programs. Praise for SkillsBank 42 It also highlights some of the achievements Organisations supported by LV 44 made through LV’s community engagement LV Alumni 46 programs: ExperienceBank and SkillsBank. LV Council Members 2009 60 These formal programs help meet the needs LV Alumni Representitive Group of community organisations by matching skilled Convenor’s Report 2009 63 LV Alumni to specific projects, and enabling LV Staff 64 our Alumni to enhance the wellbeing and Our Sponsors 66 development of the broader community. Thank You 67 We warmly welcome the current graduates of the Williamson Community Leadership Program and the 2008 ExperienceBank programs as Alumni of LV. 5 Message from the Chairman Garry Ringwood I am pleased to congratulate and welcome our 2009 is the 20th Anniversary of Leadership Victoria 2009 Alumni — this year’s Williamson Community and while that is significant, this year also marks the Leadership Fellows and ExperienceBank Associates.
    [Show full text]
  • State Trustees Limited Fact Sheet ‐ 2014
    State Trustees Limited Fact Sheet ‐ 2014 About State Trustees State Trustees is the Public Trustee for Victoria, Australia. Our organisation has been serving the Victorian community for 75 years administering deceased estates and managing the financial and legal affairs of people who are unable to do so due to disability, mental illness or other circumstance. State Trustees was a Victorian Government department until it become a state‐owned company in 1994; State Trustees operates as a commercialised entity generating the bulk of its income from trusts and deceased estate administration. Our corporate head office has been based in Melbourne’s central business district; however to get closer to our clients we are relocating to the inner western suburb of Footscray in mid‐2014. We also opened a ‘Service Centre’ located in the south‐eastern Melbourne suburb of Dandenong four years ago and a regional office two years ago in the City of Greater Bendigo. Our Purpose ‐ To help Victorians with their financial needs so they can make the most of their opportunities. Our Vision ‐ To be relevant, accessible and valued in the hearts and minds of Victorians. Our Values Wholehearted – committed, caring and united Acting as one business with a clear purpose, ensuring our clients’ interests and those of the broader Victorian community are at the heart of everything we do. Understanding – empathetic and compassionate Understanding client needs and demonstrating this by delivering empathy and compassion into every relationship. Commercial – professional, expert and client driven Recognising that we operate in a commercial world. Being client focused, delivering expert and professional advice in all areas of the business, ensuring sustainable profitability and growth.
    [Show full text]
  • June Newsletter
    The Navy League of Australia – Victoria Division Incorporating Tasmania NEWSLETTER June 2014 Volume2 No:6 NAVAL HISTORY “The maintenance of the The Month of June is indeed a significant month in terms of Australian Navy . maritime well-being of the History, as the following reveals. nation” LOSS OF USS FRANK E. EVANS FORTY FOUR YEARS AGO. is rd the Forty five years ago on 3 June 1969, the U.S. destroyer “Frank E. principal Evans was sliced in two in a collision with the Australian Aircraft objective Carrier HMAS Melbourne in the South China Sea. of The collision resulted in the death of 74 American sailors. the Fifty eight years ago your newsletter editor, accepted an invitation Navy League for a tour of inspection of the “Frank E. Evans” when the ship, as a of Australia representative of the U.S. visited Melbourne for the 1956 Olympic Games. USS Frank E. Evans DD754 was an Allen M. Sumner Class Destroyer and was known by her motto as “The Fighter”. At the time of the ships visit to Melbourne “Frank E. Evans”, was under the command of Cmdr. J.N. Behan Jnr., U.S.N., who advised that he and his crew were part of a “Can do outfit”. The Evans had a standard displacement of 2200 tons, an overall Patron: length of 377 feet and a beam of 41 feet. Her main armament Governor of Victoria consisted of six five inch and six three inch guns plus anti-submarine weapons including five 21 inch torpedo tubes. Her wartime crew totalled 350 and her speed was 34 knots.
    [Show full text]