Corporate History

2010
Landmark Financial Services lending and deposit books acquired by ANZ

2008
Wheat Marketing Act 1989 repealed on 30 June

On 3 September shareholders approved amendments to the previous constitution. The effect of the amendments was that the A class shares (which could only be held by wheat growers and had the right to elect a majority of the directors) were immediately redeemed

On 22 October 2008, shareholders approved the adoption of a new constitution

2003
AWB acquired Landmark from Wesfarmers Limited on 29 August

August 2001
AWB Limited was publicly floated with B Class shares listed on the Australian Securities Exchange.

July 1999
The Wheat Industry Fund was transferred to AWB Limited and B Class shares were issued to the holders of units in that fund. A Class Shares were issued to persons who met the definition of “growers” in AWB Limited’s constitution.

June 1998
Assets and liabilities of the statutory authority (other than the Wheat Industry Fund) were transferred to AWB Limited and AWB (International) Limited, then wholly owned subsidiaries of the statutory authority.

1997
In April, the government announced its broad agreement to the new dual-class share structure, called the "Grower Corporate Model" for the Australian Wheat Board

1992
The Australian government, with bipartisan support, decided to cease the Government guarantees on borrowings, and therefore an alternative structure was required to finance borrowings. Four years later the then Minister for Primary Industries and Energy, John Anderson, indicated that the statutory arrangements could not continue and growers would be responsible for their own financing from July 1999.

1989
The Australian government established the Wheat Industry Fund, imposing compulsory levies on wheat sales. This fund was held and managed by the Australian Wheat Board and by July 1999 was approximately $600 million.

1939
The Australian Wheat Board was established as a statutory authority by Wheat Acquisition Regulations contained in the National Security Act 1939. It continued in existence as a government controlled marketing authority under successive legislation.

1915
During World War 1, an Australian wheat pooling scheme was created to assist wheat growers. This pool was administered by an Australian wheat board, comprising the prime minister and a minister from each of the wheat growing states. In 1921 the wheat board ceased to operate, as it was always intended that the pooling scheme would end after the war.

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2010	Landmark Financial Services lending and deposit books acquired by ANZ
2008	Wheat Marketing Act 1989 repealed on 30 June On 3 September shareholders approved amendments to the previous constitution. The effect of the amendments was that the A class shares (which could only be held by wheat growers and had the right to elect a majority of the directors) were immediately redeemed On 22 October 2008, shareholders approved the adoption of a new constitution
2003	AWB acquired Landmark from Wesfarmers Limited on 29 August
August 2001	AWB Limited was publicly floated with B Class shares listed on the Australian Securities Exchange.
July 1999	The Wheat Industry Fund was transferred to AWB Limited and B Class shares were issued to the holders of units in that fund. A Class Shares were issued to persons who met the definition of “growers” in AWB Limited’s constitution.
June 1998	Assets and liabilities of the statutory authority (other than the Wheat Industry Fund) were transferred to AWB Limited and AWB (International) Limited, then wholly owned subsidiaries of the statutory authority.
1997	In April, the government announced its broad agreement to the new dual-class share structure, called the "Grower Corporate Model" for the Australian Wheat Board
1992	The Australian government, with bipartisan support, decided to cease the Government guarantees on borrowings, and therefore an alternative structure was required to finance borrowings. Four years later the then Minister for Primary Industries and Energy, John Anderson, indicated that the statutory arrangements could not continue and growers would be responsible for their own financing from July 1999.
1989	The Australian government established the Wheat Industry Fund, imposing compulsory levies on wheat sales. This fund was held and managed by the Australian Wheat Board and by July 1999 was approximately $600 million.
1939	The Australian Wheat Board was established as a statutory authority by Wheat Acquisition Regulations contained in the National Security Act 1939. It continued in existence as a government controlled marketing authority under successive legislation.
1915	During World War 1, an Australian wheat pooling scheme was created to assist wheat growers. This pool was administered by an Australian wheat board, comprising the prime minister and a minister from each of the wheat growing states. In 1921 the wheat board ceased to operate, as it was always intended that the pooling scheme would end after the war.