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ALUMNI MATTERSfbe.unimelb.edu.au/alumni

Vol. 3 JULY 2013

Annual magazine for Business and Economics Alumni

Top alumni win awards Annual

Foundation dinnerUnderstanding the

Chinese property market

Social entrepreneurship unplugged

Pro-bono consultants students and alumni support NFP sector

Mentoring profiles

Centre for Asian Business and Economics

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fEATURES jULY 2013

03 Fatal flaws of the Gonski Report

18 Alumni postcards

04 Alumni of Distinction

22 Social Entrepreneurship unplugged

08 Chinese property market

26 Alumni mentoring

Published by the Faculty of Business and Economics at the University of Melbourne, Alumni Matters is a magazine for alumni of the Faculty of Business and Economics. It is published once a year and is available in print and electronic format. The Faculty also publishes four editions per year of eComm, an e-newsletter for alumni.

If you would like to receive eComm, please ensure that your email address is up-to-date. You can do this via the University’s online alumni portal: http:// alumni.online.unimelb.edu.au/mydetails

Cover image: Sally Macdonald (BCom 1990); photographed by Nick Clarkin

Sally Macdonald was announced one of our Alumni of Distinction earlier this year. Read about her award and career success on p4.

IN ThIS ISSUE02 Alumni Council update

03 Fatal flaws of the Gonski Report

04 Alumni of Distinction

06 Annual Melbourne Foundation Dinner

08 Chinese property market

10 Business and Economics newsflash

16 Student focus

18 Alumni postcards

20 Alumni profile: Dan Jackson

22 Social entrepreneurship

25 Vale: Jean Kerr

26 Alumni mentoring

28 First in the Family

30 Donor Roll of Honour

32 Upcoming events

Alumni Matters July 2013

Edited by Anthea BarryDesigned by Sophie Campbell, scdesign.com.auAuthorised by the Director, AdvancementISSN: 1839-0420Disclaimer: this information was correct at the time of printing. The University reserves the right to make changes as appropriate.

Alumni Relations, Advancement Unit

Faculty of Business and Economics Level 12, 198 Berkeley StreetUniversity of Melbourne VIC 3010T: +61 3 8344 3507 E: fbe-alumni@unimelb.edu.auF: +61 3 8344 2147 W: fbe.unimelb.edu.au/alumni

Twitter: @BusEcoNews

RenRen: www.renren.com/BusEcoMelbourne b

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LinkedIn:

Business and Economics Alumni University of Melbourne

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dEANS’ wELcoME

In April, we went to market offering all graduate business and economics programs of the University of Melbourne under the brand of Melbourne Business School. The successful Graduate Open Day on 20 April was followed by similar well-received sessions at the University’s Graduate Study Expo and the University of Melbourne’s Open House program in China – a strong message that we truly are an international precinct of Business and Economics education in Melbourne.

The value we place on our relationships with alumni – whether through the University, Faculty or Business School – remains unchanged. Over the coming months the alumni relations teams of both the Faculty and Melbourne Business School will be working closely together to ensure all alumni continue to access a broad and relevant alumni program, which will include increased offerings and networking opportunities within an extended global community.

Along with the University’s program of alumni benefits and services, this presents multiple opportunities that cater to a broad range of alumni needs including lifelong learning, professional development and career support, social reconnection and opportunities for being involved in and supporting the student experience, which many alumni find one of the most rewarding aspects of their ongoing association with the University. Details of upcoming events for alumni can be found on p32-33.

Dear Alumni

It is with great pleasure that we write to our readers of Alumni Matters for the first time as co-Deans of the Faculty of Business and Economics. Just two months into the collaborative agreement between the Faculty of Business and Economics and Melbourne Business School, the benefits of the collaboration are already clear across a number of areas.

Professor Zeger Degraeve Dean, Faculty of Business and Economics

Professor Paul Kofman Dean, Faculty of Business and Economics Sidney Myer Chair of Commerce

In order to achieve research, teaching and engagement goals, universities will increasingly have to seek alternative sources of funding, such as philanthropic support and investment.

In this climate, it is encouraging to note that private philanthropic support for the Australian higher education sector is growing. We would like to thank every one of our alumni who continue to support our goals in this way. Your donations ensure that we have the necessary resources and facilities to deliver world-class research, to provide unmatched thought leadership, and to support the next generation of brilliant minds.

ThE UNIvERSITY cELEbRATES 160 YEARSPhilanthropy is not new to the University. As we celebrate our 160th birthday this year, a special website dedicated to our history includes a section on philanthropy at the University, telling the stories of some of our most well-known philanthropists. You can visit the website at www.our-history.unimelb.edu.au. Events will be held throughout the year to commemorate this milestone, including a special Golden Alumni Celebration luncheon for our most senior alumni.

We hope that you enjoy this year’s edition of the alumni magazine. We look forward to your ongoing support in this exciting time ahead as we pursue our goal of attaining a position within the top 25 schools of business and economics in the world.

AckNowLEdgINg oUR MENToRSOver the past decade, the Faculty’s mentoring program has witnessed tremendous growth due to very strong alumni support. In addition to the original career mentoring program now in its 11th year, eighteen senior executives are mentoring our second-year Copland Scholars – high-achieving students who are recipients of a Chancellor’s scholarship. This year we are also running a pilot for international alumni mentors and planning is underway between the Business and Economics Alumni Council and the Careers Centre for an alumni-to-alumni mentoring program, so watch this space.

We want to sincerely thank all of our alumni mentors, who now number more than

120, and those alumni who participate as volunteers in numerous other ways.

With strong corporate support and a global network of generations of alumni (from graduate trainees to CEOs to politicians), we now have the opportunity to deliver even more exciting internship, career, mentoring and business case opportunities for our students, and collaborative research, policy inquiry and executive education opportunities for our academics.

fUNdINg cUTS To UNIvERSITIESOn a more sobering note, we echo the sentiments of Vice-Chancellor Glyn Davis and Universities Australia in their response to the announcement of funding cuts to universities across Australia amounting to $2.8 billion.

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The purpose of the Business and Economics Alumni Council is to support the Faculty’s mission by fostering a lifelong connection with its global alumni community. Over the past twelve months, in addition to an active program of events open to alumni such as the Faculty public lecture program, master class series and alumni-to-student mentoring, the Faculty piloted a successful series of cohort-year reunions, which we will build upon in 2013 – more on this below, so do read on!

The first term of the inaugural Council finished at the end of last year, resulting in a number of changes in membership. The Hon. Jim Short stepped down from his role as Co-Chair. Jim (and our other former Co-Chair Chris Leptos, who stepped down earlier in 2012) have been tireless advocates and supporters of the Faculty for many years. We look forward to their continued support, albeit in a more informal capacity.

I would also like to thank outgoing members Clare Cannon, Candida Costa-Wong, Dennis Lee and William Zhang and acknowledge their efforts, particularly on the work-streams.

Larisa Moran and Jessie Wong were appointed to the Council this year, with Simon Bolles, Aditya Chibber and Haofei Feng announced as our successful candidates in the Alumni Council elections held late last year. It was very encouraging to see nearly three times as many alumni vote in these elections as compared with

the first elections held when the Council was established in 2010. We rely on members of the alumni community to get involved and participate to make this a truly representative Council.

The Young Alumni sub-committee, which exists to support our very active young alumni cohort, has also welcomed several new members to its ranks. I’d like to acknowledge Stephanie Lin (Chair) and Aditya Chibber (Deputy Chair) for the dedication and hard work that they have invested in the young alumni program.

Most of the work of the Alumni Council happens within the work-streams, comprising 4 or 5 members tasked with tackling specific areas of alumni focus. Priorities for the current two-year term are reflected in the following work-streams:• Domestic Events• International Events• Alumni Connections and

Communications • Careers Support and Professional

Development• Alumni Giving and Volunteering• Alumni Recognition

Building on the success of last year’s cohort reunions, we’ve expanded in 2013 with three reunions being held this month and next for alumni who started their degree in the 1970s, 1980s and 1990s. The University’s 160th anniversary is being celebrated with a special Golden Alumni

luncheon in Wilson Hall in October for graduates of 50+ years ago, and there are big plans underway for a young alumni reunion event in the form of a Commerce Ball Reunion for graduates 35 years and under. Please refer to the events page at the end of this magazine for all the details.

If you haven’t received an invitation for your reunion it is most likely because the Faculty doesn’t have your email address – so I do encourage you to check and update details via the alumni portal, In Touch, at alumni.unimelb.edu.au, or keep in touch by joining our Facebook (facebook.com/BusEcoMelb) and LinkedIn groups (search for Business and Economics Alumni, University of Melbourne). This will keep you abreast of all the latest alumni events and news.

Finally, I’d like to congratulate Professor Paul Kofman and Professor Zeger Degraeve on the collaboration agreement reached by the Faculty of Business and Economics and Melbourne Business School. It builds upon the Faculty’s recent rankings as a leader in the Asia-Pacific region, and lays the foundation for an even stronger combined offering to future students of the Faculty, particularly at the post-graduate level. It’s a fitting example of the University motto in action – Postera Crescam Laude, “We grow in the esteem of future generations”.

Angus Barker (BCom Hons 1991) Chair, Business and Economics Alumni Council

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As Chair of the Business and Economics Alumni Council it gives me great pleasure to report on our activities over the past year and our plans for the twelve months ahead.

ALUMNI coUNcIL UpdATE

ALUMNI coUNcIL

Joyce Au-Yeung, Simon Bolles, Larisa Moran, Angus Barker (Chair), Michelle Di Fabio (Deputy Chair), Aditya Chibber and Stephanie Barr

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fIvE fATAL fLAwS of ThE goNSkI REpoRTAmidst the recent discussions of the Federal Government funding of the Gonski education reforms, researchers from the Melbourne Institute and Ben Gurion University in Israel recently released a policy brief which found that the Gonski Report rests on five faulty assumptions that will undermine its usefulness as a cornerstone of Australian education policy.

The study, What’s wrong with the Gonski Report: funding reform and student achievement, found the Gonski Report was “significantly flawed” due to its reliance on the relationship between student achievement and resources as well as assumptions about the Schooling Resource Standard (SRS), the centralisation of school systems, international test rankings and private school financing.

Researchers from the Melbourne Institute at the University of Melbourne and Ben Gurion University, Israel, compared the 2012 Gonski report with international research on education funding and structure.

Co-author of the research, Associate Professor Chris Ryan from the Melbourne Institute said while the Gonski Report declared that additional resources to schools would have a substantial impact on student achievement and improve their performance, additional resources provided to Australian schools in recent decades had not resulted in improved student performance.

“International academic research in economics and education suggests the effect of additional resources on standardised test scores is, at best, small,” he said.

Likewise, Associate Professor Ryan said the SRS used within the Gonski Report to determine the base funding level per student that all schools would receive was inherently flawed.

“The approach to determine the SRS did not consider the impact of student background on achievement, and as such can’t guarantee the student achievement targets will be met,” he said.

Other outcomes from the research include:• International evidence disputes the

notion that a more centralised education system will function more efficiently;

• Discussion over whether the standards and rankings favoured by the OECD are applicable to Australia;

• Debate on whether there can be an objective, professional basis for determining the appropriate level of public funding of private schools.

“The Gonski Report offers many valuable insights for school reform but considering it is being used to chart Australia’s future course on education, it is imperative that fundamental weaknesses within its assertions about funding are illustrated,” said Associate Professor Ryan.

What’s wrong with the Gonski Report: funding reform and student achievement is the second release in the 2013 Melbourne

Public education in Australia accounts for only 60 per cent of students in primary and secondary schools, much less that in the United States and most European countries.

Listen to Associate Professor Chris Ryan talk about the Five Fatal Flaws of the Gonski Report: http://tiny.cc/f7usyw

Institute Policy Briefs Series. The Policy Briefs Series examines current policy issues and provides an independent platform for public debate. The full study is available at melbourneinstitute.com/alumni/pbs2013.html.

fAcULTY RESEARch

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ALUMNI AwARdS

Recipients are announced annually at the Melbourne Foundation for Business and Econonics annual dinner, which was held in March this year in the magnificent Great Hall at the National Gallery of Victoria. This year’s four Alumni of Distinction were honoured at the dinner.

The Contribution to Faculty or University Award for significant and sustained contribution was awarded to Professor W. Max Corden AC (BCom Hons 1950 MCom 1953 DCom 1995).

Professor Corden, Honorary Professorial Fellow in the Faculty of Business and Economics, is widely regarded as the most important Australian international trade economist of his generation.

Recognised globally for his scholarship and development of international economics, his outstanding achievements and leadership in these fields have been undertaken in the UK, the US and Australia. He has lectured, published and been honoured around the globe.

After graduating from the University of Melbourne Professor Corden was awarded a PhD from the London School of Economics. His various distinguished positions include posts with the British National Institute for Economic and Social Research, the ANU, Nuffield College at Oxford, Harvard, the IMF and the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University.

Whilst at the ANU in 1982 he developed, with Peter Neary, the classic economic model describing the Dutch Disease. From 1982 to 1990 Professor Corden was a member of the Group of 30, a prestigious and influential international group of leading academics and senior business leaders.

The Faculty has established an annual lecture in Max’s name; each year a distinguished international economist is invited to deliver the Corden Lecture. For details of this year’s Corden Lecture please see the events listing at the end of this magazine.

The Lifetime Achievement Award for consistent, sustained and outstanding achievement and leadership in business, government, academia or the non-profit sector was awarded to Khun Mechai Viravaidya AO (BCom 1965 LLD 1993). Mechai Viravaidya has been credited with saving millions of lives through raising awareness of HIV/AIDS in Thailand.

In 1974 Khun Mechai founded the Population and Community Development Association (PDA) to address the unsustainable population growth rate in Thailand of over 3% annually. A variety of humorous, innovative, and unorthodox methods were utilised in conjunction with mobilising and educating a network of rural school teachers and village community members to make contraceptives available

Khun Mechai has held key positions of Thailand’s Cabinet spokesman, the Minister of the Office of the Prime Minister and Chairman of several of Thailand’s largest government-owned enterprises.

For his efforts in various development and educational endeavours, Mechai Viravaidya has been acclaimed with numerous awards, recognition, and honorary doctoral degrees. These include the United Nations Population Award, the Bill and Melinda Gates Award for Global Health, the Prince Mahidol Award for Public Health, the Ramon Magsaysay Award for Public Service, and the Skoll Award for Social Entrepreneurship. He was also named one of Asiaweek’s 20 Great Asians, and one of TIME Magazine’s Asian Heroes to mark the magazine’s 60th year of its publication in Asia.

For consistent, sustained and outstanding achievement and leadership in business, government, academia or the non-profit sector outside Australia, Sally Macdonald (BCom 1990) received this year’s International Award.

2013 ALUMNI of dISTINcTIoNThe Faculty of Business and Economics celebrates and honours the outstanding contribution by alumni to government, business, education and the not-for-profit sector through the prestigious Alumni of Distinction awards.

Mechai Viravaidya has been credited with saving millions of lives through raising awareness of HIV/AIDS in Thailand.

Dean Professor Paul Kofman announcing the 2013 Alumni of

Distinction at the Foundation dinner

The CEO and MD of Oroton Group Limited, Sally is recognised as a leader in the retail industry in Australia, driving change in retail and expanding an iconic Australian brand into Asia. Sally has held positions at The Boston Consulting Group in Melbourne and New York, and at Banana Republic (a division of The Gap) in San Francisco and received her MBA from Harvard.

throughout Thailand, resulting in a more sustainable population growth rate of 0.5% by 2003. When HIV/AIDS first appeared in Thailand in the mid-1980s, similar methods were used to launch a major prevention program, resulting in a 90% decline in new infections and an estimated 7.7 million lives saved within 12 years.

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Nominations for 2014 awards are sought from the alumni community and can be submitted online year-round. For details of award categories, eligibility criteria and how to nominate alumni for an award, please visit fbe.unimelb.edu.au/alumni/alumni_awards.

In less than four years, Anthony has built a unique company, like no other in existence, of a community of 70,000 data scientists globally. He has been named as one of Forbes’ 30 under 30 for 2011 and 2012 in technology, and by Fast Company as an innovative thinker changing the future of business.

The fourth and final award, the Rising Star Award for Young Alumni, is awarded to an individual under 35 years of age who has demonstrated an outstanding level of professional achievement and community involvement since graduating. This year’s recipient is Anthony Goldbloom (BCom Hons 2006).

Anthony is the founder and CEO of Kaggle and, at the age of 29, is considered a global leader and innovator in data science and predictive modelling.

Before founding Kaggle, Anthony worked in the macroeconomic modelling areas of the Reserve Bank of Australia and the Australian Treasury. A first class honours student in Economics and Econometrics, Anthony secured an internship with The Economist, where he was inspired to learn more about the issues facing companies about ‘big data’ and predictive modelling.

Currently based in San Francisco, Anthony founded Kaggle, an innovative solution for statistical analytics outsourcing and a leading platform for predictive modelling competitions, in Australia in 2009. Investors include PayPal co-founder Max Levchin, Index Ventures, Khosla Ventures, Google Chief Economist Hal Varian and Ron Conway’s SV Angel. Anthony is globally renowned as an innovator in the technology industry, changing the way companies think about solving ‘big data’ problems.

Sally is renowned for her leadership of the Oroton group, turning a $9.4 million loss into a $9.8 million profit in 2006. Within her first year of leadership, shares in the company had almost tripled. Generating unheard-of returns on equity in any sector, let alone the retail business, Sally achieved a remarkable turnaround to save an Australian icon, and was named as the number one CEO by Crikey in 2010 for having Top CEO values.

Sally has led Oroton’s expansion into the Asian market, taking an Australian luxury brand abroad. Since opening in Hong Kong, Oroton has also opened a boutique in Singapore, with a further three stores planned for Singapore and Kuala Lumpur, and is considering other sites in Southeast and North Asia as well. Entering Asia marks a game changer for Oroton as it goes in to compete with global brands such as Coach, Kate Spade and Marc by Marc Jacobs in the more developed Asian market.

Sally was a founding committee member of the Financial Management Association of Australia (FMAA) at the University of Melbourne.

Alumni of Distinction award recipients Charles Goode AC (2012) and Professor Max Corden AC (2013) speak to guests at the Foundation dinner

Anthony Goldbloom

Sally was named as the number one CEO by Crikey in 2010 for having Top CEO values.

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MELboURNE foUNdATIoN

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The stunning backdrop of the National Gallery of Victoria, an A-list star and a scholarship recipient working in non-compliance for the Tax Office, were all highlights of this year’s highly successful Melbourne Foundation for Business and Economics dinner.

ThIRd ANNUAL MELboURNE foUNdATIoN dINNERSEcURES EvENT AS kEY dATE IN bUSINESS cALENdAR

Business and Economics Board member Paula Dwyer gives a vote

of thanks to the Vice-Chancellor on behalf of the business community

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The Chairman of the Foundation Board, Mr Tony Burgess, welcomed guests and announced the Foundation’s philanthropic priorities for 2013: First in the Family Scholarships, supporting talented students who have experienced financial hardship and are the first in their family to attend university; the Dean’s Fund, enabling funds to fuel innovation for student-driven initiatives; and Access scholarships, to ensure broader access to attract the best and brightest students. These priorities directly correlate with the Faculty’s mission of enabling excellence, opportunity and innovation.

Dean of the Faculty, Professor Paul Kofman, gave an insightful update on the Faculty’s focus on the Asian Century and its strategy around engagement with Asia. The appointment of Professor Jane Lu to the James Riady Chair in Asian Business and Economics – donated by alumnus Dr James Riady – is a first step towards the establishment of a Faculty-wide Centre of Asian Business and Economics, which will address regional issues and create a nexus to collaborate with key researchers and policy makers in the region.

Professor Kofman also announced the 2013 Alumni of Distinction Awards. The Faculty of Business and Economics has over 40,000 alumni around the world who are making remarkable contributions in their chosen fields. This year’s recipients are Anthony Goldbloom (BCom Hons 2006) as the winner of the Rising Star award for Young Alumni, Sally MacDonald (BCom 1990) as the winner of the International award, and Khun Mechai Viravaidya (BCom 1965 LLD 1993) taking

out the Lifetime Achievement award. The winner of the Contribution to Faculty and University award went to Professor Max Corden (BCom Hons 1950, MCom 1953, DCom 1995) for his internationally recognised research and teaching. (See p4 for more detail on the Alumni of Distinction.)

The Faculty was fortunate to have University Vice-Chancellor Professor Glyn Davis deliver the key-note speech. Professor Davis provided a remarkable and personal insight into the University, its strategies and goals, and the ultimate success of the controversial Melbourne model.

The test of the model is the quality of the students who want to use it, the quality of the experience

we give them and the quality of the employment opportunities when they graduate.

Vice-Chancellor Professor Glyn Davis

“I think the University can be proud. We set out to be world class. We are now ranked in the top 30 universities in the world by the Times Higher Education of London. And there’s a large and growing gap between us and our nearest competitor.”

During the evening, the event practically came to a standstill when the ‘lady in red’, a.k.a. Jerry Hall, floated into the room. A guest on one of the sponsored tables, Ms Hall took a night off from her work in the Melbourne production of The Graduate to attend the dinner and proved to be quite the talking point!

Despite hearing from the Dean of the Faculty, the Vice-Chancellor of the University and having a celebrity in the room, it was second-year BCom student, Natalie Ngo, who really stole the show. Natalie, a recipient of the Commerce Opportunity Bursary, told her remarkable story of migrating to Australia from Vietnam in 2006, the challenges faced by a single income family in a new country, attending the Mac.Robertson Girls’ High School, and being awarded a scholarship made possible by philanthropy.

Natalie has utilised every opportunity made available by the Faculty and University, including representing Australia at the World Trade Organisation Public Forum in Geneva, participating in the Faculty’s mentoring program, organising networking events and holding the role of Financial Director for the Melbourne branch of the Asia-Pacific Youth Organization.

She was also offered a cadetship at the Australian Taxation Office where, she told guests, “for the duration of my degree, I get to work in an area called Serious Non-Compliance, where they prosecute taxpayers for failing to lodge income tax returns.” It was this statement that had the entire room laughing wholeheartedly and some a little nervously.

Natalie’s words resonated with guests and the evening raised more than $455,000 for the Melbourne Foundation for Business and Economics. The dinners have now raised more than $1.5 million for the Foundation since the inaugural event in 2011. This success is thanks to the leadership and tireless efforts of the Foundation board and the many guests who donate so generously to the Foundation to achieve the Faculty’s continuing mission.

The day I accepted the scholarship, I promised myself I would prove to the

Faculty, as well as donors, that they did not make the wrong decision.

Natalie Ngo

The annual Foundation dinner has become a significant date in the diaries of Melbourne’s most influential business men and women. This year 600 guests came together in the Grand Hall of the National Gallery of Victoria to support the Faculty of Business and Economics, recognise alumni who are shaping the world and see “philanthropy in action” through faculty scholarship recipients.

Alumni Yimo Duan, The Hon. Jim Short, Peter Yates AM (Chair, Business and Economics Board), Tony Burgess (Chair, Foundation Board) and Rodd Levy at the Foundation dinner

UNdERSTANdINg ThE chINESE pRopERTY MARkETMany commentators state that the Chinese property market is experiencing a huge bubble, the bursting of which could have far-reaching consequences. The Chinese government has taken various actions to reduce speculation in the property market, including monitoring capital flows from abroad, increasing interest rates and increasing the minimum down payment on mortgages.

Despite the above measures, prices continue to rise. In March, average house prices increased by 1 percent from the previous month and by April they had increased another 0.9 percent. These rises are blamed on various factors, including inefficient stock markets.

Alumni Matters spoke with Beijing-based alumna Cheng Jing to get her analysis on market performance in China.

The China reality is the same for any large country – one story cannot tell the whole tale. Instead, the property market can be divided into three different market types based on performance: primary leading markets, performing markets and stagnant markets.

In primary leading markets, seen in locations such as Beijing, Shanghai and Sanya, property prices still have the potential to rise further. Properties in these markets are well recognised as “rare resources” and their record of good performance has been proved again and again. Even in the global financial crisis, prices remained

steady with only the interest rate falling.

Demand and purchasing power in this segment is driven by the national and international market rather than by local demand, and the limited availability of land and property together with unlimited capital supply has, unsurprisingly, led to the rise in property prices.

Urbanisation is an ongoing motivation for real estate market performance. Primary leading markets own unparalleled advantages in areas like education, employment and medical care. Each year tens of thousands of graduates leave school, move to the

big cities, find jobs, get married, start families – and their parents often come from their hometown to stay with them.

Good employment and business opportunities, access to resources and the increasingly global environment in these major cities attract people from not only China but the rest of world.

Considering the huge wealth accumulated in these cities, rather than a bubble with an uncertain fate, property prices are reasonable and acceptable, and especially so when compared to those in cities such as New York, London and Tokyo.

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ALUMNI pERSpEcTIvE

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Shenzhen, Guangzhou, Chengdu, Xi’an, Qingdao, Hangzhou and Nanjing are examples of performing markets. In performing markets, there is a steady and ongoing demand similar to that in primary leading markets, however, a weaker positive trend.

Compared with surrounding rural areas, towns and villages, the cities in performing markets have obvious advantages and attractions, making them ideal immigration destinations for people from surrounding areas.

Property prices won’t collapse since demand still exists, and prices won’t keep rising since purchasing power is driven by local citizens’ salaries and savings, and largely unaffected by the influence of national or international capital absorption. If prices were aimed at the same level as seen in primary leading markets, the property market would be at high risk of collapse.

The third market type, the stagnant market, is evident in cities such as Wenzhou (in Zhejiang province) and Ordos (in Inner Mongolia). In a relatively short time Wenzhou and Ordos have benefited from a remarkable increase in wealth, attributed to the outstanding business acumen of the local population and the advantages afforded by incomparable natural resources.

As a result, huge capital rushed into the local property market and prices were pushed up at a rate even higher than that witnessed in primary leading markets. But because cities like Wenzhou and Ordos are unlikely destinations for immigration, supply soon exceeded demand.

Without the social and commercial incentives like those seen in locations with performing markets, stagnant markets are not able to offset unreasonably high prices. A better analogy to describe the resulting debt and bankruptcy seen in the real estate business here would be that the market is recovering from a fever, rather than a bubble being burst.

For foreign investors, confidence in investing in property in China is fuelled by continuous development as a result of ongoing urbanisation across the country. Even though short-term fluctuations exist, primary leading markets and performing markets are still ideal places for long-term capital investment.

From my personal observation, the most significant uncertainty comes from government policies. Strict government

control policies may be published without any notice and suddenly freeze market demand and purchasing power dramatically.

It is advisable for foreign investors to put more energy into researching the local market, visiting the appropriate government departments to access city development plans, and maintain frequent communication with local agencies rather than reading market research reports alone. Wise investment decisions come from on-site investigation and high commitment to understanding the local market.

Cheng Jing has worked in the Chinese real estate industry for several years and is currently Marketing and Operations Director at Taikang Real Estate, a position she has held since 2011. Prior roles include Investment Manager and Project Consultant at Savills, a leading global real estate service provider. Cheng graduated from Melbourne Business School (then Graduate School of Business and Economics) with a Master of Applied Commerce (Marketing) in 2006.

Even though short-term fluctuations exist, primary leading markets and performing markets are still ideal places for long-term capital investment.

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bUSINESS ANd EcoNoMIcS NEwSfLASh

coMpETITIoN IN ThE oNLINE ENvIRoNMENT As the internet becomes an increasingly important part of the Australian economy and society, understanding and supporting the pro-competitive dynamics of the online environment is of greater importance for policy-makers and regulators.

The Intellectual Property Research Institute of Australia (IPRIA) is a collaborative research centre located at the University of Melbourne with significant funding from IP Australia. The core faculties are the Faculty of Business and Economics, the Melbourne Law School and Melbourne Business School.

Last November IPRIA co-hosted the Competition in the Online Environment Conference with Google to discuss research on the economics, management, marketing and legal analysis in

this relatively new area of debate in Australia.

This thought leadership is underpinned by independent academic research commissioned by Google and undertaken by Professor Bob Harris, University of California, Berkeley; Professor Stephen King, Monash University; Professor Catherine Tucker, Sloan MIT; and Dr Alexandra Merrett, the University of Melbourne.

Papers and presentations are available online at www.ipria.org/events/conf/Competition_Conference/Default.html

NEwSfLASh

The Australian Accounting Hall of Fame award recognises individuals who are making or have made a significant contribution to the advancement of accounting in Australia.

The late Professor Allan D. Barton, previously from ANU, and Mr Kevin Stevenson, Chairman and CEO Australian Accounting Standards Board, will be inducted into the Australian Accounting Hall of Fame this year.

The highlight is the Annual Dinner and Awards Ceremony where the recipients are celebrated and inducted into the Hall of Fame. This year’s dinner will be held on Wednesday 24 July. For further details or to purchase tickets to the dinner please visit fbe.unimelb.edu.au/accounting/caip/aahof/registration.

AUSTRALIAN AccoUNTINg hALL of fAME

Rupert Myer AM, Professor Stewart Leech (Co-Director of CAIP), Professor Emeritus Murray Wells (2012 Inductee) and Professor Emeritus Graeme Dean at the 2012 award ceremony

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NEw cENTRE foR ASIAN bUSINESS ANd EcoNoMIcSThe Faculty of Business and Economics has made a clear statement about its strategic intentions in the Asian region by appointing a renowned Asian business expert to the inaugural James Riady Chair in Asian Business and Economics.

Professor Jane Lu, most recently from the National University of Singapore’s Business School, will play a leadership role in developing Asian-focused teaching and engagement activities.

In 2012 the Faculty of Business and Economics developed a comprehensive Asia Strategy. A key part of this strategy is to build our strength in research, teaching and engagement with the region. As part of the strategy, we aim to develop a new Centre for Asian Business and Economics. A key part of Jane’s role will be working with the senior leadership of the Faculty to develop a plan for the new centre.

The James Riady Chair in Asian Business and Economics is funded through a generous donation by Dr James Riady, an alumnus of the Faculty of Business and Economics, with the objective of supporting teaching and research that drives a deeper understanding of doing business in the Asian region.

As Chair, Professor Lu intends to communicate her research outcomes through a range of public engagement activities including lectures, seminars and conferences that will assist in enhancing understanding of doing business in Asia.

“The James Riady Chair sits at the heart of our dedicated Asian Business and Economics Centre within the Faculty, and the appointment of Professor Lu ensures we have a candidate with the deep expertise and knowledge to build on our existing links to deliver invaluable research and powerful insights into this region.” Professor Paul Kofman, Dean of the Faculty

Professor Lu brings to the role an outstanding track record of research in international business strategy. Her applied work on Japanese Foreign Direct Investment in China, Joint Ventures of Small and Medium Sized Enterprises and Venture Capital and Business Group Affiliations in the Asian region is internationally regarded.

Professor Jane Lu will be presenting her inaugural professorial lecture on Tuesday 12 November. Please refer to the events listing at the end of this magazine for details.

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EcoNoMIcSProfessor Bill Griffiths was appointed a Professor of Econometrics in the Faculty of Business and Economics in 2001 and since then has held at various times the positions of Associate Dean (Undergraduate Studies), Deputy Head of the Department of Economics and Director of the Centre for Microeconometrics. He was appointed Head of Department at the end of 2012.

After graduating from the University of New England with a B.Ag.Ec (Hons) and undertaking a PhD at the University of Illinois, Bill has held a number of academic positions including as Research Associate in Agricultural and Applied Economics at the University of Minnesota (1971), Lecturer, Senior Lecturer and Associate Professor of Economic Statistics at the University of New England (1972-85), and Professor of Econometrics at the University of New England (1986-2001). He was Head of UNE’s Department of Econometrics in 1984-88, 1989-93 and 1997-98.

He has held visiting appointments at Louisiana State University and at the Universities of Georgia (Athens), Illinois (Champaign-Urbana), and California (Berkeley). He was elected Fellow of the Academy of Social Sciences in 1995, and has served as a member of the ARC College of Experts (2007-9).

Bill’s research interests are statistical inference for welfare measures and applied Bayesian econometrics.

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AccoUNTINg Professor Anne Lillis was appointed the Department of Accounting’s new Head of Department from March 2013. As a prolific researcher in management accounting, and having held a number of leadership roles within the Department and in the field of accounting, Professor Lillis brings a wide range of experiences and expertise to this role. She currently chairs the Institute of

Chartered Accountants Australia’s Management Accounting Module Advisory Panel, and serves as a member of their Education Board.

Professor Lillis is actively engaged in academic and governance activities of the American Accounting Association Management Accounting Section and serves as an Associate Editor of the Journal of Management Accounting Research. She is also a member of the editorial boards of several major accounting journals; Accounting, Organizations and Society, Contemporary Accounting Research, Behavioural Research in Accounting, Abacus and the European Accounting Review.

Her research interests focus on field studies of the design and behavioural influence of performance management and control systems. Her research is widely published and she has presented internationally at various institutions throughout Australasia, Europe and North America.

After receiving her PhD in Accounting from the University of Melbourne, Professor Lillis has gone on to a distinguished academic career. Having previously held positions at the Australian Taxation Office as well as at La Trobe and Deakin Universities, she joined the University of Melbourne staff in 1998. She has taught at undergraduate, masters, executive and PhD levels while undertaking research in the area of management accounting.

Having played an instrumental part in achieving AACSB accounting accreditation, Professor Lillis has shown a steadfast dedication to strengthening the Department’s reputation for quality in teaching, research, and engagement. As the new Head of Department, she will play a major role in seeking to further the Department of Accounting’s commitment to intellectual leadership in accounting education and research in Australia and the Asia-Pacific region.

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MANAgEMENT ANd MARkETINgProfessor Leisa Sargent is a Professor of Management in the Faculty of Business and Economics and was appointed Head of Department early this year.

Leisa has been an expert witness in the Industrial Relations Commission focusing on the detrimental effects of job changes in the Australian aged care sector and has

co-authored a submission to the Senate inquiry on Aged Care. Her organisational research includes careers, job transitions, retirement, work and stress and team effectiveness. Leisa has consulted to large complex organisations both in Australia and North America. She is currently publishing findings from an Australian Research Council grant which delivers an evidence-based approach to developing leadership capabilities.

In 2010 Leisa was awarded the Pearson Australia and New Zealand Academy of Management Educator of the Year. She has a keen interest in teaching and learning, and has published in the Journal of Management Education and co-authored several works on student virtuality and team work.

Leisa was awarded her Ph.D. from the Rotman School of Management at the University of Toronto and holds undergraduate and masters degrees in psychology from the University of Queensland. She has held posts at Cornell University and Queensland University of Technology.

“I am delighted to be the new Head of Department. It is filled with outstanding academics committed to world-class business education for our undergraduates right through to our executives. Our focus is on high impact research that is motivated by a strong engagement with business and other key stakeholders.”

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fINANcEAssociate Professor John Handley joined the Department of Finance in 1993 and was appointed Head of Department in August 2012. He teaches corporate finance, investment and derivatives subjects at both undergraduate and postgraduate levels.

Before joining the University, John spent three years with an international accounting firm

(now PricewaterhouseCoopers) and five years in corporate finance in an investment bank (now UBS). He has also been a visiting associate professor of finance at New York University Stern School of Business since 2009.

John’s research interests are in corporate finance, derivative security pricing and corporate finance applications of derivative security pricing. He has published papers in several leading business journals and has also co-authored a case study published in the Harvard Business School Case Collection.

He holds Bachelor degrees in Commerce and Mathematics from the University of Newcastle, a Masters degree in Commerce and PhD in Finance from the University of Melbourne.

Speaking at the National Homelessness Services Achievements Awards last month, Minister Mark Butler announced that additional funding for the Journeys Home study, led by staff at the Melbourne Institute, would be provided to enable a further two survey waves.

Journeys Home is a longitudinal study that is following a sample of Centrelink customers who have faced, or are facing, serious housing difficulties. The fourth wave of fieldwork is currently underway, with close to 85% of the original sample successfully re-interviewed with another two weeks of interviewing still to come. These high re-interview rates are one reason for the Government’s renewed commitment to the study.

The study is now set to continue until at least the end of 2014, and will provide a detailed picture of the housing circumstances of this sample of disadvantaged people over a 3-year period. The additional government funding (in times of significantly constrained government budgets) recognises the Melbourne Institute’s reputation for high quality, high impact, policy-focused research projects.

melbourneinstitute.com

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The hosting of the eighth Economic and Social Outlook conference by the Melbourne Institute and The Australian last November once again placed the Melbourne Institute in the national spotlight and at the centre of public policy debate and analysis.

Participants at the conference concentrated on identifying strategies for Australia to not only cope with, but thrive in, a volatile world.

Conference session topics included the likely impact on Australia of recent developments in international finance markets, the issue of economic change in Asia, reform in Australian health care and education, federal financial strategies, Australia’s ageing population and future fiscal challenges facing Australian policy-makers.

The conference was opened by University of Melbourne Vice-Chancellor Professor Glyn Davis.

Speakers included Melbourne Institute Head Professor Deborah Cobb-Clark; Editor-at-Large for The Australian, Paul Kelly; Treasury Secretary and Westpac Chairman Ted Evans; Deputy Prime Minister and Treasurer Wayne Swan; Opposition Leader Tony Abbott.

Recordings and presentations from the conference are available from melbourneinstitute.com/alumni/Outlook2012.html.

2012 EcoNoMIc ANd SocIAL oUTLook coNfERENcE

Melbourne Institute Deputy Director John Haisken-DeNew and Malcolm Turnbull MP

Penny Wong MP speaking at the conference

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Gary Banks AO, Former Chairman, Productivity Commission and Professor Deborah Cobb-Clark

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hoNoURS ANd AwARdSWe would like to congratulate the following Faculty alumni who were recognised with Australia Day Honours in 2013:

Member of the Order of Australia (AM)

The Rt Revd Andrew W Curnow AM – Bachelor of Commerce (1971)

For significant service to the Anglican Church of Australia through leadership roles

The Hon Robert C Fordham AM – Bachelor of Commerce (1964), BA (1967)

For significant service to the Parliament of Victoria, to education, to the Anglican Church in Australia, and to tourism and economic development

Medal of the Order of Australia (OAM)

Mr John G Adnams OAM – Bachelor of Commerce (1964)

For service to business and commerce, and to the community

Public Service Medal (PSM)

Ms Sheryl R Lewin PSM – Bachelor of Commerce (1977)

For outstanding public service to the Australian Public Service, especially to the welfare and social inclusion aims of government

We would also like to congratulate the following Faculty alumni who were recognised with Queen’s Birthday Honours in 2013:

Member of the Order of Australia (AM)

Associate Professor Duncan S Ironmonger AM – Bachelor of Commerce (1954), Master of Commerce (1958)

For significant service to economics as a researcher, author and academic

Medal of the Order of Australia (OAM)

Mr Stephen F Coffey OAM – Bachelor of Commerce (1960)

For service to the community, particularly children

Mr Alan F Lewis OAM – Bachelor of Commerce (1966), Master of Commerce (1974)

For service to the community of Malvern

Public Service Medal (PSM)

Ms Amanda J Cattermole PSM – Bachelor of Commerce (1993), LLB Hons (1993)

For outstanding public service in leading reform of the provision of housing for Indigenous people in remote communities and the National Gambling Reform Laws

NEw dEpARTMENT of bUSINESS AdMINISTRATIoNAcademic staff associated with Melbourne Business School’s MBA suite of programs are now grouped in the new Department of Business Administration (DBA). The DBA will sit alongside the Faculty’s existing departments (Economics, Accounting, Management and Marketing, Finance and the Melbourne Institute).

Associate Professor J. Douglas Dow has been appointed Head of the DBA. Doug is an experienced academic and researcher, and former consultant, who specialises in the areas of strategy and international business and has been on the faculty of Melbourne Business School since 1997.

In addition to his academic experience, Doug spent many years consulting with the Australian arm of what is now known as the Boston Consulting Group (then known as Pappas Carter Evans and Koop Pty Ltd). During this period he managed numerous business strategy projects for clients including Pacific Dunlop, ANZ, Qantas, General Electric and The Australian Manufacturing Council.

Doug teaches Business Strategy in the MBA program. He has served on MBS’s Teaching and Learning Quality Assurance Committee (Talqac) and has been a member of the MBS Ltd Board since 2011.

Two NEw ExEcUTIvES-IN-RESIdENcE IN ThE cENTRE foR AccoUNTINg ANd INdUSTRY pARTNERShIp (cAIp)The primary goal of the CAIP Executive-in-Residence Program is to involve accomplished senior executives more closely with the Department of Accounting by facilitating the sharing of their own professional experiences in the business community with students and staff.

CAIP Executives-in-Residence bring an energy and perspective which enhances both research and teaching in diverse ways. These partnerships allow students and researchers to work closely with experts in the field to create value in areas of mutual interest. CAIP Executives-in-Residence maintain a uniquely long-term relationship with the Department as honorary Fellows.

This year two new Executives-in-Residence bring their wealth of experience and expertise to the program: alumnus Michael Bray, Partner – Audit at KPMG (BCom Hons) and former Auditor General of Victoria, Des Pearson.

For more information on the CAIP and the Executive-in-Residence Program visit fbe.unimelb.edu.au/accounting/caip

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STUdENT focUS

Over the past few years we have witnessed a boom of student led pro-bono organisations in our Faculty. Student-led consulting groups such as the Global Consulting Group (GCG, formerly the Graduate Consulting Group) and 180 Degrees Consulting are perfect examples of how to harness the energy and enthusiasm of capable students to help not-for-profit organisations enhance their social impact and contribution to the community.

In 2007 Nathaniel Ware was volunteering in multiple NFPs whilst studying at university. He soon became acutely aware of the latent need for NFPs to have access to additional resources and affordable advice in both strategic and operational levels. At the same time, students at universities all over the country were becoming increasingly frustrated with the lack of opportunities for them to apply their business knowledge and skills in a real-world setting. As a result, 180 Degrees Consulting was born.

The organisation, now operating across 14 different countries, has over 1200 student consultants assisting charitable, educational, health and human service NFPs at the grassroots level by providing

tailored solutions to systematic problems. The University of Melbourne branch was established in 2012 and has attracted more than 40 aspiring student consultants and numerous NFP clients such as Wear for Success, a volunteer-based organisation helping disadvantaged individuals prepare for work by providing free quality clothing and styling advice; and StreetSmart, a fundraising initiative which supports and strengthens smaller, grassroots community organisations that provide critical services and emergency aid as well as promoting social inclusion, empowerment and sustainable change for people who are homeless or at risk.

The Global Consulting Group was founded under similar circumstances by three postgraduate Melbourne University students in 2009. The group recognises the importance of the NFP sector in the Australian economy and society.

“Many organisations in this sector require additional strategic support as all their resources tend to go directly towards the provisions of services. With tight budgets in place, they simply do not have the luxury of hiring external professionals to give them a helping hand. That’s where the GCG comes in – we provide a team of

passionate, socially conscious individuals with a fresh perspective and access to networks, allowing NFPs to rapidly overcome their most pressing issues, all at zero cost,” explains GCG co-founder and director, Fabian Burmeister.

Since conception, the GCG has managed to secure a team of experienced consultants from some of the world’s leading firms, including L.E.K., Deloitte, A.T. Kearney and BCG, to work as mentors for their students. The combination of formal training on techniques in the consulting industry and on-the-job guidance allows students to develop outstanding problem solving, analytical, communications and leadership skills. In turn, these students are creating genuine and positive changes in communities.

The organisation has received a very positive response from industry, doubling in size within the last year, and continues to expand across Australia. It has conducted more than 20 consulting projects relating to the homeless, intellectually disabled and victims of abuse, empowering students to create genuine and positive changes in communities.

Not content to live up to the “me generation” label, students of the Faculty along with some of our young alumni are determined to tackle society’s biggest issues through social innovations, optimism and good old hard work. We look forward to watching their contributions in the coming years.

MAkINg A poSITIvE dIffERENcE ThE NEw gENERATIoN of pRo-boNo STUdENT coNSULTANTSby christine chengWhen it comes to the portrayal of the Millennial Generation, popular media often paints a sensationalised caricature of a group of increasingly selfish, apathetic, technology-obsessed pessimists. In a Melbourne mental health conference in 2001, San Francisco psychology professor Jean Twenge went so far as to announce that an “epidemic of narcissism” has been sweeping across the student population in the past couple of decades.

While some might succumb to these convenient simplistic stereotypes, a closer observation of our students tells us that the new generation is much more proactive, altruistic and socially conscious than we think.

The Global Consulting Group, with co-founder and director, Fabian Burmeister in the centre

180 Degrees Consulting, University of Melbourne branch

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wEAR foR SUccESSWhile job-related skills and experience often determines one’s success at job interviews, hiring managers form first impressions about a candidate in matter of seconds by judging their appearance. Wear for Success is a not-for-profit organisation in Victoria specialising in providing free, quality work clothing and grooming advice to individuals in difficult financial circumstances who are struggling to find employment.

With a limited marketing budget, Wear for Success engaged a team of student consultants from the University of Melbourne 180 Degrees Consulting group to help develop the branding strategy for what will become their flagship marketing campaign.

The first phase of the project involves an analysis of funding options for the campaign. The 180 DC team developed a comprehensive overview of the potential of crowdfunding donations, analysing the risks of each funding option, and mapped out clear guidelines around how to run a successful fundraising campaign.

The reported centred upon the use of Pozible, a home grown, crowdfunding initiative. What would have started out as a fairly haphazard brainstorm of the plethora of ways a campaign like this could be funded was greatly aided by the utilisation of consulting technologies supplied by the broader 180 DC network. The use of simple tools like Issue Trees, Social Impact matrices and the development of a robust problem definition statement helped the team break down significant complexities, and deliver a heavily researched series of recommendations on a very tight deadline.

Despite the rigorous workload demanded of them on top of university studies, working on the project has helped enrich the student lives of the 180 DC team. They have established an extremely close relationship with their client and as Harrison Fenton, Vice-President of 180 DC (University of Melbourne) and current BCom student recounts, “Being able to meet with them [Wear for Success] regularly, and get exposed to the great work that they do, made the many hours of work (and many more hours of university catch up) all worth it.”

bAgoNg bARRIo EdUcATIoN fUNd (bbEf)BBEF is a not-for-profit sponsorship program that focuses on education as a means of breaking the poverty cycle in Bagong Barrio, the second largest slum village in Manila, the Philippines.

The program supports the educational needs of the children of Bagong Barrio by bringing together Australian (and international) sponsors who fund the education expenses (books, uniforms, transport) of individual students.

Consultants at BBEF believed there were opportunities to expand their reach in the community and provide further assistance to struggling students. In order to gain clearer direction on how they could best deliver on their mission, BBEF sought the help of a team of GCG student consultants.

Guided by Max Teo, current Harvard University post-graduate student, Melbourne alumnus, and former consultant at Pacific Strategy Partners, the GCG team completed a strategy diagnostic including a macro environmental scan and micro review of operations. This diagnostic served as an input into BBEF’s long-term strategy and provided management with a clear understanding of the organisation’s core competences and opportunities available to them.

“GCG provided our organisation with a solid foundation from which we will develop our five-year strategic plan. The team’s ability to initiate, challenge, and support our thinking was highly valuable and we are most grateful for their assistance,” said James Lee, BBEF Director.

To learn more about the Global Consulting Group, please visit: www.gcg.org.au

As the 180 DC team begins the next leg of their project with Wear for Success, advising on how large the campaign needs to be to ensure financial sustainability under a variety of scenarios, the group is looking forward to delivering another set of positive impacts in the local community.

To learn more about 180 Degrees Consulting, please visit: www.180degreesconsulting.org

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ALUMNI poSTcARdS

Since graduating from the Faculty of Business and Economics in 2004, I’ve kept close links with both the University and the city of Melbourne. Joining the Shanghai VGBO team in January 2007, my role is to assist Victorian businesses to export goods, services and technologies to China, promote Victorian industries in China, and to establish and coordinate relationships with Chinese governments and industry bodies.

I’ve maintained a close network of alumni friends since my student days and have been active in re-energising alumni activity in Shanghai, as well as meeting with prospective students in Shanghai to answer their many questions about coming to Melbourne. Being located in the same building as the University of Melbourne Shanghai office hasn’t been a bad thing either!

Before joining the VGBO, I worked with the China-Britain Business Council (CBBC), UK’s leading trade and investment agency helping British companies do business in China. During this period, I managed a wide range of projects focused on exporting to and investing in China.

I earned a Bachelor degree from Fudan University, Shanghai, in 1993, before completing the Master of International Business program at the University of Melbourne in 2004. I am also currently acting as the Vice President for the Australia and New Zealand Chapter, Shanghai Overseas Returned Scholars Association (SORSA), and am the President of the University of Melbourne Alumni Association Shanghai (UMAAS).

NIck YAN MASTER of INTERNATIoNAL bUSINESS 2004SENIoR bUSINESS dEvELopMENT MANAgER vIcToRIAN govERNMENT bUSINESS offIcE – ShANghAI

The Faculty of Business and Economics has a global community of 57,000 alumni. Here is what some of our graduates are doing now. To update your profile, please send an email to fbe-alumni@unimelb.edu.au

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After graduating in December 2011, I flew back to Colombia the very next day with a mix of excitement about going back home and nostalgia about leaving Melbourne and the good friends I‘d made there.

When I arrived I had great expectations for my career although it was a time of economic turmoil. A few months later I joined J.P. Morgan’s Representation Office in Colombia as Treasury Services Sales Associate in the Corporate and Investment Bank.

I’m confident that the skills I gained during my studies in Melbourne through the Master of Applied Finance program were instrumental in obtaining this position and being part of the important expansion plan that the organisation has been developing in Latin America.

During the last year, I’ve been covering other markets apart from Colombia, and have had the opportunity to meet and learn about the Peruvian and Venezuelan banking industry and, more recently, the Caribbean. Being part of an international organisation like J.P. Morgan has widened my knowledge of global banking products and practices and has given me the chance to be part of a multicultural team with high academic and ethical standards.

Almost two years after graduation, I keep in touch with a couple of friends from Melbourne and I’m looking forward to going back some day to hopefully reunite with my fellow alumni.

dIANA REYES MASTER of AppLIEd fINANcE 2011 TREASURY SERvIcES SALES ASSocIATE coRpoRATE ANd INvESTMENT bANk, j.p. MoRgAN – bogoTA

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Nominated by his club to receive the award, which he describes as “an absolute honour”, Dan is squarely focused on using the publicity it has generated to put the spotlight on a lesser-reported but very active area within AFL around community engagement and leadership.

For his own part, Dan is linked to a number of organisations but is quick to point out that his involvement is by no means a rarity within the AFL community; every club tends to have an affiliated community group or charity that they work with.

“At Richmond we’ve brought a lot of that in-house, for example we have our own Indigenous centre upstairs at Punt Road, which engages communities in the Northern Territory. We have a young leaders’ camp and bring the kids down to Melbourne to do two-week programs.

“It’s been great for players to get more exposure to the wider Australian culture.”

Dan’s current roles include ambassador for Headspace, Australia’s national youth mental health foundation; board member of Big Brothers Big Sisters, a non-profit organisation providing positive mentorship for young people; board member of Ladder, an independent non-profit founded by a group of AFL players in 2007 to tackle the issue of youth homelessness in Australia; and ambassador and speaker for Step Back Think, a youth anti-violence initiative.

He also sits on the board of the Players Association, which is highly active across a variety of areas, particularly over the last couple of years around diversity and gay rights, last year teaming up with Headspace to support IDAHO Day (International Day Against Homophobia),

at a time with the AFL hadn’t formulated much of a stance on the issue. This has since evolved, with Dan and Carlton’s Brock McLean being the first two AFL players to openly support the Gay Pride march in St Kilda earlier this year.

Pleasantly surprised by the interest that the award has attracted, particularly from people outside the football world, Dan is keen to see a shift in the media and public focus towards the high number of AFL players doing a lot of great things off the field rather than the other end of the spectrum.

“As soon as you put on a footy jumper people take notice, so you can either use it constructively and be involved, or not. I’ve chosen to use it to make sure people are taking notice of the bigger issues.”

He would love to see the award gain momentum and hold a high value within the playing group and then as a consequence, the football world start to pay attention to the many stories that tell of the difference players can make outside the sport.

Ten years ago his perspective might have been quite different. Reflecting on what first sparked his interest in community involvement and particularly his work with young people, Dan credits the tough lessons from his own personal experiences as a starting point.

For most people outside the world of professional sport, there is little recognition of the extraordinary pressures – both mental and physical – placed on

elite athletes. (Multiply that scrutiny by ten in Melbourne, a city with that many professional AFL teams.)

As a teenager, balancing the pressures of being a professional footballer with the responsibilities of finishing high school was a tremendously difficult exercise, leading Dan to seek the support of a counsellor and through the process learn a valuable life lesson about the importance of speaking out and cultivating a strong support network.

As invitations to speak at schools and community groups flooded in, he discovered a genuine enjoyment in sharing his own story with others. His dual messages around the importance of a strong support network and having balance to lend a sense of perspective in stressful times are equally pertinent to young people in general and young footballers in particular, many of whom over the years have turned to Dan as a mentor – a role that comes naturally.

You don’t need to spend a lot of time with Dan to see his genuine passion for engaging with people. Nurturing relationships tops his list of important leadership qualities. Over the last ten years with Richmond he’s trained under four coaches, three presidents, two CEOs, four captains and with about 150 teammates, so has seen his fair share of leadership styles.

“You can be passionate and outspoken, but if you don’t understand the people you’re working with, you really can’t get the best out of them.

“If you cultivate a good relationship with people and they respect you and want to work with you or play for you

ALUMNI pRofILE:

dAN jAckSoNby Anthea barry

At the age of 17 and about to complete year 12, Daniel Jackson was drafted by the Richmond Football club. Over the next ten years – eight of them spent completing a part-time Bachelor of Commerce degree at the University of Melbourne – he worked closely with a number of local youth support initiatives as an advocate and ambassador, culminating in his being awarded the inaugural Jim Stynes Award in Community Leadership at last year’s Brownlows.

ALUMNI pRofILE

image © Lachlan Cunningham, AFL media

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in whatever industry you’re in, that makes the difference.”

Current Richmond coach Damian Hardwick has instilled in his team the second leadership quality Dan regards as equally important: doing the little things right. Following the Broken Windows approach, demonstrated by leaders like Rudy Guiliani during his first term as mayor of New York, starting by focusing on small issues has a snowball effect. At the club this translated into actions like always being punctual for meetings and cleaning up the gym after training.

“Most kids are familiar with the concept of having a role model. I talk to them about working on doing the little things right so that they can be that role model.”

In his own life, although Dan concedes that undertaking a commerce degree alongside a full-time footy career was no mean feat, it also provided a very welcome reprieve from the intensity of his sporting pursuits and the balance he’d discovered was vital for him to succeed in his chosen career.

Interspersed with the good memories of hours spent working in the library, interacting with people from different backgrounds and getting involved in uni culture, however, is a sense of having missed out on the full university experience that fellow students were able to take advantage of.

There were also struggles early on trying to maintain energy levels and a commitment to study, as well as confronting a lack of awareness among academic staff of the physical and mental demands of professional sport and the consequent effect this can have on studies.

Dan is hugely supportive of the Elite Athlete Support Program, implemented by the university to enable special study arrangements to be made for students who are elite athletes and performers, which came about half-way through his degree.

“It’s a real asset to the uni. The training schedule is very rigid and having people like Rod Warnecke at Melbourne Uni Sport was fantastic; I was very grateful to the uni for having that in place.”

The shift in technology is also an area he believes will play a significant role in making a university education more accessible to the next generation of professional sports people. He recalls “living on Lectopia” and, in the short snatches of free time during the off-season when a break was needed, listening to lectures on a beach in Vietnam or writing up assignments in an internet café in Europe.

Looking to the future, further masters-level study in International Affairs is on the cards – but, he insists, only at a time when he

can be a full-time student and enjoy all the experiences he couldn’t take advantage of the first time around. Describing himself as “definitely not a numbers guy,” an ethics subject taught by Faculty academic Dr Ben Neville was a favourite during his BCom and something he’d like to pursue further.

Dan describes the reaction and recognition that has come from the community leadership award as being a real door opener in the media, business and political worlds, and is now focused on harnessing that to help the organisations involved and at the same time to plan a career after footy.

“Most kids are familiar with the concept of having a role model. I talk to them about working on doing the little things right so that they can be that role model.”

Not yet having had the chance to put his commerce degree to use, when the time does come to retire from football, he regards his considerable experience in the not-for-profit sector as great exposure to the real world.

“I’ve been fortunate enough to be exposed to and able to work with all these great organisations and great people; when I finish I’ll look back very fondly on my on-field career, but I think I’ll look back most fondly on the exposure I’ve been able to have outside that footy world because I played.”

Like Dan, we look forward to seeing the future impact of the Jim Stynes Award, what may well become one of AFL’s most important legacies.

image © Michael Willson, AFL media

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Five years ago Griffiths and uni friend Zanna McCormish dreamt up the idea behind the newly-opened Shebeen Café and Bar in Melbourne, a restaurant and bar which donates 100% of profits to the developing world. It was the springboard to launch his latest venture, Who Gives A Crap, a social enterprise which donates 50% of profits through the sales of toilet paper to WaterAid to build toilets and improve sanitation in the developing world. Alumni Matters took a sip of Shebeen-a Colada and sat down with Simon to get his insights on why this business model is proving popular with entrepreneurs and consumers alike.

Shebeen Café and Bar has only been open a couple of months but is already attracting attention. While we’re sipping our coffees a photographer is snapping away, using the venue on Manchester Lane as a feature in a new City of Melbourne ad campaign.

Raising enough capital to open the café took a couple of years and a less than conventional approach. Simon and his business partner, Vernon Chalker, sought social investors to put up capital on the basis that no returns would ever come back to them, which is a slightly different ask from most business models.

Through product partners – including Schweppes and hospitality equipment funding company Silverchef – and non-traditional philanthropists, the idea took shape. The media started telling the story, more investors started coming on board, and $250k in capital was raised. Shebeen was born.

SocIAL ENTREpRENEURShIpAustralia’s time to seize the social entrepreneurship wave sweeping the globe is now. That is the verdict of alumnus Simon Griffiths, one of Australia’s most successful entrepreneurs in this inspiring field.

by Anthea barry

unplugged

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“We wanted to create something that could prove itself based on the quality of its product rather than the people who’d supported it initially based on the concept,” says Simon on their approach.

“Social entrepreneurship is a totally new kind of business model. The idea is that by parading something that people will feel good about, it attracts a different audience and caters to a more conscious consumer.”

When Shebeen shifted from being just a dream into a reality, Simon started thinking about some of the downsides and what could be improved to make the concept even better. In true entrepreneurial style, the idea for the next venture was hatched.

Unlimited by the constraints of a bricks and mortar venue, the new enterprise needed to be something much more geographically scalable.

“For us it felt important to be able to create something that someone in say, Broome, could interact with, rather than only someone who was in Melbourne and only someone who drank beer or wine.”

That something needed to be a mass-market product – and what better than toilet paper?

“It was a quarter-second epiphany of walking into the bathroom and seeing a 6-pack of toilet paper and going, ‘Oh my God, that’s it, it’s toilet paper!’ We decided to call it Who Gives A Crap.”

The concept is simple. Two and a half billion people across the world don’t have access to a toilet. Half of the profits from WGAC sales go to an organisation called WaterAid, which

builds toilets and improves sanitation in the developing world.

The idea was launched last year, with Simon agreeing to sit on a toilet with a live feed until $50,000 of product was pre-sold through crowdfunding.

According to the Oxford dictionary, crowdfunding is “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet”.

“Funding came in from all over the place and we had supporters through about 15 countries all up.

“We were incredibly popular in Brazil. We’re still not 100% sure why but we were embedded onto the front page of the O Globo website, the Largest Latin American newspaper in the world. I think it was something to do with bums and Brazilians that kind of made it work!”

Viral outreach and the influence of social media contributed to the success of WGAC.

“As soon as we landed the product and started filling our pre-orders from the crowdfunding campaign, people started posting pictures of our product on instagram and facebook and twitter, and our sales just started skyrocketing.

“We sold out of the two months of product that we bought in the first five days – which was a shock to everyone. Our shipping company was freaking out because they’d never seen anyone drop a container load of stock that quickly and then empty it, and toilet paper is the least likely product that you’d ever do that with.

“We’re starting to understand that the way we market the products will really be determined by how consumers are responding and interacting with it, which is probably quite different from how most companies do it.

“Although we hoped that something like that would happen, it was definitely very unexpected.”

When Simon and Vernon went to market with the Shebeen concept, it was in the middle of the Global Financial Crisis and a new way of thinking was starting to develop.

“People started to realise that the security of capitalism didn’t really exist in the way they thought it had and this new way of thinking developed somewhat in response to that. It was probably one of the catalysts in giving the social entrepreneurship space a push.

“Also, as a consumer body we’re becoming much more conscious, we’re starting to look at what ingredients are going into the products that we’re buying. We’re wondering where it’s made, and if it does something greater than just giving a level of happiness. The way that happiness is measured is changing as a result.”

It’s something that’s catching on. Even multinationals are seeing a new model that is more socially conscious as a way to drive future profitability and something that there is a need to adopt.

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Social entrepreneurship is a totally new kind of business model. The idea is that by parading something that people will feel good about, it attracts a different audience and caters to a more conscious consumer.

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MELboURNE AccELERAToR pRogRAMThe Melbourne Accelerator Program (MAP) is an exciting initiative of the Melbourne School of Engineering and the Faculty of Business and Economics at the University of Melbourne. MAP is a start-up accelerator that assists students, staff and alumni give their venture the best possible chance of success.

A great example is Starbucks’ acquisition of Ethos Water, which is now sold exclusively in every Starbucks in the US and Canada, and donates 5c from every bottle to water, sanitation and hygiene education.

“The way that we consume has shifted rapidly over the last 10 years and perhaps concepts like Shebeen and WGAC wouldn’t have been successful 10 years ago. As a result of a shift in consumer values, it’s something that is really resonating now.”

The industry is not without challenges. Similar to any kind of start-up environment, because Australia is a small country there is not the kind of capital available in order to grow at the same pace as what you’d see in the States or the UK.

“I always thought that was because our social enterprise industry wasn’t as developed and as a result there was less understanding of what the investment opportunities are like.

“Now I don’t think that’s necessarily right. The investment opportunities are there, it’s just that you need to be running a company that’s going to be profitable and taking a big chunk of market or having a huge margin to make it work because we’re a small country and hitting scale is fifteen times less effective than hitting scale in the US.”

Simon describes the response to social enterprise from consumers as exceptional.

“I think we’re going to start to see more business opportunities like WGAC where there’s a blend of personal profitability as

well as purpose or social impact. And that’s when the industry will start to do really well and will attract people into it who weren’t previously interested. So it’s really exciting and only going to grow.”

Talking about his own career path, Simon says that he has always been entrepreneurial and jokes that he was the kid who sold other kids stuff at high school.

Far from being a drop-out who couldn’t hack a corporate career – a stereotype which has changed even in the past few years – on paper Simon was a model student, getting straight H1s through his commerce and engineering degrees. His formula of doing “amazing fun stuff” during semester and then studying really hard for four weeks paid off and he was head hunted into corporate roles or, as he describes it, “funneled into a corporate career”.

He worked briefly as an engineer and an investment banker until the offer came for his dream job, something he’d worked hard to achieve. By this time the realisation had dawned that engineering or investment banking were never going to provide personal and professional satisfaction, but the skills gained in both environments could be put to good use doing something that he was more passionate about.

“It was about taking the problem-solving capability from engineering and my experience in using consumer incentives to change the way that consumers think and starting to put that into play.

“Those skills are completely invaluable; what was tricky was that there wasn’t a pathway to entrepreneurship that was well-trodden and even accepted as being something that could be very respectable. It was something that was frowned upon.

“Entrepreneurship has been around for years but if you were a kid from university who at the end of your degree decided to start your own company, that was considered to be what the dropkicks did and, as a result, funneled people into areas which they didn’t enjoy that much.”

Simon believes more encouragement is needed for students to get involved in entrepreneurship while they’re at university, such as the Melbourne Accelerator Program, a start-up accelerator that assists students, staff and alumni give their venture the best possible chance of success through funding, office space and mentoring.

“I think now things have changed. Entrepreneur is no longer a dirty word.”

Shebeen Café and Bar is open for business at 36 Manchester Lane www.shebeen.com.au

Who Gives A Crap: au.whogivesacrap.org

The University joins only a handful of leading institutions globally providing an entrepreneurial program to its community. Our vision is to raise the culture of entrepreneurship on campus and contribute to the Melbourne start-up ecosystem. By leveraging our alumni networks and brand name we are well placed to support fledgling entrepreneurs give their venture the best chance of success.

MAP provides $20,000 in funding, office space and mentoring for selected teams to accelerate and guide their start-ups. The culmination of the program is “Demo Day” where the start-ups pitch to a room full of potential investors.

If you would like to find out more about MAP we encourage you to contact MAP Manager, Rohan Workman, on rworkman@unimelb.edu.au or visit http://map.eng.unimelb.edu.au/ for more information.

It was about taking the problem-solving capability from engineering and my experience using consumer incentives to change the way that consumers think.

ALUMNI pRofILE

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vALE: jEAN kERR

pIoNEERINg fEMALE AccoUNTINg AcAdEMIcjEAN ST gEoRgE kERR 31 dEcEMbER 1922–13 MARch 2013

by geoff burrows

Born in Camberwell, the fourth of six children of Robert Gordon Kerr, a commercial traveller, and Grace Margaret (nee Tuohy), her middle name, St George, was inherited from her maternal grandmother. An early hint of her independent spirit occurred when the family doctor called to remove the Kerr children’s tonsils, using the dining room table for the procedure. Jean was far too fleet of foot to be caught and brought to the table.

Educated by the Brigidene sisters at Lyndale College, Hawthorn (now closed), she completed Leaving Honours in 1938, just before her sixteenth birthday, topping the state in Commercial Practice and finishing second in Commercial Principles.

Enrolling in the University of Melbourne’s BCom degree on a free place in 1939, she was still only 16 when she placed second from 221 entrants in Accountancy I in that year, one spot ahead of Donald Cochrane, a future Dean of Economics at Monash University. At the University Kerr played competition tennis and netball, becoming secretary of the netball club.

In 1942 with only two subjects of her then 14-subject degree to complete, she started work at £5 per week as an accountant at the Tottenham pump works of McPhersons Ltd, where she spent almost five years preparing payroll and job-cost records, often for products related to the war effort. A male contemporary who was “manpower planned” to an accounting job at the same time enjoyed a starting salary of £7 per week.

The post-war influx of ex-serviceman to the University under the Commonwealth Reconstruction Training Scheme created an urgent need for more staff. At a graduate dinner in late 1946, Kerr was approached by the Dean of Commerce, Professor Gordon Wood, who astonished her by enquiring whether she “would like to come back and lecture for them”. The upshot was a position as Temporary (Post-War) Lecturer in Accountancy, for a period of three years dating from 1 December 1946, at an annual salary of £450, not subject to cost-of-living adjustments, making Kerr, after Louis Goldberg, Australia’s second full-time

university accounting-academic and the first such female appointee. “Everybody I had contact with went out of their way to help me” is how she remembered her introduction to lecturing.

With her lectureship upgraded to permanent status, she took sabbatical leave from August 1954 to undertake the MSc by coursework at New York’s Columbia University. With trans-Pacific passenger shipping virtually non-existent, the journey took six weeks by sea via London. On returning to Australia – travelling now by airliner – she showed one of her Columbia course papers to Melbourne’s professor of accounting, Sir Alec Fitzgerald, who also edited the Australian Accountant. As she recalled, “he grabbed it”.

Her “three concepts of business income”, published in the April 1956 Australian Accountant, provided a masterly analysis of the income-capital nexus under three different measurement systems – historical cost, current purchasing power, and current operating capacity. It would become one of the most widely cited and reproduced articles of its time, generating a major international reputation for its self-effacing author.

With Fitzgerald’s support, she was promoted to senior lecturer the following year. This was before the “publish or perish” ethos in accounting academia and she published only sporadically during the remainder of her academic career which she devoted largely to teaching – to the benefit of some thousands of current Melbourne alumni. Her lack of ambition is reflected in her promotion to Reader in 1968. Louis Goldberg, who had replaced Fitzgerald as Professor of Accounting, became frustrated when Kerr declined to apply for further promotion. In an era of relatively informal personnel processes, he successfully applied on her behalf.

When she retired from the University of Melbourne on her sixtieth birthday, Kerr

was then the most senior female academic accountant in Australia and had she been more ambitious, would undoubtedly have become Australia’s first female professor in the discipline. Contrary to the “glass ceiling” stereotype, she readily acknowledged that her career progress owed much to the encouragement of her senior male colleagues, Sir Alec Fitzgerald and Louis Goldberg.

A research career that began brilliantly but which could be construed as having petered out at the University was revived in her retirement through the influence of one of her ex-students, Kevin Stevenson (now chair of the Australian Accounting Standards Board). In 1970, Stevenson had topped the accounting-theory course taught by Kerr and been impressed by her intellectual depth. As Director of the Australian Accounting Research Foundation (AARF) in the 1980s when the body was seeking an author for a monograph on liabilities to extend its conceptual framework, Stevenson, in what he labelled an “inspired choice”, approached his former teacher who obliged. The resulting monograph, The Definition and Recognition of Liabilities was later translated into Japanese and served as the basis for the prestigious

CPA Australia/University of Melbourne Annual Research Lecture, which Kerr delivered in 1985. A companion monograph for AARF, The Concept of Equity in Financial Reporting, followed in 1988.

An elegant and gracious lady who never married, Kerr lived for many years in Kew, as well as keeping a holiday haven at Sorrento where family, friends and former colleagues were frequent welcome visitors. She later moved to Berwick until falls, hip replacements and a series of strokes necessitated high-level care for the last three years of her life at Cabrini, Ashwood.

Associate-Professor Geoff Burrows is a former colleague of Jean Kerr’s. He was assisted by Jean’s brother, David Kerr.

Jean Kerr, who has died in Melbourne at the age of 90, had an international reputation as an accounting scholar and was the first female to hold a full-time lecturing position in accounting at an Australian university.

It would become one of the most widely cited and reproduced articles of its time, generating a major international reputation for its self-effacing author.

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cAREER MENToRINg

The Faculty’s very successful Career Mentoring Program has been in place for 10 years now and every year more and more alumni join in to be carefully matched with a student who passed the selection process for becoming a mentee.

During a year-long mentoring journey, both mentors and mentees try out –

in different situations – their cultural, social and emotional intelligence, pay attention to and learn about someone else, and equally importantly, learn a lot about themselves. It’s a “give and take” where new career ideas can be bounced off each other, assumptions can be voiced, discussed and challenged in an environment of trust and confidence through which

both mentor and mentee add to their skills and build social capital.

We recently spoke to three very special alumni mentors, all of whom started as student mentees themselves and who have now returned to the program as mentors.

bRIdgINg ThE gAp STUdENT MENTEES RETURN AS MENToRSMentoring is an ongoing relationship of exploration, dialogue and challenge, which brings significant value and growth to both parties involved, the mentor and the mentee.

Marlena Menda (centre)

Tell us a bit about your current role

I am the Marketing and Recruitment Team Leader in the Faculty of Science (at the University of Melbourne), responsible for recruiting graduate coursework and research students to the Graduate School of Science, promoting the Graduate School, raising awareness of its academics and their research as well as engaging with young alumni overseas.

How did your experience as a student mentee influence your decision to become a mentor?

I was already very familiar with the overall framework and the merit of

the program. I had a very positive and enriching mentee experience and was hoping to give a similar experience to someone else and to make a positive difference in someone’s life.

Having been an international student myself, I can relate to the situation of international students having to juggle living in a new country, making friends, as well as balancing work and study arrangements. Having a mentor who can act as a more objective sounding board than perhaps friends and parents and who has local industry experience, is particularly beneficial for those who do not have an established network yet.

Key skill that you’ve learnt from a past or current mentor?

I think the best advice I have received is to communicate with people around you much more face-to-face or on the phone than via email. It seems obvious but in the workplace people tend to over email even when sitting right next to each other. In direct communication you establish a much closer connection and misunderstandings are less likely to occur.

What is the most valuable aspect of being a mentor?

Making a positive difference in someone’s life has been the most valuable aspect for me. It is great to be able to help someone, see them progress in their decision-making process throughout the year and then hopefully see a positive end result.

MARLENA MENdE bcom 2004 MAppcom(Mktg) 2007, second year as a career mentor

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Khin Zaw (centre)

The Career Mentoring Program is run by the Faculty’s Careers Centre. Alumni based in Australia and overseas are invited to participate in the program as career mentors. Applications for next year’s program will open in February 2014. To register your interest or obtain further details, please contact the Business & Economics Careers Centre or visit mbs.unimelb.edu.au/careers/mentoring.

Tell us a bit about your current role

HR Account Manager at Shell. I wanted to combine my science and technology experience with my degree in Management (Human Resources). It’s a great time to be part of the Energy Industry, with growth, innovation and partnerships being key to success.

Why did you participate in the mentoring program as a mentee?

I recognised the need to start transitioning out of study mode (which I loved) and back into work mode in a new professional field. I had only a small HR network at the time, so this was a great opportunity presented by the Careers Centre.

What were the most valuable aspects of having a mentor?

The two-way sharing of our diverse work experiences. Now three years down the track at Shell Australia, I still apply the learnings gained from my mentor. We were also at similar life stages, both having young children and balancing work and family life. We both gained a great deal from sharing our challenges and discussing how diversity and flexible work practices are so important for organisations to focus on now and continuing into the future.

Did your experience as a mentee influence your decision to become a mentor?

Definitely. Part of my current role is to develop early career talent at Shell and I am really interested in new approaches and thought leadership that the next generation will bring to the workforce.

Key skill that you’ve learnt from a past or current mentor?

Always be curious and don’t be afraid to ask people what they do and how they go about contributing to the

organisation. People love to share their expertise and experiences, and these are the people who can help you learn more about the industry you work in.

What’s your top tip for new graduates?

Ask for feedback, let people know what you offer even at the early stages of your career and stay curious for life. Challenge yourself and others to ask, “What could be done and why?” Don’t worry so much as everything will work out, sometimes in ways you never expected.

Tell us a bit about your current role

I’m an internal auditor at ANZ, which involves examining and assessing the internal control environment across a range of different business units. The internal audit department in most organisations is one layer in a tiered structure for managing risks faced by the organisation.

What were the most valuable aspects of having a mentor?

Learning about how to set and meet career objectives. Getting first-hand knowledge about the professional environment I was interested in entering.

Key skill that you’ve learnt from a past or current mentor?

In broad terms, one of the key lessons I learned from a past mentor has been the emphasis put on preparation and planning before undertaking a particular task or initiative. As the saying goes, if you fail to plan then in essence you are planning

to fail. This mentality has evolved over time such that I have had to learn flexibility as well – given some of the best laid plans can also suffer when unexpected things happen.

Key skill you’d like to pass on to your mentee?

In meetings and discussions, the ability to listen actively and only say something which is meaningful or adds value to the discussion is, in my mind, the most useful skill to put into practice.

What’s your top tip for new graduates?

Learn the ability to be highly self-aware in the context of those around you, so that you can differentiate yourself from peers and colleagues. However, this must be balanced by retaining some humility and a commitment to teamwork/collaboration because at the end of the day, it is the exception and not the norm to be able to achieve significant things all on your own.

khIN ZAw bEng hons 2001 MAppcom (Acc) 2008, third year as a career mentor

cASSANdRA TRUMbLE bvetSc hons 1998 MhRMgt 2010, first year as a career mentor

Cassandra Trumble

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At the age of six Emad Zarghami, his two-year-old brother and parents made two attempts to get to Australia from Indonesia on a people-smuggler’s boat. They were journeys he vividly remembers.

“The first attempt at night was in torrential rain. A small dugout canoe with a little motor out the back and ten people squeezed inside it searched in complete darkness for the smuggler’s boat that would take us to Australia. We searched and searched but eventually ran out of petrol. Every single wave made it feel like the boat would tip over. My two-year-old brother was on my mother’s lap as the boat drifted and then water started to come in as people started screaming.”

Somehow eventually their canoe drifted back to the Indonesian shore at which point the smugglers jumped out of the boat and ran off.

“We were so exhausted we just collapsed on the sand with no energy to get up.”

The most stressful time in this period is the psychological stress. You are unaware of your future. You have risked your life and now you are in limbo.

Scholarships not only enable and widen access and encourage excellence, they generate pride and reputation for scholars, their families and the Faculty. The First in the Family Scholarships were established by the Faculty of Business and Economics in 2011 to provide financial support to students who are the first in their families to attend university. Generous donations from alumni and friends have enabled 18 students to be awarded a First in the Family Scholarship. Eoin Hahessy tells the amazing story of one of our student recipients.

From a smuggler’s boat to a scholarship

oUR vISIoN

Emad Zarghami

Arrested by Indonesian authorities Emad and his family would spend three months in a detention centre.

“Conditions were horrendous as was the food. All we got initially was noodles. When we complained we got a small portion of rice and chicken for breakfast, lunch and dinner.”

Determined to escape these conditions and to get to Australia, Emad’s family would make a second harrowing attempt

on a smuggler’s boat. Again at night 60 people set off in a small smuggler’s fishing boat. After a day at sea there was a dispute over the direction that the smugglers were taking.

“Twice on the boat the smugglers

demanded more money from us. Then a Vietnamese couple realised the smugglers were taking us in the wrong direction and after an argument the couple took over the navigation of the boat and brought us in the direction of Australia.”

At Ashmore Reef the Australian Navy would intercept the smuggler’s boat and Emad and his family were taken to the Woomera Detention Centre in South

Australia. They would spend six months in this centre and it left an indelible mark on Emad’s psyche.

“The most stressful time in this period is the psychological stress. You are unaware of your future. You have risked your life

The Campaign for the University of Melbourne has recently been launched with the aim of raising $500 million to change the lives of future generations. If you would like to read more about the Campaign and its priorities please visit campaign.unimelb.edu.au.

To discuss supporting a First in the Family Scholarship or another giving opportunity, please contact Stephen May, Director – Advancement, on may.s@unimelb.edu.au or +61 3 9035 3547.

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chancellor’s circle

Thank you for your support!

The University of Melbourne Advancement Office

Tel +61 3 9035 4054 Fax +61 3 9348 0013

Email gift-processing@unimelb.edu.au

web www.unimelb.edu.au/alumni/giving

You can also donate online at www.unimelb.edu.au/alumni/giving

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chancellor’s circle

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Donations of $2 or more to University of Melbourne initiatives in Australia are tax-deductible for Australian tax payers. ABN: 84 002 705 224 The information on this form is being collected by the Advancement Office at the University of Melbourne. You can contact us on +61 3 8344 1751. The information is being collected for the purpose of processing your gift and updating your contact details on the University’s relationship management database. You can access any personal information the University holds about you. The information will be used by authorised staff for the purpose for which it was collected and will be protected against unauthorised access and use. The University has a detailed Privacy Policy and you can contact the Privacy Officer (privacy-officer@unimelb.edu.au) with any question about how the University deals with personal information. See: www.unimelb.edu.au/unisec/privacy/

1306E

and now you are in limbo. While we were there several suicide attempts occurred as people jumped off roofs and sewed their lips together.”

After securing refugee status Emad and his family were allocated to move to Canberra. Emad was six years of age, had missed a year of school and now was in a new country that spoke a language that was alien to him. Yet the challenges for Emad and his family would increase. In the 2003 bushfires that swept Canberra, Emad’s mother suffered severe smoke inhalation and his family were lucky to survive.

With his father in constant search for work Emad had to continuously move schools and cities. In 2004 he and his family moved to Melbourne. It was here that a sense of normality returned, allowing Emad to obtain the grades to receive a First in the Family scholarship to study the Bachelor of Commerce.

The First in the Family Scholarships, which provide financial support for the three years of the degree, are awarded to BCom students who will be the first in their family to attend university and who have experienced disadvantage.

For Emad the scholarship has given a lot more than financial support.

“The scholarship not only relieves the financial stresses but also provides you with a little peace of mind that somebody out there believes in you. It gives you that motivation to hold yourself accountable and to not only make your family proud but to not let those down who gave you this opportunity, and to strive to be better.”

Half-way through his first year studying the BCom at the University this inspiring 18-year-old sees the value of his education to date not just in what he is learning, but in the experience he is having.

“I feel like I am learning things that are not just applicable in the world of business but are applicable in my daily life. That is the real value of my degree so far.”

This article originally appeared in Voice, Vol. 9 No. 6.

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doNoR RoLL of hoNoURThe support of our donors enables the Faculty of Business and Economics to deliver the highest standard of education excellence – thanks to an extensive scholarship program, state-of-the-art teaching and learning facilities, and world-class academics. We would like to thank the following people – and also those who wish to remain anonymous – for their donations and support during 2012/2013 and commitment to the future development of the Faculty:

Professor Margaret A. AbernethyMr Alex AbernethyMrs Fiona C. Adler & Mr Ross Adler ACMrs Jacinta Agostinelli & Mr John AgostinelliMr Adrian G. AldousMs Elizabeth A. Alexander AMMr Edgar B. AlleyMr Charles M. AmalfiMr Thindika R. AmarasekaraProfessor Ray H. AndersonMs Jannifer Andrews & Mr Duncan G. AndrewsMr Shin Khoon AngMs Clare E. ArmstrongMrs Emily W. AuMs Aurora AylwardMs Kathryn M. AzcueMs Marnie A. BakerMr Michael BaldwinMr Steven BanksMr Angus J. R. BarkerMrs Susan BarkerMr Ross E. BarkerMs Stephanie L. Barr Ms Anthea S. BarryMr Paul M. BassatMr Andrew BatsakisMr Craig BellProfessor Simon J. BellMr Christian D. BennettMr Paul L. BergerYB Dato’ Sri Mustapa Bin MohamedMr Patrick G. BolandMr Trevor N. BradleyMr Phillip BradleyMr Bruce BrayMr Andrew BrecklerMr Brendan BrittenMr C. H. Roger BrookesMs Fiona J. BrownMr Kester C. BrownThe Hon. John M. BrumbyEmeritus Professor Maureen Brunt AO

Mr Nicholas R. BullMr Anthony R. BurgessMr David S. BurnetMr Frank L. BurnsMrs J. M. CampainMr A. Leslie CampainMr Terrence A. Campbell AOMrs Christine J. CampbellMs Clare V. CannonMrs Rose-Mary J. CassinMr Siew Wong ChanMr John R. ChanterMrs Betty V. W. ChenMr Jason A. M. ChengMr Mark Z. ChibaMs Lisa Herrell ChibaMs Ai-Ling ChinMr Raymond P. ChooMr Lai K. ChuahMr Terry ClarkeMr Ivan N. ClyneProfessor Deborah Cobb-ClarkMrs Christine A. Collingwood & Mr John S. CollingwoodThe Hon Peter Collins AM QCMr Jonathan R. CosgroveMrs Julie Ann Cox & Mr Laurie Cox AOMr Keith CrawfordMs Patricia A. CrossMrs Amy V. Crutchfield & Mr Philip D. Crutchfield SCDr Jason G. CullenMs Clare L. CumminsMs Sue Cunningham & Mr Howard MooreMr William CushingMs Carolyn V. DellerMr Anthony J. Di PietroMs Vivien Dickson & Professor David C. DicksonMr Chris DobbMrs Alice Y. Dobes & Dr Leo Dobes

Mr Gregory J. DoyleMr Craig M. DrummondMr Alan T. DunnMs Paula J. DwyerMs Judy EeMr Bryce G. FergusonMr Ricardo M. FerreiraMr Patrick F. FitzpatrickMs Kaye M. FletcherMr Thomas S. FongMr Eric R. ForrestMr Timothy M. FreerMs Yun-Man FuMrs Pauline GandelMr John A. Gandel AOProfessor Ross G. Garnaut AOMr James A. GatehouseMs Gloria E. Goh & Mr Sunny C.H. LeeMr Lige GongMr Timothy A. GoughMrs Isabella F. Green OAM & Mr Richard R. GreenMr Timothy D. GreeneMr Jeffery GreenbergMr Ken M. Grenda AMMr Ronald J. GriffinMrs Alexandra J. Grimwade & Mr Fred S. GrimwadeMr Peter J. Gunn AMMrs Rae GunnMr Eric R. GwytherMr Barry J. HamiltonMrs Jennifer J. HamiltonMrs Barbara J. Hammon & Mr Timothy E. HammonTan Sri Wan Azmi W. HamzahMr Charles HappellProfessor Emeritus Geoffrey Harcourt AOMrs Joan M. HarcourtMr James B. HatherleyMs Penelope B. HeardMrs Judith H. Hindle & Mr Geoffrey R. HindleMr Stephen G. HiscockMr Ian Hopkins

Mr David HowellMr Bryan B. HoyMrs Rosemary HumeMr David HumfreyMiss Kim H. HwangMr Dean R. IrelandMrs Golda Isaac & Professor Emeritus The Hon Joseph E. Isaac AOMrs Christina M. JenkinsDr Sandra L. JericevicMr Damien JohnstonMr Trevor W. JonesDr Pavithra KailasapathyMr Peter L. KeetMr Michael G. Kirk OAMMs Youngmi KwonMr Edmond K. LeeMs Trish LentiniMr Chris Leptos AMMr Jonathan K. H. LeungMr Rodd A. LevyMs Jun LiMiss Bonnie K. LiMrs Phillipa Liebelt & Mr Graeme R. LiebeltHis Honour John R. Lloyd PSMMrs Leanne LohMrs Sheila M. LoudonMr Gilbert W. LoughmanMr Ian H. LoxtonMr Mark D. LucasProfessor Bryan LukasMr Ben MacdonaldMs Ali MacLeodMr Roderick J. D. MainlandMrs Maria MakrisMr Christopher MakrisMs Natasha MandieMr Stephen J. Mason OAMMr Ken Mawson OAMMr Stephen MayMrs Maureen T. McAllisterMr Donald O. McAllisterMrs Meg E. McConaghyMr Deryl R. McConaghyMr William D. McFadyen

Mrs Marie T. McIlwainMr Angus McKayMr Alan J. McKayMs Frances McKayMs Rosemary McKenzieMs Michelle E. McLeanMr Terence V. McMahonMr John M. McMahonMr Andrew S. McNeilMr Peter MeurerMr Gene MichenerMr John MicklewrightMr Anthony J. MillerMr Gordon J. MilneMr Kenneth J. MoncrieffMs Sarah F. Morgan & Mr Ashley P. WilliamsMrs Elizabeth MorganMr Richard M. Morgan AMMr Hugh M. Morgan ACMr Peter E. Morriss OAMDr Rosemary A. Mulraney & Colonel Paul Mulraney CSCMr Leo J. MurphyMr Bruce L. MurrayMr Baillieu Myer ACMs Annabel R. Myer & Mr Rupert Myer AMMrs Sarah J. MyerMrs Gayle D. NadalinMs Nicky N. NeighbourThe Newlan FamilyMr Victor NgoMs Phuong C. NguyenMr Gregory J. NielsenMr Denove NoMr Philip M. NormanDr William E. NortonMr James H. NottMr Brendan O’BrienMr Thean C. OoiMr Tom OrangeMrs Marion O. PageMr Edwin J. ParkerDr Lyndal J. Peake & Mr Tony PeakeMrs Ruth PerkinsProfessor Emeritus James O. Perkins

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excellence opportunity innovationMs Cate F. PickettMr Julian C. PolicMr Denis T. PotterMr Douglas G. Poulter AMMr Joseph T. ProwseMr Yak Y. QuekDr Tjahaja J. L. RiadyMr Stephen H. RobertsMr Emile RochmanMr Michael J. RyanMr Burnett P. RymerMr Barry A. SaundersMr Derek SawerMr Brady ScanlonMr Pieter C. ScheffersMs Anna Scott & Mr Peter ScottMr John O. SeviorMr John W. ShawThe Hon. Jim ShortMr Rodney G. SimsMr Geoff SladeMr Maurice SmithProfessor Richard F. SouthbyMrs June Spiers & Captain John W. Spiers AMMs Joan M. SpillerMr Barry J. StagollMr Rohan L. StantonMr Selby K. Steele AMMr John I. StragalinosMr Scott M. TannerMr Murli K. ThadaniMrs Padma ThadaniMr Paul Thorpe-AppsMrs M. R. ToppMr Alan G. ToppMs Nancy TripodiMr Andrew G. TullochMr Darrell A. WadeMr Sam Walsh AOMr Christopher J. WarrellMr Geoffrey C. WebsterMr Bruce C. WeedenMr Eric H. WelshMrs Janet B. West AMMr Jamie Westlake

Mr Paul L. Wheelton OAMDr Dinuka T. WijetungaMrs Elizabeth WilliamsProfessor Philip WilliamsDr Lynne S. Williams & Professor Ross A. Williams AMMr David A. WilliamsonMr Wong Tat ChuenMr Kingston WongMr Alan WongMr Yu T. WongProfessor Emeritus Ken WrightDr Gang WuMiss Henrietta YapDr Peter W. Yates AMMiss Sigourney R. YoungMs Brooke M. Young & Associate Professor Charles G. YoungMr Cheng Yuen ChengMr Nick Zisis

We would like to thank and acknowledge the support of the following Trusts and Foundations:A.G. Whitlam Trust A.C. Morley (Trust) The Aranday FoundationAustralian Chamber of Manufactures Australian Industrial Relations Commission (Trust)Bennelong Foundation The Bertalli Family Foundation Charles Sindrey (Trust)David Finch Lectureship FundDawn Wade FoundationDesmond J. Cleary TrustDouglas Family Scholarship 2012Drummond Foundation Pty LtdEric J. Ingram BequestFoenander Industry Relations FundFrancis J Wright (Trust)

Helen Mckay Memorial (Trust)The Ian Potter FoundationIan Purves MacNeil Memorial (Trust)J.F. Major Memorial (Trust)J.R. Kinsman Fund Jean Polglaze Memorial (Trust)Katharine Woodruff Memorial (trust)Lou Goldberg (Trust)The Myer FoundationP. & S. Bassat Family Charitable FoundationPaton Advertising (Trust)Rae and Peter Gunn Family Foundation The R.I. Downing FellowshipsRonald Henderson Research FoundationState Chamber of Commerce (Trust)UBS Australia Foundation Pty LtdThe William Buckland FoundationWilliam Noall & Son (Trust)Wyselaskie (Trust) The Yulgilbar Foundation

We would also like to thank and acknowledge the support of the following organisations:AAMIActuarial FoundationActuaries Institute Australia AIA AustraliaANZANZ Trustees LimitedAscianoAustralian Finance Conference Australian Learning and Teaching Council

Australian SuperBain & Company Bank of America Merrill LynchBendigo & Adelaide BankBennelong GroupBooz & Co Challenger LimitedCitiClayton UtzColonial LimitedCommercial Traveller’s Association CommInsure Commonwealth Bank of AustraliaCPA AustraliaCrown LimitedDeloitte Department of Primary IndustriesDepartmentof Treasury & FinanceDeutsche Bank Economic Society of Australia EgonZehnderEnergy AustraliaErnst & YoungFederation CentresFidante PartnersFinancial Management Association of Australia (FMAA)Financial Services Institute of Australasia First Exar Pty LtdFlagstaff Partners FMAAFord Motor Company of AustraliaForethought Franklin Templeton InvestmentsFund Executives Association LtdGandel GroupGHDGilbert + TobinGoldman SachsGrant Samuel

Henry Berry and CompanyHerbert Smith FreehillsHSBCInstitute of Chartered Accountants AustraliaKing & Wood MallesonsKordaMenthaKPMG Macquarie GroupMassachusetts Institute of TechnologyMcGrathNicolME BankMinter EllisonMMG LimitedMutual Trust Pty LtdMyerThe Myer Family CompanyNational Australia BankOracle Pacific BrandsPhilip Brass ConsultantsPitcher PartnersPPB AdvisoryPrime Value Asset Management Ltd Rio TintoRSM Bird CameronSeven West Media SG Hiscock & Company LtdSMS Management & TechnologySociety of ActuariesSothertons Sports Administration and Development LtdTaylor Fry Toll HoldingsTowers Watson Treasury Wine EstatesVictorian Employers’ Chamber of Commerce & IndustryWatson Wyatt AustraliaWesfarmersWestpac

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UpcoMINg EvENTS

ALUMNI EvENTS

Below: Brooke Fielding, Matthew Kidd and Brittany Hancock at the Young

Alumni ‘Meet the Entrepreneur’ event

John Farquhar and Nick Anthony at the Young Alumni ‘Meet the Entrepreneur’ event

REUNIoNS25 July 2013

1980s Commerce Alumni Reunion ReceptionA reunion for alumni who started their degree at the Faculty in 1980sVenue: Ian Potter Museum of Art, University of Melbourne, 800 Swanston Street, Carlton TiMe: 6.30pm to 9.00pm

15 August 2013

1990s Commerce Alumni Reunion ReceptionA reunion for alumni who started their degree at the Faculty in 1990sVenue: University House @ Woodward Conference Centre, Level 10, 185 Pelham Street, CarltonTiMe: 6.30pm to 9.00pm

29 August 2013

1970s Commerce Alumni Reunion ReceptionA reunion for alumni who started their degree at the Faculty in 1970sVenue: Ian Potter Museum of Art, University of Melbourne, 800 Swanston Street, Carlton TiMe: 6.30pm to 9.00pm

3 October 2013

50+ Golden Alumni Celebration LuncheonA reunion for alumni who graduated 50 or more years ago Venue: Wilson Hall, University of Melbourne (Parkville)TiMe: 12noon to 2.30pm Please note: Commerce alumni who completed a degree in 1973 or earlier are invited to join this special celebration which will replace this year’s 40+ Reunion Luncheon for Commerce Alumni.

INTERNATIoNAL ALUMNI EvENTS11 July 2013

Alumni Reception in BangkokSPeAKeR: Dr Bryan LimTiTLe: The young or the rich: who will pay for the future?Venue: tbcTiMe: 6.30pm to 8.30pm

21 August 2013

Alumni Reception in LondonHOST: Professor Paul Kofman, DeanVenue: Downer Room, Australia House, Strand, LondonTiMe: 6.30pm to 9.00pm

17 October 2013

China Annual Dean’s Dinner – ShanghaiHOST: Professor Paul Kofman, DeanTiMe: 7.30pm – 10.00pmVenue to be confirmed

22 October 2013

Public Lecture in BeijingSPeAKeR: Professor Ross Garnaut AO, Vice-Chancellor’s Fellow and Professorial Fellow in Economics, University of Melbourne Venue: Junding Huayue ClubTiMe: 7.30pm – 10.00pm

22 October 2013

China Annual Dean’s Dinner – BeijingHOST: Professor Paul Kofman, DeanVenue: The Silver Room, Capital M BeijingTiMe: 7.30pm – 10.00pm

YoUNg ALUMNI EvENTS12 September 2013

Young Alumni career panel eventSpeakers and venue to be confirmed

COMMERCE BALL REUnIOnThis special event, run by the Young Alumni committee, is being planned for the first time in 2013!

PROPOSeD DATe: Friday 18 October 2013

PROPOSeD TiMe: 7.00pm for 7.30 start

PROPOSeD Venue: Langham Ballroom

PROPOSeD PRiCe: $138 per person (incl. 3 course dinner and drinks)

PROPOSeD DReSS: Black Tie

Enquiries and suggestions to youngalumni-fbe@alumni.unimelb. edu.au

Register interest at the ‘Commerce Ball Reunion (UniMelb)’ Facebook event page

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ALUMNI MASTER cLASS SERIES7 August 2013

‘Performance Management: Placebo, Panacea or Plain Hard Work?’

SPeAKeR: Professor Michelle Brown, Department of Management & Marketing Venue: CQ Functions, Event Room 3, 113 Queen St, MelbourneTiMe: 6.00pm – 8.00pm

19 november 2013

‘innovation Policy: What is the Role of Government?’

SPeAKeR: Professor Paul Jensen, Melbourne Institute Venue: CQ Functions, Event Room 3, 113 Queen St, MelbourneTiMe: 6.00pm – 8.00pm

Please refer to the online events calendar for further details on all events as they become available: fbe.unimelb.edu.au/alumni/events

pUbLIc LEcTURES1 August 2012

Downing Lecture 2013, “Time: How we can get it to be on our side”SPeAKeR: Professor Daniel Hamermesh, University of TexasVenue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, CarltonTiMe: 6.30pm

5 September 2013

innovation Lecture 2013SPeAKeR: Dr Alex ZelinskyVenue: Theatre GM15, Law School Building, 185 Pelham Street, CarltonTiMe: 6.30pm

11 September 2013

Foenander Lecture 2013SPeAKeR: Professor Sue Richardson, Principal Research Fellow at the National Institute of Labour Studies, Flinders University.Venue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, CarltonTiMe: 6.30pm

19 September 2013

Freebairn Lecture in Public Policy 2013SPeAKeR: Professor Stephen King, Monash UniversityVenue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, CarltonTiMe: 6.30pm

9 October 2013

Corden Lecture 2013SPeAKeR: Professor John Martin, Director for Employment, Labour & Social Affairs, OECDVenue: Carrillo Gantner Theatre, Sidney Myer Asia Centre, Corner Swanston Street & Monash Road, University of MelbourneTiMe: 6.30pm

12 november 2013

inaugural Professorial Lecture SPeAKeR: Professor Jane Lu, Riady Chair in Asian Business and Economics, University of MelbourneVenue: Carrillo Gantner Theatre, Sidney Myer Asia Centre, Corner Swanston Street & Monash Road, University of MelbourneTiMe: 6.30pm

If you would like to be added to the Business and Economics public lecture advance notification list, please send an email to fbe-lectures@unimelb.edu.au with ‘Add to public lecture mailing list’ in the email subject field.

MELboURNE INSTITUTE hILdA SURvEY RESEARch coNfERENcE 20133 October and 4 October 2013

The aim of the conference is to provide a forum for the discussion of research based on the Household, Income and Labour Dynamics in Australia Survey.

Attendance at the conference is open to all, but should be of special interest to both users of the HILDA Survey data and persons with an interest in the outcomes from longitudinal survey research in the broad fields of economic and social policy.

Venue: The University of Melbourne

For further details about any Melbourne Institute events, please visit the Institute’s events page at www.melbourneinstitute.com/miaesr/events or contact Penny Hope, Functions Manager, Melbourne Institute on +61 3 8344 2151 or melb-conf@unimelb.edu.au.

image © James Rule

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The Campaign for the University of Melbourne will enable us to provide a global environment which will attract and inspire the brightest minds to learn, teach, research and make positive contributions to our national and international communities. It is the most ambitious such initiative undertaken in our 160 year history. Your support will ensure our work is world class, accessible and benefits present and future generations. For more information, please visit campaign.unimelb.edu.au

Ms Elizabeth Alexander AMChancellor

(B.Com. 1964)

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