Gold Corporation

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Gold Corporation is an Australian company owned by the Government of Western Australia, established by the Gold Corporation Act 1987, [1] with a mandate to operate the Perth Mint, market Australian gold, and other related activities. [2]

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Perth City in Western Australia

Perth is the capital and largest city of the Australian state of Western Australia (WA). It is Australia's fourth-most populous city, with a population of 2.1 million living in Greater Perth in 2018. Perth is part of the South West Land Division of Western Australia, with most of the metropolitan area on the Swan Coastal Plain between the Indian Ocean and the Darling Scarp. The city has expanded outward from the original British settlements on the Swan River, upon which the city's central business district and port of Fremantle are situated. Perth city is located on land on which the Whadjuk Nyoongar, the Aboriginal people of the south west of Western Australia, have lived for at least 38,000 years.

Local government areas of Western Australia

The local government areas of Western Australia (LGAs) are those areas, towns and districts in Western Australia that manage their own affairs to the extent permitted by the Local Government Act 1995. The Local Government Act 1995 also makes provision for regional local governments (referred to as "regional councils", established by two or more local governments for a particular purpose.

Dirk Hartog

Dirk Hartog was a 17th-century Dutch sailor and explorer. Dirk Hartog's expedition was the second European group to land in Australia and the first to leave behind an artefact to record his visit, the Hartog Plate. His name is sometimes alternatively spelled Dirck Hartog or Dierick Hartochszch. Ernest Giles referred to him as Theodoric Hartog. The Western Australian island Dirk Hartog Island is named after Hartog.

The West Australian, widely known as The West, is the only locally edited daily newspaper published in Perth, Western Australia, and is owned by Seven West Media (SWM), as is the state's other major newspaper, The Sunday Times. The West is the second-oldest continuously produced newspaper in Australia, having been published since 1833. The West tends to have conservative leanings, and has mostly supported the Liberal–National Party Coalition. It has Australia's largest share of market penetration of any newspaper in the country.

Western Australian Legislative Assembly

The Western Australian Legislative Assembly, or lower house, is one of the two chambers of the Parliament of Western Australia, an Australian state. The Parliament sits in Parliament House in the Western Australian capital, Perth.

Royal Australian Mint

The Royal Australian Mint is the sole producer of all of Australia's circulating coins. Opened in 1965 and situated in the Australian federal capital city of Canberra, in the suburb of Deakin, the Mint is also a very popular tourist destination for visitors and locals alike.

Norseman, Western Australia Town in Western Australia

Norseman is a town located in the Goldfields-Esperance region of Western Australia along the Coolgardie-Esperance Highway, 726 kilometres (451 mi) east of Perth and 278 metres (912 ft) above sea level. It is also the starting point of the Eyre Highway, and the last major town in Western Australia before the South Australian border 720 kilometres (447 mi) to the east. At the 2016 census, Norseman had a population of almost 600.

Western Australian Legislative Council

The Western Australian Legislative Council is the upper house of the Parliament of Western Australia, a state of Australia. It is regarded as a house of review for legislation passed by the Legislative Assembly, the lower house. The two Houses of Parliament sit in Parliament House in the state capital, Perth.

The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 120 oz, 110 oz, 14 oz, 12 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold. They have legal tender status in Australia and are one of few legal tender bullion gold coins to change their design every year, another being the Chinese Gold Panda. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of gold used.

Perth Mint Swindle

The Perth Mint Swindle is the popular name for the robbery of 49 gold bars weighing 68 kg from the Perth Mint in Western Australia on 22 June 1982. The bullion was valued at A$653,000 at that time. As of 8 January 2018, the value of the 68 kilograms of gold would approach AUD $3.7 Million.

Perth Mint

The Perth Mint is Australia's official bullion mint and wholly owned by the Government of Western Australia. Established on 20 June 1899, two years before Australia's Federation in 1901, The Perth Mint was the last of three Australian colonial branches of the United Kingdom's Royal Mint intended to refine gold from the gold rushes and to mint gold sovereigns and half-sovereigns for the British Empire. Along with the Royal Australian Mint, which produces coins of the Australian dollar for circulation, The Perth Mint is the older of the two mints issuing coins that are legal tender in Australia.

WA Inc

WA Inc was a political scandal in Western Australia. In the 1980s, the state government, which was led for much of the period by premier Brian Burke, engaged in business dealings with several prominent businessmen, including Alan Bond, Laurie Connell, Dallas Dempster, John Roberts, and Warren Anderson. These dealings resulted in a loss of public money, estimated at a minimum of $600 million and the insolvency of several large corporations.

The Perth Mint Certificate Programme allows individuals, and corporations to own investment grade gold, silver and platinum bullion stored in vaults in the Perth Mint of Western Australia. The bullion is stored in a government mint and insured by Lloyd's of London. The programme is guaranteed by the Government of Western Australia which is currently rated as AA+ by Standard and Poor's and Aa1 by Moody's Investor Services.

History of Perth, Western Australia

Perth was founded by Captain James Stirling in 1829 as the administrative centre of the Swan River Colony. It gained city status in 1856 and was promoted to the status of a Lord Mayorality in 1929. The city inherited its name due to the influence of Sir George Murray, then Member of Parliament for Perthshire and Secretary of State for War and the Colonies.

Platinum Koala

The Platinum Koala is an Australian platinum bullion coin minted by the Perth Mint and is the most famous series of platinum coins of Australia. The Platinum Koala is notionally legal tender, that is a legal means of payment.

Formed in Perth, Western Australia in October 1984, the John Curtin Foundation was a fundraising organisation for the Australian Labor Party which attracted the sponsorship of a powerful group of wealthy businessmen, placing them in a privileged circle with direct access to both the Australian prime minister Bob Hawke and the state premier Brian Burke. The foundation was an early step to the creation of a unique network of corporate and government co-operation which was dubbed WA Inc by news media. Its two vice-patrons were Kim Beazley, senior, a former Whitlam Government minister, and Mick Michael, an electrical contractor and former lord mayor of Perth. The executive-government patronage of business was similar to Peronism in Argentina. It caused multiple financial disasters, leading to a royal commission which exposed and condemned the corruption.

The Western Australian Development Corporation (WADC) was a trading corporation established in 1983 by the first Burke Ministry of Western Australia. It enabled the state Labor government to involve itself in large-scale business transactions without the normal transparency and accountability of government-guaranteed corporations, and was part of what became known as WA Inc. It appointed John Horgan chairman on a salary of $800,000 p.a., and formed subsidiaries including Exim Corporation which sought to create and exploit export markets for education and other products. The enabling Act provided that "(4.3) The Corporation is an agent of the Crown in right of the State and enjoys the status, immunities and privileges of the Crown..." while "(4.4) Notwithstanding subsection (3), the Corporation shall not be subject to direction by the Minister..."

[T]o make sure he kept secret the dealings of the WADC and its shady subsidiaries such as Exim Corporation, [Burke] pushed through legislation that not only gave them commercial confidentiality but unshackled them from ministerial accountability. The WADC was just one of many Burke creations synonymous with the corporatism of the WA Inc era -- a failed political strategy that folded high-risk business into unethical government and led to financial and social upheaval still resonating a quarter of a century later.

<i>The Great Gold Swindle</i>

The Great Gold Swindle is a 1984 Australian TV movie based on the Perth Mint Swindle. It was shot on location in Perth.

Hints to Prospectors and Owners of Treatment Plants was a booklet published and distributed to gold prospectors in Australia, although its original focus was Western Australia in the 1930s.

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