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Market Purchase with Industry Investment — Participation
In each Fresh State of Affairs, we will provide an update on the plans behind the Market Purchase with Industry Investment. These updates will be in the order of the following areas: ¡ Opportunities and Benefits
¡ Participation ¡ Implementation If you missed reading about the Opportunities and Benefits, check out the July issue of the magazine.
Participation
¡ Participation is to be industry wide – wholesalers, growers, and retailers. ¡ Collective investment in the broader site (core trading facilities, stores and warehouse areas including expansions land) ¡ Not compulsory ¡ Investment in the broader site means the situation for stall holders remains stable.
¡ Investor base expected to include industry-based investors (e.g. growers, retailers and wholesalers) supported by large- scale investors (industry led as well as potentially some institutional backing).
There will be the opportunity for trading of units allowing participants to exit and new participants to invest over time.
¡ Investor’s objectives are aligned to achieving longterm return on investment through a prosperous, thriving industry.
CREATE A TRANSACTION AND GOVERNANCE FRAMEWORK THAT ENCOURAGES INVESTMENT BY THE WIDEST POSSIBLE RANGE OF INDUSTRY PARTICIPANTS
GREATER UNITY BETWEEN THE NATIONAL CENTRAL MARKETS
ACTIVELY PROMOTE THE MELBOURNE WHOLESALE MARKET TO ATTRACT NEW ENTRANTS ESTABLISH A SIMPLE (UNCOMPLICATED) AND EQUITABLE OWNERSHIP MODEL
FUTURE PROOF THE MELBOURNE WHOLESALE MARKET THROUGH ACCESS TO LAND FOR EXPANSION
DELIVER AN OUTCOME THAT ALLOWS THE INDUSTRY TO: • SELF REGULATE • MANAGE CHANGE • MANAGE GROWTH AND INDUSTRY DEVELOPMENT AND REPUTATION • PROMOTE ENGAGEMENT WITH FUTURE GENERATIONS AND SUCCESSION
