Page 19 - Sphere No.17 (Sep 2006)

ONTOP
SPHERE 17
AUSTRALIA IS RENOWNED across the globe for its pleasant
weather, fine wine, sporting prowess and quality lifestyle.
Underpinning its comfortable way of life is a booming econ-
omy, with 15 consecutive years of GDP growth, representing
the longest expansionary period in the country’s 105-year his-
tory. With a lifestyle that was ranked third in the United Na-
tions 2005 Human Development Report, it seems that the Aus-
tralians have mastered the delicate balance between working
and playing hard.
One of the more visible signs of this boom has been the
number of overseas companies making investments Down
Under. With about AUD12 billion (approximately USD9 bil-
lion) in assets, Hutchison Whampoa Limited (Hutchison or
the Group), together with its subsidiaries and associated com-
panies, has emerged as one of the largest foreign investors
in Australia.
Peter Tulloch, a Scottish banker who spent more than 30
years working in Asia before moving to Sydney, is chairman
of four of the Group’s in-
frastructure investments
in Australia: the Victorian
power distribution com-
Australia’s good life is a boon for business
By Nicholas Way

DOWN
The 2006 Commonwealth
Games in Melbourne boosted
Australia’s global profile.
UNDER
F O C U S