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1.2 Variations in LSO s

1.2 Variations in LSO s. Corporations. A corporation is owned by shareholders and aims to make a profit. Public companies are traded on the ASX and anyone can purchase shares. Eg BHP, Westpac

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1.2 Variations in LSO s

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  1. 1.2 Variations in LSOs

  2. Corporations A corporation is owned by shareholders and aims to make a profit. Public companies are traded on the ASX and anyone can purchase shares. Eg BHP, Westpac Private companies are NOT traded on the ASX and owners must be invited to buy shares. Pty Ltd after name. Government Business Enterprise (GBE) is owned and operated by the Government but are run like companies. Eg Australia Post, Medibank Private.

  3. Government Departments • Can exist at all three levels of government. • Provide essential community services. • Examples include: • Department of Foreign Affairs and Trade • Department of Education and Early Childhood Development

  4. Not-for-profit organisation Includes Charities and Foundations. Main purpose is to provide goods, services or funds to prevent particular social problems or to continue their work for the benefit of the community (to further a cause). Examples include; Salvation Army, McGrath Foundation etc.

  5. Public Private Partnerships (PPP) • Corporations invest in public infrastructure • Government retains responsibility of delivery of service • Eastlink is an example

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