now who owns CAMS

[Matthew Ronke]

MNEWS is suggesting that there will be a name change coming for CAMS to Motorsport Australia. A quick ASIC search Link shows that it has been registered by CAMS but CAMS which is currently a limited group i.e member based to a Pty Ltd i.e shareholder based. CAMS spruiked on about how its a member based organisation when AASA was formed, So I must now ask who will own CAMS ????

[touring fan01]

Relax....its very, very common for member-based organisations to be formed into Pty Ltd's. In fact it's quite uncommon nowadays for member-based organisations NOT to be formed into P/L companies.

There are legal mechanisms for them to do so, whilst still ensuring the members are the beneficial owners of the shares.

[NewsStalker]

Only one problem with this Matthew - the P/L company has been registered for a short time now though - so nothing new - short? Oh, only since 1982!!!

Registration Date 11/02/1982

And if you care to read it properly, the former name wasn't CAMS but:

Former Name(s) CAMS MOTOR SPORT SERVICES PROPRIETARY LIMITED

itself another P/L.

Think the firies got here before you to put out the fire where there wasn't any smoke.

[PVDA]

Gee that could've been handy in that the 4 wheel & two wheel sports bodies would've had the initials MA.

Especially as both groups seem to have similar problems........

[Matthew Ronke]

Originally Posted by touring fan01

Relax....its very, very common for member-based organisations to be formed into Pty Ltd's. In fact it's quite uncommon nowadays for member-based organisations NOT to be formed into P/L companies.

There are legal mechanisms for them to do so, whilst still ensuring the members are the beneficial owners of the shares.

They usually become Limited by guarantee for member based organisations and most have changed over from an incorporated association. This is CAMS current structure CAMS Limited. Whilst nothing is confirmed CAMS looks like it will become limited by Shares.

The organisations that have gone down this path have in a sense demutualised. Where each members receives shares based on a formula. From memory the Insurance arm of NRMA did this. The shares then become tradable commodities.

But from the look of the information available CAMS are rolling over an old company and dropping their Limited organisation (members based) into the Pty Limited Company (share based).

Moving to a Pty Limited will mean they are a taxable entity. It will mean they will loose there approx $700k a year from the Sports Commission. The only advantage I can see is too either get away from the membership base or they are looking to sell a part or all of the structure to individuals or another organisation.

[NewsStalker]

Matthew - why are you trying to push this? You implied in your original post that this is something new - yet you ignore the fact the Pty Ltd company has been around for 27 years.

Are you trying to make a mountain out of a molehill using (very) old informaiton or has this something to do with recent events in Parramatta?

[Matthew Ronke]

Originally Posted by NewsStalker

Matthew - why are you trying to push this? You implied in your original post that this is something new - yet you ignore the fact the Pty Ltd company has been around for 27 years.

Are you trying to make a mountain out of a molehill using (very) old informaiton or has this something to do with recent events in Parramatta?

CAMS the corporate body tried to change the constituition last year to take away conrol of the organistation by its members. They failed and it was voted down from what I believe, by nearly every state. Now it seems they are firing up an old body which you have worked out, Kudos to you for that, which is shareholder based and not membership based. Hence making the move that was voted down by its membership by stealth.

But I could be wrong and have my mountains mixed up with my Mole Hills.

[FalconEL]

Originally Posted by NewsStalker

Matthew - why are you trying to push this? You implied in your original post that this is something new - yet you ignore the fact the Pty Ltd company has been around for 27 years.

Are you trying to make a mountain out of a molehill using (very) old informaiton or has this something to do with recent events in Parramatta?

Do you think? Any excuse for a CAMS bash I guess. No doubt the cavalry will predictably jump on the bandwagon with you shortly.

Move along, nothing to see here.

[NewsStalker]

Originally Posted by FalconEL

Do you think? Any excuse for a CAMS bash I guess. No doubt the cavalry will predictably jump on the bandwagon with you shortly.

Move along, nothing to see here.

Agree completely - which is why I asked why the sudden interest in a company formed 27 years ago!

[Silver 3]

Mathew are you suggesting CAMS is trying to protect us from ourselves?

[touring fan01]

Mathew is a long-time CAMS basher......I think its his hobby.

[Matthew Ronke]

Originally Posted by touring fan01

Mathew is a long-time CAMS basher......I think its his hobby.

So you mean there is no reward money

[Matthew Ronke]

I don't know if there is a reward for this one either but here it is

from the recent CAMS summit September 2009.

Recognising the changed emphasis of the organisation as we move forward
and the general trend in almost all of Australia’s National Sporting
organisations (NSO’s) it is appropriate to ask the questions:
• Is the current organisation title and branding applicable for the
future or is it outdated and has served its purpose?
• Is it time for renewal in order to align with the new strategic
direction of the organisation and attract a different demographic,
enhanced public profile and general support (including
sponsorship)?
Whilst this topic is very sensitive and will not be resolved at this Summit
and requires significant consultation and ongoing consideration, this is the
type of subject that should be explored at these types of events within
organisations to get a feel of the appetite to change.
Consideration of this issue also needs to be seen in the context of the new
core purpose of the organisation, moving forward.

and

Whilst not the intent of this session, a number of potential new titles for
the organisation were suggested, including:
• Motor Sport Australia
• Motoring Australia
• Australian Motor Sport
• CARS

Summit in September and name change in April.

[Falcadore]

Originally Posted by Matthew Ronke

and name change in April.

I like the rather topical 'Society for the Unilateral Promotion of 'Roo Eradication and Motoring through the Environment', that way when the revolution comes and I become dictator I'll be able to be the SUPREME Boss.

[NewsStalker]

Matthew - have you checked undet the bed lately (or should that be - how many times did you heck under the bed last night?)?

You do realise that if ANY of the businesses you are involved in ever decide to change their names the word hypocrit will spring readily to mind?

(BTW - how many name changes has Bob Jane gone through at Calder for 'various reasons'? Should those be dredged up and discussed as well - after all - where's there's smoke there's fire isn;t there???)

[BFC]

sounds like newstalker is jacked off with someone or an organization

[NewsStalker]

No - like others just fed up with hearing of problems where there are none. First it's about a name change that happened 27 years ago and now its about a business looking to evaluate its position in the marketplace for the future. I just find it very odd that Matthew is bringing these two items out when one of the stalwarts of AASA has undergone more name changes than Michael Jackson had facial surgery.

[BFC]

AAAAHHHH......so its sour grapes with winton raceway ...........GOTCHA

[Tourer]

Originally Posted by BFC

AAAAHHHH......so its sour grapes with winton raceway ...........GOTCHA

Ahh Dude - I think that you'll find that the AASA Stalwart referred to owns a racetrack much closer to Melbourne than Winton.

[NewsStalker]

BFC - not sour grapes at all - read what I said. Couldn't care whether it is Matthew Ronke or Tiny Tim making the statements at the start of this thread - but to make the kind of accusations Matthew did without checking his facts first doesn't do him any good with his CAMS bashing either. To be honest, I expected more of him.

And just to back up what I said about other name changes - this is the list of names Calder Park Motorsport Pty Ltd has gone through (check it on ASIC if you think this is made up - http://www2.search.asic.gov.au/cgi-b...=ACN&srchsrc=1 - hope that goes to the right page - if not - search on Calder Park Motorsport Pty Ltd

Former Name(s) ZEDBACK PTY. LTD.
CALDER PARK RACEWAY PROPRIETARY LIMITED
KEILOR INTERNATIONAL RACEWAY PTY. LTD.
MELBOURNE INTERNATIONAL RACEWAY PTY. LTD.
CALDER RACEWAY INVESTMENTS PROPRIETARY LIMITED
CALDER COLISEUM PTY. LTD.
CALDER RACEWAY INVESTMENTS PROPRIETARY LIMITED

And even the Calder Park Motorsport Club (under administration though)

Former Name(s) AUSTRALIAN MOTORSPORT CLUB LIMITED
CALDER PARK MOTOR SPORTS CLUB LIMITED
THE AUSTRALIAN MOTOR SPORTS CLUB LIMITED

[Trevor]

Sorry, this isn't about Bob, please stay on topic

[NewsStalker]

Give it a break trev - its about credibility. I'm sure you know al bout that?

Next topic.

[B24]

It sounds like more than a name change.
If it is something that will effect people who will support and operate within CAMS,perhaps its should be discussed.
Doesnt matter who has raised the issue but what has been raised.

Will it cost more money to competitors if there is a change?
Will it end up in the hands of oversea's investors?
Will it allow CAMS to almagamate with AASA?
Could AASA buy into then have a controlling interest in CAMS which may have positive and negative effects on events?

This subject is not closed

[Trevor]

Originally Posted by NewsStalker

Give it a break trev - its about credibility. I'm sure you know al bout that?

Yeah thanks Stephen, how about your own

[Trevor]

Originally Posted by B24

Could AASA buy into then have a controlling interest in CAMS which may have positive and negative effects on events?

Goddam, that would be an interesting outcome -