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Bruce Carter (businessman)

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Bruce James Carter AO (born 1958) is an Australian businessman and former member of the Executive Committee of Cabinet for the Government of South Australia. He is Fellow of the Institute of Chartered Accountants, a founding partner of the South Australian office of Ferrier Hodgson,[1] and is considered to be one of the state's most influential people.[2]

Career

[edit]

Carter obtained a degree in economics and a Master of Business Administration.[3]

He is a former partner at Ernst & Young and has worked in corporate restructuring and insolvency for over 30 years.[4] Carter has assisted many companies including Elders, Harris Scarfe and Balfours and has provided professional advice to the Government of South Australia. He also provided services to the Australian Government during its GST review. He was one of three members of its review panel, the others being politicians Nick Greiner and John Brumby.[5]

He joined Workcover as Chair in 2003, and five years later told a Parliamentary inquiry into the organisation that within the "first month of being there I realised this was an organisation out of control and that there was a lack of virtually anything you would expect to find in a statutory organisation."[6] By 2011, Carter had developed a reputation as the State Government's "Mr Fix-it".[citation needed]

Carter has served as a member of the Executive Committee of Cabinet for the Government of South Australia.[7][8][9]

Carter was appointed Chair of the Economic Development Board of South Australia in 2008.[10]

In 2008-2009, Carter was Chair of the Economic Development Board and the SA Motor Sport Board.[11] Senator Nick Xenophon drew attention to potential conflicts of interest emerging from Carter's mix of public and private sector interests in October 2010,[12] following his appointment to SkyCity Entertainment Group's board. Carter resigned from his position at the Economic Development Board in November 2010.[10] Carter retired from SkyCity's Deputy Chair position in March 2021.[13][14]

He was appointed chair of shipbuilder ASC Pty Ltd[15] in 2010 and as of 2024 retains the position.[16]

Carter was appointed Chairman of the Premier's Climate Change Council and Chairman of the board of RenewablesSA in 2011,retiring in 2018[17]

In 2013, Carter was listed as a potential alternative trustee during a legal dispute over the management of a trust fund established by mining magnate Lang Hancock and managed by his daughter Gina Rinehart.[18] Carter withdrew his nomination after the sudden death of his wife.[19]

Carter is a former Deputy Chair of Wilderness School and St Peter's College.[citation needed] He was the National President of the Heart Foundation for 4 years and was on the National board from 2000 to 2011 and the South Australian board from 1992 to 2011.[citation needed]

At 2020, Carter was Chair of the Olympic Dam Task Force Steering Committee, which became the Resource and Infrastructure Task Force[20][21] dealing with Olympic Dam (to 2014) Nyrstar in Port Pirie and GFG re the Whyalla Steelworks.[3]

He was chairman of Genesee & Wyoming Australia.[13] He was the Chair of Territory Insurance Office until 2015.,[22] He is a director of the Bank of Queensland[23] and a director of several unlisted companies,[24] including the construction company, Badge,[25] The Cohen Group of Companies,[26] AIG Australia and Sage Automation

Carter was on the board of Connecticut based Genesee & Wyoming Inc from 2018 until it was taken over by Brookfield Infrastructure Partners in 2020.[27] Following the takeover Genesee & Wyoming Australia was sold to Macquarie Infrastructure and Carter was appointed chairman of One Rail Australia. In July 2022 Aurizon purchased ORA and Carter retired from the board.

Carter was appointed to the board of Crown Resorts initially in April 2021 until regulatory approval confirming his appointment in August 2021.[28] In June 2022 Blackstone purchased Crown and Carter retired from the board.

Carter was chair of Aventus since listing in 2015, a large format retail centre REIT, 30% owned by Brett Blundy. In May 2022 Aventus was taken over by HomeCo Capital at $2.2B and the assets merged into the HomeCo Daily Needs REIT of which Carter became a director.

In November 2022, Carter became a director of Lovisa Holdings, an ASX 200 global jewellery retailer 40% owned by Brett Blundy.[citation needed]

Carter became a Trustee of the Adelaide Festival Theatre Trust, appointed by the State government, in January 2022. He was formerly a trustee in the 1990s.[citation needed]

Carter was appointed an Officer of the Order of Australia in the 2024 Australia Day Honours for "distinguished service to business, to charitable organisations, and to the community".[29]

Personal life

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Carter is an old scholar of Pembroke School, Adelaide and graduated in 1975. He has 4 adult children[30] Carter's wife died in 2013.[19] Carter remarried in November 2022.

References

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  1. ^ "Bruce Carter". Linkedin. Retrieved 10 September 2014.
  2. ^ "Power list - the 50 South Australians who have a mighty influence". The Australian. 1 June 2013.
  3. ^ a b "RESIC Membership". Department of State Development. Government of South Australia. Retrieved 8 October 2014.
  4. ^ "Biography - Bruce Carter". SkyCity Entertainment Group. Retrieved 10 September 2014.
  5. ^ "Review of GST Distribution - Review Panel". www.gstdistributionreview.gov.au. Retrieved 24 December 2017.
  6. ^ "Chairman claims he knew of Workcover problems". ABC News. 14 March 2008. Retrieved 10 September 2014.
  7. ^ "Leaders' Edge Breakfast - Risks and rewards of being a director". 3 July 2012. Retrieved 24 December 2017.
  8. ^ "Breakfast at the Next Level | Bruce Carter". www.nextlevelbreakfasts.com.au. Archived from the original on 24 December 2017. Retrieved 24 December 2017.
  9. ^ "Mr Bruce Carter". w3.unisa.edu.au. Archived from the original on 24 December 2017. Retrieved 24 December 2017.
  10. ^ a b "Head of SA's Economic Development Board quits". ABC News. 16 November 2010. Retrieved 24 December 2017.
  11. ^ Emmerson, Russell (23 September 2009). "High flyers cash up on SA Government boards". Adelaide Advertiser. Retrieved 31 December 2015.
  12. ^ "Casino board member facing 'conflict of interest'". ABC News. 14 October 2010. Retrieved 24 December 2017.
  13. ^ a b Booth, Meredith (3 August 2011). "Bruce Carter is SkyCity deputy". The Advertiser. Retrieved 7 August 2015.
  14. ^ "Chris Moller announces retirement from SKYCITY Board". SkyCity Entertainment Group. Retrieved 23 December 2017.
  15. ^ Owen, Michael (30 August 2014). "Privatise shipbuilding agency says state Labor". The Australian. Retrieved 10 September 2014.
  16. ^ "Board | About Us | ASC". www.asc.com.au. Retrieved 24 December 2017.
  17. ^ Kelton, Greg (6 June 2011). "Bruce Carter appointed as chair of South Australian climate change advisory committee". The Advertiser. Retrieved 10 September 2014.
  18. ^ "Carter may be Rinehart trustee". Retrieved 24 December 2017.
  19. ^ a b Ferguson, Adele (12 October 2013). "Family feud over matters of trust". Sydney Morning Herald. Retrieved 24 December 2017.
  20. ^ "Olympic Dam Task Force". Department of State Development. Government of South Australia. Retrieved 10 September 2014.
  21. ^ "Premier's Climate Change Council". Government of South Australia. Archived from the original on 31 August 2014. Retrieved 10 September 2014.
  22. ^ "About TIO > Board Members". TIO. Retrieved 10 September 2014.
  23. ^ "Board of Directors". Bank of Queensland. Retrieved 10 September 2014.
  24. ^ "Bruce Carter, Chairman". Australian Submarine Corporation. Archived from the original on 13 September 2014. Retrieved 10 September 2014.
  25. ^ "Our Leaders | BADGE – Your Partners in Construction". badge.net.au. Retrieved 24 December 2017.
  26. ^ "The Cohen Group of Companies - Director Summary". cohengroup.com.au.
  27. ^ Genesee & Wyoming Appoints Two New Directors to Board; Announces Upcoming Board Changes Securities & Exchange Commission
  28. ^ Upfate on Board of Directors Crown Resorts 12 April 2021
  29. ^ "Mr Bruce James Carter". Australian Honours Search Facility. Retrieved 25 January 2024.
  30. ^ Harries, Peta (11 July 2012). "Pembroke Old Scholar Bruce Carter". LinkedIn. Retrieved 10 September 2014.
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