At The Star, our greatest strengths are the diversity of our people. Our success as we move towards becoming ‘Australia’s leading integrated resort company’ is underpinned by our talented teams and the unique perspectives and experiences they bring, every day.
We are committed to ensuring our culture remains welcoming, inclusive, and safe. We aim to provide our team members with an environment that is welcoming and respectful where they feel valued and able to be their best self and to make a difference within our communities, and to the guests we serve.
Our Engagement with Diversity and Inclusion Starts at the Top
Our commitment to diversity, equity and inclusion is embedded in all we do. Starting with our most senior leaders whose role is to champion our four areas of focus, we engage all team members in dedicated learning programs to help support their understanding of diversity, equity and inclusion and to remove instances of unconscious bias.
We are proud to be one of the most diverse and inclusive workplaces in Australia and encourage all our team members to participate in our core diversity and inclusion focus areas.
The Star supports four areas of focus and Team Member Working Groups: Proud @ The Star; Unity @ The Star; Women @ The Star and Aboriginal & Torres Strait Islander Reconciliation.
These focus areas aim to provide an overarching roadmap for the enhancement of diversity and inclusion initiatives across The Star to strengthen our culture of safety, equity and conscious inclusion.
Led by Executive Sponsors, our working groups provide opportunities for team members to develop their talents, to grow professionally and to have pride in contributing to an inclusive and sustainable future for The Star.
Each group works closely with management to bring our commitments to life and to increase diversity within our talent programs and leadership, and to ensure we have the right practices around our decision making to welcome, develop, retain, connect, and enable top talent.
Fosters a safe, inclusive and welcoming environment for LGBTQI team members and guests, and to enable everyone to be their best and true self.
Our target: LGBTQI-inclusive employer as measured by our increasing scores on the Australian Workplace Equality Index.
To capitalise on the cultural diversity and capability of our workforce to better service our customers, and to create and/or strengthen frameworks, policies and practices that are supportive of multicultural team members.
Our target: 20% Asian representation of leaders by 2023.
To promote gender equality in all aspects of our business by championing change and advocating opportunities for all individuals.
Our target: 45% women, 45% men in leadership role by 2023. The remaining 10% reflects scope for any gender identity, including non-binary gender identities.
The Star is committed to working towards endorsement of its draft or inaugural Reconciliation Action Plan – that will help our organisation to commit to practical actions towards reconciliation with Australia’s First Nations people.
The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.
Participation in the separate share sale facilities were open to eligible shareholders whose registered address was in Australia or New Zealand as at 7.00pm (Sydney time) on 29 March 2016 (Record Date) and who were:
On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.
Both share sale facilities closed at 5:00pm (Sydney time) on 17 May 2016 (Closing Date).
All participants who had their SGR shares sold under either the Small Holding Sale Facility or the Voluntary Share Sale Facility received the same average price of $5.51 per share, which was calculated by dividing the total proceeds from the sale of all SGR shares sold under the facilities by the total number of SGR shares sold under the facilities.
Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register.
Small Holding Sale Facility
The Small Holding Sale Facility was conducted in accordance with The Star Entertainment Group’s Constitution and the Australian Securities Exchange Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).
Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less.
Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date.
Small Holding Facility Key Dates:
Voluntary Share Sale Facility
The Voluntary Share Sale Facility was conducted in accordance with Class Order CO 08/10 issued by the Australian Securities and Investment Commission.
Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date.
Voluntary Holding Facility Key Dates:
For full details of the Small Holding Sale Facility and the Voluntary Share Sale Facility, please see the ASX Announcement dated 5 April 2016 in the News section of our website.
The demerger of The Star Entertainment Group (formerly known as Echo Entertainment Group Limited) from Tabcorp Holdings Limited (Tabcorp) was implemented on 15 June 2011 by way of Scheme of Arrangement pursuant to the Tabcorp Scheme Booklet dated 15 April 2011 (Demerger).
As part of the Demerger, Tabcorp sought a ruling from the Australian Taxation Office on the taxation implications for shareholders. On 29 June 2011, the Australian Taxation Office issued Class Ruling CR 2011/66, in accordance with the application made by Tabcorp. A copy of the Class Ruling CR 2011/66 can be viewed here.
A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.