Business
Sibling rivalry: When parents play financial favourites
1. Recognise what’s behind the row: It may be about feeling valued or treated fairly, rather than the money itself
2. Avoid making assumptions about a sibling’s financial situation or the reasons behind parental decisions
3. Encourage open, respectful conversations where everyone has the opportunity to explain how they feel
4. Parents should communicate their intentions as clearly as possible, particularly if they are supporting children differently for practical reasons
5. Consider family counselling if conversations repeatedly become stuck or emotionally charged
6. Consider mediation before taking legal action in inheritance disputes.
7. Choose powers of attorney carefully: Parents usually appoint their children to oversee their care and finances if they get ill or lose mental capacity. But if there’s a risk they’ll fall out, they can appoint someone else including a solicitor.
Sources: Relate, Family Now Solutions
Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
Bruce Rock Engineering has greenlit a $10 million expansion at its Wheatbelt trailer manufacturing site which will make the company’s local footprint six times larger.
The expansion will add 5,000sqm of floorspace, a new office building, and a 12-metre, 2,500-tonne press brake, reportedly the largest in Australia.
Bruce Rock Engineering plans to have the build finished early next year.
In a statement upon announcing the expansion, the company said it was proud to be investing in its hometown.
“At Bruce Rock Engineering, we’re proud of where we’ve come from and committed to where we’re going,” a company spokesperson said.
“Bruce Rock is home. It’s where we’ve built our business, our people and our reputation over more than four decades, and we’re proud to continue manufacturing here in the Wheatbelt.
“The project represents a long-term investment in our people, our community, and the future of regional manufacturing, while creating the capability and infrastructure to support the next chapter of Bruce Rock Engineering.
“Bruce Rock is where we started. It’s where we’re continuing to build.”
The company was founded by the Verhoogt family in Bruce Rock in 1980 and has kept its hometown facility despite significant statewide growth in the past decade.
BRE expanded into metals manufacturing in the 2000s via establishment of its Transbeam subsidiary, now domiciled at a 16,000sqm factory in Forrestfield.
It has also bolted on a tyre wholesaling arm, Bruce Rock Tyres, and in July this year acquired Kalgoorlie-based fire protection systems manufacturer Quitfire.
Its core business has grown naturally and via acquisitions, building a site in Port Hedland, buying D-Trans Motor Body Builders to establish a presence in Geraldton, and setting up sales offices in New South Wales and Queensland.
The company employs more than 400 people and counts close to every major trucking firm operating in WA as a customer.
That staff count has grown from about 60 in 2015, and 200 in 2021.
A multi-billion-dollar local defence pipeline has driven a “paradigm shift” in how Austal views selling its US arm, as South Korean defence giant Hanwha conducts due diligence for the $1.8 billion bid.
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Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160
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