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2012 – Banking and Finance Year in Review

Now that the dust has settled on the end of 2012 it is worth recapping on the year and pinpointing key events and developments that occurred during 2012.

We saw Queen Elizabeth II mark her 60th anniversary of becoming the British monarch, the Lion King become the highest grossing Broadway show overtaking The Phantom of the Opera, the introduction of the Personal Property Securities Act 2009 (Cth), Usain Bolt become the first person to win the 100m and 200m sprit in back to back Olympics, mortgage duty in New South Wales extended for another year, Lance Armstrong being stripped of his 7 Tour de France titles, greater clarification on the interpretation of contractual penalties, Obama elected president, Green Moon win the Melbourne Cup, the Australia Tax Office win in a priority dispute with a mortgagee, Gangnam Style becoming the first video to reach one billion views on you tube, Channel Nine survive by undertaking a significant debt restructure, Felix Baumgartner step into the void nearly 128,000 feet (39,000 meters) above the earth and most importantly, given you are reading this, we all managed to survive the Mayan apocalypse. More…