STL owns and operates six bulk commodity terminals in Queensland and plays a vital role in Australia’s sugar market, handling over 90% of the raw sugar produced in Australia each year.
STL’s terminals provide 2.5 million tonnes of storage capacity and handle more than 4.6 million tonnes of commodities each year. In addition to around 4 million tonnes of bulk sugar, STL also handles more than half a million tonnes of other commodities annually, including molasses, wood pellets, gypsum and silica sands.
STL has over $350 million in assets in strategic port locations across Queensland. We have in place 100 year leases with the port authorities at each of our six terminals. These leases include rolling options to extend for a further 100 year period.
Purpose & Values
To be a sustainable, globally competitive provider of storage and handling solutions for bulk sugar and other commodities.
We are passionate about being:
STL are focused on delivering quality services to our customers, in line with our purpose and values. If you are interested in joining our team, please send your CV and a covering letter to firstname.lastname@example.org
Mr Bolton commenced as Chief Financial Officer of STL on 18 April 2017 and was appointed Company Secretary on 24 May 2017. He has over 20 years’ experience in large-scale commercial enterprises in Australia and internationally. Prior to joining STL, Peter held roles as COO and CFO at Amart Furniture. Previously, he held senior finance roles with Woolworths, including Head of Finance for their liquor division and joint venture with TATA in India. Peter is a CPA and holds a Masters of Management, Bachelor’s Degrees in Commerce and Arts and is a Graduate member of the Australian Institute of Company Directors.
Mr Gray was appointed as an Independent Director and Chairman of STL on 7 March 2017. His career spans some 45 years and encompasses an extensive array of senior executive and board appointments. He has served in executive roles in government and private sector organisations, including as Under Treasurer of the Queensland Treasury Department, Chief Executive Officer of the Queensland Competition Authority and the Queensland Independent Commission of Audit, Office Head at Macquarie Group and Executive Director with BDO. Mark is currently the Chairman (Queensland Section) and a Director (Federation Board) of the Royal Flying Doctor Service of Australia. He is also a non-executive director of Data#3, Q-Pharm and Queensland Cricket, and a member of the Councils of Griffith University and Brisbane Boys’ College. He holds a Bachelor of Economics (First Class Honours) from the University of Queensland, where he is also an Adjunct Professor of Economics. He is a Senior Fellow with the Financial Services Institute of Australia and a Fellow of the Australian Institute of Company Directors.
Mr Bonanno was appointed as an independent Director of STL on 7 March 2017. He is an independent management consultant specialising in ports, logistics, infrastructure and mining operations. With more than 35 years’ experience in Australia and overseas, his roles encompassed strategic planning, commercial negotiations, operations management, asset management, project management, minerals processing and bulk supply chain management. He has a Bachelor of Engineering (Mechanical) from Central Queensland University, an Advanced Diploma in Business Management from the Australian Institute of Management, and has completed the Supply Chain Management residential program at Stanford University, USA. Sam is a member of the Institute of Engineers and the Australian Institute of Company Directors. Sam is the Chairman of the STL Safety, Health, Environment & Risk Committee.
Mr Christofides was appointed as a Grower Director of STL on 30 October 2009. He has extensive experience in Queensland’s sugar cane industry. Since 1992, he has managed and expanded his family’s cane farming operations in the Burdekin region of North Queensland. Con is also a Director and trustee of various private companies, including South Burdekin Community Financial Services Ltd. He is a member of STL’s Finance & Audit Committee.
Mr Davies was appointed as a Miller Director of STL on 20 October 2016. He is General Manager of Wilmar Sugar Australia’s agricultural operations, accountable for farming operations, research and development, and for technical advice to Wilmar’s overseas sugar plantations. His experience has included management roles in a range of industries including finance, supply chain and logistics, sugar and cotton. Ian holds a Bachelor of Applied Science (Rural Technology) as well as postgraduate qualifications in management. He is also a Graduate member of the Australian Institute of Company Directors. Ian is a member of the Company’s Finance & Audit Committee and Safety, Health, Environment & Risk Committee.
Ms Muller joined the Board of STL in December 2017. Leanne is a highly experienced finance executive with a 30 year career including senior corporate financial management roles and professional advisory services roles. Leanne has previously worked as Chief Financial Officer (or equivalent) for RACQ, Uniting Care Queensland and Energex Limited. Prior to those appointments Leanne worked for PricewaterhouseCoopers and with the Australian Securities Commission. Leanne is currently on the boards of Data#3, QInsure Limited and Peak Services and is an external specialist member of the Audit, Risk & Compliance Committee of QSuper. Leanne is Chair of the Company’s Finance & Audit Committee.
Mr Rutherford was appointed as a Miller Director of STL on 28 October 2011. He is an experienced senior executive with particular expertise in Queensland’s sugar industry. He is Executive General Manager, Strategy & Business Development and Executive Director, Wilmar Sugar Australia and is also a Director of the Australian Sugar Milling Council. Shayne has expertise in strategy, mergers and acquisitions, and project development with experience in a broad range of industries including agribusiness, oil and gas, manufacturing, consulting and petrochemicals. Shayne holds a Bachelor of Engineering (Mechanical) (Hons 1) and an MBA. He is also a Graduate member of the Australian Institute of Company Directors. Shayne is a member of the Company’s Safety, Health, Environment & Risk Committee.
August 2018 marks 20 years since the establishment of STL.
The company’s assets have a much longer history, dating back to the 1950s and 1960s, when all six of STL’s bulk sugar terminals were constructed along Queensland’s coast.
STL commences operations following the transfer of the bulk sugar terminal assets and port authority leases previously part of Queensland Sugar Corporation.Queensland Sugar Limited (QSL) is established at the same time to continue the other responsibilities of Queensland Sugar Corporation: marketing all export sugar produced in Queensland and managing all of the bulk sugar terminals. STL grants QSL an initial 8-year sub-lease to operate all STL terminals, with options to extend for 10 further 3-year periods.
STL becomes industry-owned when 360 million shares are transferred to 12,5000 eligible Growers and 11 eligible Millers.
STL’s G Class shares are listed on the Newcastle Stock Exchange (now the National Stock Exchange of Australia).
Queensland’s 3 largest Millers (Wilmar, MSF and Tully Sugar) announce they will market their own sugar from the 2017 season.
STL’s Board of Directors is responsible for the overall direction and affairs of the business. It operates in accordance with the STL Constitution and within the framework of requirements, expectations and interests of customers and communities. The Chairman oversees the conduct of the Board and its relations with shareholders and other stakeholders. He chairs Board meetings and general meetings of shareholders and works closely with the CEO and CFO/Company Secretary.
STL’s Board Charter provides detailed information on the operation of the Board and can be viewed here.
The Board of STL comprises seven members. In accordance with the STL Constitution, G Class and M Class shareholders have equal representation on the Board, with two grower appointed Directors, two miller appointed Directors. In addition, STL has three independent Directors, including an independent Chairman.
STL’s G Class Shares were listed on the National
Stock Exchange of Australia (NSX) on 26 February 2004. Only active growers may buy or sell G class shares and an order must be placed with a stockbroker of the NSX. All buy orders must be accompanied by a Member Status Declaration.
No. Your G Class shares do not attach or relate to your farm and do not have to be sold with the sale of your cane farm. If as a result of the farm sale you no longer supply cane under a cane supply contract to a mill in Queensland then you are no longer an Active Grower. The implications of no longer being an Active Grower are set out below.
(i) Yes, if you supply cane under a cane supply contract to a mill in Queensland in the current season.
(ii) No, if you have leased your farm to someone else even though you may intend to resume cane growing sometime in the future.
(iii) No, if you are a natural person and the cane supply contract with the mill is in the name of a company or other legal entity in which you have an interest.
(i) You cannot purchase any more G Class shares.
(ii) You still have the right to receive notice of and attend either general meetings of the company or class meetings of G Class shareholders but you cannot vote.
(iii) You have the right to receive dividends as determined from time to time by Directors.
(iv) You must immediately notify the company in writing that you are no longer an Active Grower and you must dispose of your shares as soon as practicable.
(v) If the shares are not disposed as soon as practical then Directors may issue a written notice called a Transfer Notice.
(i) You must dispose of the shares within the time period specified in the notice.
(ii) If you fail to comply with the notice then Directors may, on your behalf, sell your shares at such price and terms and conditions as the Directors shall in their absolute discretion think fit and pay the net proceeds (after expenses) back to you.
STL shares may be sold by way of an off market transfer to an Active Grower. Once you have found an Active Grower who wishes to purchase your shares, you should obtain the following documents from Link Market Services:
1. Off Market Standard Transfer Form
2. Member Status Declaration
The transfer document and completed Member Status Declaration should then be sent to Link Market Services for processing.
G Class shares can be traded on market through a stockbroker on the National Stock Exchange of Australia. You should refer to the Practice Note Number 8 on the National Stock Exchange of Australia website www.nsx.com.au
G Class shares can be purchased on market through a stockbroker on the National Stock Exchange of Australia. You should refer to the Practice Note Number 8 on the National Stock Exchange of Australia website www.nsx.com.au. It will be necessary for you to complete and sign a Member Status Declaration and forward it to your broker each time you purchase shares.
Where a member who held shares jointly with another person dies, the surviving joint member can make application to Link Market Services to register the surviving joint member as the holder. A certified copy of the death certificate should be provided to establish the death of the deceased.
Where a member is not a joint holder and has left a will, the deceased’s Executor may either elect to be registered as the holder or transfer the shares in accordance with his or her powers as Executor. The deceased’s Executor will need to provide Link Market Services with:
1. a certified copy of the death certificate;
2. a certified copy of the will;
3. a certified copy of Probate.
The requirement to provide probate may be waived where:
1. the value of the deceased’s holding in the Company is less than $15,000; or
2. the Company Secretary is satisfied that Probate is not being obtained due to costs involved relative to the size of the estate and that the requirement should be waived in the particular circumstance. (The Executor will need to obtain from Link Market Services a Declaration that it is not intended to apply for probate.)
Where the Executor elects to be registered as the holder of the shares, then a Transmission Application must be obtained from, completed and then returned to Link Market Services. Where the Executor elects to register the shares directly to the beneficiaries or a third party then he or she must provide the necessary transfer documentation, including a duly executed Member Status Declaration.
The Company’s dividend policy is to pay, on a bi annual basis, as high a dividend as possible having regard to the Company’s cash position and the tests set out in section 254T of the Corporations Act.