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Qantas Frequent Flyer was launched in 1987. [7]Qantas has faced criticism regarding availability of seats for members redeeming points. [8] In 2004, the Australian Competition and Consumer Commission directed Qantas to provide greater disclosure to members regarding the availability of frequent flyer seats.
The privatisation of Commonwealth Bank of Australia was justified based on the competition it faced from private banks who offered cheaper products to consumers. [39] Australian economist, John Quiggin, reveals that despite the sensible rationale in privatising the Commonwealth Bank, it represents a net loss to the taxpayer. [39]
In the early 1990s Qantas formed a joint venture operation with DMR Consulting to market QIK and other transportation IT solutions under the name of Qadrant International. In 1997 DMR Consulting purchased the remaining 49% [ citation needed ] stock of Qadrant from Qantas Airways to become the sole owner of the company. [ 3 ]
Programmed Airline Reservations System (PARS) is an IBM proprietary large scale airline reservation application, a computer reservations system, executing under the control of IBM Airline Control Program (ACP) (and later its successor, Transaction Processing Facility (TPF)). Its international version was known as IPARS. [1] By the 1960s, with ...
The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911. [10] [11] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in ...
Commonwealth Securities Limited, or CommSec, is Australia's largest online stockbroking firm. It is a subsidiary of the Commonwealth Bank . Though its Internet trading platform constitutes the vast majority of its business, it also offers a telephone based brokerage service, and investment advisory services. [ 1 ]
Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS (/ ˈ ɛ f (t) p ɒ s /), is the technical term referring to a type of payment transaction where electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards).
British Commonwealth Pacific Airlines or BCPA, was an airline registered in New South Wales, Australia in June 1946 with headquarters in Sydney. It was formed by the governments of Australia (50%), New Zealand (30%) and the United Kingdom (20%) to pursue trans-Pacific flights. BCPA was later taken over by Qantas.