Raine steps down from family business peak body after 13 years

Stephen TaylorDecember 7, 2020

The boss of one of Australia’s iconic real estate agencies is stepping down as a member of Family Business Australia’s NSW committee after 13 years.

To commemorate his contribution, Angus Raine, executive chairman and CEO of real estate agents Raine & Horne, was honoured with a special award at an FBA Hall of Fame event in November. His company was inducted into the Hall of Fame in 2012.

The FBA is the peak body of the family business sector, which accounts for around 70% of all Australian businesses and employs 50% of the private workforce.

Raine, the fourth generation of the family to run the 130-year old real estate firm, was part of a group of dedicated family business owners contributing to the growth and development of FBA in NSW, said Philippa Taylor, CEO of Family Business Australia.

In 2012, for example, Raine made a significant contribution to the Senate Inquiry into Family Business in Australia.

“Angus was part of an FBA delegation, which included a number of iconic family businesses, that visited Canberra on National Family Business Day to remind government about the significant contribution family businesses make to the Australian economy,” said Taylor.

“As a result of this delegation, a Senate inquiry was established and Angus was a major contributor to the 21 recommendations handed down by the inquiry.”

Raine was also a regular guest speaker at FBA events – and, reportedly, an entertaining MC.

After 13 years, Raine is satisfied with his contribution to FBA and believes it’s time to pass the baton to the next generation of family business owners.

“I am proud of the achievements of FBA and the contribution we’ve made to the family business sector, which is valued at more than $4 trillion. It represents a figure that governments of all persuasions ignore at their peril.”

The Raine & Horne chief also urges family businesses seeking long-term success, or who are in the process of succession planning, to pursue advice and learning pathways at FBA.

“Along with invaluable peer learning, FBA accredited advisers, who specialise in family business, can provide assistance with generational change issues and succession planning.”

staylor@propertyobserver.com.au

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