<<

ANNUAL REPORT ׉ׁ׀׈ׁׂّ׀ׂ

Annual Report of Ski & Snowboard (ACN 063 859 423) trading as Snow Australia Mel Perrine & Bobbi Kelly (Guide) 2019 Para Snowsport of the Year

Cover Image - 2019 Athete of the Year CONTENTS

Our Purpose 04

Partners 05

Message From Australia 06

Chairman’s Report 09

&KLHI([HFXWLYH2ɝFHUȇV5HSRUW 

A New Era... Welcome to Snow Australia 14

Sport Reports 16

Alpine Skiing & Ski Cross 16

Cross Country 18

Aerial Skiing 20

Mogul Skiing 21

6QRZERDUG&URVV 

Park & Pipe 24

Para Winter 25

Athlete Pathway Framework Development 26

Snow Australia Awards 28

3DUWLFLSDWLRQDQG6SRUW'HYHORSPHQW 

Financial Statements 40

%RDUG6WD΍DQG&RPPLWWHHV 

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ OUR PURPOSE

“TO SUPPORT AND DEVELOP CHAMPIONS”

ABOUT STRATEGIC PRIORITIES Snow Australia is the nationally and Communication internationally recognised National Sporting ΖPSURYHDZDUHQHVVDQGbXQGHUVWDQGLQJRIWKH Organisation (NSO) for competitive snow sports vision, opportunities and achievements of our in Australia. organisation Snow Australia is affiliated with the Fédération Capability Internationale de Ski (FIS), the Australian Olympic Committee (AOC), the Paralympic Increase the skill level and wellbeing of Australia (PA) and recognised by athletes, coaches, and programs within the (SA). SHUIRUPDQFHbSDWKZD\

Snow Australia manages athlete pathways, Community conducts events and programs in Alpine ΖQFUHDVHSDUWLFLSDWLRQLQbFRPSHWLWLYHVQRZVSRUWV Skiing, Cross Country Skiing, Freestyle Skiing, , Para-alpine, Para-snowboard Capacity and specialty sub discipline activities within each. Increase human and commercial resources OPERATIONAL PRIORITIES High Performance Ensure Australia remains a successful nation at World Cup, World Championships, Olympic and

Sport Development and Participation Increase participation and community engagement in competitive snowsports at all levels

Business Development Generate financial resources and provide effective administration and communication

People Development Strengthen network of coaches, volunteers, technical officials and administrators who provide support of competitive snowports in Australia

Ʌ6QRZ$XVWUDOLD OUR PARTNERS

Snow Australia has the overarching responsibility for the entire national athlete pathway, from entry level through to elite, across all disciplines. To meet this responsibility, Snow Australia engages with many different organisations including ski resorts, Federal & State Governments, State Sporting Organisations, Clubs, sporting institutes and industry peak bodies.

PRINCIPLE PARTNERS

OLYMPIC, PARALYMPIC AND INSTITUTE PARTNERS

RESORT PARTNERS

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ MESSAGE FROM SPORT AUSTRALIA

Leverrier Street Bruce ACT 2617 +612 6214 1111 PO Box 176 Belconnen ACT 2616 [email protected] ABN 67 374 695 240 sportaus.gov.au SPORTAUS

Dean Gosper Chairman Ski & Snowboard Australia

Michael Kennedy CEO Ski & Snowboard Australia

Dear Dean and Michael,

On behalf of Sport Australia, please accept our warmest congratulations on the achievement of a unified single organisation for snow sports in Australia, from grassroots to elite.

The unification of the governance of the sport, which Ski & Snowboard Australia (SSA) has been leading for a number of years, is an outstanding achievement for your sport that will create a lasting benefit and legacy. It is the most significant transformation of the governance and operations of snow sports in the history of the sport in Australia. We acknowledge and applaud the foresight of SSA and its stakeholders in recognising the need to embrace a modernised governance framework and operating model.

We believe it will in the long run deliver for your sport greater revenues, reduced costs, greater cohesion and a stronger national voice. We are delighted that it integrates the three pillars of Sport Australia's One Management model - strategy, workforce and finance - which Sport Australia is encouraging sporting organisations to adopt.

The entire snow sports community should be extremely proud of its achievements in setting up the sport for a prosperous future.

Executing a reform of this nature requires strong leadership and trust between stakeholders. The leadership demonstrated by you, the Board of SSA (including previous members of the Board) and the Member Associations serves as an exemplar for the entire Australian sporting system and is a credit to all of you. It's a great example of what's possible with vision, courage, teamwork and leadership.

We look forward to continuing to work closely with you to ensure the sport capitalises on this great foundation to continue to grow the sport in Australia and achieve success at all levels.

Joh Kate Palmer AM Chair Chief Executive Officer Sport Australia Sport Australia 6 November 2019

Ʌ6QRZ$XVWUDOLD Jakara Anthony & Matt Graham Mogul World Championship silver medallists

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Tori Pendergast Para Apine Ski Team

IMAGE

Ʌ6QRZ$XVWUDOLD CHAIRMAN’S REPORT

DEAN GOSPER Report to included following Annual General Meeting

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Scotty James [6QRZERDUG+DOISLSH World Champion

Ʌ6QRZ$XVWUDOLD CEO REPORT

MICHAEL KENNEDY CEO REPORT The year through to October 2019 was a historic period and a landmark year for our sport.

After a long and considered period of discussion and collaboration, skiing and snowboarding created history by becoming the first Olympic sport in Australia to unify into a single organisation to govern.

Extensive discussions between Snow Australia, Snowsports ACT (SACT) and NSW Snowsports Unification has solid foundations and will (NSWS) resulted in a governance merger with all maximise the potential of our sport with a truly organisations agreeing that unification was the unified vision combined with a diversity of best way to achieve the sport’s mission. operations and delivery. The sport will speak with a single, clear voice, particularly when This outcome was built upon trust, cooperation dealing with its valued stakeholders such as our and the natural extension of a Sport Australia funding partners and resort hosts. It will also governance review some years ago and, more provide enhanced integration of pathways for recently, a call from Sport Australia for national our young athletes. sporting organisations (NSO) to strive for unification as a best practice model. From a sporting perspective, the 2018-19 period provided some incredible highlights In short, unification will see a focus on a national captured in detail throughout this report. vision. It will ensure greater effectiveness It was an unprecedented season for triple within our sport as it speaks with one voice Olympian Scotty James (snowboard halfpipe), when guiding athletes and engaging with who completed the perfect season winning stakeholders. It will serve the needs of the every event he entered. As part of his incredible community whether it be by region or by achievements, Scotty notched up his third discipline. It provides flexibility in this regard. consecutive FIS World Championship title at I am particularly pleased with how the Park City, USA, the first person to achieve such staff and leadership groups of the three a feat. Para Olympian teamed snowsports organisations maintained frequent up with Bobbi Kelly during the 2018-2019 season and transparent communication with our delivering 12 medals on the Para Alpine World communities throughout this period. Cup Circuit, and an additional four medals at the World Championships including gold in The unification became effective from the 1 the Super Combined. Moguls Olympians Matt November 2018. Graham and Jakara Anthony shared the podium at the FIS World Championship Mogul event in The first full year of unified operations provided Deer Valley, Utah. Dual Olympian Cam Bolton the expected challenges of integration however (snowboard cross) broke through for his first it was pleasing to see the commitment and FIS World Cup win of his career with victory in passion from the staff in particular, towards Feldberg, Germany after almost 40 starts at the a new approach. Already in year one the highest level. benefits of a national approach are evident, with several new initiatives emerging as a result Our junior athletes across all disciplines continue of collaboration. This included the National to impress and with some genuine future stars Participation Conference and newly minted emerge. Valentino Guseli (snowboard halfpipe) Community Sport Awards. cemented his reputation as one to watch winning the Burton Junior US Open whilst Doug

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Crawford created history by winning Australia’s ski cross. The Australian Olympic Committee first ever medal at a FIS Junior World Ski Cross (AOC) make a direct financial contribution to the Championships with bronze medal in Austria. high-performance programs via their funding Emily Boyce also claimed a bronze medal at support of the OWIA. the Junior World Championships in snowboard cross. Of course, these are but a few highlights Snow Australia works closely with the OWIA but clearly demonstrates that the future looks both operationally and strategically to maximise promising on many fronts. the prospects for success. We are fortunate that both the Institute of Sport Our Olympic and Paralympic success would not (NSWIS) and the Victorian Institute of Sport (VIS) be possible without the unique and valued high continue to play such important partnership performance partnerships. The sustained multi- roles in the delivery of our high-performance medal performance track record is achieved programs. primarily via a nationally aligned collection of sport programs. The wintersport model, One of the challenges all sports face is the the alignment of partners and efficiency of development and delivery of athletes from delivery continues to deliver results completely emerging talent through to the elite level. disproportionate to the amount of investment From a strategic perspective, 2018-19 saw an made. increase in the investment and focus by Snow Australia into the overall improvement of the performance pathway for athletes across all Doug Crawford UG3ODFH6NL&URVV disciplines. Junior World Champships A focus on education, information and skill development at the club level is seen as the highest priority by Snow Australia in order to maximise high performance prospects into the future. This focus aligns with global pathway trends and is supported by the evidence which underpinned the alpine pathway review and the implementation of several significant pathway initiatives. This report highlights these in detail however it is worth noting the best practice Foundations, Talent, Elite and Mastery framework (FTEM) pathway resources which have been developed across all disciplines. Additionally ,the establishment of the Snow Australia Coach Academy and Club Workshop series.

A whole of snowsport physical literacy curriculum is also on the horizon with delivery slated for early 2020. These initiatives are part of the plan to raise the overall quality of programs Snow Australia enjoys a close working throughout each of our snowsport disciplines relationship with our high-performance and ultimately deliver athletes with improved partners, in particular the Olympic Winter skill and physical preparedness into each stage Institute (OWIA). The OWIA continue to operate of the athlete performance pathway. high performance programs on behalf of Domestically, the 2019 Southern Winter season Snow Australia in Australian Institute of Sport proved another excellent one for our sport (AIS) designated Tier 1 sports of aerial skiing, and the broader snow industry. The Australian mogul skiing, park and pipe, snowboard and resorts continued to experience strong

Ʌ6QRZ$XVWUDOLD visitation. Our domestic competition calendar secure funding for a National Snowsports again featured hundreds of events across all Training Centre (NSTC) in Jindabyne. The vision, resorts, disciplines and levels of competition. to establish a NSTC within the existing Sport Vail resorts acquisition of Falls Creek and and Recreational site, moved one step closer to +RWKDP DGGLQJWRWKHLUH[LVWLQJRZQHUVKLSRI reality in July 2019 with the NSW Government’s Perisher) is significant for our industry and we announcement of a $5.1 million grant towards look forward to seeing how the new ownership the project. dynamic can enhance the already excellent partnerships the sport has managed to create A key feature of the NSTC will be a cutting-edge with these resorts. dry slope airbag facility, the first of its kind in the southern hemisphere, for the park and Interschool competitions continue to be the pipe programs of skiing and snowboarding. single biggest driver of participation in the Along with the airbag facility, the vision is to FRPSHWLWLRQSDWKZD\IRURXUVSRUW+XJH create a world class training facility for the numbers of athletes continue to flock to off snow daily training environment (DTE) for regional, State and National Interschools athletes at the pre-elite, development and elite Championships with around 19,000 entries from performance levels. The NSTC will provide a SDUWLFLSDQWVIURPFORVHWRVFKRROV home for Snow Australia’s northern operations from , New South Wales, ACT, South and a focal point for the broader snowsport Australia and . The Interschools and local communities. Affordable athlete remain one of the largest organised snow sport accommodation is also part of the overall NSTC competitions in the world. Following unification, concept. work is underway to review the rules and some aspects of event operations to ensure they Snow Australia thanks the NSW Office of Sport, continue to align with the interests of the key the Deputy Premier John Barilaro and NSW stakeholders being the schools and the resort Minister for Sport for their ongoing support of hosts. the project. Snow Australia looks forward to working with the NSW Office of Sport, NSWIS From a participation and sport development and the local community to maximise this perspective the Snowracer program continues special opportunity to deliver a sport focused, to be the primary focal point for Snow Australia’s world class facility which ensures Australian efforts and resources. The Snowracer program athletes will be equipped to enjoy success into saw significant growth in 2019 with year on the future. year traffic through the website and APP almost doubling. Snow Australia expects to continue Finally, I would like to thank the tremendous the development and enhancement of the efforts of the expanded Snow Australia team. Snowracer platform and experience into the We are fortunate to have such a motivated and future. passionate group who embrace the continual evolution of our sport and organisation. With Infrastructure projects designed to build operations now in , Jindabyne, capacity within the sport were also launched and key staff in , our growing throughout the reporting period. Snow organisation continues to be supportive of Australia was delighted the Waterjump facility each other and the vision and strategy of in Brisbane is finally under construction with Snow Australia. This is indeed an exciting time completion scheduled for mid-2020. The to be involved in our sport. To the Discipline realisation of the Waterjump in Queensland has Committee Chairs, the volunteers and the Snow been a decade in the making and is a result of Australia Directors, I thank you for your time the determined efforts by the Olympic Winter and leadership as we continue to move the Institute of Australia and in particular their organisation into the future. &KDLUPDQ*HRII+HQNH Michael Kennedy For the past two years, Snow Australia has Chief Executive Officer been working with the NSW Government to Snow Australia

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ A NEW ERA... WELCOME TO SNOW AUSTRALIA

It was the dawn of a new era in 2019, as the “It embodies the organisation’s truly unified, Board resolved to rebrand and unveil a name national vision and the sport’s intimate change of ‘Snow Australia’, symbolising the final connection with its terrain.” step of unification of the sport. The tagline has been introduced into the The new brand Snow Australia is simple, modern new logo to give the Snow Australia brand an and iconic and reflects the unification of the immediate connection to sport reflecting the organisation as well as providing a strong vision three key pillars upon which the brand has been for the future. built.

A new logo was also introduced, paying Snow Australia Chief Executive Officer homage to the brand’s heritage and equity by Michael Kennedy said vision for the sport if to incorporating the iconic kangaroo and providing celebrate its active participation base while an opportunity for multiple interpretations, also supporting its athlete and club pathways allowing each discipline to identify itself with the programs. new logo. “Ultimately, the continued success of Snow As the first sporting body in Australia to unify, Australia supporting athletes and developing Snow Australia President Dean Gosper said champions, will underpin recognition,” Kennedy the brand change not only compliments the said. unification but also highlights the modernisation of the sport. “The tagline ‘Athletes. Pathways. Performance.’ is embedded in the new brand as these are the “The change to Snow Australia coincides with pillars on which our sport is built.” the recent unification of the sport and reflects its responsibilities and connections in simple and elegant language,” Gosper said.

Ʌ6QRZ$XVWUDOLD BEHIND OUR NEW LOGO MARK

Name

for the future.

Color palette In a nod to the brand’s heritage the new logo incorporates the navy blue of the original logo in addition to the enduring yellow. A third teal colour has been

Iconography The Snow Australia icon pays tribute to the brand’s heritage and equity with the iconic kangaroo – which has been stylised to evoke a sense of power and movement. The circular component provides an opportunity for multiple interpretations, allowing each discipline to identify itself within the logo.

Tagline A tagline has been introduced to give Snow Australia an immediate connection

the brand.

Typography representing an athlete cutting through the snow. Fonts are angled to give the logo a sense of energy and forward momentum.

SNOW.ORG.AU

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ & SKI CROSS

In alpine skiing, dual Olympian upskilling within the club environment, coach education, performance planning and Greta Small achieved a top 20 governance. result in the Alpine Combined A follow up review for each club was held in event at the 2019 FIS Alpine Skiing October to assess the development throughout World Championships in Are, the season. Sweden, a personal best for the INITIATIVES 24-year-old. At the same event, Female Ski Cross and Snowboard Cross Small also placed 25th in the Super emerging talent athletes were invited to a live- in training camp hosted by Olympians Sami *DQGWKLQWKH'RZQKLOO Kennedy-Sim and Belle Brockhoff. The ‘Next Generation Performance Camp’ was held at Perisher for three days in July and provided athletes with the opportunity to Devastatingly, during a spring race in Italy, experience life as an elite winter sport athlete. Greta suffered a season ending ACL injury and Participants trained alongside Belle and Sami returned home for surgery and subsequent and were exposed to their high performance rehabilitation. coaches, training facilities and support staff. In the men’s Louis Muhlen-Schulte finished the The program was part of Snow Australia’s season with career best results finishing fifth Emerging Talent Program and was supported in the Combined at the Alpine World Junior by the NSW Office of Sport through a sport Championships and fourth in the NorAm Slalom development grant with assistance from race at Burke Mountain, USA. Louis’ teammate Perisher and Jindabyne Sport and Recreation. +DUU\/DLGODZDOVRKDGVRPHVWURQJUHVXOWV ILQLVKLQJWKDWWKH:RUOG6NL&KDPSLRQVKLSVLQ The Australian Institute of Sport (AIS) hosted an the Super G and 15th in the Giant Slalom Europa Alpine/Ski Cross Athlete Preparation Camp for Cup race in Oberjoch, Germany. PRUHWKDQDWKOHWHV7KHOLYHLQSURJUDPZDV available to junior FIS age athletes and provided the Ski Cross season saw dual Olympian Sami attendees the opportunity to participate in Kennedy-Sim achieve her best result at the back- practical and educational sessions around to-back World Cup in Feldberg, Germany, placing the fundamentals of injury free progression, fifth in the first race and 10th in the second. importance of skill development and goal setting Sami’s third top 10 came at Idre Fjall, Sweden as well as acrobatic and sessions. where she finished eighth. The Ski Cross Futures Program was another In the Development Team, Doug Crawford development program initiative launched achieved an Australian first by finishing third throughout the year in the lead to the Children’s at the FIS Junior World Ski Championships Carnival at Falls Creek. Free for all Alpine in Reiteralm, Austria. This was Australia’s Junior racers, the program saw more than first medal in Ski Cross at the Junior World 110 participants take part to receive expert Championships. coaching and guidance from National Ski Cross PROGRAMS Coach, Shawn Fleming and National Ski Cross Team members Sami Kennedy-Sim (OWIA), Club Workshops were a key focus during the Doug Crawford and Robbie Morrison alongside southern winter as part of Snow Australia’s development athlete Lee Rolls. commitment to supporting those at the coalface of the sport. The Club Workshops aimed to build capacity within the club system to deliver best practice athletic and sport development. Areas covered during the workshops included the national athlete pathway system (FTEM),

Ʌ6QRZ$XVWUDOLD Hugh McAdam On his way to winning the Slalom National Championships at Perisher 6QRZ$XVWUDOLD$QQXDO5HSRUWɅ CROSS COUNTRY

The premier cross country event GLVFLSOLQHV+HDG&RDFK9DOHULR/HFFDUGLKDV signed a new contract through to 2021. The of the season was the 2019 national team was once again based in Davos, World Championships in Seefeld, Switzerland, during the northern hemisphere Austria, where Australia was well winter, including both junior and senior teams. represented with seven athletes Dryland training camps were held for the Emerging Talent Program and junior team at competing. the Australian Institute of Sport (AIS) in April followed by on snow camps at Falls Creek in July and September. The senior teams (World Cup, Continental Cup The highlight performance came from Jessica DQG8 SDUWLFLSDWHGLQRQVQRZFDPSVLQ-XQH Yeaton who finished 22nd in the Skiathlon, and September, with weekly coaching available which was Australia’s best ever result at an at Falls Creek throughout the winter. The senior open World Championship. Jessica went on to team also attended off snow training and testing compete in six World Cups with her best results at the Australian Institute of Sport (AIS) with this RIWKLQ2VOR1RUZD\DQGVWLQ)DOXQ now held biannually in June and October. Sweden. Falls Creek Resort Management continued Nine athletes competed at the 2019 World their support of Australian cross country skiing -XQLRU8&KDPSLRQVKLSVLQ)LQODQGZLWK re-committing to the National Training Centre best results coming courtesy of Katerina Paul partnership with Snow Australia for a further ZKRILQLVKHGQGLQWKH86SULQWDQG(PLO\ three years. Snow Australia and the cross Champion who was 65th in the Skiathlon. country community thank Falls Creek Resort PyeongChang 2018 Winter Olympians Callum Management for their ongoing support. Watson and Phillip Bellingham transitioned INITIATIVES to coaching roles for 2018-2019, with Callum leading the team to the World Junior The cross country grassroots initiative, Little Championship together with Teresa Riman. Gliders, has been accepted in the Sport Australia Phillip coached the Australian development Sporting Schools program, and will look to be team in Canada together with Iris Pessey. Callum expanded outside of Canberra in 2020. Little continued to coach both NSW and Australian Gliders involves strap-on skis that can be used Junior team athletes throughout the year and on grass or carpet and provides an introduction was appointed as Australian cross country coach to winter sport using fundamental movement for the 2020 Youth . skills and games. Fellow 2018 Winter Olympian Barbara Jezersek The annual AUSXC Awards in Canberra were confirmed her retirement from international held during April for the fourth year and competition following the 2019 World coincided with the AUS Rollerski Championship Championships. at Stromlo and the Junior Team training camps. These Awards recognise the achievements of Phillip Bellingham and Katerina Paul were the developing junior and master skiers as well 2019 ANC Continental Cup winners. as the efforts of volunteers. Winners of these PROGRAMS awards are then nominated for the Snow Australia Awards. Cross Country Program Director, Finn Marsland, moved to part-time with cross country to allow While cross country coaching and officiating for an expanded role with Snow Australia accreditation courses are in the process of where he will oversee the development of the moving online, practical dry land and on snow coach education and accreditations across all coach training continued in 2019 with both foundation and advanced workshops held in Falls Creek, Perisher, Melbourne and Sydney.

Ʌ6QRZ$XVWUDOLD Jessica Yeaton World Championships Seefeld, Austria

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ AERIAL SKIING

Laura Peel was Australia’s best Laura Peel performed aerial skier during On top of the podium in China the reporting period, winning the Shimao Lotus Mountain World Cup in China, placing second at the Moscow World Cup and narrowly missing the podium at the 2019 FIS Freestyle Skiing and Snowboard World Championships in Deer 9DOOH\WRȴQLVKLQIRXUWKSODFH Laura achieved an additional two WRSUHVXOWVDQGȴQLVKHGWKH World Cup series ranked third in the world.

Teammate Brittany George made her FIS World Championship debut in Deer Valley during the year in February. After winning the Lake Placid NorAm competition leading into the World Championships, Brittany came into the event with bolstered confidence to go on and place 19th. PROGRAMS The first year of the new Olympic quadrennial saw the Australian Aerial Ski Team, the Flying Kangaroos, team up with SwissSki to leverage WKHFRDFKLQJH[SHULHQFHRI6ZLW]HUODQGȇV+HDG Coach Michel Roth. Additionally, recently retired 2014 silver medalist, David Morris, transitioned to a coaching role with the team under the guidance of mentor Michel. INITIATIVES Aerial Skiing Talent Transfer program continues to evolve with refreshed commitment from the Australian Institute of Sport (AIS) and ongoing cooperation with Gymnastics Australia to talent ID and transfer into Aerial Skiing. For the first time a series of ‘come and try’ weekends were delivered at Mt Buller with the new initiative providing a number of gymnasts the chance to test try the skiing and aerial pathway.

Ʌ6QRZ$XVWUDOLD MOGUL SKIING

The 2018/19 season was again a World Cup events. strong year for the National Mogul )Ζ6:RUOG&KDPSLRQ%ULWWHQ\&R[FKRVH Team, highlighted by multiple to take a break from training for much of the domestic season. Brodie Summers successfully medal results at the 2019 FIS returned to competition following a significant Freestyle Skiing and Snowboard injury sustained leading up to PyeongChang World Championships in Deer Olympic Winter Games. Developing mogul skier Cooper Woods showed Valley, USA. an improvement in competition execution with a personal best at nationals placing fifth. PROGRAMS PyeongChang Winter Olympian Jakara Anthony The NSW Institute of Sport (NSWIS) Mogul together with 2018 Olympic silver medalist program continues to work hand in hand with Matthew Graham both landed on the podium in the Olympic Winter Institute of Australia (OWIA) second place. high performance program. This has proven to Jakara had a breakout season following her be a successful program model with athletes fourth place finish at the 2018 Olympics. She transitioning from NSWIS to the OWIA. achieved her first ever World Cup podium in INITIATIVES Thaiwoo, China, going on to finish the season with six medals and second in the world SSA Futures – TIP Program- Moguls 2019 rankings. The SSA Futures Talent Identification Program (TIP) was conducted at the NSW Junior Series Mogul event in Perisher. Athletes were targeted via NSW regional Interschools results with 24 y selected to attend. The Snow Australia Futures Mogul Talent Identification Program (TIP), continues to be the ideal feeder program for moguls skiing providing unique training and competition opportunities. Participants are selected from the NSW Regional Interschools results and invited to attend the NSW Junior Mogul Series competitions at Perisher. Athletes are afforded the opportunity to access expert National Coaches before and during competition as well as being exposed to Pathway Program opportunities such as the Perisher Winter ’s moguls programs.

Jakara Anthony Debut podium at Thaiwoo, China

Between Matthew and Jakara, eight medals (six World Cup, two World Championship) were achieved throughout the season and Australia was represented on the podium at five straight

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Cam Bolton &HOHEUDWLQJKLVȴUVW:RUWOG&XS gold medal in Feldberg, Germany

Ʌ6QRZ$XVWUDOLD SNOWBOARD CROSS

The major event of the season Athlete of the Year, Boyce claiming a bronze medal and teammate Taylor finishing in fifth was the World Snowboard place. Championships at Solitude Valley, USA. PROGRAMS The NSWIS and OWIA Snowboard Cross programs continued to operate side by side during the Southern and Northern winters -DUU\G+XJKHV$OH[3XOOLQ&DPHURQ%ROWRQDQG sharing resources, expertise and facilities. Adam Lambert all competed with Pullin and Lambert achieving the best results, finishing 9th 0W+RWKDPFRQWLQXHVWREHWKHSULPDU\WUDLQLQJ and 11th respectively. venue for Snowboard Cross in Australia, with their commitment to establishing an accessible Bolton achieved the highlight of the season, yet technical course for local, national and achieving his first ever podium finish, winning in international teams as well as development Feldberg, Germany. Bolton’s win came with his programs such as the Snow Australia Futures. 40th career World Cup start, nearly eight years The FIS ANC series continues to grow each year after his first World Cup start. Bolton achieved with increased international interest. another podium finish at the World Cup Finals Athletes also trained throughout the year at in Veysonnaz, Switzerland, finishing the season Perisher and Mt Buller working on technical skill with a career best fifth on the world standings development, course training and racing. and Australia’s best performed athlete. Lambert achieved his second career podium, The Emerging Talent Program (ETP) saw 12 taking silver at Baqueria Beret, Spain. Lambert young riders selected to attend camps in went on to finish the season just outside the top Jindabyne in June and October. The camps, 10 in the FIS World Cup standings. operated with the South East Academy of Sport (SESA) introduced riders to high performance After placing ninth at the World Championships outcomes through strength and conditioning, Alex Pullin finished the World Cup season nutrition, and psychology. These programs ranked seventh in the standings, which included and camps are seen as essential in developing after fourth and fifth place result in Cervinia, athletes and introducing them to high Italy, and Baqueria Beret, Spain, respectively. performance training and education.

Adam Dickson rounded off the National Team Snow Australia, via a NSW Office of Sport grant, finishing the season ranked just outside the hosted the ‘Next Gen Performance Camp’ for WRSKLJKOLJKWHGE\WDNLQJWZREURQ]HVDW0W identified, young female Snowboard Cross and +RWKDPGXULQJWKH$XVWUDOLDQ1HZ=HDODQG&XS 6NL&URVVDWKOHWHV+RVWHGE\2O\PSLDQV6DPL series with teammate, Alex Pullin taking the win. Kennedy-Sim and Belle Brockhoff, participants were exposed to high-performance resources +XJKHVȇQRUWKHUQKHPLVSKHUHVHDVRQZDV including on snow coaching nutrition, sports distracted by injury, ultimately concluding his medicine and performance psychology. World Cup campaign early to return home for a procedure on his knee. INITIATIVES

Belle Brockhoff completed a full northern winter The SBX Futures Camp continues to be a key of on snow training as she progressed in her development and talent identification program, knee rehabilitation following ACL surgery. again operating at capacity thanks to the commitment from of the OWIA program and Emily Boyce, Christina Taylor and Kye Chaplin VXSSRUWIURP0W+RWKDP)XWXUHVDOVRIRFXVHG represented Australia at the FIS Junior World on coach development with club and program Championships in Reiteralm, Austria with Junior coaches invited to attend a workshop led by 1DWLRQDO7HDP&RDFK+DUDOG%HQVHOLQDQG NSWIS SBX Coach Jason Clauscen.

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ PARK & PIPE

PyeongChang 2018 Olympic Winter resulted in the provision of off snow camps and strength and conditioning (S&C) support during Games bronze medallist, Scotty the domestic season. James, had a remarkable season, winning each of the six events he entered.

James’ “perfect season” included gold medals at the Dew Tour, X-Games, US Grand Prix, Laax Open, US Burton Open and the 2019 FIS World Championships. The World Championship victory in Park City was James’ third consecutive World Championship title following wins in Austria  DQG6SDLQ  ΖWZDVDUHFRUGEUHDNLQJ performance with James becoming the first-ever snowboard rider and Australian winter sports athlete to take three consecutive crowns. The 2019 FIS Freestyle Skiing and Snowboard World Championships held in Park City, USA, was a season highlight for Kent Callister, who achieved a career best fifth place with fellow Kent Calliser teammate Emily Arthur finishing 18th. 5th place at World Championships in Deer Valley 'XDO-XQLRU:RUOG&KDPSLRQ  7HVV&RDG\ continued the rehabilitation of her knee injury A number of Park & Pipe Performance Camps sustained at the PyeongChang 2018 Olympic were held during the year, both domestically Winter Games, returning to snow during and internationally. These camps included December 2018. Tess’ return to competition will on snow training at Stomping Grounds in take place in November 2019. 6ZLW]HUODQGWKH$1&7RXULQ1HZ=HDODQGDV It was another personal best this time for well as camps during the domestic season. young gun Matt Cox finishing fifth place at the These were accompanied by off snow air bag Cardrona World Cup in the Big Air. training camps in Japan, USA and Austria. Another rising Star Valentino Guseli continued INITIATIVES to impress throughout the season with multiple podium finishes, highlighted with a win in the The Park & Pipe Futures program has become +DOISLSH-XQLRU-DPDWWKH%XUWRQ862SHQDV a valuable Talent ID opportunity for athletes well as taking out first place in the Slopestyle that train within and independently of pathway World Rookie Finals in the grom section. programs. Futures is also a great way to bring together all of the resort programs and pathway PROGRAMS program coaches for personal development and Snow Australia education. To allow for The Emerging Talent Scholarship (ETS) was greater participation the Futures Programs restructured this year to become the Emerging this season moved to September which saw Talent Program (ETP). The program, aligned with numbers increase to over 55 participants and the South East Sport Academy (SESA), providing better engagement from National Team athletes strength and conditioning, psych and athlete while minimising any impact on training and wellbeing and education (AWE) services to competition schedules. athletes in pathway programs. The alignment

Ʌ6QRZ$XVWUDOLD PARA WINTERSPORTS

After a successful PyeongChang 2018 Paralympic Winter Games, the Australian athletes continued their strong form on the Word &XSFLUFXLWDFKLHYLQJSRGLXP ȴQLVKHVEHWZHHQ3DUD$OSLQHDQG Para Snowboard athletes.

Additionally, the FIS World Para Alpine Skiing and World Para Snowboarding World Championships held in Kranjska Gora, Slovenia, Sella Nevea, Italy and Pyha, Finland delivered strong results for the Australian team. Melissa Perrine and guide Bobbi Kelly achieved four World Championships podium results with gold in Women’s Visually Impaired (VI) Super Combined, silver in both Giant Slalom and Super Silver at the Para Snowboard World Championships G and bronze in Slalom. Mitch Gourley took home the bronze in the Men’s Standing Slalom. Para Snowboard In Pyha, all members of the Para Snowboard Team took home medals in snowboard cross The Para Snowboard team moved from strength event, with silver for Ben Tudhope in the Men’s to strength under the appointment of coach LL2, silver for Simon Patmore, with a bronze Mikko Wendelin. In addition to the multiple medal for in the men’s Upper Limb World Cup medals achieved by athletes on the category. WPSB World Cup circuit, the Australian team won the overall Nations trophy at the end of PROGRAMS the season with Ben Tudhope taking out the Para Alpine discipline overall for men’s LL2 Banked Slalom, with Patmore and Pollard also taking home Domestically the team is training at Thredbo and discipline podium places in the overall ranking at Perisher resorts for on snow activity with the the end of the season. off-snow training base at the Jindabyne Sport and Recreation facility. INITIATIVES Internationally, the team followed the World Para Futures was run with a total of nine new Para Alpine Skiing World Cup circuit in Europe, athletes attending the weekend with National with Melissa Perrine and Bobbi Kelly attending Classification, expert coaching from discipline the last World Cups and Corld Cup finals where +HDG&RDFKHVDQGPHQWRULQJIURP$XVWUDOLDQ they placed second overall as well as podium athletes over the two days. finishes in Giant Slalom (gold), Super G (silver) and Slalom (bronze). The team were trained E\$OSLQH+HDG&RDFK5\DQ3HDUODQG$VVLVWDQW Coach until his departure from WKHSURJUDPLQ0D\WRPRYHWR+HDG&RDFK at Perisher Winter Sports Club.

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ ATHLETE PATHWAY FRAMEWORK DEVELOPED

FOUNDATION

TALENT

EMERGING

MASTERY

Snow Australia adopted Sport Australia’s (SA) which allows our community to: FTEM (Foundation, Talent, Elite and Mastery) ȫ • Easily understand each stage of athletic framework to improve its pathway structure and development within the participation and by doing so, reviewed, developed, and aligned all performance pathways pathway activities to ensure an evidence-based approach to athlete development. ȫ • Better understand the critical importance of the acquisition and refinement The Australian Institute of Sport (AIS) of fundamental movement skills to lifelong originally developed the FTEM framework to sports participation and high performance directly support these key outcomes of sport athlete development participation being; Active Lifestyle, Sports ȫ • Reach their optimal performance level, Participation, and Sporting Excellence. The be it recreational, interschool, club, national FTEM model is a fully integrated, evidence- or international competition based framework representing the Foundaion, Talent, Elite and Mastery of the ‘whole of sport’ ȫ • Acquire the skills to encourage lifelong pathway. It clearly categorises and articulates engagement in Snowsports key features of each stage of an athletes journey and provides a practical method to assist sport Alpine and Snowboard Cross pathways were and athlete stakeholders to maximise and released during the reporting period with manage athlete development. Moguls, Cross Country, Park & Pipe and Para Snowsport documents released shortly after. In delivering this framework and assist the community in understanding the different All discipline pathway frameworks are available stages of development, Snow Australia under the ‘Pathway’ section on the Snow developed discipline-specific Athlete Pathways, Australia website.

Ʌ6QRZ$XVWUDOLD SNOW AUSTRALIA ALPINE ATHLETESNOW AUSTRALIA PATHWAY ALPINE

SNOW AUSTRALIA TALENT TO ELITE ALPINE ATHLETE PATHWAY TO HIGH PERFORMANCE PODIUM SUSTAINED INTERNATIONAL SUCCESS OVER MULTIPLE HIGH PATHWAY PERFORMANCE CYCLES M1

PODIUM READY ACHIEVINGACHIEVI PODIUM SUCCESS IN PEAK INTERNATIONAL COMPETITIONS SUCHSUCH ASAS WORLD CHAMPIONSHIPS, OLYMPIC GAMES AND WORLD CUPS E 2

PODIUM READY ACHIEVEMENTAC OF AN ELITE STATUS THROUGH SENIOR NATIONAL SELECTION AND REPRESENTATION E 1

PODIUM POTENTIAL BREAKTHROUGHB AND PREPARATION FOR TRANSITION THROUGH T4 ELITEELITE INDIVIDUAL PROGRAM PLANS, BENCHMARKING, COMPETITION PREPARATION AND EXPOSURE FOUNDATIONON DEVELOPING COMMITMENTCOMMIT AS A PRE-ELITE ATHLETE AND REFINEMENT OF HOLISTIC SKILLS THROUGH EFFECTIVE, DELIBERATE PROGRAMMING T3 PARTICIPATION PATHWAYSWAYS

COMPETING IN ENJOYMENT IN ON-- EMERGING PARTICIPATION EVENTS SNOW RECREATIONALNAL PERFORMANCE POTENTIAL IS VERIFIED THROUGH HOLISTIC ATHLETE PROFILING ACROSS THE LIFESPAN ACTIVITY ACROSS THE SUPPORTED BY CLUB INDIVIDUAL PERFORMANCE PLANS AND BENCHMARKING T2 FROM INTERSCHOOLSNTERSCHOOLS LIFESPAN TO MASTERSSTERS POTENTIAL IDENTIFIED PERFORMANCE POTENTIAL IDENTIFIED THROUGH INITIAL DEMONSTRATION OF SKILLS T1

FOUNDATION REGULAR COACHING, PRACTICING AND COMPETING THROUGH CLUBS, SNOW AUSTRALIA PROGRAMS AND FIS EVENTS. F3 CONTINUED ENJOYMENT IN FREESKI ACTIVITY AND COMPETING IN PARTICIPATION EVENTS ACROSS THE LIFESPAN

FOUNDATION INTRODUCTION TO SNOWSPORTS THROUGH DEVELOPMENTALLY-APPROPRIATE PROGRAMS WITHIN SCHOOLS AND F2 CLUBS, FREESKI AND SPORT SAMPLING

FOUNDATION LEARNING AND ACQUIRING THE BASIC FOUNDATIONS OF SNOWSPORTS THROUGH OFF-SNOW FUNDAMENTAL F1 MOVEMENT SKILLS, FREESKI AND SNOW PLAY

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ 2019 AUSTRALIAN SKI & SNOWBOARD AWARDS

L-R Para Snowsport Athletes Athlete, Ben Tudhope with Para Outstanding Achievement recipients Mogul Skiers Matt Athletes of the Year Bobbi Kelly (Guide) and Mel Perrine Graham and Jakara Anthony

Australia’s top ski and snowboard athletes really blessed and lucky that we have them.” ZHUHMRLQHGE\RYHUKXQGUHGPHPEHUVRI Although unable to accept the award in person, the community to celebrate their outstanding James expressed his excitement for the award achievements during the last year at the 2019 from his training camp in Switzerland. Australian Ski & Snowboard Awards. “A huge thank you to VIS, AIS, AOC, SSA, OWIA, With an unbeaten season, triple Olympian Red Bull, Oakley, my brother Sean James, Stu Scotty James was awarded the Athlete of Smith, Allison Miles, Will Morgan and James the Year (Olympic disciplines), with triple Jackson, as well as my family and friends. Paralympian Melissa Perrine becoming the first female athlete, along with her sighted “It’s an absolute honour to win this award, big guide Bobbi Kelly, to win Athlete of the Year congratulations to all the other nominees, what (Paralympic disciplines). The first females to win an amazing year for Australian wintersport and the prestigious Athlete of the Year (Paralympic I’m really looking forward to getting back home Disciplines) award, triple Paralympian Melissa this winter to train alongside all of you,” he said. Perrine and guide Bobbi Kelly were over the Ski and Snowboard Australia CEO Michael moon with the award. Kennedy said that across the season Australia’s “It’s really cool, we were up against Benny elite ski and snowboard athletes showed (Tudhope) and the rest of the Para crew and to outstanding skills on the world stage. come away with it is a pretty cool feeling and “It is never easy backing up from an Olympic rounds up our year nicely. season but to our athletes credit they not only “I think this season I put together a bit more maintained their performances but, in many consistency in my performances, I’m a relatively cases, took their sport to the next level. Scotty consistent trainer but my performances have -DPHVLVDZRUWK\ZLQQHUWRQLJKW+HLVZLWKRXW always been a bit up and down. This year with GRXEWWKHEHVW6QRZERDUG+DOISLSHULGHULQWKH Bobbi we were able to put together a bit more world and his unbeaten season confirms this. consistency and that got us some excellent “It is particularly pleasing to see the next results. generation coming through. From a Junior “SSA put together such an awesome program. perspective the past 12 months have seen The para program is so lucky with what we several new prospective stars emerge and we get and thank you to Australian Paralympics can’t wait to see what they can do in the lead up for helping out with that and coaches and to 2022 and beyond. teammates, we have a great team and are a “Congratulations to all the nominees and award massive family on the road,” said Perrine. winners, as well as their family and friends who Sighted guide Kelly echoed Perrine’s feelings helped them on their journey,” he said. saying “we’re a super close family, we’re just

Ʌ6QRZ$XVWUDOLD ²ȁȌɩƦȌƊȲƮɩƊȲƮȺªƵƧǞȯǞƵȁɈȺۋ׉ɐȺɈȲƊǶǞƊȁ²DzǞׁ׀ׂ

AWARD WINNER DETAIL

Athlete of the Year Scotty James It was an unprecedented season for triple Olympian Scotty (Olympic Discipines) James who completed the perfect season winning every event he entered. As part of his incredible achievements, Scotty notched up his third consecutive FIS World Championship title at Copper Mountain, USA, the first person to achieve such a feat.

Athlete of the Year Melissa Perrine & Triple Paralympian Melisa Perrine teamed up with Bobbi Kelly (Paralympic Bobbi Kelly (Guide) during the 2018-2019 season with the duo delivering a stand out Discplines) international performance. Together they delivered 12 medals on the Para Alpine World Cup Circuit, finishing second on the Overall Para Alpine Standings for the 2018-2019 competition year. At the 2019 Para Alpine World Championships, Mel and Bobbi won a total of 4 medals (1 gold Super Combined, 2 silver Giant Slalom and Super G and 1 bronze Slalom).

Junior Athlete of the Doug Crawford & Doug Crawford was in fine form at the Junior World Year Emily Boyce Championships, winning bronze in the Ski Cross at Reiteralm, Austria. This was Australia’s first Ski Cross medal at this event. Emily Boyce competed at the Snowboardcross Junior World Championships in Reiteralm winning a bronze medal. In her first season on the Europa Cup tour Emily claimed five top ten finishes against many of the top World Cup riders from across the globe.

Coach of the Year Peter McNiel Freestyle Moguls coach Peter McNiel has been the long time coach (Olympic Disciplines) of Jakara Anthony and in that time has helped develop her into a world class athlete where in season 2018-19 she achieved second place in the Ladies Overall Moguls World Cup standings.

Coach of the Year Ryan Pearl & Together Ryan and Christian coached the Para Alpine team (Paralympic Christian Geiger through the 2018-2019 season during a time which saw the Disciplines) team achieve a total of 14 World Cup Medals and five World Championships medals.

Development Coach Jason Clauscen Jason Clausen coached various junior snowboard athletes to of the Year outstanding results throughout the season including a third and fifth place to Emily Boyce and Christina Taylor at the Junior World Championships, as well as guiding young Finn Sadler to a bronze medal at a Europa Cup.

Outstanding Matt Graham & Australian Olympians Matt Graham and Jakara Anthony won Men’s Achievement Jakara Anthony and Women’s Moguls World Championships silver medals in Deer Valley, Utah. On the one-year anniversary of the PyeongChang 2018 Opening Ceremony, it marked the first World Championships podiums for both athletes, after the pair were the top placed Aussies at last year’s Olympic Winter Games.

Athletes Athlete Cam Bolton & Ben This inaugural award presented by Club Med recognised those Tudhope athletes that perform on the race course but are also looking out for their teammates and others in their program.

Snowsport School of The Scots College the Year

Outstanding PLC Sydney Achievement for Small Schools

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ 2019 COMMUNITY SPORT AWARDS

2019 Community Sport Awards Winners

Under the new unified structure of snowsports “The Community Awards were a great in Australia, the inaugural Snow Australia opportunity to recognise people across the Community Sport Awards were launched in Australian snow sport community who give so 2019 to showcase the great achievements of the much at a grassroots level to make our sport sports at the grassroots and community level. one of the most enjoyed participation sports in the country,” Kennedy said. One purpose of unification was to provide enhanced integration of pathways for athletes “We not only had the opportunity to celebrate as well as partner more effectively with all levels great emerging talent, but also recognise the of the organisation. significant contribution of our clubs, coaches and officials, who without, our sport quite The Snow Australia Community Awards were simply would not exist and thrive.” able to celebrate the great achievements across the pathway and acknowledge the hard work of “In 2018 we came together as one organisation the sport’s athletes, volunteers, clubs, schools and we were pleased to unveil in 2019 our and development coaches. new brand, Snow Australia, which we hope will connect more people to our sport,” Kennedy Designed to recognise the pillars and people at said. the development and pathway level of the sport, the Awards also importantly recognised the significant service of those who continue to give back to the sport. Snow Australia Chief Executive Officer Michael Kennedy said in its inaugural year, the Snow Australia Community Awards saw close to 200 people gather to celebrate the hard work that goes into making the sport successful.

Ʌ6QRZ$XVWUDOLD ׉²ȁȌɩɐȺɈȲƊǶǞƊ!ȌǿǿɐȁǞɈɯ²ȯȌȲɈɩƊȲƮªƵƧǞȯǞƵȁɈȺׁ׀ׂ

AWARD BACKGROUND WINNER

Service to Snowsport This award recognises individuals from the Leslie Ludwig snowsport community who have made a positive difference to the opportunities and experiences available to others over a long period of time.

Club of the Year This award recognises an affiliated club Thredbo Ski Racing Club who are performing in the key areas of leadership, operations, performance environment and pathway intelligence and has a strong commitment to encourage and support participation in snowsports.

Club Coach of the Year This award recognised the exceptional Hamish Cox (Team Buller) contribution made by a club coach during the season with a focus on improving community sport through encouraged participation, fairness, integrity and making snowsports more welcoming.

Young Achiever of the An award to recognise a young athlete who Jack Adams Year has achieved excellene both o nand off the snow or who has overcome adversity or achieved something special within the community.

Pathway Initiative Award This award recognises individuals, clubs NSW Freestyle Talent or programs that have created a program, Identification Program project, campaign that has provided a significant impact to snowsports.

Official of the Year An award to recognise a snowsports official Paul Livissianos who has demonstrated excellence in their role during the season.

Outstanding An award to highlight a single outstanding or The Scots School Albury Achievement of the Year unique school snowsports program, activity or intitiative.

Snowsports School of An award to highlight the contributino of Snowy Mountains Grammar the Year school snowsports program School

Spirit of Interschools An award to recognise an individual student Maysen Duffy Award who, through their actions, have embodied the spirtin of Interschool competition.

Emerging Talent Athlete Awards

An award presented to an athlete per discipline who are deemed to have achieved both outstanding results at an international, national and/or state level and maninted a high level of focus, dedication and commitment towards training and personal improvement.

Alpine Skiing Zoe Michael

Cross Country Zana Evans

Mogul Skiing George Murphy

Park & Pipe Ski Joey Elliss

Park & Pipe Snowboard Chelsee Kelley

Snowboard Cross Mia Clift

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ IMAGE

Ʌ6QRZ$XVWUDOLD PARTICIPATION

The success of Australian While the Victorian Interschools had the largest growth in entries in 2019 for a single event, snowsports athletes on the world the Northern (NSW, ACT, QLD) Interschools stage has continued to build the also continued to increase with a 6% increase popularity of the sport and help to in participants, which has been consistent for many years over the last decade. The Northern grow the participation rates in the / QLD, Sydney and ACT / Southern region events various snowsports disciplines. all experienced growth in entries, whilst more encouraging is the ever growing number of schools that are participating in the events.

The snowsports pathway for competitive INTERSCHOOL PARTICIPATION FIGURES snowsports in Australia starts at the grassroots level with the Interschools events. For many CATEGORY NUMBER this is their first taste of the thrill of racing Victoria or competing on the moguls or slope style courses. Interschools has always been a fun Students 3110 and welcoming event environment for school children, which is continuing to be a successful Schools 228 entry point for many athletes daring to dream Entries 6852 on their journey in the performance pathway of the sport. NSW / ACT / QLD

The pathway opportunities in Australia are ever Students 3484 increasing, striving to put a greater number of talented athletes on the world stage. At the Schools 417 participation level Snow Australia is continuing Entries 11899 to grow the base of the pyramid with quality event experiences, and more opportunities for people to either be involved in the participation pathway as a life-long participant in the sport, Students 186 or assist young athletes transition into to the Schools 42 performance pathway. Entries 193 INTERSCHOOL SNOWSPORTS Nationals The Snow Australia Interschools Snowsport Championships are the lifeblood of participation Students 1769 in the sport. The Interschools events ensure all Australian children have access to a world Schools 312 class competitive snowsports experience. Entries 3668 0DQ\FKLOGUHQSDUWLFLSDWHIRUXSWR\HDUVLQ Interschools events, and year on year we are seeing more former Interschools participants New rules have been implemented by the earn a start in World Cup events. National Interschools Committee promoted In 2019 the Victorian Interschools eclipsed increased participation, while attempting to a long-standing record number of entries, combat the costs for younger participants and with 6,852 entries. The number of entries has improving athlete safety on course. Rules that grown considerably over the past 2 years and restricted the use of race suits in Division 5 the host resort, Mt. Buller has worked hard to DQGUHVWULFWLQJXVHRI+LJK)OXRUR&DUERQ accommodate the extra growth in entries, while Waxes, and safer rules in relation to participants still providing a quality event experience. stopping on course were all successfully integrated into the Interschools events in 2019.

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Volunteer Course Officials continue to assist The annual membership renewal process was in the conduct of safe Interschools events. The changed in 2019 to assist the sport in updating sport is extremely grateful for the continued the data and records we have for the SnowID support from all the volunteers that help during membership. Snow Australia will continue to the Interschools events, with approximately work with the resorts and event partners to 1,900 course officials positions filled during the grow the number of sport participants with season. Without the willingness of parents and registered SnowIDs. school teachers to help, the events would not be able to be conducted to the same standard for The Snowracer website and App has continued the competitors. to provide significant growth in engagement with the sport. In 2019 combined Snowracer SNOWRACER website and APP analytics showed that users Aside from the Interschools, Snow Australia’s were up 115%, sessions were up 91%, and the other major participation initiative is Snowracer. average session duration increased by 19% on Snowracer is the leading platform for live timing the previous data from the 2018 Australian snow and live scoring of Australian snowsports events, season. as well as a one-stop-shop for information about snowsports events during the Australian winter. SNOWRACER STATS Snowracer is website based and also an APP for both iOS and android devices. CATEGORY 2018 2019 % Change Live Events 389 465 +19.5% Listed

Time Race 1st 24,674 28,662 +16.2% run starts

Scored Events 1st 2,798 2,743 -0.02% run starts

Total 1st runs 27,472 31,405 +14.3% starts

LITTLE SHREDDERS & LITTLE GLIDERS Little Shredders is Snow Australia’s Sporting Schools participation program available to schools and students across Australia. In partnership with Sport Australia, Snow Australia ZDVRQHRI1DWLRQDO6SRUWLQJ2UJDQLVDWLRQV (NSOs) selected to develop school-based products aimed at increasing the amount and frequency of physical activity by students.

In 2019 Snow Australia embarked on a ‘soft launch’ of Little Gliders. Little Gliders is a new Cross-Country Ski curriculum that uses Snow Australia’s unique registration number – modified ski equipment to compliment the Little SnowID – continues to successfully enable the Shredders Program. Little Gliders was trialled sport to better track the number of snowsports successfully by Snow Australia at Melbourne participants. 2019 saw continued growth in Girls Grammar School and at some targeted the number of SnowID members with more schools throughout the ACT with the aim WKDQQRZUHJLVWHUHGZLWKD6QRZΖ' of giving the program wider scope through

Ʌ6QRZ$XVWUDOLD Sporting Schools in the future. Little Shredders by Numbers ȫ /LWWOH6KUHGGHUVSURJUDPVZHUHUXQDW VFKRROVWKURXJKRXW7HUPVDQG ȫ Approximately 2,655 primary school students participated in the Program ȫ 6 Schools chose to purchase rather than rent equipment ȫ 3XEOLF/LWWOH6KUHGGHUVDFWLYDWLRQV ‘Tourism North East – Your Midweek Lift Activation’ at Southern Cross Station Springvale Snow Festival World Sport Accord at the Gold Coast The breakdown of participation in Little Shredders spread across Australia: ȫ LQ9LFWRULD ȫ 420 in NSW ȫ LQ$&7 ȫ 280 in WA ȫ 162 in QLD

2019 NATIONAL PARTICIPATION 2019 also saw a departure from the ‘Golden CONFERENCE Ticket’ initiative. After joint discussions between Following a successful NSW Interschools the Resorts and Snow Australia it was agreed to FRQIHUHQFHLQ6\GQH\LQWKH1DWLRQDO move forward without the Golden Ticket aligned Participation Committee put in place the with the program. planning to develop and run a 2-day Snowsports National Participation Conference. The aim In a year of transition in the program it was of the conference was to bring together encouraging to see schools from across the Snowsports Coordinators from around Australia country continuing to engage with the Little for the first time to explore the theme of, Shredders program through the ‘teacher supporting participation in snowsports and delivered’ and ‘coach delivered’ packages developing champions. without the Golden Ticket offer. The conference took place over 2 days in In another positive for Little Shredders there &DQEHUUDRQWKHWKDQGWKRI1RYHPEHU were more schools that have purchased and explored all elements of the Participation equipment kits and extra equipment bundles and Performance pathways within Australian in 2019, allowing for Little Shredders to become Snowsports. a permanent fixture in their school’s sporting curriculum. FRQIHUHQFHGHOHJDWHVDORQJZLWK representatives from the major Ski Resorts, Schools, the broader Snowsports Industry and Sport Australia contributed a very successful conference.

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Keynote topics addressed Day 2 ȫ Unique insights from Sport & The SnowSports ȫ Developing Sustainability, Safety and Success Industry ȫ Child Safe Sport – Best practice and principles ȫ The Athlete SnowSports Pathway – ȫ Risk management in Snowsports – Developing 3DUWLFLSDWLRQWR+LJK3HUIRUPDQFH School risk management plans ȫ Snowsports Risk Management – The Sport/ ȫ Snow Safety, including concussion guidelines Resort / School Legal Requirements; and ȫ Developing successful cross country ski ȫ Athlete Inspirational and Aspirational stories programs from school to the Olympics. ȫ Approaching participation issues – have your say.

Snow Australia will continue to develop more initiatives that will bring diverse segments of the snowsports industry and the sport together, to ensure that the future of snowsports in Australia will help keep the sport relevant and achieving success on the world stage.

Belindate Trembath 0W+RWKDP*HQHUDO0DQDJHU presenting at the Participation Conference

Along with the keynotes there were four Workshop sessions conducted over the 2 days of the conference. Topics included:

Day 1 ȫ Developing Snowsports Participation ȫ Role of schools within the snowsports athlete pathway & Physical Literacy ȫ Building & Sustaining a successful school snowsports team ȫ Cross Country 101: Developing Cross country skiers ȫ National Participation Development Initiatives

Ʌ6QRZ$XVWUDOLD L-R: Snow Australia Chairman Dean Gosper, Sport Australia CEO Kate Palmer, Snow Australia CEO Michael Kennedy

L-R: Bobbi Kelly, Mel Perrine, Jono Brauer, Manuela Berchtold

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ IMAGE

Ʌ6QRZ$XVWUDOLD FUTURES

FUTURES programs allow Snow prevention, coachability and skill progression, the Athlete Pathway, recovery, nutrition Australia to identify and develop and health. An additional benefit was the talent, to increase education and opportunity for young athletes to experience an awareness around the Athlete elite team environment that replicated a NSWIS/ OWIA live-in training camp. 3DWKZD\DQGWRR΍HUXQLTXHRQ DQGR΍VQRZH[SHULHQFHVIRU 2019 also premiered a new on-snow Ski Cross FUTURES program at Falls Creek as the next generation of aspiring part of the lead up to the National Children’s Snowsport athletes. Championships. All participants were given access to the competition course and mentored by the elite athletes and coaches from our National Team. FUTURES also provide a space for participants Snow Australia would like to thank all the resorts to interact with and learn from the current for their support of the Futures program and National Team athletes and coaches in their allowing access to their facilities, the National respective disciplines. Coaches and athletes who provide their time In 2019 we delivered nine programs across four and expertise and the Pathway Program resorts and three cities. We also hit record Coaches that assisted in the delivery of Futures participation numbers, with over 400 aspiring programs throughout 2019. snow sport athletes taking part in FUTURES throughout the year in one of the following programs:

ȫ 0HOERXUQH$&52$SULO6FKRRO+ROLGD\ Sessions ȫ Melbourne Weekly ACRO Program ȫ Sydney Weekly ACRO Program ȫ AIS Pre-Season FUTURES Camp ȫ Thredbo ACRO FUTURES ȫ +RWKDP6%;)8785(6 ȫ Falls Creek Ski X FUTURES ȫ Perisher Para FUTURES ȫ Perisher Park & Pipe FUTURES

There were several new FUTURES initiatives in 2019. Understanding that acrobatics and gymnastics are critical to athlete development, we offered cross-discipline ACRO sessions in Melbourne and Thredbo, with ongoing after- school Snowsport gymnastics program options for Melbourne and Sydney.

The first over-night FUTURES camp was delivered in June at the AIS. The program allowed participants to engage with high performance facilities, services and coaches in the lead up to the Season. Session topics included gymnastics, goal setting, injury

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

6NL 6QRZERDUG$XVWUDOLD/LPLWHG

)LQDQFLDO6WDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU

Ʌ6QRZ$XVWUDOLD 6NL 6QRZERDUG$XVWUDOLD/LPLWHG

&RQWHQWV

3DJH

'LUHFWRUV 5HSRUW  $XGLWRU V,QGHSHQGHQFH'HFODUDWLRQ  6WDWHPHQWRI3URILWRU/RVVDQG2WKHU&RPSUHKHQVLYH,QFRPH  6WDWHPHQWRI)LQDQFLDO3RVLWLRQ  6WDWHPHQWRI&KDQJHVLQ(TXLW\  6WDWHPHQWRI&DVK)ORZV  1RWHVWRWKH)LQDQFLDO6WDWHPHQWV  'LUHFWRUV 'HFODUDWLRQ  $XGLWRU V5HSRUW 

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

'LUHFWRUV 5HSRUW

'LUHFWRUV 7KHQDPHVRIWKHGLUHFWRUVLQRIILFHDWDQ\WLPHGXULQJRUVLQFHWKHHQGRIWKH\HDUDUH 'HDQ*RVSHU 1LFKRODV.HQQHG\ 5HWLUHG-DQXDU\  .LP&OLIIRUG 6X]LH:DUZLFN +XJK:KDQ 0DQXHOD%HUFKWROG /RXLVH%DUUHWW 6WHYH&RRSHU 'DQLHO%RVFR $SSRLQWHG-DQXDU\

'LUHFWRUVKDYHEHHQLQRIILFHVLQFHWKHVWDUWRIWKHILQDQFLDO\HDUWRWKHGDWHRIWKLVUHSRUWXQOHVV RWKHUZLVHVWDWHG

7KHFXUUHQWILQDQFLDO\HDUVDZDVLJQLILFDQWDQGSURIRXQGO\LPSRUWDQWFKDQJHLQWKHRSHUDWLRQDODQGILQDQFLDODFWLYLW\RIWKH RUJDQLVDWLRQIROORZLQJLWVXQLILFDWLRQZLWK16:6NL$VVRFLDWLRQ/WG 6QRZ6SRUWV$&7/WG7KHPHUJHUKDVUHVXOWHGLQ LQFUHDVHGFDSDFLW\DQGRYHUDOOILQDQFLDODFWLYLW\SULPDULO\GXHWRWKHLQWHJUDWLRQRI1RUWKHUQ,QWHUVFKRROV6QRZVSRUW RSHUDWLRQVLQWRWKH66$$FFRXQWV)XUWKHU6NL 6QRZERDUG$XVWUDOLDKDVEHJXQWUDGLQJDV6QRZ$XVWUDOLDVLQFHWKHHQG RIWKHUHSRUWLQJSHULRG

7KHSULQFLSDODFWLYLWLHVRIWKHFRPSDQ\GXULQJWKH\HDUZHUHWKHDGPLQLVWUDWLRQRIWKHVSRUWVRIVNLLQJDQGVQRZERDUGLQJLQ $XVWUDOLD

7KHHQWLW\ V2SHUDWLRQDO3ULRULWLHVDUHWR (QVXUH$XVWUDOLDUHPDLQVDVXFFHVVIXOQDWLRQDW:RUOG&XS:RUOG&KDPSLRQVKLSVDQG2O\PSLFDQG 3DUDO\PSLF*DPHV ,QFUHDVHSDUWLFLSDWLRQDQGFRPPXQLW\HQJDJHPHQWLQFRPSHWLWLYH6QRZ6SRUWVDWDOOOHYHOV 6WUHQJWKHQQHWZRUNRIFRDFKHVYROXQWHHUVWHFKQLFDORIILFLDOVDQGDGPLQLVWUDWRUVZKRSURYLGHVXSSRUWRI FRPSHWLWLYH6QRZ6SRUWVLQ$XVWUDOLD *HQHUDWHILQDQFLDOUHVRXUFHVDQGSURYLGHHIIHFWLYHDGPLQLVWUDWLRQDQGFRPPXQLFDWLRQ (VWDEOLVKD1DWLRQDO2SHUDWLRQDO0RGHOIRUWKHGHOLYHU\RIWKH6QRZVSRUWVSDWKZD\

7KHHQWLW\ VORQJWHUPREMHFWLYHVDUHWR 6XSSRUWVQRZVSRUWDWKOHWHVDQGGHYHORSFKDPSLRQV

7RDFKLHYHWKHVHREMHFWLYHVWKHHQWLW\KDVDGRSWHGWKHIROORZLQJ6WUDWHJLF3ULRULWLHV ,QFUHDVHUHOHYDQFH ,QFUHDVHUHYHQXHGLYHUVLILFDWLRQ ,QFUHDVHWKHWDOHQWSRRO ,QFUHDVHSDWKZD\FDSDFLW\

.H\3HUIRUPDQFH0HDVXUHV 7KHFRPSDQ\PHDVXUHVLWVRZQSHUIRUPDQFHWKURXJKWKHXVHRIERWKTXDOLWDWLYHDQGTXDQWLWDWLYH EHQFKPDUNV7KHEHQFKPDUNVDUHXVHGE\WKHGLUHFWRUVWRDVVHVVWKHILQDQFLDOVXVWDLQDELOLW\RIWKH FRPSDQ\DQGZKHWKHUWKHFRPSDQ\ VVKRUWWHUPDQGORQJWHUPREMHFWLYHVDUHEHLQJDFKLHYHG

Ʌ6QRZ$XVWUDOLD 'LUHFWRUV 5HSRUW

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¶V+RVSLWDO)RXQGDWLRQ

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

'LUHFWRUV 5HSRUW

6WHYH&RRSHU 4XDOLILFDWLRQV 'LSORPD9LVXDO$UWV(GXFDWLRQ ([SHULHQFH 'LUHFWRURI66$VLQFH %RDUG0HPEHURI16:6QRZVSRUWVVLQFH &KDLURI16:,QWHUVFKRRO V6QRZVSRUWVVLQFH &KDLURI16:)UHHVW\OH6QRZVSRUWVVLQFH &KDLURI66$1DWLRQDO3DUWLFLSDWLRQ&RPPLWWHH

'DQLHO%RVFR 4XDOLILFDWLRQV &LYLO(QJLQHHULQJ'HJUHH ([SHULHQFH *UDGXDWHRIWKH$XVWUDOLDQ,QVWLWXWHRI&RPSDQ\'LUHFWRUV 0HPEHURI(QJLQHHUV$XVWUDOLD 'LUHFWRURIFRQVWUXFWLRQPDWHULDOGLVWULEXWLRQEXVLQHVV 16:)UHHVW\OH&KDLUIRU\HDUV 16:6QRZVSRUWV&KDLUIRU\HDUV

0HHWLQJRI'LUHFWRUV 'XULQJWKHILQDQFLDO\HDUPHHWLQJVRIGLUHFWRUVZHUHKHOG

$WWHQGDQFHVE\HDFKGLUHFWRUZHUHDVIROORZV 'LUHFWRUV 0HHWLQJV 1XPEHU HOLJLEOHWR DWWHQG 1XPEHUDWWHQGHG 'HDQ*RVSHU   1LFKRODV.HQQHG\   .LP&OLIIRUG   6X]LH:DUZLFN   +XJK:KDQ   0DQXHOD%HUFKWROG   /RXLVH%DUUHWW   6WHYH&RRSHU   'DQLHO%RVFR  

0HPEHUVJXDUDQWHH 7KHHQWLW\LVLQFRUSRUDWHGXQGHUWKH&RUSRUDWLRQV$FWDQGLVDFRPSDQ\OLPLWHGE\JXDUDQWHH ,IWKHFRPSDQ\LVZRXQGXSWKHFRQVWLWXWLRQVWDWHVWKDWHDFKPHPEHULVUHTXLUHGWRFRQWULEXWHDPD[LPXP RIHDFKWRZDUGVPHHWLQJDQ\RXWVWDQGLQJREOLJDWLRQVRIWKHHQWLW\ $W2FWREHUWKHWRWDODPRXQWWKDWPHPEHUVRIWKHFRPSDQ\DUHOLDEOHWRFRQWULEXWH LIWKHFRPSDQ\LVZRXQGXSLV  

$XGLWRU V,QGHSHQGHQFH'HFODUDWLRQ $FRS\RIWKH$XGLWRU V,QGHSHQGHQFH'HFODUDWLRQDVUHTXLUHGXQGHU6HFWLRQFRIWKH &RUSRUDWLRQV$FWLVVHWRXWRQSDJH

6LJQHGLQDFFRUGDQFHZLWKDUHVROXWLRQRIWKH%RDUGRI'LUHFWRUV

'HDQ*RVSHU &KDLU

'DWHGWKLVWKGD\RI)HEUXDU\

Ʌ6QRZ$XVWUDOLD 

 

             $8',725¶6,1'(3(1'(1&('(&/$5$7,21 81'(56(&7,21&2)7+(&25325$7,216$&7 727+(%2$5'2)',5(&72562)6., 612:%2$5'$8675$/,$/,0,7(' $%1     ,QUHODWLRQWRRXUDXGLWRIWKHILQDQFLDOUHSRUWRI6NL 6QRZERDUG$XVWUDOLD/LPLWHG,GHFODUHWKDWWRWKH EHVWRIP\NQRZOHGJHDQGEHOLHIGXULQJWKH\HDUHQGHG2FWREHUWKHUHKDYHEHHQ  L QRFRQWUDYHQWLRQVRIWKHDXGLWRU¶VLQGHSHQGHQFHUHTXLUHPHQWVDVVHWRXWLQWKH&RUSRUDWLRQV$FW LQUHODWLRQWRWKHDXGLWDQG  LL QRFRQWUDYHQWLRQVRIDQ\DSSOLFDEOHFRGHRISURIHVVLRQDOFRQGXFWLQUHODWLRQWRWKHDXGLW  

 0D]DUV0HOERXUQH$VVXUDQFH3W\/WG 

 *UHJ+XGVZHOO 'LUHFWRU  WK)HEUXDU\ 0HOERXUQH

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

6WDWHPHQWRI3URILWRU/RVVDQG2WKHU&RPSUHKHQVLYH,QFRPH

IRUWKH\HDUHQGHG2FWREHU    1RWH    5HYHQXH   

66$3URJUDP2SHUDWLRQDQG*UDQWV     16:,69,63URJUDP2SHUDWLRQ     2:,3URJUDP2SHUDWLRQ     66$2WKHU'LVFLSOLQH([SHQVHV     (PSOR\HHEHQHILWVH[SHQVHV      'HSUHFLDWLRQDQGDPRUWLVDWLRQH[SHQVHV      2WKHUH[SHQVHV     

3URILWEHIRUHLQFRPHWD[  

,QFRPHWD[H[SHQVH  

3URILWIRUWKH\HDU  

2WKHUFRPSUHKHQVLYHLQFRPHIRUWKH\HDUQHWRILQFRPH WD[   

7RWDOFRPSUHKHQVLYHLQFRPHIRUWKH\HDU  

Ʌ6QRZ$XVWUDOLD 6WDWHPHQWRI)LQDQFLDO3RVLWLRQ

DVDW2FWREHU

  1RWH   &XUUHQWDVVHWV &DVK    7HUP'HSRVLW   7UDGHDQGRWKHUUHFHLYDEOHV    2WKHUFXUUHQWDVVHWV    7RWDOFXUUHQWDVVHWV  

1RQFXUUHQWDVVHWV 3URSHUW\SODQWDQGHTXLSPHQW    7RWDOQRQFXUUHQWDVVHWV  

7RWDODVVHWV  

&XUUHQWOLDELOLWLHV 7UDGHDQGRWKHUSD\DEOHV    2WKHUOLDELOLWLHV    3URYLVLRQV    7RWDOFXUUHQWOLDELOLWLHV  

1RQFXUUHQWOLDELOLWLHV 3URYLVLRQV    7RWDOQRQFXUUHQWOLDELOLWLHV  

7RWDOOLDELOLWLHV  

1HWDVVHWV  

(TXLW\ 5HWDLQHGHDUQLQJV  

7RWDOHTXLW\  

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

6WDWHPHQWRI&KDQJHVLQ(TXLW\

IRUWKH\HDUHQGHG2FWREHU

5HWDLQHG (DUQLQJV 1RWH 

%DODQFHDW1RYHPEHU 

7RWDOFRPSUHKHQVLYHLQFRPHIRUWKH\HDU 

%DODQFHDW2FWREHU 

%DODQFHDW1RYHPEHU 

1RUWKHUQ2SHQLQJ5HWDLQHG(DUQLQJV    7RWDOFRPSUHKHQVLYHLQFRPHIRUWKH\HDU 

%DODQFHDW2FWREHU 

Ʌ6QRZ$XVWUDOLD 6WDWHPHQWRI&DVK)ORZV

IRUWKH\HDUHQGHG2FWREHU

1RWH     &DVKIORZVIURPRSHUDWLQJDFWLYLWLHV 5HFHLSWVIURPRSHUDWLRQV   3D\PHQWVWRVXSSOLHUVDQGHPSOR\HHV     ,QWHUHVWUHFHLYHG    )LQDQFHFRVWV      1HWFDVKSURYLGHGE\RSHUDWLQJDFWLYLWLHV  

&DVKIORZVIURPLQYHVWLQJDFWLYLWLHV 3XUFKDVHRISURSHUW\SODQWDQGHTXLSPHQW     0RQLHVFRQWULEXWHGXSRQXQLILFDWLRQ   1HWFDVKXVHGLQLQYHVWLQJDFWLYLWLHV    1HWFKDQJHLQFDVKDQGFDVKHTXLYDOHQWVKHOG   &DVKDWEHJLQQLQJRIILQDQFLDO\HDU   &DVKDWHQGRIILQDQFLDO\HDU   

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU   6WDWHPHQWRIVLJQLILFDQWDFFRXQWLQJSROLFLHV

%DVLVRISUHSDUDWLRQ 6NLDQG6QRZERDUG$XVWUDOLD/LPLWHGLVDFRPSDQ\OLPLWHGE\JXDUDQWHHLQFRUSRUDWHGLQ$XVWUDOLD

6NLDQG6QRZERDUG$XVWUDOLD/LPLWHGDSSOLHV$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGV5HGXFHG'LVFORVXUH5HTXLUHPHQWV DVVHWRXWLQ$$6%$SSOLFDWLRQRI7LHUVRI$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGVDQG$$6%$PHQGPHQWV WR$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGVDULVLQJIURP5HGXFHG'LVFORVXUH5HTXLUHPHQWV

7KHILQDQFLDOVWDWHPHQWVDUHJHQHUDOSXUSRVHILQDQFLDOVWDWHPHQWVWKDWKDYHEHHQSUHSDUHGLQDFFRUGDQFH ZLWK$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGV5HGXFHG'LVFORVXUH5HTXLUHPHQWVRIWKH$XVWUDOLDQ$FFRXQWLQJ 6WDQGDUGV%RDUGDQGWKH&RUSRUDWLRQV$FW7KHFRPSDQ\LVDQRWIRUSURILWHQWLW\IRUILQDQFLDO UHSRUWLQJSXUSRVHVXQGHUWKH$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGV

$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGVVHWRXWDFFRXQWLQJSROLFLHVWKDWWKH$$6%KDVFRQFOXGHGZRXOG UHVXOWLQILQDQFLDOVWDWHPHQWVFRQWDLQLQJUHOHYDQWDQGUHOLDEOHLQIRUPDWLRQDERXWWUDQVDFWLRQVHYHQWV DQGFRQGLWLRQV0DWHULDODFFRXQWLQJSROLFLHVDGRSWHGLQWKHSUHSDUDWLRQRIWKHILQDQFLDOVWDWHPHQWV DUHSUHVHQWHGEHORZDQGKDYHEHHQFRQVLVWHQWO\DSSOLHGXQOHVVRWKHUZLVHVWDWHG

7KHILQDQFLDOVWDWHPHQWVH[FHSWIRUWKHFDVKIORZLQIRUPDWLRQKDYHEHHQSUHSDUHGRQDQDFFUXDOVEDVLV &RQWULEXWLRQVWRHPSOR\HHVXSHUDQQXDWLRQIXQGV VHOHFWHGQRQFXUUHQWDVVHWVILQDQFLDODVVHWVDQGILQDQFLDOOLDELOLWLHV7KHDPRXQWVSUHVHQWHGLQWKHILQDQFLDO VWDWHPHQWVKDYHEHHQURXQGHGWRWKHQHDUHVWGROODU

$FFRXQWLQJSROLFLHV

5HYHQXH 5HYHQXHLVUHFRJQLVHGWRWKHH[WHQWWKDWLWLVSUREDEOHWKDWWKHHFRQRPLFEHQHILWVZLOOIORZWRWKH FRPSDQ\DQGWKHUHYHQXHFDQEHUHOLDEO\PHDVXUHG7KHIROORZLQJVSHFLILFUHFRJQLWLRQFULWHULDPXVW DOVREHPHWEHIRUHUHYHQXHLVUHFRJQLVHG

Grant Revenue *HQHUDOO\JUDQWUHYHQXHLVUHFRJQLVHGDVLQFRPHRYHUWKHSHULRGVQHFHVVDU\WRPDWFKUHODWHGFRVWVRQD V\VWHPDWLFEDVLV*UDQWLQFRPHWKDWKDVEHHQUHFHLYHGLQWKHFXUUHQW\HDUZKHUHUHODWHGFRVWVDUHOLNHO\ WRLQFXULQWKHIXWXUHDFFRXQWLQJSHULRGDUHUHFRJQLVHGDVGHIHUUHGLQFRPH*UDQWUHYHQXHGRHVQRWPHHW WKHFULWHULDRIFRQWUDFWVZLWKFXVWRPHUVXQGHU$$6%5HYHQXHIURPFRQWUDFWVZLWKFXVWRPHUVDQG DVVXFKKDVEHHQDFFRXQWHGIRUXQGHU$$6%,QFRPHRI1RWIRUSURILWHQWLWLHV

Interest 5HYHQXHLVUHFRJQLVHGZKHQWKHFRPSDQ\ VULJKWWRUHFHLYHSD\PHQWLVHVWDEOLVKHG

Ʌ6QRZ$XVWUDOLD 1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU   6WDWHPHQWRIVLJQLILFDQWDFFRXQWLQJSROLFLHV ,QFRPH7D[ 7KH&RPSDQ\LVFODVVLILHGDVDVSRUWVDVVRFLDWLRQDQGLVWKHUHIRUHH[HPSWIURP,QFRPH7D[XQGHU 'LYRIWKH,QFRPH7D[$VVHVVPHQW$FW

&DVKDQG&DVK(TXLYDOHQWV &DVKFRPSULVHVFDVKRQKDQGGHSRVLWVKHOGDWFDOOZLWKEDQNVDQGRWKHUVKRUWWHUPGHSRVLWV

)RUWKHSXUSRVHVRIWKH6WDWHPHQWRI&DVK)ORZVFDVKLQFOXGHVFDVKRQKDQGDQGLQEDQNVDQGPRQH\ PDUNHWLQYHVWPHQWVUHDGLO\FRQYHUWLEOHWRFDVKZLWKLQWZRZRUNLQJGD\VQHWRIRXWVWDQGLQJEDQN RYHUGUDIWVLIDQ\

3URSHUW\3ODQWDQG(TXLSPHQW (DFKFODVVRISURSHUW\SODQWDQGHTXLSPHQWLVFDUULHGDWFRVWRUIDLUYDOXHOHVVZKHUHDSSOLFDEOHDQ\ DFFXPXODWHGGHSUHFLDWLRQDQGLPSDLUPHQWORVVHV

5HSDLUVDQGPDLQWHQDQFHDUHFKDUJHGWRSURILWRUORVVGXULQJWKHILQDQFLDOSHULRGLQZKLFKWKH\DUHLQFXUUHG

'HSUHFLDWLRQ 'HSUHFLDWLRQLVSURYLGHGXVLQJWKHGHFOLQLQJEDODQFHPHWKRGRQDOOSODQWDQGHTXLSPHQW  PRWRUYHKLFOHDWWKHIROORZLQJGHSUHFLDWLRQUDWHV

$VVHW&ODVV 'HSUHFLDWLRQ5DWH

2IILFHIXUQLWXUHDQGHTXLSPHQW  0RWRU9HKLFOHV 

7KHDVVHWV¶UHVLGXDOYDOXHVDQGXVHIXOOLYHVDUHUHYLHZHGDQGDGMXVWHGLIDSSURSULDWHDWHDFKUHSRUWLQJ SHULRGGDWH$QDVVHW¶VFDUU\LQJDPRXQWLVZULWWHQGRZQLPPHGLDWHO\WRLWVUHFRYHUDEOHDPRXQWLIWKH DVVHW¶VFDUU\LQJDPRXQWLVJUHDWHUWKDQLWVHVWLPDWHGUHFRYHUDEOHDPRXQW

*DLQVDQGORVVHVRQGLVSRVDOVDUHGHWHUPLQHGE\FRPSDULQJSURFHHGVZLWKWKHFDUU\LQJDPRXQW7KHVH JDLQVRUORVVHVDUHLQFOXGHGLQWKHVWDWHPHQWRISURILWRUORVVDQGRWKHUFRPSUHKHQVLYHLQFRPH

7UDGHDQG2WKHU3D\DEOHV 7UDGHDQGRWKHUSD\DEOHVUHSUHVHQWWKHOLDELOLW\RXWVWDQGLQJDWWKHHQGRIWKHUHSRUWLQJSHULRGIRU JRRGVDQGVHUYLFHVUHFHLYHGE\WKH&RPSDQ\GXULQJWKHUHSRUWLQJSHULRGZKLFKUHPDLQXQSDLG

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU   6WDWHPHQWRIVLJQLILFDQWDFFRXQWLQJSROLFLHV (PSOR\HH%HQHILWV /LDELOLWLHVIRUHPSOR\HHEHQHILWVDULVLQJIURPVHUYLFHVUHQGHUHGE\HPSOR\HHVWRUHSRUWLQJGDWH ZKLFKDUHH[SHFWHGWREHVHWWOHGZLWKLQRQH\HDUKDYHEHHQPHDVXUHGDWWKHDPRXQWV H[SHFWHGWREHSDLGZKHQWKHOLDELOLW\LVVHWWOHGSOXVUHODWHGRQFRVWV

(PSOR\HHEHQHILWVSD\DEOHODWHUWKDQRQH\HDUKDYHEHHQPHDVXUHGDWWKHSUHVHQWYDOXHRIWKH HVWLPDWHGIXWXUHFDVKRXWIORZVWREHPDGHIRUWKRVHEHQHILWV

,PSDLUPHQWRIDVVHWV $WHDFKUHSRUWLQJGDWHWKH&RPSDQ\UHYLHZVWKHFDUU\LQJYDOXHVRILWVWDQJLEOHDVVHWVWRGHWHUPLQH ZKHWKHUWKHUHLVDQ\LQGLFDWLRQWKDWWKRVHDVVHWVKDYHEHHQLPSDLUHG,IVXFKDQLQGLFDWLRQH[LVWV WKHUHFRYHUDEOHDPRXQWRIWKHDVVHWEHLQJWKHKLJKHURIWKHDVVHW VIDLUYDOXHOHVVFRVWVWRVHOO DQGYDOXHLQXVHLVFRPSDUHGWRWKHDVVHW VFDUU\LQJYDOXH$Q\H[FHVVRIWKHDVVHW VFDUU\LQJ YDOXHRYHULWVUHFRYHUDEOHDPRXQWLVH[SHQVHGWRWKHVWDWHPHQWRISURILWRUORVVDQGRWKHU FRPSUHKHQVLYHLQFRPH

)LQDQFLDO,QVWUXPHQWV ,QLWLDOUHFRJQLWLRQDQGPHDVXUHPHQW )LQDQFLDODVVHWVDQGILQDQFLDOOLDELOLWLHVDUHUHFRJQLVHGZKHQWKHHQWLW\EHFRPHVDSDUW\WR WKHFRQWUDFWXDOSURYLVLRQVRIWKHLQVWUXPHQW)RUILQDQFLDODVVHWVWKLVLVHTXLYDOHQWWRWKHGDWHWKDW WKH&RPSDQ\FRPPLWVLWVHOIWRHLWKHUSXUFKDVHRUVHOOWKHDVVHW

)LQDQFLDOLQVWUXPHQWVDUHLQLWLDOO\PHDVXUHGDWIDLUYDOXHSOXVWUDQVDFWLRQVFRVWVZKHUHWKHLQVWUXPHQWLV QRWFODVVLILHGDVDWIDLUYDOXHWKURXJKSURILWRUORVV7UDQVDFWLRQFRVWVUHODWHGWRLQVWUXPHQWVFODVVLILHG DVDWIDLUYDOXHWKURXJKSURILWRUORVVDUHH[SHQVHGWRSURILWRUORVVLPPHGLDWHO\

*RRGVDQG6HUYLFHV7D[ *67 5HYHQXHVH[SHQVHVDQGDVVHWVDUHUHFRJQLVHGQHWRIWKHDPRXQWRI*67H[FHSWZKHUHWKHDPRXQWRI *67LQFXUUHGLVQRWUHFRYHUDEOHIURPWKH$XVWUDOLDQ7D[DWLRQ2IILFH,QWKHVHFLUFXPVWDQFHVWKH*67 LVUHFRJQLVHGDVSDUWRIWKHFRVWRIDFTXLVLWLRQRIWKHDVVHWRUDVSDUWRIDQLWHPRIWKHH[SHQVH 5HFHLYDEOHVDQGSD\DEOHVLQWKHVWDWHPHQWRIILQDQFLDOSRVLWLRQDUHVKRZQLQFOXVLYHRI*67

&DVKIORZVDUHSUHVHQWHGLQWKHVWDWHPHQWRIFDVKIORZVRQDJURVVEDVLVH[FHSWIRUWKH*67 FRPSRQHQWRILQYHVWLQJDQGILQDQFLQJDFWLYLWLHVZKLFKDUHGLVFORVHGDVRSHUDWLQJFDVKIORZV

&RPSDUDWLYH)LJXUHV :KHQUHTXLUHGE\$FFRXQWLQJ6WDQGDUGVFRPSDUDWLYHILJXUHVKDYHEHHQDGMXVWHGWRFRQIRUPWR FKDQJHVLQSUHVHQWDWLRQIRUWKHFXUUHQWILQDQFLDO\HDU

Ʌ6QRZ$XVWUDOLD 1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU   6WDWHPHQWRIVLJQLILFDQWDFFRXQWLQJSROLFLHV &ULWLFDODFFRXQWLQJHVWLPDWHVDQGMXGJPHQWV 7KH&RPSDQ\HYDOXDWHVHVWLPDWHVDQGMXGJPHQWVLQFRUSRUDWHGLQWRWKHILQDQFLDOVWDWHPHQWVEDVHGRQ KLVWRULFDONQRZOHGJHDQGEHVWDYDLODEOHFXUUHQWLQIRUPDWLRQ(VWLPDWHVDVVXPHDUHDVRQDEOHH[SHFWDWLRQ RIIXWXUHHYHQWVDQGDUHEDVHGRQFXUUHQWWUHQGVDQGHFRQRPLFGDWDREWDLQHGERWKH[WHUQDOO\DQG ZLWKLQWKH&RPSDQ\$FWXDOUHVXOWVPD\GLIIHUIURPWKHVHHVWLPDWHV

7KHHVWLPDWHVDQGXQGHUO\LQJDVVXPSWLRQVDUHUHYLHZHGRQDQRQJRLQJEDVLV5HYLVLRQVWRDFFRXQWLQJ HVWLPDWHVDUHUHFRJQLVHGLQWKHSHULRGLQZKLFKWKHHVWLPDWHLVUHYLVHGLIWKHUHYLVLRQDIIHFWVRQO\WKDW SHULRGRULQWKHSHULRGRIWKHUHYLVLRQDQGIXWXUHSHULRGVLIWKHUHYLVLRQDIIHFWVERWKFXUUHQWDQGIXWXUH SHULRGV

.H\HVWLPDWHV²,PSDLUPHQWRIQRQILQDQFLDODVVHWV 7KH&RPSDQ\DVVHVVHVLPSDLUPHQWDWHDFKUHSRUWLQJGDWHE\HYDOXDWLQJFRQGLWLRQVDQGHYHQWVVSHFLILF WRWKH&RPSDQ\WKDWPD\EHLQGLFDWLYHRILPSDLUPHQWWULJJHUV:KHUHDSSOLFDEOHUHFRYHUDEOHDPRXQWVRI UHOHYDQWDVVHWVDUHUHDVVHVVHGXVLQJYDOXHLQXVHFDOFXODWLRQVZKLFKLQFRUSRUDWHYDULRXVNH\DVVXPSWLRQV

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU     

 5HYHQXH

*RYHUQPHQW*UDQWV   3URJUDPPHDQG(QWU\)HHV   2WKHU*UDQWV   &RUSRUDWH6SRQVRUVKLSDQG)XQGUDLVLQJ   0HPEHUVKLSDQG5HJLVWUDWLRQ)HHV   ,QWHUHVWUHFHLYHG   2WKHU,QFRPH   7RWDOUHYHQXH  

 ([SHQVHV

(PSOR\HHEHQHILWVH[SHQVHLQFOXGHV $GPLQDQG(YHQW6DODU\UHODWHGFRVWV   6SRUW3URJUDP6DODU\UHODWHGFRVWV   &RQWULEXWLRQVWRHPSOR\HHVXSHUDQQXDWLRQIXQGV    

'HSUHFLDWLRQDQGDPRUWLVDWLRQH[SHQVH 2IILFHIXUQLWXUHDQGHTXLSPHQW   0RWRU9HKLFOHV   7RWDOGHSUHFLDWLRQDQGDPRUWLVDWLRQH[SHQVH  

2WKHUH[SHQVHVLQFOXGH 'RXEWIXOGHEWSURYLVLRQ   )LQDQFHFRVWVSDLG  

 .H\PDQDJHPHQWSHUVRQQHOFRPSHQVDWLRQ

7RWDOUHPXQHUDWLRQSDLGWRNH\PDQDJHPHQWDQGSURJUDP FRRUGLQDWLRQSHUVRQQHORIWKH&RPSDQ\  

 &DVKDW%DQN 7KHLQFUHDVHIURPFRPSULVHVSULRUFDVKKROGLQJVRI16:6QRZVSRUWV 6QRZVSRUWV$&7SOXV DGYDQFHGSD\PHQWVIURP6SRUW$XVWUDOLD

%DQN2YHUGUDIW)DFLOLW\ $WEDODQFHGDWHDQGSULRU\HDUWKHFRPSDQ\KDGDQXQXVHGRYHUGUDIW IDFLOLW\DPRXQWLQJWR

 7UDGHDQGRWKHUUHFHLYDEOHV

&XUUHQW 7UDGHUHFHLYDEOHV   3URYLVLRQIRUGRXEWIXOGHEWV      

Ʌ6QRZ$XVWUDOLD 1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU     

 2WKHUDVVHWV

&XUUHQW 3UHSD\PHQWV  

 3URSHUW\SODQWDQGHTXLSPHQW

(TXLSPHQW:DWHU-XPS $WFRVW   /HVVDFFXPXODWHGGHSUHFLDWLRQ       (TXLSPHQW1RUGLF6KHOWHU :ULWWHQGRZQYDOXHRQXQLILFDWLRQ   /HVVLPSDLUPHQWRQXQLILFDWLRQ      2IILFHIXUQLWXUHDQGHTXLSPHQW $WFRVW   /HVVDFFXPXODWHGGHSUHFLDWLRQ       0RWRU9HKLFOHV $WFRVW   /HVVDFFXPXODWHGGHSUHFLDWLRQ      

7RWDOSURSHUW\SODQWDQGHTXLSPHQW  

D 0RYHPHQWVLQFDUU\LQJDPRXQWV 0RYHPHQWVLQWKHFDUU\LQJDPRXQWVIRUHDFKFODVVRISURSHUW\SODQWDQGHTXLSPHQWEHWZHHQWKH EHJLQQLQJDQGHQGRIWKHFXUUHQWILQDQFLDO\HDU

   (TXLSPHQW 2IILFH 0RWRU 7RWDO :¶MXPS1RUGLF IXUQLWXUH  9HKLFOHV 6KHOWHU HTXLSPHQW    %DODQFHDWWKHEHJLQQLQJRI     WKH\HDU $GGLWLRQSXUFKDVHV     8QLILFDWLRQDVVHWVWUDQVIHUUHG     'HSUHFLDWLRQH[SHQVH              %DODQFHDWWKHHQGRIWKH\HDU     

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

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU       7UDGHDQGRWKHUSD\DEOHV

7UDGHFUHGLWRUV   2WKHUSD\DEOHVDQGDFFUXHGH[SHQVHV      2WKHU/LDELOLWLHV

&XUUHQW 'HIHUUHGLQFRPH   6QRZ$XVWUDOLD)RXQGDWLRQ D   3URYLVLRQIRU:DWHU-XPSPDNHJRRG E    

D &RQWULEXWLRQREOLJDWLRQVLQUHVSHFWRIWKHHVWDEOLVKPHQWRIDFKDULWDEOHIRXQGDWLRQ 6QRZ$XVWUDOLD )RXQGDWLRQ ZLWKWKHREMHFWLYHRIREWDLQLQJVSRQVRUVKLSIXQGLQJDQGSURYLGLQJVXSSRUWWRPDLQWDLQ VNLDQGVQRZERDUGDFWLYLWLHVWRFXUUHQWDQGIXWXUH6QRZ$XVWUDOLDDWKOHWHV ,QFOXGHVDVSHFLILFEHTXHVWRIGLUHFWHGWRWKH)RXQGDWLRQ

2SHQLQJ6QRZ$XVWUDOLD)RXQGDWLRQOLDELOLW\   'LVWULEXWLRQWRWKH6QRZ$XVWUDOLD)RXQGDWLRQ   'LUHFWEHTXHVW    

E 3URYLVLRQIRURQJRLQJPDLQWHQDQFHDQGIXWXUHFRQWUDFWHGDVVHWDQGOHDVHKROGPDNHJRRG REOLJDWLRQV

 3URYLVLRQV

&XUUHQW $QQXDOOHDYH   /RQJVHUYLFHOHDYH    

1RQFXUUHQW /RQJVHUYLFHOHDYH    

 &RQWLQJHQWDVVHWVDQGOLDELOLWLHV

7KH&RPSDQ\KDVQRFRQWLQJHQWDVVHWVRUOLDELOLWLHVDVDW\HDUHQG

 (YHQWVDIWHUWKHUHSRUWLQJGDWH 1RPDWWHUVRUFLUFXPVWDQFHVKDYHDULVHQVLQFHWKHHQGRIWKHILQDQFLDO\HDUZKLFKVLJQLILFDQWO\ DIIHFWHGRUPD\VLJQLILFDQWO\DIIHFWWKHRSHUDWLRQVRIWKH&RPSDQ\WKHUHVXOWVRIWKRVHRSHUDWLRQV RUWKHVWDWHRIDIIDLUVRIWKH&RPSDQ\LQIXWXUHILQDQFLDO\HDUV

Ʌ6QRZ$XVWUDOLD 1RWHVWRWKHILQDQFLDOVWDWHPHQWV

IRUWKH\HDUHQGHG2FWREHU       5HODWHGSDUW\WUDQVDFWLRQV

7KHUHZHUHQRWUDQVDFWLRQVZLWKGLUHFWRUVRUGLUHFWRUUHODWHGSDUWLHVGXULQJWKH\HDUHQGHG 2FWREHU 1LO 

 )LQDQFLDOULVNPDQDJHPHQW

7KH&RPSDQ\ VILQDQFLDOLQVWUXPHQWVFRQVLVWPDLQO\RIGHSRVLWVZLWKEDQNVORFDOPRQH\PDUNHW LQVWUXPHQWVVKRUWWHUPLQYHVWPHQWVDFFRXQWVUHFHLYDEOHDQGSD\DEOH

7KHWRWDOVIRUHDFKFDWHJRU\RIILQDQFLDOLQVWUXPHQWVPHDVXUHGLQDFFRUGDQFHZLWK$$6% DVGHWDLOHGLQWKHDFFRXQWLQJSROLFLHVLQ1RWHWRWKHVHILQDQFLDOVWDWHPHQWVDUHDVIROORZV   1RWH  

)LQDQFLDO$VVHWV &DVK   7UDGHDQGRWKHUUHFHLYDEOHV    7RWDO)LQDQFLDO$VVHWV  

)LQDQFLDO/LDELOLWLHV 7UDGHDQGRWKHUSD\DEOHV    6QRZ$XVWUDOLD)RXQGDWLRQ  D   7RWDO)LQDQFLDO/LDELOLWLHV  

 5HWDLQHG(DUQLQJV1RUWKHUQ 5HIOHFWVFRPELQHGUHWDLQHGHDUQLQJVRI16:6NL$VVRFLDWLRQ/WGDQG6QRZ6SRUWV$&7/WG DWWKHWLPHRIXQILFDWLRQ

%DODQFHRQXQLILFDWLRQ16:6NL$VVRFLDWLRQ/WG  %DODQFHRQXQLILFDWLRQ6QRZ6SRUWV$&7/WG  OHVV1RUGLF6KHOWHULPSDLUPHQW   OHVV1RUWKHUQHTXLSPHQWLPSDLUPHQW   OHVV(PSOR\HHEHQHILWVDWXQLILFDWLRQGDWH   DGG6XQGU\DGMXVWPHQW16:  

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

'LUHFWRUV 'HFODUDWLRQ

7KHGLUHFWRUVRIWKHHQWLW\GHFODUHWKDW

 7KHILQDQFLDOVWDWHPHQWVDQGQRWHVDVVHWRXWRQSDJHVWRDUHLQDFFRUGDQFHZLWKWKH Corporations Act 2001 DQG D&RPSO\ZLWK$XVWUDOLDQ$FFRXQWLQJ6WDQGDUGVDQG

E*LYHWUXHDQGIDLUYLHZRIWKHILQDQFLDOSRVLWLRQDVDW2FWREHUDQGRIWKHSHUIRUPDQFHIRUWKH\HDU HQGHGRQWKDWGDWHRIWKHHQWLW\

 ,QWKHGLUHFWRUV RSLQLRQWKHUHDUHUHDVRQDEOHJURXQGVWREHOLHYHWKDWWKHHQWLW\ZLOOEHDEOHWRSD\LWVGHEWVDVDQG ZKHQWKH\EHFRPHGXHDQGSD\DEOH

7KLVGHFODUDWLRQLVPDGHLQDFFRUGDQFHZLWKDUHVROXWLRQRIWKH%RDUGRI'LUHFWRUV

'HDQ*RVSHU 'LUHFWRU

'DWHGWKLVWKGD\RI)HEUXDU\

Ʌ6QRZ$XVWUDOLD  

,1'(3(1'(17$8',725¶65(3257  727+(0(0%(562)6., 612:%2$5'$8675$/,$/,0,7('

 2SLQLRQ  :H KDYH DXGLWHG WKH ILQDQFLDO UHSRUW RI 6NL  6QRZERDUG $XVWUDOLD /LPLWHG WKH FRPSDQ\  ZKLFK FRPSULVHVWKHVWDWHPHQWRIILQDQFLDOSRVLWLRQDVDW2FWREHUWKHVWDWHPHQWRISURILWRUORVVDQG RWKHUFRPSUHKHQVLYHLQFRPHVWDWHPHQWRIFKDQJHVLQHTXLW\DQGVWDWHPHQWRIFDVKIORZVIRUWKH\HDU WKHQ HQGHG QRWHV FRPSULVLQJ D VXPPDU\ RI VLJQLILFDQW DFFRXQWLQJ SROLFLHV DQG RWKHU H[SODQDWRU\ LQIRUPDWLRQDQGWKHGLUHFWRUV¶GHFODUDWLRQ  ,QRXURSLQLRQWKHDFFRPSDQ\LQJILQDQFLDOUHSRUWRI6NL 6QRZERDUG$XVWUDOLD/LPLWHG WKHFRPSDQ\  LVLQDFFRUGDQFHZLWKWKHCorporations Act 2001LQFOXGLQJ  y JLYLQJDWUXHDQGIDLUYLHZRIWKHFRPSDQ\¶VILQDQFLDOSRVLWLRQDVDW2FWREHUDQGRILWV SHUIRUPDQFHIRUWKH\HDUWKHQHQGHGRQWKDWGDWHLQDFFRUGDQFHZLWKWKHDFFRXQWLQJSROLFLHV GHVFULEHGLQ1RWHDQG  y FRPSO\LQJ ZLWK $XVWUDOLDQ $FFRXQWLQJ 6WDQGDUGV WR WKH H[WHQW GHVFULEHG LQ 1RWH  DQG FRPSO\LQJZLWKWKH&RUSRUDWLRQV5HJXODWLRQV  %DVLVIRU2SLQLRQ  :HFRQGXFWHGRXUDXGLWLQDFFRUGDQFHZLWK$XVWUDOLDQ$XGLWLQJ6WDQGDUGV2XUUHVSRQVLELOLWLHVXQGHU WKRVH VWDQGDUGV DUH IXUWKHU GHVFULEHG LQ WKH $XGLWRU¶V 5HVSRQVLELOLWLHV IRUWKH $XGLW RIWKH)LQDQFLDO 5HSRUW VHFWLRQ RI RXU UHSRUW :H DUH LQGHSHQGHQW RI WKH FRPSDQ\ LQ DFFRUGDQFH ZLWK WKH DXGLWRU LQGHSHQGHQFH UHTXLUHPHQWV RI WKH Corporations Act 2001 DQG WKH HWKLFDO UHTXLUHPHQWV RI WKH $FFRXQWLQJ 3URIHVVLRQDO DQG (WKLFDO 6WDQGDUGV %RDUG¶V APES 110 Code of Ethics for Professional Accountants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orporations Act 2001DQGLVDSSURSULDWHWRPHHW WKH QHHGV RI WKH PHPEHUV 7KH GLUHFWRUV¶ UHVSRQVLELOLW\ DOVR LQFOXGHV VXFK LQWHUQDO FRQWURO DV WKH GLUHFWRUVGHWHUPLQHDUHQHFHVVDU\WRHQDEOHWKHSUHSDUDWLRQRIDILQDQFLDOUHSRUWWKDWJLYHVDWUXHDQG IDLUYLHZDQGLVIUHHIURPPDWHULDOPLVVWDWHPHQWZKHWKHUGXHWRIUDXGRUHUURU  ,QSUHSDULQJWKHILQDQFLDOUHSRUWWKHGLUHFWRUVDUHUHVSRQVLEOHIRUDVVHVVLQJWKHFRPSDQ\¶VDELOLW\WR FRQWLQXHDVDJRLQJFRQFHUQGLVFORVLQJDVDSSOLFDEOHPDWWHUVUHODWLQJWRJRLQJFRQFHUQDQGXVLQJWKH JRLQJFRQFHUQEDVLVRIDFFRXQWLQJXQOHVVWKHGLUHFWRUVHLWKHULQWHQGWROLTXLGDWHWKHFRPSDQ\RUWRFHDVH RSHUDWLRQVRUKDYHQRUHDOLVWLFDOWHUQDWLYHEXWWRGRVR  $XGLWRU¶V5HVSRQVLELOLWLHVIRUWKH$XGLWRIWKH)LQDQFLDO5HSRUW  2XUREMHFWLYHVDUHWRREWDLQUHDVRQDEOHDVVXUDQFHDERXWZKHWKHUWKHILQDQFLDOUHSRUWDVDZKROHLVIUHH IURPPDWHULDOPLVVWDWHPHQWZKHWKHUGXHWRIUDXGRUHUURUDQGWRLVVXHDQDXGLWRU¶VUHSRUWWKDWLQFOXGHV RXURSLQLRQ5HDVRQDEOHDVVXUDQFHLVDKLJKOHYHORIDVVXUDQFHEXWLVQRWDJXDUDQWHHWKDWDQDXGLW FRQGXFWHG LQ DFFRUGDQFH ZLWK WKH $XVWUDOLDQ $XGLWLQJ 6WDQGDUGV ZLOO DOZD\V GHWHFW D PDWHULDO PLVVWDWHPHQWZKHQLWH[LVWV 

0$=$560(/%2851($6685$1&(37</7'  /(9(/67.,/'$52$'0(/%2851(9,& $&1±$87+25,6('$8',7&203$1<180%(5  7(/)$;:(%ZZZPD]DUVFRPDX(0$,/FRQWDFWPHOERXUQH#PD]DUVFRPDX  /,$%,/,7</,0,7('%<$6&+(0($33529('81'(57+(352)(66,21$/67$1'$5'6/(*,6/$7,21 

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ SNOW AUSTRALIA LIMITED ACN 063 859 423

 

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

 0D]DUV0HOERXUQH$VVXUDQFH3W\/WG 

 *UHJ+XGVZHOO 'LUHFWRU  /HYHO 6W.LOGD5RDG 0(/%2851(9,& 'DWHGWKLVWKGD\RI)HEUXDU\ 

Ʌ6QRZ$XVWUDOLD ²ȁȌɩɐȺɈȲƊǶǞƊ ȌƊȲƮƊȁƮ²ɈƊǏǏ

NAME POSITION

Board

Dean Gosper Chairman

Louise Barrett

Manuela Berchtold

Daniel Bosco

Kim Clifford

Steve Cooper

Susie Warwick

Hugh Whan

Staff

MIchael Kennedy Chief Executive Officer

Chloe Balfe Administration Assistant

Steve Brown Accounts Manager

Rebecca Clark National Alpine & Pathway Coordinator

Shawn Fleming Alpine Director & Head Ski Cross Coach

Annie Geiger Para Snowsport Program Manager

Cathy Lambert Administration Manager (Jindabyne)

Valerio Leccardi Cross Country Head Coach

Johnny Lipzker Sport Development Officer

Finn Marsland National Coach Education Coordinator & XC Program Director

Steve Nelson National Participation Manager

Wendy Olsen National Event Coordinator

David Parr Park & Pipe Program Coordinator

Ryan Pearl Para Alpine Coach

Ryan Taylor Corporate Services Manager

Ben Wordsworth Performance Pathway & Program Manager

6QRZ$XVWUDOLD$QQXDO5HSRUWɅ yƊɈǞȌȁƊǶ(ǞȺƧǞȯǶǞȁƵ!ȌǿǿǞɈɈƵƵȺ

NAME ROLE (IF APPLICABLE) NAME ROLE (IF APPLICABLE)

National Alpine Committee National Cross Country Committee

Lachlan Clark Chairman (retired Oct.) Ben Derrick Chairman

Matt Lyons Chairman (appointed Oct) Peter Cunningham National Race Secretary

Alice Chilcott TD / Womens Alpine Anthony Evans Selection

Katya Crema Athlete Representative Ronie Goebel Athlete / Coach Dev

Michael Dickson TD / Governance & Process Leanne Laajoki Athlete Development

Scott Sanderson ROC Expertise / Resorts Finn Marsland High Performance

Hugh Stevens Analytics and Athlete Data Mark Pollock Athlete Representative

Greg McCormack Honorary Member Andrew Walker Rules & Officials

Cliff Mason Honorary Member Peter Ward Events

Al Guss Honorary Member Casey Wright Athelte Representative

National Snowboard Committee National Freestyle Committee

Duncan Fischer Chairman (resigned Dec 18) David Speirs Chairman

Rob Dickson Appointed (Dec 18) Katie Blamey NSWIS Mogul Coach

Adam Begg Judging Daniel Bosco

Jason Clauscen SBX Development Al Clay

Adam Federico APSI Coaching Director Graeme Cox Falls Creek PD / TD

David Harper Southern Committee Hamish Cox TBR Mogul Coach

Richard Hegarty Park & Pipe Steve Desovich National Mogul Coach

Josh Lyle TD Walt Hiltner FIS / TD

Scott Sanderson Resorts Josh Himbury AUSMSA Head Coach

Ben Wordsworth High Peformance Zoe Jaboor Judging Coordinator

National Participation Committee Peter McNiel NSWIS Head Mogul Coach

Steve Cooper Chairman Andrew Pattison OWIA / TBR

Donna Baker Peter Topalovic NSWIS

Gareth Briglia Martin Rowley Mt Hotham Free Ski

Peter Brulisauer

Rebecca Clark

John Day

Damian von Demleux

Adam Hosie

Steven Nelson

Belinda Trembath

Nick Whitby

Ʌ6QRZ$XVWUDOLD 6QRZ$XVWUDOLD$QQXDO5HSRUWɅ Snow Australia Level 2, O’Brien Icehouse 105 Pearl River Road Docklands, Victoria, 3008 P | +61 3 9696 2344 E | [email protected] W | www.snow.org.au