Alpine Resorts Co-ordinating Council 2004–2005 Annual Report Alpine Resorts Co-ordinating Council Annual Report 2004–2005 1

Contact Contents

2004–2005 In Review 2 Reporting Disclosures under the Alpine Resorts Co-ordinating Council Financial Management Act 1994 11 Chairperson’s Report 2 8 Nicholson Street, Reporting Requirements under the 2004–2005 Key Achievements 3 PO Box 500, Whistleblowers Protection Act 2001 13 Review of Operations and Financial East Vic 3002 Information Privacy 13 Conditions 3 T (03) 9637 9642 F (03) 9637 8592 Financial Reports 14 E [email protected] The Council 5 Certification of Financial Statements 14 www.arcc.vic.gov.au Establishment and Role 5 Statement of Financial Performance 14 Council Vision 5 Statement of Financial Position as Council Mission 5 at 30 June 2005 16 Organisational Chart 5 Statement of Cash Flows for Undertakings and Services Provided 7 Year Ended 30 June 2005 16 Council Meetings 7 Notes to and forming part of the Financial Statements 17 Membership 9 Auditor-General’s Report 26 Legislative Compliance 11 Disclosure Index 28 Freedom of Information 11 This report covers the period 1 July 2004 to Reporting Requirements under Part II 30 June 2005, in accordance with the relevant of the Freedom of Information Act 1982 11 provisions of the Financial Management Act 1994. 2 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 3

2004–2005 in Review

Chairperson’s Report The All Seasons Committee under the The Research Committee under the 2004–2005 Key Achievements Review of Operations and Financial Conditions Chairmanship of Judy Ward has been Chairmanship of John Stanley has been The Council has been proactive in During the reporting period the Council: Five Year Financial Summary working with the alpine resorts and tourism actively investigating some of the key issues 2004-05 2003-04 2002-03 2001-02 2000-01 2004–2005 in providing a Forum for agencies to develop year round visitation. for resorts in the future. The Economic • Undertook a key role in the implementation industry wide issues across all Alpine Substantial progress has been made in Significance Study, which was originally of the Alpine Resorts 2020 Strategy. The Revenue from Support Payments 413,959 298,344 240,599 97,846 90,918 Resorts. The Alpine Resorts 2020 Strategy Council is a lead agent for many of the creating links with stakeholder bodies in the undertaken in 2000, is being updated this Other Revenue 80,817 3,051 67,182 28,809 2,416 was released in June 2004 and the Council regions, as well as Tourism . year, in conjunction with New South Wales. actions contained in the Strategy. Winter is charged with the implementation of many This will provide a more detailed picture and non-winter visitation, environmental, Total Revenue 494,776 301,395 307,781 126,655 93,334 The Sustainability and Benchmarking of the actions contained in the Strategy. of the contribution that resorts make both social and economic sustainability, mitigating Committee, under the Chairmanship of Operating Expenses 468,384 294,097 229,004 155,514 165,107 Since the appointment of the new Council in in Victoria and nationally to the economies the impacts of climate change, research and Diana Patterson has made great progress in June 2004, all members have been working of our nation and states, and will provide a leasing are just some of the issues for which Net Operating Result 26,392 7,338 78,777 (28,859) (71,773) addressing sustainability issues in the Alpine with the resorts towards achieving the vision powerful tool in obtaining greater recognition the Council has responsibility. Resorts and developing KPI’s with which to Total Assets 452,641 956,849 174,485 50,907 59,614 of the 2020 Strategy – ‘four season, viable, for the industry with Government. measure future standards. • Held an Alpine Resorts Sustainability sustainable resorts.’ Total Liabilities 373,966 4,566 129,540 84,739 64,587 The former Chairs and CEO’s group has Forum on 28 April 2005. The aim of The Council held an Alpine Resorts Victoria’s Alpine Resorts are all progressing been reformed as a Cooperation Committee the Forum was to demonstrate that Sustainability Forum in April 2005. The Council receives its funding mainly from contributions by the Alpine Resort Management Boards towards becoming year round destinations under the joint Chairmanship of John Dyson sustainability is good for business and (‘Boards’). During the year the Council successfully conducted an Alpine Resorts Sustainability Forum This provided the first opportunity for in both summer and winter. While the and Geoff Provis. This committee provides critical to the success of the alpine which generated $45,171 in revenue. This amount is included in Other Revenue together with interest the entire industry in to come winter season remains core business, the a forum for cross-resort cooperation on tourism industry. This forum focussed earned from the Council’s operations. Included in expenses for 2004–05 is an increase in remuneration for together to discuss the environmental, members resulting from the change from sessional fees to annual fees, introduced in November 2004. Council has initiated programs to work operational issues. on sustainability in the context of Alpine with the resorts and other tourism economic and social viability of Australia’s Resorts and attracted participants from In 2003–04 the Government provided $900,000 for the construction of a new bridge over the agencies to develop products and promote Alpine Resorts, particularly in the context of While significant milestones have been NSW, Victoria and Tasmania. to provide safer access to . This was held by the Council as Contributed Capital pending for- mal establishment of new management arrangements. This amount was paid to the and Mount the alpine region as a place that offers a climate change. The Council was privileged achieved in the reporting period, there is The keynote speaker was Auden Schendler, Stirling Board as Contributed Capital in 2004–05. totally different non-traditional summer to welcome Auden Schendler, Director of much work to do during the term of the Director of Environmental Affairs Aspen experience. The opportunity to engage Environmental Affairs Aspen Ski Company, present Council. What has been achieved in Detailed financial information about the performance of the Council is contained in the financial statements Skiing Company. Auden is an expert in his forming part of this report. with a wild and different landscape and to as a keynote speaker. the last twelve months is only the start of what field and Aspen Skiing Company is seen as rejuvenate the senses will draw visitors in the Council hopes to accomplish in the next The Council is not aware of any issues that would impact on its future performance. a world leader in sustainable practices. The the non-winter season. two years. I would like to thank all members for their contribution and hard work over the event focused on practical implementation The Council has achieved some key initiatives last year and look forward to continuing these of the concept of sustainability. The forum during the reporting period. First has been exciting developments during 2005–2006. questioned the concept of sustainability, the formation of a number of committees of and how it has been implemented. The Council, to address specific issues. These aim was to stimulate debate, explore new committees have worked well in strategically ideas, to step away from complacency and addressing issues of major concern to Council. experiment, innovate and change the way we think. Andrew Fairley The forum was extremely successful and Chairperson will be held as an annual event. 4 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 5

The Council

• As a result of the Forum, decided that a by Sunny Oliver-Bennets, an honours A summer events calendar was prepared Establishment and Role Council’s Vision Organisational Structure ‘Keep winter cool’ education and awareness student in the Bachelor of Business for summer 2004-05 and was published campaign will be developed, based on a (Tourism Management) degree. The on the Council website and provided to The Council was established in accordance To inspire generations of Australians to model used in North America. During the Council and La Trobe University jointly stakeholders, including the publicity unit with the provisions of the Alpine Resorts experience the excitement, energy, splendour Minister for Environment reporting period, the parameters for the supervised the project, which analysed at Tourism Victoria. (Management) Act 1997 (the Act) and reports and tranquility of Victoria’s mountains. campaign were developed and the program the types and quantity of commercially to, and is responsible to, the Minister for • Undertook an investigation into the Environment, the Hon John Thwaites MP.

will be run during winter 2006. The aim of available accommodation at Mount Buller, Recreation Branch (DSE) Coasts, Alps and Co-ordinating Council Alpine Resorts Management Boards Alpine Resort registration of alpine resort leases and Council’s Mission the initiative is to create awareness amongst and whether this matched up with demand. The statutory functions of the Council are set possible strata title models as part of the visitors to the alpine resorts during the The final report will be available out in Section 18 of the Act. The functions To drive responsible use of Victoria’s Alpine implementation of the Alpine Resorts 2020 winter of the impacts of climate change in November 2005. were significantly expanded as a result of Resorts by: Strategy and Alpine Resorts Leasing Policy. and to educate people about the ways in legislative changes that came into effect A standard method of visitor counting The Council prepared a discussion paper, • building knowledge of their unique values, which individuals can make a difference to in May 2004. In summary the Council’s was developed for winter 2005. During carried out consultation with stakeholders assets and opportunities; the amounts of green house gases emitted. functions are to: the reporting period, a methodology was at regional and metropolitan locations, • developing strong stakeholder partnerships; Rather than just trying to minimise impacts developed for all the resorts. The aim was and formulated recommendations for the • plan for and facilitate the establishment, • promoting proactive environmental and of climate change, the alpine resorts are to standardise formulas for each resort and introduction of a system of lease registration development, promotion, management and cultural stewardship; taking a lead role in mitigating its effects. improve consistency of reporting methods. for Ministerial consideration. use of alpine resorts, including liaison with • working closely with individual Boards • Undertook some major research initiatives other parties; and other land managers including Parks • Took a lead role in facilitating all season • Played a key role in the Board of Alpine The Council does not employ staff. during the reporting period. • undertake research; Victoria; and, tourism in the region. Year round visitation Tourism (BART). Council worked with Administrative and secretariat support is • review and coordinate implementation • being an advocate for Alpine Resorts. The Economic Significance of Australia’s is an imperative for each alpine resort Boards, lift companies and Tourism of the Alpine Resorts Strategic Plan; provided by the Coasts, Alps and Recreation Alpine Resorts study will update and build regardless of their vulnerability to climate Victoria in establishing strategic directions • monitor the development and Branch of the Department of Sustainability on a similar study undertaken in 2000. change. At the moment, the alpine resorts for joint marketing and was particularly implementation of Strategic Management and Environment (DSE) located within This study will provide a comprehensive are under utilised in the summer season and pleased to see BART expand its role Plans for each alpine resort; the offices of DSE. Stuart Bowe was the picture of the contribution of the resorts to the Council has worked extensively with to encompass all season marketing of • attract investment for the improvement Executive Officer of the Council from 1 July the economy of the state and also to their Boards, Tourism Victoria, Parks Victoria Alpine Resorts. of alpine resorts; 2004 until 9 May 2005 and Brad Miles was surrounding sub-alpine regions. The study and other stakeholders to develop an agreed the Acting Executive Officer during the rest • Continued its watching brief on the land • coordinate overall promotion of alpine is being undertaken in conjunction with vision for year round tourism in the alpine of the reporting period. stability risk management programs being resorts in conjunction with Tourism the Australian Ski Areas Association region. The Council has held a number of undertaken by Boards. Victoria; The Council makes use of DSE buildings and (ASAA), government agencies and the workshops for resort CEOs and others to • make recommendations to the Minister on facilities to perform its functions. Operations managers of alpine resorts of New South develop products and initiatives that will • Provided a forum for discussion of industry matters related to the provision of services are managed in accordance with DSE Wales and Victoria. encourage year round visitation. A product and resort wide strategic issues. within the alpine resorts; and, procedures and guidelines for expenditure, and asset inventory has been developed to A partnership was forged with La Trobe • make recommendations to the Minister purchasing, reporting, occupational health assist resorts in building on their individual University to complete a pilot study of on matters as may be requested by the and safety, risk management, employment strengths and to guard against duplication. accommodation demand and usage at Minister. policies, industrial relations, office-based Mount Buller. The study was undertaken environmental impacts and related issues. 6 Alpine Resorts Co-ordinating Council Annual Report 2004/2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 7

Undertakings and Services Council Meetings Provided The Council meets on a bi-monthly basis and held 6 Council meetings during the reporting The Council provides a forum for discussion period. In addition, members met on an as and consultation on issues of broad concern required, informal basis to progress specific to Alpine Resort stakeholders, an avenue issues, such as Corporate Planning. through which coordinated action can occur and a mechanism for consultation with the During the reporting period, members Minister and through which the Minister attended meetings as follows: may seek advice and refer matters for consideration. It has an important strategic Council Meeting Attendance planning role across Alpine Resorts and a Aug Oct Dec Feb Apr Jun Meetings monitoring responsibility for individual Resort 2004 2004 2004 2005 2005 2005 Attended strategic planning. The Council also has an ¸ ¸ ¸ ¸ ¸ ˚ ability to undertake promotion, research and Andrew Fairley 5 of 6 the seeking of investment. The Council does Gregory Carlson ¸ ˚ ˚ - - - 1 of 3 not provide any services of an operational Jo Curkpatrick - - - ¸ ¸ ˚ 2 of 3 nature in Alpine Resorts. John Dyson ¸ ˚ ¸ ˚ ¸ ¸ 4 of 6 Leona Mann ¸ ¸ - - - ¸ 3 of 3 Diana Patterson ¸ ¸ ¸ ¸ ¸ ¸ 6 of 6 Geoffrey Provis ¸ ¸ ¸ ¸ ¸ ¸ 6 of 6 David Pullar ¸ ¸ ¸ ˚ ¸ ¸ 5 of 6 John Stanley ¸ ¸ ¸ ¸ ¸ ¸ 6 of 6 Wally Tabensky - - ˚ ¸ ¸ - 2 of 3 Michonne van Rees ¸ ˚ ¸ ¸ ˚ ¸ 4 of 6 Judy Ward ¸ ¸ ¸ ¸ ¸ ¸ 6 of 6 8 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 9

Since its appointment in June 2004, Membership Chairperson of Commissioners for the Shire. the Council has formed five Committees. Gregory is also a councillor of the Shire of Members and regular observers are Section 17 of the Act provides that the Strathbogie. as follows: Council consists of the Chairperson and four members appointed by the Governor in Jo Curkpatrick (commenced 22 January 2005) Jo is the acting Chairperson of the Lake All Seasons Committee Cooperation Committee Council and the Chairpersons of each Board. A new Council was appointed in June 2004. Mountain Alpine Resort Management Ms Judy Ward (Chair) ARCC (Chairperson, Mr John Dyson (co-chair) ARCC (Chairperson, Mount Buller Board. Jo Curkpatrick is principal of Span Falls Creek Board) and Mount Stirling Board) The Council membership provides Communication (Australia) Pty Ltd, a Mr John Dyson ARCC (Chairperson, Mr Geoffrey Provis (co-chair) ARCC (Chairperson, considerable knowledge in relation to business Melbourne-based consultancy. She is a senior Mount Buller and Board) management, legal issues, the alpine tourism communication professional with more than Mount Stirling Board) Mr Jim Atteridge CEO, Mount Hotham Board industry, resort management and land 20 years experience in media, corporate Mr Andrew Fairley ARCC Ms Jo Curkpatrick ARCC (Acting Chairperson, management. and consultancy environments and brings Mr Geoffrey Provis ARCC (Chairperson, Board) Andrew Fairley (Chairperson) considerable strategic, organisational and Mount Hotham Board) Mr Ian Grant CEO, Falls Creek Board Andrew is a former member of the Falls practical skills to her work. Jo was seconded Mr Jim Somerville CEO, Board, Mr Peter Jacobs Chief Ranger – Alpine, Parks Victoria Creek Alpine Resort Management Board. He to the UK for two years as Corporate representing Chairperson, Ms Leona Mann ARCC (Chairperson, Mount Baw is the Chairperson of radio stations Sun FM Communication Manager, Northern Mount Baw Baw Board Baw Board) at Mount Buller, The River at Falls Creek and Hemisphere for the International Wool Ms Michonne van Rees ARCC Mr Phil Nunn CEO, Mount Buller and Secretariat. Jo has a particular interest in Mount Stirling Board 3SR at Shepparton. Andrew is a practicing encouraging Victorians to enjoy their alpine Audit Committee Mr Richard Rogerson CEO, Lake Mountain Board equity lawyer, a director of Turtle Island environment in summer. Ms Michonne van Rees (Chair) ARCC Mr Jim Somerville CEO, Mount Baw Baw Board in Fiji and Sundowner Motels Group in Mr Andrew Fairley ARCC Ms Judy Ward ARCC (Chairperson, Australia. He is a frequent lecturer on issues John Dyson Mr David Pullar ARCC Falls Creek Board) involving sustainable tourism and is a current John is the Chairperson of both the Mount Mr John Stanley ARCC Research Committee Board member of Ecotourism Australia Buller and Mount Stirling Alpine Resort and The International Ecotourism Society. Mr John Stanley (Chair) ARCC Management Boards. He is an investment Benchmarking and Sustainability Committee Andrew is a keen skier. Ms Diana Patterson (Chair) ARCC Mr Andrew Fairley ARCC principal of Starfish Ventures, a venture Mr Andrew Fairley ARCC Ms Jo Curkpatrick ARCC (Acting Chairperson, Gregory Carlson (ceased 21 January 2005) capital fund management company based Mr David Pullar ARCC Lake Mountain Board) Gregory is a wool-grower, farming a family in Melbourne. John is a former General Mr John Stanley ARCC Ms Leona Mann ARCC (Chairperson, property near Euroa in North East Victoria Manager of the Australian arm of a Mount Baw Baw Board) and is the Chairperson of the Lake Mountain multinational investment firm. He is a member Alpine Resort Management Board. He of the Securities Institute of Australia and the became associated with Lake Mountain Australian Institute of Company Directors. when appointed as the John is an active skier and has a long Council representative on the Lake Mountain association with Mount Buller. Committee of Management, when he was the 10 Alpine Resorts Co-ordinating Council Annual Report 2003–2004 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 11

Legislative Compliance

Leona Mann (1 July to 19 November 2004, Geoffrey Provis Wally Tabensky Freedom of Information Council; and Publications Produced 31 May 2005 to 30 June 2005) Geoff is the Chairperson of the Mount (20 November 2004 to 30 May 2005) • technical reports and statistical information Publications produced during the reporting Leona is the Chairperson of the Mount Baw Management Board. Wally holds professional engineering The Freedom of Information Act 1982 allows the on Council matters. period were: Baw Alpine Resort Management Board. She Geoff is a solicitor and has worked in worker’s qualifications and has vast experience in public a right of access to documents held by Reports and general information related to • Alpine Resorts Co-ordinating Council is a former Chief Executive Officer of Central compensation and insurance litigation. He is engineering and local government. He has the Council. the Council are available for inspection at the 2003–2004 Annual Report; and Health Service and has held a member of the Law Aid Trust and the Lord been employed with various Shires from the Freedom of Information requests are Council’s contact address. This literature is management positions in Network Health Mayor’s Charitable Fund. Geoff is a former City of Springvale to his present position as • Alpine Resorts Co-ordinating Council made in writing describing the documents also available by mail at a minimal charge. The and Local Government sectors. Leona is a President of the Law Institute of Victoria and Director of Infrastructure and Environment Corporate Plan 2004–2006 requested and including payment of the Council’s annual report and some key policy chartered member of the Australian Human Victorian representative on the Law Council at Baw Baw Shire. Wally has studied • Conference presentation on all season $21.00 application fee. Further charges may documents can also be found on the Council’s Resources Institute, a member of Australian of Australia. He is the convenor of the Alpine overseas and has a long association with the tourism by Andrew Fairley be payable. FOI fees and charges are not website – www.arcc.vic.gov.au. Any person Council of Health Services Executive and a Advisory Committee, a committee that advises management of Mount Baw Baw. subject to GST. Requests to the Council are seeking access to a particular document • Alpine Resorts Discussion Paper – Fellow of the Australian Institute of Company the Minister on matters concerning the Alpine Michonne van Rees (appointed 13 July 2004) administered by DSE and should be sent to produced by the Council should write to Registration and Strata Titles for Directors. Leona is a keen snowboarder. National Park. Geoff is a keen skier. Michonne is currently General Manager Freedom of Information, DSE, PO Box 500 the Council, describing, in as much detail as Alpine Leases Diana Patterson David Pullar Regional Management for Parks Victoria. East Melbourne Vic 3002. The telephone possible, the nature of the document required. • Alpine Resorts Background Paper – Diana is a former Chairperson of the David is a former Chairperson of the Mount Prior to that, Michonne was Executive contact number is 9637 8575. Registration and Strata Titles for Mount Buller Alpine Resort Management Stirling Alpine Resort Management Board. Director, Parks Flora and Fauna within Alpine Leases Principal Officer: Andrew Fairley Reporting Disclosures under the Board. Diana is a current member of the David is a horticultural and environmental DSE. Michonne also held management Authorised Officer: Deidre Egan Copies are available from the Council at its Victorian Catchment Management Council. consultant with a background in the positions in the Department of Premier and Financial Management Act 1994 contact address or on the website. She has experience in both state and local apple, pear and stone fruit industries. He Cabinet, Public Service Board, Department In the reporting period no requests for government as a director in the Department currently holds board positions in a range of of Education, Health Department and information were received. Information relevant to Financial Reporting Major External Reviews and Research and of Sustainability and Environment and as a horticultural enterprises. David has a long Department of Industry, Technology and Directions issued by the Minister for Finance Development Activities and applicable from 1 July 2003 is listed The Council sought tenders for the major past Chief Executive Officer of Surf Coast association with a number of Victoria’s alpine Resources. Reporting Requirements Shire. Diana is a management consultant who resorts, and is an active skier and walker in below: research initiative during the reporting Judy Ward period, being the conduct of an Economic was the first woman to manage an Antarctic the Victorian mountains. under Part II of the Freedom of Declaration of Pecuniary Interests Judy is the Chairperson of the Falls Creek Significance Study of the Alpine Resorts in research station at Mawson and maintains an A register of Declarations of Pecuniary Interests John Stanley Alpine Resort Management Board and is a Information Act 1982 Victoria and New South Wales. The study involvement in Antarctic tourism. Diana is an for members and the Executive Officer is John has been involved in applied economic former partner of PricewaterhouseCoopers. will build on a previous study that was active cross country skier and bushwalker. The organisational arrangements and maintained by the Council. and social research for many years both in She is also a member of the VicForests Board. functional responsibilities of the Council completed in 2000. The current study will state government and as a consultant. John Judy, a chartered accountant, has 25 years are shown above. The Council’s powers are Details of Shares held in Statutory be completed in January 2006 and will is the Executive Director of Bus Association experience working with major Australian drawn from the Alpine Resorts (Management) Authority or Subsidiary provide a comprehensive picture of the Victoria and has previously chaired Victorian and multinational corporations and businesses Act 1997. The Council held and maintained There is no record of any shares of this contribution of the resorts to their regions, recycling programs. He is a Director of over a wide range of industries. Judy is an the following categories of documents: nature being held by Council members or the State and the nation. Metlink, the public transport marketing body enthusiastic skier. relevant officers. for Melbourne. John is a keen skier. • correspondence files; • minutes of the various meetings held by the 12 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 13

The Research Committee also undertook to the Alpine Resorts Sustainability Forum resort staff about Indigenous issues and procedures in managing disclosures. several other research initiatives. These and for the research programs detailed above. foster cooperation with Indigenous groups Disclosures of improper conduct by the included a study of visitor counting methods Coverage has been obtained in regional and in land management issues. Workshops were Authority or its employees may be made and a pilot study of accommodation in the metropolitan media. held at Mount Buller, Mount Hotham and to the following: alpine resorts and the match with demand. Falls Creek. In addition, Andrew Fairley and other Deidre Egan Overseas Visits Undertaken Council members have presented the work Council operates in an environment Protected Disclosure Coordinator No overseas visits were undertaken during of the Council at conferences. Andrew ensuring equity in Council’s policy and DSE, PO Box 500, the reporting period. Fairley presented a paper on all season strategic processes and participation with all East Melbourne Vic 3002. tourism in mountain regions at the Ecotourism stakeholders. Consultancies Telephone: 9637 8575 Australia Conference in November 2004. There were two consultancies undertaken National Competition Policy Facsimile: 9637 8129 Judy Ward presented on the Council’s by the Council during the reporting period The Council adheres to the principles of the Email: [email protected] work in this area at the Victorian Tourism at a total cost of $3,163. There were no National Competition Policy (NCP) to ensure Conference in May 2005. The Ombudsman Victoria consultancies in excess of $100,000. that any business competition with private Level 3, 459 Collins Street, A Culturally and Linguistically Diverse Society entities takes place in an environment where Disclosure of Major Contracts Melbourne Vic 3000. The Council is committed to policies, the Council has no competitive advantages. No major contracts were entered into during Telephone: 9613 6222 programs and strategies aimed at delivering the reporting period. Statement of Availability of Other Information Toll free: 1800 806 314 culturally and linguistically appropriate Information relevant to the above matters is Major Public Relations and Promotional Activities services to all Victorians. No special initiatives held at the Council’s office and is available In accordance with an agreement with were required to meet the needs of the on request, subject to the provisions of the Information Privacy Tourism Victoria, the Alpine Resort Council’s clients and stakeholder groups. Freedom of Information Act 1982. Management Boards and The Information Privacy Act 2000 (Vic) deals Women, Youth and Indigenous Affairs Resort, the Council contributed $15,000 with the manner in which public and private The Council is committed to involving for conduct of a promotional program for sector organisations may record, use, store Victoria’s community, including women, Reporting Requirements under Victoria’s alpine resorts. This program was and disclose information collected from youth and Indigenous Victorians in the coordinated through the Board of Alpine the Whistleblowers Protection Act 2001 individuals. The Council is committed to management and enjoyment of Victoria’s upholding and implementing the Privacy Resorts Tourism (BART). The Whistleblowers Protection Act 2001 came into Alpine Resorts. The Alpine Resorts 2020 Principles set out in the legislation. The Council continues to maintain its own Strategy identifies actions to implement effect on 1 January 2002. The Act is designed website – www.arcc.vic.gov.au. The website Indigenous cultural outcomes. Several to protect people who disclose information The full Council acts as a privacy committee. provides direct access to information on the Council members attended a series of about serious wrongdoing within the Victorian No complaints were handled by the privacy activities of the Council. Indigenous Engagement workshops that Public Sector and to provide a framework for committee during the reporting period. were held at the resorts in May and June the investigation of these matters. The Council has been proactive in obtaining 2005. The aims of these workshops, which press coverage for its activities. Press releases The protected disclosure coordinator for DSE were arranged by DSE, were to educate have been provided to the media in relation acts as an agent for the Council to receive disclosures under the Act, and applies DSE 14 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 15

Financial Reports

Statement by the Alpine Statement of Financial Performance Resorts Co-ordinating For the Year Ended 30 June 2005 Note 2005 2004 Council Chairperson and $ $ Accountable Officer Revenue from We hereby certify that the financial Ordinary Activities 2 494,776 301,395 statements of the Alpine Resorts Expenses from Co-ordinating Council, comprising a Ordinary Activities 3 468,384 294,057 statement of financial performance, statement of financial position, statement Net Result for the of cash flows and notes to the financial Reporting Period 26,392 7,338 statements have been prepared in Total Changes in accordance with the Directions of the Equity other than Minister for Finance under the Financial those resulting from Management Act 1994 and applicable transactions with the Australian Accounting Standards. Victorian Government In our opinion, the financial statements as owner 4 26,392 7,338 present fairly the financial transactions The above Statement of Financial Performance for the year ended 30 June 2005 and the should be read in conjunction with the financial position of the Council as at accompanying notes. 30 June 2005 and of its operations and its cash flows for the year. At the date of signing, we are not aware of any circumstances which would render any particulars included in the financial statements to be misleading or inaccurate.

Andrew Fairley Alex Shilton Chairperson Acting Accountable Officer

4 October 2005 16 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 17

Notes to and forming part of the Financial Statements

Statement of Financial Position Statement of Cash Flows 1. Statement of accounting policies (c) Cash Assets (g) Employee Costs and Entitlements As at 30 June 2005 For Year Ended 30 June 2005 (a) General For purposes of the statement of cash The Alpine Resorts Co-ordinating Council Note 2005 2004 Note 2005 2004 These financial statements are a general flows, cash includes short term deposits at does not directly employ staff. During $ $ $ $ purpose financial report and have been call which are readily convertible to cash the year the Government approved the Current Assets Cash Flows from prepared in accordance with the Financial on hand and are subject to an insignificant payment of an annual fee to the Council Cash Assets 8 & 15 316,155 699,081 Operating Activities Management Act 1994 and the Directions risk of changes in value, net of outstanding members in lieu of sitting fees. Council Receivables 6 & 15 136,486 257,768 Cash Receipts 657,877 211,603 issued by the Minister for Finance under bank overdraft. members who are employees of the Victorian Public Service are not eligible to Cash Payments (170,546) (462,936) the Act, the Alpine Resorts (Management) Act (d) Contribution Payments Total Current Assets 452,641 956,849 receive an annual fee for being a member Interest Received 29,743 3,051 1997 and applicable Australian accounting Payments are made by the Mt. Buller and Total Assets 452,641 956,849 standards and other mandatory reporting of the Council. There are no employee Net cash inflow Mt Stirling Alpine Resort Management requirements (Urgent Issues Group entitlements accrued. Current Liabilities (outflows) from Board, Mt. Hotham Alpine Resort consensus views) (h) Goods and Services Tax Payables 5 & 15 373,966 4,566 Operating Activities 7 517,074 (248,282) Management Board and Falls Creek The financial report is compiled on an Alpine Resort Management Board to Revenues, expenses and assets are Total Current Cash Flow from accrual basis and a going concern basis contribute to the operating costs of the recognised net of the amount of goods Liabilities 373,966 4,566 financing activities adopting the principles of historical cost Council. and services tax (GST), except where Proceeds from the amount of the GST incurred is not Total Liabilities 373,966 4,566 accounting, except where otherwise (e) Payables capital contribution - 900,000 recoverable from the Australian Tax stated. Liabilities are recognised for amounts to Net Assets 78,675 952,283 Redemption of Capital (900,000) Office (ATO). In these circumstances be paid in the future for goods or services (b) Recognition of revenue the GST is recognised as part of the cost Equity Net cash inflow received, whether or not billed to the Contribution payments are recognised of acquisition of the asset or as part of an Contributed Capital 4 - 900,000 (outflows) from Council. The carrying amount of accounts as revenues when the Council gains item of the expense. Accumulated Surplus 4 78,675 52,283 Financing Activities (900,000) 900,000 control over the assets comprising the payable approximates net fair value. Creditors are payable within 30 days. The net amount of GST recoverable Total Equity 4 78,675 952,283 Net (Decrease) (382,926) 651,718 contributions. from, or payable to, the ATO is included (f) Receivables Increase in Cash Held All other revenue is brought to account as as part of receivables or payables in the The above Statement of Financial Position should Debtors are carried at amounts due. There be read in conjunction with the accompanying notes. it is earned and where the services have Statement of Financial Position. The Cash at Beginning of is no interest levied on overdue debts. been provided. GST component of a receipt or payment Financial Year 699,081 47,363 The Council’s stated terms in respect of is recognised on a gross basis in the amounts receivable are payment in full Cash at end of Statement of Cash Flows. within 30 days. Financial Year 8 316,155 699,081

The above Statement of Cash Flows should be read in conjunction with the accompanying notes. 18 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2003–2004 19

(i) Contributed Capital (m) Impacts of adopting AASB equivalents Note 2: Consistent with UIG Abstract 38 to IASB standards. Revenue from Ordinary Activities “Contributions by Owners Made to For annual reporting periods ending on or 2005 2004 Wholly Owned Public Sector Entities” after 30 June 2004, AASB 1047 Disclosing $ $ and Financial Reporting Direction No. 2 the Impacts of Adopting AASB Equivalents to “Contributed Capital”, transfers that International Financial Reporting Standards Contribution Payments 413,959 298,344 are in the nature of contributions or requires narrative disclosure of how the Alpine Sustainability Forum 45,171 - directions have also been designated as transition process is being managed and contributed capital. an explanation of the key differences of Other Income 3,000 - accounting policies that are expected (j) Going Concern Basis Interest 32,646 3,051 to arise from the transition to AASB The Alpine Resorts Co-ordinating Council equivalents to IASB Standards. Total Revenues from is totally dependent on the support of Ordinary Activities 494,776 301,395 the Mt. Buller and Mt Stirling, Mt. For financial reporting periods beginning Hotham and Falls Creek Alpine Resort on or after 1 January 2005, all Australian Management Boards under the provisions reporting entities are required to adopt of section 38 (af) of the Alpine Resorts the financial reporting requirements to the Note 3: (Management) Act 1997 to ensure that the Australian equivalents to International Expenses from Ordinary Activities Council is able to meet its obligations as Financial Reporting Standards (IFRSs). 2005 2004 and when they are due. Accordingly, the $ $ Given the nature of the Council’s accounts have been prepared on a going activities, the adoption of the requirements Council Members Fees 64,199 9,210 concern basis. of the Australian equivalents to IFRS Audit fees paid or payable (k) Rounding does not have a material impact on the to Victorian Auditor General 4,320 4,050 Unless otherwise stated, amounts in the Council’s financial position and future Statements have been rounded to the financial performance. Promotion and Publicity 15,000 15,000 nearest dollar. Administration Services 316,000 247,142 (l) Comparatives Alpine Sustainability Where practicable, comparative amounts Forum 27,040 - are presented and classified on a basis consistent with the current year. Insurance 3,045 2,814 General Expenses 38,780 15,841 Total Expenses from Ordinary Activities 468,384 294,057 20 4 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 21

Note 4: Note 4: Note 7: Equity and Movements in Equity Equity and Movements Reconciliation of results from in Equity continued ordinary activities to net cash inflow/ 2005 2004 (outflow) from operating activities $ $ In 2003–04 the Government provided $900,000 for (a) Accumulated Surplus the construction of a new bridge over the Delatite 2005 2004 River to provide safer access to Mt Stirling. This Accumulated Surplus $ $ was held by the Council as Contributed Capital at the beginning of the pending formal establishment of new management Net Result 26,392 7,338 Financial Year 52,283 44,945 arrangements. This amount was paid to the Mt Buller and Mt Stirling Alpine Resort Management Change in operating Net Result 26,392 7,338 Board as Contributed Capital in 2004–05. assets and liabilities Accumulated Surplus (Increase) Decrease at the end of the in Receivables 121,282 (130,646) Financial Year 78,675 52,283 Note 5: Payables Increase (Decrease) 2005 2004 (b) Contributed Capital in Payables 369,400 (124,974) Balance at the beginning $ $ Net Cash Inflow/ of the financial year 900,000 - Administrative Services 347,600 - (Outflow) from Other 26,366 4,566 Redemption of Capital (900,000) Operating Activities 517,074 (248,282) Capital contributions in year - 900,000 Total 373,966 4,566 Balance at end of financial year - 900,000 Note 8: Cash Assets Note 6: Receivables (c) Movement in Equity Cash at end of the year, as shown in the Total equity at the 2005 2004 Statement of Cash Flows, is reconciled to the beginning of the $ $ related items in the Statement of Financial Position as follows: Financial Year 952,283 44,945 Contribution Payments 116,630 257,400 Total changes in Other 19,856 368 2005 2004 $ $ equity recognised in Total 136,486 257,768 the statement of Cash at Bank 52,775 699,081 Financial Performance 26,392 7,388 Investments at Call 263,380 - Capital Contribution - 900,000 Cash at Bank Redemption of Capital (900,000) and on Hand 316,155 699,081 Total equity at end of Financial Year 78,675 952,283 22 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 23

Note 9: Note 11: Note 13: Superannuation Note 14: Council Members (continued) (ii) Remuneration (continued) The number of Responsible Persons whose Lease Other The Council contributes in respect of the Council members to the Responsible Persons and Mr D Pullar remuneration from the Council was within the Commitments Commitments following superannuation schemes: Related Disclosures (1 July 2004 to 30 June 2005) specified bands are as follows: As at 30 June As at 30 June 2005 (i) Responsible Persons Type of Scheme 2005 2004 Mr J Stanley 2005 there were no there were no other The names of the persons who were 2005 2004 (1 July 2004 to 30 June 2005) operating or financial commitments $ $ responsible persons at any time during the No. No. lease commitments (2004: $900,000). financial year were: Ms J Ward Vic Super Accumulation 2,455 58 $0 - $9,999 11 12 (2004: $Nil). (1 July 2004 to 30 June 2005) Mt Willows Responsible Minister $10,000 - $19,999 1 - Note 12: Ms M van Rees Superannuation Fund Accumulation - 66 The Hon John Thwaites MP Ms M van Rees is an employee of Parks Note 10: Contingent (13 July 2004 to 30 June 2005) Capital Liabilities Legal industry Minister for Environment Victoria and is not eligible to receive Accountable Officer remuneration as a member of the Council. Commitments The Council is Superannuation Scheme Accumulation 580 58 Council Members As at 30 June 2005 unaware of any Mr S Bowe The relevant amounts relating to the Minister Health Superannuation Fund Accumulation 338 - Mr A Fairley, Chairperson there were no capital outstanding (1 July 2004 to 8 May 2005) are reported separately in the Financial (1 July 2004 to 30 June 2005) commitments contingent liabilities. Spectrum Plan Accumulation 548 - Statements of the Department of Premier Ms A Stone (2004: $Nil). Mr G Carlson and Cabinet. CARE Super Accumulation 831 - (9 May 2005 to 22 May 2005) (1 July 2004 to 21 Jan 2005) The amounts paid to the accountable officer Australian Retirement Fund Accumulation 548 - Mr B Miles Ms J Curkpatrick are included in the Financial Statements (23 May 2005 to 30 June 2005) Total Contribution to all funds 5,300 182 (22 Jan 2005 to 30 June 2005) of the Department of Sustainability and (ii) Remuneration Environment. There are no unfunded liabilities associated with the Mr J Dyson The remuneration received or due and above schemes as they are accumulation schemes. (1 July 2004 to 30 June 2005) (iii) Other Transactions received by the Responsible Persons in Other related party transactions requiring There are no loans from any of the above funds to the Ms L Mann connection with the management of the Council as at 30 June 2005 (2004: $Nil). disclosure under the directions of the Minister (1 July 2004 to 19 Nov 2004, Council during the reporting period was: for Finance have been considered and there At 30 June 2005 there were no outstanding amounts 31 May 2005 to 30 June 2005) owed to the Superannuation Funds (2004: $Nil). 2005 2004 are no matters to report. Mr V Tabensky $ $ (iv) Executive Remuneration (20 Nov 2004 to 30 May 2005) 64,199 9,210 No executive officer received remuneration Ms D Patterson in excess of $100,000 (2004: Nil). (1 July 2004 to 30 June 2005) Mr G Provis (1 July 2004 to 30 June 2005) 24 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2003–2004 25

Note 15: Financial Instruments (a) Interest Rate Risk. (c) Net Fair values of The Council’s Financial Assets Fixed Interest Maturing In exposure to and Liabilities. interest rate risk The net fair value Floating Over More Non- and the effective of the Statement Interest 1 year 1 to 5 than Interest weighted average of Financial Notes Rate or less years 5 years Bearing Total interest rate Position, financial $ $ $ $ $ $ for each class of assets and 30 June 2005 financial assets financial liabilities Cash Assets 8 316,155 - - - - 316,155 and liabilities are not materially Receivables 6 - - - - 136,486 136,486 is set out in the different to table. the carrying Total 316,155 - - - 136,486 452,641 value of the (b) Credit Risk financial assets Weighted Average Exposure. and financial Interest Rate 4.38% Credit risk liabilities. Financial Liabilities represents the Payables 5 - - - - 373,966 373,966 loss that would be recognised if Total - - - - 373,966 373,966 counter parties Weighted Average fail to perform Interest Rate as contracted. The risk on 30 June 2004 financial assets Cash Assets 8 699,081 - - - - 699,081 of the Council, Receivables 6 - - - - 257,768 257,768 which have been Total 699,081 - - - 257,768 956,849 recognised on the Statement Weighted Average of Financial Interest Rate 3.33% Position, is the Financial Liabilities carrying amount. Payables 5 - - - - 4,566 4,566 Total - - - - 4,566 4,566 Weighted Average Interest Rate 26 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 Alpine Resorts Co-ordinating Council Annual Report 2004–2005 27 28 Alpine Resorts Co-ordinating Council Annual Report 2004–2005

Disclosure Index

The Annual Report of the Council is prepared in accordance with Legislation Requirement Page No. all relevant Victorian legislation. This index has been prepared to FRD 12 Disclosure of major contracts 12 facilitate identification of the Council’s compliance with statutory FRD 22 Statement of availability of other information 13 disclosure requirements. FRD 22 Occupational health and safety 5 Legislation Requirement Page No. FRD 15 Executive officer disclosures na Ministerial Directions FRD 10 Disclosure index 28 Report of Operations FRD 24 Reporting of office-based Charter and purpose environmental impacts 5 FRD 22 Manner of establishment and the FRD 25 Victorian Industry Participation Policy relevant Ministers 5 disclosures na FRD 22 Objectives, functions, powers and duties 5 FRD 8 Budget portfolio outcomes na FRD 22 Nature and range of services provided 7 Financial Statements Management and structure Financial statements required under Part 7 of the FMA FRD 22 Organisational structure 5 SD 4.2(c) Compliance with Australian accounting standards and other Financial and other information authoritative pronouncements Note 1(a) FRD 22 Statement of workforce data and SD 4.2(c) Compliance with merit and equity 5 Ministerial Directions Note 1(a) FRD 22 Summary of the financial results for the year 3 SD 4.2(d) Rounding of amounts Note 1(k) FRD 22 Significant changes in financial SD 4.2(c) Accountable officer’s declaration 14 position during the year 3 SD 4.2(f) Model Financial Report na FRD 22 Operational and budgetary objectives SD 4.2(b) Statement of financial performance 14 and performance against objectives 3 SD 4.2(b) Statement of financial position 16 FRD 22 Major changes or factors affecting SD 4.2(b) Statement of cash flows during the year 16 performance 3 FRD 22 Subsequent events nil Other disclosures in notes to the financial statements FRD 22 Application and operation of FRD 9 Departmental disclosure of Freedom of Information Act 1982 11 administered assets and liabilities na FRD 22 Compliance with building and maintenance FRD 11 Disclosure of ex-gratia payments na provisions of Building Act 1993 na FRD 13 Disclosure of parliamentary appropriations na Designed by Blue Boat FRD 22 Statement on National Competition Policy 13 FRD 21 Responsible person and executive FRD 22 Application and operation of the officer disclosures Note 14 Whistleblowers Protection Act 2001 13 FRD 23 Superannuation liabilities FRD 22 Details of consultancies over $100,000 12 and disclosure Note 13 FRD 22 Details of consultancies under $100,000 na www.arcc.vic.gov.au