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ANNUAL REPORT 2020 05 11 21 PRESIDENT'S CHIEF EXECUTIVE AUSTRALIAN REVIEW OFFICER'S OLYMPIC REPORT COMMITTEE

33 45 53 OLYMPISM IN THE OLYMPIAN TEAMS COMMUNITY SERVICES CONTENTS 63 67 75 FUNDING THE HOW THE AOC 'S AUSTRALIAN IS FUNDED OLYMPIC HISTORY OLYMPIC MOVEMENT

85 97 125 CORPORATE FINANCIAL AOF 2020 ANNUAL GOVERNANCE STATEMENTS REPORT

Australian Olympic Committee Incorporated ABN 33 052 258 241 REG No. A0004778J Level 4, Museum of Contemporary Art 140 George Street, , NSW 2000 P: +61 2 9247 2000 128 135 CHAIR'S FINANCIAL REVIEW STATEMENTS @AUSOlympicTeam olympics.com.au Photos used in this report are courtesy of Australian Olympic Team Supplier Getty Images. OUR ROLE Provide athletes the opportunity to excel at the and promote the values of Olympism and benefits of participation in to all Australians.

Cathy Freeman after winning Gold in the 400m Final during the 2000 Sydney Olympic Games

1 2 GAMES OLYMPISM IN THE COMMUNITY

WINTER 2020 , SWITZERLAND 9 - 22 JANUARY 2020 HIGHLIGHTS 1,111 450 COMPLETED VISITS SUBMISSIONS 151,723 830 STUDENTS VISITED STUDENT LEADERS QLD FROM EVERY STATE AND TERRITORY SA PARTNERSHIPS 33 7 NSW 1,417 ATHLETES SCHOOL ACT REGISTRATIONS 21 1 1 2 SELECTED TO ATTEND THE NATIONAL SUMMIT 229 33PARTNERS ATHLETES TRAINED

13 CAMPAIGNS SUPPLIERS AOC TEAM

#TeamAUS 45 7 +2 -12 LICENSEES TOTAL HEADCOUNT PERMANENT FIXED TERM 144 12.3M 157K 5.5M HEADCOUNT & CASUAL POSTS IMPRESSIONS ENGAGEMENT VIDEO VIEWS 6.3% HEADCOUNT TOP PERFORMING POSTS (IMPRESSIONS) #OlympicDayGoals @AUSOlympicTeam Sydney 2000 Anniversary 4.8m 9m 44 528K 10K 107K 25.2M POSTS IMPRESSIONS ENGAGEMENT VIDEO VIEWS REACH 230 6.84M POSTS IMPRESSIONS 80M IMPRESSIONS Spotlight on Sports 5.3K 1.6m 1.2m 104K 1.63M MENTIONS ENGAGEMENT VIDEO VIEWS 230 3.4M 44.8K 256K POSTS IMPRESSIONS ENGAGEMENT VIDEO VIEWS

SALLY PEARSON LONDON 2012 SYDNEY 2000 71% 59% ENGAGEMENT REACH PASSED 1m 1.2m DIGITAL 100KFOLLOWERS 113% 95% REACH ENGAGEMENT 100+M 70M 20M TILLY KEARNS ERIC THE EEL IMPRESSIONS REACH ENGAGEMENT 41% 3 FOLLOWERS 4 In the absence of the Games they had been striving for, The loyalty and support from our commercial partners the Olympic spirit has never shone more brightly. was both vital and greatly appreciated. The AOC retained all its partners in spite of the significant impact the Our athletes proved selfless, resilient and determined to COVID period had on their businesses and staff. contribute to others in spite of their individual struggles. The AOC rolled over these sponsorships for another It began with the bushfires when Olympians and year with Tokyo 2020 postponed until 2021, for no aspirants answered the call to venture into communities additional contribution from that partnership group. to build community spirit and help recovery. It was gratifying to witness the AOC and our athletes An alliance with Australia, giving back to the Partners and their staff with athlete and the Australian Sports messages of support, AOC care-packs and even an Foundation saw athletes continue this work while on-line trivia night. promoting a fundraising drive to help replace sports kit Such is the strength of the Partner family’s connection and equipment lost in communities impacted in the fires. with the Olympic family. My congratulations to Mike By March, we all faced the new challenge of COVID, Bushell, Damien Moston and the team at SportFive with competitions and qualifying events postponed and (previously Lagardere) for their work in assisting our cancelled and then lockdowns restricting all Australians. sponsors and ensuring the sponsor family and the AOC The impact on athletes’ training and preparation for the stayed strong together in 2020. Tokyo Games was immense, but as difficult as this was, they took a leadership role. Throughout this period, our regular community THROUGHOUT programs such as Olympics Unleashed and Olympic THIS YEAR, THE Change-Maker continued, but in a virtual format with athletes giving their talks to students via online platforms. AOC MANAGED TO When confined to home, athletes responded by LAUNCH A NUMBER PRESIDENT'S recording and posting home-workout routines designed to inspire Australians to stay healthy as well OF SIGNIFICANT NEW REVIEW as reinforcing key government messaging around a “TeamAUS” approach to beating the virus. INITIATIVES THAT WILL During that time, Olympics Unleashed passed an HAVE AN ENDURING The Australian Olympic Committee’s important milestone, surpassing 150,000 students Centenary year was experienced in a way who have received face to face or virtual visits from IMPACT FOR THE Olympians or Tokyo aspirants and their wonderful OLYMPIC MOVEMENT. that none of us could have imagined. messages of resilience and goal-setting. The uncertainty created by the pandemic and the Perhaps the dreadful summer bushfires Throughout this year, the AOC managed to launch a constantly shifting travel access, border restrictions and number of significant new initiatives that will have an were a harbinger of the global emergency access to training and competition necessitated frequent enduring impact for the Olympic movement. that followed in March when the COVID and accurate communication from the AOC to athletes, pandemic disrupted every aspect of our our Member sports and importantly, our Partners. On Olympic Day June 23rd, we launched the Parliamentary Friends of the Olympic Movement in My thanks to Matt Carroll, Chef de Mission for Tokyo Ian lives for the remainder of the year. Australia - a bipartisan forum open to all Senators and Chesterman, Olympian Services Manager Dan Kowalski Members which will promote the values of Olympism in and Head of Games Operations Luke Pelligrini for With the Tokyo 2020 Olympic Games Australia. getting this right. postponed on 25 March for 12 months, My thanks to the Co-Chairs of the Group - Bert van Through live on-line updates – sometimes weekly, the training, preparation and ambition of Manen MP (Liberal National Party), Federal Member for frequent newsletters to our Tokyo long-list as well as Forde and Graham Perrett MP (), our aspiring Tokyo athletes were thrown our regular newsletters to National Federations and Federal Member for Moreton for their commitment to one-on-one engagements with those sports, the into extraordinary uncertainty and supporting the role Olympic sports can play in Australia. communication was first rate. When information from More than 30 Federal Parliamentarians have joined the difficulty. the IOC, TOCOG, government agencies and other group, including Olympian and Independent MP Zali stakeholders was available, it was quickly and accurately Steggall. conveyed to those who needed to know.

5 6 The AOC also became a signatory to the United Nations’ While the majority believe that under some Catherine Freeman AM was able to join us with a On November 17th in Tokyo, in a meeting with IOC Sports for Climate Action Framework, acknowledging the circumstances, athletes should be able to express recorded message. Unable to join us live due to interstate President Thomas Bach, our Prime Minister and myself, active role that sport can play in delivering sustainable themselves however, most supporting freedom of travel restrictions, she graciously bequeathed the Mr Morrison once again expressed his full support for operations for the benefit of the environment. expression were also concerned that any expression relighting honours to two young athletes in Indigenous the bid. should not impact on other athletes’ performances or basketballer Tanaya Logan and Rio Paralympian Tamsin The AOC has committed to embracing sustainability in its Queensland Premier Annastacia Palaszczuk announced overall experience at the Games. Colley. day-to-day operations, measuring progress, advocating on December 7th her government’s intention to and educating with member sports. Off the back of this survey, the Athletes’ Commission But the celebration mainly took place in the digital space resume work on the candidature and with the further initiated an educational forum examining Australia’s with the AOC’s website and social media platforms commitment from ’s Lord Mayor and Chair The AOC has appointed an executive to develop and plan Indigenous history, Indigenous issues and the challenges breaking all records for audience engagement with the of the Council of Mayors, South East Queensland strategies for operational implementation to ensure it of reconciliation. stories, videos and snapshots of our Olympians and the Councillor Adrian Schrinner, all three levels of can meet its commitments under the Framework and to great moments. government are aligned and supportive. work with Member Sports on their own strategies and The “Walk with Us” forum was held live on-line in action plans. November featuring panel discussions with Indigenous The #MySydney2000 hashtag received more than Consequently, the Queensland candidature is very and non-Indigenous Olympians, questions from 72 million impressions. Channel Seven, our Olympic strong and highly developed and ready for the next step These commitments were further reflected in an AOC Olympians and presentations from prominent Indigenous Games broadcaster and sponsor recorded outstanding – what’s known as ‘targeted dialogue’ with the IOC’s submission to the House of Representatives Standing figures Stan Grant and Dean Parkin. ratings for its special programs recalling the Opening Future Host Commission, which has carriage of the Committee for Environment and Energy in relation to Ceremony and the Games' great moments – played candidature process. the Climate Change (National Framework for Adaption The forum was driven by the AOC’s Indigenous Advisory during the time the postponed Tokyo Games would have and Mitigation) Bill 2020 and the Climate Change Committee, Chaired by Sydney 2000 sprinter Patrick A Brisbane Games would be fully aligned with the IOC’s been held and again during the 20 year anniversary (National Framework for Adaption and Mitigation) Johnson. evolving Agenda 2020 New Norm policies and ambitions, period of Sydney 2000. (Consequential and Transitional Provisions) Bill 2020. including to reduce cost and complexity, improve Catherine Freeman’s indelible Sydney legacy was efficiency and generate additional revenue. The AOC also expressed strong opposition to proposed THIS YEAR CONTAINED further captured in the excellent ABC TV documentary amendments to Australia’s Foreign Relations (State The opportunity provides a compelling alignment of “Freeman” directed by Laurence Billiet, while her and Territory Arrangements) Bill 2020 which, had they SO MANY MILESTONES. Brisbane 2032 with fast-tracked capital investment victory was projected onto the sails of passed, would have almost certainly seen Australia for rail and road infrastructure and other government the . suspended from the Olympic movement by placing the IT WAS OUR CENTENARY stimulus initiatives, including funding for community AOC in conflict with the Olympic Charter. YEAR AND ALSO THE The latter celebrating a collaboration between the health, wellbeing and sporting legacies as Australia National Film and Sound Archive and the IOC’s Olympic emerges from the pandemic. In a submission to the Senate Foreign Affairs, Defence 20TH ANNIVERSARY Foundation for Culture and Heritage, recognising the and Trade Committee, I explained that the Olympic permanent preservation of Catherine’s performance Charter requires NOCs maintain political neutrality and SINCE THE SYDNEY 2000 using synthetic DNA technology – the first piece of must operate free from government interference. ON NOVEMBER GAMES, THE GREATEST Australian video to be archived in this way. The proposed amendment to this Bill by Independent Our sponsor News Corp Australia and other news 17TH IN TOKYO, IN A Senator Rex Patrick would have brought the AOC’s GAMES EVER. media embraced the spirit of that time. It is so fondly activities into the purview of the Bill and thus subject to remembered, not the least of all by the Sydney 2000 MEETING WITH IOC government interference. It celebrated Australia’s 52 Indigenous Olympians athletes themselves who thoroughly enjoyed the journey and marked an important first step in providing PRESIDENT THOMAS Fortunately, both the Federal Government and Federal back in time. Perhaps the only journey they could make, critical information to Australia’s Olympic movement, Opposition recognised the dangers of the amendment, given the COVID crisis. BACH, OUR PRIME particularly Olympians themselves who can play a which was defeated after a short debate. Foreign significant role in the reconciliation process. The wonderful remembrance of Sydney only heightened Minister Marise Payne praised the Olympic Charter as MINISTER AND MYSELF, interest in the prospect of Australia’s potential to host a having “stood the test of time” and confirmed that the The AOC is currently finalising its inaugural third Olympic Games, with Queensland’s candidature for MR MORRISON ONCE government respected the AOC’s political neutrality. Reconciliation Action Plan (RAP) as a valuable ingredient 2032. of its Indigenous Strategy. The RAP will drive the AGAIN EXPRESSED HIS The AOC Athletes’ Commission undertook a survey of AOC’s contribution to reconciliation internally, with In March, I wrote to the Prime Minister, the Queensland Australian Olympians and aspirants for the Tokyo 2020 stakeholders and the community. Premier and the Council of Mayors, South East FULL SUPPORT FOR Games, following an IOC Athletes’ Commission initiative Queensland requesting that we suspend our candidature to explore the different ways of how athletes can express This year contained so many milestones. It was our THE QUEENSLAND BID. efforts domestically in order for our governments their support for the principles enshrined in the Olympic Centenary Year and also the 20th anniversary since the to focus on protecting the community from the Charter. Sydney 2000 Games, the greatest Games ever. coronavirus. This year was also challenging in terms of my role as The findings, released in August by Athletes’ Commission With the relighting of the Olympic Cauldron at Sydney Chair of the IOC’s Coordination Commission for the Behind the scenes however, the important work on Chair Steve Hooker OAM, found that more than 80% of Olympic Park on September 14th, we began a national Tokyo Olympic and . a Games Masterplan continued. On September 15th, all respondents felt a protest on the field of play would and international recollection of these record-breaking I wrote to the IOC providing an update which included The support of the Japanese Government has been detract from the performance or experience of athletes. Games. My thanks to AM and Paralympian a confirmed Games Master Plan and Transport Plan off remarkable, particularly given the smooth transition with Louise Sauvage OAM for joining us live for that event, the back of detailed discussions with the International former Prime Minister Shinzo Abe seamlessly succeeded conducted with strict COVID protocols. Federations and International Paralympic Committee. by Yoshihide Suga after retiring due to ill-health.

7 8 Tokyo Governor Yuriko Koike was also comfortably We also lost a great Olympian in James Wolfensohn The AOC recorded a deficit of $0.9m for the year, Along with my role as Chair of the IOC’s Coordination re-elected after committing herself to a postponed KBE, AO who competed in the Men’s team epee in primarily due to the impacts of COVID-19 and the Commission for Tokyo 2020 these responsibilities come Games. Working closely with all these parties, 1956. While his Olympic career was brief and postponed Tokyo Games. In sponsorship, we granted our at a time of both challenges and great opportunities, there have been significant strides taken to develop for him “the most exciting time of his life”, Jim’s career in sponsors rollover relief which had the effect of pushing I am delighted to be supporting IOC President countermeasures to enable the Tokyo Games to proceed, international business and finance makes him a towering revenues into 2021 which would otherwise have been Thomas Bach in strengthening the Olympic movement. while also simplifying the Games to reduce costs, without figure in our history. earned in 2020. Finally, my thanks to Matt Carroll our CEO and his impacting on the athletes or their field of play. A legal, then banking career saw this great Australian rise Revenues were further impacted when our national staff for their efforts in 2020. They met the challenges Prime Minister Suga has provided great reassurance to become head of the World Bank – an organisation he Team Appeal fundraising campaign was cancelled due to presented with great determination and the agility through his stated determination “to hold a safe and utterly transformed, putting people first and leaving an COVID-19 restrictions. required to successfully negotiate the year. secure Games” including declaring a state of emergency enduring legacy globally. On the expenditure side, whilst the Tokyo Games Most importantly, the focus on working so closely and in Japan to bring the coronavirus under control. Like Accordingly, I proposed the late James Wolfensohn to postponement deferred many of our commitments into constructively with our National Federations this year all of us, he has been buoyed by the global rollout of a the AOC Executive for our highest award, the Order of 2021, there were still some material amount of Games was outstanding in its detail and thoroughness. This focus vaccine, including in Japan by late February 2021. Merit. expenditure items that were required to be met and will see our Australian Team safely into Tokyo next year In the winter sports arena, we saw some significant accounted for in the 2020 financial year. when the Tokyo 2020 Olympic Games will go ahead. I also proposed Dr Helen Nugent AO for the Order of developments. The construction of Australia’s first And safely home. Merit for her contribution to the AOC as an invaluable Rationalising of expenditure and activities across all-weather training facility for Australia’s aerial skiers was member of the Australian Olympic Foundation’s the business in 2020 has helped limit the size of the I know they will all do us proud and produce their best. completed and tested. Named the Olympic Investment Advisory Committee over a ten-year period. potential deficit we were facing, as did our eligibility The AOC can be proud of this year and we will reap Winter Training Centre, the title acknowledges the for the Federal Government’s Jobkeeper program that the benefits in 2021. life-long contribution Geoff Henke AO has made to assisted with our staffing costs. Australian Winter Olympic sport. PRIME MINISTER While there was a deficit due to the impact of JOHN COATES AC We also announced our Chef de Mission for the President COVID-19, it is important to note that we maintain a 2022 Winter Games, the highly credentialled Geoff SUGA HAS PROVIDED healthy balance sheet with $6.8m in retained surpluses Lipshut, CEO of the Olympic Winter Institute of Australia. GREAT REASSURANCE at the end of 2020. Geoff Lipshut is well known to our athletes having been These surpluses will be available to meet the balance of a coach or official at seven Winter Games, and a pioneer, THROUGH HIS STATED expenditure for the Tokyo 2020 Games postponement particularly through the creation of a transfer program to 2021. which has converted skilled gymnasts into world-class aerial DETERMINATION “TO skiers. HOLD A SAFE AND Testament to the astute stewardship of the AOF Investment Advisory Committee, the Foundation finished He succeeds Ian Chesterman AM who will lead the with year with net assets totalling $170.4 million. Australian team to the Tokyo 2020 summer Games. SECURE GAMES" In spite of the severe disruption of COVID-19 on There was also tragedy and sadness within a short space Helen’s contribution has seen the AOF continue to grow financial markets, remarkably this figure is down only of time in 2020 with the untimely passing of snowboarder and protect the capital base of the AOF while providing $1 million on the previous year. Alex “Chumpy” Pullin and figure skater Ekaterina (Katia) sufficient income for the AOC to fund its Teams and Alexandrovskaya. community programs, notwithstanding the challenges of The net asset value of this fund forms the basis of the the COVID outbreak. 4% annual distributions for the next four years. Chumpy Pullin was a much loved and inspirational figure. Accordingly, cash distribution to the AOC for the next A three-time Winter Olympian and two-times world Like Jim Wolfensohn, Helen is a graduate of the Quad will be $6,819,745 per year compared with champion snowboard cross athlete, he carried the flag for Harvard Business School, boasting an enviable career $6,250,000 per year for the 2020 Quad, an increase the Australian Team at the Opening Ceremony of the Sochi in insurance, banking and energy – currently Chair of of $2.27 million over the four years. in 2014. Ausgrid and the National Portrait Gallery as well as holding numerous directorships. Since its inception, the AOF has distributed $130.3 Katia, who died in her native Russia, was twice Australian million to enable the AOC to send Teams to the Olympic national champion in pairs figure skating with her partner Both resolutions to the AOC Executive were carried Games, run community programs and support athletes. and Australia’s first Indigenous Winter Olympian, Harley unanimously and will be announced at our forthcoming Windsor. The pair represented Australia at PyeongChang AGM in May 2021. After the constant uncertainty of 2020, my 30th year 2018, placing 18th. as AOC President, it was pleasing that the year ended In Helen’s case, the presentation of her award will be in on such a strong financial note. In acknowledging the passing of members of the Olympic person at our 2022 AGM. family in 2020, I would also acknowledge the late John I was greatly honoured at the July IOC Session to be Fahey AC, former NSW Premier who fought so hard to elected IOC Vice-President for a second term and win the hosting rights for the Sydney Olympic Games. We consequently return to the IOC Executive Board. owe John a great debt for the role he played, and later in This is a very important time for the Olympic his capacity as President of the World Anti Doping Agency movement globally. (WADA).

9 10 GAMES POSTPONEMENT With advice from IOC President Bach that cancellation The provision of clear, factual information through was not on the agenda, the Executive unanimously regular communication was the key. As soon as new The Olympic year commenced with the growing resolved that Australian athletes should prepare for a details on the Games postponement came to hand, apprehension of a global pandemic. We were all Tokyo Games in the northern summer of 2021. Athletes the Chef de Mission wrote letters to long list athletes operating in uncharted territory. . The uncertainty and were advised to return home to their families before all and team officials and virtual meetings for athletes team anxiety caused by COVID-19 placed immense pressure State borders closed. officials and member sport CEOs and sport performance on athletes and sports when they should have been managers were held. focused on preparing for the Games. The following is The Executive issue a media release and the President a short account on the events and actions undertaken and CEO held a media conference stating that this was Community engagement programs were re-purposed by the AOC to manage the first postponement of an the only real and honest advice to provide the athletes. to on-line delivery and Olympian Services immediately Olympic Games. Athletes overwhelmingly welcomed the Executive’s swung into action with greater on-line support to decision, citing certainty and relief. athletes including the creation of weekly webinars on a 18 MARCH range of informative topics. Chef de Mission Ian Chesterman and CEO Matt Carroll 24 MARCH The postponement was used to bring forward improved participate in the Oceania IOC teleconference in which IOC President and Prime Minister of Japan announced software and training to support greater automation of IOC President Bach set out the overriding principles in that the Games of the XXXII Olympiad in Tokyo must be AOC systems and processes. the staging of the 2020 Tokyo Olympics: rescheduled to a date beyond 2020 but not later than summer 2021, to safeguard the health of the athletes, Public Affairs & Communications provided the vital 1. To protect the health of everyone involved and to everybody involved in the Olympic Games and the service and channels for communication with athletes support the containment of the virus. international community. and supported our Partners with digital content. 2. To safeguard the interests of the athletes and of This decision and the ongoing government restrictions There was immediate engagement with the CEOs Olympic sport. and regulations required the AOC to reconfigure our of our Partners and Official Suppliers to ensure they operations, reprioritise planning, initiate special projects 19 MARCH had the facts and details of our plans to manage the to support our members sports and their athletes and postponement. They were provided with contract AOC Chef de Mission and CEO hold a media conference co-ordinate support for the Australian community. extensions to post Games in 2021. All have stayed with supporting and advocating the IOC’s communique and The AOC placed the health and wellbeing of athletes, the AOC. overriding principles. officials and staff at the forefront of all our planning and decisions. National Team Appeal dinners were cancelled, and all 20 MARCH table purchasers offered a full refund. Several of our • Australian Government and several State Providing certainty to athletes and their sports was benefactors declined the refund offer saying, “we will see Governments announced new or heightened critical so we welcomed the IOC’s swift decision to you next year”. measures to combat the spread of COVID-19. These confirm that athletes that had completed the entire Corporate Services provided the discipline and rigor to measures included lifting the international travel qualification process, under the existing international manage the changed financial situation and cash flows, advice to Level 4 – “do not travel overseas”; advising qualification systems, would remain qualified. The AOC providing detailed reports to the Finance Commission. CHIEF all Australians to return home as soon as possible as quickly confirmed selected athletes would remain international borders will be closing. members of the Australian Olympic Team for the Tokyo As the year progressed it became apparent that the Games. pre-Games qualification period and Team assembly EXECUTIVE • Scheduled AOC Executive meeting – Executive would become a significate challenge for the sports, receive briefing on IOC meeting and status of Games Partnering with the AIS and Paralympics Australia, a their athletes and the AOC. In August Project Wagasa OFFICER'S qualifications and preparations. web page on the AIS site was established to provide athletes and team officials with timely, evidence-based (Japanese for umbrella) was launched. The project sees • Over the weekend the borders of , information on COVID-19. AOC take a lead role in providing an umbrella plan to REPORT Tasmania, , Queensland and Northern deliver: Territory closed. The Australian Team Medical Director, Dr David Hughes, in his capacity as AIS Medical Director led outstanding • Integration of individual sports pre-Tokyo Games • Prime Minister advises that these unprecedented activities and risk plans into an overall umbrella plan The Olympic year that never was, 2020. work in developing COVID safe practices for sports restrictions would most likely be in place for and athletes to manage their training and return to to responsibly manage the Australian team assembly Yet when I look back over the 12 months, 6 months and if still in place in July, would extend competition. period and to safely demobilise the Team post-Games; to the Australian Olympic Team. while it was a very different and Working with member sports a tracking register of • Support, in conjunction with the OWIA, the winter sports and their athletes preparation and participation challenging year, I am pleased to report 23 MARCH competitions, qualifiers, training camps and individual in the qualification competitions for the Australian team • IOC Executive Board announce scenarios for changes athlete’s plans was established. This enabled the AOC to a year of successes. By thinking ahead, for Beijing 2022; to the start date of the 2020 Games in Tokyo. provide quick specialised advice from the Government, being agile in the way we worked and dependant on the region of the world, to a team or an • AOC Executive hold special meeting to review • Co-ordinate whole of Olympic sport interaction with athlete intending to travel. communicating clearly, we continued to the IOC advice, consider the impact of the government, federal & state, to assist sports in the build on the AOC’s mission and objectives. Government’s new regulations and receive direct Simpler initiatives included providing member sports delivery of pre-Games training & camps and; feedback from athletes through the chair of with regularly updated talking points to support media • Provide athletes, for both Games, to prepare and The following report is in three sections, the Athletes' Commission. The new regulations enquiries and COVID safe protocols for all events where train with the confidence that their dedication and Games postponement, review of the significantly impaired the ability for athletes to train athletes and team officials were present. commitment is being fully supported so as provide and prepare and the AOC’s task to assemble the them every opportunity for success. strategic initiatives for the 2020 Quad Team for Tokyo almost impossible. The message and a thanks and look to 2021. from athletes was that the stress and uncertainty was extremely challenging.

11 12 The initiatives noted ensured the AOC successfully While the pandemic intervened, we were able to During the year both IOC and ANOC announced the managed the consequences of the first ever Games commence athlete visits late 2021. We will also be provision of financial support to NOCs to assist with 4 INITIATE PLANS TO postponement and impact on our sports and their taking “Olympics Live” into the affected towns during the the postponement of the Games and managing the SIGNIFICANTLY EXPAND athletes of the global pandemic. Games with the support of Optus and Westpac. pandemic. For Oceania, ANOC support is being managed AOC’S LEADERSHIP OF OLYMPIC by ONOC. The AOC expresses our sincere thanks to In keeping with our Objective 6.4 to promote Olympism SPORTS THROUGH ADVOCACY the three organisations for this very welcome financial STRATEGIC INITIATIVES through education and research, we have initiated a WITH GOVERNMENT 2020 REPORT support of our Games operations and the Olympic Team. project to rejuvenate and form a closer association with Our advocacy on behalf of member sports has greatly In 2017 the AOC Executive set out ten strategic the Australian Olympic Studies and Research Centres. I was fortunate to attend the Lausanne 2020 Youth expanded over the Quad and this year was no exception. initiatives to be completed over the Quad. While 2020 Australia currently has two Centres, one at the University Olympics where Josie Baff, created history when she Following is a brief summary of initiatives and projects was disrupted by the pandemic and the first ever Games of Technology Sydney, in operation since 2005 and a won Australia’s first-ever Winter YOG in undertaken and commenced postponement, I am pleased to advise that the initiatives second at the , operating since the women’s Snowboard Cross. Our Chef de Mission, have been achieved and the brief expanded and adapted. 2000. There is also an office at University of , Ramone Cooper, did an excellent job in leading the Team. NATIONAL REDRESS SCHEME titled, Olympic Research Network. Parents of competitors complimented the work of Team The AOC commenced engagement with the National management and thanked the AOC for our support of Redress Scheme (NRS) and the Minister for Families and Of great significance we activated purposeful initiatives the young athletes. Social Services in October 2019. The aim has been to 1 DESIGN AND IMPLEMENT to support our Objective 6.6; facilitate a process for our Sports to fully participate in COMMUNITY ENGAGEMENT ‘to recognise the heritage, culture and contribution of our the NRS. PROGRAMS nation’s first people, and to give practical support to the 3 DEVELOP AN OVERARCHING COMMUNICATION STRATEGY The engagement and process has not been simple but Our flagship community program, Olympics Unleashed, issues of Indigenous reconciliation through sport’. there has been an ongoing commitment from all parties is being delivered in Qld, NSW, ACT, SA and will launch FOR THE AOC AND OLYMPIC To guide reconciliation initiatives and advise on the to work towards a deliverable solution. The AOC joined in WA in 2021. Discussions continue with Victoria, SPORTS development of practical programs, the Executive 26 August 2020 and 11 member sports have either NT and Tasmania. The number of school visits has approved the establishment of the Indigenous Advisory Over this Quad the AOC has built a very effective joined or are in the on-boarding process. reached 1,417, meaning 151,723 students benefited Committee (IAC) with Olympian Patrick Johnson as communications team and developed systems to support from an Olympian telling their story of success and Our advocacy is based on the commitment of the the inaugural chair, supported by nine of our great it. Through this platform building, we have delivered disappointment, resilience and achievement. Over 230 AOC and all our member sports to provide Redress to indigenous Olympians. high quality content to support Teams, athletes, sports athletes have benefited from presentation training and survivors of child sexual abuse and to acknowledge when and partners as well as significant public promotions. they were responsible for bringing the survivor into financial support the program provides. Patrick and the Committee has made a significant This platform and the communications team’s skills were contribution, allowing AOC to implement initiatives contact with the person who perpetrated the abuse. Now in its second year, Olympic Change Maker saw critical to our ability to quickly adapt with the onset of across Teams, Community and Olympians. One very 830 Year 11 and 12 students nominated by their schools the pandemic. We thank the Hon Senator Anne Ruston, Minister powerful initiative in conjunction with the Athletes' as leaders of change in their community. The National for Families and Social Services, for her continued Commission was a webinar for Olympians, titled “Walk Significant highlights in 2020 were the following with full Summit (virtual) had an audience of 26,000. A panel of engagement and collaboration. with Us”. This which has set the tone and thinking for our details and metrics later in this Report; Olympians chose 21 students for the national workshop work on this special Objective. Importantly, the AOC has and I again had the pleasure and benefit of receiving #TeamAUS THREE POINT PLAN commenced on its journey to implement a Reconciliation their presentations. The students were inspirational in Athletes’ user-generated content helping the nation In April, the AOC collaborated with Commonwealth Action Plan to be initiated in 2021. their approach to the tasks set for them and leave me stay active at home and supporting government Games Australia and Paralympics Australia to draft with great optimism for Australia’s future. messaging; a Three Point Plan for submission to the Federal Government. The Plan focussed on the delivery of three Similarly, the pilot of Australian Olympic Connect 2 IMPLEMENT RESOURCING #OlympicDayGoals (3) key outcomes important to member sports and the successfully brought together 40 Australian and AND SYSTEMS TO ENABLE THE Encouraging people to keep active and reassess their Federal Government in the midst of the pandemic: Japanese schools, 1,500 students to celebrate the SUCCESSFUL PLANNING AND goals; shared Olympic values ahead of the Tokyo Games. 1. Certainty retaining business capability & capacity DELIVERY OF MULTIPLE TEAMS Spotlight on Sports for the Sports; With the pilot a success, we will be connecting 200 IN OVERLAPPING CYCLES Online and social media campaign to promote Olympic schools in Japan and Australia, 10,000 students, as sports during the dates of when the Games would 2. Community using the power of sport to reconnect part of the Tokyo Games in 2021 Over the quad AOC successfully and safely delivered have been held; and motivate the Australian community; and Australian teams to seven Games, ranging from the Following the tragic bushfires last summer, a special PyeongChang Winter Olympics to Youth Olympics,  Sydney 2000 3. Performance securing Australia’s international community initiative was launched, “Recovery through in Samoa, and World Beach Games, . Commemorations including #MySydney2000. competitiveness to inspire the nation. Sport”. As well as a donation of $100,000 to Australian Red Cross, the AOC led a co-ordinated effort with The AOC Operations and Sports Services team utilised The work undertaken over this quad has set AOC up Member Sports over delivered on point 2 and we Paralympics Australia, Commonwealth Games Australia, the time afforded through the postponement, to bring to further support member sports in managing and pursued the Government and the Sports Commission and the Australian Sports Foundation as an “Alliance” to forward the Beijing 2022 and 2024 operational promoting this content and digital asset as well as our own. on behalf of Sports on funding certainty for two years harness the collective good will and influence of all four planning. This has placed the AOC in a good position to address points 1 and 2. Success was achieved with the organisations. The initiative included establishing and to manage the compressed time period to deliver the Government providing for the 2-year funding request administering a fund for the replacement of sporting summer and winter Olympic teams over the and the ASC followed with their agreement to roll over equipment for sport, and community organisations months in 2021/22. the grants. and taking athletes into affected areas to help lift community spirits. SPORT INVESTMENT PROJECT The AOC, CGA and our collective Member Sports commenced a Project late in 2020 that will result in a comprehensive blueprint for long term investment in the Sports and provide a submission to the Federal Government’s 2021 Inter-Generational Report.

13 14 Over the next four years there will be four Games, the Funds raised by the Team Appeal are solely to support postponed Tokyo Olympic and Paralympic Games 2020; 5 IMPLEMENT A COMMERCIAL athletes competing at the Games. An important 8 ACHIEVE ACTIVE AND Beijing Winter Olympic and Paralympic Games 2022; STRATEGY TO IMPROVE contribution comes from State Governments - may I RESPONSIVE ENGAGEMENT Birmingham Commonwealth Games 2022; and the REVENUE FROM ESTABLISHED thank the Governments of Queensland, New South WITH NATIONAL FEDERATIONS Paris Olympic and Paralympic Games 2024. The funding AND NEW SOURCES , Tasmania, South Australia and Australian Capital AT MULTIPLE LEVELS model is therefore critical for Sport to manage their Territory for their generous support. operations and support their athletes. Commercially the 2017 – 2020 quad was the most This engagement proved invaluable in working with successful since Sydney 2000. Our relations with both On behalf of the AOC may I thank the chairs and member sports through the postponement and The IGR submission will make a clear case of the IOC global partners and local AOC partners and suppliers members of the Team Appeal Committees. Your work pandemic. It included CEO Roundtable meetings, Games importance of sport in the Australian community in are very strong, evidenced by the tremendous support and dedication raise needed funds and your co-operation operations and performance director workshops with addressing the nation’s obesity crisis, chronic diseases, we received when the Games were postponed. in managing the impact of the postponement was very particular focus on Project Wagasa, co-ordination mental health and personal development, strengthening welcomed. between the communication teams of AOC and sports, Our focus on the diversification of sponsor assets has our communities, contributing to Australia’s economy, shared athlete wellbeing initiatives and support in people helped underpinned the commercial program. Some sporting excellence, as well as research, pride, and and culture services. motivation. The submission highlights the importance Partners are directly involved in community and bespoke 7 INITIATE PROGRAMS TO of leadership, innovation and co-design between Olympian programs, while others have benefited from SUPPORT OLYMPIANS The AOC is always pleased to advocate for member government and the entire Sports Industry. program content. sport activities. Over 2020 this included supporting This initiative was a focus of this quad and will continue bids for international events, – FIBA We were very pleased to welcome Westpac to the to be a significant focus of the next. The strategy was to Women’s Basketball World Cup 2022, Ice Skating PARLIAMENTARY FRIENDSHIP GROUP (PFG) Partner family as the Official Banking Partner of the deliver programs that provided real services, work closely On Olympic Day, 23 June the Federal Parliament Australia – Four Continents Figure Skating 2022, Australian Olympic Team along with Official Suppliers, with the Athletes Commission and to ensure AOC policies launched the Parliamentary Friends of the Olympic Football Federation Australia – FIFA Women’s World Cup Elastoplast, Aspen Medical and XTM. The focus of and procedures involving athletes were balanced and Movement in Australia. The PFG is a bi-partisan forum 2023 and – Rugby World Cup 2027. Westpac’s decision to come on board was to be the supportive. Particular highlights of the initiative were: open to all Senators and Members which will promote presenting partner of “Olympics Live” and providing the AOC supported sports partnering with other the values of Olympism in Australia, raise awareness financial literacy program for Olympian Opportunities. • Olympian Opportunities and Wellbeing Week, now in organisations to develop new facilities, including Snow of and encourage participation in sport for benefits of their second year. Australia – snow sports training facility, Jindabyne; Optus continued as presenting partner of Olympics health, longevity, fitness, skill, and achievement, and – surf park, Sydney Olympic Park and Unleashed and the Royal Australian Mint again supported • Personal Sponsor Toolkit to go with Rule 40 rather to give practical support to the issue of indigenous Sports Climbing Australia – international climbing facility, Australian Olympic Change Maker. Mondelez with the than just sending out a Rule book. reconciliation through sport. Melbourne. Cadbury brand renewed for a third consecutive Olympic • Joint meetings of the Executive and Athletes Games as the Official Chocolate of the Australian This year saw the construction of the Geoff Henke We thank the Co-chairs of the group, Bert van Manen Commission to ensure informed athlete centred Olympic Team. Olympic Winter Training Centre at the Sleeman Sports MP (Liberal National Party), Federal Member for Forde policies and decisions. Centre in Brisbane. Many years in the making but and Graham Perrett MP (Labor), Federal Member for We are very focused on delivering digital and content • Seeking support of member sports to implement the now a reality through Geoff’s tenacity and vision. An Moreton, for their contributions in establishing the opportunities for Partners, integrating into sections International Olympic Committee Athletes’ Rights international standard facility that is already proving its Group. Similar groups will be started in State parliaments. of the website such as Optus branding within the and Responsibilities Declaration. By adopting the worth. The AOC sincerely thanks our partners in the ‘Olympians’ and ‘Teams’ sections, Woolworths branding Declaration, sports will be making a clear statement to development, the Australian Government through the UNITED NATIONS’ SPORTS FOR within the ‘News’ section and ‘Omega’ integrated within promote respect for these rights and responsibilities. AIS, and through Stadiums CLIMATE ACTION FRAMEWORK the countdown clock. Queensland. The AOC became a signatory to the United Nations’ • In collaboration with the Australian Institute of May I thank all our Partners and Official Suppliers for their Sports for Climate Action Framework, acknowledging Company Directors, we established a course tailored The Program and Funding Guidelines for Sports on the tremendous support and investment in the Australian the active role that sport can play in delivering to include content and case studies relevant to sport to Program of Paris 2024 was approved by the Executive Olympic Team and the Olympic Movement in Australia. sustainable operations for the benefit of the support athlete representative members on the boards in November. Funding has been maintained at existing environment. To action the initiative a Manager has been During 2020 Lagardere sold their sports arm to a of member sports. levels. appointed to develop plans that embrace sustainability German private equity group who have rebranded the Financial support to athletes came through: Direct financial support was provided through: in our day-to-day operations, measuring progress, business SportFIVE. Importantly for the AOC, the team advocating, and educating with member sports. led by Damien Moston is uninterrupted and continues to • IOC Solidarity funding ($282,641) supporting • IOC Solidarity ($193,810) to 21 sports for provide excellent service, including strategic advice and 16 athletes across winter and summer sports including qualification events, preparation camps and purchase NATIONAL OBESITY STRATEGY planning, sponsor procurement and A-class servicing. 2 refugee athletes. of equipment for high performance programs. The AOC made a submission to the Federal • AOC Medal Incentive Funding ($2.4m) was provided Government’s National Obesity Strategy late in 2019. • AOC grants $291,000 grants across 14 sports that directly to 187 athletes across 18 member sports in The submission supported the need for government don’t receive AIS grants. 6 DEVELOP AND IMPLEMENT recognition of agreed benchmark achievements and leadership in constructing a whole-of-society approach Our annual placement provided by the IOC for the AN IMPROVED NATIONAL to support their Olympic campaigns. In recognition of and urged all levels of government to harness the power Executive Masters in Sport Organisations Management FUNDRAISING STRATEGY the disruption of the postponement and extension of of sport in meeting this challenge. (MEMOS) was filled by Miles Stewart, CEO of Triathlon their Games preparation the AOC has made the same Over the quad we centralised operations of the Team Australia. His paper submitted for the course was “What payments for 2021. SPORTS MEMBER PROTECTION Appeal dinners to maximise efficiencies, including central are the key issues that affect the wellbeing of a high In collaboration with Commonwealth Games Australia procurement, new on-line tools to facilitate efficient May I thank Steve Hooker and the members of the Athlete performance coach in the sport of Triathlon (Australia)”. and Paralympics Australia, the AOC established a working payment and receipts to table purchasers and greater Commission for their work and dedication. Their interaction AOC worked with two sports to assist them through party with Sport Integrity Australia (SIA) to develop a fully collaboration between the Team Appeal committees. and positive support of the AOC management is welcomed independent framework to deal with abuse, intimidation, difficult circumstances, with the The pause caused by the Games postponement, provided and so important to us.. and other safeguarding issues in Australian sport. appointment of administrators and athlete related an opportunity to review the strategy and format of The working party met several times and SIA are in the matters and Australian Biathlon also athlete related dinners. This has led to a new approach and a change in process of designing the framework for implementation. matters. Equestrian is out of administration and the new the scheduling board under Mark Bradley has an agenda of change. 15 16 Biathlon has a new chair, Paul Garai, also committed to a PICKSTAR Despite the challenges, however, we were able to reform agenda. A platform that allows Olympians to seek and apply maintain our investment in Olympic programs and for speaking and appearance opportunities with our support to our member sports and athletes, including Collaboration continued with and sponsors and partners. maintaining levels of Medal Incentive Funding. Australian Institute of Sport across a range of issues OUR and programs important for members sports, including AOC WEBSITE While there was a deficit due to the impact of funding policy and framework and developing programs The project continues to evolve, improving the front- COVID-19, it is important to note that we maintain a for athlete wellbeing. Importantly, we worked closely on end user experience for fans and the backend user healthy balance sheet with $6.8m in retained surpluses VALUES managing the impact of the pandemic on sports. experience for administration. The website users a at the end of 2020 quad. These surpluses are essential modular approach ensuring each element can be reused for us to meet the balance of expenditure for the Tokyo We welcomed the initiative of the AIS CEO, Peter Conde, across the site ensuring efficiencies and opportunities for 2020 Games postponement to 2021. to invite the CEOs of the AOC, CGA and PA to attend Partner integration. meetings of the National Institute Network (directors of THANKS the AIS and State Academies). This has greatly improved In collaboration with the State Olympic Councils, we the opportunity for the three peak bodies to have direct initiated a review of their operations. Through better The Senior Management Team and staff have given engagement on national high performance strategy. use of technology and transfer of activities from state excellent service to the AOC over this difficult year. managed to nationally managed, efficiency gains and cost Their dedicated efforts managed the postponement and Our thanks to Rob Dalton, CEO of Sport Australia and LISTEN AND LEARN reductions have been achieved. adapted operations quickly and efficiently.This provided his team and Peter Conde, CEO of AIS and his team for as much certainty as we could to athletes, sports, We listen and have  their work in supporting our member sports in funding The health, safety and the wellbeing of our people has partners and all our stakeholders. They have my personal and programs. been a key focus for 2020. The AOC is a registered thanks and gratitude. a desire to learn COVID Safe organisation and has implemented appropriate programs and protocols, guided by the The co-operation and genuine collaboration from our 9 DEVELOP AN ENGAGEMENT Culture Plan and the organisational values. member sports makes it possible to successfully deliver STRATEGY TO COMMUNICATE many of the AOC’s objectives and initiatives. My thanks AND MANAGE OUR ENTRY INTO Learning programs delivered through our online to the sports and particularly their CEOs for their REGIONAL AND OTHER GAMES learning tool and ‘Lunch & Learn’ sessions, an improved personal support. Employee Assistance Program, and increased flexibility PERSONAL BEST Over this quad AOC has sent teams to three regional and safe work practices supported by increased internal To the AOC volunteers on our Commissions and and other Games, Indoor Asian Games, Ashgabat; Pacific communication were put in place to meet the changing Committees and the volunteers of all our member We enable people Games, Samoa and World Beach Games, Doha. The external environment while continuing to meet AOC’s sports. Thank you for your contributions, particularly to be their best organisers of regional Games are still evolving their compliance and regulatory obligations including in helping us and your sports through the year of the strategies so we continue to engage with them and also safeguarding athletes and children. pandemic. debrief members sports on the value these Games bring to their performance programs and pathways. Discussions The pandemic period required an analysis of service Particular thanks and gratitude to the President, continue regarding entry into the Asian Games. efficiencies and headcount. Contractors were either John Coates and members of the Executive for your terminated or their contacts suspended.. Unfortunately, unstinting support and counsel. We now have a file this also resulted in two redundancies. Never a welcome marked “P” for postponement but hopefully we will never ACT WITH INTEGRITY 10 ENSURE AOC OPERATIONAL exercise and the two employees had given exemplary need it again. We act with integrity SYSTEMS AND PROCESS IN service to the AOC. An exit plan with all the appropriate May I also acknowledge and congratulate John Coates PLACE TO EFFICIENTLY AND support was provided. on his election this year as Vice President of the IOC. in all that we do EFFECTIVELY SUPPORT THE Yes, a great accolade for John personally but also for the OTHER 9 INITIATIVES FINANCIAL RESULTS AOC. John’s assiduous work for the Australian Olympic Over this quad, the investment in delivering and Financially, 2020 was a challenging year with the AOC movement has ensured we are respected. improving new operating systems across games delivery, recording a deficit of $0.9m. The deficit was a direct We started 2020 going to the Tokyo Games, we end financial management, databases and on-line interaction result of the postponement of the Tokyo 2020 Games 2020 going to the Tokyo Games in 2021. The past RESPECT FOR ALL with member sports and athletes proved invaluable in due to the impacts of COVID-19. 12 months called on all of us to find ways to meet the meeting the challenges the COVID pandemic placed on On the revenue side, all of AOC’s sponsors were granted challenges that we were confronted with. For athletes, operations. We treat everyone rollover relief which had the effect of pushing revenues coaches, administrators, commercial partners, volunteers The AOC’s investment in, and adoption of cloud-based into 2021 which would otherwise have been earned in – the whole global Olympic movement, this year has with respect technologies over the past three years has enabled 2020. Further, our Team Appeal fundraising program been one of learning. it to develop new capabilities more quickly, innovate that was set to earn a multi-million dollar return was We have gained inspiration from the lessons of more easily, and scale more efficiently, all while reducing cancelled as COVID19 restrictions rolled out across the perseverance from our athletes. Their acts of kindness technology risk. The challenges imposed by Covid-19 country prohibiting us from staging events. and support of the Australian community to deal with provided a unique opportunity to bring key digital On the expenditure side, whilst the Tokyo Games restrictions on personal freedom were inspiring. A POSITIVE FORCE projects forward including; postponement deferred many of our commitments So onwards to 2021 which leads me to hope – hope We use our independence  GAMES PLANNER into 2021, there were still material amounts of Games is not fanciful. Hope motivates us to tap into our own Built on our salesforce platform, this software developed expenditure items that were required to be met and capabilities and inventiveness to turn things around. and passion to be a in house enables the planning of flights, accommodation, accounted for in the 2020 financial year. Rationalising This is what the athletes are doing – this is what the positive force accreditation and outfitting under the one system and of other activities through the year, and our eligibility AOC will be doing in 2021. delivering real value to athletes. for the Federal Government’s Jobkeeper program that assisted with our staffing costs, also aided in limiting the MATT CARROLL AM size of the potential deficit we were facing. Chief Executive Officer & Secretary General 17 18 AOC OBJECTIVES ‘WHAT WE DO’

The Objectives of the AOC as listed in the Constitution have been approved by the IOC under the Olympic Charter which regulates IOC recognition of all National Olympic Committees. Chapter 4 of the Charter explicitly sets out the mission and role of National Olympic Committees as well as their composition and structure. The Objectives are in effect our strategic aims, providing the AOC with clarity of role and mission. The challenge and focus for the AOC is to ensure we successfully achieve and improve on this mission year on year.

Develop, promote and protect the principles of Protect clean athletes and the integrity of sport by 6.1 Olympism and the Olympic Movement in Australia 6.8 being a leading advocate in the fight against doping in accordance with the Olympic Charter and all and all forms of manipulation of competition and regulations and directives issued by the IOC; related corruption; Promote, raise awareness of and encourage Adopt and implement the World Anti-Doping 6.2 participation in sport for benefits of health, 6.9 Code; longevity, fitness, skill, achievement, social Encourage and support measures relating to the interaction, wellbeing and other benefits of 6.10 medical care and health of athletes; exercise for all individuals in Australia; In support of the above objects, to effect its Encourage the development of sport for all 6.11 exclusive authority for the representation and 6.3 for the health, wellbeing and other benefits to participation by Australia at the Olympic Games, all individuals in Australia, and in support and Olympic Winter Games, Youth Olympic Games, encouragement of those objects, the development Youth Olympic Winter Games and at Regional of high performance sport as the pinnacle of the Games and do all matters incidental thereto, benefits of sporting participation; including the selection and discipline of all Promote the fundamental principles and values of members of the teams to represent Australia 6.4 Olympism in Australia, in particular, in the fields of at those Games. The Committee is obliged to sport and education, by promoting Olympic sporting participate in the Olympic Games and Olympic and health, educational programmes in all levels of Winter Games by sending athletes. schools, sports and physical education institutions In order to fulfil these objects, the Committee Shirley Strickland appears third in and universities, as well as by encouraging the 6.12 may cooperate with governmental bodies. The Athletics 100m Women Qualification, creation of institutions dedicated to Olympic London 1948 Committee shall not associate itself with any education, such as National Olympic Academies, activity which would be in contradiction with Olympic Museums and other programmes, including the Olympic Charter. The Committee may also cultural, related to the Olympic Movement; OUR VISION cooperate with non-governmental bodies; Ensure the observance of the Olympic Charter; 6.5 To exercise its exclusive authority to select and To recognise the heritage, culture and contribution 6.13 designate the city or cities which may apply to 6.6 of our nation’s first people, and to give practical organise Olympic Games in Australia; support to the issue of indigenous reconciliation Preserve the autonomy of the AOC and resist all AUSTRALIANS through sport; 6.14 pressures of any kind, including but not limited 6.7 Take action against any form of discrimination and to political, legal, religious or economic pressures INSPIRED BY violence in sport; which may prevent the AOC from complying with THE SPIRIT OF the Olympic Charter. OLYMPIC SPORT

19 20 IOC MEMBER IN AUSTRALIA Mark Arbib BA MA Executive Board Member, Federation OAM OLY Resident of Sydney, NSW International de Gymnastiqie AUSTRALIAN Olympian () Member since 2016 Member, IOC Athlete’s Entourage 1988, 1992 (1 gold medal), 1996 (1 gold Director, AOF Limited Commission Member, AOC Finance Commission OLYMPIC medal), 2000 (1 bronze medal), 2004 (1 Catherine Fettell Member, AOC Audit and Risk Committee gold medal), 2008 Olympic Games Resident of , ACT (to August 2020) Resident of Melbourne, VIC Member since 2017 COMMITTEE Member, AOF Audit and Risk Committee Member 2008 – 2012, recommenced President, Shooting Australia (to August 2020) 2013 Treasurer, World Association PPC 1500 President, Director, AOF Limited Vice President, Commonwealth Shooting President, Nitro Athletics Australia Member, International Olympic Federation Director, The Upside Corporation Pty Ltd Committee Director, AOF Limited Director, Scrumpac Pty Limited Member, IOC Athletes’ Commission Member, AOC Audit and Risk Committee Director, Packer Family Foundation Member, ONOC Athletes’ Commission Member, AOF Audit and Risk Committee Limited Member, AOC Athletes’ Commission Member, AOC Finance Commission Director, ASM Liquor Pty Ltd MEMBERS OF Member, ONOC Executive Executive Committee Member, PATRONS THE EXECUTIVE Member, IOC Olympic Programme Craig Carracher LLB (Hons), International Shooting Sport Federation Commission BCL (Hons) Evelyn Halls OLY, BA LLB (Hons) Member, IOC Marketing Commission Resident of Sydney, NSW Olympian (Fencing) Member, World Olympians Association Member since 2015 PATRON IN CHIEF PRESIDENT VICE PRESIDENTS 2000 and 2004 Olympic Games Executive Committee Chair, AOC Culture, Remuneration and Resident of Melbourne, VIC General the Honourable David John D Coates AC, LLB Helen Brownlee AM, B.Ed Nominations Committee Resident of Sydney, NSW Resident of Sydney, NSW CHIEF EXECUTIVE OFFICER Member since 2017 Hurley AC DSC (Retd) Member, AOC Finance Commission Member since 1981 Member since 1991 Chef de Mission, 2018 Australian Youth Governor-General of the Matt Carroll AM, BBuild Director, AOF Limited Vice-President International Olympic Member, AOC Culture, Remuneration Olympic Team Commonwealth of Australia GradDipSportM Member, AOF Investment Advisory Committee (IOC) (from July 2020), and Nominations Committee Deputy Chef de Mission, 2020 Australian Resident of Sydney, NSW Committee PATRON Member since 2001 Director, AOF Limited Olympic Team Member since 2017 President, Volleyball Australia Chair, IOC: President, NSW Olympic Council Director, AOF Limited The Hon. Scott Morrison MP CEO, Australian Olympic Committee Director, Oceania Zonal Volleyball Prime Minister of Australia • Tokyo 2020 Coordination Commission; Member, IOC Commission for Olympic Member, AOC Audit and Risk Committee Director, AOF Limited Association • Legal Affairs Commission; and Education Member, AOF Audit and Risk Committee Director, Olympic Winter Institute of Director, Asian Volleyball Confederation • Olympic Games Delivery Executive Deputy Chair, Penrith Whitewater Member, AOC Culture, Remuneration Australia Ltd (AVC) Steering Committee Stadium and Nominations Committee Independent Non-Executive Director, Chair, Asian Beach Volleyball Committee IOC Delegate for Broadcast Rights Member, Australian Centre for Olympic Member, Women in Fencing Council, Australian College of Physical Education (AVC) negotiations in Oceania Studies Advisory Committee Federation Internationale d’Escrime Limited Member, FIVB Beach Volleyball President, International Council of Inducted General Member, Australian Member, UNSW Sports Advisory Council Commission Steven Hooker OAM OLY Arbitration for Sport (ICAS) and Court of Sporting Hall of Fame (voluntary) Director, Scape Australia Management Olympian (Athletics) Arbitration for Sport (CAS) Member, ONOC Executive Board Pty Ltd and affiliates 2004, 2008 (1 gold medal) and 2012 Member, AOC Finance Commission Member, ONOC Education Commission OTHER MEMBERS Director, Telopea Capital Partners Pty Ltd Olympic Games Chair, Australian Olympic Foundation Chair, ONOC Equity Commission Matt Allen AM, BBus Director, Atira Student Living Pty Ltd Resident of Melbourne, VIC Limited (AOF) Member, ANOC Executive Board Resident of Sydney, NSW Director, Urbanest Australia Pty Ltd and Member since 2016 Member, AOF Investment Advisory Member since 2017 affiliates Director, AOF Limited Committee Ian Chesterman AM, BCom Director, AOF Limited Director, Student Accommodation Chair, AOC Athletes’ Commission Deputy Chair, Brisbane 2032 Olympic Resident of Launceston, TAS Chair, AOC Finance Commission Association Inc Candidature Leadership Group Member since 2001 Michael Murphy BCom LLB Member, AOF Investment Advisory Director, International Education Member, Oceania National Olympic Chef de Mission, 2018 Australian (Hons) MBA Committee Association of Australia Committees (ONOC) Executive Olympic Winter Team Director, Halcycon Pty Ltd Olympian (Diving) Director, Oceania Foundation Chef de Mission, 2020 Australian Director, Kalart Pty Ltd Kitty Chiller AM OLY 1992 and 1996 Olympic Games Member, Board of Governors, Olympic Team Director, Romeomike Enterprises Pty Ltd Olympian (Modern Pentathlon) Resident of Sydney, NSW International Masters Games Association Chair, AOC Audit and Risk Committee Vice Chair, Oceanic and Offshore 2000 Olympic Games Member since 2017 Member, 2027 Rugby World Cup Rugby Chair, AOF Audit and Risk Committee Committee for World Resident of Melbourne, VIC Director, AOF Limited Australia Bid Advisory Board Member, AOC Finance Commission Member, Equestrian Australia Board Member since 2013 Member, AOC Audit and Risk Committee Chair, William Inglis & Son Ltd Director, AOF Limited Nominations Committee Director, AOF Limited Member, AOF Audit and Risk Committee Member, European Australian Business Director, Olympic Winter Institute of Trustee, John Harrison Olympic President, Modern Pentathlon Australia Member, AOC Culture, Remuneration Council Australia Foundation President, Modern Pentathlon Oceania and Nominations Committee Chair, Olympic Winter Institute of Trustee, CYCA Sydney Safety of Executive Board Member, Union Chair, Australia Audit Committee Life at Seas Trusts Internationale de Pentathlon Moderne Director, Camp Australia Chair, 2022 Beijing Team Executive Director, Offshore Doubles Association (UIPM) Director, Only About Children Director, Sportcom Pty Limited CEO, Director, Retail Zoo President, Oceania Gymastics Union Director, Virgin Australia (from November 2020) 21 22 ATHLETES’ COMMISSION MEDICAL COMMISSION AUDITORS NATIONAL FEDERATIONS & & LAWYERS RECOGNISED ORGANISATIONS

CHAIR OLY CHAIR AUDITORS Membership of the AOC includes Gymnastics Steven Hooker OAM OLY Canoe/Kayak Dr Peter Fricker OAM, MBBS Ernst & Young the National Federations, which are Gymnastics Australia Ltd 2012 London (1 silver) Australian organisations affiliated to Athletics HonDUniv (Canberra), FACSEP, Handball 2016 Rio (1 bronze) an International Federation governing 2004 FRACP (Hon), FFSEM (UK) (Hon), LAWYERS Australian Handball Federation Ltd 2008 Beijing (1 gold) GAICD a sport included in the sports Scott Kneller OLY Allens Linklaters 2012 London program of the next Olympic Games Hockey Freestyle Skiing, Ski Cross Kennedys Law MEMBERS or the next Olympic Winter Games. Ltd 2010 Vancouver Minter Ellison DEPUTY CHAIR 2014 Sochi Dr Peter Braun MMBS, FACSEP Speed and Stracey Lawyers Only one National Federation Judo Kimberley Brennan AM OLY, BA Sports Physician for each sport will be admitted to Judo Federation of Australia Ltd LLB (HONS) GDLP Lydia Lassila OAM OLY membership. Karate Rowing Freestyle Skiing, Aerials Dr David Hughes B.Med, Dip Sports LIFE MEMBERS The following National Federations Australian Karate Federation Inc 2008 Beijing 2002 Medicine, FACSEP are members of the AOC: 2012 London (1 silver, 1 bronze) 2006 Torino The Executive of the AOC may Modern Pentathlon 2016 Rio (1 gold) 2010 Vancouver (1 gold) Dr Anik Shawdon MMBS, FACSEP, confer Life Membership upon Modern Pentathlon Australia SUMMER NATIONAL FEDERATIONS 2014 Sochi (1 bronze) Dip Sports Medicine (Lond) any person who has rendered Rowing MEMBERS 2018 PyeongChang outstanding service to the Olympic Aquatics Ltd Movement and Sport. Australia Ltd Alana Boyd OLY Miranda Menaspà BPhysio, MSports James Tomkins OAM OLY Athletics Physio, FACP Archery Rowing HONORARY LIFE PRESIDENT 2008 Beijing Inc Rugby Australia Ltd 1988 Sydney B Grange AO OBE MBE 2012 London 1992 (1 gold) (deceased) Athletics Sailing 2016 Rio 1996 (1 gold) Athletics Australia Ltd Ltd 2000 Sydney (1 bronze) LIFE MEMBERS OAM OLY Shooting 2004 Athens (1 gold) James S W Eve MBE (deceased) Swimming Ltd Australian International Shooting 2008 Beijing (2 bronze) 2008 Beijing Sir Harold Alderson MBE (deceased) Limited 2012 London (1 gold) Sir Edgar Tanner CBE (deceased) Baseball - Softball Kenneth Wallace OAM OLY Skateboarding 2016 Rio (1 gold, 1 silver) William Uren CBE (deceased) Australian Baseball Federation Inc Canoe/Kayak Hugh R Weir CBE OBE (deceased) Ltd Inc OAM OLY 2008 Beijing (1 gold, 1 bronze) Herbert K Maxell (deceased) Basketball Sport Climbing Hockey 2012 London William J Young AM MBE (deceased) Basketball Australia Ltd Ltd 2004 Athens (1 gold) 2016 Rio (1 bronze) R Horton Wallman OBE (deceased) 2008 Beijing (1 bronze) Jack F Howson OBE JP (deceased) Boxing Surfing Shelley Watts OLY 2012 London (1 bronze) Lewis Luxton CBE OBE (deceased) Ltd Surfing Australia Ltd Boxing 2016 Rio Julius L Patching AO OBE (deceased) 2016 Rio Canoeing Table Thomas Blue AM BEM (deceased) Ltd Table Ltd Eric G Mcrae MBE (deceased) Arthur Tunstall OBE JP (deceased) Cycling Taekwondo Geoffrey J Henke AO AusCycling Ltd Australian Taekwondo Ltd Phillip W Coles AM (formerly Ltd) Tennis R Kevan Gosper AO Equestrian Tennis Australia Ltd John D Coates AC Equestrian Australia Ltd John T Devitt AM Triathlon Sir Donald Trescowthick AC KBE Fencing Ltd Peter G Montgomery AM OLY Australian Fencing Federation Ltd Volleyball Michael V Wenden AM MBE OLY Football Volleyball Australia Ltd Helen Brownlee AM Football Federation Australia Ltd Ronald G Harvey CVO AM Weightlifting J Douglas Donoghue AM Australian Weightlifting Federation Ltd Ian Chesterman AM Ltd Wrestling Inc

23 24 Torch bearer Cathy Freeman stands beneath the during the Sydney 2000 Olympic Games Opening Ceremony

WINTER NATIONAL FEDERATIONS PAST OFFICE BEARERS IOC MEMBERS Biathlon 1894 – 1905 Australian Biathlon Association Inc AOC Presidents, Secretaries General, Leonard A Cuff iv CEO’s i ii & IOC Members in Australia Bobsleigh and Skeleton 1905 – 1932 Bobsleigh Skeleton Australia Ltd CHAIR / PRESIDENT Richard Coombes (formerly Sliding Sports Australia Ltd) 1920 – 1944 1924 – 1944 Curling James Taylor CBE iii James Taylor CBE Australian Curling Federation 1944 – 1973 1933 – 1951 Sir Harold Alderson MBE Sir Harold Luxton Ltd 1973 – 1977 1946 – 1975 Luge Sir Edgar Tanner CBE Hugh R Weir CBE OBE Luge Australia Inc 1977 – 1985 1951 – 1974 Skating (Ice Racing / Ice Skating) Sydney B Grange AO OBE MVO Lewis Luxton CBE OBE Australian Ice Racing Inc 1985 – 1990 1974 – 1981 Ski & Snowboard R Kevan Gosper AO David H McKenzie AM Snow Australia Ltd 1990 – Present 1977 – 2013 Membership of the AOC also included John D Coates AC R Kevan Gosper AO Recognised Federations, which are Australian organisations affiliated to HONORARY SECRETARY / 1982 – 2011 an International Federation governing SECRETARY GENERAL / CEO Phillip Coles AM a sport not included in the sports 1920 2000 – 2005 program of the next Olympic Games George Shand (Acting) Susan O’Neill AM OLY or the next Olympic Winter Games but admitted to membership in accordance 1921 – 1924 2001 – Present with the Constitution of the AOC by Oswald G H Merrett John D Coates AC special majority at an Annual General 1924 – 1947 2013 – Present Meeting of the AOC. James S Eve MBE James Tomkins OAM OLY Only one Recognised Organisation will 1947 – 1973 be admitted for each sport. Sir Edgar Tanner CBE IOC EXECUTIVE BOARD The following Recognised Organisation 1973 – 1985 R Kevan Gosper AO are members of the AOC: Executive Board Julius L Patching AO OBE 1986 – 1990, 1995 – 1999 RECOGNISED ORGANISATIONS 1985 – 1993 Vice President Air Sport Phillip Coles AM 1990 – 1994, 1999 – 2003 Air Sport Australia Confederation Inc 1993 – 1995 John D Coates AC Bocce Perry Crosswhite AM Bocce Australia Inc Executive Board 1995 – 2001 2009 – 2013 Dancesport Craig McLatchey OAM Vice President DanceSport Australia Ltd 2013 – 2017, 2020 - Present 2001 – 2004 Netball Ltd Robert Elphinston OAM NOTES i The list of office bearers includes the Orienteering 2005 – 2014 Chair/President and Honorary Secretary/ Inc Craig Phillips Secretary General of the Australian Olympic Committee’s predecessor Squash 2014 – 2016 organisations, the Australian Federated Squash Australia Ltd Fiona de Jong Olympic Council (1920) and the Australian Olympic Federation Surf Life Saving 2017 – Present (1921-1989). Surf Life Saving Australia Ltd L Matthew Carroll AM ii The role of Secretary General was renamed Chief Executive Officer (CEO) Tenpin Bowling in the changes to the Constitution Tenpin Bowling Australia Ltd adopted at the AGM on 9 May 2015. iii James Taylor passed away in 1944 and Underwater Sir Harold Alderson served as Acting Australian Underwater Federation Inc Chair until 1947. iv Leonard Cuff, originally from New Waterski and Wakeboard Zealand, represented the interests of Australian Waterski and Wakeboard Australasia from 1894 until 1905. Federation Ltd 25 The face of the Sydney Games sent a video message, Current and aspiring Olympians also shared their including these words played to the COVID-safe crowd recollections of how the Sydney Games shaped their including media and of course, Sydney 2000 volunteers. ambitions to become Olympians. “I am very proud of the fact that when I lit the cauldron The AOC’s digital campaign was also supported by all those years ago it was a symbol of hope for all young numerous groups and institutions including Sydney Australians. It is at times like this that I simply reflect and Olympic Park Authority, state institutes and academies of I wonder at the power of sport and the difference that sports, local councils, the Australian Sports Museum, the sport can make in our lives.” Sport Australia Hall of Fame and other National Olympic Committees with Team GB, Team NZ and Team Canada The Australian Olympic Team flagbearer and men’s participating. basketball team Captain Andrew Gaze was also unable to attend due to COVID restrictions, but like so many athletes from Sydney 2000, he recorded numerous media interviews across Australia as the country’s news media I AM VERY PROUD OF THE embraced the celebration. FACT THAT WHEN I LIT THE Coinciding with the live media event at the cauldron, CAULDRON ALL THOSE the AOC hosted a celebration breakfast function nearby YEARS AGO IT WAS A SYMBOL where Sydney 2000 Olympians and Paralympians were SYDNEY 2000 joined by Olympians from earlier Games including OF HOPE FOR ALL YOUNG Peter Montgomery and Phil Coles, as well former NSW AUSTRALIANS. IT IS AT TIMES ANNIVERSARY Premiers Bob Carr and Nick Greiner, Sydney 2000 Olympics Minister Michael Knight, Sydney Games LIKE THIS THAT I SIMPLY Coordination Authority head David Richmond, Olympic REFLECT AND I WONDER AT With the Tokyo 2020 Olympic Games The 20th Anniversary festivities were shaped by the Village Mayor Graham Richardson, Paralympics Australia COVID restrictions, nevertheless a live re-enactment Executive Member Helen Nott as well as Sydney bid THE POWER OF SPORT AND postponed until 2021, Australians of the lighting of the cauldron at Sydney Olympic Park Committee members Rod McGeoch, Bruce Baird and THE DIFFERENCE THAT SPORT on Tuesday September 15th sparked two weeks of Simon Balderstone. embraced the opportunity to fond recollections of the Games – the performances of CAN MAKE IN OUR LIVES. Given the COVID times, the majority of the Games’ " Australia’s athletes, the sense of community joy and the celebrate and reminisce the success recollection took place in the digital space including the Channel Seven also ran two specials – on the Opening achievement of a great Games to showcase Australian AOC’s #MySydney2000 campaign, which encouraged Ceremony and the great Games moments. capability. of the “best Games ever” – the Australians to post their memories of Sydney 2000 on National Film and Sound Archive (NFSA) and the Olympic social media. Sydney 2000 Olympic Games. The Opening Ceremony anniversary took the form of Foundation for Culture and Heritage (OFCH) launched an event at Sydney Olympic Park, hosted by Channel The hashtag, used by thousands of Australian and their ground-breaking synthetic DNA technology by Seven’s Mark Beretta, carried live to Australia on Seven’s international fans, Olympians and celebrities including Kylie preserving Catherine Freeman’s 400 metre win from the Sunrise program. Minogue, was promoted by Channel Seven, Sydney buses Sydney 2000 Olympic Games. and trains and featured on JCDecaux street furniture, AOC President John Coates, Paralympics Australia CEO The use of synthetic DNA offers an extraordinary reaching a record-breaking 72 million impressions. Lynne Anderson, Sydney Olympic Games champion Ian opportunity to capture and preserve Australia’s sporting Thorpe, Paralympic Games champion Louise Sauvage Every day of competition in the Games was remembered history with Catherine’s race the first piece of vision and acting NSW Minister for Sport Geoff Lee performed on AOC digital properties, along with feature articles stored in this way. the formalities. Louise lit the cauldron at the Sydney on the key moments and personalities, Games facts Paralympic Games. The race was projected onto the sails of the Sydney and figures, an AOC podcast containing interviews Opera House, marking 20 years since that magical with Olympians, video specials in conjunction with With Catherine Freeman unable to fly from Melbourne, moment in Australian sport. two young athletes re-enacted the duties – Indigenous Channel Seven and the IOC’s Olympic Channel, content basketballer Tenayah Logan and Rio Paralympian Tamsin arrangements with AOC Partners, a toolkit of branded Olympians and National Federations held their own Colley. materials for National Federations to use across their events coinciding with achievements in their sports digital channels and special deals for Sydney 2000 during the Sydney Games. The young pair held aloft their Olympic and Paralympic Olympians to help them celebrate – including free access With Tokyo postponed for a year, the Sydney 2000 torches and 20 years on from Catherine Freeman’s to Getty Images for their social media feeds. iconic moment, the Olympic cauldron once more burst Olympics 20th anniversary was a warm and joyful into flames in Catherine Freeman Park. reminder to all Australians of the power of the Olympic Games to bring people together in celebration.

27 28 Flack’s victories in the 800m and 1500m on the track in first Games in the Southern Hemisphere – Melbourne in Athens marked the start of Australia’s unbeaten representation 1956, and setting a new benchmark for excellence with the at the Olympic Games. Along with Greece, Australia is one “best Games ever” in Sydney 2000. of only two countries to have sent athletes to every Summer The AOC’s financial independence was guaranteed in 2000 Olympic Games. with the injection of $88.4 million dollars into the Australian Following Flack’s appearance in Athens, two Australians Olympic Foundation from hosting the Sydney Games. represented at the 1900 Paris Games and another pair of Allocations from the AOF, our generous sponsors and Australians also competed in the 1904 St Louis Games. fundraising ensure the AOC can undertake its mission free from party politics. Much larger teams represented “Australasia” in London in 1908 and Stockholm in 1912, the latter featuring our first The AOC reasserted its independence in 2020, resisting female Olympians, Fanny Durck and Mina Wylie – Durack efforts to include the Committee in a Federal Government winning gold in the women’s 100 metre freestyle and Wylie Foreign Relations Bill. Such a move if successful, would the silver. have put the AOC in breach of the IOC Charter. Both the Federal Government and Federal Opposition opposed the With the Olympic movement gaining momentum, Olympic independent-led amendment, each acknowledging the AOC’s councils were established in NSW, Victoria, Queensland, independence and the IOC Charter. Tasmania, South Australia and New Zealand. The Olympic Federation of Australia and New Zealand (OFANZ) was This independence had previously been vigorously formed in 1914 to comply with IOC regulations and allow an demonstrated with Australia sending a Team to the Australasian team to compete at the 1916 Olympics planned Moscow Games in 1980 in spite of the determination of for . the Federal Government for a Games’ boycott, in line with US Government policy due to the war in However, New Zealand, which had been agitating since 1911 Afghanistan. to have its Olympic independence, walked out of the meeting and no OFANZ President was elected. then Our Centenary year also advanced the prospect of Australia broke out and although the OFANZ was formed, it had no real hosting a third Olympic Games with Brisbane’s candidature for existence. the 2032 Summer Games receiving ongoing support from all 100 YEARS levels of government in Australia. There wasan important milestone in winter sport with the OF THE AOC THE AOC ENTERS ITS construction of a year-round aerial skiing training facility in SECOND CENTURY STRIVING Brisbane, the Geoff Henke Olympic Winter Training Centre, marking the enormous advance Australia’s winter sport has TO BE A VERY DIFFERENT experienced since an Australian Team debuted in the 1936 The Australian Olympic Committee celebrated its Centenary Winter Games in Garmisch-Partenkirchen, Germany. The Australian Olympic in 2020 – like most celebrations in this unusual year – the ORGANISATION COMPARED Committee celebrated its milestone was marked with much of Australia in lockdown or WITH THE FLEDGLING From that modest beginning, Australia picked up its first winter some form of restriction due to the pandemic. medal, a bronze in Lillehammer 1994 and ultimately our first Centenary in 2020 – like most COMMITTEE OF 1920. gold in Salt Lake 2002, the Stephen Bradbury gold in speed Consequently a planned dinner and other celebrations were skating. celebrations in this unusual year replaced by alternative forms of acknowledgement. After the war ended in November 1918, Australian IOC Member Richard Coombes successfully argued to the IOC in Australia has a proud history of participation in the Olympic – the milestone was marked with A concise remembrance of the 100 years was commissioned the following year that Australasia should be split into Australia Games – 3,988 Australian Olympians have represented. much of Australia in lockdown or with sports journalist and publicist Greg Campbell asssited by and New Zealand as Olympic nations. More recently, the AOC has extended its brief to play a more AOC Historian Bruce Coe, documenting the key events on and active role in the community through innovative schools On April 29, 1920, the federated Australian Olympic Council some form of restriction due to off the field of play as well as the people and critical moments programs, seeking Indigenous advancement and reconcilation that defined the AOC’s first one hundred years. was formed and James “Pa” Taylor was elected President. the pandemic. through sport, promoting diversity and inclusion in sport and The historical account was placed on the AOC website and This is the date celebrated as the AOC’s Centenary date but embracing sustainability in its day to day operations, measuring formed the basis of media coverage of this important mark. due to the pandemic, plans for an official Centenary Dinner progress, advocating and educating with member sports on were set aside. sustainability issues. The AOC also published features online, highlighting the trailblazing women who made Olympic history as well as The original Australian Olympic Council was to undergo In addition to sending Teams to Summer and Winter Olympic Australian Olympians whose influence on Australian life further iterations. In August 1923, the Australian Olympic Games, the AOC now sends Teams to Summer and Winter extended well beyond their feats on in competition. Council changed its name to the Australian Olympic Youth Olympic Games as well as regional Games, such as the Federation (AOF) – an identity it was to hold until June Pacific Games and Asian Games on behalf of its 45 member Of course, Australia’s Olympic history dates back much 19, 1990 when it was re-named the Australian Olympic sports. further than 1920 with Edwin Flack, an Australian studying Committee. accountancy in London, competing in the first modern The AOC enters its second century striving to be a very Olympic Games in Athens in 1896. Prior to that, New In that year John Coates was elected President of the AOC different organisation compared with the fledgling Committee Zealand’s Leonard Cuff was elected to the IOC in 1894 to – the Centenary Year this year marking his 30 years as AOC of 1920, let alone the striving of a young accountant, studying represent the interests of Australasian sports in the newly President. in London who sought time off from his employer to attend formed body. the first modern Olympic Games in Athens in 1896. John Coates was also elected, for the second time, as Vice President of the International Olympic Committee. In essence, it started with Edwin Flack and fittingly one thing remains the same through this passage of time. It has always Australia’s examplary record in sending athletes to every been about the athlete. Games is complemented by the achievement of hosting the 29 30 100 YEAR TIMELINE 1905 Richard Coombes becomes 1896 Australia’s first IOC Member 1912 1914 Edwin Flack – Australia’s first and Mina Olympic Federation of Olympian and gold medallist Wylie – Australia’s first female Australia and New Zealand (Athens) Olympians, Durack first gold formed medallist (Stockholm)

1947 1923 Harry Alderson elected Australian Olympic Council Chairman, AOF – with time changes name to Australian 1936 1956 1976 1920 served as the Acting Chairman. Australian Olympic Council Kenneth Kennedy – Melbourne hosts Australia’s Australia fails to win a Olympic Federation (AOF) He served 29 years in the role formed – James Taylor first Australia’s first Winter first home Olympic Games gold medal in Montreal President Olympian (Garmisch- and first Games televised in – ultimately leads to the Partenkirchen) Australia formation of the Australian Institute of Sport

1990 AOF changes name 1980 to Australian Olympic 1994 1996 2000 2002 AOF defies Federal Committee (AOC) – John Australia’s first Winter Australian Olympic Sydney hosts Australia’s Steven Bradbury wins Government’s strong Coates elected President Games medal – bronze in Foundation (AOF) second home Olympic Australia’s first Winter gold pressure to boycott the short track speed skating established to raise funds Games – Australia biggest medal, then Moscow Olympic Games (Lillehammer) for Australian Teams Team of 632 wins 58 medals wins our first female Winter gold medal (Salt Lake City)

2010 2012 2015 2016 2020 Australia sends team to the Australia’s first Team to AOC recognises Australia’s Kitty Chiller becomes First Olympic Games (Tokyo) inaugural Youth Olympic the Winter Youth Olympic Indigenous heritage with a Australia’s first female Chef postponed; John Coates Games in Singapore Games in change to its Constitution de Mission (Rio de Janeiro) celebrates 30 years as President 31 32 OLYMPISM IN THE COMMUNITY

33 34 The Olympics Unleashed program, Optus contributed to Olympics Unleashed online by incorporating their ambassadors and amplifying media presented by Optus, enables athletes and milestone events. to visit schools to inspire and motivate For athletes, online involvement has created the students to be their personal best. The opportunity for continued training, renumeration and athletes speak to the students about the time efficiency. The ability to provide a shared experience importance of setting goals, overcoming has been most welcome by Olympians and athletes, many of whom were simultaneously dealing with challenges and building self-esteem. personal challenges due to the postponement of the Tokyo 2020 Olympic Games. The program is free and has been welcomed by Australia’s school communities. Throughout 2020, The lessons of 2020 have been embedded into Olympics Olympians and athletes managed to continue the Unleashed. The aim in 2021 is to return ‘face to face’ OLYMPISM program online, retaining great impact. school visits providing a more profound impact. However, IN THE COMMUNITY the online program will remain as an asset for ‘follow up’ Due to the COVID-19 restrictions and home schooling, and in certain instances, remote school visits. the AOC and program partners adapted to Olympics The AOC looks forward to an increased national roll 2020 presented significant challenges Unleashed online and re-trained athlete presenters to successfully provide an online model. The new model out in 2021 starting in Western Australia, alongside for all Australian communities. was welcomed by teachers keen to provide students Queensland, , the Australian Capital Territory and South Australia. As we adapted to the evolving with motivation and guidance to meet their personal As we adapted to new ways of challenges. The AOC would like to thank the dedicated network COVID-19 environment, many of the program’s stakeholders Optus, the Queensland delivering the program, athletes have The AOC continued to review teachers' expectations communities were already struggling from athletes for students with the messages of Government, the QAS, New South Wales Government with the effects of the drought and remained at the forefront. Olympians, resilience and grit, being welcomed more than ever. and NSWIS, the ACT Government and ACTAS, the South athletes and the AOC together thank Australian Government and SASI, combined they make bushfires. With Olympics Unleashed being an established program, Olympics Unleashed a reality for Australian students. our member sports, Team partners, athletes were invited by program partners and the The response by athletes to government partners, broader Education Departments in the respective states, to participate in other initiatives to support students. support Australians was selfless stakeholder groups and media for the and heartening. The engagement ongoing support of our programs and with communities, particularly campaigns throughout the year to within schools and sports, has been assist Australian communities. overwhelming. As we approach the Olympic years The AOC’s commitment to promote of 2021 and 2022, the AOC Olympic values remains resolute. In continues to be aligned with the IOC recent history, there has not been in promoting Olympic values and a more important time to share active participation in sport for the messages of determination. many health benefits throughout the communities.

35 36 JULY SEPTEMBER NOVEMBER OLYMPICS UNLEASHED NSW celebrated the 300th Poppy Starr Olsen visited her A total of 150,000 students have MILESTONES visit with Jaime Roberts online primary school, Bronte Public participated to date presenting to Dubbo’s School of School presenting the Unleashed Olympian OAM (swimmer) Distance Education program as an Optus Ambassador presented online to four NSW schools QLD celebrated the 550th visit that were all affected by bushfires with Brad Hore online presenting Olympics Unleashed featured in the to Kowanyama State School. “United Through Sport Virtual Youth MAY Summit” supported by the International OCTOBER Olympic Committee, International Commencement of Online FEBRUARY SA celebrates their 50th visit with Paralympic Committee and United Olympics Unleashed Olympics Unleashed visit to Albany, Sophie Edwards presenting online at Nations with Alyce Wood and Jordan visits. Athletes continue to WA with Olympian Rechelle Tenison Woods College (Limestone Wood (sprint kayak) participating inspire students via a virtual Hawkes OAM (hockey) Coast) platform QLD celebrates their 600th visit by AUGUST David McKeon presenting online at the The AOC thanks our program MARCH New Farm State School stakeholders: Optus, Olympics Unleashed marks Olympics Unleashed is hosted by PLC Queensland Government and the 1,000th visit milestone with Olympics Unleashed Optus Armidale, NSW with Olympians Ian the QAS, NSW Government and Olympian Jake Whetton (hockey) Ambassadors’ and Ellie Thorpe AM (swimming), NSWIS, ACT Government and visiting the tiny Queensland Cole visited their old High Schools as OAM (swimming) and Holly Lincoln-Smith ACTAS, SA Government and SASI. town of Comet, Queensland part of Olympics Unleashed. Ellie Cole () supported by the community. with population 498 visited Frankston High School and Ellia Supported by Optus with screening of Green visited Star of the Sea College ‘Cool Running’s and Meat & Livestock (Brighton), Victoria Australia hosting a BBQ for over 600 guests

OLYMPICS UNLEASHED FROM THE ‘Jamie’s presentation to our students NATIONAL REACH TEACHERS was amazing – she encouraged our students to dream big and to set goals at school and in life; not limits. Her “We were fortunate to be involved message about never giving up, even in the Olympics Unleashed program when you face barriers was excellent.’ with Jess Stenson as our Olympic ‘Jamie has inspired our students to 1,111 151,723 presenter. Jess was fantastic, very overcome their own hurdles and to QLD COMPLETED STUDENTS VISITED engaging and personable. Both VISITS “be the best, but to enjoy it the most”. students and teachers enjoyed the presentation and thought that the HEAD TEACHER PDHPE, DUBBO SA messages portrayed were very SCHOOL OF DISTANCE EDUCATION NSW JUNE 2020 1,417 229 valuable. The messages ACT SCHOOL ATHLETES REGISTRATIONS TRAINED and examples that were shared by Jess and her ability to then relate these to everyday and school life, made it relevant for the Thank you, again, I am so grateful students.” for programs such as this, living in a COMPLETED STUDENTS COMPLETED STUDENTS remote area it is always a challenge COMPLETED STUDENTS COMPLETED STUDENTS VISITS VISITED VISITS VISITED ADAM CURRAN, STIRLING VISITS VISITED VISITS VISITED EAST PRIMARY SCHOOL, to give students opportunities 616 92,226 378 42,330 61 10,554 56 6,613 HILLS – JESSICA outside the classroom.” STENSON (ATHLETICS), ATHLETES SCHOOL ATHLETES SCHOOL ATHLETES SCHOOL ATHLETES SCHOOL KAROLYN MCKEON, CANNONVALE STATE TRAINED REGISTRATIONS TRAINED REGISTRATIONS TRAINED REGISTRATIONS TRAINED REGISTRATIONS ONLINE VISIT JULY 2020 SCHOOL, WHITSUNDAY ISLANDS TAYLOR 111 777 68 451 15 79 35 110 MCKEOWN (SWIMMING), ONLINE VISIT JULY 2020 37 38 The IOC aims to build a better world The virtual summit was hosted by Brooke Hanson OAM, Swimming (Athens 2004) including the following Olympians through sport. The Olympic movement and led by Olympians, including: encourages humanity to ‘be the change’. STEVE SOLOMON Olympians demonstrate this philosophy, ATHLETICS (LONDON 2012) and their example is for all to embrace. MELISSA WU The Australian Olympic Change-Maker program recognises DIVING (BEIJING 2008, LONDON 2012, RIO 2016) and rewards outstanding Australian students demonstrating the Olympic spirit through leadership and driving positive RUGBY 7’S (RIO 2016,) change in their communities. In its second year, the program adapted significantly from physical attendance at KYLE VANDER-KUYP schools in 2019 to being entirely online (virtual) in 2020. ATHLETICS (ATLANTA 1996, SYDNEY 2000) ALL NATIONAL SUMMIT The program is open to all Australian secondary schools and BEKI SMITH 21 students representing Australia’s States & Territories attracted over 830 nominations from across the country. ATHLETICS (LONDON 2012) attended the National Summit hosted virtually by The breadth of change in local and online communities in 830 the Olympians. The premise was to both learn from 2020 has been extraordinary, considering all the challenged TALIQUA CLANCY STUDENTS AND THEIR SCHOOLS Olympians and provide insight from youth to shape our environment. VOLLEYBALL (RIO 2016) WERE INVITED TO ATTEND THE sporting future. The inaugural Australian Olympic Change-Maker Virtual CHANGE-MAKER STATE VIRTUAL Students explored key issues important to the 2020 Summit was held on 17 September 2020 and connected FORUM Change-Maker cohort: students and schools around Australia at major events. TOTAL STUDENT LEADERS - SUSTAINABILITY YEAR 10 YEAR 11 YEAR 12 - RURAL & REGIONAL LOCATIONS This platform also provides an amplified voice for - THE BENEFITS OF SPORT 127 194 509 Australia’s young leaders. This year the AOC undertook - GENDER EQUALITY AND DIVERSITY significant research among the Change-Makers to The National Australian Olympic Change-Maker Summit understand the important issues in youth and ways the was held virtually over three dates: BREAKDOWN OF NOMINATIONS PER STATE AOC can assist in making positive change through sport. 26 DECEMBER 2020 The AOC captures and assesses the community engagement through students' individual 60 second 30 NOVEMBER 2020 video submission. The AOC invited all students and their SA WA NT schools to attend the State virtual forum and from there ACT NSW QLD VIC TAS 26 NOVEMBER 2020 hold a national summit for 21 finalists. The AOC would like to thank The Royal Australian Mint YEAR 10 YEAR 10 YEAR 10 YEAR 10 YEAR 10 YEAR 10 YEAR 10 YEAR 10 23 37 13 13 3 5 30 3 who supported the National Summit and provided custom medallions for each participant. YEAR 11 YEAR 11 YEAR 11 YEAR 11 YEAR 11 YEAR 11 YEAR 11 YEAR 11 8 73 34 47 9 10 12 1 YEAR 12 YEAR 12 YEAR 12 YEAR 12 YEAR 12 YEAR 12 YEAR 12 YEAR 12 6 196 137 104 27 23 11 5

TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL TOTAL 37 306 184 164 39 38 53 9

10 105 75 55 16 16 21 3 27 201 109 109 23 22 32 6 39 40 2020 NATIONAL OLYMPIC OLYMPIC DAY CHANGE-MAKERS Olympic Day held annually on 23 June, is an annual global celebration of the Olympic spirit. The day provides AUSTRALIAN CAPITAL TERRITORY an apportunity to inspire youth to participate in sport EMMA ILIJOSKI LAKE GINNINDERRA COLLEGE and lead active and healthy lives. HABIBAT OGUNBANWO ST CLARE'S COLLEGE Olympic Day in 2020 by was celebrated promoting activity and goal setting during lockdown, an online NEW SOUTH WALES campaign was created to encourage all Australians to In 2020 the AOC initiated a new THE PROGRAM PROVIDED AN KAELAN BURKE LISAROW HIGH SCHOOL set their goals and achieve them. Celebrated online from the Optus studio, Channel 7’s Mark Beretta, joined OPPORTUNITY TO EXPLORE CARA MURRAY RIVERSIDE GIRLS HIGH SCHOOL program connecting our youth Olympians, Ian Thorpe (swimming) and Elia Green (rugby internationally, in the spirit of sport. INTERNATIONAL FRIENDSHIP, AND HARM SCHAAP ULLADULLA HIGH SCHOOL 7’s) to discuss the benefits of goal setting and staying LEARN THAT DESPITE OUR DIFFERENCES, active. The Australian Olympic Connect | Tomodachi 2020 JAPANESE AND AUSTRALIAN CHILDREN Pilot Program linked Australian and Japanese schools, Olympic Day was proudly supported by Olympians, our ACTUALLY HAVE A LOT IN COMMON; CLANCY MCCORMICK O'LOUGHLIN CATHOLIC providing an opportunity for students to connect and member sports and Team Partners, including JC Decaux COLLEGE share insights into each country’s customs, lifestyle A WONDERFUL WAY TO CREATE A REAL who promoted the #OlympicDayGoals campaign in ‘out and activities in the lead up to the Olympic Games. CONNECTION AND SEE STUDENTS JUMP of home screens’ QUEENSLAND Tomodachi, meaning friends in English, signifies the AT THE CHANCE TO LEARN NEW VOCAB SO RYAN DOLBEL CHINCHILLA CHRISTIAN COLLEGE foundation of the program is built on friendship and THEY COULD CONNECT AND COMMUNICATE relationship building between countries. AIDAN LUCHS QUEENSLAND ACADEMIES HEALTH WITH OUR NEW JAPANESE FRIENDS; AND SCIENCES CAMPUS Twenty Australian Schools and 20 Japanese Schools, A BRILLIANT CHANCE FOR THE STUDENTS ARIELLA TITMAN MORETON BAY COLLEGE with the students aged between 10-16 years were TO USE THEIR LANGUAGE AND DEVELOP invited to participate and were matched according to FRIENDSHIPS WITH JAPANESE STUDENTS. SOUTH AUSTRALIA their age/year level, existing sister city relationship TESS KITCHKE JAMESTOWN COMMUNITY and communication capability. Approximately 1500 GIVEN THE CURRENT DIFFICULTY SCHOOL students were engaged throughout the pilot program. TRAVELLING OVERSEAS DUE TO The pilot program culminated with a video conference LUKE BALD ALLENDALE EAST AREA SCHOOL COVID-19, THIS PROGRAM IS ESPECIALLY between schools in Alice Springs, NT and Osaka, GYPSY SCHRIMER WIRREANDA SECONDARY MEANINGFUL, BECAUSE IT PROVIDES Japan. Australian BMX athlete, and Tokyo hopeful, VALUABLE OPPORTUNITIES, INSPIRED BY SCHOOL Saya Sakakibara, spoke with the students, in Japanese THE OLYMPICS, FOR ONLINE EXCHANGE and in English while the Consul General of Japan TASMANIA in Sydney endorsed and celebrated the important BETWEEN SCHOOLS. FREYA DOWNIE, THE FRIENDS’ SCHOOL connection, between our youth. I FEEL THAT THERE IS FURTHER POTENTIAL ANGUS PURTELL, RIVERSIDE HIGH SCHOOL Following the success of the pilot program, plans FOR ONLINE EXCHANGE BETWEEN JAPAN are underway to launch the full program in 2021, AND AUSTRALIA, IN PARTICULAR, DUE TO VICTORIA significantly increasing the reach and impact in the THE SMALL TIME DIFFERENCE BETWEEN US. SOPHIE CARNE KOROWA ANGLICAN GIRLS' lead up to the Tokyo Olympic Games. SCHOOL I HOPE THAT THE STUDENTS WHO The AOC is grateful for the support received from PARTICIPATED IN TOMODACHI 2020 LILY VO NOSSAL HIGH SCHOOL the Australian and Japanese Governments, their WILL BE BRIDGES BETWEEN OUR TWO GABRIELLA FITZPATRICK respective Embassies and Consulates and the BALLARAT CLARENDON COLLEGE COUNTRIES IN THE FUTURE AND THAT THE respective language teaching associations in both SCHOOL-TO-SCHOOL EXCHANGE BORN GLENALLEN SCHOOL countries. MATTHEW LIM OF THIS WONDERFUL PROJECT WILL CONTINUE AND DEVELOP EVEN AFTER THE WESTERN AUSTRALIA OLYMPICS. CORY CROMBIE SOUTH WEST ACADEMY MATER DEI COLLEGE CG SYDNEY RHIANNON CLARKE CONSUL-GENERAL KIYA COURTNEY DEWING NARROGIN SENIOR HIGH SCHOOL

10,000 VIEWS REACHING 26,000 STUDENTS 41 42 As well as the AOC’s programs and ‘THE FORUM WAS A GROUND- campaigns, the AOC and Olympians BREAKING MOMENT FOR THE AOC COMMUNITY have supported numerous community INDIGENOUS AS THE EVENT EXEMPLIFIED WHY ENGAGEMENTS initiatives in 2020. STRATEGY THE AOC PLANS TO IMPLEMENT A RECONCILIATION ACTION PLAN (RAP), HOW WE INTEND TO The AOC is committed to reconciliation APPROACH IMPLEMENTATION OF A RAP, AND CELEBRATED OUR through sport, guided by the AOC ORGANISATION RECONCILIATION Constitution and Objective 6, ‘to recognise MILESTONES INCLUDING OUR RICH the heritage, culture and contribution INDIGENOUS OLYMPIAN HISTORY." of our nation’s first people, and to give practical support to the issue of PATRICK JOHNSON CHAIR, INDIGENOUS ADVISORY COMMITTEE Indigenous reconciliation through sport’.

The AOC Executive has established an Indigenous - Ongoing communications to promote the stories of Advisory Committee (IAC) to guide the AOC on Indigenous Olympians in media and AOC publications. reconciliation initiatives and advice on practical programs to give effect to Objective 6. - Improved governance with regular meetings of the IAC and adoption by the AOC Executive of the IAC’s Terms With the endorsement of the AOC Executive and the of Reference. backing of the IAC and Athletes’ Commission (AC), the inaugural ‘Reflect’ Reconciliation Action Plan has now - The cross representation between the respective RECOVERY THROUGH SPORT: STARLIGHT ROOM VISITS been drafted. The AOC community programs’ Olympics chairs of the IAC (Patrick Johnson) and the AC (Steve Hooker OAM). DROUGHT & BUSHFIRES Starlight room visits continue to be a highlight for Unleashed and Olympic Change-Maker continue to operate in Indigenous communities. The first athlete Throughout 2020 the AOC supported school Olympians and a regular AOC initiative. Through the - Appointment of Indigenous Olympian Kyle Vander- forum ‘Walk with Us’ was held in November 2020 communities affected by bushfires and drought through ‘Starlight Foundation TV program’ Olympians were able Kuyp (athletics) in the Olympian Services area of the to further promote reconciliation. The AOC was also online athlete visits. With the final live event being held to connect the children in hospital, virtually, on several Australian Olympic Team for Tokyo 2020. occasions during the year. The following Olympians were proud to release a video celebrating the 52 Australian in Armidale in March due to COVID-19, the focus shifted - Commissioning of Aboriginal and Torres Strait artwork involved in virtual visits - Dane Bird-Smith, Aly Bull, Alyce Indigenous Olympians. to online primarily through the Olympics Unleashed to integrate into AOC Teams, events and collateral. program, with the assistance of state government Wood, David Morris, Anabelle Smith, Jake Whetton, The AOC is progressing on several initiatives to integrate partners. , Keesja Gofers and Jess Stenson. Aboriginal and Torres Strait Islander culture within the - Meetings are held regularly to advocate for Indigenous Olympic movement to assist and improve with the health Australians to be better represented in Olympic sports. School visits were completed in drought effected schools and wellbeing of Indigenous communities, including: in New South Wales, Queensland and South Australia. - Identification of community partners to progress these CHAMPIONS TO COUNTRY - The drafting of the inaugural Reconciliation Action Plan initiatives. The national milestone of the Olympics Unleashed (RAP) for release in 2021. program reaching the 150,000th student, was proudly Olympians visited the Pilbara region as part of the While there is still a long way to go, we approach 2021 marked with a visit to the fire effected areas in Batemans ‘Champions 2 Country’ Regional Tour held 10 November - The formation of the AOC RAP Working Group to with a clear direction to progress all these initiatives and Bay, NSW by Olympian and Optus ambassador, Mack to 12 November 2020. (Swimming), Belinda develop, implement, and report on future RAP. more. Horton (swimming). Stowell (Sailing) and Zoe Arancini (Water Polo) visited the Pleasingly, the media coverage in September of the regional towns of Karratha and Port Hedland over three - Delivery of the first athlete forum ‘Walk with Us’. The $100,000 donated by the AOC to the Australian 20th Anniversary of Sydney 2000 Olympic Games days and were involved in - The integration of Aboriginal and Torres Strait Islander Red Cross in January 2020 was distributed to Australian focussed on race relations in Australia emanating 10 school visits and 6 sporting and community visits. customs and protocols in AOC events. affected by the bush fires. from Cathy Freeman’s victory in the 400m. The Tour is presented by the Australian Olympic The ‘Recovery Through Sport Fund’ was established Committee (WA) and Commonwealth Games Australia in early 2020 by the Australian Olympic Committee, (WA) and supported by the Department of Local Paralympics Australia, Commonwealth Games Australia Government, Sport and Cultural Industries (DLGSC). and the Australian Sports Foundation. The program aims provide inspiration to the regional The ASF provided the initial $180,000 in grants to youth on issues including healthy lifestyle, teamwork, support individuals and communities in need. leadership, respect, goal setting and participating in sport. ALLIANCE FOR SPORTS RECOVERY

43 44 OLYMPIAN SERVICES

William Lockwood, James Chapman, and Joshua Dunkley-Smith celebrate winning silver in the Men's Four Final of the London 2012 Olympic Games

45 46 OLYMPIAN SERVICES

Presented by

ourself #EmpowerY

Olympians are known for their resilience OLYMPIAN OPPORTUNITIES WELLBEING WEEK and dealing with adversity. Never has PROGRAM The second annual Wellbeing Week presented by Allianz that been more obvious than in 2020. The Olympian Opportunities Program has seen took place from 7 - 11 September 2020. Amy Jones Despite it being a year that has seen a Olympians engage in the program aimed at empowering (Water Polo, Beijing 2008) again joined the AOC to host them during and after their career. a variety of Olympians and industry experts in a series of lot of uncertainty, the AOC’s focus in lunch and learn sessions streamed live across the AOC’s With courses available to assist Olympians in determining social platforms. 2020 has been on wellbeing, engagement their career values and interests, the program was and providing support to Australia’s expanded to include Financial Literacy courses, courtesy Presented by Allianz and incorporating RUOK Day, Olympians. of the AOC’s partner Westpac. Included in these courses this year’s theme implored Australian Olympians to were topics ranging from superannuation, taxable ‘Empower Yourself’ as they engaged in the weeklong, income, credit scores and good spending habits; all lunch time event. valuable financial education for the athletes. The 2020 edition of Wellbeing Week saw a significant While COVID-19 impacted the work experience increase in engagement from the inaugural year of 2019 component of the Program, several Olympians took and included the following topics: advantage of the Mentoring Program with over 50 Olympians expressing interest participating. Empower your Passion Lisa Darmanin (Sailing)

Empower your Future (Athletics)

HIGHLIGHTS Presented by

f owerYoursel #Emp Empower your Friendships Holly Crawford & Belle Brockhoff (paying respect to Alex ‘Chumpy’ Pullin) DAY 1 DAY 2 DAY 3 DAY 4 DAY 5

Empower your Mental Health Cate Campbell (Swimming) & Owen Wright (Surfing) MOST POPULAR 159.5K 40.4K 41.2K 45.3K 92.8K REACH REACH REACH REACH REACH Empower your Identity Patty Mills (Basketball), Sam Stosur 28K 13K 9.2K 11K 26K (Tennis), Kyle VanDer-Kuyp (Athletics), VIEWS VIEWS VIEWS VIEWS VIEWS Youcef Abdi (Athletics) 3,423 3,736 3,032 2,057 2,603 ENGAGEMENT ENGAGEMENT ENGAGEMENT ENGAGEMENT ENGAGEMENT 396 142 150 117 151 YOUTUBE YOUTUBE YOUTUBE YOUTUBE YOUTUBE VIEWS VIEWS VIEWS VIEWS VIEWS

47 48 ATHLETES' COMMISSION REPORT

AUSTRALIAN OLYMPIANS MAGAZINE AOC ENGAGEMENT SERIES Britt Cox (Moguls), Matt Denny (Discus), Kristi Harrower Following the postponement of the Tokyo 2020 Olympic (Basketball) and Lydia Williams (Football) were all Games, the AOC LIVE Engagement series was created featured in the Australian Olympians Magazine, most to ensure all Tokyo aspirants consistently received the fitting for the 2019 theme of the Magazine - ‘Grassroots latest information disseminated from the IOC and Tokyo It’s fair to say that 2020 has been a tough to Greatness’. The theme focussed on the role regional Organising Committee. The sessions were hosted by the year for everyone, but particularly for those Australia has played in the development of some of Team's Chef de Mission, Ian Chesterman and the AOC’s, Australia’s Olympians. The Magazine also paid homage CEO Matt Carroll. preparing for the Tokyo Games. to the 1964 Tokyo Olympic Games and the Olympians Following the IOC's March 2020 decision to postpone who paved the way. While the debate continued as to whether the Games We also worked together finalising the Australian the Tokyo Olympic Games, the Engagement sessions would proceed, the Athletes’ Commission sought Olympians' Oath and in particular, a reference to were held online, monthly and were expanded to include feedback from Australia’s aspiring Olympians regarding respecting our First Nations Peoples. a relevant ‘wellbeing’ topic with all Olympians, National 1 their feelings of the Games being held in the face of AUSTRALIAN OLYMPIANS 2019 Finally, we finished the year with a joint recommendation Federations and students invited as a part of the Elite COVID-19. The feedback provided great guidance to the AUSTRALIAN to include Indigenous representation on the Athletes’ Athlete Friendly University program. Topics included: AOC Executive with approaching the issue. This was a OLYMPIANS Commission. 2019 great example of the athlete voice helping achieve the DIGITAL NUTRITION right outcome directly effecting athletes. MENTAL HEALTH Globally, the Commission were one of the first to BECOMING AN ONLINE ENTREPRENEUR seek feedback from a survey distributed to athletes IN 2020 WE ESTABLISHED ELITE MINDSET on the IOC's Rule 50 (Under Rule 50 demonstrations A STRONG WORKING NORMALISING THE ABNORMAL may not take place in Olympic venues). There was an overwhelming response that resulted in a series of RELATIONSHIP WITH REBOOTING SPORT IN A COVID-19 ENVIRONMENT recommendations to the IOC Athletes’ Commission for MENTORING IN SPORT & LIFE consideration along with the views of Olympians from THE AOC INDIGENOUS BECOMING FINANCIALLY FIT around the world. ADVISORY COMMITTEE. GETTING CREATIVE ABOUT FUNDRAISING In 2020 we established a strong working relationship with the AOC Indigenous Advisory Committee. This Thank you to all athletes who have provided great working partnership resulted in the first ever ‘Walk with feedback throughout the year. Us’ forum, aimed at educating Olympians on Aboriginal Also, a special thanks to the members for their and Torres Strait Islander history and how it ties into contribution to the Athletes’ Commission for the extra the Olympic movement. It was an incredible forum year through to September 2021. that has set a great foundation for more collaborative FROM GRASSROOTS opportunities in the future. Good luck to all of those preparing for Tokyo; the TO GREATNESS challenges will make the experience even more rewarding. WORLD OLYMPIANS ASSOCIATION STEVEN HOOKER OAM OLY The World Olympians Association’s (WOA) Annual Chair General Meeting was held online on 22 October 2020. AOC Athletes’ Commission At the AGM, gold medallist and five time Olympian, Natalie Cook OAM OLY was elected to the WOA Executive as the Oceania Continental Representative along with Carl Probert from Fiji.

49 50 1989 2009 2018 NORMAN MAY AM (deceased) MAX BECK AO JACQUELIN MAGNAY AWARDS & JOHN CONDE AO 1990 ROBERT GERARD AO PRESIDENT’S TROPHY ACKNOWLEDGMENTS MICHAEL WINNEKE (deceased) 2010 In 2018, AOC President John THE HON. GRAHAM RICHARDSON Coates AC initiated the President’s MICHAEL BUSHELL 1991 Trophy to recognise long-serving RECIPIENTS OF NORMAN MAY AM (deceased) RECIPIENTS OF DAVID CLARKE AO (deceased) leaders of International Federations JOHN FITZGERALD AM (deceased) ORDER OF MERIT JOHN STANLEY (deceased) DR JOHN HEWSON AM or other organisations within the DAVID ZUKER OAM JOHN MCINTOSH Olympic Movement. Recipients must SHIRLEY DE LA HUNTY The Olympic Order is the highest The AOC may confer the Order have served a minimum ten years. (STRICKLAND) AO MBE (deceased) honorary award given by the of Merit to a person who, in the 1994 2012 International Olympic Committee DI HENRY OAM opinion of the Executive has THE HON. JOHN FAHEY AC DR PETER FRICKER OAM 2018 (IOC). HARRY GORDON CMG AM achieved remarkable merit in the THE HON. BRUCE BAIRD AM 2013 OLEGARIO VÁZQUEZ RAÑA – It is awarded to “any person (deceased) sporting world, either through THE HON. FRANK SARTOR AO President, International Shooting Sport who has illustrated the Olympic CATHERINE FREEMAN OAM their personal achievement or their RODERICK MCGEOCH AO H.E SHEIKH AHMAD AL-FAHAD Federation (1980 - 2018) ideal through their action, has contribution to the development of ROBERT ELPHINSTON OAM AL-SABAH PETER MONTGOMERY AM MARISOL CASADO – President of achieved remarkable merit in the sport. JOHN CALVERT-JONES AM THE HON JOHN HOWARD OM AC World Triathlon [formerly International sporting world or has rendered 1996 GARY FENTON (Gold) Triathlon Union] (since 2008) outstanding services to the Olympic 1978 DR JEAN ROBERTS PETER FOX AM Movement, either through their MARJORIE NELSON (JACKSON) AC AC MBE GARY PEMBERTON AC ALAN GROVER (deceased) 2019 own achievement or their own CVO MBE OLY (deceased) DAVID PRINCE OAM DR THOMAS BACH OLY – President contribution to the development of KERRY STOKES AC HERB ELLIOTT AC MBE 1997 GERRY RYAN OAM of the International Olympic sport.” PHILLIP COLES AM AM WILF BARKER (deceased) AC MBE OLY 2014 Committee (since 2013), former The following Australians have been KEVAN GOSPER AO DENNIS GREEN OAM BEM (deceased) 1999 GINA RINEHART President of the German Olympic awarded the Olympic Order: HELEN BROWNLEE AM MARJORIE NELSON (JACKSON) AC Sports Confederation, Member of HARRY GORDON CMG AM (deceased) inaugural IOC Athletes’ Commission JOHN BROWN AO CVO MBE OLY AO 2015 DAWN FRASER AC MBE OLY OLYMPIC DIPLOMA 2001 DR. JULIO CÉSAR MAGLIONE – SIR WILLIAM NORTHAM CBE DR THOMAS BACH OLY President, International Swimming SYDNEY B GRANGE AO OBE MVO OF MERIT DR BRIAN SANDO OAM (deceased) (deceased) Federation (since 2009) The Olympic Diploma of Merit was ROBERT THORNTON (deceased) OBE (deceased) 2016 awarded by the IOC to individuals THE HON. MICHAEL KNIGHT AO WILLIAM BERGE PHILLIPS OBE TOM WIGLEY (deceased) GIAN-FRANCO KASPER – SANDY HOLLWAY AO TONY COLE AO (deceased) with a general reputation for merit President, International Ski Federation MICHAEL EYERS AM and integrity, and who had been 1980 2017 (since 1998) JULIUS L PATCHING AO OBE active and efficient in the service JIM SLOMAN OAM (deceased) DR GEORGE SAUNDERS MBE of amateur sport and contributed MAURICE HOLLAND DR ROBIN MITCHELL OF JOSÉ PERURENA – President, (deceased) BETTY CUTHBERT AC MBE substantially to the development DI HENRY OAM International Canoe Federation DORIS MAGEE AM MBE (deceased) (deceased) of the Olympic Movement. It was DAVID RICHMOND AO 2018 (since 2008) HERB ELLIOTT AC MBE awarded prior to 1975 and the 1981 BOB LEECE AO (deceased) PAUL BATCHELOR DR. KLAUS SCHORMANN – MICK O’BRIEN AM ANGUS DOUGLAS AM MBE inception of the Olympic Order. President, International Union of SHIRLEY DE LA HUNTY PETER RYAN QPM GEOFF LIPSHUT The Olympic Diploma of Merit was Modern Pentathlo (since 1993) GEOFFREY HENKE AO (STRICKLAND) AO MBE (deceased) PAUL MCKINNON APM AM, MBE awarded to former Prime Minister of JOHN DEVITT AM LINDSAY GAZE OAM CATHERINE MURCH (FREEMAN) OAM PROF. DR. UGUR ERDENER – – Australia, Sir Robert Menzies KT AK 2002 SHANE GOULD AM MBE OLY President, World Archery Federation BRIAN TOBIN AM CH FRS QC (deceased) 1985 RINO GROLLO IAN THORPE AM (since 2005) STEPAN KERKYASHARIAN AO (deceased) NORMAN GAILEY AM MBE PETER NORMAN (deceased) FRANCESCO RICCI BITTI – PROF. LOWITJA O’DONOGHUE AC IOC PIERRE DE 2003 President, International Tennis CBE DSG COUBERTIN MEDAL 1986 DR JACQUES ROGGE 2019 Federation (1999 – 2015) JOHN D COATES AC (Gold) The Pierre de Coubertin Medal NOEL WILKINSON AM BEM GENERAL SIR was created by the IOC in 1997 2005 ALISHER USMANOV – President, THE HON. MICHAEL KNIGHT AO (deceased) AK CVO MC (RET’D) and named after Baron Pierre OAM International Fencing Federation (Gold) COLIN COATES OLY de Coubertin, the founder of RECIPIENTS OF THE (since 2008) DAVID RICHMOND AO (Gold) the modern Olympic Games. 1987 2006 HARRY GORDON MARIUS VIZER – President, SANDY HOLLWAY AO The medal pays tribute to people THE HON. ROD KEMP A BRIAN CORRIGAN AM CMG AM MEMORIAL International Judo Federation and organisations who through THE HON. BOB ELLICOTT AC QC JIM SLOMAN OAM KENNETH D FITCH AM (since 2007) their teaching contribute to the AWARD FOR OLYMPIC MICHAEL EYERS AM 2008 promotion of Olympism. 1988 JOURNALISM DR. CHUNGWON CHOUE – BOB LEECE AO (deceased) TONY CHARLTON AM (deceased) President, World Taekwondo SIR DONALD TRESCOWTHICK AC 2017 MICK O’BRIEN AM 2009 DAVID FORDHAM (deceased) (since 2004) KBE BRUCE MCAVANEY OAM MIKE COLMAN ROBERT ELPHINSTON OAM Ronald G Harvey CVO AM NORMAN RYDGE AM CBE OBE DR. HASSAN MOUSTAFA – MARGARET MCLENNAN President, International Handball Federation (since 2000) 51 52 TEAMS

Josie Baff wins Australia's first Winter Youth Olympic Games gold medal in the women's snowboard cross at Lausanne 2020

53 54 WINTER YOUTH OLYMPIC GAMES LAUSANNE, SWITZERLAND

The Lausanne 2020 Youth Olympic The 2020 Australian Winter Youth Olympic Team was the largest assembled for a winter YOG, with 33 athletes Games (YOG) was the third edition of the in total (32 of which took to the field of play), competing Winter Youth Olympic Games, hosted for in 7 of the 16 disciplines on offer. This was almost the first time in the Olympic Capital of double the Australian Team size of 17 in Lillehammer (2016) and 13 before that in Innsbruck (2012). The Lausanne, Switzerland from 9-22 January significant increase reflects the great work that our 2020. National Federation partners and the Olympic Winter Institute of Australia are doing in developing the depth Athletes from 79 National Olympic Committees and improving the quality of athlete pathways, and the competed in 81 events in 8 sports and 16 disciplines at growing popularity of winter sport across Australia. 8 competition venues in the cantons of Vaud (Lausanne, A young, diverse and gender balanced team that the Vallée de Joux, Leysin, Les Diablerets and Villars), also extended through to Team officials and team Valais (Champéry) and Graubünden (St Moritz), and in headquarters staff. In breaking down the numbers, our neighbouring (Les Rousses, Stade des Tuffes). athletes were 55% female and averaged 16 years in age. The team was split by 16 athletes competing in wave 1 competitions and 18 in wave 2. Flag bearer, Zoe Michael, was Australia's sole athlete competing across both waves of competition. Athletes Lausanne 2020 featured, for the first time, an innovative The Team also won a silver and two bronze medals in were supported by 11 coaches and 12 team officials, two-wave competition format, a concept aligned with the Mixed NOC 3x3 Ice Hockey. 14 year old Courtney most of whom were identified as future elite coaches and Olympic Agenda 2020, designed to increase the number Mahoney won silver, while Nikki Sharp and Sai Lake took sport leaders for Australian winter sport. of sports, events and athlete quotas, while minimising home a bronze medal. the Games infrastructure and stakeholder servicing Off the field of play, the Team embraced the Games requirements. The concept was trialled with great experience, relished life in the Youth Olympic Village, success. aptly labelled the ‘Vortex’ after its famous ellipse- The Team’s performances were led by Snowboarder, shaped profile, and the exposure to various cultural and Josie Baff who created history when she won Australia’s educational programs and experiences around Lausanne. first-ever winter YOG gold medal on Day 11 of the Athletes remarked that they were going home with Games. Josie’s snowboard cross gold medal was a an “unforgettable international experience and with highlight for the Team and provided validation of the elite connections from all over the world.” athlete pathway established by Snow Australia and the Olympic Winter Institute of Australia. Josie, selected as Australia’s Closing Ceremony flag bearer was Australia’s 7th individual Winter YOG medallist (3 silver, 3 bronze from Innsbruck 2012 and Lillehammer 2016).

55 56 ALPINE SKIING CROSS COUNTRY SKIING

Women’s Super G Zoe Michael 43rd Women's Cross-Country Cross Free Qualification Zana Evans 41st Women’s Super G Isabella Davis 48th Women's Cross-Country Cross Free Qualification Rosie Fordham 48th Men’s Super G Thomas Hoffman 23rd Men's Cross-Country Cross Free Qualification Hugo Hinkfuss 52nd Men’s Super G Joey Steggall 47th Men's Cross-Country Cross Free Qualification John Mordes 69th Women’s Alpine Combined Zoe Michael DNF Women's Sprint Free Qualification Zana Evans 46th Women’s Alpine Combined Isabella Davis DNF Women's Sprint Free Qualification Rosie Fordham 56th Men’s Alpine Combined Thomas Hoffman DNF Men's Sprint Free Qualification Hugo Hinkfuss 64th Men’s Alpine Combined Joey Steggall DNF Men's Sprint Free Qualification John Mordes 67th Women’s Giant Slalom Zoe Michael 25th Women's 5km Classic Rosie Fordham 36th Women’s Giant Slalom Isabella Davis DNF Women's 5km Classic Zana Evans 37th Men’s Giant Slalom Thomas Hoffman 34th Men's 10km Classic Hugo Hinkfuss 50th Men’s Giant Slalom Joey Steggall DNF Men's 10km Classic John Mordes 67th Women’s Slalom Zoe Michael 27th Women’s Slalom Isabella Davis DNF FREESTYLE SKIING Men’s Slalom Thomas Hoffman 25th Women's Freeski Slopestyle Abi Harrigan 12th Men’s Slalom Joey Steggall 27th Women's Freeski Slopestyle Mia Rennie 15th Parallel Mixed Team Event Australia 12th Women's Freeski Halfpipe Abi Harrigan 10th Women's Freeski Halfpipe Mia Rennie DNS ICE HOCKEY 3X3 Women's Freeski Big Air Mia Rennie 10th Men's Mixed NOC 3x3 (Brown Team) Sai Lake 3rd Women's Freeski Big Air Abi Harrigan 15th Men's Mixed NOC 3x3 (Blue Team) Riley Langille 8th Men's Ski Cross Ben Wynn 14th Women's Mixed NOC 3x3 (Orange Team) Molly Lukowiak 8th Men's Ski Cross Jasper Cobcroft 16th Women's Mixed NOC 3x3 (Blue Team) Nikki Sharp 3rd Women's Ski Cross Kyra Wheatley 13th Women's Mixed NOC 3x3 (Black Team) Courtney Mahoney 2nd Women's Ski Cross Zoe Michael 16th Team Ski-Snowboard Cross Australia 9th BIATHLON SHORT TRACK SPEED SKATING Women's 10km Individual Luka (Lulu) Miskin 47th Women's 10km Individual Chelsey Johnson 60th Men's 1000m Kieran Guan 14th Women's 10km Individual Isabella Moon 76th Men's 500m Kieran Guan 28th Men's 12.5km Individual Christian Mahon 73rd Men's 12.5km Individual David Patterson 94th SNOWBOARD Men's 12.5km Individual Jonte Treasure 98th Women's Slopestyle Lily Jekel 15th Single Mixed Relay Australia 26th Women's Slopestyle Alexandra Chen 18th Men's 7.5km Sprint Christian Mahon 89th Men's Slopestyle Sunny Steele 13th Men's 7.5km Sprint David Patterson 94th Women's Halfpipe Lily Jekel 11th Men's 7.5km Sprint Jonte Treasure 96th Women's Halfpipe Alexandra Chen 13th Men's Halfpipe Sunny Steele 15th CROSS COUNTRY SKIING Women's Big Air Lily Jekel 14th Women's 6km Sprint Luka (Lulu) Miskin 50th Women's Big Air Alexandra Chen 17th Women's 6km Sprint Chelsey Johnson 74th Men's Big Air Sunny Steele 15th Women's 6km Sprint Isabella Moon 77th Women's Snowboard Cross Josie Baff 1st Mixed Relay Australia 23rd Women's Snowboard Cross Amber Essex 10th Men's Snowboard Cross Finn Sadler 7th Team Ski-Snowboard Cross Australia 9th

57 58 GEOFF HENKE OLYMPIC WINTER SPORTS MEDICINE & ATHLETE OLYMPIC WINTER TRAINING CENTRE SUPPORT SERVICES Australia’s leading skiers have received a huge boost The Winter Sports National Performance Services with the opening of the new world class Water Ramp Network continued to operate in 2020 to centralise INSTITUTE OF AUSTRALIA facility located at Brisbane’s Sleeman Sports Centre in the delivery of world class performance support to September. winter sports Institute athletes through a collaborative and individualised case management approach across The facility, named the Geoff Henke Olympic Winter the disciplines of injury management, sports medicine, Training Centre acknowledges the life-long contribution physiotherapy, nutrition, strength and conditioning, and Geoffrey J Henke AO has made to Australian Winter sport psychology. The National Performance Services Olympic sport. Network has worked in a close partnership between the The centre has different jumps to cater for aerial and OWIA, NSWIS, VIS and Snow Australia to manage the mogul skiing athletes of all experience levels, from challenges and response to the pandemic conditions beginner to the most difficult triple somersault jump. and continue the focused delivery of best practice performance services support to Australia’s winter sport At the elite level the world class facility will remove a athletes and coaches. competitive disadvantage, allowing Australian athletes to train at home and enable a talent pathway to identify and develop talented athletes, ensuring winter sports ATHLETE WELLBEING & ENGAGEMENT continued success. Aerial and mogul skiers have provided eight of Australia’s 15 medals at the Olympic Winter It was a very challenging year for athletes and staff Games, including three gold. with the cumulative effect of the Australian bushfire crisis, COVID-19 pandemic and unexpected deaths Construction of the $6.5 million centre of excellence within the winter sport community over the past 12 began in June 2019 by Buildcorp and project manager months. In response to these events the OWIA Critical Colliers, following agreement between the Federal Incident Management plan was enacted including crisis Government, including the Australian Institute of Sport, communication and stakeholder management. Athlete the Queensland Government, the AOC and the OWIA. and personnel wellbeing checks took place, and the OWIA worked in collaboration with AIS Mental Health The Queensland Government provided the location to develop individualised programs. through Stadiums Queensland, with $4.5 million in funding provided by the Federal Government and the The annual H3 Summit (Health, Happiness and High AIS, with the AOC contributing the remainder. The Performance) shifted to an online platform. The program project was delivered on budget and was only delayed at was designed around athletes training programs with the very end of the build due to COVID 19. two sessions offered per day (AM & PM) to allow flexibility and the opportunity for athletes to incorporate COMPETITION Jakara Anthony had a great year finishing the mogul This facility will allow Queensland to become the critical attendance into their daily training schedules. skiing 2019-2020 season ranked second in the world development hub for future Olympic winter sport It was another outstanding year for Australia’s winter after taking home four medals. Matt Graham had another champions. The OWIA has commenced the process of creating an sports athletes, highlighted by 23 major medals won by strong season finishing the year ranked fourth on the Athlete Wellbeing and Engagement Framework that ten different athletes across six different sports in the World Cup standings with a number of top-six super final will meet athletes’ needs now and into the future. 2019-2020 international season. performances. Britt Cox returned to the podium at the The aim is to help provide athletes with the right support opening World Cup event of the season in Ruka, Finland, extended his amazing win streak in the to maintain their intrinsic motivation and focus on but unfortunately suffered a season ending at the next halfpipe to 11 events, which commenced after his success in their sport over multiple Olympic cycles and World Cup in Thaiwoo, China. 2018 Olympic Games bronze medal performance in ultimately make a positive transition into life after sport. PyeongChang, Korea. During 2020, James had gold It was an outstanding comeback from injury for Belle medal performances at the World Cup event in Laax, Brockhoff, who reached the podium in five of the six Switzerland, and US pro events the X-Games in Aspen World Cup snowboard cross events, an ended the year and Dew Tour in Copper Mountain. The streak came with the world number two ranking. Teammate Cam to an end with a silver medal at the World Cup final in Bolton opened the season with a silver in Montafon. , Canada, where he also claimed the third end of Austria, and Adam Dickson had his first career podium in season World Cup Crystal Globe title of his career. the final race of the season with a bronze in Veysonnaz, Aerial skier Laura Peel also won the Crystal Globe World Switzerland. Cup title for the first time in her career. Peel was the Tess Coady became the first Australian to win a standout aerial skiing athlete ending the season the clear Snowboard Slopestyle World Cup event taking victory number one in the world, claiming four world cup medals in Seiser Alm, Italy, and Bree Walker had three race wins during her first season competing more difficult triple in the new monobob discipline which will make its debut somersaults. In winning the Crystal Globe, Peel joins at the 2022 Olympic Winter Games in Beijing. Walker Australian aerial skiing legends , Jacqui is also the leading Australian driver in the two woman Cooper, Alisa Camplin and Lydia Lassila as World Cup bobsleigh, with a number of top-ten finishes in World champions. Teammate Abbey Wilcox earned the first Cup events. World Cup success of her career with a bronze medal performance at Deer Valley, USA during February. 59 60 MEDICAL COMMISSION REPORT

MEDICAL COMMISSION MEMBERS Dr Peter Fricker OAM (Chair) Dr David Hughes Dr Peter Braun Dr Anik Shawdon SPORT DEVELOPMENT GEOFF LIPSHUT APPOINTED CHEF VALE ALEX “CHUMPY” Ms Miranda Menaspà The Sport Development Manager role continued in 2020 DE MISSION FOR BEIJING WINTER PULLIN AND EKATERINA providing strategic support to AOC member winter sports GAMES IN 2022 ALEXANDROVSKAYA including; Australian Biathlon Association, Australian In May the AOC appointed OWIA CEO Geoff Lipshut as Sadly in 2020 the winter sport community The year 2020 has been extraordinary and Curling Federation, Ice Hockey Australia, Luge Australia and Chef de Mission for the Australian Winter Olympic Team mourned the tragic loss of Olympians Alex to compete at the Beijing 2022 Winter Olympic Games. “Chumpy” Pullin and Ekaterina Alexandrovskaya. the single most disruptive factor has been Bobsleigh and Skeleton Australia. Support is now also being provided to Australian Ice Racing and . Lipshut will take over from AOC Vice President Ian Chumpy will be remembered for his invaluable the postponement of the Olympic Games Support includes facilitated strategic planning and review, Chesterman, who has led the Australian Team to the past contribution as a pioneer in snowboard cross in in Tokyo to 2021, as a result of the Covid AOC High Performance Funding applications, assistance six Winter Olympic Games. Australia as a three-time Winter Olympian, Flag 19 pandemic. bearer at the 2014 Sochi Olympic Games, three with Olympic Games nomination documentation, time World Championship medallist, two time Consequently, the Medical Commission was not active governance templates and development, and opportunities STEVE LEE FIGHTBACK World Champion and two time World Cup ‘Crystal apart from a few ad hoc issues which engaged Members In September three-time Olympian, World Cup alpine to attend online forums, inspiring development and Globe’ champion. of the Commission in offering professional advice. encouraging knowledge-sharing. skiing gold medallist and former OWIA Board Member Ekaterina along with partner Harley Windsor were Steve Lee suffered a devastating and debilitating stroke The Members of the Medical Commission are carrying Australia’s first figure skating World Champions. at his home in Falls Creek. over their terms of appointment until after the Olympic In 2017 the pair were World Junior Champions Games in Tokyo. The Medical Commission will pick up Steve 58, faces a lengthy and challenging recovery and World Junior Grand Prix Champions and then its duties as planning for the Games progresses. It is process and we send him and his family our very best proud members of the 2018 Australian Olympic not envisaged that any new procedures and processes wishes. team in Korea, 2018. around further appointments and other Medical Steve will likely require 24/7 care for the rest of his life, Their loss is felt deeply by the whole winter sports Commission related activities will be instituted. an urgent fundraising campaign has been launched to community and their legacies will be honoured. assist Steve in the years to come. Many of the broader At the time of writing it only remains for me to thank Olympic and winter sport community have reached out the Members of the Medical Commission for their to support Steve and family: https://au.gofundme.com/f/ service (and patience), and to thank the officers of the steveleefightback AOC (Tracy Norman, Amie Wallis, Scott Muir and Luke Pellegrini in particular) and Alice Wallett at the Australian Institute of Sport for their assistance. It is always much appreciated.

DR PETER FRICKER OAM Chair

61 62 FUNDING THE AUSTRALIAN OLYMPIC MOVEMENT

Lionel Cox and come first in the 2000m tandem Men's Cycling Track Final in Helsinki 1952

63 64 ATHLETE & NATIONAL FEDERATION FUNDING

In support of the objectives of education, This consists of direct funding to Benchmark Event OLYMPIC SOLIDARITY NATIONAL FEDERATION FUNDING medallists under the AOC Medal Incentive Funding and health and wellbeing initiatives and High-Performance funding to NFs receiving less than Olympic Solidarity, the development arm of the The AOC provides funding for sports which receive preparation of the AOC’s Olympic, $100,000 p.a. from the Australian Institute of Sport. IOC, provides technical and financial support for the less than $100,000 on an annual basis from the AIS in development of sport through programs devised to high performance funding. Total funding provided was Olympic Winter, Youth Olympic, Youth match specific sports needs and priorities. $291,000. Olympic Winter and Regional Teams MEDAL INCENTIVE FUNDING The AOC receives this support directly from Olympic Funding was also available to those sports that have funding was provided to athletes and The Medal Incentive Funding (MIF) program provides support directly to potential Olympic and Olympic Solidarity and through its Continental Association, delegates on the executive of International Sporting National Federations as set out in the Winter Games medallists. This year, $2,550,000 was Oceania National Olympic Committees (ONOC). Federations on the Olympic program. As a result of COVID-19 no funds were utilised in FY2020. Guidelines approved by the Executive provided to 201 athletes across 19 Summer sports and During 2020, the AOC and its member NFs received in consultation with the Athletes’ to 2 athletes across Winter sports. This is an increase assistance from Olympic Solidarity for the following from $2,455,000 distributed to 200 athletes in 2019. initiatives: 2020 SOLIDARITY & Commission. NATIONAL FEDERATION FUNDING Athletes were eligible to receive 2020 funding by • National Activities Programs – Artistic Gymnastics, achieving medal winning results at the 2019 Benchmark Rhythmic Gymnastics, Hockey, Ice Racing, Paddle, 0 5 10 15 20 25 30 35 40 45 50 55 Events. Sliding Sports, Skiing, , Sport Climbing, ARCHERY 7 BIATHLON Surfing, Table Tennis, Taekwondo, Volleyball, Water 31 CANOE 18 Polo CURLING 2 2020 MEDAL INCENTIVE FUNDING $2,550K - 201 ATHLETES GYMNASTICS 20 • Equipment Grants – Archery, Handball, Modern HANDBALL 2 18 Pentathlon, Shooting, Sliding Sports, Softball, Sport HOCKEY 19 $'000 ATHLETES Climbing, Triathlon, Water Polo, Weightlifting, ICE HOCKEY 27 ICE RACING 14 600 60 Wrestling JUDO 5 KARATE 34 • Team Support Grant – Softball LUGE 24 MODERN PENTATHLON 24 6 500 50 • Youth Olympic Games Team Support Grant SAILING 10 SHOOTING 3 • Promotion of Olympic Values SLIDING SPORTS 22 17 SNOWBOARD 8 • Athlete Scholarships SOFTBALL 400 40 2 SPORT CLIMBING 10 30 Ten Australian athletes preparing for the Beijing Olympic SURFING 3 9 Winter Games and four Australian athletes preparing SWIMMING 3 for the Tokyo Olympic Games benefited from support ARTISTIC SWIMMING 2 39 300 30 TABLE TENNIS 13 through an Olympic Solidarity scholarship program. TAEKWONDO 14 These athletes received a monthly subsidy to help with TENNIS 3 expenses relating to their qualification and participation TRIATHLON 6 200 20 VOLLEYBALL 19 at the Games. WATERPOLO 15 WEIGHTLIFTING 5 WRESTLING 12 44 100 10 OLYMPIC SOLIDARITY $250K PROGRAMS $291K

An additional $267,000 in Olympic Solidarity funding was 0 0 paid to athlete scholarship holders in 2020. DIVING CANOE TENNIS SAILING BOXING HOCKEY CYCLING ROWING RUGBY 7s SOFTBALL ATHLETICS SHOOTING SWIMMING TRIATHLON BASKETBALL VOLLEYBALL EQUESTRIAN WATERPOLO SNOWBOARD FREESTYLE SKIING BEACH VOLLEYBALL

65 66 HOW THE $16.3M GAMES INCLUDES OLYMPICS AOC IS FUNDED & YOUTH OLYMPICS (SUMMER, WINTER) AND OTHER REGIONAL GAMES

$22.6M The AOC is funded through commercial GRANTS 2020 OLYMPIAD REVENUE ATHLETES & NF’S INCL. MEDAL partnerships, Team Appeal, IOC Solidarity As a National Olympic Committee, the AOC has access INCENTIVE FUNDING, DIRECT and distributions from the Australian to IOC Solidarity and other grants. Solidarity funds are for specific programmes such as coach education, athlete SUPPORT FOR NF PROGRAMS, Olympic Foundation. scholarships and community education programmes. The AND ALUMNI SUPPORT funds provided are acquitted to the IOC. COMMERCIAL PROGRAM 59% Other grants are provided by the IOC, Organising The AOC’s commercial programme falls into two Committees of the Olympic Games and Oceania National categories – partners and suppliers. Partners include the Olympic Committees for administration, Olympic team IOC’s Worldwide Olympic Partner Programme (TOP) support and sport programmes. 100% $6.3M and Australian Olympic partners. Each have exclusivity in their category and the rights to activate their The AOC works with State Governments and other COMMUNITY ENGAGEMENT sponsorships with the AOC’s assets throughout Australia. bodies to co-invest in education programs in schools PROGRAMS – PROMOTING These sponsors provide cash, products and services to across the country, for which the AOC receives various 30% OLYMPISM THROUGH EDUCATION the Australian Olympic teams and the AOC. grants to fund program expenditure. AND ADVOCACY PROGRAMS

TEAM APPEAL AUSTRALIAN OLYMPIC FOUNDATION 2% 5% In co-operation with and support of the State & Territory After the 2000 Sydney Olympic Games a legacy fund 4% Olympic Councils and State & Territory Team Appeal of $88.5m was established as the capital base of the Committees, the AOC conducts a National Team Appeal Australian Olympic Foundation (AOF). Since its founding $64.8M COMMERCIAL $33.5M AOF $5.2M GRANTS during each Olympiad. The funds are raised through Gala the Foundation has grown its net assets to $170.4m at PARTNERS $17.6M 31 December 2020. $4.3M FUNDRAISING $2.2M OTHER dinners and other events held in each state and territory DIRECT COSTS OF COMMISSIONS, which are supported by companies and individuals. During that same period the AOF has provided $130.3m SERVICING, MARKETING AND State and Territory Governments also make significant in distributions to the AOC. The Foundation remains a FUNDRAISING COST OF SALES donations to the Appeal. very long-term investor – intended to assist in financing 2020 OLYMPIAD OLYMPIC INVESTMENT The funds raised are used for the sole purpose of the AOC’s activities well into the future. sending the Australian Team to the Games. Monies raised Total revenue received in the 2020 Olympiad was do not contribute to the AOC’s operations. $110.1m. As a result of COVID-19, all Team Appeal events for 17% 2020 had to be cancelled which significantly impacted 23% $9.7M the targeted returns for the 2020 quadrennium. TECHNOLOGY & COMMUNICATIONS 7% – INVESTMENT IN INFRASTRUCTURE AND SUPPORT TO DELIVER OLYMPIC ACTIVITIES. 19% 10%

24% $21.9M SUPPORT SERVICE COMPRISING COSTS OF CORPORATE SERVICES, GAMES ATHLETES & NFs SUPPORT AOC EXECUTIVE, PROPERTY AND DIRECT TECHNOLOGY & COMMUNITY FINANCING COSTS. COSTS COMMUNICATIONS ENGAGEMENT

67 68 AUSTRALIAN OLYMPIC TEAM

PARTNER ANNOUNCEMENTS 2020 Bio-security specialists Aspen Medical joined the sponsor family to provide a range of specialist healthcare solutions and advocacy services to assist in the delivery of the AOC’s ‘Project Wagasa’ program for Tokyo 2020. Aspen will assist the AOC to develop a detailed strategy Westpac joined the AOC's sponsor family as the Official enabling the Team to overcome the challenges of a Banking Partner of the Australian Olympic Team. On COVID world so they can safely qualify, compete and 25 February, Westpac hosted a private function at the return from the Tokyo 2020 Olympic Games. Westpac Open Air Cinema in Sydney to announce their Olympic partnership. This was followed the next day by four live crosses to Seven's Sunrise program dedicated to this announcement and also their role as the Presenting Many of our Sponsor's businesses were hit very hard Partner for the AOC’s “Olympics Live” initiative. Westpac by the COVID-19 pandemic, including and our COMMERCIAL are also supporting Australia's Olympians through Long term Winter Games Partner, XTM has extended various apparel partners. The partners also became the AOC's Olympian Opportunity Program’s Financial their sponsorship of the AOC and the Winter Olympic PROGRAM pillars of strength working to service the community Literacy pillar. Team. XTM will continue to supply the Team with in a time of need, notably Woolworths and Meat and The AOC Commercial Program is the largest in sponsor much needed hi-tech gloves, socks, thermals, bags and Livestock Australia. numbers and value since Sydney 2000. We enjoy the accessories. dedicated support of 33 Partners, 13 Suppliers and The AOC’s Commercial and Legal teams worked through seven Licensees, providing a critical role in funding the multiple business challenges of our Sponsor family the AOC’s activities. We particularly thank them for to extend their contracts to after the Games in 2021. PARTNERSHIPS LOOKING FORWARD their support during this challenging year, enabling our We are extremely grateful that each and every one of Presented by athletes to realise their dream of competing at the Tokyo the AOC's Commercial Partners, Suppliers and Licensees ourself Olympic Games. #EmpowerY THE TOP X AGREEMENT (2021 – 2024) remain committed to the Olympic family through to the Allianz extended their local relationship with the AOC Tokyo Games in 2021. The AOC thanks them for their The contracting has nearly concluded on the IOC TOP Bridgestone kicked off 2020 with its grassroot community further supporting Olympians in the area of mental incredible support through such a challenging period. X Agreement for the 2021-2024 quadrennium. The program ‘Chase Your Dream’. Funding a WA surf school health, and becoming the Presenting Partner of the financial agreement is an excellent build from the TOP for a day to introduce 40 aspiring students to one of Throughout the year, the AOC introduced several new AOC's Wellbeing Week & Series. Allianz’ support has IX Agreement. New deliverables and performance the newest Olympic sports. Team Bridgestone athlete, engagement initiatives for the Partner family to further allowed the AOC to develop and reach a larger audience, benchmarks expected by the IOC must be met by NOC’s Connor O’Leary, spoke to the group and gave them a strengthen the AOC’s support for our Commercial with both athletes and Australians in the community including the AOC, for receipt of funds from the IOC. hand mastering their techniques in the water. In March Supporters businesses and personnel. This created an for the benefit of their health and wellbeing. Allianz will Importantly, the structure of the new TOP agreement Bridgestone arranged for Tokyo 2020 hopeful Ariarne even stronger sense of community within the AOC continue to support Wellbeing Week into 2021 at which will enable the opportunity for the AOC to seek potential Titmus to spend time with a Brisbane high school Sponsor family. time they will become a TOP Partner. domestic support from a number of categories. swimming team ahead of a major competition. Ariarne gave them useful tips about preparation and inspired them Due to the postponement, a newly expanded pre- to chase their dreams. Games sponsorship sales window emerged, enabling the opportunity to secure new category partnerships Like many things in 2020, the COVID-19 pandemic through to Paris 2024. The postponement also brought significantly impacted on our sponsors’ plans. to the fore, the necessity of diversity of assets outside In January 2021, the AOC welcomed Made Simpler as of the Team and Games-time window. These included The day before the postponement of Tokyo 2020, ASICS Beiersdorf are one of the pioneers in sports medicine an Official Supplier. Made Simpler have already been community engagement and programs with athletes. were ready to launch the 2020 Australian Olympic in Australia, focused on developing sports medicine working with the AOC’s digital team to deliver the Team competition and village uniforms with a stream of With Partner campaigns poised and ready to go, the products, injury prevention and management practices website for the Tokyo 2020 Olympic Games and the scheduled events and campaign launches, in readiness for Tokyo 2020 Olympic Games will be a powerful and under the Elastoplast brands. The AOC welcomes them looks forward to continuing this relationship. the approaching Games. YoPro’s Olympic yoghurt tubs pivotal moment helping to bring the world back together back into the Olympic family. had even hit the shelves and more than one sponsor had in celebration and in hope. launched their ‘Win a Trip to Tokyo’ promotion.

69 70 ENGAGEMENT The activity around celebrating Sydney 2000 proved INITIATIVES to be an excellent opportunity for us to engage our sponsors. In spite of the difficult operating environment, the AOC’s OLYMPIC PARTNER Sponsor family has remained engaged and committed to leveraging their association with the Australian Olympic UNLEASHED SESSION ” I HAVE BEEN ENJOYING RE- Team.. As part of our strategy of supporting our Sponsors LIVING MOMENTS OF THE through these difficult times, the Australian Olympic SYDNEY OLYMPICS IN THE It has been gratifying to meet the challenges and develop NEWS, IN SOCIALS AND ON TV opportunities together and to that end the AOC has Committee invited sponsors, their families and dedicated itself providing the opportunities for creative stakeholders to two special Olympics Unleashed sessions THIS WEEK. THE COVERAGE collaboration. These opportunities include: with Olympians Jessica Stenson and Alyce Wood held in IT’S RECEIVING IS WONDERFUL November via Zoom. Jessica and Alyce discussed their TO SEE AND IT IS REALLY LIKE journey to the Olympic Games, the challenges during A WALK DOWN MEMORY TOP PARTNERS THINK TANK COVID and messages about motivation, resilience and LANE. HOW CATHY FREEMAN’S On 25 February the AOC invited the TOP Partners the importance of goal-setting. ACHIEVEMENTS AND ACTIONS together for a Think Tank to share campaigns and HAVE HELPED SHAPED HISTORY processes. WELLBEING SERIES HAS ALSO BEEN A GREAT While TOP Partners roll out campaigns based on PRESENTED BY ALLIANZ HIGHLIGHT AND SO VERY ON global imperatives and approval processes new and POINT RIGHT NOW. WELL DONE The importance of improved mental health and wellbeing long-term TOP Sponsors found the opportunity very is the focus of the AOC’s online Wellbeing Week TO YOU AND THE TEAM” useful in working with the AOC, whilst supporting the program which has been supported by Allianz. development of their global campaigns. The capacity for KELLIE, DIVISION MANAGER, JOCKEY TOP partners to localise their campaigns is varied and the exercise proved useful in exploring how the AOC “ WE COULD NOT BE HAPPIER, can provide assistance with communication, research and IT WAS A REAL TRIUMPH, AND approvals. VERY PLEASED WITH OUR PARTNERSHIP!” The Think Tank was attended by Bridgestone, Samsung, Panasonic, Allianz. AirBnB, ATOS, Toyota, Visa and P&G. NICK ADAMS, ALLIANZ CHIEF MARKETING MANAGER

While the target audience for the Week has been OLYMPIC PARTNER UPDATE CALLS athletes, an invitation was extended to sponsors and Four Sponsor update sessions were held virtually with their staff to join each daily session. Given the COVID the Olympic Family with attendance averaging over 50 environment, the content was particularly relevant. representativesfor each session. CEO Matt Carroll and The inclusion of Sponsors to attend the online Wellbeing Tokyo Chef de Mission Ian Chesterman provided updates Series has been well received and many extended the on the status of Tokyo 2020 and the challenges of the invitations to their staff as they found the theme and COVID-19 at two sessions. The remaining sessions saw content highly relevant during these difficult times. the Commercial and Public Affairs teams provide updates to ensure continued streamlined communication, along The feedback from their team has been excellent with other opportunities for engagement including including a Trivia Session with Olympic Gold Medallist, Duncan THE ASICS WORLD EKIDEN Armstrong. " WE SHARED DAILY UPDATES DIGITAL CAMPAIGNS A virtual team marathon was presented to Sponsors ON OUR WELCOME SCREEN IN and they were encouraged to get their businesses By presenting campaigns to sponsors well RECEPTION TO REMIND STAFF TO involved. The AOC organised 25 staff to take part in OLYMPICS UNLEASHED PRESENTED in advance throughout the COVID period, TUNE INTO YOUR LIVE WEBINARS, virtual marathons. BY OPTUS an opportunity was created for sponsors AS WELL AS PLAYING THEM LIVE ON Optus and the AOC are continuing to explore to leverage athlete-led content and To further support Melbourne-based sponsors THE BIG SCREEN DURING LUNCH. campaigns, capitalising on their association during lockdown, the AOC sent isolation survival opportunities to create awareness and media exposure WE ALSO HELD DAILY ACTIVITIES, for Olympics Unleashed, particularly through the use with the Australian Olympic Team. packs to their homes with fun items including Boxing SUCH AS MEDITATION SESSIONS TO Kangaroo slippers, Cadbury chocolate and Swisse of Optus ambassadors. Early results have been pleasing The #TeamAus campaign in April/May both with the quantity of coverage and branding. PROMOTE WELLNESS. WE CAPPED Vitamin D tablets since they weren’t getting outside. OFF THE WEEK BY ASKING STAFF was a good example of this approach, The series recently hit a milestone of 1050 school which saw home workout content and appearances across the nation. TO WEAR THEIR FAVOURITE TEAM motivational messages generate significant “ A BIG THANK-YOU FOR MY KIT, TO 'EMPOWER THEIR IDENTITY' reach and engagement. ISO SURVIVAL PACK, MY FAMILY AS SHOWN BELOW. THANKS AGAIN ARE ALL LOVING THE SLIPPERS FOR THE CHANCE TO PROMOTE Olympic Day Goals in June encouraged ESPECIALLY. THANK YOU FOR THIS INITIATIVE WITH OUR STAFF, the public to set achievable goals – this THINKING OF ME, IT’S MUCH IT'S BEEN REALLY WELL RECEIVED!” campaign had sponsor integration at its core with JC Decaux and Optus APPRECIATED”. KATE VILLI, ASICS SPORTS MARKETING MANAGER showcasing their Olympic association. ALISON MCNEILL, SWISSE 71 72 2020 AUSTRALIAN OLYMPIC COMMITTEE PARTNERS & SUPPLIERS

LICENSING The AOC's licensees continue to develop AUSTRALIAN OLYMPIC and promote the Australian Olympic Team brand through licensed product. The online PROUD PARTNERS store run by VBM remains the major COMMITTEE PARTNERS retailer of Olympic product. In a new initiative VBM have developed a & SUPPLIERS National Federation supporter range which has been selling well into the individual sports to their supporters, and proceeds will go directly to the National Federations.

ROYAL AUSTRALIAN MINT The coin range is finalised by the Royal Australian Mint and some of the range has already gone to market. Further coins remain under lock and key, awaiting release in 2021.

PROUD SUPPLIERS

AIRWEAVE \ CARGO LIVE \ CRUMPLER \ ELASTOPLAST \ GETTY IMAGES \ ISENTIA \ JOCKEY \ MADE SIMPLER \ REED & MACKAY \ SPORTSCRAFT \ STUCK ON YOU \ VOLLEY \ XTM

74 AUSTRALIA'S OLYMPIC HISTORY

Australia celebrate their victory against Japan in the Women's Pool B hockey match at the Rio 2016 Olympic Games

75 76 Swimming 1984 1996 - 200m Butterfly; , USA ATLANTA, USA AUSTRALIA'S Dawn Fraser - 100m Freestyle; Athletics Equestrian OLYMPIC CHAMPIONS Ian O’Brien - 200m ; Glynis Nunn - Heptathlon , , Gillian Robert Windle - 1500m Freestyle Rolton, - Three Day Cycling Event Team Yachting , , William Northam, Peter O’Donnell, , - 4000m Hockey (Women) 1896 Swimming 1956 Dick Sargeant - 5.5 Metre Class Team Pursuit , , Andrew ‘Boy’ Charlton - 1500m ATHENS, GREECE MELBOURNE, AUSTRALIA , , Rechelle Athletics Athletics 1968 Hawkes, , Karen Edwin Flack - 800m, 1500m Betty Cuthbert - 100m, 200m; - 200m Butterfly 1928 , Marsden, , Jennifer Shirley Strickland - 80m Hurdles; MEXICO Weightlifting Morris, Jacqueline Pereira, Nova 1900 AMSTERDAM, Norma Croker, Betty Cuthbert, Fleur Peris-Kneebone, , Lisa Athletics Dean Lukin - Super Heavyweight Mellor, Shirley Strickland - 4 x 100m PARIS, FRANCE Maureen Caird - 80m Hurdles; Powell, Danielle Roche, , Relay Swimming Rowing Ralph Doubell - 800m 1988 Fred Lane - 200m Freestyle, 200m Henry ‘Bobby’ Pearce - Cycling Swimming SEOUL, KOREA Rowing Obstacle Race Ian Browne, Anthony Marchant – 1932 Lynette McClements - 100m Athletics Drew Ginn, Nicholas Green, Michael Tandem Cycling Butterfly; Debbie Flintoff-King - 400m Hurdles McKay, James Tomkins - Four; 1904 LOS ANGELES, USA , Megan Still - Pair Swimming - 100m Freestyle, ST LOUIS, USA Cycling Hockey (Women) - 400m Freestyle; 200m Freestyle Shooting No gold medals won Edgar ‘Dunc’ Gray – 1km Time Trial Tracy Belbin, Deborah Bowman, Dawn Fraser - 100m Freestyle; 1972 Michelle Capes, Lee Capes, Sally Michael Diamond – Trap; Rowing - 100m Freestyle; Carbon, Elspeth Clement, Loretta Russell Mark - Double Trap 1908 Henry ‘Bobby’ Pearce - Single Scull - 400m Freestyle, MUNICH, Dorman, Maree Fish, , Swimming LONDON, GREAT BRITAIN 1500m Freestyle; WEST GERMANY Lorraine Hillas, Kathleen Partridge, Swimming David Theile - 100m Backstroke; Susan O’Neill - 200m Butterfly; Rugby Union Swimming Sharon Patmore, Jacqueline Pereira, - 200m Breaststroke John Devitt, Jon Henricks, Kevin - 1500m Freestyle , Phillip Carmichael, Brad Cooper - 400m Freestyle; , Kim Small, Liane Tooth O’Halloran, Murray Rose - 4 x 200m Daniel Carroll, Robert Craig, Thomas Shane Gould - 200m Freestyle, 400m Tennis 1936 Freestyle Relay; Swimming Griffin, John Hickey, Malcolm Freestyle, 200m Individual Medley; Todd Woodbridge, Mark Woodforde BERLIN, GERMANY Lorraine Crapp, Dawn Fraser, Faith - 200m Freestyle McArthur, Arthur McCabe, Patrick Gail Neall - 400m Individual Medley; – Doubles No gold medals won Leech, - 4 x 100m McCue, Christopher McKivat - 200m Freestyle Relay 1992 (captain), Charles McMurtrie, Sydney Breaststroke 2000 1948 BARCELONA, SPAIN Middleton, Thomas Richards, Charles 1960 Yachting SYDNEY, AUSTRALIA Russell, Frank Bede Smith LONDON, GREAT Canoe / Kayak Thomas Anderson, John Cuneo, John Archery BRITAIN , ITALY Clint Robinson - K1 1000m Shaw - Dragon Class; - Individual 1912 Athletics Athletics John Anderson, David Forbes - Star Cycling John Winter - Herb Elliott - 1500m Athletics STOCKHOLM, Class Kathryn Watt - Road Race Catherine Freeman - 400m Swimming Rowing Equestrian Equestrian Sarah ‘Fanny’ Durack - 100m Freestyle; Mervyn Wood - Single Scull - Three Day Event 1976 Beach Volleyball Matthew Ryan - Three Day Event Les Boardman, Harold Hardwick, Cecil Individual; Natalie Cook, Kerri-Ann Pottharst MONTREAL, CANADA Individual; Healy, Malcolm Champion (NZ) - Men’s 4 1952 Neale Lavis, Lawrence Morgan, Bill No gold medals won Andrew Hoy, , Matthew Cycling x 200m Freestyle Relay HELSINKI, FINLAND Roycroft - Three Day Event Team 1980 Ryan - Three Day Event Team Brett Aitken, Scott McGrory - Athletics Swimming Madison 1920 Rowing Marjorie Jackson - 100m, 200m; John Devitt - 100m Freestyle; MOSCOW, USSR , Stephen Hawkins - Equestrian ANTWERP, BELGIUM Shirley Strickland - 80m Hurdles Dawn Fraser - 100m Freestyle; Swimming No gold medals won Double Scull; Phillip Dutton, Andrew Hoy, Matthew - 1500m Freestyle; Michelle Ford - 800m Freestyle; Cycling , Nicholas Green, Ryan, - Three Day Murray Rose - 400m Freestyle; , , , 1924 Russell Mockridge – 1km Time Trial; Michael McKay, James Tomkins - Four Event Team David Theile - 100m Backstroke - 4x100m Medley Relay , Russell Mockridge – PARIS, FRANCE Swimming Hockey (Women) Tandem Cycling Athletics 1964 Kieren Perkins - 1500m Freestyle Kate Allen, Alyson Annan, Lisa Anthony ‘Nick’ Winter - Triple Jump Swimming TOKYO, JAPAN Carruthers, Renita Garard, Juliet John Davies - 200m Breaststroke Haslam, Rechelle Hawkes, Nikki Diving Athletics Hudson, Rachel Imison, Clover Richmond ‘Dick’ Eve - Plain High Dive Betty Cuthbert - 400m Maitland, Claire Mitchell-Taverner, 77 78 Jennifer Morris, , Katrina 2016 Diving Swimming Powell, , Kate Starre, RIO DE JANEIRO, - 10m Platform Leisel Jones - 100m Breaststroke; AUSTRALIA'S YOUTH Lisbeth Trickett - 100m Butterfly; BRAZIL Hockey (Men) Sailing Stephanie Rice - 400m Individual Modern Pentathlon OLYMPIC CHAMPIONS Michael Brennan, , , –470 Class; Medley, 200m Individual Medley; Chloe Esposito Dean Butler, , Jamie , – Stephanie Rice, , Kylie Dwyer, , , (Women) 470 Class Palmer, , Felicity , , , , Galvez*, Angie Bainbridge*, Melanie Shooting , Mark Knowles, Brent , Chloe Dalton, Gemma 2010 Schlanger*, Lara Davenport* – Rugby Sevens (Women) Michael Diamond - Trap Livermore, Michael McCann, Stephen Etheridge, Ellia Green, 4 x 200m Freestyle Relay; SINGAPORE Amber Pilley, Brooke Anderson, Mowlam, , Matthew Wells (co-captain), , Alicia Quirk, Swimming , Leisel Jones, Jessicah Caitlin Moran, Dominique du , Amy Turner, Sharni Athletics - 1500m Freestyle; Rowing Schipper, Lisbeth Trickett, Tarnee Toit, Kellie Gibson, Laura Wildie, Williams (co-captain) Nicholas Hough - 110m Hurdles Susan O’Neill - 200m Freestyle; Drew Ginn, James Tomkins - Pair White*, *, Shayne Mackenzie Sadler, Marioulla Belessis, Ian Thorpe - 400m Freestyle; Reese* - 4x100m Medley Relay Rowing Boxing Raecene McGregor, Shenae Ciesiolka, Shooting , , Michael – Single Sculls Damien Hooper - Middleweight Tayla Stanford, Tiana Penitani Klim, Ian Thorpe, *, Suzanne Balogh - Trap Triathlon * - 4x100m Freestyle Emma Snowsill Sailing Canoe / Kayak Triathlon (Women) Swimming Relay; Tom Burton – Laser Class Jessica Fox - K1 Slalom Brittany Dutton – Individual - 100m Freestyle; 2010 Ian Thorpe, , Todd Grant Hackett - 1500m Freestyle; Shooting Hockey (Men) Pearson, William Kirby, Grant VANCOUVER, CANADA 2016 - 100m Butterfly; Catherine Skinner – Trap Daniel Beale, Robert Bell, Andrew Hackett*, Daniel Kowalski* - 4x200m LILLEHAMMER, NORWAY Ian Thorpe - 200m Freestyle, 400m Freestyle Skiing Butturini, Ryan Edge, Jake Farrell, Freestyle Relay Swimming No gold medals won Freestyle; Lydia Lassila – Aerials Casey Hammond, Jeremy Hayward, , Cate Campbell, Taekwondo Jodie Henry, Lisbeth Lenton, Alice Daniel Mathieson, Rory Middleton, Snowboard Brittany Elmslie, Emma McKeon, 2018 Mills, Petria Thomas, * - Luke Noblett, Flynn Ogilvie, Jayshaan Lauren Burns – Olympic Flyweight – Halfpipe * – 4 x 100m 4 x 100m Freestyle Relay; Randhawa, Byron Walton, Jordan BUENOS AIRES, Freestyle Relay Water Polo (Women) Jodie Henry, Leisel Jones, Giaan Willott, Oscar Wookey, Dylan ARGENTINA 2012 – 100m Freestyle , , Bridgette Rooney, Petria Thomas, Brooke Wotherspoon Mack Horton – 400m Freestyle Athletics Gusterson, Simone Hankin, Yvette Hanson*, Alice Mills*, Jessicah LONDON, GREAT Swimming Keely Small – 800m Higgins, , Bronwyn Schipper* - 4 x 100m Medley Relay BRITAIN 2018 Nicholas Schafer - 100m Mayer, , Melissa Mills, Athletics Golf Breaststroke Debbie Watson, , Danielle 2006 – 100m Hurdles PYEONGCHANG, Grace Kim – Women’s Individual Emily Selig - 200m Breaststroke Woodhouse, TORINO, ITALY Jared Tallent – 50km Walk Strokeplay No gold medals won Madison Wilson, Emily Selig, Zoe Karl Vilips - Men’s Individual 2002 Freestyle Skiing Canoe / Kayak Johnson, Emma McKeon - 4 x 100m Strokeplay Dale Begg-Smith – Moguls Tate Smith, David Smith, Murray Medley Relay SALT LAKE CITY, USA Stewart, Jacob Clear - K4 1000m NOTE Max Ackermann, Justin James, Swimming Freestyle Skiing 2008 1924 Chamonix to 1992 Albertville Nicholas Schafer, Kenneth To - Kaylee McKeown – 50m backstroke Cycling Alisa Camplin - Aerials BEIJING, CHINA Olympic Winter Games Australia did not 4 x 100m Medley Relay Anna Meares – Sprint win any gold medals. 2020 Short Track Speed Skating Athletics Sailing * At Barcelona 1992, a system was 2012 LAUSANNE, Steven Bradbury - 1000m Steven Hooker - Pole Vault introduced by which swimmers who Mathew Belcher, – 470 INNSBRUCK, AUSTRIA SWITZERLAND Canoe/Kayak Flatwater swam in the preliminaries of the relays Class; No gold medals won 2004 Ken Wallace - K1 500m but did not swim in the final were Snowboard Cross Iain Jensen, Nathan Outteridge – ATHENS, GREECE awarded medals if their team won a Josie Baff Diving 49er Class; medal. 2014 Cycling Matthew Mitcham - 10m Platform – Laser Class **Cyclists who raced in preliminaries but NANJING, CHINA Sara Carrigan - Road Race; did not race in the medal round, were Ryan Bayley - Sprint, Keirin; Rowing Swimming Athletics similarly rewarded if their team won a , David Crawshay – , Cate Campbell, Brittany Jessica Thornton – 400m; , , Brett medal. Lancaster, Brad McGee, Stephen Double Sculls; Elmslie, , Yolane Trae Williams – 8 x 100m Relay Wooldridge**, Peter Dawson** - , Drew Ginn - Pair Kukla*, Emily Seebohm*, Lisbeth (mixed) 4000m Team Pursuit; Trickett* - 4 x 100m Freestyle relay Sailing Hockey 5 a side (Men) Graeme Brown, Stuart O’Grady – , – Alec Rasmussen, Corey Weyer, Madison; 2014 470 Class; Jonathan Bretherton, Mackenzie Anna Meares - 500m Time Trial SOCHI, RUSSIA Malcolm Page, – Warne, Matthew Bird, Max Hendry, No gold medals won 470 Class Max Hughes, Nathanael Stewart, Tim Howard 79 80 AUSTRALIA’S OLYMPIC PARTICIPATION HISTORY

OLYMPIC GAMES

OLYMPIC GAMES NATIONS ATHLETES OFFICIALS MALE FEMALE OPENING CLOSING GENERAL MANAGER/ GOLD SILVER BRONZE TOTAL ATHLETES ATHLETES FLAGBEARER FLAGBEARER CHEF DE MISSION (IV) 1896 Athens 14 1 - 1 - - - - 2 - 1 3 1900 Paris 22 2 - 2 - - - - 2 - 3 5 1904 St Louis (i) 12 3 - 3 - - - - - 3 1 4 1908 London (ii) 22 30 (3) - 30(3) - Henry St Aubyn - William Hill 1 2 1 4 Murray (NZL) 1912 Stockholm (ii) 22 25 (3) - 23 (3) 2 Malcolm Champion - Vicary Horniman 2 2 2 6 (NZL) 1920 Antwerp 29 13 1 12 1 George Parker - Horace Bennett - 2 1 3 1924 Paris 44 37 5 37 - Edwin Carr - Oswald Merrett 3 1 2 6 1928 Amsterdam 46 18 2 14 4 Bobby Pearce - Leslie Duff 1 2 1 4 1932 Los Angeles 37 12 4 8 4 Andrew ‘Boy’ - James Eve 3 1 1 5 Charlton 1936 Berlin 49 33 4 29 4 Edgar ‘Dunc’ Gray - Harold Alderson - - 1 1 1948 London 59 77 11 68 9 Les McKay - Edgar Tanner 2 6 5 13 1952 Helsinki 69 85 12 75 10 Mervyn Wood - Bill Uren 6 2 3 11 1956 Melbourne 67 323 35 277 46 Mervyn Wood - Bill Uren 13 8 14 35 1960 Rome 83 198 31 168 30 - Sydney Grange 8 8 6 22 1964 Tokyo 93 253 46 211 42 Ivan Lund Dawn Fraser Len Curnow 6 2 10 18 1968 Mexico City 112 133 35 109 24 Bill Roycroft Eric Pearce Julius Patching 5 7 5 17 1972 Munich 122 173 46 143 30 Dennis Green Michael Wenden Julius Patching 8 7 2 17 1976 Montreal 92 186 47 151 35 Raelene Boyle Robert Haigh Jack Howson - 1 4 5 1980 Moscow (iii) 80 124 53 95 29 & John Sumegi Phillip Coles 2 2 5 9 Max Metzker 1984 Los Angeles 140 248 85 174 74 Dean Lukin William Hoffman 4 8 12 24 1988 Seoul 160 261 83 188 73 Debbie Flintoff-King John Coates 3 6 5 14 1992 Barcelona 172 281 145 188 93 Jenny Donnet Kieren Perkins John Coates 7 9 11 27 1996 Atlanta 197 425 220 255 170 Andrew Hoy Mike McKay John Coates 9 9 23 41 2000 Sydney 199 632 374 349 283 Andrew Gaze Ian Thorpe John Coates 16 25 17 58 2004 Athens 201 482 285 274 208 Colin Beashel Petria Thomas John Coates 17 16 17 50 2008 Beijing 204 436 318 236 200 James Tomkins Stephanie Rice John Coates 14 15 17 46 2012 London 204 410 319 224 186 Lauren Jackson Malcolm Page 8 (v) 15 12 35 2016 Rio 207 422 346 208 214 Anna Meares Kim Brennan Kitty Chiller 8 11 10 29 150 170 192 512

81 82 OLYMPIC WINTER GAMES

OLYMPIC GAMES NATIONS ATHLETES OFFICIALS MALE FEMALE OPENING CLOSING FLAGBEARER GENERAL MANAGER/ CHEF DE GOLD SILVER BRONZE TOTAL ATHLETES ATHLETES FLAGBEARER MISSION (IV) 1924 Chamonix 16 ------1928 St Moritz 25 ------1932 Lake Placid 17 ------1936 Garmisch-Partenkirchen 28 1 - 1 ------1948 St Moritz 28 ------1952 22 9 1 7 2 - - Robert Chisholm - - - - 1956 Cortina d’Ampezzo 32 10 3 8 2 - - Robert Chisholm - - - - 1960 Squaw Valley 30 31 7 27 4 Vic Ekberg - Donald Maclurcan - - - - 1964 Innsbruck 36 6 5 4 2 - - John Wagner - - - - 1968 37 3 3 3 - Malcolm Milne - Bruce Dyson - - - - 1972 Sapporo 35 4 5 4 - - - Richard Watson - - - - 1976 Innsbruck 37 8 1 5 3 Colin Coates - Geoff Henke - - - - 1980 Lake Placid 37 10 5 6 4 Robert McIntyre - Geoff Henke - - - - 1984 Sarajevo 49 11 5 8 3 Colin Coates - Geoff Henke - - - - 1988 Calgary 57 19 14 17 2 Michael Richmond - Geoff Henke - - - - 1992 Albertville 60 23 23 16 7 Danny Kah - Geoff Henke - - - - 1994 Lillehammer 80 27 25 20 7 Kirstie Marshall Kirstie Marshall Geoff Henke - - 1 1 1998 Nagano 72 24 26 16 8 Richard Nizielski Ian Chesterman - - 1 1 2002 Salt Lake City 78 27 25 14 13 Adrian Costa Steven Bradbury Ian Chesterman 2 - - 2 2006 Torino 80 40 46 23 17 Alisa Camplin Dale Begg-Smith Ian Chesterman 1 - 1 2 2010 Vancouver 82 40 53 20 20 Torah Bright Lydia Lassila Ian Chesterman 2 1 - 3 2014 Sochi 88 60 88 29 31 David Morris Ian Chesterman - 2 1 3 2018 PyeongChang 92 51 28 28 23 Scotty James Ian Chesterman - 2 1 3 5 5 5 15

YOUTH OLYMPIC GAMES

NATIONS ATHLETES OFFICIALS MALES FEMALES OPENING FLAGBEARER CLOSING FLAGBEARER CHEF DE MISSION GOLD SILVER BRONZE TOTAL 2010 Singapore 205 100 45 52 48 Liz Parnov - Nick Green 8 15 9 32 2014 Nanjing 204 89 52 43 46 Tiana Penitani Jessica Thornton Susan O’Neill 5 4 17 26 2018 Buenos Aires 206 88 62 41 47 Keely Small Grace Kim Evelyn Halls 5 10 6 21 18 29 32 79 (vi)

WINTER YOUTH OLYMPIC GAMES

NATIONS ATHLETES OFFICIALS MALES FEMALES OPENING FLAGBEARER CLOSING FLAGBEARER CHEF DE MISSION GOLD SILVER BRONZE TOTAL 2012 Innsbruck 70 13 14 7 6 Greta Small Alex Fitch Alisa Camplin - - 2 2 2016 Lillehammer 71 17 18 7 10 Emily Arthur Zali Offord Ian Chesterman - 4 1 5 2020 Lausanne 73 33 23 14 19 Zoe Michael Josie Baff Ramone Cooper 1 1 2 4 1 5 5 11 (vi) (i) Swimmer Francis Gailey who won three silver and one bronze medal at the 1904 St Louis Games was confirmed, in March 2009, as being Australian and not American as the Games records indicate (iii) Figures do not include several sections of the Team that withdrew over the boycott issue. (The Team totalled 204 athletes and 69 officials when announced. Australia was (ii) Competed with New Zealand as Australasia. Total figures include New Zealand and figures in brackets are the number of New Zealand athletes. Two New Zealand athletes not represented in equestrian, hockey and yachting.) The two flagbearers at Moscow were to symbolise unity. Australia, like a number of European countries, did not march competing under Australasia won individual medals. These medals contributed to the overall medal tally but are not recorded as Australian medals, and not included in the behind its national flag but that of the International Olympic Committee. table. The New Zealand individual medallists were (1908 – athletics bronze) and Anthony Wilding (1912 – tennis bronze). (iv) Since the 1964 Olympic Games the Olympic Charter designation of Chef de Mission has been adopted (v) In June 2016 Jared Tallent was awarded the gold medal for the 50km Walk (elevated up from silver) increasing the gold medal count to 8 for the 2012 London Olympic Games. (vi) Medal tally at the Youth Olympic Games and the Winter Youth Olympic Games includes medals won in mixed gender and mixed NOC events

83 84 The ‘Approach to Governance 2020’ sets out the governance framework and structure under which decision- making at CORPORATE the AOC is exercised based on the guiding principles of integrity and transparency.

In keeping with the International Olympic Committee GOVERNANCE (IOC) Charter, the AOC has adopted the commitment to protect its independence, maintain and promote its political neutrality, preserve its autonomy and the autonomy of sport and resist all pressures of any kind, including but not limited to political, legal, religious or economic pressures which may prevent the Committee from complying with the IOC. The AOC seeks to continue improving its governance framework and structure so it is properly position to meet challenges as they arise and be a leader in sport. In 2020 improvements included development plan for members of the AOC Executive, including position descriptions for the President, Vice Presidents and members of the Executive; continue to improve communications and engagement between the AOC and the member National Federations (NF); and establish an Indigenous Advisory Committee to provide the AOC Executive with advice on actioning Objective 6.6. The framework ensured the AOC could rapidly and successful react to the implications of the first ever Olympic Games postponement, implementing specific actions to manage AOC and support NFs and athletes. The Brisbane 2032 Candidature was officially put on hold in March 2020 while Governments rightly focused on the implications of the COVID pandemic. While the Candidature was on hold, work continued in the background on the Games Master Plan to ensure the early mover status of the candidature was not lost. The AOC is fully committed to maintaining and building on its governance reforms so as to be a leading organisation based on a culture of transparency and integrity.

Herb Elliott leads in the 1500m final at the 1960 Olympic Games in Rome, Italy

85 86 OUR VALUES APPROACH THEME ALIGNED DESCRIPTION OUR VALUES OUR VALUES PRINCIPLES & BEHAVIOUR LONG FORM SHORT FORM TO GOVERNANCE Inclusiveness Relevance We bring people together, without exception, in We treat RESPECT Collaboration promoting tolerance and peace through sport so that everyone with FOR ALL Sport for all everyone can experience success. respect Working together We treat everyone with respect. Spirit of Olympism We work with the whole person and challenge THIS STATEMENT FOCUSSES ON THE GOVERNANCE FRAMEWORK attitudes, beliefs and other barriers that limit people from participating. AND STRUCTURE UNDER WHICH DECISION-MAKING AT THE AOC IS We will celebrate successes large and small and EXERCISED. IT REFLECTS THE IMPORTANCE THAT THE AOC PLACES ON elevate our unsung heroes INTEGRITY AND TRANSPARENCY. Humility Athlete centred We serve athletes and the community of sporting We listen and LISTEN Athlete First organisations first and foremost. We will be have a desire to AND LEARN Collaboration passionate and humble in achieving our goals. learn Working Together We will listen and be open to learn from others. GOVERNANCE FRAMEWORK 34.2 Amendments to the Constitution, certified as true Listen, open to We build strong relationships as the foundation for copies by the President and CEO will be submitted learn mutual success. The Olympic Charter (OC) is the basis for the framework to the IOC with a request for approval. of rules governing the members of the Olympic Excellence Spirit of Olympism Excellence is a journey we are on every day. We enable PERSONAL Movement, namely the IOC, International Federations This requirement for the IOC to approve the AOCC runs Collaboration We will be the best we can be by improving in people to be BEST Working Together everything we do. their best (IFs) and National Olympic Committees (NOCs), of which counter to the principle of national sovereignty which underpins the Corporations Act 2001 (Cth) and is an Challenge the status quo, strive to set new standards the AOC is one, as well as Organising Committees for and remove barriers. the Olympic Games (OCOGs). obstacle to the AOC incorporating as a company. This Work as a team to achieve our common goals. is why the AOC remains incorporated as an association All these bodies are required to comply with the OC under the Associations Incorporation Reform Act 2012 Integrity Be our best We stand and fall on our integrity; our actions speak We act with ACT WITH Accountability louder than words. integrity in all which sets forth the Fundamental Principles and essential (and Regulations) of Victoria (Associations Incorporation INTEGRITY values of Olympism; and defines the main reciprocal We will deliver on our commitments and hold that we do Act) (“Act”). ourselves and each other to account. We will be true rights and obligations of the IOC, IFs, NOCs and OCOGs. The OC, AOCC, by-laws and other rules, policies, code to our values in word, deed and spirit For the governance of the AOC, the OC is and charters by which the AOC is governed and operates Leadership Relevance We are all leaders in bringing the Olympic spirit to life. We use our A POSITIVE complemented by the AOC Constitution (AOCC) and a are all available along with Annual Reports and Financial Spirit of Olympism We will lead by example. independence FORCE suite of by-laws, rules, policies, programs and funding Statements on the AOC website (olympics.com.au). Supportive Use our independence and passion to be a positive and passion to be guidelines, a code of conduct and charters for its various A good example force in everything we do. a positive force commissions and committees. Since being awarded the 2000 Olympic Games in 1993 the AOC has neither sought nor received any Key to understanding the rules by which NOCs, Commonwealth Government funding (except for As part of its governance and wider practices, the AOC o Development of programs and initiatives for which are essentially committees of the IOC, must be subsidies under the JobKeeper Payment Scheme). It is Executive has undertaken the following initiatives in the Indigenous communities; constituted and govern is the procedure in the following last 12 months: this financial independence which underpins the AOC’s o Programs to aid the development pathway of By-Law (BL) to Rules (R) 27 and 28 of the OC for their independence from Government. • through its Culture, Remuneration & Nominations Indigenous athletes, coaches and other sport officials recognition and continuing recognition and with which Committee progressing a development plan for and administrators; they must comply: The AOC Executive released a paper in January 2018 members of the AOC Executive, including position Resetting the AOC as an Organisation (available on the o Government policy and programs as related to sport, 1.3 The approval of an [NOC] applicant’s statutes descriptions for the President, Vice Presidents and AOC website olympics.com.au). While the role of the health and education in Indigenous communities; and by the IOC Executive Board is a condition for AOC has not changed, its Objectives – “what we do” and members of the Executive; recognition. The same applies to any subsequent • has renewed its commitment to establishing in effect the AOC’s strategic goals are now presented in • held a series of CEO Roundtable meetings to continue change or amendment to the statutes of an NOC. sustainable practices and programs that actively lead two groups, “guiding” and “operational”. They provide to improve communications and engagement between Such statutes shall, at all times, comply with the OC to reconciliation, through the power of sport, for the clarity of the AOC’s role and mission. The following the AOC and the National Federations (NFs); to which they must refer expressly. If there is any Vision Statement and Values have been adopted by the benefit of by commencing the doubt as to the signification or interpretation of the AOC: • progressed education and community initiatives, in process of developing the AOCs Reconciliation Action statutes of an NOC, or if there is a contradiction particular Olympics Unleashed and Australian Olympic Plan. between such statutes and the OC, the latter takes Changemaker in additional States and Territories OUR VISION The AOC’s operations, like all organisations, were precedence. around Australia; Australians inspired by the spirit of Olympic sport. impacted by the COVID-19 global pandemic, particularly The statutes of the AOC means the AOCC which was • established an Indigenous Advisory Committee to the postponement of the Tokyo Olympic Games. The last adopted by the AOC on 9 May 2020 and approved provide the AOC Executive with advice on actioning AOC initiated actions and projects to address the impact by the IOC on 27 May 2020. Objective 6.6, including but not limited to; of the pandemic both organisationally and operationally. These actions and projects were based on best possible In compliance with the OC, the AOCC includes the o strategy to develop effective relations with from knowledgeable sources including the IOC (advised following clauses:- Indigenous communities; by World Health Organisation), Tokyo Games Organising 3.1 Where this Constitution is inconsistent with a rule, o Indigenous practices and protocols for AOC events, Committee (advised by Japanese Government), the regulation or directive of the IOC, the latter will meetings and ceremonies; Australian Government, NSW Government, and the prevail, and this Constitution, to the extent of the AOC’s medical experts. o Recognition of Indigenous Olympians contribution to inconsistency, will be invalid. Australian sport and Olympic Teams;

87 88 The AOC conducted risk assessments of the workplace (B) POWERS 6.10 to encourage and support measures relating to the and Games operations, noting current health advice 1 AOC IN GENERAL MEETING medical care and health of athletes; Subject to the Constitution, the power, management and provided by Government, the nature of the work and control of the AOC and any duties not attributed by the 6.11 to protect clean athletes and the integrity of sport the risk of exposure as a result of the work, current Each delegate of the NFs affiliated to an IF governing OC or the Act to the AOC in general meeting is vested in by being a leading advocate in the fight against cleaning and hygiene capability in the office, the number a sport included in the sports programme of the next and resides in the AOC Executive (cl.22.1 AOCC). doping in Australia, and by taking action against all of vulnerable workers in the workplace, AOC events, Olympic Games or the next Olympic Winter Games, the forms of manipulation of competition and related readiness in the event of a case of COVID-19 and members of the Executive, the Chair and Deputy Chair This includes the power and responsibility for fulfilling corruption; support mechanisms in place for employees, officials, of the Athletes’ Commission and the members of the the following objects of the AOC (cl.6 AOCC): athletes and volunteers. IOC who are citizens of Australia are the members of 6.12 to exercise its exclusive authority to select and the AOC entitled to one vote (R29 OC and cl.13 AOCC). Clause 6: designate the city or cities which may apply to In addition to assessing its risk, the AOC has, and Where a person is present in more than one capacity 6.1 to develop, promote and protect the principles of organise Olympic Games in Australia; continues to, monitor and follow Public Health Orders with voting entitlement (President and IOC member) that Olympism and the Olympic Movement in Australia and implement SafeWork Australia recommendations. person is only entitled to one vote (cl.13.2 AOCC). This 6.13 in order to fulfil these objects, the Committee in accordance with the OC and all regulations and may cooperate with governmental bodies. The To address the postponement of the Tokyo Olympic also applies to the AOC Executive. directives issued by the IOC; Committee shall not associate itself with any Games and manage the impact of the COVID pandemic Subject to the Constitution, the AOC in general meeting 6.2 to promote, raise awareness of and encourage activity which would be in contradiction with the on Games planning, the AOC initiated a special project, has the full power, jurisdiction and authority to do all participation in sport for benefits of health, OC. The Committee may also cooperate with non- Project Wagasa for AOC to take a lead role: things necessary to carry out the business, affairs and the longevity, fitness, skill, achievement, social governmental bodies; • integrate individual sports pre-Tokyo Games activities objects of the AOC (cl.11 AOCC). interaction, wellbeing and other benefits of exercise 6.14 to protect its independence, maintain and promote and risk plans into an overall umbrella plan to for all individuals in Australia; its political neutrality, preserve its autonomy and responsibly manage the Australian team assembly the autonomy of sport and resist all pressures of period and to safely demobilise the Team post-Games; 2 AOC EXECUTIVE 6.3 in support of the above objects, to effect its exclusive authority for the representation and any kind, including but not limited to political, legal, • in conjunction with the OWIA, support sports and participation by Australia at the Olympic Games, religious or economic pressures which may prevent (A) MEMBERS their athlete’s preparation and participation in the Olympic Winter Games, Youth Olympic Games, the Committee from complying with the OC; qualification competitions leading into the assembly of The roles of the President and Chief Executive Offer Youth Olympic Winter Games and at Regional 6.15 to promote and respect the Athletes’ Rights and the Australian team for Beijing 2022 Team, and; (CEO) are separate. Games and do all matters incidental thereto, Responsibilities Declaration; • ensure athletes for both Games can prepare and The AOC Executive consists of thirteen members, the including the selection and discipline of all members 6.16 the AOC has the right to: train with the confidence that their dedication and names of whom, their length of service and biographical of the teams to represent Australia at those Games. The Committee is obliged to participate in the commitment is being fully supported so as to give them details are set out in the Annual Report. All of them are (1) designate, identify or refer to itself as the Olympic Games and Olympic Winter Games by every opportunity for success at the Games. elected by the AOC in general meeting for terms of four Australian Olympic Committee (AOC) which sending athletes; years with the exception of the CEO who is appointed designation or identification must be included A consequence of the postponement of the Tokyo 2020 by the Executive with the right to vote; the members or referred to in its name; Olympic Games by one year to 23 July-8 August 2021 6.4 to promote the fundamental principles and values of the IOC in Australia who are ex officio members with of Olympism in Australia, in particular in the fields of is that under the AOC Constitution, approved by the (2) send competitors, team officials and other the right to vote (R28.1 OC) (John Coates R16.1.1.1 sport and education, by promoting Olympic sporting IOC, the terms of: team personnel to the Olympic Games in OC and James Tomkins R16.1.1.2 OC); and, the Chair and health, educational programmes in all levels of compliance with the OC; • the eight members of the AOC Athletes’ Commission of the AOC Athletes’ Commission (Steve Hooker) who schools, sports and physical education institutions who were elected at the Rio 2016 Olympic Games is elected by the Athletes’ Commission and an ex officio and universities, as well as by encouraging the (3) benefit from the assistance of Olympic by the members of the Australian Olympic Team member with the right to vote (cl.16 AOCC). creation of institutions dedicated to Olympic Solidarity; competing at those Games are extended by one year education, such as National Olympic Academies, The voting majority of the AOC Executive must (4) use certain Olympic properties as authorised to the Tokyo 2020 Olympic Games in 2021; and Olympic Museums and other programmes, including (and does) consist of the votes cast by the seven by the IOC and in compliance with the OC; cultural, related to the Olympic Movement; • the President, Vice-Presidents and seven Members of representatives of the NFs (7:6). The six other members (5) take part in activities led or patronised by the the Executive who were elected at the Annual General of the AOC Executive are the President, two Vice 6.5 to ensure the observance of the OC in Australia; IOC, including Regional Games; Meeting after the Rio 2016 Olympic Games on 6 May Presidents, CEO, IOC member and Chair AOC Athletes’ 6.6 to recognise the heritage, culture and contribution 2017 are extended by circa one year to the Annual Commission (R28.3 OC). It is this OC requirement that (6) belong to ANOC and ONOC; General Meeting after the Tokyo 2020 Olympic Games dictates the size of the AOC Executive. The President of our nation’s first people, and to give practical (7) formulate proposals to the IOC concerning the in 2021 in late April/early May 2022. and two Vice Presidents may be nominated by State support to the issue of indigenous reconciliation Olympic Councils (which have no voting rights) or NFs through sport; OC and the Olympic Movement, including the The AOC is governed as set out below. organisation of the Olympic Games; or both. They are not representatives of the NFs for the 6.7 to encourage the development of sport for all MANAGEMENT AND OVERSIGHT purpose of determining compliance with R28.3 OC. for the health, wellbeing and other benefits to (8) give its opinions concerning the candidatures all individuals in Australia, and in support and for the organisation of the Olympic Games; Within its framework of rules, the powers of the AOC The AOC recognises the importance of diversity in the encouragement of those objects, the development are exercised by its following organs, office bearers and composition of its Executive, particularly given that (9) participate, on request from the IOC, in the of high performance sport as the pinnacle of the Life Members: athlete membership of the AOC’s Teams is around activities of the IOC commissions; half female/half male. However, having elected (not benefits of sporting participation; 1 (10) collaborate in the preparation of Olympic AOC in General Meeting; appointed) members (excepting the CEO and IOC 6.8 to take action against any form of discrimination and Congresses; 2 AOC Executive; members who are elected by the IOC) achieving diversity violence in sport; 3 President; is in the hands of the AOC in general meeting. (11) exercise other rights as granted to the 6.9 to adopt and implement the World Anti-Doping 4 Chief Executive Officer; Committee by the OC or by the IOC; and Code; 5 Secretary; 6.17 to do all such other acts and things incidental to 6 Commissions and Committees; and the attainment of these objectives. 7 Life Members. 89 90 The AOC Executive may make such By-Laws as are • appoints the Chefs de Mission and Team Executives • ensures the significant risks facing the AOC and 18.2 The Executive member: necessary and convenient to give effect to the AOCC of the AOC’s Teams and determines the delegation the AOC’s Teams have been identified and that (1) must not be present while the matter is being and the proper conduct of Members and persons of powers, responsibilities and functions to them appropriate risk management and frameworks, considered at the meeting; and associated with the Olympic Movement in Australia, (R27.3, 27.7.2 and BL4 to R27 and 28 OC); adequate control monitoring and reporting provided however that where any such By-Laws are mechanisms are in place; (2) must not vote on the matter. • on 20 March 2017 adopted a Matrix of inconsistent with the Constitution then to the extent of Responsibilities covering each of the AOC’s teams* • approves the quadrennium and annual operating 18.3 Clauses 18.1 and 18.2 do not apply to a material such inconsistency the Constitution will prevail (cl.22.2 (cl.6.3 AOCC). The Matrix was developed with budgets and major capital expenditure of the AOC personal interest that exists only because the AOCC). management and input from the AOC Athletes’ and monitors financial performance against such Executive member is a member of the IOC or Chair As a condition of membership, all members are bound to Commission; programs and budgets; or Deputy Chair of the Athletes’ Commission. observe and comply with all By-Laws made by the AOC • appoints, and when necessary, replaces the Chief • approval for Team budgets is delegated to the 20.1 Every Executive member and Secretary must keep Executive (cl.22.2 AOCC). Executive Officer (CEO) (cl.27.1 and 27.2 AOCC); Finance Commission and their monitoring is by the the transactions, whether complete or incomplete; The current by-laws comprise the: Chef de Mission, CEO, General Manager, Games financial affairs and state of accounts; and, • approves the Nomination Criteria of NFs and the Support and Operations and CFO for reporting to information which is confidential or generated for • AOC Anti-Doping By-Law*; Selection Criteria for membership of the AOC’s the AOC Finance Commission (AOC Teams’ Matrix of internal management purposes of the Committee Teams (BL2.1 to R27 and 28 OC). • AOC National Federation Commercial Activities By- Responsibilities); confidential unless required to disclose them: Law*; On 29 August 2019 the AOC Executive adopted further • oversees the integrity of the AOC’s accounting and (1) in the course of duties as an officer of the amendments to its Nomination and Selection By-Law • AOC Ethical Behaviour By-Law*; corporate reporting systems, including the external Committee; (available on the AOC website Olympics.com.au). audit; and • National Federation Athletes’ Commission By-Law*; (2) by the Executive or the Committee in general • approves the Strategic Plans for the AOC’s Teams • approves the full-year financial statements of the meeting; or • Olympic Team Selection By-Law*. (AOC Teams Matrix of Responsibilities); AOC (3) by law. *available on the AOC website olympics.com.au • ensures that all staff and members of the AOC Executive, commissions and committees, have made (C) CONFLICTS OF INTEREST 20.2 The Executive may require an Executive member, Further to cl.6.17 and other relevant clauses of the a Statutory Declaration regarding Child Protection Members of the AOC Executive acknowledge that they Secretary, auditor, trustee committee or AOCC and rules of the OC, the AOC Executive: and Anti-Doping matters and obtained satisfactory have legal and equitable duties not to allow any sporting, commission member or other person engaged by • adopts Programs and Funding Guidelines for the “Working with Children” clearance; business or other relationships to materially interfere the Committee to sign a confidentiality undertaking AOC’s Olympic education, health and wellbeing with the exercise of their unfettered and independent consistent with this Constitution. An Executive • has adopted and regularly reviews the following initiatives and preparation of the AOC’s Olympic, judgement. In this regard, the AOCC provides as follows member or Secretary must do so if required by the policies and code: Olympic Winter, Youth Olympic, Youth Olympic in clauses: Executive. Winter and Regional Teams (the AOC’s Teams)* o AOC Privacy Policy*; 16.1 Each member of the Executive will not represent (cls.6.2 and 6.3 AOCC). (D) MEETINGS, ACCESS TO RECORDS AND o AOC Code of Conduct; any particular body or sport and will represent the INDEPENDENT ADVICE, COMPLIANCE WITH The Programs and Funding Guidelines for sports on Olympic Movement at large. o AOC Diversity Policy; BY-LAWS. the program of the 2020 Olympic Games, Tokyo 16.9 Executive members must exercise their powers for the period 1 January 2017 to 31 December o AOC Sustainability Policy; The Executive currently holds not less than four and discharge their duties with reasonable care and 2020 was adopted by the AOC Executive on 18 scheduled meetings per year. The agenda for scheduled o Child Safe Sport Commitment*; and diligence. November 2016 following consultation with the Executive meetings incorporates standing items including AOC Athletes’ Commission including on athlete o Child Safe Guidelines and Reporting*. 16.10 Executive members must exercise their powers the President’s and CEO’s reports, financial reports, transitioning, ceasing the top 5 Olympic Games and discharge their duties: commission and committee reports, strategic matters, *available on the AOC website olympics.com.au medal target for summer and any target for winter governance and compliance. Senior management may (a) in good faith in the best interests of the sports, increasing direct funding to medallists under • ensures that there are adequate internal controls be invited to attend relevant parts of Executive meetings Committee; and the AOC Medal Incentive Funding and introduction and ethical standards of behaviour and they comply when they are involved in Executive discussions. funding to NFs receiving less than $100,000 p.a. with the IOC Code of Ethics and the AOC Code (b) for a proper purpose. At the commencement of each Executive, commission from Sport Australia/Australian Institute of Sport in of Conduct for the Executive, commissions and 16.11 Executive members and former Executive and committee meeting members are asked by the Chair high performance funding. committees; members must not make improper use of: if they are aware of: Programs and Funding Guidelines for Sports on the • ensures the adoption and integrity of appropriate (a) their position; or 1. any related party transaction not previously reported Program of the 2022 Olympic Winter Games for the policies and procedures governing harassment, to the Executive; or period 1 July 2018 to 30 June 2022 was adopted discrimination, bullying and vilification (AOC Ethical (b) information acquired by virtue of holding their by the AOC Executive on 3 April 2018 following Behaviour By-Law). position 2. any matter being considered by this meeting in which financial consideration and approval by the AOC the member has a material personal interest and which • ensures the adoption and integrity of policies and Finance Commission. These Programs and Funding so as to gain an advantage for themselves or any other transaction or the nature and extent of such interest practices for recruitment, training, remuneration Guidelines are the AOC’s key strategic, budgeting person or to cause detriment to the Committee. must be disclosed to the meeting or reported or and succession planning; and that remuneration is and planning documents and on which NFs and 16.12 In addition to any duties imposed by this disclosed and addressed under the IOC Code of Ethics reasonable, competitive, equitable and for office athletes can rely in their planning. Constitution, a committee member must perform or the AOC Code of Conduct. For guidance attention bearers and senior management, fully disclosed in any other duties imposed from time to time by is drawn to an extract of the International Accounting • adopts Team Membership Agreements for athletes the Notes to the Financial Statements. It evaluates resolution at a general meeting. Standard 24 (AS24) Related Party Disclosures and the and officials for the AOC’s Teams (cl.6.3 AOCC); the performance of paid office bearers, senior relevant clauses 18.1 and 18.2 AOCC. management and consultants; 18.1 An Executive member who has a material personal interest in a matter being considered at an Executive meeting must disclose the nature and extent of that interest to the Executive.

91 92 The number of AOC Executive, commission and • an undertaking to maintain and to the extent Youth Olympic Games of Buenos Aires 2018, Youth Australia, Paralympics Australia, Commonwealth committee meetings held during 2020 and the permitted by law pay the premiums on an insurance Olympic Winter Games of Lausanne 2020, Youth Games Australia, Olympic Broadcast Rightsholder attendance record of members is set out in the Notes to policy which insures members of the AOC Executive Olympic Games of Dakar 2022, Winter Youth at an operational level and TOP and the Financial Statements. and the AOC Athletes’ Commission against liability Olympic Games of PyeongChang 2024, World Anti- national sponsors; and incurred by them as a member of the relevant body Doping Agency (Chair), and Independent Testing All members of the AOC Executive have unrestricted (c) membership of the OCLG. during their term of office and for seven years after Agency (Chair); access to the AOC’s records and information and they cease to hold office. The CEO is accountable to the AOC Executive, through receive regular financial and operational reports from (f) representing the AOC Executive and AOC in their the President management to enable them to carry out their duties. Members of the AOC Executive are also indemnified relationships with Paralympics Australia (President), against legal fees and expenses where, with the approval Olympic Broadcast Rightsholder, Seven Network The AOC Executive may, subject to the President’s of the Executive, they institute legal proceedings (Chair - the President is the IOC delegate for consent, individually or collectively obtain independent arising out of loss and damage suffered as a direct broadcast rights negotiations in Oceania), national 5 SECRETARY professional advice, at the expense of the AOC in the consequence of their membership of the AOC Executive. sponsors (Chair/Presidents) and Governments (Prime furtherance of their duties as members of the Executive. The indemnification is on the basis that the AOC is Minister and Premier level); The Secretary who is also the Legal Counsel of the AOC All members of the AOC Executive are required to reimbursed such legal fees and expenses as a first priority (cl.28.1 AOCC) performs those duties required under the (g) providing direction to the CEO and management comply with all By-Laws made by the Executive, out of any award or settlement. Act and the AOC Constitution (cl.28.2 AOCC). between meetings of the AOC Executive; including the Ethical Behaviour By-Law and the Anti- The Secretary of the AOC fulfils other management Doping By-Law. (h) ensuring efficient organisation and conduct of the responsibilities in addition to secretarial duties and in 3 PRESIDENT AOC Executive and general meetings including all respect of which she reports to the CEO. (E) HONORARY SERVICE, EXCEPTIONS, EXPENSES aspects of corporate governance; She is accountable to the AOC Executive, through AND INDEMNIFICATION The President represents the AOC and chairs each (i) guiding the agenda and conduct of the AOC in general the President, on all matters to do with the proper Members of the AOC Executive serve in an honorary meeting of the AOC and the AOC Executive (cl.25 meetings and AOC Executive meetings; functioning of the AOC Executive and corporate capacity, except for: AOCC). In the absence of the President, or under governance. his delegation, the two Vice Presidents carry out (j) reporting to the AOC Executive at each meeting • the President, to whom a consultancy fee the functions of the President (cl.26 of the AOC on significant developments within the Olympic determined by the AOC Executive is paid for his Constitution). Movement; services; 6 (k) upskilling the new members of the AOC Executive COMMISSIONS AND COMMITTEES • the CEO, who is a full-time employee of the AOC; The President is accountable to the AOC Executive. and management on the role and responsibilities and The AOC Executive may appoint commissions and The President’s role and responsibilities include: of NOCs and their functioning within the Olympic • those members of the AOC Executive appointed committees, not necessarily out of their number, and (a) providing leadership to the AOC Executive generally Movement as the AOC transitions for the retirement Chefs de Mission of the Olympic and Olympic Winter delegate to any such commissions and committees or and particularly on those of its responsibilities of the President over the current Olympiad; Teams and to whom the AOC Executive determines to a member of the AOC Executive any of its powers, described in clauses 6.1; 6.5; 6.9; 6.11; 6.12; 6.13; to pay a consultancy fee for their service as such. (l) pursuing opportunities for members of the AOC responsibilities and functions other than this power of 6.14; 6.15; 6.16 (4), (5), (6), (7), (8), (9), (10) and (11) Executive to serve on IOC Commissions and otherwise delegation or a duty imposed on the AOC by the Act or Members of the AOC Executive: of the AOCC; progress in the Olympic Movement; any other law (cl.29.1 AOCC). The delegation may be set • are reimbursed for any travel, accommodation and (b) relations with Brisbane City Council, Council out in a Charter adopted by the AOC Executive for the (m) assisting Australian candidates for executive positions commissions or committees or otherwise be in writing other justified expenses incurred in the carrying out of the Mayors of South East Queensland, the on IFs; of their functions; Commonwealth and Queensland Governments, and may be subject to such conditions and limitations as (n) providing advice to Australians on IF executives the AOC Executive considers appropriate (cl.29.2 AOCC). • may undertake professional development programs IOC and other international stakeholders (the IFs concerning issues with the IOC and generally; and Those in place during 2018 comprise(d): funded by the AOC; and and Olympic Broadcast Services) in relation to a candidature for the 2032 Olympic and Paralympic • also receive the benefits of insurances provided by (o) chairing the trustee board of the Australian (a) The Athletes’ Commission, elected at the Olympic Games (the Games); ; the AOC. Olympic Foundation (AOF), membership of the Games and Olympic Winter Games by the athletes (c) making a recommendation to the AOC Executive on AOF Investment Advisory Committee and providing who are members of the Australian Olympic Team The AOC has indemnified the members of the AOC whether to exercise its exclusive authority to approve direction to the Director of the AOF. In this role as competing at those Games (cl.9 AOCC). The Athletes’ Executive and the AOC Athletes’ Commission against all a candidature from Brisbane, Queensland to host the Chair, ensuring the maintenance of the capital of the Commission appoints their chair who is an ex officio losses or liabilities that may arise from their position as Games (NB: such a recommendation was submitted AOF and ongoing distributions to the AOC. member of the AOC Executive with the right to vote. a member of each body, except where the liability arises to and adopted by the AOC Executive on 2 January out of conduct involving a lack of good faith, criminal The Athletes’ Commission is a commission of the AOC 2020). activity or a wilful breach of employment conditions or and has no executive powers. Its purpose is to advise the relevant Codes of Conduct. Liability of the AOC is limited (d) membership (Deputy Chair) of the 2032 Olympic 4 CHIEF EXECUTIVE OFFICER (CEO) AOC Executive on all matters relating to athletes within to the maximum amount payable under the Directors’ Candidature Leadership Group (OCLG); the Olympic Movement provided that matters specific to The AOC Executive, excluding the CEO, may confer on and Officers’ Liability Insurance policy of the AOC. a sport are addressed between the NF of that sport and (e) relations at President to President level (as is the CEO such of the powers exercisable by him on such its Athletes’ Commission (cl.9.11 AOCC). The AOC has entered into Deeds of Indemnity and practice in the Olympic Movement) with the IOC, terms and conditions as they think fit (cl.27.3 of the AOC Access with all members of the AOC Executive and AOC Association of NOCs (ANOC), Oceania NOCs Constitution). (b) Eight other commissions or committees being the Athletes’ Commission. The principal provision of the (ONOC), Olympic Council of Asia (OCA), Association Team Executives, Audit and Risk Committee, Finance The CEO’s role and responsibilities include: Deeds relate to: of Summer Olympic International Federations Commission, Culture, Remuneration and Nominations (ASOIF), Association of International Winter Sports (a) day to day management and administration of the Committee, CEO Nomination Committee and • granting of the indemnity above; Federations (AIOWF), 40 Olympic International AOC; Nomination Committee for the casual vacancy on the • the provision of access to papers of the relevant Federations, other 204 NOCs, Organising AOC Executive. (b) representing the AOC Executive and AOC in their body; Committees for the Olympic Games (at President relationships with the Australian, State and Territory level) of Tokyo 2020, Paris 2024 and Los Angeles • confidentiality of information provided; and Institutes of Sport, Sport Australia, Sport Integrity 2028, Olympic Winter Games of Beijing 2022, 93 94 (c) The members of the Team Executive for the (i) The members of the Medical Commission are: The Guardians are the Life Members of the Primary 2020 Winter Youth Olympic Games in Lausanne, 7 LIFE MEMBERS Beneficiary as appointed in accordance with the AOCC. DR PETER FRICKER (CHAIR) Switzerland were: DR DAVID HUGHES The Australian Olympic Foundation (Foundation) There are currently 12 of them, namely: RAMONE COOPER DR ANIK SHAWDON was established on 16 February 1996 by Trust Deed GEOFFREY HENKE AO (Chair during Games / Chef de Mission) between Julius Lockington Patching as settlor on the DR PETER BRAUN PHILLIP COLES AM MATT CARROLL (Chair pre-Games) one part and Australian Olympic Foundation Limited MIRANDA MENASPÀ KEVAN GOSPER AO LUKE PELLEGRINI as Trustee. It was established to develop and protect the Olympic Movement in Australia in accordance with JOHN COATES AC (j) The members of the Indigenous Advisory Committee the Olympic Charter. The members and directors of (d) The members of the Team Executive for the 2020 JOHN DEVITT AM are: the Trustee are the voting members of the Executive Olympic Games in Tokyo (to be held in 2021) are: of the AOC from time to time. The AOC is the Primary SIR DONALD TRESCOWTHICK AC KBE PATRICK JOHNSON OLY IAN CHESTERMAN (Chair and Chef de Mission) Beneficiary pursuant to the Trust Deed and as at 3 April PETER MONTGOMERY AM LARA DAVENPORT OAM 2016, the sole beneficiary of the Foundation. KIM BRENNAN (Deputy Chef de Mission) MICHAEL WENDEN AM MBE PAUL FLEMING EVELYN HALLS (Deputy Chef de Mission) On 3 April 2018, the Trust Deed of the Foundation was HELEN BROWNLEE AM BRAD HORE amended, including to: SUSAN O’NEILL (Deputy Chef de Mission) RONALD HARVEY CVO AM DANNY MORSEU MATT CARROLL (CEO) (a) align the objectives of the Foundation with those of DOUG DONOGHUE AM OAM OLY the AOC under its Constitution, as amended in 2015; IAN CHESTERMAN AM (e) The members of the Team Executive for the 2022 JAMIE PITTMAN (b) limit total distributions during any four-year Olympic Winter Games in Beijing, China are: BEKI SMITH OLY Distribution Period commencing with 2021 to four The Trust Deed was established with the AOC the per cent per annum of the net asset value of the Primary Beneficiary and with Nil General Beneficiaries. IAN CHESTERMAN (Chair) NATHAN THOMAS Foundation calculated as at the first day of each All of the members of the AOC, including NFs, KYLE VANDER-KUYP OLY GEOFF LIPSHUT (Chef de Mission) Distribution Period; were excluded from the class of potential General MATT CARROLL (CEO) Beneficiaries. The roles and responsibilities of the commissions and (c) require that any decision to distribute more than 4 committees (other than Team Executive - which are per cent per annum will be subject to: On 3 April 2018, pursuant to the terms of the amended (f) The members of the Audit and Risk Committee are: Trust Deed, the Trustee of the Foundation irrevocably based on the AOC Teams’ Matrix of Responsibilities and i. ratification by a Special Majority of the members of IAN CHESTERMAN (Chair) as set out in their respective charters). These charters declared an extensive number of additional persons and the Trustee (75% of those entitled to vote); and bodies as being excluded. EVELYN HALLS are available on the AOC website olympics.com.au. They are not repeated here. ii. prior written consent of “the Required Majority of MARK ARBIB (resigned August 2020) The result of these changes means the Foundation’s Guardians” (75% of those entitled to vote); capital and ongoing distributions are secure and the MICHAEL MURPHY Each commission and committee is entitled to the resources and information it requires, including direct (d) provide that no guarantees and indemnities may be AOC is able to fund its activities independent from CATHERINE FETTELL access to employees and advisors. The CEO, senior given or security provided without the consent of Government and free of outside pressures of any kind. management members and other employees are invited “the Required Majority of Guardians” if the potential (g) The members of the Finance Commission are: to attend commission and committee meetings as liability exceeds the Maximum Sum as determined under the provisions of the Trust Deed; MATT ALLEN (Chair) appropriate. JOHN COATES Commission and committee members are chosen for the (e) require that any further amendments to the Trust Deed will require the same 75% percentage IAN CHESTERMAN skills, experience and other qualities they bring to the commissions and committees. They are proposed by the ratification by the members of the Trustee and the CRAIG CARRACHER President and appointed by the AOC Executive. same 75% percentage consent by the Guardians, MARK ARBIB again, in each case of those entitled to vote; and Minutes of meetings are tabled in full at subsequent AOC CATHERINE FETTELL Executive meetings and the subject of a verbal report by (f) provide that in addition to the concurrence of the Commission Chair in the meantime, with the exception President of the IOC, for removal and appointment of (h) The members of the Culture, Remuneration and of those of the Culture, Remuneration and Nominations a New Trustee: Nominations Committee are: Committee from which remuneration amounts are i. the members and directors of the New Trustee redacted and reported verbally, pending full disclosure CRAIG CARRACHER (Chair) must be the same members and directors as of the in the Notes to the Financial Statements in the Annual Resigning Trustee; and HELEN BROWNLEE Report. EVELYN HALLS ii. the Constitution of the New Trustee must contain Any matters determined by the commission and MICHAEL MURPHY the same provisions as the Constitution of the committees which exceed their delegated authorities Resigning Trustee. are submitted to the Executive as recommendations for decision.

95 96 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FINANCIAL FOR THE YEAR ENDED 31 DECEMBER 2020

NOTES 2020 2019 OLYMPIAD 2017 - 2020 STATEMENTS $’000 $’000 $’000 REVENUE FROM OPERATING ACTIVITIES Sponsorship and Licensing 2.2 17,674 17,754 64,833 Distribution from Australian Olympic Foundation 6,250 10,876 33,470 Fundraising Income (1,182) 3,150 4,304 Grants 2.2 2,082 1,294 5,244 Other Income 2.2 1,385 38 2,002 Net Foreign Exchange Gain/(Loss) 2.2 365 - 282 Total Revenue 26,574 33,112 110,135

EXPENSES 98 99 100 Direct Costs STATEMENT OF STATEMENT STATEMENT OF Commissions and servicing costs 2,112 1,643 6,577 PROFIT OR LOSS OF FINANCIAL CHANGES IN Marketing, promotion, media services (in-kind) 3,189 2,890 8,587 Fundraising 379 812 2,413 AND OTHER POSITION EQUITY Total Direct Costs 5,680 5,345 17,577

COMPREHENSIVE TEAMS AND SPORT OPERATIONS INCOME Olympic Teams 2.3 5,917 4,399 15,546 Other Teams 2.3 - 356 816 National Federations Funding 1,068 579 3,385 Olympic Winter Institute of Australia 931 2,709 5,671 101 102 121 Games Operations & Sports Services 1,268 1,152 4,341 STATEMENT OF NOTES TO THE EXECUTIVE’S Total Teams and Sport Operations Costs 9,184 9,195 29,760 OLYMPIANS AND ATHLETE SUPPORT CASHFLOWS FINANCIAL DECLARATION Medal Incentive Funding 2,550 2,455 7,713 STATEMENTS Olympian Services 584 397 1,465 Total Olympians and Athlete Support Costs 3,134 2,852 9,178

COMMUNITY AND OLYMPIC EDUCATION Programs 1,068 1,195 2,800 Community and Education Services 873 879 3,540 Total Community & Olympic Education Costs 1,941 2,074 6,341 122 INFORMATION TECHNOLOGY 1,388 1,827 5,417 INDEPENDENT PUBLIC AFFAIRS AND COMMUNICATIONS 1,091 1,099 4,271 AUDITOR’S BRISBANE 2032 10 118 128 REPORT SUPPORT SERVICES Corporate 3,849 3,744 14,687 Legal and dispute resolution 151 130 2,360 The activities of the Australian Olympic Committee (the Committee) fall within a four year (Olympiad) cycle ending 31 Property 2.3 815 1,009 3,867 December of the year in which the are held. Whilst the most recent summer Olympic Games Financing costs 2.3 269 233 830 has been postponed to 2021 due to the COVID-19 pandemic, for reporting purposes the current Olympiad remains as Net foreign exchange loss 2.3 - 49 - ending on 31 December 2020. Total Support Services Costs 5,084 5,165 21,744 The financial activities of the Committee follow this Olympiad cycle with sponsorship and program expenditure being TOTAL EXPENDITURE 27,512 27,675 94,416 determined over a four year period. The Committee is a non- profit entity and revenues are expended on programs to support stakeholders of the Committee. (Deficit)/Surplus from Operating Activities (938) 5,437 15,719 The Committee sources its revenue primarily through sponsorship and fundraising activities and grants from the Settlement on the Australian Olympic Foundation - (5,437) (8,960) International Olympic Committee. (Deficit)/Surplus before income tax (938) - 6,759 The Committee also receives distributions from the Australian Olympic Foundation as primary beneficiary of that Trust. Net income tax expense 2.4 - - From time to time, assets of the Committee deemed surplus to immediate requirements are settled on to the Australian Net (deficit)/surplus after income tax expense (938) - 6,759 Olympic Foundation. Total comprehensive (deficit)/surplus for the year (938) - 6,759 The above statement of profit or loss and comprehensive income should be read in conjunction with the accompanying notes. 97 98 STATEMENT OF FINANCIAL POSITION STATEMENT OF CHANGES IN EQUITY AS AT 31 DECEMBER 2020 FOR THE YEAR ENDED 31 DECEMBER 2020

NOTES 2020 2019 NOTES ACCUMULATED FUNDS TOTAL $’000 $’000 $’000 $’000 ASSETS Balance at 1 January 2019 7,723 7,723 Current assets Total comprehensive loss for the year Cash and cash equivalents 3.1 5,624 4,277 Surplus for the year after income tax - - Trade and other receivables 3.2 517 6,168 Total comprehensive loss for the year - - Contract Assets 3.2 9,628 26,243 Balance at 31 December 2019 7.723 7.723 Deferred expenditure 3.3 717 1,581 Other current assets 3.4 251 191 Balance at 1 January 2020 7,723 7,723 Total current assets 16,737 38,460 Total comprehensive loss for the year Deficit for the year after income tax (938) (938) NON-CURRENT ASSETS Contract Assets 3.2 20,398 31,397 Total comprehensive loss for the year (938) (938) Property, plant and equipment 3.5 738 883 Balance at 31 December 2020 6,785 6,785 Right-of-use asset 3.6 2,173 2,720 Deferred expenditure 3.3 2,334 3,806 Other non current assets 3.4 106 - Total non-current assets 25,749 38,806 Total assets 42,486 77,266

LIABILITIES Current liabilities Trade and other payables 3.7 4,255 6,895 Contract Liabilities 3.8 6,475 18,676 Deferred income 3.9 843 1,243 Lease liability 3.6 617 582 Provisions 3.10 341 350 Total current liabilities 12,531 27,746

Non-current liabilities Trade and other payables 3.7 2,444 7,357 Contract Liabilities 3.8 18,562 31,642 Deferred income 3.9 71 93 Lease liability 3.6 2,043 2,634 Provisions 3.10 50 71 Total non-current liabilities 23,170 41,797 Total liabilities 35,701 69,543 Net assets 6,785 7,723

EQUITY Net accumulated funds 4.1 6,785 7,723 Total equity 6,785 7,723

The above statement of financial position should be read in conjunction with the accompanying notes. The above statement of changes in equity should be read in conjunction with the accompanying notes. 99 100 STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR THE YEAR ENDED 31 DECEMBER 2020

NOTES 2020 2019 1.2 BASIS OF PREPARATION $’000 $’000 SECTION 1   The financial statements of the Committee as at and for CASH FLOWS FROM OPERATING ACTIVITIES BASIS OF PREPARATION the year ended 31 December 2020 have been prepared Receipts from organisations 21,576 30,798 In preparing the 2020 financial statements, the for distribution to the members of the Committee to Payments to organisations and employees (20,030) (27,801) Australian Olympic Committee (‘the Committee’) has fulfil the Executive’s financial reporting requirements Interest received - 3 grouped notes into sections under five key categories: under the Associations Incorporation Reform Act 2012 Net payments of good and services tax 647 (132) of Victoria and the Constitution. 1 Basis of preparation Borrowing costs paid (122) (121) The financial statements for the year ended Net cash from operating activities 3.1 2,071 2,747 2 Results for the year 31 December 2020 were authorised for issue in 3 accordance with a resolution of the Executive on CASH FLOWS FROM INVESTING ACTIVITIES Balance sheet disclosures 26 March 2021. Acquisition of plant and equipment 3.5 (66) (63) 4 Equity The Committee prepares and presents financial Net cash used in investing activities (66) (63) 5 Other disclosures statements on an annual basis. However, the CASH FLOWS FROM FINANCING ACTIVITIES Significant accounting policies specific to one note are Committee’s activities fall within a quadrennial cycle Repayment of borrowings - (2,500) included within that note and where possible, wording ending on 31 December of the year in which the Repayment of lease liabilities (658) (16) has been simplified to provide clearer commentary on summer Olympic Games are held. Whilst the most the financial report of the Committee. Accounting Net cash used in financing activities (658) (2,516) recent summer Olympic Games has been postponed to policies determined non-significant are not included in 2021 due to the COVID-19 pandemic, for reporting NET INCREASE IN CASH AND CASH EQUIVALENTS 1,347 168 the financial statements. There have been no changes purposes the current Olympiad remains as ending on Cash and cash equivalents at 1 January 4,277 4,109 to the Committee’s accounting policies that are no 31 December 2020. longer disclosed in the financial statements. Cash and cash equivalents at 31 December 3.1 5,624 4,277 The members neither hold equity in, nor are financial lenders to, the Committee and their membership is pursuant to the Olympic Charter and the Constitution. 1.1 GENERAL INFORMATION The Committee is an Association incorporated under the The financial statements are general purpose reduced Associations Incorporation Reform Act, 2012 of Victoria disclosure requirements financial statements which: and is domiciled in Australia. • have been prepared in accordance with the The Executives of the Committee (‘the Executive’) requirements of the Australian Accounting Standards are elected in accordance with the Constitution of the Reduced Disclosure Requirements and other Committee (‘The Constitution’). authoritative pronouncements of the Accounting Standards Board (“AASB”); The voting members of the Executive are also members of the Board of the Australian Olympic • are presented in Australian Dollars, being the Foundation Limited. Committee’s functional currency; The principal place of business is Suite 402, Level 4, • adopt all new and revised Australian Accounting 140 George Street, Sydney NSW 2000. Standards and Interpretations issued by the AASB that are relevant to the operations of the Committee The nature of the operations and principal activities of and effective for reporting periods beginning on or the Committee are to operate, develop and protect the after 1 January 2020. Refer to note 1.6 below for Olympic Movement in Australia in accordance with the further details; Olympic Charter, its Constitution and all applicable laws. • the financial statements, except for cash flow The objects of the Committee include: information, have been prepared on an accrual basis (i) To develop, promote and protect the principles of and are based on historical costs, modified, where Olympism and the Olympic Movement in Australia; applicable, by the measurement at fair value of selected non-current assets, financial assets and (ii) To promote, raise awareness of and encourage financial liabilities; and participation in sport for benefits of health, fitness and wellbeing; and • have not early adopted any Australian Accounting Standards and Interpretations that have been issued (iii) In support of the above objects, to effect its or amended but not yet effective. Refer to note 1.6 exclusive authority for the representation and for further details. participation by Australia at the Olympic Games, Olympic Winter Games, Youth Olympic Games The financial statements incorporate the financial and at Regional Games. statements of the Committee up to 31 December each year.

The above statement of cash flows should be read in conjunction with the accompanying notes. 101 102 • AASB 101 Presentation of Financial Statements 1.3 GOING CONCERN and AASB108 Accounting Policies, Changes in 1.9 FAIR VALUE MEASUREMENT 1.10 IMPAIRMENT The financial statements have been prepared on a Accounting Estimates and Errors (Amendment – A number of assets and liabilities included in the NON-FINANCIAL ASSETS definition of material); going concern basis which contemplates continuity of Committee’s financial statements require measurement At each reporting date, the Committee reviews the normal business activities and realisation of assets and • Revised Conceptual Framework for Reporting. at, and/or disclosure of fair value. The fair value is based carrying amount of its non-financial assets, mainly plant settlement of liabilities in the normal course of business. on the price that would be received to sell an asset or and equipment, to determine whether there is any The Committee is still determining the financial impact of paid to transfer a liability in an orderly transaction During 2021, the Committee will meet its day to day indication of impairment. If any such indication exists, the above standard and a more detailed assessment will between market participants at the measurement date; working capital requirements through a cash advance then the asset’s recoverable amount is estimated. be made over the next 12 months. and assumes that the transaction will take place. facility and bank overdraft facility, guaranteed by the The recoverable amount of an asset is the greater of Foundation. The Committee has prepared projected 1.7 FOREIGN CURRENCIES The fair value measurement of the Committee’s financial its value in use and its fair value less costs of disposal. cash flow information for the year ending 31 December  and non-financial assets and liabilities utilises relevant Value in use is based on the estimated future cash flows, 2021. On the basis of this information, the Executive The primary economic environment in which the market observable inputs. Inputs used in determining fair discounted to their present value using a pre-tax considers that the Committee will continue to operate Committee operates is Australia. The financial statements value measurements are categorised into different levels discount rate that reflects current market assessments within these facilities ($10 million cash advance plus are therefore presented in Australian Dollars. based on how observable the inputs used in the valuation of the time value of money and the risks specific to the $1 million overdraft and $0.3m corporate card) until technique utilised are (the ‘fair value hierarchy’). Transactions in foreign currencies are initially recorded asset or cash generating unit. expiry on 31 May 2022, when an extension to meet the Classifications are reviewed each reporting date and in Australian Dollars at the exchange rate on that day. needs of the forthcoming period will be considered. transfers between levels are determined based on a An impairment loss is recognised if the carrying amount Foreign currency monetary assets and liabilities are reassessment of the lowest level input that is significant of an asset exceeds its recoverable amount. Impairment Budgets for the 2024 Olympiad have again been translated into Australian Dollars at the year-end to the fair value measurement. losses are recognised in profit or loss in the period they prepared and based on these and the continued exchange rate. Where there is a movement in the occur. expected support of the Foundation, the Executive exchange rate between the date of the transaction For recurring and non-recurring fair value measurements, believes it is appropriate to adopt the going concern and the year end, a foreign exchange gain or loss may external valuers may be used when internal expertise ACCOUNTING JUDGEMENTS AND ESTIMATES basis in the preparation of these financial statements. arise. Any such differences are recognised in the is either not available or when the valuation is deemed statement of profit or loss and other comprehensive to be significant. External valuers are selected based 1.4 ROUNDING income. Non-monetary assets and liabilities measured on market knowledge and reputation. Where there is a IMPAIRMENT OF NON-FINANCIAL ASSETS  at historical cost are translated into Australian Dollars at significant change in fair value of an asset or liability from Goodwill and other intangible assets that have an The Committee has rounded off amounts in these the exchange rate on the date of the transaction. one period to another, an analysis is undertaken, which indefinite useful life are not subject to amortisation financial statements to the nearest thousand dollars includes a verification of the major inputs applied in the and are tested annually for impairment, or more ($’000), except where indicated. frequently if events or changes in circumstances 1.8 ACCOUNTING JUDGEMENTS latest valuation and a comparison, where applicable, with external sources of data. indicate that they might be impaired. Other AND ESTIMATES non-financial assets are reviewed for impairment 1.5 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES The preparation of the financial statements requires ACCOUNTING JUDGEMENTS AND ESTIMATES whenever events or changes in circumstances management to make judgements, estimates and indicate that the carrying amount may not be In the year ended 31 December 2020, the Committee assumptions that affect the reported amounts in the recoverable. An impairment loss is recognised for FAIR VALUE MEASUREMENT HIERARCHY reviewed its’ accounting policies and all new and revised financial statements. Management continually evaluates the amount by which the asset’s carrying amount The Committee is required to classify all assets and Standards and Interpretations issued by the AASB that its judgements and estimates in relation to assets, exceeds its recoverable amount. liabilities, measured at fair value, using a three-level are relevant to its operations and effective for the annual liabilities, contingent liabilities, revenue and expenses. hierarchy, based on the lowest level of input that Recoverable amount is the higher of an asset’s reporting periods beginning on or after 1 January 2020. Management bases its judgements, estimates and is significant to the entire fair value measurement, fair value less costs of disposal and value-in-use. There were no material new standards impacting the assumptions on historical experience and on other being: The value-in-use is the present value of the Committee that have been adopted from 1 January various factors, including expectations of future events, • Level 1: Quoted prices in active markets for estimated future cash flows relating to the asset 2020. management believes to be reasonable under the identical items (unadjusted); using a pre-tax discount rate specific to the asset or circumstances. The resulting accounting judgements and • Level 2: Observable direct or indirect inputs other cash-generating unit to which the asset belongs. 1.6 NEW ACCOUNTING STANDARDS estimates will seldom equal the related actual results. than Level 1 inputs; and Assets that do not have independent cash flows are AND INTERPRETATIONS NOT Information about judgements made in applying YET ADOPTED • Level 3: Unobservable inputs (i.e. not derived from grouped together to form a cash-generating unit. accounting policies that have the most significant effects market data). There are a number of standards, amendments to on the amounts recognised in the financial statements standards and interpretations which have been issued by and information about assumptions and estimation Considerable judgement is required to determine the AASB that are effective for future accounting periods uncertainties that have a significant risk of resulting in what is significant to fair value and therefore which that the Committee has decided not to early adopt. material adjustment are included in the following notes: category the asset or liability is placed in can be The most significant of these are: subjective. • Note 1.9 Fair value measurement • AASB 2018-1 Annual Improvements to IFRS The fair value of assets and liabilities classified as • Notes 1.10 Impairment Standards 2015 – 2017 Cycle - effective for the level 3 is determined using valuation models. Committee on 1 January 2020. The amendments • Note 3.5 Property, plant and equipment These include discounted cash flow analysis or the clarify certain requirements in a number of use of observable inputs that require significant • Employee benefits Standards, the most applicable to the Committee Note 3.11 adjustments based on unobservable inputs. being AASB 123 Borrowing Costs - borrowings eligible for capitalisation;

103 104 At inception of the contract, the full transaction price is FUNDRAISING SECTION 2  recognised as a Contract Asset and a corresponding FINANCE COSTS Contract Liability. Contract Assets are reduced over Fundraising revenue pertaining to events is Finance costs attributable to qualifying assets are RESULTS FOR THE YEAR time via the invoicing of cash and value in kind recognised once the event has been delivered and capitalised as part of the asset. All other finance there are no further obligations to the customers. This section focuses on the results and performance of instalments due under the terms of the sponsorship costs are expensed in the period in which they are Fundraising revenue from donations is recognised at the Committee, with disclosures including segmental contract. There is no discounting of Contract Assets. incurred, including: time of receipt as there is no contractual relationship information, components of the operating surplus or Contract Liabilities are reduced over time via the • Interest on short-term and long-term borrowings; with or corresponding obligation to donors. deficit and taxation. recognition of sponsorship revenue evenly over the • Interest on leases; and term of the contract. which is reduced evenly over the NET FOREIGN EXCHANGE GAIN • Unwinding of the discount on provisions 2.1 OPERATING SEGMENTS contract term. Net gain on derivative instruments at fair value through  NET FOREIGN EXCHANGE LOSS LICENSING profit or loss relates to foreign exchange forward Net loss on derivative instruments at fair value INFORMATION ABOUT REPORTABLE SEGMENTS Licensing revenue is recognised at a point in time upon contracts that did not qualify for hedge accounting and through profit or loss relates to foreign exchange The Committee has identified its operating segments receipt of the royalty from the licensee due from the embedded derivatives which have been separated. forward contracts that did not qualify for hedge on the internal reports that are reviewed and used sale of goods on which the Committee’s marks are accounting and embedded derivatives which have by the Executive (chief operating decision makers) in applied. A minimum guaranteed royalty is at times 2020 2019 been separated. assessing performance and determining the allocation of negotiated. $’000 $’000 resources. For licensing arrangements, the transaction price is SPONSORSHIP AND LICENSING NOTES 2020 2019 The Committee currently operates one segment, that is recognised as the royalty payable by the licensee at the Sponsorship 17,526 17,594 the support of athletes predominately in Australia. agreed rate. The transaction price is allocated to the $’000 $’000 Licensing 148 160 period in which the royalty is reported and payable by DEFICIT BEFORE INCOME TAX INCLUDES THE Unless otherwise stated, all amounts reported to the the licensee. Total 17,674 17,754 FOLLOWING SPECIFIC EXPENSES: Executive as the chief decision maker with respect to TIMING OF TRANSFER OF REVENUE operations, are determined in accordance with AASB 8 GRANTS TEAMS Over time 17,501 17,594 Operating Segments. Grants revenue is recognised once all obligations Olympic Teams attributable to receipt of the grant have been Point in time 173 160 There have been no changes to the basis of Summer 2020 - Tokyo 5,533 4,127 performed. Total 17,674 17,754 segmentation or the measurement basis for the segment Summer 2024 - Paris 11 26 profit or loss during the year ended 31 December 2020. INTEREST GRANTS Winter 2022 - Beijing 150 20 Interest revenue is recognised as interest accrues International Olympic Committee 9 7 Winter Youth 223 226 using the effective interest method. This is a method Olympic Solidarity 823 637 2020 – Lausanne 2.2 REVENUE FROM CONTRACTS of calculating the amortised cost of a financial asset Organising Committees of the Olympic Games 90 - Total Olympic Teams WITH CUSTOMERS and allocating the interest income over the relevant 5,917 4,399 Oceania National Olympic Committee 458 18 costs The Committee adopted AASB 15 Revenue from period using the effective interest rate, which is the rate Contracts with Customers on 1 January 2018 using that exactly discounts estimated future cash receipts State Government and Statutory bodies 702 632 Other Teams ANOC Beach Games the full retrospective approach. through the expected life of the financial asset to the Total 2,082 1,294 - 109 net carrying amount of the financial asset. 2019 – Doha The Committee’s revenue consists mainly of revenues OTHER INCOME Pacific Games - 247 from sponsorship and licensing, through which various JOBKEEPER JobKeeper 1,248 - 2019 – Samoa rights and benefits are conferred on a sponsor in return The Government introduced the JobKeeper Payment Interest - 2 Total Other Teams Costs - 356 for cash or value-in-kind consideration. These scheme (JobKeeper) to support businesses Other revenue 137 36 arrangements are governed by standard contracts significantly affected by COVID-19. JobKeeper is PROPERTY Total 1,385 38 Right-of-use asset executed between the parties. available to eligible employers to enable them to pay 572 574 amortisation their eligible employee’s salary or wages. Eligible NET FOREIGN EXCHANGE GAIN ACCOUNTING POLICY Depreciation 197 207 employers are reimbursed a fixed amount per fortnight Derivative instruments at fair value 219 - for each eligible employee from 30 March 2020. Loss on disposal of assets 14 - SPONSORSHIP Operational transactions 146 - Employers are required to pay eligible employees Other 32 228 Sponsorship revenue is recognised over time on a Total 365 - pro-rata basis evenly over the term of the relevant a minimum pre-tax amount per fortnight to claim Total Property Costs 815 1,009 JobKeeper. This is paid to the employer in arrears each sponsorship contract as the rights supplied are FINANCING COSTS month by the Australian Taxation Office (ATO). 2.3 available for use by the sponsor evenly throughout EXPENSES Bank loans and overdrafts 195 146 the contract term. Consideration is payable by the If employers do not continue to pay their employees Interest on lease liabilities 3.6 74 87 sponsor regardless of or not they exercise their for each pay period, they cease to qualify for ACCOUNTING POLICY rights. JobKeeper. Total Financing Costs 269 233 JobKeeper is accounted for in line with AASB 1058 TEAMS For contracts with cash consideration, the NET FOREIGN EXCHANGE (GAIN)/LOSS Income of Not-for-Profit Entities. Expenditure for Olympic and other teams is transaction price recognised is the sum of the total Bank loans and overdrafts - 48 recognised in the period incurred. cash payments due from the sponsor over the term OTHER REVENUE Interest on lease liabilities - 1 of the contract. For contracts with value-in-kind Other revenue is recognised when it is received or Total Financing Costs - 49 consideration, the transaction price recognised is the when the right to receive payment is established. market value of the goods or services to be supplied. 2.4 INCOME TAX EXPENSE The Committee is exempt from Australian income tax.

105 106 SECTION 3 3.2 TRADE AND OTHER RECEIVABLES 3.3 DEFERRED EXPENDITURE 3.5 PROPERTY, PLANT AND  EQUIPMENT ACCOUNTING POLICY ACCOUNTING POLICY BALANCE SHEET DISCLOSURES ACCOUNTING POLICY This section focuses on the financial position of the Trade receivables generally have 30 – 90 day terms. DEFERRED COMMISSIONS EXPENSE Committee, with disclosures including components of The Committee applies the AASB 9 simplified The costs of commissions payable to agents for Each class of property, plant and equipment is assets and liabilities. approach to measuring expected credit loss using the securing of Contract Assets are recognised carried at cost or fair value as indicated less, where a lifetime expected credit loss provision for trade as deferred expenditure. Deferred commissions applicable, any accumulated depreciation and receivables and contract assets. To measure expense are amortised in line with the allocation of impairment losses. 3.1 CASH AND CASH EQUIVALENTS expected credit losses on a collective basis, trade  the transaction price to the statement of profit or Plant and equipment is stated at historical cost receivables and contract assets are grouped based loss and other comprehensive income (refer Note less accumulated depreciation and impairment. ACCOUNTING POLICY on similar credit risk and aging. The contract 3.8). Historical cost includes expenditure that is directly assets have similar risk characteristics to the trade attributable to the acquisition of the items. Cash and short term deposits in the statement of receivables. financial position comprise of cash on hand and The depreciable amount of all fixed assets, including The expected loss rates are based on the 2020 2019 in banks, and money market investments readily buildings and capitalised lease assets but excluding Committee’s historical credit losses experienced, $’000 $’000 convertible to cash within three months or less and freehold land, is depreciated on a straight line adjusted for current and forward looking DEFERRED EXPENDITURE CURRENT which are subject to an insignificant risk of changes basis over the asset’s useful life to the Committee information on macroeconomic factors affecting Deferred commissions expense 717 1,581 in value. commencing from the time the asset is held ready the Committee’s customers. Total 717 1,581 For the purposes of the statement of cash flows, for use. The effective interest rate method is the rate cash and cash equivalents consist of cash and cash DEFERRED EXPENDITURE NON-CURRENT The depreciation rates used for each class of that exactly discounts estimated future cash equivalents as defined above, net of outstanding Deferred commissions expense 2,334 3,806 depreciable assets are: receipts through the expected life of the financial bank overdrafts. Total 2,334 3,806 instrument to the net carrying amount of the 33% COMPUTER NETWORK AND EQUIPMENT financial asset. 10% FURNITURE 2020 2019 $’000 $’000 8 - 16% LEASEHOLD IMPROVEMENTS 3.4 OTHER ASSETS Cash at Bank 5,624 4,277 2020 2019 24% OFFICE EQUIPMENT $’000 $’000 5,624 4,277 2020 2019 An item of plant and equipment is derecognised TRADE AND OTHER RECEIVABLES (CURRENT) $’000 $’000 The above figures are reconciled to cash and cash equivalents upon disposal or when no further future economic Trade debtors 116 1,379 at the end of the financial year as shown in the statement of CURRENT benefits are expected from its use, or disposal. cash flows. Australian Olympic Foundation - 4,626 Prepayments 133 186 The residual values, useful lives and depreciation RECONCILIATION OF LOSS AFTER TAX TO NET CASH Other receivables 401 163 Refundable deposits 5 5 methods are reviewed, and adjusted if appropriate, FROM OPERATING ACTIVITIES Total 517 6,168 Financial assets 113 - Surplus/(Deficit) after income tax at each reporting date. (938) - Total 251 191 expense for year Contract Assets Adjustments for Total Contract Assets NON CURRENT 2020 2019 $’000 $’000 Depreciation and amortisation 769 782 Opening balance 57,640 67,184 Financial assets 106 - Contracts inception/(Amendments) Computer network and equipment Interest on lease liability 74 87 (8,027) 9,322 Total 106 - 170 131 for year at cost Loss on write-off of assets 14 - Accumulated depreciation - computer Instalments invoiced (19,587) (18,866) (74) (57) Change in operating assets and network and equipment liabilities Total 30,026 57,640 96 74 Trade and other receivables 5,651 (4,593) Contract Assets – current 9,628 26,243 Other assets 27,449 9,353 (instalments due within 1 year) Furniture at cost 15 15 Contract Assets – non current Accumulated depreciation - furniture (2) (1) Deferred expenditure 2,337 338 20,398 31,397 (instalments due after 1 year) Trade payables (7,553) (4,006) 13 14 Total 30,026 57,640 Provisions (29) (91) Office equipment at cost 11 14 Deferred income (25,703) 877 Accumulated depreciation - office (11) (11) Net cash from operating activities 2,071 2,747 equipment - 3

Leasehold improvements at cost 1,210 1,246 Accumulated depreciation – leasehold (581) (454) improvements 629 792 Total property, plant and equipment 738 883

107 108 PROPERTY, PLANT AND EQUIPMENT RECONCILIATION ACCOUNTING POLICY Reconciliations of the written down values at the beginning and end of the current and previous financial year are set out below: AS A LESSEE The Committee recognises a right-of-use asset and a lease liability at the lease commencement date. COMPUTER NETWORK OFFICE LEASEHOLD The right-of-use asset is initially measured at cost which comprises the initial amount of the lease liability AND EQUIPMENT FURNITURE EQUIPMENT IMPROVEMENTS TOTAL adjusted for any lease payments made at or before the commencement date plus any initial direct costs incurred $’000 $’000 $’000 $’000 $’000 and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or Balance 1 January 2019 94 13 39 929 1,075 the site on which it is located, less any lease incentives received Additions 40 2 5 16 63 Disposals (10) - (37) (1) (48) The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated Depreciation expense (50) (1) (4) (152) (207) useful lives of right-of-use assets are determined on the same basis as those of property and equipment. In Balance as at 31 December 2019 74 14 3 792 883 addition, the right-of-use asset is periodically reduced by impairment losses if any and adjusted for certain remeasurements of the lease liability. COMPUTER NETWORK OFFICE LEASEHOLD AND EQUIPMENT FURNITURE EQUIPMENT IMPROVEMENTS TOTAL The lease liability is initially measured at the present value of the lease payments that are not paid at the $’000 $’000 $’000 $’000 $’000 commencement date, discounted using the interest rate implicit in the lease or if that rate cannot be readily Balance 1 January 2020 74 14 3 792 883 determined the Committee’s incremental borrowing rate. Generally, the Committee uses its incremental borrowing rate as the discount rate. Additions 66 - - - 66 Disposals (2) - - (12) (14) The lease liability is measured at amortised cost using the effective interest method. It is remeasured when Depreciation expense (42) (1) (3) (151) (198) there is change in future lease payments arising from a change in an index or rate, if there is a change in the Committee’s estimate of the amount expected to be payable under a residual value guarantee or if the Balance as at 31 December 2020 96 13 - 629 738 Committee changes its assessment of whether it will exercise a purchase, extension or termination option. ACCOUNTING JUDGEMENTS AND ESTIMATES When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in the profit or loss if the carrying amount of the right-of-use asset has ESTIMATION OF USEFUL LIVES OF ASSETS been reduced to nil. The Committee determines the estimated useful lives and related depreciation and amortisation charges for its property, plant and equipment and finite life intangible assets. The useful lives could change significantly as The Committee’s leases include buildings, office equipment and motor vehicles. The information about leases for a result of technical innovations or some other event. The depreciation and amortisation charge will increase which the Committee is a lessee is presented below: where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. 2020 2019 $’000 $’000 RIGHT-OF-USE ASSET 3.6 LEASES Opening balance at 1 January 2,720 3,125 Additions/adjustments 25 169 The Committee adopted AASB 16 Leases (AASB 16) using the full retrospective approach on 1 January 2019. Amortisation for the year (572) (574) ACCOUNTING POLICY Balance as at 31 December 2,173 2,720

LEASE LIABILITY - DISCOUNTED CASHFLOWS At inception of a contract, the Committee assesses whether a contract is, or contains a lease. A contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in Current 617 582 exchange for consideration. To assess whether a contract conveys the right to control the use of an identified Non-current 2,043 2,634 asset the Committee assesses whether: Balance as at 31 December 2,660 3,216 • The contract involves the use of an identified assets-this may be specified explicitly or implicitly and should be LEASE LIABILITY - 3 physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified; Maturity analysis – contractual undiscounted cashflows • The Committee has the right to obtain substantially all of the economic benefits from use of the asset Less than one year 674 657 throughout the period of use: and One to five years 2,130 2,610 • The Committee has the right to direct the use of the asset. The Committee has the right when it has the More than five years - 171 decision-making rights that are most relevant to changing how and for what purpose the asset is used. Total undiscounted lease liabilities as at 31 December 2,804 3,438

The above approach will be applied to contracts entered into or changed on or after 1 July 2017. Previously the AMOUNTS RECOGNISED IN PROFIT OR LOSS Committee determined at contract inception whether an arrangement is or contains a lease under IFRIC 4. Interest on lease liabilities (note 2.3) 74 87 The Committee has elected to apply the practical expedient to grandfather the assessment of which transactions 74 87 are leases. Contracts that were not identified as leases under AASB 117 and IFRIC 4 were not reassessed for whether there is a lease. For contracts entered into before 1 July 2017, the Committee determined whether the AMOUNTS RECOGNISED IN STATEMENT OF CASH FLOWS arrangement was or contained a lease based on the substance of the arrangement and an assessment of whether Total cash outflow/(inflow) for leases 657 16 the fulfilment of the arrangement was dependent on the use of a specific asset or assets and the arrangement 657 16 conveyed a right to use the asset.

109 110 3.7 TRADE CREDITORS AND OTHER CREDITORS 3.9 DEFERRED INCOME ACCOUNTING POLICY ACCOUNTING POLICY

Trade and other payables represent the liabilities for goods and services received by the Committee that remain Grants are recognised as deferred income and reversed over time to the statement of profit or loss and other unpaid at the end of the reporting period. The balance is recognised as a current liability with the amounts comprehensive income in accordance with achievement of performance obligations. normally paid within 30 days of recognition of the liability. Fundraising receipts (excluding donations) for events yet to be completed are recognised as deferred income and The costs of commissions payable (but not yet due) to agents for the securing of Contract Assets are recognised over time to the statement of profit or loss and other comprehensive income in the period of event completion. as other payables

2020 2019 2020 2019 $’000 $’000 $’000 $’000 CURRENT DEFERRED INCOME (CURRENT) Trade payables 2,191 877 Grants 821 1,196 Commissions payable 717 - Fundraising - 25 Settlement to Australian Olympic Foundation - 4,366 Other 22 22 State Olympic Councils 718 809 843 1,243 Other payables and accruals 629 843 DEFERRED INCOME (NON-CURRENT) 4,255 6,895 Deferred income (future quads) 71 93 NON-CURRENT Balance as at 31 December 71 93 Commissions payable 2,444 7,357 2,444 7,357 3.10 PROVISIONS 3.8 CONTRACT LIABILITIES 2020 2019 $’000 $’000 ACCOUNTING POLICY CURRENT Employee benefits 341 350 Contract Liabilities are recognised at inception of sponsorship contracts. The full transaction price of the contract is recognised as a contract liability that is reversed over time by the allocation of transaction price to 341 350 the statement of profit or loss and other comprehensive income on a pro-rata basis evenly over the term of the NON CURRENT relevant sponsorship contract as the rights supplied are available for use by the sponsor evenly throughout the Employee benefits 50 23 contract term. (Refer Note 2.2) Other - 48 Balance as at 31 December 50 71 2020 2019 $’000 $’000 TOTAL CONTRACT LIABILITIES Opening balance 50,318 58,590 Contracts inception/(amendments) for year (8,028) 9,322 Income recognition (17,253) (17,594) 25,037 50,318

Contract Liabilities – current (revenue recognised within 1 year) 6,475 18,676 Contract Liabilities – non current (revenue recognised after 1 year) 18,562 31,642 25,037 50,318

111 112 3.11 EMPLOYEE BENEFITS  SECTION 4  ACCOUNTING POLICY EQUITY This section focuses on the equity position of the Committee, with disclosures including net accumulated funds. SHORT-TERM EMPLOYEE BENEFITS Provision is made for the Committee’s obligation for short-term employee benefits. Short-term employee benefits are benefits (other than termination benefits) that are expected to be settled wholly before 12 months 4.1 after the end of the annual reporting period in which the employees render the related service, including salaries ACCUMULATED FUNDS and annual leave. Short-term employee benefits are measured at the (undiscounted) amounts expected to be 2020 2019 paid when the obligation is settled. $’000 $’000 The Committee’s obligations for short-term employee benefits are recognised as a separate line item under Surplus / (accumulated loss) at the beginning of the financial year 7,723 7,723 current provisions in the statement of financial position. Surplus / (loss) after income tax expense for the year (938) - OTHER LONG-TERM EMPLOYEE BENEFITS Surplus / (accumulated loss) at the end of the financial year 6,785 7,723 Provision is made for employees’ long service leave entitlements not expected to be settled wholly within 12 months after the end of the annual reporting period in which the employees render the related service. Other long-term employee benefits are measured at the present value of the expected future payments to be made to employees. Expected future payments incorporate anticipated future wage and salary levels, durations of service and employee departures and are discounted at rates determined by reference to market yields at the SECTION 5  end of the reporting period on government bonds that have maturity dates that approximate the terms of the obligations. Upon the remeasurement of obligations for other long-term employee benefits, the net change in OTHER DISCLOSURES the obligation is recognised in profit or loss as a part of employee benefits expense. The Committee’s obligations for long-term employee benefits are presented as non-current provisions in its 5.1 KEY MANAGEMENT PERSONNEL DISCLOSURES statement of financial position, except where the Committee does not have an unconditional right to defer (A) COMPENSATION OF KEY MANAGEMENT PERSONNEL settlement for at least 12 months after the end of the reporting period, in which case the obligations are presented as current provisions. The aggregate compensation made to the Executive and other members of key management personnel of the Committee is set out below

2020 2019 2020 2019 $’000 $’000 $’000 $’000 Short-term employee benefits 2,940 2,942 EMPLOYEE BENEFITS Post-employment benefits 163 161 Annual leave 187 212 3,103 3,103 Provision for long service leave 204 161 391 373 A Culture, Remuneration and Nominations Committee reviews and determines on behalf of the Executive, the remuneration of the President (if any), Chief Executive Officer (‘CEO’), other senior management and senior consultants. Its role includes responsibility for the content of contracts, superannuation entitlements, any senior level 3.12 dismissal or involuntary terminations, retirement and termination entitlements, any allowances, fringe benefit policies INTEREST BEARING LIABILITIES AND BORROWINGS and professional indemnity and liability insurance policies. ACCOUNTING POLICY Remuneration shall be reasonable, competitive and equitable so as to attract, retain and motivate high calibre management and consultants. It shall relate to individual performance and also that of the Committee. All liabilities and borrowings are initially recognised at cost, being the fair value of the consideration received net The Culture Remuneration and Nominations Committee Charter is available on the Committee’s website of issue costs associated with the borrowings. olympics.com.au. After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost Any remuneration of the Olympic Team Executive members is reported in the notes to these Financial Statements. using the effective interest rate method. Amortised cost is calculated by taking into account any issue costs and any discount or premium on settlement. Gains or losses are recognised in the statement of comprehensive income when the liabilities are derecognised and as well as through the amortisation process. Loans and borrowings are classified as current liabilities, unless the Committee has an unconditional right to defer settlement of the liability, where maturity is less than 12 months.

FINANCING ARRANGEMENTS: At 31 December 2020 and 2019 the Committee had unrestricted access to an existing $1 million overdraft facility and a $11 million cash advance facility with Westpac, of which $0 had be drawn down.

113 114 SHORT TERM POST EMPLOYMENT (B) MEETINGS OF THE EXECUTIVE SALARY & MOTOR VEHICLE SUPERANNUATION The members of the Executive and the number of Executive meetings (including meetings of committees and FEES / PARKING BONUS3 CONTRIBUTIONS TOTAL commissions) attended by each of the Executive during the financial year were: $ $ $ $ $ CULTURE, EXECUTIVE MEMBERS AUDIT REMUNERATION J Coates1 2020 535,050 3,481 - - 538,531 TEAM AND RISK FINANCE & NOMINATIONS ATHLETES’ President 2019 580,000 13,532 - - 593.532 EXECUTIVE MEMBERS EXECUTIVE EXECUTIVE COMMITTEE COMMISSION COMMITTEE COMMISSION I Chesterman2 2020 150,000 - - - 150,000 A B A B A B A B A B A B Executive Member 2019 150,000 - - - 150,000 M Allen 5 5 - - - - 6 6 - - - - M Carroll 2020 459,557 6,116 37,500 21,370 524,543 M Arbib* 3 5 - - 1 1 4 6 - - - - Chief Executive Officer 2019 485,971 7,629 - 20,746 514,346 H Brownlee 1 5 ------0 1 - - C Carracher 5 5 - - - - 6 6 1 1 - - MANAGEMENT M Carroll (i) 5 5 - - 3 3 6 6 1 1 3 3 T Day 2020 308,631 - 27,000 21,370 357,001 I Chesterman 5 5 - - 3 3 6 6 - - - - Chief Financial Officer 2019 339,254 - - 20,746 360,000 K Chiller 5 5 ------

J Edwards 2020 216,426 - 29,500 20,434 266,360 J Coates (ii) 5 5 - - 2 3 5 6 - 1 - - Head of Community Engagement 2019 237,948 - - 20,746 258,694 C Fettell 5 5 - - 3 3 6 6 - - - - & Olympian Services E Halls 5 5 - - 3 3 - - 1 1 - - S Gordon 2020 253,830 6,116 24,500 21,225 305,671 S Hooker 5 5 ------2 3 Head of Public Affairs 2019 279,254 7,629 - 20,746 307,629 & Communication M Murphy 5 5 - - 2 3 - - 1 1 - - S Longes 2020 169,406 - 17,500 17,756 204,662 J Tomkins 5 5 ------2 2 Legal Counsel & 2019 166,579 - - 15,825 182,404 Company Secretary A = Number of meetings attended C Moynihan 2020 205,157 - 27,000 20,118 252,275 B = Reflects the number of meetings held during the time the member of the Executive held office during the period. Chief Information Officer 2019 222,365 - - 20,746 243,111 (i) While not a member, M Carroll also attends Audit and Risk Committee, Finance Commission, Culture, Remuneration L Pellegrini 2020 209,765 - 29,500 20,302 259,567 and Nominations Committee, and Athletes’ Commission meetings; Head of Games Operations 2019 227,553 - - 20,746 248,299 (ii) While not a member, the President also attends Audit and Risk, and Culture, Remuneration and Nominations & Sports Services Committee meetings. A Wallis 2020 204,487 - 20,000 20,088 244,575 *Mark Arbib resigned from Audit and Risk Committee in August 2020. Head of People & Culture 2019 224,254 - - 20,746 245,000 TOTAL 2020 2,712,309 15,713 212,500 162,663 3,103,185 2019 2,913,178 28,790 - 161,047 3,103,015 5.2 REMUNERATION OF AUDITORS During the financial year the following fees were paid or payable for services provided by EY Australia, the auditor of 1 Consulting Fees the Committee.

2 Consultancy Fees as Chef de Mission of Summer Olympic Games 2020 2019 3 50% of committed 2016-2020 Quad bonus paid to the Senior Management Team in current year $’000 $’000 Audit of the financial statements 96 84 Except as indicated above members of the Executive serve on an honorary basis. Out of scope auditing services 65 - During the year, the Committee paid insurance premiums for cover in respect of Directors’ and Officers’ Liability 161 84 Insurance. The Committee has indemnified the members of the Executive and the Athletes’ Commission against all losses or liabilities that may arise from their position as a member of each body, except where the liability arises out of conduct 5.3 RELATED PARTY TRANSACTIONS involving a lack of good faith, criminal activity or a wilful breach of employment conditions or relevant Codes of (A) THE STATE OLYMPIC COUNCILS Conduct. Liability of the Committee is limited to the maximum amount payable under the Directors’ and Officers’ Liability Insurance policy of the Committee. The State Olympic Councils are members of the Committee and the Committee provides financial and other support to State Olympic Councils. The Committee has entered into Deeds of Indemnity and Access with all members of the Executive and Athletes’ Commission. The Committee owed the State Olympic Councils the following balances at balance date: Members of the Executive are also indemnified against legal fees and expenses where, with the approval of the 2020 2019 Executive, they institute legal proceedings arising out of loss and damage suffered as a direct consequence of their $’000 $’000 membership of the Executive. The indemnification is on the basis that the Committee is reimbursed such legal fees New South Wales Olympic Council 461 417 and expenses as a first priority out of any award or settlement. No member of the Executive requested any such Victorian Olympic Council 3 89 indemnity during the year. South Australian Olympic Council - 1 Queensland Olympic Council 97 109 Western Australian Olympic Council 121 157 Tasmania Olympic Council 22 21 ACT Olympic Council 14 14 Total 718 808 115 116 (B) AUSTRALIAN OLYMPIC FOUNDATION FINANCIAL RISK MANAGEMENT On 16 February 1996 the Australian Olympic All income and expenses relating to financial The Executive monitors and manages the financial risk related to the operations of the Committee. Exposure to a Foundation (“Foundation”) was constituted by a Deed assets that are recognised in profit or loss are variety of financial risks, credit risk, liquidity risk and market risk (interest rate and currency risk) arises in the normal of Settlement and the Australian Olympic Foundation presented within finance costs, finance income course of the Committee’s operations. The risk management policies are designed to minimise potential adverse effect Limited was appointed as Trustee. The Directors of the or other financial items, except for impairment of on the Committee’s financial performance. Trustee and members are those persons being voting trade receivables which is presented within other The Committee holds the following financial instruments as at the reporting date: members of the Executive of the Committee in office expenses. from time to time. FINANCIAL ASSETS AT AMORTISED COST 2020 2019 As at balance date, the Foundation owed the Committee Financial assets with contractual cash flows $’000 $’000 $Nil (2019: $4,626,000) being distributions unpaid and representing solely payments of principal and FINANCIAL ASSETS trade debtors. interest and held within a business model of ‘hold to Cash and cash equivalents 5,624 4,277 As at balance date, the Committee owed the Foundation collect’ contractual cash flows are accounted for at Contract Assets 30,026 57,640 amortised cost using the effective interest method. $Nil (2019: 4,366,000) being net settlement due for the Trade and other receivables 517 6,168 year. The Committee’s trade and most other receivables fall into this category of financial instruments. 36,167 68,085 FINANCIAL LIABILITIES 5.4 IMPAIRMENT FINANCIAL INSTRUMENTS AND Trade and other payables 6,699 14,252 The Committee assessed on a forward-looking basis FINANCIAL RISK MANAGEMENT the expected credit losses associated with its debt Interest bearing liabilities - - FAIR VALUE OF FINANCIAL INSTRUMENTS instruments carried at amortised cost and FVOCI. 6,699 14,252 Due to their short-term nature, the carrying amount Expected credit losses are the probability-weighted of the current trade receivables, current payables and estimate of credit losses over the expected life of a INTEREST RATE RISK current borrowings is assumed to approximate their fair financial instrument. A credit loss is the difference The table below sets out the interest rates applicable to financial instruments that are exposed to interest rate risk. value. Loans and borrowings are recognized at their fair between all contractual cash flows that are due and value of the consideration received, net of transaction all cash flows expected to be received, all discounted INTEREST NON INTEREST 2020 costs. at the original effective interest rate of the financial BEARING 2020 BEARING 2020 TOTAL instrument $’000 $’000 $’000

RECOGNITION AND DERECOGNITION The impairment methodology applied depends on FINANCIAL ASSETS Cash and cash equivalents 5,624 5,624 Financial assets and financial liabilities are whether there has been a significant increase in recognised when the Committee becomes a credit risk. Trade and other receivable 517 517 party to the contractual provisions of the financial The Committee makes use of a simplified approach Total financial assets 6,141 6,141 instrument. Financial assets are derecognised in accounting for trade and other receivables as well FINANCIAL LIABILITIES when the contractual rights to the cash flows from as contract assets and records the loss allowance Trade and other payables 6,699 6,699 the financial asset expire, or when the financial at the amount equal to the expected lifetime Interest bearing liabilities - - asset and substantially all the risks and rewards are credit losses. In using this practical expedient, the transferred. A financial liability is derecognised when Committee uses its historical experience, external Total financial liabilities 6,699 6,699 it is extinguished, discharged, cancelled or expires. indicators and forward-looking information CLASSIFICATION AND INITIAL MEASUREMENT to calculate the expected credit losses using a provision matrix. INTEREST NON INTEREST 2019 OF FINANCIAL ASSETS BEARING 2019 BEARING 2019 TOTAL Financial assets are classified according to their The Committee considers a financial asset in default $’000 $’000 $’000 business model and the characteristics of their when contractual payments are 90 days past due. FINANCIAL ASSETS contractual cash flows and initially measured at However, in certain cases, the Committee may Cash and cash equivalents - 4,277 4,277 fair value adjusted for transaction costs (where also consider a financial asset to be in default when Trade and other receivable - 6,168 6,168 applicable). internal or external information indicates the - Committee is unlikely to receive the outstanding Total financial assets 10,445 10,445 SUBSEQUENT MEASUREMENT OF FINANCIAL contractual amounts in full before taking into FINANCIAL LIABILITIES ASSETS account any credit enhancements held by the Trade and other payables - 14,252 14,252 For the purpose of subsequent measurement, Committee. Interest bearing liabilities - - - financial assets, other than those designated and effective as hedging instruments, are classified into Total financial liabilities - 14,252 14,252 the following four categories: • Financial assets at amortised cost There is no interest payable on trade and other payables for the Committee as at balance date. The Committee was • Financial assets at fair value through profit or loss exposed to a variable interest rate of between 1.14% - 1.94% (2019: 1.94% - 2.94%) on interest bearing loans and (FVTPL) borrowings. • Debt instruments at fair value through other comprehensive income (FVTOCI) • Equity instruments at FVTOCI

117 118 CREDIT RISK 5.5 COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES Credit risk represents the risk of financial loss to the Committee if a sponsor or licensee or counterparty of the  financial instrument fails to meet its contractual obligations and arises principally from the Committee’s receivables The Committee has no commitments other than leases, refer to note 3.6 for further detail. The Committee has no from sponsors and licensees. This in turn is influenced by the characteristics of each sponsor and licensee and the guarantees or contingent liabilities at 31 December 2020. Committee regularly assess the creditworthiness of its sponsors and licensees. 5.6 The Committee’s maximum exposure to credit risk at the reporting date was: EVENTS SUBSEQUENT TO THE END OF THE FINANCIAL YEAR There are no significant matters sufficiently advanced or at a level of certainty that would require disclosure, that have 2020 2019 arisen since the end of the financial year, which significantly affect the operations of the Committee, the results of $’000 $’000 those operations or the state of affairs of the Committee in future financial years. FINANCIAL ASSETS Cash and cash equivalents 5,624 4,277 Trade and other receivable 517 6,168 Contract assets 30,026 57,640 Total financial assets 36,167 68,085 The credit quality is assessed and monitored as follows:

EQUIVALENT INTERNALLY RATED S&P RATING 1 - NO DEFAULT TOTAL $’000 $’000 $’000

As at 31 December 2020 Cash and cash equivalents 5,624 5,624 Trade and other receivable 517 517 Contract assets 30,026 30,026 Total financial assets 36,167 36,167

As at 31 December 2019 Trade and other payables 4,277 - 4,277 Interest bearing liabilities 6,168 - 6,168 Interest bearing liabilities 57,640 - 57,640 Total financial liabilities 68,085 - 68,085

LIQUIDITY RISK Liquidity risk arises from the financial liabilities of the Committee and its ability to meet their obligations to repay their financial liabilities as and when they fall due. The Committee manages liquidity risk by maintaining adequate reserves and monitoring budget and actual cash flows, expenditure and commitments and liabilities. The following are the contractual maturities of financial liabilities excluding the impact of netting arrangements:

CARRYING CONTRACTUAL CASH 12 MONTHS AMOUNT FLOWS OR LESS $’000 $’000 $’000

NON-DERIVATIVE FINANCIAL LIABILITIES 31 December 2020 Trade and other payables 6,699 6,699 4,255 Employee benefits 391 341 341 Lease liability - - - Lease liability 2,659 2,804 674 9,749 9,844 5,269

31 December 2019 Trade and other payables 14,252 14,252 6,895 Employee benefits 373 373 350 Lease liability 3,216 3,216 582 17,841 17,841 7,827

119 120 EXECUTIVE’S INDEPENDENT DECLARATION AUDIT REPORT

In the opinion of the Executive of the Committee:

(a) the financial statements and notes of the Committee as set out on pages 98 to 120 are drawn up so as to give a true and fair view of the Committee’s financial position for the year ended 31 December 2020 and of their performance for the year ended on that date; and Ernst & Young Tel: +61 2 9248 5555 200 George Street Fax: +61 2 9248 5959 Sydney NSW 2000 Australia ey.com/au (b) the financial statements and notes have been prepared in accordance with the basis of accounting GPO Box 2646 Sydney NSW 2001 described in Section 1; and

(c) there are reasonable grounds to believe that the Committee will be able to pay its debts as and when they become due and payable.

This statement is made out in accordance with a resolution of the Executive. Independent Auditor's Report to the Members of Australian Olympic Signed on behalf of the Executive at Sydney, NSW this 26 March 2021. Committee Inc.

Opinion

We have audited the financial report of Australian Olympic Committee Inc. (the Association), which comprises the statement of financial position as at 31 December 2020, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes to the financial statements, including a summary of significant accounting policies, and the Executive’s declaration. In our opinion the accompanying financial report presents fairly, in all material respects, the financial position of the Association as at 31 December 2020, and its financial performance and its cash flows for the year then ended in accordance with Australian Accounting Standards - Reduced Disclosure J D COATES AC I CHESTERMAN AM Requirements, the Associations Incorporations Act Incorporation Reform Act 2012 of Victoria and the President Vice President Constitution. Australian Olympic Committee Australian Olympic Committee Basis for Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Association in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 ode of thics for rofessional Accountants includin ndependence tandards (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of the Executives for the Financial Report

The Association’s Executives are responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards - Reduced Disclosure Requirements, the Associations Incorporations Act Incorporation Reform Act 2012 of Victoria and the Constitution and for such internal control as the Executives determine is necessary to enable the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error.

In preparing the financial report, the Executives are responsible for assessing the Association’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the Executives either intend to liquidate the Association or to cease operations, or have no realistic alternative but to do so.

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121 122

Auditor's Responsibilities for the Audit of the Financial Report e communicate with the ecutives regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we ur obectives are to obtain reasonable assurance about hether the financial reort as a hole is free identify during our audit. from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our oinion easonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance ith the Australian Auditing Standards ill alays detect a material misstatement hen it exists isstatements can arise from fraud or error and are considered material if individually or in the aggregate they could reasonably be exected to influence the economic decisions of users taen on the basis of this financial reort rnst oung

As art of an audit in accordance ith the Australian Auditing Standards e exercise rofessional udgment and maintain rofessional sceticism throughout the audit e also aniel unningham

• dentify and assess the riss of material misstatement of the financial reort hether due to fraud artner or error design and erform audit rocedures resonsive to those riss and obtain audit evidence egistered ompany uditor that is sufficient and aroriate to rovide a basis for our oinion he ris of not detecting a ydney material misstatement resulting from fraud is higher than for one resulting from error as fraud arch may involve collusion forgery intentional omissions misreresentations or the override of internal control

• btain an understanding of internal control relevant to the audit in order to design audit rocedures that are aroriate in the circumstances but not for the urose of exressing an oinion on the effectiveness of the Association’s internal control.

• Evaluate the aroriateness of accounting olicies used and the reasonableness of accounting estimates and related disclosures made by the Executives

• onclude on the aroriateness of the Executives use of the going concern basis of accounting and based on the audit evidence obtained hether a material uncertainty exists related to events or conditions that may cast significant doubt on the Association’s ability to continue as a going concern f e conclude that a material uncertainty exists e are required to dra attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate to modify our oinion ur conclusions are based on the audit evidence obtained u to the date of our auditor’s report. However, future events or conditions may cause the Association to cease to continue as a going concern

• Evaluate the overall resentation structure and content of the financial reort including the disclosures and hether the financial reort reresents the underlying transactions and events in a manner that achieves fair resentation

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123 124 ANNUAL REPORT 2020

125 126 CONTENTS CHAIR’S REVIEW

DISTRIBUTIONS AND PORTFOLIO RETURNS Total cash distributions to the AOC over the 19 years since the Foundation received the $88.48m legacy from hosting the 2000 Olympic Games in Sydney reached $130.3m by December 31, 2020. Cash distributions paid to the AOC were $6.25m in 2020 consistent with the three previous years in the quadrennium. Actual cash distributions to the AOC by quadrennium were as follows:

JOHN COATES AC CHAIR CASH DISTRIBUTIONS BY QUADRENNIUM

30 28.5 128 132 135 AUSTRALIAN OLYMPIC FOUNDATION 26.7 25.2 24.9 25.0 CHAIR’S REVIEW MEMBERS OF STATEMENT OF (FOUNDATION) OBJECTIVES 25 THE BOARD OF PROFIT OR LOSS The Foundation has continued to build the Fund in line 20 with its stated investment objectives and increased THE TRUSTEE’S AND OTHER measures to protect the downside risk. Since inception 15 the investment objectives of the Foundation have been,

REPORT COMPREHENSIVE VALE IN $M and remain, to protect and grow the capital base while 10 INCOME providing sufficient income and liquidity to provide a base distribution to the Australian Olympic Committee 5 (AOC) for its Olympic and other Teams, programmes and expenses. 0 2004 2008 2012 2016 2020 With the commencement of a new quadrennium the 136 137 138 cash distribution to be paid from the Foundation in STATEMENT STATEMENT OF STATEMENT OF support of the Australian Olympic Committee (AOC) is Over this same period the net assets of the Foundation, reset to 4% of the net assets as at 1 January 2021. after distributions, have grown by $61.4m, from OF FINANCIAL CHANGES IN CASHFLOWS This equates to $27.3m, an increase of $2.3m over $109m at the commencement of 2001 to $170.4m POSITION EQUITY the four-year period. Whilst the Foundation met and at the commencement of 2021 (cf. $171.4m at the exceeded the previous target through 2017 to 2020, commencement of 2020). the increase for this new quadrennium will be more The following graph shows the composite return for challenging given the volatility in the markets, the the Foundation since inception of 8.1% p.a. versus the continued low yields on bond rates and a “lower for historical target objective of a rolling 4-year CPI plus longer” yield environment. The strategic asset allocation 10-year bond rate of 3.5% and the current quadrennium of the Foundation is being closely monitored and has target of $25m plus CPI (effectively 4.6%). been reviewed by our consultants Mercer and the IAC 139 148 149 in the first quarter of 2021 with no immediate changes NOTES TO THE STATEMENT BY INDEPENDENT recommended following this review. FINANCIAL THE BOARD AUDITOR’S STATEMENTS REPORT

127 128 AOF INVESTMENT PORTFOLIO RETURN (%PA) SINCE INCEPTION Global Equity Markets returned 5.7% on an unhedged At year end the Foundation had invested with the following asset allocation: AOF INVESTMENT PORTFOLIO RETURN (%PA) SINCE INCEPTION basis and 10.6% on a hedged basis in 2020 as the Australian dollar strengthened over the year. The US S&P 13.0% • 42% of its investments in managed funds in Australian 12.0% 500 Index increased by 18.4% in US dollars. equities; 11.0% The Australian ASX 200 Accumulation Index returned • 18.4% in overseas equities; 10.0% 1.4% in 2020 and the Australian All Ordinaries Index 9.0% • 21.6% in direct property; 8.1% showed an increase of 3.6% in 2020. 8.0% • 9% in absolute return funds (including cash enhanced 7.0% During the year, the Board has been active with fund); and 6.0% changes focused on managing downside risk in a 5.0% 4.6% very volatile year. Acting on advice from Mercer as • 9% in cash. 4.0% Investment Consultant and the AOF Investment Advisory 3.0% The investments are spread across twelve managed 3.5% Committee, the following steps were taken: 2.0% funds: • maintained cash holding targets in the strategic asset 1.0% • Australian equities with the established funds of allocation at the higher levels of 9% compared to a 0.0% Schroder (a value investment style), Northcape, benchmark of 5%; -1.0% First Sentier, Alliance Bernstein and Wilson; -2.0% • in addition, monitored cash held within the Fund -3.0% • overseas equities through Arrowstreet (split into managers’ investments bringing the total underlying -4.0% hedged and unhedged holdings), Alliance Bernstein, cash holdings across the portfolio to 15%; -5.0% and Vanguard Global Listed Infrastructure Fund; -6.0% • redeemed in full the holdings in the Vanguard • direct property, Lend Lease (commercial) and -7.0% Australian Shares High Yield Index fund of $11.5m Goodman Australia (industrial); and reinvested the balance in a managed volatility Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Dec-01 Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 equities fund with Alliance Bernstein to more actively • absolute return through the Schroder Real Return

PORTFOLIO RETURN SINCE INCEPTION (%PA) ROLLING 4 YEAR RETURN OBJECTIVE (%PA) QUADRENNIUM TARGET (%PA) seek to reduce downside risk; and Fund; and PORTFOLIO RETURN SINCE INCEPTION (%PA) ROLLING 4 YEAR RETURN OBJECTIVE (%PA) QUADRENNUM TARGET (%PA) • monitored its commitment of $10m to invest • cash enhanced fund through Kapstream. in unlisted infrastructure fund (IFM Investment To reduce foreign currency risk, the exposure in the Australia) to broaden the holding of longer term Arrowstreet Global Equity Fund is split into hedged and The Foundation remains a very long-term investor – The story of 2020 is best illustrated by the swings in assets. As this Fund has yet to call on the funds unhedged holdings back to the Australian dollar. Actual intended to assist in financing the AOC’s activities over the US S&P 500 index. It opened at 3,231, hit its peak in the absence of suitable investment in Australia hedge levels have being maintained around 20-22% over the indefinite future. The Foundation concentrates its in February at 3,934 then hit its lowest point on March the Foundation has continued to hold funds in the the past three years. investments in growth assets – property and equities, 23, 2020 at 2,237 and has since recovered to close at Vanguard Global Infrastructure Index Fund. The including international equities. Over time these 3,756 at year end. The ASX All Ordinaries index largely commitment to IFM Investment Australia expires in assets are expected to provide stronger returns and followed the same pattern. September 2021. GOVERNANCE growth than investments in bonds and cash, especially The performance of the AOF Fund to December The Foundation was established on 16 February 1996 at the current low yield levels, and deliver substantial Given the volatility in global equity markets, and 31, 2020 is best illustrated by the following graph by Trust Deed between Julius Lockington Patching distributions. continued uncertainty driven through the year by the highlighting the lower return performance in 2020 US elections, Brexit, the Coronavirus and global tensions as settlor on the one part and Australian Olympic compared to historical averages but still outperforming Foundation Limited (AOF Limited) as Trustee. REVIEW OF 2020 in 2020, the Foundation has maintained a portfolio that its benchmarks in 2020. caters to downside protection during times of market It was established to develop and protect the Olympic The pandemic of 2020 has had an unprecedented stress: Movement in Australia in accordance with the Olympic impact on financial markets and the global economy. AUSTRALIAN OLYMPIC FOUNDATION PERFORMANCE Charter. The members and directors of the Trustee Governments around the world have responded, COMPARED TO OBJECTIVES AT 31 DEC 2020 • defensive assets through allocations to cash, real are the voting members of the Executive of the AOC implementing lockdowns in an attempt to slow the estate, infrastructure, and absolute return income from time to time. The AOC is the Primary Beneficiary 10.0% spread of transmission, resulting in some of the largest products; pursuant to the Trust Deed and after 3 April 2018, the 7.9% 8.1% declines in economic output in the modern era. • avoidance of allocations to long dated bonds / lower sole beneficiary of the Foundation. 6.5% 6.5% The year was marked by continuing volatility in the global grade credit at times of extremely low yields; On 3 April 2018, the Trust Deed of the Foundation was amended, including to: equity markets with a major market fall in March 2020 5.0% 4.2% • avoidance of dedicated funds to higher risk assets 3.5% following the uncertainty created by the spread of the 3.2% 3.1% such as emerging markets, hedge funds or private (a) align the objectives of the Foundation with those of Covid-19 virus through the major global economies. 1.9% equity; the AOC under its Constitution, as amended in 2015; Much of the impact of this fall has since been recovered as central banks instituted quantitative easing in their • well diversified by managers in terms of manager (b) limit total distributions during any four-year 0.0% equity styles; Distribution Period commencing with 2021 to four respective markets and governments significantly 1 YEAR 3 YEARS SINCE INCEPTION increased their spending on infrastructure, support for • limited foreign exchange exposure; per cent per annum of the net asset value of the impacted industries and income and cash spending to AOF BENCHMARK CPI + BOND RATE Foundation calculated as at the first day of each support their economies. • absence of gearing / highly geared funds or Distribution Period; Cash distributions received from the invested funds derivatives; reached $6.2m in 2020 (2019 - $7.6m). • sufficient cash buffer for spending purposes; and • inclusion of defensive strategies like low volatility equities. 129 130 (c) require that any decision to distribute more than The result of these changes means the Foundation’s OUTLOOK FOR 2021 4 per cent per annum will be subject to: capital and ongoing distributions are secure and the MEMBERS OF THE BOARD AOC is able to fund its activities independent from It is expected that Global economies will continue to i. ratification by a Special Majority of the members OF THE TRUSTEE’S Government and free of outside pressures of any kind. recover as government subsidies and central bank of the Trustee (75% of those entitled to vote); and policies continue to provide liquidity and accommodate REPORT. The Directors of AOF Limited continue to receive ii. prior written consent of “the Required Majority of economic growth. advice from the AOF Investment Advisory Committee Guardians” (75% of those entitled to vote); The members of the Board of the and the Foundation’s funds have been invested in The rate of growth however will vary by country (d) provide that no guarantees and indemnities may be accordance with the Investment Advisory Committee’s depending on the emergence from Covid-19 restrictions Trustee present their report together given or security provided without the consent of recommendations. and the successful roll out of vaccination programmes. with the financial statements of the “the Required Majority of Guardians” if the potential The uncertainties of Brexit and the US elections from The independent members of the Investment Advisory Australian Olympic Foundation (‘the liability exceeds the Maximum Sum as determined 2020 have faded, however global trade tensions remain Committee are Chairman Dr John Hewson, under the provisions of the Trust Deed; between the US and China despite the change in Foundation’) for the financial year Paul Batchelor, Angus Douglas and Dr Helen Nugent administration in the US. This trade tension is also being ended 31 December 2020. (e) require that any further amendments to the Trust and we very much appreciate their time, diligence and felt in Australia in various trade disputes with China Deed will require the same 75% ratification by the expertise. although currently Australia is benefiting from the higher The Foundation is a discretionary Trust constituted members of the Trustee and the same 75% consent It was very pleasing that the Executive of the Australian iron ore prices driven by Chinese demand and supply by a Deed of Settlement dated 16 February 1996 by the Guardians, again, in each case of those entitled Olympic Committee resolved to award Dr Helen difficulties from other producers. (‘the Trust Deed’) between Julius L. Patching as to vote; and Nugent the Order of Merit, the AOC’s highest award. Although international shares look expensive, low Settlor and the Australian Olympic Foundation (f) provide that in addition to the concurrence of the An invaluable member of the Australian Olympic interest rates and further fiscal stimulus around the Limited as Trustee (‘the Trustee’). The Trustee has the President of the IOC, for removal and appointment Foundation’s Investment Advisory Committee since world are likely to support P/E levels with a recovery overall responsibility for the corporate governance of of a New Trustee: 2011, Helen’s association with the AOC goes back much in earnings and dividends yields as the global economy the Foundation, including its strategic direction, the further to her role as a senior executive with Sydney review of plans established by the Foundation and i. the members and directors of the New Trustee continues to rebound. 2000 Games Partner Westpac where she had oversight the monitoring of performance against these plans. must be the same members and directors as of of the company’s Games sponsorship. The Australian market is expected to continue much the The Foundation is a company limited by guarantee. the Resigning Trustee; and same pattern. Responding to this outlook, subsequent to The Foundation’s registered office is located at Level Matt Allen, Craig Carracher and I represented AOF ii. the Constitution of the New Trustee must contain year end, the Investment Advisory Committee has met 4, Museum of Contemporary Art, 140 George Limited on the Investment Advisory Committee with the same provisions as the Constitution of the twice, reviewed the portfolio and current Strategic Asset Street, Sydney, NSW 2000. the Foundation administered during the year by Garry Resigning Trustee. Allocation. Following these meetings, the Committee Wayling as Executive Director and to whom we are most recommended to the Board to hold the current Strategic The Board of the Trustee comprises those persons The Guardians are the Life Members of the Primary appreciative for the many skills and diligence he brings Asset Allocation settings but tilt the Australian equity being voting members of the Executive of the Beneficiary as appointed in accordance with its to this role. holdings more towards growth focused funds. The Board Australian Olympic Committee Incorporated Constitution. There are currently 12 of them, namely: (‘the Committee’), as prescribed by the Articles The Investment Advisory Committee continues to meet has then approved this recommendation. of Association of the Trustee. The Articles of GEOFFREY HENKE AO quarterly. It reviews the overall investment strategy The AOF remains well positioned in an environment with Association further prescribe that a voting member PHILLIP COLES AM annually and meets with each of the fund managers low bond yields over the short-medium term as well also of the Executive of the Committee on being deemed annually. During the year with the volatility in the market KEVAN GOSPER AO from a perpetual investment time horizon perspective, to be admitted to membership of the Trustee shall the Investment Advisory Committee also held other calls with a diversified investment portfolio. likewise be deemed to be appointed a Director of JOHN COATES AC to discuss and receive presentations from fund managers the Trustee. JOHN DEVITT AM as they assessed fund managers performance and The AOF will continue in 2021 to be mindful of material SIR DONALD TRESCOWTHICK AC KBE alternatives to the current portfolio. risks and maintain a balanced approach to construction of its portfolio. PETER MONTGOMERY AM The Directors of AOF Limited and the members of MICHAEL WENDEN AM MBE the Investment Advisory Committee continue to be JOHN COATES AC HELEN BROWNLEE AM assisted in their work by Mercer, one of the largest and CHAIR most experienced investment consulting firms globally. Australian Olympic Foundation RONALD HARVEY CVO AM Mercer monitors each of the managers overall portfolio DOUG DONOGHUE AM on a continuous basis and provides quarterly reports IAN CHESTERMAN AM on performance and developments to the Investment Advisory Committee, as well as drawing attention The Trust Deed was established with the AOC the to any significant events affecting a manager or the Primary Beneficiary and with Nil General Beneficiaries. Foundation’s investments. I acknowledge the counsel All of the members of the AOC, including National provided by Dr Harry Liem and the Mercer team in Federations, were excluded from the class of potential providing their ongoing advice to AOF Limited. General Beneficiaries. On 3 April 2018, pursuant to the terms of the amended Trust Deed, the Trustee of the Foundation irrevocably declared an extensive number of additional persons and bodies as being excluded.

131 132 The Audit and Risk Committee comprises four members 1  MEETINGS of the Board who collectively provide the mix of skills, 8  ENVIRONMENTAL REGULATION The number of meetings of the members of the Board of the Trustee held during the year ended 31 December 2020, experience and other qualities appropriate for this role. The Foundation’s operations are not subject to and the number of meetings attended by each member were: Members of the Audit and Risk Committee during the environmental regulations under Australian law. year were: BOARD MEMBER BOARD MEETING AUDIT AND RISK INVESTMENT ADVISORY I CHESTERMAN, CHAIR 9 COMMITTEE MEETING COMMITTEE MEETING  INDEMNIFICATION AND M ARBIB (until August 2020) A B A B A B INSURANCE OF OFFICERS E HALLS M Allen 4 4 - - 4 4 The Foundation has indemnified members of the Board M MURPHY of the Trustee against all losses or liabilities that may M Arbib* 3 4 1 1 - - arise from their position as a member of the Board, H Brownlee 1 4 - - - - except where the liability arises out of conduct involving 2 C Carracher 4 4 - - 4 4  PRINCIPAL ACTIVITIES a lack of good faith, criminal activity or a wilful breach M Carroll(i) 4 4 3 3 3 4 During the financial year, the principal continuing of employment conditions or relevant Code of Conduct. activities of the Foundation were the development Liability of the Foundation is limited to the maximum I Chesterman 4 4 3 3 - - and protection of the Olympic Movement in Australia amount payable under the Directors’ and Officers’ K Chiller 4 4 - - - - in accordance with the Olympic Charter including, in Liability Insurance Policy of the Foundation. (ii) J Coates 4 4 1 3 4 4 particular, contributing funding to the preparation and During the year, the Foundation has paid insurance C Fettell 4 4 3 3 - - participation of the Australian Teams in the Olympic premiums for cover in respect of Directors’ and Officers’ Games, Olympic Winter Games, Youth Olympic Games E Halls 3 4 3 3 - - Liability Insurance. and Regional Games and the costs and expenses of S Hooker 4 4 - - - - the AOC. There have been no changes to the principal 10 M Murphy 3 4 2 3 - - activities of the Foundation during the year.  INDEMNIFICATION OF AUDITORS J Tomkins 4 4 - - - - To the extent permitted by law, the Foundation has 3 OPERATING AND agreed to indemnify its auditors, Ernst & Young Australia, A = Number of meetings attended   as part of the terms of its audit engagement agreement B = Number of meetings held during the time the Board Member held office during the period. FINANCIAL REVIEW against claims by third parties arising from the audit (for Information on the operations and financial position of (i) While not a member, the CEO of the Committee also attends Audit and Risk Committee and Investment Advisory Committee an unspecified amount). No payment has been made to the Foundation is set out in the Chair’s Review at the indemnify Ernst & Young Australia during the year ended meetings; beginning of this Annual Report. 31 December 2020. (ii) While not a member, the Chair of the Foundation also attends Audit and Risk Committee meetings. This Members of the Board of the Trustee’s Report is * Mark Arbib resigned from Audit and Risk Committee in August 2020. 4  SIGNIFICANT CHANGES made in accordance with a resolution of the Directors IN THE STATE OF AFFAIRS at Sydney, NSW on 26 March 2021. INVESTMENT ADVISORY COMMITTEE Mercer Investment Consulting was appointed in 2000 There have been no significant changes in the state of The Investment Advisory Committee was established and reappointed in 2004, 2010 and 2017 to advise the affairs of the Foundation during the year. in 1996 to advise the Board and comprises members Investment Advisory Committee on the Foundation’s of the Board and others who are “independent” of the investment strategy (i.e. the long term strategic split Committee and the Foundation and who serve in an between asset classes) and the appointment and 5 DISTRIBUTIONS performance of Investment Fund Managers.  honorary and non-managerial capacity only. For the year ended 31 December 2020 distributions The members of the Investment Advisory Committee AUDIT AND RISK COMMITTEE totalling $6,250,000 have been paid to the Australian J D COATES AC Olympic Committee Inc. (2019: $10,876,000). during the year were: To assist in the execution of its responsibilities, the Chair Board on 20 July 2001 established the Audit Committee J HEWSON, CHAIR (independent) Australian Olympic Foundation (reconstituted as Audit and Risk Committee on 19 March 6 LIKELY DEVELOPMENTS P BATCHELOR (independent) 2015). The primary objective of the Audit and Risk  Committee is to assist the Board to fulfil its corporate Likely developments in the operations of the Foundation C CARRACHER governance and overseeing responsibilities relating to are set out in the Chair’s Review at the beginning of this Annual Report. J COATES the financial reporting process, the system of internal control and management of financial risk, the audit A DOUGLAS (independent) process, and the process for monitoring compliance with 7  EVENTS SUBSEQUENT H NUGENT (independent) laws and regulations, the IOC Code of Ethics and the TO REPORTING DATE I CHESTERMAN AM Code of Conduct for the Board. Director M ALLEN There are no significant matters, sufficiently advanced Australian Olympic Foundation The Audit and Risk Committee’s role is to report or at a level of certainty that would require disclosure, The investment objectives of the Foundation are to to the Board and provide appropriate advice and protect and grow the capital base while providing that have arisen since the end of the financial year, which recommendations on matters relevant to its Charter significantly affect the operations of the Foundation, the sufficient income and liquidity to provide a base in order to facilitate decision making by the Board. distribution to the Committee towards its known results of those operations or the state of affairs of the The Audit and Risk Committee Charter is available on Foundation in future financial years. commitments. the website olympics.com.au.

133 134 STATEMENT OF PROFIT OR LOSS AND STATEMENT OF FINANCIAL POSITION OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 FOR THE YEAR ENDED 31 DECEMBER 2020

2020 2019 2020 2019 NOTES NOTES $’000 $’000 $’000 $’000 REVENUE FROM OPERATING ACTIVITIES ASSETS Managed funds distributions 2.2 5,860 7,632 Current Assets Changes in fair value of investments 3.3 (919) 15,074 Cash and cash equivalents 3.1 11,565 11,922 Net gain/(loss) on sale of investments 371 3,036 Trade and other receivables 3.2 1,091 5,952 Fee rebates 340 319 Investments 3.3 157,894 158,223 Interest 105 293 Total Current Assets 170,550 176,097 Settlement from Australian Olympic Committee Inc. - 5,462 Total Assets 170,550 176,097

Total Revenue 5,757 31,816 LIABILITIES

EXPENSES Current Liabilities Fund manager fees 26 33 Trade and other payables 3.4 57 4,682 Investment strategy fees 152 115 Total Current Liabilities 57 4,682 Administration 251 256 Total Liabilities 57 4,682 Net Assets 170,493 171,415 Total Expenditure 429 404 EQUITY NET PROFIT BEFORE INCOME TAX 5,328 31,412 Capital reserve 4.1 170,493 171,415 Net Income Tax Expense 2.3 - - Total equity attributable to equity holders of the entity 170,493 171,415 Profit After Income Tax Expense For The Year 5,328 31,412

Total Comprehensive Income For The Year 5,328 31,412

STATEMENT OF DISTRIBUTION Net Profit 5,328 31,412 Transfer (to) / from capital reserve 922 (20,536) Income distribution to the Australian Olympic Committee Inc. 6,250 10,876

Distribution payable / paid to the Australian Olympic Committee 6,250 10,876

The above statement of profit or loss and comprehensive income should be read in conjunction with the accompanying notes. The above statement of financial position should be read in conjunction with the accompanying notes. 135 136 STATEMENT OF CHANGES IN EQUITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR THE YEAR ENDED 31 DECEMBER 2020

2020 2019 2020 2019 NOTES NOTES $’000 $’000 $’000 $’000 BALANCE AT BEGINNING OF YEAR 171,415 150,879 CASH FLOWS FROM OPERATING ACTIVITIES Total comprehensive income for the year Receipts from organisations 21 314 Profit for the year after income tax 5,328 31,412 Payments to organisations (448) (361) Total comprehensive income for the year 5,328 31,412 Interest received 157 285 Managed funds distributions received 6,365 7,623 Transactions with owners, recorded directly in equity: Income distribution payable/paid to the Australian Olympic Committee Inc. (6,250) (10,876) Net cash flows from operating activities 3.1 6,095 7,861

Total transactions with owners (6,250) (10,876) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of investments (11,500) (50,425) Balance at end of year 170,493 171,415 Proceeds from sale of managed funds 11,558 50,566 Net cash flows from investing activities 58 141

CASH FLOWS FROM FINANCING ACTIVITIES Payment of distributions (6,510) (6,250) Net cash flows used in financing activities (6,510) (6,250)

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (357) 1,752 Cash and cash equivalents at 1 January 11,922 10,170 Cash and cash equivalents at 31 December 3.1 11,565 11,922

The above statement of changes in equity should be read in conjunction with the accompanying notes. The above statement of cash flows should be read in conjunction with the accompanying notes. 137 138 ACCOUNTING JUDGEMENTS AND ESTIMATES 1.6 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING JUDGEMENTS AND ESTIMATES FOR THE YEAR ENDED 31 DECEMBER 2020 The preparation of the financial statements requires FAIR VALUE MEASUREMENT HIERARCHY management to make judgements, estimates and assumptions that affect the reported amounts in the The Foundation is required to classify all assets financial statements. Management continually evaluates and liabilities, measured at fair value, using a three-level hierarchy, based on the lowest level • have not early adopted any Australian Accounting its judgements and estimates in relation to assets, of input that is significant to the entire fair value Standards and Interpretations that have been issued or liabilities, contingent liabilities, revenue and expenses. SECTION 1 measurement, being:  amended but not yet effective. Refer to note 1.5 for Management bases its judgements, estimates and BASIS OF PREPARATION further details. assumptions on historical experience and on other • Level 1: Quoted prices in active markets for various factors, including expectations of future events, identical items (unadjusted); In preparing the 2020 financial statements, the 1.2 management believes to be reasonable under the • Level 2: Observable direct or indirect inputs GOING CONCERN Foundation has grouped notes into sections under five circumstances. The resulting accounting judgements and other than Level 1 inputs; and key categories: The financial statements have been prepared on a estimates will seldom equal the related actual results. going concern basis which contemplates continuity of • Level 3: Unobservable inputs (i.e. not derived 1. Basis of preparation normal business activities and realisation of assets and Information about judgements made in applying from market data). accounting policies that have the most significant effects 2. Results for the year settlement of liabilities in the normal course of business. Considerable judgement is required to determine on the amounts recognised in the financial statements 3. Balance sheet disclosures The Members of the Board of the Trustee are satisfied what is significant to fair value and therefore and information about assumptions and estimation the Foundation is a going concern, as it incurred a which category the asset or liability is placed in 4. Equity uncertainties that have a significant risk of resulting in total comprehensive profit $5,328,000 for the period can be subjective. 5. Other disclosures (2019: $31,412,000), it has a net asset position of material adjustment are included in the following notes: The fair value of assets and liabilities classified Significant accounting policies specific to one note are $170,493,000 (2019: $171,415,000) and a cash • Fair Value Measurement Note 1.7 as level 3 is determined using valuation models. included within that note and where possible, wording balance of $11,565,000 (2019: $11,922,000) as at These include discounted cash flow analysis or the has been simplified to provide clearer commentary 31 December 2020. • Note 1.8 Impairment use of observable inputs that require significant on the financial report of the Foundation. Accounting adjustments based on unobservable inputs policies determined non-significant are not included in 1.3 ROUNDING 1.7 FAIR VALUE MEASUREMENT the financial statements. There have been no changes to  The Foundation has rounded off amounts in these the Foundation’s accounting policies that are no longer A number of assets and liabilities included in the financial statements to the nearest thousand dollars 1.8 IMPAIRMENT disclosed in the financial statements. Foundation’s financial statements require measurement  ($’000), except where indicated. at, and/or disclosure of fair value. The fair value is based NON-FINANCIAL ASSETS on the price that would be received to sell an asset 1.1 BASIS OF PREPARATION At each reporting date, the Foundation reviews the  1.4 CHANGES IN ACCOUNTING POLICIES AND  or paid to transfer a liability in an orderly transaction carrying amount of its non-financial assets to determine The financial statements of the Foundation as at and for DISCLOSURES between market participants at the measurement date; whether there is any indication of impairment. If any the year ended 31 December 2020 were authorised for In the year ended 31 December 2020, the Foundation and assumes that the transaction will take place. such indication exists, then the asset’s recoverable issue in accordance with a resolution of the Board of the has reviewed all new and revised Standards and amount is estimated. Trustee on 26 March 2021. The fair value measurement of the Foundation’s financial Interpretations issued by the AASB that are relevant and non-financial assets and liabilities utilises relevant ACCOUNTING JUDGEMENTS AND ESTIMATES The financial statements are general purpose reduced to its operations and effective for the annual reporting market observable inputs. Inputs used in determining disclosure requirements financial statements which fulfill periods beginning on or after 1 January 2020. fair value measurements are categorised into different the Board’s financial reporting requirements under the There were no material new standards impacting the levels based on how observable the inputs used in the IMPAIRMENT OF NON-FINANCIAL ASSETS Foundation that have been adopted from 1 January Trust Deed and: valuation technique utilised are (the ‘fair value hierarchy’). Other non-financial assets are reviewed for 2020. • have been prepared in accordance with the Classifications are reviewed each reporting date and impairment whenever events or changes in requirements of Australian Accounting Standards transfers between levels are determined based on a circumstances indicate that the carrying amount reassessment of the lowest level input that is significant Reduced Disclosure Requirements and other 1.5 NEW ACCOUNTING STANDARDS AND may not be recoverable. An impairment loss is  to the fair value measurement. authoritative pronouncements of the Accounting INTERPRETATIONS NOT YET ADOPTED recognised for the amount by which the asset’s Standards Board (“AASB”), and comply with other carrying amount exceeds its recoverable amount. There are a number of standards, amendments to For recurring and non-recurring fair value requirements of the law; standards and interpretations which have been issued by measurements, external valuers may be used when Recoverable amount is the higher of an asset’s • are presented in Australian Dollars, being the the AASB that are effective for future accounting periods internal expertise is either not available or when the fair value less costs of disposal and value-in- Foundation’s functional currency; that the Foundation has decided not to early adopt. valuation is deemed to be significant. External valuers use. The value-in use is the present value of the The most significant of these are: are selected based on market knowledge and reputation. estimated future cash flows relating to the asset • adopt all new and revised Australian Accounting Where there is a significant change in fair value of an using a pre-tax discount rate specific to the Standards and Interpretations issued by the AASB • AASB 101 Presentation of Financial Statements asset or liability from one period to another, an analysis asset or cash-generating unit to which the asset that are relevant to the operations of the Foundation and AASB108 Accounting Policies, Changes in is undertaken, which includes a verification of the major belongs. Assets that do not have independent and effective for reporting periods beginning on or Accounting Estimates and Errors (Amendment – inputs applied in the latest valuation and a comparison, cash flows are grouped together to form a after 1 January 2020. Refer to note 1.4 below for definition of material); and where applicable, with external sources of data. cash-generating unit. further details; • Revised Conceptual Framework for Reporting. • the financial statements, except for cash flow The Foundation is still determining the financial impact information, have been prepared on an accrual of the above standard and a more detailed assessment basis and are based on historical costs, modified, will be made over the next 12 months. where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities; and 139 140 ACCOUNTING POLICY 3.2 TRADE AND OTHER RECEIVABLES SECTION 2  SECTION 3   All income is brought to account as it becomes ACCOUNTING POLICY RESULTS FOR THE YEAR due and receivable. Amounts that have not been BALANCE SHEET DISCLOSURES This section focuses on the results and performance of received at year end including distributions and This section focuses on the financial position of the Trade and other receivables are initially the Foundation, with disclosures including segmental interest are recorded in statement of financial Foundation, with disclosures including components of recognised at fair value and subsequently information, components of the operating profit and position as receivable. assets and liabilities. measured at amortised cost using the effective taxation. interest method, less any provision for MANAGED FUND DISTRIBUTIONS 3.1 impairment. Trade receivables are generally CASH AND CASH EQUIVALENTS 2.1 Distribution revenue is recognised when the due for settlement within 10 to 90 days and OPERATING SEGMENTS Foundation’s right to receive the payment is ACCOUNTING POLICY the Foundation does not hold any collateral as INFORMATION ABOUT REPORTABLE SEGMENTS established as advised by the Fund Managers. security. The Foundation has identified its operating segments INTEREST Cash and cash equivalents include cash on hand, The Foundation applies the AASB 9 Financial on the internal reports that are reviewed and used by Interest revenue is recognised as interest accrues deposits held at call with banks, other short-term Instruments simplified approach to measuring the Board (chief operating decision makers) in assessing using the effective interest method. This is a highly liquid investments with original maturities expected credit losses using a lifetime credit performance and determining the allocation method of calculating the amortised cost of a of three months or less and are subject to an loss provision for trade receivables and contract of resources. financial asset and allocating the interest income insignificant risk of changes in value, and bank assets. To measure expected credit losses on a The Foundation currently operates one segment, over the relevant period using the effective overdrafts. collective basis, trade receivables and contract that is to operate within Australia to develop and protect interest rate, which is the rate that exactly assets are grouped on similar credit risk and the Olympic Movement. discounts estimated future cash receipts through aging. The contract assets have similar risk 2020 2019 the expected life of the financial asset to the net characteristics to trade receivables for similar Unless otherwise stated, all amounts reported to the $’000 $’000 carrying amount of the financial asset. types of contracts. Board as the chief decision maker with respect to Cash at Bank 11,565 11,922 operations, are determined in accordance with AASB 8 OTHER REVENUE Expected loss rates are based on the Foundation’s 11,565 11,963 Operating Segments. historical credit losses adjusted for current and Other revenue is recognised when it is received or The above figures are reconciled to cash and cash forward-looking factors specific to the debtors There have been no changes to the basis of when the right to receive payment is established. equivalents at the end of the financial year as shown and the economic environment. segmentation or the measurement basis for the segment in the statement of cash flows. profit or loss during the year ended 31 December 2020. 2020 2019 2020 2019 $’000 $’000 2020 2019 2.2 REVENUE $’000 $’000 REVENUE $’000 $’000 The Foundation’s revenue consists mainly of revenues TRADE AND OTHER RECEIVABLES - CURRENT Managed funds distribution 5,860 7,632 RECONCILIATION OF LOSS AFTER TAX from managed fund distributions. TO NET CASH FROM OPERATING ACTIVITIES Income accrued 1,016 1,509 Total revenue 5.860 7.632 Profit after income tax expense Settlement due from Australian The Foundation has no material contracts where the 5,328 31,412 - 4,366 period between the transfer of promised goods or for year Olympic Committee Inc. 2.3 INCOME TAX EXPENSE services to the customer and payment by the customer  Adjustments for: Prepayments 71 68 Under current income tax legislation, the Foundation is exceeds one year. As a consequence, the Foundation Transfer (to)/from reserves 919 (20,536) Other 4 9 does not adjust any of the transaction prices for the not liable for income tax provided its taxable income is (Gains)/loss on realisation of units 1,091 5,952 time value of money. fully distributed. (647) (3,036) in managed funds As at 31 December 2020, the expected loss rate was Change in operating assets nil resulting in a nil loss provision for trade receivables and liabilities and contract assets. The total balance of $1,091,000 is Trade and other receivables 495 38 current (less than 30 days outstanding). Trade payables - (17) Total revenue 6,095 7,861

141 142 3.3 INVESTMENTS 2020 2019 5.3 RELATED PARTY TRANSACTIONS  $’000 $’000 SECTION 5   The Trustee is a company limited by guarantee. ACCOUNTING POLICY TRADE AND OTHER PAYABLES - CURRENT OTHER DISCLOSURES The Articles of Association of the Trustee prescribe Amounts owing to the Australian that the members of the Trustee shall be the voting Olympic Committee Inc. - 4,633 This section focuses on other disclosures relevant All investments are initially recognised at cost, members of the Executive of the Committee from time being the fair value of the consideration given and (refer to note 5.3) to the financials of the Foundation including key management personnel and auditor information. to time. The Articles of Association further prescribe including acquisitions charges associated with the Other payables 57 49 that a voting member of the Executive of the Committee investment. 57 4,682 on being deemed to be admitted to membership of After initial recognition, investments are classified 5.1 KEY MANAGEMENT PERSONNEL the Trustee shall likewise be deemed to be appointed a  Director of the Trustee and that the President of the as financial assets at fair value through profit and DISCLOSURES loss and measured as such. Gains or losses are Committee presided as Chair of the Trustee. recognised in the statement of comprehensive SECTION 4 The aggregate compensation made key management  The Foundation income. personnel of the Foundation is set out below: EQUITY No transactions have taken place during the year For investments that are actively traded 2020 2019 between the Foundation and the Trustee. This section focuses on the equity position of the in organised financial markets, fair value is $’000 $’000 determined by reference to valuations advised Foundation, with disclosures including issued and paid up The Committee Consulting fees 165 165 by fund managers on the statement of financial capital and reserves. The Committee is the primary beneficiary of the position to date. 165 165 Foundation. During the year a number of transactions have occurred between the Foundation and the The Members of the Board serve on an honorary basis 4.1 CAPITAL RESERVE Committee. As at balance date, the Foundation owed the  apart from the benefit of Directors’ and Officers’ Liability 2020 2019 Committee a total of $Nil (2019: $4,633,000) including Insurance. Consulting fees were paid to G Wayling for $’000 $’000 2020 2019 distribution income of $Nil (2019: $4,626,000) to be the provision of consulting services in his capacity as $’000 $’000 paid, and the Committee owes the Foundation $Nil INVESTMENTS - CURRENT Executive Director of the Foundation. Managed funds at the beginning Opening balance 171,415 150,879 (2019: $4,366,000). 158,223 140,254 of the financial year Transfer to reserves: Gain/(loss) on investments (919) 15,074 Unrealised gain on revaluation of 5.2 REMUNERATION OF AUDITORS (919) 15,074  Acquisition/(disposal) of investments 590 2,895 investments Settlement from the Australian During the financial year the following fees were paid - 5,462 Managed funds at the end of Olympic Committee Inc. or payable for services provided by Ernst & Young, the 157,894 158,223 the financial year 170,496 171,415 auditor of the Foundation.

Capital Distribution (3) - 2020 2019 3.4 TRADE CREDITORS Closing balance 170,493 171,415 $’000 $’000 AND OTHER CREDITORS Audit of the financial statements 26 25 Other services in relation to the ACCOUNTING POLICY Foundation for taxation compliance 12 11 review Trade and other payables represent the liabilities 38 36 for goods and services received by the Foundation that remain unpaid at the end of the reporting In accordance with the Foundation’s Audit and Risk period. The balance is recognised as a current liability Committee Charter, it is believed that the non- with the amounts normally paid within 30 days of audit services provided are in the nature of taxation recognition of the liability. compliance reviews and as such the existing knowledge of the statutory auditor brings insight and synergy to the Foundation without impacting the actual or perceived independence of the quality of the auditor’s ongoing assurance engagements.

143 144 5.4 Interest Non-Interest FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Bearing Bearing Total FAIR VALUE OF FINANCIAL INSTRUMENTS 2019 2019 2019 $’000 $’000 $’000 Due to their short-term nature, the carrying amount of the current trade receivables, current payables and current borrowings is assumed to approximate their fair value. Loans and borrowings are recognised at their fair value of the FINANCIAL ASSETS consideration received, net of transaction costs. Cash and cash equivalents 11,922 - 11,922 Trade and other receivable - 5,952 5,952 FINANCIAL RISK MANAGEMENT Investments - 158,223 158,223 The Board monitors and manages the financial risk related to the operations of the Foundation. Exposure to a variety of financial risks, credit risk and interest rate risk arises in the normal course of the Foundation’s business. The risk Total financial assets 11,922 164,175 176,097 management policies are designed to minimise potential adverse effect on the Foundation’s financial performance. FINANCIAL LIABILITIES The Foundation holds the following financial instruments as at the reporting date: Trade and other payables - 4,682 4,682 2020 2019 Total financial liabilities - 4,682 4,682 $’000 $’000 The Foundation receives interest on its cash deposits based on daily balances and at balance date was exposed to a FINANCIAL ASSETS weighted average variable rate of 0.03% – 1.90% (2019: 0.73% – 2.34%) Cash and cash equivalents 11,565 11,922 There is no interest payable on trade and other payables for the Foundation as at balance date. Trade and other receivables 1,091 5,952 CREDIT RISK Investments 157,894 158,223 Credit risk represents the risk of financial loss to the Foundation if a counterparty of the financial instrument fails 170,550 176,097 to meet its contractual obligations and arises principally from the Foundation’s receivables from investments. This in turn is influenced by the characteristics of each fund manager and the Foundation regularly assess the FINANCIAL LIABILITIES creditworthiness of its fund managers. Trade and other payables 57 4,682 The Foundation’s maximum exposure to credit risk at the reporting date was: 57 4,682 2020 2019 INTEREST RATE RISK $’000 $’000 Interest rate risk is the risk that changes in interest rates will affect the Foundation’s income or the value of its holding in financial instruments. The Foundation’s objective is to manage and control market risk exposures within acceptable FINANCIAL ASSETS parameters while optimising returns. Cash and cash equivalents 11,565 11,922 The table below sets out the interest rates applicable to financial instruments that are exposed to interest rate risk: Trade and other receivables 1,091 5,952 Investments 157,894 158,223 Interest Non-Interest Total financial assets 170,550 176,097 Bearing Bearing Total 2020 2020 2020 The credit quality is assessed and monitored as follows: $’000 $’000 $’000 FINANCIAL ASSETS Equivalent Internally rated S&P rating 1 - no default Total Cash and cash equivalents 11,565 11,565 $’000 $’000 $’000 Trade and other receivables - 1,091 1,091 FINANCIAL ASSETS Investments - 157,894 157,894 As at 31 December 2020 Total financial assets 11,565 158,985 170,550 Cash and cash equivalents 11,565 - 11,565

FINANCIAL LIABILITIES Trade and other receivables 1,091 - 1,091 Trade and other payables - 57 57 Investments 157,894 - 157,894 Total financial liabilities 57 57 Total financial assets 170,550 - 170,550

As at 31 December 2019 Cash and cash equivalents 11,922 - 11,922 Trade and other receivables 5,952 - 5,952 Investments 158,223 - 158,223 Total financial assets 176,097 - 176,097

145 146 5.4 FINANCIAL INSTRUMENTS AND RISK MANAGEMENT - continued STATEMENT BY THE BOARD MANAGED FUNDS PRICE RISK The Foundation’s exposure to managed funds price risk relates primarily to the Foundation’s investment portfolio. As detailed in Note 1.1 to the financial statements, this general purpose reduced disclosure financial report has been The risk is managed by the Foundation’s Investment Advisory Committee and investment consultant Mercer prepared for distribution to the members and the Board. Investment Consulting who provide advice on the appropriate mix of investments. The members of the Foundation’s Investment Advisory Committee are shown in the Members of the Board of Trustees Report. The financial statements and notes have been prepared in accordance with applicable accounting standards, the disclosure requirements of the law and the Trust Deed date 16 February 1996. The Foundation’s maximum exposure to managed funds price risk at the reporting date was: In the opinion of the Board of the Trustee, the financial statements as set out on pages 135 to 147 present fairly, 2020 2019 in accordance with applicable accounting standards, the requirements of the law and the Trust Deed: $’000 $’000 (a) the result and cash flows of the Foundation for the year to 31 December 2020; and FINANCIAL ASSETS (b) give a true and fair view of the financial position as at 31 December 2020 and of the performance for the year Investments 157,894 158,223 ended on that date of the Foundation. Total financial assets 157,894 158,223 In the opinion of the Board of the Trustee, at the date of this statement, there are reasonable grounds to believe that the Foundation will be able to pay its debts as and when they become due and payable. 5.5 COMMITMENTS AND CONTINGENT LIABILITIES This statement is made in accordance with a resolution of the Board at Sydney, NSW on 26 March 2021. The Foundation has entered into an agreement to invest $10m with an Australian unlisted infrastructure fund (‘the Fund’). At 31 December 2020, the Fund has not made a call on the Foundation as they have yet to enter into firm funding arrangement for any new infrastructure projects that would require the funds to be invested. The Fund usually issues a call on investors with a three-month notice period before the Foundation would be required to fund the investment. This commitment formally expires in September 2021. The Foundation has provided Westpac Banking Corporation (‘Westpac’) with a Guarantee and Indemnity dated 20 September 2001 in respect of all liabilities and obligations of the Committee under a foreign exchange facility. As at balance date, the Committee has a Forward contract to sell USD3,400,000 buy AUD in December 2021 and a Forward contract to sell USD3,400,000 buy AUD in December 2022. The Foundation has provided the following guarantees and indemnities to Westpac in respect to of all liabilities and obligations of the Committee under: J D COATES AC I CHESTERMAN AM • a Cash Advance Facility of $10,000,000 (dated 26 March 2021). The term of the facility is 31 May 2022; Chair Director • an Overdraft Facility of $1,000,000 (dated 23 November 2017). The term of the facility is the period up to the Australian Olympic Foundation Australian Olympic Foundation date that Westpac demands repayment of outstanding amounts; • a Corporate Card Facility of $250,000 (dated 17 October 2019). The term of the facility is the period up to the date that Westpac demands repayment of outstanding amounts.

5.6 E VENTS SUBSEQUENT TO THE END OF THE FINANCIAL YEAR There are no significant matters sufficiently advanced or at a level of certainty that would require disclosure, that have arisen since the end of the financial year, which significantly affect the operations of the Foundation, the results of those operations or the state of affairs of the Foundation in future financial years.

147 148 INDEPENDENT AUDIT REPORT

Ernst & Young Tel: +61 2 9248 5555 200 George Street Fax: +61 2 9248 5959 Sydney NSW 2000 Australia ey.com/au GPO Box 2646 Sydney NSW 2001

Responsibilities of the Trustees for the Financial Report

Independent Auditor's Report to the Members of Australian Olympic The trustees of the oundation are responsile for the preparation and fair presentation of the financial Foundation report in accordance with Australian Accounting Standards – Reduced isclosure Requirements and financial reporting requirements of the Trust eed and for such internal control as the trustees determines is necessar to enale the preparation and fair presentation of the financial report that is free Opinion from material misstatement whether due to fraud or error n preparing the financial report the trustees are responsile for assessing the oundation’s abilit to e have audited the financial report of ustralian lympic oundation the oundation, which comprises continue as a going concern disclosing as applicale matters relating to going concern and using the the statement of financial position as at ecember , the statement of comprehensive income, going concern asis of accounting unless the trustees either intend to liquidate the oundation or to statement of changes in euity and statement of cash flows for the year then ended, notes to the cease operations or have no realistic alternative ut to do so financial statements, including a summary of significant accounting policies, and the chairman’s review.

n our opinion the accompanying financial report presents fairly, in all material respects, the financial position of the oundation as at ecember , and its financial performance and its cash flows for Auditor's Responsibilities for the Audit of the Financial Report the year then ended in accordance with ustralian ccounting tandards – educed isclosure euirements and financial reporting reuirements of the rust eed. ur oectives are to otain reasonale assurance aout whether the financial report as a whole is free from material misstatement whether due to fraud or error and to issue an auditor’s report that includes our opinion Reasonale assurance is a high level of assurance ut is not a guarantee that an audit Basis for Opinion conducted in accordance with the Australian Auditing Standards will alwas detect a material misstatement when it eists isstatements can arise from fraud or error and are considered material if individuall or in the aggregate the could reasonal e epected to influence the economic decisions of e conducted our audit in accordance with ustralian uditing tandards. ur responsibilities under users taen on the asis of this financial report those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. e are independent of the oundation in accordance with the ethical

requirements of the Accounting Professional and Ethical Standards Board’s APES 110 ode of thics for As part of an audit in accordance with the Australian Auditing Standards we eercise professional rofessional Accountants the ode that are relevant to our audit of the financial report in ustralia. e udgment and maintain professional scepticism throughout the audit e also have also fulfilled our other ethical responsibilities in accordance with the ode.

• dentif and assess the riss of material misstatement of the financial report whether due to fraud e believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for or error design and perform audit procedures responsive to those riss and otain audit evidence our opinion. that is sufficient and appropriate to provide a asis for our opinion The ris of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud ma involve collusion forger intentional omissions misrepresentations or the override of Information other than the financial report and auditor’s report thereon internal control

he directors are responsible for the other information. he other information is the embers of the • tain an understanding of internal control relevant to the audit in order to design audit Board of the Trustee’s Report accompanying the financial report. procedures that are appropriate in the circumstances ut not for the purpose of epressing an opinion on the effectiveness of the oundation’s internal control. ur opinion on the financial report does not cover the other information and accordingly we do not epress any form of assurance conclusion thereon. • Evaluate the appropriateness of accounting policies used and the reasonaleness of accounting estimates and related disclosures made the trustees n connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or • onclude on the appropriateness of the trustees use of the going concern asis of accounting and our nowledge obtained in the audit or otherwise appears to be materially misstated. ased on the audit evidence otained whether a material uncertaint eists related to events or conditions that ma cast significant dout on the oundation’s ability to continue as a going f, based on the wor we have performed, we conclude that there is a material misstatement of this other concern f we conclude that a material uncertaint eists we are required to draw attention in our information, we are reuired to report that fact. e have nothing to report in this regard. auditor’s report to the related disclosures in the financial report or if such disclosures are inadequate to modif our opinion ur conclusions are ased on the audit evidence otained up to

the date of our auditor’s report. However, future events or conditions may cause the oundation to cease to continue as a going concern

A member firm of Ernst & Young Global Limited A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation Liability limited by a scheme approved under Professional Standards Legislation 149 150

• Evaluate the overall presentation structure and content of the financial report including the disclosures and whether the financial report represents the underling transactions and events in a manner that achieves fair presentation

e communicate with the Trustees regarding among other matters the planned scope and timing of the audit and significant audit findings including an significant deficiencies in internal control that we identif during our audit

Ernst oung

aniel unningham Partner Sdne arch 01

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation 151 AUSTRALIAN OLYMPIC COMMITTEE INCORPORATED Level 4, Museum of Contemporary Art 140 George Street, Sydney, NSW 2000 P: +61 2 9247 2000 olympics.com.au