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Annual Report | 2018-19 2018-19 Annual Report | Sydney Olympic Park Authority 1 Annual Report | 2018-19 2018-19 Annual Report | Sydney Olympic Park Authority 3 Letter to Shareholding Minister 31 October 2019 The Hon. Rob Stokes, MP Minister for Planning and Public Spaces 52 Martin Place SYDNEY NSW 2000 Dear Minister We have pleasure of submitting, for your information and presentation to Parliament, the Sydney Olympic Park Authority Annual Report for the year ended 30 June 2019. The report has been prepared in accordance with the Annual Reports (Statutory Bodies) Act 1984 (NSW) and the Annual Report (Statutory Bodies) Regulation 2015 (NSW). The report details the work, achievements and relevant statutory and financial information of Sydney Olympic Park Authority. Yours sincerely The Hon. John Fahey AC Charles Moore Chairman Chief Executive Officer 4 2018-19 Annual Report | Sydney Olympic Park Authority Contents 6. Chairman’s Report 16. The 2018-19 Year in Review 7. CEO’s Report 17. Highlights 9. About Us 20. Committees 10. Business Plan 2019-23 22. State of the Environment Report 11. Strategy Map 50. Return on Investment 12. Organisational Chart 52. Economic or other factors af- 13. The Board fecting achievement of opera- tional objectives 2018-19 Annual Report | Sydney Olympic Park Authority 5 53. Major Capital Works 62. Consumer Response 53. Accessibility and Inclusion 62. Human Resources 58. Indigenous Engagement 64. Risk Management and 60. Multicultural Services Program Insurance 60. Place Activation and 69. Financial Statements Strategy 109. Appendix 1: Report of Operations 60. Arts, Culture and Activation 6 2018-19 Annual Report | Sydney Olympic Park Authority range of exceptional experiences, Chairman’s unrivalled by any other precinct. Sydney Olympic Park’s success Report as a major event precinct and its continued evolution as an employment and residential hub relies upon effective transport In the almost two decades since links. As such, we welcomed the the Sydney 2000 Olympic and announcement from the NSW Paralympic Games, Sydney Government in March 2019 that Olympic Park has firmly construction of Metro West will established itself as Australia’s commence in 2020, along with the premier major events destination allocation of $6.4 billion for the and the home of sport. project in the recent State budget. But it is much more than that. Together with the planned second The approval in July 2018 of the stage of Parramatta Light Rail, Sydney Olympic Park Master Plan this will be a true game changer 2030 (2018 Review) has provided for Sydney Olympic Park, and it a roadmap for the continued was pleasing to see these projects evolution of the Park into a vibrant progress during 2018-19. town centre and lifestyle precinct. There are many challenges ahead, By 2030 the Park could be home not least of which is maintaining to a daily population of more than and replacing ageing assets within 80,000 residents, workers, visitors the limits of our operating budget, and students, reinforcing the key but the board, together with our role it has in the development executive team and the Authority’s of the Greater Parramatta and staff will continue to work hard Olympic Peninsula region. to ensure our venues, parklands While many more people will and public domain offer a world- live and work in Sydney Olympic class experience for the millions of Park in the future, sport will people who pass through the Park always be an important part of each year. its DNA. During 2018-19 this fact Next year will mark 20 years was reinforced with NSW Rugby since the 2000 Sydney Olympic League moving into its new home and Paralympic Games. As we opposite ANZ Stadium and Cricket approach that milestone, we do so NSW announcing that it will not looking backwards, but looking build a new $54 million Centre of forwards to the opportunities that Excellence and Community facility exist ahead of us, and the ways in the Park. A further $50.5 million in which we can ensure Sydney is being invested by the NSW Olympic Park continues to set the Government into an upgrade of example for other precincts in the Sydney Olympic Park Tennis Australia and around the world to Centre, transforming it into an all- follow. weather indoor venue for tennis, Super Netball and other indoor- court sports. This is not just about supporting elite sport; it is also about fulfilling The Hon. John Fahey AC our mission and creating spaces Chairman where people can enjoy a diverse 2018-19 Annual Report | Sydney Olympic Park Authority 7 host location for the Invictus CEO’s Report Games Sydney. Over seven inspiring days the Park hosted around 500 competitors and their families from 18 2018-19 was a year of transition countries, and everyone involved in and achievement for Sydney the staging of this wonderful event Olympic Park Authority. The year for wounded warriors is proud to was marked by a number of have played their part. important milestones for the Park, During 2018-19 the Park was beginning with the approval of impacted by a state-wide decline Sydney Olympic Park’s Master in the residential property market Plan 2030 (2018 Review) in July. and the widely reported building This plan provides a clear and defects at Opal Tower created exciting vision for the future a number of challenges for the direction of development within tower’s residents, builder, developer the town centre. and the Authority. Based on current In January 2019 the Authority advice, the rectification works are relocated to a new office, nearing completion and we look providing a more connected and forward to all units being available collaborative workplace for our for occupation prior to year end. growing business. Our new offices Despite the challenges, we have been designed with 6 Star continue to progress towards Green Star principles firmly in our Master Plan objective of mind, and the Authority remains having 23,500 residents living committed to making Sydney in the Park by 2030, with work Olympic Park the first Olympic progressing well on Ecove’s precinct in the world to achieve Boomerang residential tower, as a 6 Star Green Star rating. Our well as the new Mirvac Pavilions Green Star application is on track development, which will include to be submitted in August 2019 and the company’s first “Build-to-Rent” a decision on our accreditation is asset in Australia. expected before the end of the year. Looking ahead there is much Sydney Olympic Park is a to be excited about in 2019-20 gathering place which plays host and beyond. Once complete, to more than 10 million people the Parklands Future Directions each year and we are committed strategy will provide a new vision to providing the best possible for our 430 hectares of parklands, experience to the people that live, and in September 2019 a stadia work and play here. To this end, design competition will commence the Authority increased its focus to transform the precinct on “place making” within the Park surrounding ANZ stadium into during 2018-19, including initiatives a “green heart” for the precinct. such as the completion of our The closure of the stadium for first Reconciliation Action Plan, redevelopment in 2020 will bring efforts to connect more closely challenges, but also opportunities, with our local community, and the as we seek to ensure more people development of our Parklands discover the many outstanding Future Direction strategy. reasons to live, work and play in The Authority is committed to Sydney Olympic Park. ensuring it remains a world- leading precinct manager, and our credentials in that area were firmly on display in October 2018 when Sydney Olympic Park returned to Charles Moore the world stage as the primary Chief Executive Officer 8 2018-19 Annual Report | Sydney Olympic Park Authority 2018-19 Annual Report | Sydney Olympic Park Authority 9 About Us Our Vision Sydney Olympic Park Authority is responsible for the day-to- Sydney Olympic Park day management of all public is an internationally places, 430 hectares of parklands, and seven sporting venues. This recognised place with includes the management of buildings, facilities and landscape world-class events, assets; conservation of water, venues, parklands energy and resources; protection of the Park’s environment, ecosystems and a great place to and heritage; delivery of programs live and work, built on and events to enhance the visitor experience; provision of sports its Olympic legacy in and leisure facilities; and general coordination of the operation and a sustainable way. development of the precinct. Under the guidance of Master Plan 2030 (2018 Review), the Authority is Our Mission managing the continued evolution of Sydney Olympic Park, ensuring To curate it remains an internationally- world-class places admired example of sustainable urban renewal and development; a and events that precinct that successfully integrates world-class venues, public spaces, deliver exceptional parklands and events with a customer experience. growing community of workers, residents, students and visitors; and Sydney Olympic Park Authority a valued legacy of the Sydney 2000 was established on 1 July 2001 Olympic and Paralympic Games. as a statutory body of the NSW Government under the Sydney Olympic Park Authority Act 2001 (NSW). The Authority is responsible for managing and developing the 640 hectares that comprise Sydney Olympic Park and maintaining this precinct as a lasting legacy for the people of NSW. 10 2018-19 Annual Report | Sydney Olympic Park Authority The Business Plan provides clear • (to be a) World-Class Precinct Business Plan direction and objectives for the Manager; organisation in the short–to- • Facilitator of Exceptional medium term future. It provides Customer Moments and 2019-23 detail to, and is driven by, Sydney Experiences; Olympic Park Authority’s high-level • Driving Activation and Strategy Map.
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