ANNUAL REPORT

2009/2010

Triathlon Australia Limited ABN 67 007 356 907

Level 3 256 Coward Street Mascot New South Wales 2020 Australia

Telephone +61 2 9972 7999 Facsimile +61 2 9972 7998 Email info@triathlon.org.au www.triathlon.org.au

All photographs used in this report are courtesy of Delly Carr

Principle Partner

CONTENTS

Mission Overview 4 Patron‟s Message 5 President‟s Review 6 Message from the Australian Sports Commission 9 Triathlon Australia Board of Directors 10

Triathlon Australia Executive Staff 12 Triathlon Australia State Associations 12 Triathlon Australia Committee Members 13 2009-2010 Around the Nation Highlights 14

National Duathlon Series Report 18 ITU Triathlon World Championship Series Grand Final, Gold Coast 19 ITU Long Distance Triathlon World Championships, Perth 20

ITU Triathlon World Championship Series, Sydney 21 Honour Board 22 Triathlon Australia Hall of Fame 23 2009/2010 National Age Group Champions 24 2009/2010 World Age Group Representatives 26

Committee Reports 30

2010 Sydney ITU WCS Committee 30

IT/Database Working Committee 32

2009/2010 High Performance Athlete Selection Committee 33

National Calendar Committee 36

National Technical Committee 36

Financial Report 38

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MISSION OVERVIEW

VISION “To be a leading triathlon nation and grow the sport of triathlon in Australia”

MISSION “To ensure the existence of quality participation opportunities and pathways within the sport of triathlon in Australia”

CORE BRAND VALUES

Health Enjoyment Belonging Achievement

KEY OBJECTIVES

Organisational Excellence Objective “To build a sustainable and prosperous organisation by enabling innovation, collabo- ration and excellence in the development of its assets”

Participation Objective “To grow participation in the sport of triathlon by providing leadership and increased opportunities”

Memberships Objective “To grow membership by increasing the number of new members and retaining exist- ing members”

Events Objective “To ensure that opportunities exist at all levels to compete in events of the highest quality through leadership and collaboration”

High Performance Objective “Sustained international success through the provision of an effective and efficient athlete and coach pathway”

Brand Objective “To develop the brand of triathlon so as to increase external investment in the sport”

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THE PATRON OF TRIATHLON AUSTRALIA

Mr Phil Coles

As Patron of Triathlon Australia I am thrilled to have witnessed the outstanding development of the sport since its first Olympic recog- nition at the Sydney 2000 Games.

It was at a meeting with President Juan Antonio Samaranch in Paris during the 1994 IOC Congress that he first expressed his wish to add two new sports to the Sydney Games programme. He asked for my thoughts on the matter and I immediately suggested Triathlon and Taekwondo. I considered Taekwondo worthy of in- clusion because of its long history and large participation base. On the other hand I believed Triathlon to be a wonderful candidate as a new sport which offered an excellent concept for exciting television coverage, with appeal to all age groups. Happily President Samaranch agreed that these two sports would be the perfect additions for Sydney 2000.

As my interest in triathlon grew I became more involved in promoting the sport, serving for a number of years as Secretary General of the ITU.

In 2000 the Sydney Olympic Games Organising Committee scheduled Triathlon as the first event on the programme. As a result the world was able to thrill to the spectacle of great athletes competing in an exciting new event with the beautiful backdrop of Sydney Harbor and the Opera House. What a wonderful showcase for Triathlon‟s Olympic debut.

Since that time world Triathlon has gone from strength to strength and Triathlon Australia has produced a steady stream of outstanding and competitive triathletes. Triathlon Australia is to be congratulated for its outstanding achievements.

I am very proud to have played a part in Triathlon‟s developmental journey and am extremely honoured to be recognized as the Patron of Triathlon Australia.

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PRESIDENT‟S REVIEW

Mr Peter Hedge

Australians again dominated the world stage during this year and our con- gratulations go to Emma Moffatt who was crowned World Champion in the Gold Coast as the Series winner of the ITU World Championship Series in 2009 and to Craig Alexander who was again crowned Ironman World Cham- pion in Hawaii.

It was also my great pleasure to present the Australian Triathlete of the Year Award to Craig Alexander at a ceremony in Mooloolaba earlier this year.

The Triathlon Australia Hall of Fame was established during the year. The inaugural inductees where Greg Welch, Michellie Jones and Miles Stewart. These legends of our sport were deserving recipients of the inaugural awards.

Our country hosted the International Triathlon Union (ITU) World Championships in all three ITU disciplines towards the end of 2009. The Sprint and Olympic distance World Champion- ships were held on the Gold Coast and the Long Distance World Championships were held in Perth. The events were an outstanding success and a credit to the organisers and the athletes who participated.

Our sport returned to the site of the Sydney Olympic Games triathlon event when in April this year we hosted the inaugural round of the ITU World Championship Series in Sydney. The Sydney event is now a permanent feature in the ITU World Championship Series and will be the cornerstone event for a weekend of triathlon activity including an Olympic distant age group event in the centre of the city of Sydney. Such an event would not have been possible without the significant support from Events NSW and our event delivery partner for this Syd- ney event, USM Events. The significant contribution of this event to the profile of our sport cannot be underestimated.

The 2010 World Championship Series will be decided at Budapest later this year and Austra- lians are again lining up for the podium.

One of the most significant achievements this year for the future development of our sport was the finalisation by the Board of the 2010 – 2015 strategic plan for Triathlon in Australia. This strategic plan was the result of significant time and effort from the Australian Sports Commis- sion (ASC) working collaboratively with the volunteer and executive resources from amongst our State and National associations. The document is available for all members to view on our website. I commend this document to you as it serves as a guiding principle for our sport at every level to align our interests and focus our energy to achieve a common goal.

The inaugural whole-of-sport conference titled “Share the Vision” in June 2010 has been hailed by attendees as a watershed event aimed at bringing all the relevant stakeholders of our sport together to share the vision outlined by the strategic plan, and to start working together to ensure our sport develops for the benefit of all members.

As with all good strategic plans the ability to execute requires the appropriate structure and resourcing to be established and this has been a priority of the current Board during its first term in office.

A number of new subcommittees were formed and new blood introduced to existing commit- tees. As a sport we are indeed indebted to those dedicated individuals who tirelessly support these committees.

Our deepest appreciation to Frank Stapleton and those from his National Technical Committee

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who retired at the end of the financial year and congratulations to Jacqui Kenny and her newly appointed team who took office as our new National Technical Committee at the end of June.

For the first time in many years a National Calendar Committee was formed and achieved the objective of publishing a national calendar by the end of June this year. This committee will be continuing to develop initiatives to manage and communicate this most important tool to our members. Tony Newham as the inaugural Chairman and his team are to be congratulated on their achievements.

Basic governance initiatives have also been a priority for the current Board. The newly formed Finance and Audit Committee chaired by David Ferrier has achieved extraordinary results in completing last year‟s accounts during the year and subsequently finalising the June 2010 au- dited financial statements attached with this Annual Report. Our sincere appreciation to David Ferrier for his work in this area.

A significant project born out of our clearly defined strategic objectives has been a whole-of- sport IT/web database project. David Hislop initiated this project and as our inaugural Chair formed a committee to develop our needs and specifications. Luke Littler, the current Presi- dent of BRATS Triathlon Club, stepped up to the mark as work commitments took David away from us and has continued to lead an outstanding group of individuals from across all States in the development of this project . With National and State co-operation it is anticipated this project will be completed during the forthcoming year. I am excited at the significant benefits and opportunities this project presents for our sport and to each of us as individual members.

The executive resources within our national office have undertaken significant change during the year. We have seen the departure of Andrew Hamilton after five years in the role together with Karen Higgs, Jerry Wiltshire and Katrina Brown from the office. Our sincere appreciation is extended to each of these individuals for the time and effort they have committed to the development of our sport during their time with the Association.

A number of significant appointments have been made within our executive ranks. It is with extreme delight that the Board was able to secure the appointment of Anne Gripper as the Na- tional Chief Executive Officer of our National Federation. Anne‟s appointment followed an ex- ecutive search process which presented to the Board Selection Committee an outstanding short-list of candidates. Having recently returned from a senior role with the International Cy- cling Union in Lausanne, Anne commences in her new role with Triathlon Australia in the mid- dle of September 2010 and will bring an unprecedented level of experience to this vital role within our organisation.

Pending the appointment of our new CEO, Alexandra Fehon assumed the role of our Senior Executive Officer since March 2010. We are all deeply appreciative to Alex for stepping into this role. Alex has done an extraordinary job with the assistance of all executive officers from each State association and with the support and guidance of many National and State Board members.

As the National sporting federation for Triathlon, we are privileged to be associated with the Australian Olympic Committee (AOC) and to receive support for our high performance athletes from the ASC, incorporating the Australian Institute of Sport (AIS). During the year the Craw- ford Report was a significant document addressing the issue of government funding for high performance and development programs for sports within Australia. Through submissions by the AOC and many other important national sporting bodies an outcome was achieved for sports in Australia such as triathlon which is positive compared with the initial Crawford recom- mendations. As a National sport, we are grateful to all those who engaged in the debate and it is at times like this that you realise the importance to us as Triathletes of being part of a strong Association with direct links to the AOC and ASC.

There was much speculation and discussion amongst triathletes surrounding the decision by the newly appointed Board not to proceed with the scheduled 2010 Challenge Series. It was of course the only financially responsible course of action at the time.

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The continuation of our Australian championship events however remained paramount. Our thanks and congratulations go to all those event organisers who partnered with our National and State Associations during the year to host Australian championship events and to ensure the pathways for our athletes to be recognised at a national level and represent Australia on the world stage were maintained.

Vibrant relevant Australian championship events are so important to our sport for many rea- sons. This includes the creation of opportunities for our high performance athletes to hone their skills in a competitive environment worthy of their participation. Furthermore the oppor- tunity to enable our age-group athletes to participate in world-class events and provide oppor- tunities to qualify to represent their country at world championship level is of great impor- tance.

As a National association, the desire to develop a sustainable world-class national series has remained on the Board agenda during this year. I am excited to confirm that arrangements are currently being finalised to deliver a national series incorporating guaranteed prize money for our professional athletes and television coverage for the event, two important criteria to continue the development of our sport within the country at the highest level. The announce- ment of these races will be made during the forthcoming year and with the ongoing collabora- tion of the National and State associations I envisage the racing and triathlon opportunities will continue to develop and evolve in line with our whole-of-sport strategy.

We continue to conduct an outstanding high performance and athlete development program under the guidance of our Director of High Performance, Michael Flynn and our National Talent and Development Manager Craig Redman. This is an area that the Board has identified as having a great deal of potential for our sport. New partners and additional support from the ASC should realise opportunities to develop the “pathway to podium” concept within our sport.

With the lead up to London 2012 and the announcement of the Olympic Games in Rio in 2016, planning is well underway to identify and develop our next generation of medallists on the Olympic podium.

In addition to our Olympic pathways one of the attractive features of our sport is its diversity. From events aimed at promoting community health and wellbeing amongst our youth, spon- sored by such organisations as Sanitarium, through to the ironman events now being devel- oped by event organiser, WTC, our National, State and Club associations all play an important role in ensuring the safety and fairness of such events for all our member participants.

Our sport only thrives through the many volunteers and executives who promote and support the ideals and objectives of our Triathlon associations across the country. From those who rise at 4am to ensure a safe and fair competition for their fellow members, to those who work in the back office lobbying government and council authorities to allow us to use public roads and facilities to enjoy our sport I extend our thanks and sincere appreciation on behalf of all Triath- letes.

If we wish to have a strong and effective Triathlon Association in Australia which represents our needs and warrants the attention and support from our community then we all must form a cohesive and inclusive National Triathlon Association and be committed to supporting our Association, unconditionally.

Finally, I wish to acknowledge and sincerely thank the Directors and staff of our National and State Associations, and our affiliated Club committees, for their commitment and efforts during the year and to everyone for sharing the vision for our sport of Triathlon in Australia.

Peter Hedge President Triathlon Australia Limited

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MESSAGE FROM THE AUSTRALIAN SPORTS COMMISSION

The Hon. Warwick Smith AM, Chairman Board of the Australian Sports Commission

It is an honour to serve as the new Chair of the Australian Sports Commission (ASC) Board at this challenging and exciting period for our national sporting system.

The ASC and national sporting organisations (NSOs) have long spo- ken of a shared ambition to strengthen relationships between all system partners involved in Australian sport.

Aligned with this ambition, the Australian Government is now en- couraging a whole-of-sport reform agenda, aimed at establishing a more collaborative, efficient and integrated sports system.

Through new direction for sport „Australian Sport: the Pathway to Success‟, the ASC will work closely with sport to achieve its main objectives; boost sports participation and strengthen sporting pathways while striving for international success.

The reform agenda seeks for the ASC to assist to provide stability and support for all sporting organisations in their pursuit of a shared, common purpose; creating a bet- ter sporting pathway for all Australians, from the grassroots up.

The ASC will implement the new direction, and this includes collaboration with all NSOs to allocate a record amount of new sports funding – committing an extra $195 million over the next four years.

This funding is in addition to the current ongoing baseline funding for NSOs. Also, the ASC will assist sporting organisations with access to coaching and officiating pro- grams, governance support, planning and education opportunities and assistance with becoming more inclusive – particularly in the areas of Indigenous sport, sport for people with a disability, sport for people from culturally and linguistically diverse backgrounds and women‟s sport development programs.

This is the first time key sport partners, such as state and territory institutes and academies of sport and state and territory departments of sport and recreation, have collaborated on a Commonwealth funding decision in the interests of Australia's sporting future.

This is an exciting time for all of us involved in Australian sport. With significant new funding from the Australian Government, sports will be better positioned than ever before to lead the drive for higher participation levels and strong success on the sporting field by promoting the unique nature of their sport, creating a legacy and a lasting impression for communities across the country.

The ASC will continue to work with all NSOs, the state and territory institutes and academies of sport and state and territory departments of sport and recreation, rein- vigorating access to, and participation in, sport across the community and driving Australia‟s continued sporting success.

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TRIATHLON AUSTRALIA BOARD OF DIRECTORS

Mr Peter Hedge President

Resident of Sydney, NSW Elected to the Board as President in November 2009

Peter is a former Partner of 16 years of PricewaterhouseCoop- ers and since 2003 has developed a career as an independent consultant, interim executive and independent non-executive director. Peter has extensive experience in risk management, corporate governance, compliance, operational and strategic planning, corporate restructuring, turnaround and business management.

Peter assisted Triathlon Australia and the Australian Sports Commission through various issues confronting the national sporting federation in 2004. Peter has been an active triathlete since the mid-80s and is a member of Balmoral Triathlon Club in Sydney, remaining a regular competitor.

Mr David Ferrier Director

Resident of Melbourne, VIC Elected to the Board as Treasurer in 2009

David is a partner in the forensic accounting team of the inter- national accounting firm KPMG, where he applies more than 20 years experience of accounting expertise to commercial and family related disputes. He previously spent 18 months as the Chief Financial Officer of a private business and is also the for- mer Treasurer of Triathlon Victoria.

He has competed nationally for many years and represented Australia in the age group team at the Vancouver World Cham- pionships in 2008 and as a Board member, combines his love of triathlon with his financial acumen.

Ms Michelle Gallen Director

Resident of Melbourne, VIC Elected to the Board in November 2009

Michelle has represented Australia in swimming, raced at elite level in Olympic Distance triathlon and finished Ironman as an age-grouper. She has served as secretary and treasurer of ACT Rowing, Chair of the ACT Minister‟s Sport and Recreation Coun- cil, Chair of TA‟s Elite Selection Committee and on the Selec- tion Appeals Board of Athletics Australia.

Michelle has legal qualifications including a PhD in sports law. She has worked as a sporting events manager, sports law and policy consultant, senior advisor and policy manager for ASADA and is currently State Facilities Manager for Sport and Recrea- tion Victoria. 10 Annual Report 2009/2010

Mr Murray Hilder Director

Resident of Sydney, NSW Elected to the Board in November 2009

Murray is a technical official with vast national and international experience, having been involved in all levels of triathlon, from juniors to world championships and Olympic Games. Murray has competed in several Ironman races and is a member of Cro- nulla Triathlon Club, where he has served on the committee. Along with performing various senior technical roles at interna- tional events, Murray held the role of Technical Chair and Race Sanctioning Officer for Triathlon NSW from 2003-07, and was instrumental in achieving NOAS accreditation for the Technical Officials Program through the ASC.

He has qualifications in engineering and leads major infrastruc- ture projects within the oil and gas industry.

Mr Anthony Beven Director

Resident of Canberra, NSW Elected to the Board in October 2000

A lawyer by trade and equally qualified in economics and ap- plied finance and investment, Anthony has been a TA Board member since 2000 and is now in his fourth term.

Anthony has been involved at all levels of the sport: as an age group representative at the first World Championships in 1989; a committee member of the Papua New Guinea Triathlon Asso- ciation (1996-1999); as race director of the Arafura Sports Fes- tival Triathlon and numerous other races; and as President of Triathlon Northern Territory (1993–1995 and 2002-2005). An- thony‟s interests and achievements in triathlon are constitu- tional reform, member protection, remote and regional triath- lons and age group services.

Mr Tony Newham Director

Resident of Sydney, NSW Elected to the Board in October 2008

Tony is a professional non executive director. He boasts a back- ground in strategy within the financial services industry, having held executive roles in some of Australia‟s largest banking and wealth management companies.

He holds a Masters of Business Administration (MBA), a BA in Business and is a graduate member of the Australian Institute of Company Directors. Tony has a long history in triathlon, hav- ing competed as an age-group athlete for more than 15 years, including the completion of four Ironman races.

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TRIATHLON AUSTRALIA EXECUTIVE STAFF

Chief Executive Officer Mr Andrew Hamilton (departed 15 March 2010) Ms Anne Gripper (commenced 15 September 2010)

Senior Executive Officer (15 March - 15 September 2010) Age Group Development Manager Mrs Alexandra Fehon

Corporate Services Manager Mrs Joelie Chisholm (commenced 31 August 2010)

Project Manager Kate Gallop (commenced June 2010)

High Performance Programme Staff (Refer to page 35)

TRIATHLON AUSTRALIA STATE ASSOCIATIONS 2009/2010 year

ACT President Mr Garry Muir Executive Officer Mr Mathieu Meriaux

NSW President Mr Stephen Tudjman Executive Officer Mr Peter Tate

NT President Mr David McLeod Executive Officer Ms Robyn Stanley

QLD President Mr Michael Broadbent Executive Officer Ms Joanna Robey

SA President Mr Peter Smith Executive Officer Ms Karen O‟Brien

TAS President Mr Marcus Howard Executive Officer Ms Amelia Pearson

VIC President Mr Don Larkin Executive Officer Mr Gavin O‟Sullivan (departed April 2010) Ms Caryl Oliver (commended May 2010)

WA President Mr Peter Rash Executive Officer Ms Hayley Lethlean

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TRIATHLON AUSTRALIA COMMITTEE MEMBERS 2009/2010 year

To following committees were established during the year to support the Board and activities of the National Federation;

FINANCE AND AUDIT COMMITTEE NATIONAL TECHNICAL COMMITTEE Chairman Chairman David Ferrier Frank Stapleton (30 June 2010)

Members Members Peter Hedge Phil Blumberg Tony Newham Suzie Bower Michael Haasmra Murray Hilder NATIONAL DUATHLON SERIES COMMITTEE Roy Hopper Chairman Bernard Page (Secretary) Joanna Robey Jon Treloar Mathieu Meriaux Gai Webster Dave Williams Members Nimal Wrickmanasinghe Gai Webster Glenn Schwarzel Robyn Stanley 2010 SYDNEY ITU WCS COMMITTEE Peter Smith Chairman David Wells Malcolm Noad Karen O‟Brien Amelia Pearson Members Caryl Oliver Andjelka Bubalo Brian Hinton Andrew Hamilton Ian Harwood Daryl Herbert NATIONAL CALENDAR COMMITTEE Murray Hilder Chairman David Ray Tony Newham Kevin Simmonds Peter Tate Members Stephen Tudjman Karen Higgs (Exec) Brian Hinton Mathieu Meriaux (ACT) Greg Thompson (Treasurer) Peter Tate (NSW) Rebecca Wilmer Robyn Stanley (NT) Jeremy Wilshire (Exec) Joanna Robey (QLD) Karen O‟Brien (SA) Amelia Pearson (TAS) IT/DATABASE WORKING COMMITTEE Gavin O‟Sullivan (VIC) Chairman Hayley Lethlean (WA) David Hislop/Luke Littler

Members 2009/2010 HIGH PERFORMANCE ATHLETE Stephen Bridges SELECTION COMMITTEE Alexandra Fehon (Exec) Chairman Kate Gallop Peter Fitzgerald Debbi Henniker Mick Maroney Members Joanna Robey Michael Flynn Gene Schembri (ASC)

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2009-2010 AROUND THE NATION HIGHLIGHTS

TRIATHLON SOUTH AUSTRALIA

Membership of Triathlon South Australia passed 500 for the first time in 2009/10.

The formation of a Race Committee resulted in a closer interface with Race Directors and a review of the Annual Race Program and the rules applying to sanctioned events.

South Australians figured prominently in Australian teams for the Olympic and Sprint Distance World Triath- lon Championships on the Gold Coast and the Long Dis- tance Championships in Perth.

Triathlon SA, with strong local community support, hosted the 2010 Australian Duathlon Championship in the Barossa Valley on a course that received universal praise from elite competitors.

We inducted 4 members into the hall of fame and 1 life member at a very successful presentation evening.

Our juniors program has been reignited and is attracting interest from juniors from other sports.

EO Karen O‟Brien was the recipient of an Australian Sports Commission 2010 Australian Sports Leadership Grants for Women.

Most clubs strengthened their numbers, resources, fa- cilities and race calendars during the year.

TRIATHLON NORTHERN TERRITORY

Achieved an increase in number of coaches and technical offi- cials.

Appointed a Darwin based Jun- ior Development Coach.

Introduced a junior develop- ment pathway.

A New triathlon club was set up in Gove.

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TRIATHLON NEW SOUTH WALES

TRI NSW Women‟s Triathlon Camp - Held in Forster in August, numerous best practice tips for training and racing given to 50 enthusiastic triathletes, combined with a Women's Triathlon conducted by Forster Triathlon Club and partly funded by Great Lakes Council.

At the prestigious NSW Sports Federation An- nual Sports Awards held in February 2009, our popular Ironman World Champion, Craig Alexan- der, was a finalist in the NSW Athlete of the Year Award category.

Also during the year, TriNSW Technical Secre- tary John Smith received an Officials Recogni- tion Award from the NSW Sports Federation for his significant contributions to the sport, and Murray Hilder and Dave Williams also received Officials Recognition Awards from NSWSF.

TRIATHLON TASMANIA

Triathlon Tasmania hosted the Schools Triathlon Challenge,

The programme was targeted at school children, promoting participation in fun, active and safe Triathlon events.

The initiative proved a great success, with the Hobart event attracting over 2000 students and the Devonport event attracting over 600 students.

Triathlon Australia fully supported this exciting program, aligning with its over- all State and National junior develop- ment pathway. More importantly, it met all the rigorous safety and quality as- surance standards set by Triathlon Aus- tralia under its sanctioning process.

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TRIATHLON WESTERN AUSTRALIA

Triathlon WA initiated some significant projects, delivering greater benefits and support to the members and growing the sport throughout the state:

 An environmental sustainability analysis of the sport of Triathlon and an event sustainability review and audit of the Busselton Festival of Triathlon.  Increased staffing with the inclusion of a Club Devel- opment Officer position to provide 2 full time staff po- sitions and 3 part time positions across various ca- pacities within the organisation .  Increased State Series Race Incentives to the value of $17,000 for 11 races throughout the season.  Upgrades to TWA Office technology and equipment allowing improved communications .  Increased funding support to the Technical Program and support of TO‟s travelling interstate to gain ex- perience.  Growth and development of the Triathlon Excellence Program (TEP) through support from Triathlon Austra- lia and the Department of Sport and Recreation WA to improve athlete pathways, provide coaching support to TEP athletes, provide travel support to TEP athletes participating interstate and internationally, and to provide sports science and sports medicine support to TEP athletes.  Growth and improvement to the Busselton Festival of Triathlon with the inclusion of an athlete function and medal ceremony. TRIATHLON AUSTRALIAN CAPITAL TERRITORY

Triathlon ACT worked tirelessly throughout the year resulting in some major achievements;

Drove and obtained funding to support the development of the Active After School Communities Triathlon Companion Book.

Managed the Australian Olympic Distance Championships 2010 and the Australian Duathlon Champi- onships 2009.

Qualified a Junior athlete to the Youth Olympic Game 2010.

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TRIATHLON QUEENSLAND

Triathlon Queensland successfully achieved;

 A 22% increase in the number of affiliated clubs to a total of 50.  Over 400 Queenslanders repre- senting Australia at the 2010 Dextro Energy ITU World Cham- pionships on Gold Coast.  3 Metro and 2 regional coaching courses.  40 new officials trained across Queensland.  Over 60 sanctioned events throughout the state.  A high selection rate into Elite, U23 & ITU Junior teams.

TRIATHLON VICTORIA

The number and variety of triathlon events and their hybrids is ever increasing as are the number of par- ticipants.

Triathlon is a tier one sport within the Victorian Insti- tute of Sport and was well supported by the State Government Departments.

The State office relocated to new premesis in the Frankston Campus of Monash University.

Triathlon Victoria achieved the strengthening of the pathways through the Triathlon Victoria Development Programme and several new initiatives in schools.

We worked with Race Directors, the Victorian Institute of Sport, the other States, State Government, Clubs and other stakeholders such as Cycle Sport Vic- toria to further the objectives of our sport.

Triathlon Victoria achieved the successful running of the Vic Championships, the Australian Olympic and Short Course Championships, and Duathlon series.

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NATIONAL DUATHLON SERIES REPORT

Duathlon has played a minor role in our sport in Australia, yet remarkably Australian athletes have performed very well on the International Duathlon scene, often self funded. The Australian medal tally at past World Duathlon Championships was impressive, with 7 individual Elite Gold medals, 4 Silver medals and 4 Bronze medals.

The Australian Duathlon Series aims to create an Austra- lian wide competition that provides opportunity for Duathlon competitors to travel and experience events in each state.

The Series combines a number of the larger Duathlon events together into one single competition. Much like the ITU Duathlon Series, this Series gives competitors the opportunity to compete together across many different locations around the coun- try. As no two events are the same in any state, competitors are treated to a wide variety of courses and conditions through- out the series.

While the Australian Duathlon Series is still running with 4 events left to go, there has been a lot of interest in the Series by both competitors and locals alike. A lot of positive feedback has also been received from completed events due to the quality of event conditions and the high level of competition in no small part due to some big names taking part in some of the events.

Race reports from the Gatton Grunt, TriNSW Duathlon and the Barossa Duathlon all had a common theme to them; each provided an excellent course and the majority of competitors had a great day out with elite Duathletes like Raf Baugh looking forward to the events next season.

In 2011, the Series can only get bigger after the amount of feedback by people involved, espe- cially those who were interested in what other events are on the calendar during the year.

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ITU TRIATHLON WORLD CHAMPIONSHIPS SERIES GRAND FINAL, GOLD COAST

GOLD COAST SHINES IN WORLD SERIES GRAND FINALE

The eyes of the triathlon world fo- cused on Australia in September when the first ever grand final of the inau- gural Dextro Energy Triathlon – ITU World Championship Series was held on the Gold Coast.

The Gold Coast proved to be a highly desirable destination for international athletes, securing a record Australian age group team of 1,100 athletes managed by Triathlon Australia. Perfect weather and a fast course saw outstanding racing across all categories, with Australia collecting a number of age group medals, and Emma Moffatt being crowned female Champion.

As the contracted event organiser, USM Events illustrated their scope and expertise in delivering an entire multisport festival, enhancing Australia‟s reputation for hosting world-class sporting events.

The opening ceremony and parade was attended by all 42 countries participating and around 3,000, during which Emma Moffatt and Brad Kahlefeldt took the oath on be- half of all the Australian athletes. Welcoming speeches were made by Marisol Casado, the President of the International Triathlon Union and Garth Prowd, the Event Chair- man. In closing, the New Zealand men‟s team treated the crowds to a traditional Haka. An ITU reception on race eve, featuring a welcome by Ron Clarke, Mayor of the Gold Coast City Council, also hosted the sport‟s dignitaries and major partners.

The Australian team dinner in the giant on-site marquee incorporated Triathlon Aus- tralia‟s inaugural inductees into the Triathlon Australia Hall of Fame, with Greg Welch, Michellie Jones and Miles Stewart duly recognised as champions of our sport.

We thank all those involved in this memorable event, including sponsors and exhibi- tors, caterers and competitors, the Australian team support staff at both elite and age group level, and the hundreds of officials and volunteers.

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ITU LONG DISTANCE TRIATHLON WORLD CHAMPIONSHIPS, PERTH

GOING THE DISTANCE IN PERTH

Australia‟s rich tradition of hosting world championships continued when the 2009 ITU Long Distance Triathlon World Championships were held in Perth on October 25.

To put on a long course race in the middle of a capital city was quite an achievement and one which required much planning and cooperation from Government and event partners. Eventscorp, the tourism arm of the WA Government, were the major event partner, providing an attractive event-specific website, branding requirements and logistical support. Triathlon Australia, as event host, sub-contracted the operational component to Tri Events who implemented a safe and visually spectacular course.

Langley Park, with its flat and scenic green space, proved a wonderful race site, en- joyed by locals but especially appreciated by the large international contingent. Sup- port events in the form of an aquathlon, schools‟ event and sprint distance triathlon added to the atmosphere and ensured the Village Expo was well attended.

An official on-site welcome and showcase of nations was well received by competi- tors, as was a sell-out closing ceremony that included an Aboriginal dance troupe.

More than 750 competitors from around the world took part in the long course event, which was in line with projected numbers. They completed a 3km swim, 80km ride and 20km run in and around the picturesque Swan River and surrounding roads and parklands.

Reigning World Ironman champion Craig Alexander was the event ambassador and proved to be a true professional and immensely popular figure in completing numer- ous speaking engagements, promotions and media commitments over the course of the weekend.

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ITU TRIATHLON WORLD CHAMPIONSHIPS SERIES, SYDNEY

SYDNEY WORLD SERIES OPENER A HIGHLIGHT

Australia hosted one of the premier triathlon events in the world when the opening round of the Dextro Energy Triathlon – ITU World Cham- pionship Series took place on the steps of the Sydney Opera House on April 10.

The ITU utilised Sydney as the perfect place to launch the 2010 Dextro Energy Se- ries. A group of the sport‟s current stars joined ITU President Marisol Casado and Olympic legend Edwin Moses - chairman of the ITU‟s official charity, The Laureus Foundation - at a press conference overlooking Sydney from the Intercontinental Hotel a few days prior to the event.

An official function hosting dignitaries and event partners at Government House on the eve of the race afforded Triathlon Australia the opportunity to welcome guests, launch the event and wish our elite competitors well.

Race day saw Sydney a solid spectator base, spectacular television coverage and fast, exciting race. New Zealand veteran Kiwi Bevan Docherty and rising Chilean star Barbara Riveros-Diaz were crowned the event‟s inaugural champions.

Only elite races were scheduled in this initial year. However, 2011 will see the intro- duction of age group races on what will surely be one of the most spectacular triath- lon courses in the world, giving thousands of competitors the chance to ride over the Sydney Harbour Bridge.

The race was the culmination of much behind-the-scenes work from Triathlon Austra- lia, the International Triathlon Union and Events NSW, and USM Events and Triathlon Australia looks forward to hosting this ground-breaking event for many years to come.

21 Annual Report 2009/2010

HONOUR BOARD

Olympic Games 2000 2004 2008 Representatives Representatives Representatives Michellie Jones Gregory Bennett Courtney Atkinson Nicole Hackett Loretta Harrop Erin Densham Loretta Harrop Rina Hill Bradley Kahlefeldt Peter Robertson Peter Robertson Emma Moffatt Miles Stewart Maxine Seear Emma Snowsill Craig Walton Simon Thompson

Medallists Medallists Medallists Michellie Jones (silver) Loretta Harrop (silver) Emma Snowsill (gold) Emma Moffatt (bronze) Australia, with four medals from three Olympic Games, has won more Triathlon medals than any other nation.

Commonwealth Games Medallists 2002 Miles Stewart (silver); Nicole Hackett (bronze)

2006 Emma Snowsill (gold); Brad Kahlefeldt (gold); Peter Robertson (bronze)

ITU Triathlon World Champions 1990 Greg Welch 1996 Jackie Gallagher 2001 Peter Robertson 1991 Miles Stewart 1997 Emma Carney 2003 Emma Snowsill Chris McCormack Peter Robertson 1992 Michellie Jones 1998 Joanne King 2005 Emma Snowsill Peter Robertson 1993 Michellie Jones 1999 Loretta Harrop 2006 Emma Snowsill 1994 Emma Carney 2000 Nicole Hackett 2009 Emma Moffatt

2009 was the first year in which the ITU World Champion was decided over a series of races, as apposed to a one-off event.

ITU Duathlon World Champions

1999 Jackie Gallagher 1992 Jenny Alcorn

ITU Long Distance World Champions

1998 Rina Hill

Ironman World Champions

1994 Greg Welch 2006 Michellie Jones 2007 Chris McCormack 2008 Craig Alexander 2009 Craig Alexander

22 Annual Report 2009/2010

TRIATHLON AUSTRALIA HALL OF FAME

Hall of Fame

Greg Welch (2009)

Michellie Jones (2009)

Miles Stewart (2009)

23 Annual Report 2009/2010

2009/2010 NATIONAL AGE GROUP CHAMPIONS

Sprint Distance Female Male U20 Georgia Hardy Shane Farrant 20-24 Tahnee Lawrence Aaron Woolley

25-29 Jacqui Benoit Matthew Craft 30-34 Christelle Van Niekerk Todd Richardson 35-39 Jodi Heeney James Symonds 40-44 Merryn Truskett Mick Maroney

45-49 Cath Murray Glenn Williams 50-54 Donna Hickey Greg Douglass 55-59 Lynley Campton John Graham

60-64 n/a Ron Smith 65-69 n/a Nelson Rainey

Olympic Distance

Female Male

16-19 Kirsten Norden Josh Berry

20-24 Tara Prowse Nicholas Kastelein

25-29 Lisa Marangon Chad Anderson

30-34 Caroline Sweeney Michael Prince

35-39 Bev Thomas Luke Grattan

40-44 Christine Wolfson Mick Maroney

45-49 Narelle Talbot Terry Moore

50-54 Janice Avery-Spoor Kevin Goodwin

55-59 Belinda Soszyn Crichton Collins

60-64 Anne Simmons Kerry Dowling

65-69 n/a Ken Murley

70-74 n/a Lachlan Lewis

24 Annual Report 2009/2010

2009/2010 NATIONAL AGE GROUP CHAMPIONS

Long Distance Female Male

U20 n/a Christopher Timson

20-24 Jessica Simpson John Marsh

25-29 Anna Cleaver Leigh Chapman 30-34 Caroline Sweeney Nathan Fitzakerley

35-39 Christine Hemphill Sean Brunt

40-44 Helen Roach Matthew Koorey

45-49 Jenny Henville Jeffrey Collier 50-54 Sandra Reid Kerry Johnston

55-59 Belinda Soszyn John Graham

60-64 Robyn Nordstrand Ron Smith

65-69 n/a Geoff Thorsen

Duathlon Female Male 16-19 Libby Morrison-Jones Stephen McShane 20-24 Alyce Hutchings Lindsey Wall

25-29 Yvette Fisher Stephen Hadley 30-34 Wendy Walker Raf Baugh 35-39 Nadelle Legge Daniel Green 40-44 Christine Wolfson Peter Walker 45-49 Su Pretto Chris Southwell 50-54 Margaret Beardslee Frank McShane 55-59 Robyn McClelland Robert Pickard 60-64 n/a Ron Smith 65-69 n/a Volker Ecke 70-74 n/a Lachlan Lewis 75-79 n/a Robert Chapman 80-84 n/a Radovan Leovic

25 Annual Report 2009/2010

2009/2010 WORLD AGE GROUP REPRESENTATIVES

(G) Gold medal (S) Silver medal (B) Bronze medal

Sprint Distance Female 16-19 Renee Smith Jacqui Elliott Katie Summer Kathy Cornish Grace Stone Amanda Bott Cassandra Turner Brooke Greer Teresa Theaker Sarah Crowe Rosalind Weaver Adele Richards Sophie Holt Samantha Meridy Dunn Elkie Belcher 25-29 Tricia Hughes Thompson Trudy Fenton 55-59 Emily Bevan Tanya Aaskov Angela Keyt Jennifer Ferguson Gillian Akers Cassandra Dodd Amy Bennett Nadine Mcmillan 40-44 Deborah Hall Rosemary Crouch Jasmine Frankel Sarah Calton Jodie Milwright Rachel Baker Jenny Henville (S) Lois Sharp Sasha Frankel Camille Day Erin Poulton Jo Bourke Marion Hermitage Audrey Hall Lucy Eckermann Lauren Robertson Kelley Bright Kelly Hinds 60-64 Caitlyn Quinn Sarah Ellis (S) Fiona Day Zoe Little Ann Blatchford Amy Roberts (S) Jemima Findlay Samantha Sturm Judi Deverall Karen Lowrie Heather Carr Miriam Smith Conor Gilligan Ursula Townsend Tracey Foley Georgina Mac- Carol Cullen Ella Trimboli Rebecca Godden Christelle Van- Pamela Greening Donald Penelope Hep- Siobhan Williams Stephanie Graves Niekerk (G) Jen Hoffmann Catherine Murray worth Emily Jackson Megan Ingman (G) Janice Iredale 20-24 Britta Jensen 35-39 Judith Lowe Susan O'Keeffe Merri Mack Libby Clarke Taya Leemeijer Patricia Adam Margaret Mac- Denise Sandilands Jane Mountford Ashlea Clifton Cathryn Mccann Amanda Allen Donald Gail Singleton (G) Emma Coman- Rose Mccaughey Aniva Cavanagh Yvonne Rash Gayelene Clews Christine Walker Jeffries Louise Mills Claire Dewar Loretto Reiken Linda Marsh (B) Hannah Daniel- Nicole Moerig Julie-Ann Dillon Natalie Roberts Lisa Skinner Lyn Wright Lester Anna Mountford Michelle Gallen Belinda Simmons Katy Duffield Katie Nilan Julie Gollan-Foard Julie Stevens 50-54 65-69 Michelle Duffield Debra Owers Jodi Heeney Clare Tudor Rita Bennink Pauline Wiltshire (G) Christella Phipson Amanda Howell Belinda Vardy Caroline Brooks (S) Sarah Hickey Emily Rooke (S) Fiona Johnstone Christine Wolfson Eleanor Dally Karen Hill Cara Schadel Kellie Langley (G) Jennifer Downie Sarah Lester Michelle Singer Shelley Maxwell- Roslyn Ford Katherine Mckeon Smith 45-49 Elaine Handley Adrianna Scotti 30-34 Sandra Mills Louisa Abram Donna Hickey (G) Lisa Singleton Louise Arrigo (B) Kara Murphy Lyndall Alex- Carla Horwood Maree Singleton Jodie Barker Katie O'Keeffe anderson Aileen Roberts Tamara Slater Yolande Chumbley Sally Smalley Christine Cook Jo-Ann Stevens

Sprint Distance Male 16-19 Joseph Flannery Andrew Luraschi Malcolm Parkin- Mark Ley Mick Maroney (G) Samuel Burston Steven Gleeson Hayden Lyons son David Lock Darren Matthews Gareth Daniel Jason Harrod Caleb Mcinnes Luke Peterson Craig Newton Ron Meteyard Luke Farrell Matt Hennessey Nathan Menzies Daniel Pollard Simon Newton Rob Moulden James Gould Aaron Hewitt Nathan Mercurio Mark Quinn Mark Pacey Paul Myatt Jack Hickey (S) Strachan Kerswill Gareth Munro Lyell Reck Brett Sellars James Owen Benjamin Huggett Chris Lock Adam Orr Todd Richardson Laurie Shevlin George Pezaros Ryan Mouritz Tom Manning Kane Picken Neil Robertson James Symonds Sven Pischke Jacob Owen Nicholas Muxlow Cameron Scarce Stephen Rouhlia- Mark Terracini Russell Platts Branden Pearce Glenn O'Connell Dan Smith deff Jason Theaker Adam Radford (S) Liam Rapley Karl Reindler Brendan Wall Corrie Rowlands Chris Thynne Rob Raulings Brayden Tucker Trent Timmers Nathan White Michael Slater Mark Turner Wayne Simmons Brendan White Andrew Tyack Nat Williams Sean Smee Milan Volny Michael Smith Sebastian Betten Michael Webb Jamie Young Paul Thistleton Troy Wannell Richard Stock Elliot Brown Chris Wigell (G) Wayne Eliot Phillip Townsend Matt Webster (B) John Svanosio Simon Carey Drew Williams Aaron Wise Drew Westbrook Mark Tucker Sam Douglas (B) 30-34 Adrian Wrout Scott Wilson Eli Flannery 25-29 James Billing 35-39 Robert Zander Hayden Gage Adam Cartmell Brent Farrell Matthew Black- 40-44 Lachlan Mcauliffe Adam Chadburn Roderick Fletcher well Steven Baker 45-49 Blayden Meagher Nathan Cochrane Jai Forster (G) Craig Broadhurst Jeff Beavis Nevin Agnew Nicholas Dougall Kurt Dreyer Tim Francis Corey Brough Mark Blake Peter Allcroft (G) Neil Fairley Dan Getliffe Anthony Burke Colin Clarey Peter Bolton (G) Cameron Weekes Grant Garvie David Hamer Peter Costello Dwayne Currie Geoff Breese Curtis Hancock Robert Johnston Rob Edwards Craig Dangerfield Neil Brooks 20-24 Todd Harris Steve Kanowski Brendan Flanagan Steve Eastwood Mark Browne Brendan Beavon Bradley Hector Bevan Leach Ronald Frigo Andrew Fisher David Brukmann Andrew Brady Graham Hines Derek Lungu Jason Gibson Rohan Force Vic Caplikas Andrew Crozier Luke Hughes Casey Mains- Paul Hill Grant Gilbert (B) David Collier Michael Edmondson James Johnson bridge Peter Kent Carl Hoddy Chris Davis Matt Fitzgerald Matt Keays (B) Peter Matthews Bruce Leaver Darren Mabarrack Colin Davis (S) Matt Leabeater Casey Miles Kurt Lehmann 26 Annual Report 2009/2010

Craig Dennison Peter Townsend Andrew Loose John Bugden Peter Hennessey William Winter Steve Ellen David Mckean Chris Cameron (S) Todd Gibbons 50-54 Greg Nugent Anthony Chapman Doug Luckman 70-74 Des Gooda Peter Brown John O'Connell Clive Choate Trevor Mathews John Bennetts Christopher Hack- Simon Butler- Kevin Orrman- Ian Gilmour Peter Mcdonald (S) ett White Rossiter Wayne Heathcote Peter Pracy Leonard Foard Dale Hancox Anthony Caiafa Shayne Quinton Ralph Joyce Marcus Roberts (B) Graeme Hosking Terry Crowe Peter Rash John Meacham Don Smith Michael Roberts Martyn Hughes Neil Cullen Ian Rea Douglas O"Hanlon Ron Smith Mark Jeffrey Peter Cumming Darryl Scott (S) Mark Preston (S) Philip Wilkinson- 80+ Gavin Mortlock Greg Douglass Garry Simes Robert Von Nes- Hayden Wright Radovan Leovic Richard Newton Miles Dracup Steve Squire selrode (G) Peter O'Shaugh- Martin Durkin Michael Varker James Warren 65-69 nessy Kevin Goodwin (B) Scott Wolfson John Warren Peter Battrick Michael Pratt (B) Geoff Hare Peter Watts (B) Otto Jaeger-Lund Barry Rix Phillip Hermitage 55-59 (B) Geoff Seawright John Hickey Gary Adam 60-64 Ken Murley (G) Mike Simpson Peter Hinds William Bardsley Graham Beale Dennis Pender Neil Soden Vincent Hopgood Neville Barry Peter Cartmell Peter Smith Jim Sturgess Richard Lenard David Baussmann Phillip Crombie Kevin Taylor Gary Tall Rical Leung Tony Brady Robert Eadie (G) Ivan Wiltshire

Olympic Distance Female 16-19 Amy Bradley Alison Ryan (B) Sarah De Wolf Margaret Simms Margot De Gan- Ashlea Allen Nicole Cattanach Natalie Smith Sonja Dyason Margery Smith nes Alex Bailie Dannielle Cousins Shannon Smith Sara Finch Narelle Talbot Hazel Edmond Jaimi Chisholm Sandy Crowe Elizabeth Stretton Tracy Foyster Shaune Wakeman Elly Fawcett Carla Doyle Natalie Dellow Elvira Stromback Emma Gillard Loretta Wesley Janet Gorst Gabrielle Dufty Jasmin Dillon Caroline Sweeney Karen Guy (G) Catharina Hamil- Adrienne Elmitt Jennifer Erskine Renate Tirpcou Karon Handy Louise Wilson ton Sarah Frawley Yvette Fisher Jenelle Weather- Petro Kuiper Jane Yovich Julie King Ella Holmes (G) Emma Foster stone Nathalie Lauren- Jennifer Lucas Emily Neville Kate Grattan Danielle Welsh deau 50-54 (B) Kirsten Norden Peri Gray Greta Truscott Anne Martin Jenny Alcorn Georgann McE- Kelly Penfold Tineke Hancey Leanne Miller Lynette Atkin wan Essie Rodgers Cassandra Hoare 35-39 Christine Moore Janice Avery- Robyn Mcclelland Liz Tosh Beata Janetzki Marcelle Arkadieff Heidi Moore Spoor Cheryl Ogden Chloe Turner (S) Jacqueline Kelly Kylie Bernoth Joanne O'Dwyer Lise Benjamin Fayleyne Preston Jordyn Turner Carrie Lester (G) Lisa Cash Michelle O'Toole Alison Caiafa Kate Rowe Katrina Mercer Mia Cottrell-Dormer Juliet Plumb Andree Carr Deborah Shapira 20-24 Elizabeth Moore Anna Davis Donna Powell Annette Chatter- Katrina Sinclair Juliana Bahr- Bree Morris Vanessa Dellow Helen Roach ton Susan Stevenson Thomson Kate Nind Vicki Dessa Elizabeth Sinclair Nancy Cullen Monica Stewart Katie Bell Sally Parker Bridget Dixon Tracey Spindler Maryanne Davis Sandy Tindale Penny Brown Rachael Paxton (S) Jocie Evison Sally Taggart (B) Kim Elvery Catherine Tulloh Jemma Burton- Cassandra Percival Liz Fancutt Jacinta Vines Catherine Fullford Catherine Verry wood Kristy Richardson Sarah Fitzgerald Rowena Walker Coral Goss Jennifer Waters Skye Cibich Jodie Spottiswood Jodie Furness Gayle Young Anne Jennings Kerry Wilson Tyneal Clark Belinda Wannell Natasha Gilmour Anna Koblova Zoe Duffy Jacqueline Watts Niki Hale 45-49 Bette Mcguane 60-64 Meegan Farrawell Rebecca Wiasak Jade Hancock Kerry Bailie Robyn Metcher Carol Bennett Sarah Fletcher Regina Wright (B) Rachael Hayek Natalie Brianese Jasmine Ormsby Anne Besser Tessa Garside Sharyn Madders Carol Bruce Sharon Orrman- Jan Billinness Courtney Gilfillan 30-34 Danielle Mccormack Mary Bussell Rossiter Pam Brass (G) Melissa Beadman Melanie Newton Maureen Cum- Katherine Reid Carolyn Corlass Erin Heard Katie Court Carly Phillpotts mings Sandra Reid Susanne Gould Sarah Hughes Ali Crichton Julie Sager Nicola Debuse Susan Scott Barbara Gruber Alyce Hutchings Elsa Dent Jane Snowden Janet Ferguson Belinda Sharpless Jill Harris Gabrielle Lanman Julie Dockray Helen Stark Julie Foster Suzanne Shaw Sharyn Holmes Grace MacPherson Yvette Eglinton Beverley Thomas Jody Gilchrist Jan Smeaton Robyn Morgan Krista Meares Jessica Fleming (B) Roselyn Gucul Kay Sutton Jenny Tanner Jayne Moyle Melanie Gillespie Christina Thorne Lynne Hackett Elizabeth (Liz) Madeleine Oldfield Nicola Gregory Kate Walker Louise Ibbotson Swinton 65-69 (B) Kimberley Holman Belinda Ward Leonie Keilour Jo Teske Lorrie Bishop Keira Pride Christine Hughes Vanessa Williams Judy Lind Cheryl Wallace Ann Palmer Tara Prowse Kym Jaenke Janine Wilson Leanne MacPher- Julie Watson Matilda Raynolds Renae Jones Tracey Zammit son Wendy Wise Ange Ritchie Suzanne Mclucas Nicki Mantova Shae Thomas Tamlyn Mathiske 40-44 Susan Murray 55-59 Erin Wallace (S) Lisa Albinus Judith O'Shea Christine Arnold- Jacqui Waters Sarah Mehaffey Jenny Barwick Deborah Piercy- Maureen Boswell Stephanie Zervaas Kellie Moule Debrae Beecher Julianne Quaine Anne Cunningham Anastasia Munro Christine Bell Amanda Richards- Jan Daley 25-29 Kylie Pepper Megan Cahill Sue Rymer Lynn Davies Melanie Ades Lucie Richards Angela Clarke Annette Sampson

27 Annual Report 2009/2010

Olympic Distance Male

16-19 Nicholas Mckeon Clinton Watson Kevin Duffy Peter Holgate Ryan Bailie (G) Brynt Mcswain Tony Duffy Eric Jarrett Taylor Cecil Stephen O'Brien 40-44 Mike Dunstan Rob MacKenzie Nicholas Dowell Ashley Portas Ron Acutt Stephen Fenton Peter Neville Matthew Eastwell Alexander Reithmeier Gary Binet Kevin Fergusson (G) Peter Nickless Jarrod Harvey Ricky Swindale (B) Dean Blond Paul Francis Mark Patterson Duncan Houston George Tamblyn Andrew Cahill John Glen Peter Ranford Joseph Kierath Chris Teede Mark Clough Martin Lord John Rogers James Lewin (S) Matthew Warrington Gregory Cox (G) Malcolm MacKay Timothy Sandi- Michael Lori Greg Woodward Nicholas Croft Neil MacPhee lands Liam Mccloskey Paul Dilkes John Maguire Robert Scott Jamie Meyer 30-34 Max Fegan Neil Measday Kyran Stutterd Christopher Micallef Brett Archbold Jim Finlay Greg Mitchell David Taylor Campbell Schmidt Dan Atkins Stephen Foster Alan Nicholls Gary Turner Matthew Shipard Peter Barker Grant Fuzi Neil Oxley Con Vayanos James Smith Adam Beckworth Darren Hardstaff Darrell Patrick David Wells Daudi Somi Tim Berg Duncan Henderson John Rafter Finian Stronach Matt Breakspear Bradley Hosking Lawrence Reece 65-69 Drew Viles (B) Daniel Brickell Daryn James Glenn Schwarzel Neil Ball Jason Claridge Dean Jamieson Barry Silverlock Ross Bambery 20-24 Brad Dalrymple Anthony Marchesani Michael Swinton Daryl Bates Dom Aungles Troy Drinan (G) Ian Martin William Thornbury Peter Battrick Nathan Barry Tyron Easterbrook Rod Marton Adam Tonakie Peter Bennett Scott Baxter Nathan Fitzakerley Tony Mcintyre Geoff Van Wachem Loch Blatchford Rowan Beggs - French Dwain Fitzsimmons Ross Pedlow Les Caldwell Charlie Boyle Charles Griffith Michael Priest 55-59 Brian Chandler Brady Butcher Tim Guille Michael Roberts Graeme Cole Bernard Crowe Naish Chapman Robert Harris Danny Salter Crichton Collins Alex Hamill Brett Cooper Glen Janetzki Garry Stevens Rowland Cook Bruce Monty Frankish Brad Johnson Angus Taylor Rod Cunningham Higginbotham Brodie Gardner Simon Johnson Mark Taylor John Dixon Raymond Hunt Geordie Fyfe Shane Limmer Peter Walker Mark Gardiner (B) Noel Middlecoat Michael Glover Brett Morgan Matthew Wolstencroft Craig Glass Iain Montgomery Ben Hammond Simon Nash John Goode David Sylow Nicholas Hull Jason Nuttman 45-49 Greg Hales David Wilson Jayden Hunter Craig O'Connell Garry Alston Philip Hanley Mitchell Kibby Maren Preston Michael Anderson Rod Harrod 70-74 Daniel MacPherson Michael Prince (S) Phillip Baigent Geoffrey Holt Colin Andrews Bryce Mcmaster Peter Read Michael Bowles Neil Holt Lachlan Lewis Nick Murray Shane Robinson Steve Bridges Rob Howitt Keith Pearce (G) Nicholas North Christopher Weier Shane Campbell Jon Howse Richard Thomas Todd Robinson Andrew Wilkinson Jeffrey Collier Werner Hrastovec Richard Rouse Adam Coombe Gregory Jones 75-79 Louis Russell 35-39 Beven Ernst Graeme Kelly Brian Lynch Brent Schuster (S) Corey Bacon Mark Fiore Brian Kennelly (S) Jolyon (Jo) Ward Mark Simpson Peter Barrett Paul Hayden Chris Kiley Leigh Stabryla Simon Bennett David Huggett Roy Kisbee AWAD Category Jamie Stanley Chris Bradford Scott Irons Ken Mewha One Richard Thomas Shaun Broadbent Brendan King Andrew Murray Bill Chaffey (G) Lajos Varga Timothy Calver Philip Lean Richard Norris Lindsey Wall Ethan Clark Stephen Lingard Dennis Parker Finnbar Crennan Mark Martin Robert Pickard 25-29 Andrew Cross David Mcdonald Robert Picken Chad Anderson Brendan Deurloo Chris Mead Errol Ross Steven Anstee Paul Dodd John Meagher (G) John Singleton Paul Attard Stuart Durham Terence Moore Mark Woods Simon Bevege Albie Firley Terence Roberts Damien Bulters Andrew Fuller (S) Paul Rohwer 60-64 Leigh Chivers Shane Gale Reg Sheridan John Allen Richard Church Jordan Gover Jeremy Smith Brian Barr (G) Peter Court David Hendrey John Stekelenburg Michael Besser Chris George Aaron Hill Christopher Thompson James Box Nicholas Gilbert Mads Larsen Brett Whiteoak Peter Clarke Anthony Goss Scott Lawton Glenn Williams David Coulter Shannon Gration Rhett Pattison Ian Williams Charles Coville Stephen Hadley Jeremy Ryan Ric Coyle Rod Hutchinson Paul Shearer 50-54 Rick Daley Daniel Hyde Stewart Sheffield Mark Batten Noel Devine Zane Jones John Siede Neville Bradshaw Kerry Dowling Michael Kent Cameron Simon Jeff Carver Stephen Flick Richie Lewis Dmitri Simons Peter Clark Graham Gibson Adam Linacre Andrew Simpson Christopher Dean Jonathan Hamwood James Mcdougall Clint Van Beveren Malcolm Dow Bob Harlow

28 Annual Report 2009/2010

Long Distance Female

20-24 Nat Summer Christelle Van 40-44 Joanna Wakefield Helen Vagnoni Caitlin Bridgland Jenni Tibbits Niekerk (G) Cecile Beams Suzanne Watt Loretta Wesley (S) Brenda Turner Danielle Welsh Angela Clarke (B) (G) Tessa Garside Anna Vrolijks Malanie Wray Judi Clemie 45-49 Laura Harris Natasha Wise Rebecca Errey Kerry Baile (B) 50-54 35-39 Kirsten Gorman Bernadette Berlyn Mary Cornelius 25-29 30-34 Leslie Clerke Lisa Harding Anne Brinkworth Nancy Cullen (S) Ailie Coulter Simone Allison Annie Edwards Jenny Hart Naomi Edmunds Gaye Dadd Sandy Crowe Kerry Auguston Jocie Evison Debbi Henniker Dot Foster Julienne Drysdale Julie-Ann Davies Jodie Barker Natasha Gerebtzoff Judy-Ann Keplin Julie Foster (S) Karen Lethlean- Lisa Delaurentis Sarah Crealy Alison Hale Petro Kuiper Liana French Turner Jasmin Dillon (B) Jillian Deveney Christine Hemphill Suzzanne Laidlaw Lisa Gulikers Mary Mitchell Michelle Gailey Anne Garton (B) Traci Martina Marion Hermitage Krissa O‟Neil Maree Hryniuk Lyndall Hillbrich Hannah Lawton Lesley McDonald Leonie Keilour Sharon Orman- Lauren Jones Kimberley Holman Danielle McCormack Jodie Mcleod Sue Libbis Rossiter Jacqueline Kelly Natalie Lincoln Carly Phillpotts Linda O‟Connor Karyn Lowe Katherine Reid Carrie Lester (G) Julia Marr Belinda Seccombe (G) Jill Pattison Robyn Scott (B) Morgan Marsh Fiona Marvis Amanda Smith Helen Roach (S) Leonie Pedrazzini Kay Sutton Kellie Mathers Kate Murphy Karen Tallis Natalie Roberts Gayle Power Nancy Warnock Lisa O‟Neil Anna Pang Beverley Thomas (G) Sally Scaffidi Su Pretto Kellie Prtichard- Catherine Thiele Belinda Ward Susan Scott Dianne Scott 55-59 Pescek Sarah Thompson Melanie Watson Elizabeth Sinclair Mary Sietsma Helen Freer (B) Kimberley Russell Liz Vadas Melinda Westall Tarnia Stone Desiree Silva Janet Gorst Julie Saunders Vanessa Williams Donna Todesco Cheryl Ogden Jodie Spottiswood Lara Zeccola

Long Distance Male

16-19 Brad Campbell Grant Rollo 45-49 Richard Burnell Angus Lawson Michael Hely Matthew Currie Glenn Sadler Garry Alston Mark Collins Chris Mehaffey Elliott Wise (S) Troy Drinan (G) Stewart Talbot William Armstrong Greg Douglass Raymond Pass- Nathan Fitzakerley Mark Tucker Michael Baber Miles Dunstan more 20-24 (S) Clint Van Beveren David Blakey Kevin Fergusson Robert Pickard Matthew Bailey (S) Luke Goard Nathan Warburton Stephen Blunt (G) Rodney Charlie Boyle Jeremy Hanrahan Simon Webber Michael Bowles Jonathan Flannery Turner Adi Cohen Travis Haslam Shao Wu Sandy Burt Jim Hedderwick David Whiteley Jayden Hunter Matthew Lamont Michael Colqu- Phillip Hermitage Thomas Jeffrey Raymond Lampard 40-44 houn Laurie Irvine 60-64 Shane Laszczyk Aaron Marshall Boey Alam Adam Coombe David Laidlaw Rob MacKenzie Nicholas Millet- Glenn Martinovich Steve Atkins Paul Courtney Lindsay McAuliffe Brian Barr (G) tChris Mumme Paul McKiernan Steven Baker Mark Fiore Brian McKinnon Michael Besser Nick Murray Steven Newman Stuart Butler Peter Goldie Frank McShane Steve Brown Glenn O‟Connell Jason Nuttman Grant Cameron Michael Griffiths (S) Graham Crocker Richard Rouse Michael Outhred Mark Clough Darryl Harris Alan Nicholls (B) Samuel Watson Jason Pye Larry Cohen Michael Hill John Nolan Bob Harlow Shane Robinson Daniel Ellaway Timothy Howley Kevin Orman- Peter Hennessey 25-29 Charles Rodgers Geoff Evison Richard Kelso- Rossiter Brian Rabinowitz Cameron Bartram Shane Thompson Craig Garland Marsh Steve Pappas Peter Ranford Michael Baruch Tim Thomson Brett Gilby Adrian McKnight Ben Parsons Peter Sheridan Andrew Caune Mark Hoffmann Allan Moustoukas Richard Pryor Daryl Stanley Nick Conway 35-39 Bradley Hosking (S) Derrick Murray Peter Rash Steve Davis Paul Battistella Craig Kimpton Mark Norman Clive Roberts 65-69 Stephen Evans Roderick Chisholm David Matthews John O‟Connor Jose Sanchez Trevor Skewes Ben Griffin Stuart Durham Steve McKellar Malcolm Pitt Barry Silverlock (B) Stephen Hadley Shane Gale David McLeod Rex Robinson Dean Sneddon Alex Larson Matthew Jennings Paul Newman Brett Shepherd Ian Thomas 70-74 Andrew Luraschi Anton Kapel Anthony Norwood Jeremy Smith Peter Wheatley Frederick Neilson Nicholas Mckeon Peter Kent Shaun Parkinson Craig Steen Brynt McSwain (S) Todd Martin Michael Priest Darryl Stratford 55-59 AWAD Adam O‟Byrne Neil Mendum (S) Michael Roberts Lyle Turner Ross Allen Andrew Elridge Mark Oliphant Vince Middleton Bruce Rose Christopher Tony Brady Robert Thomas Brock Prime Jeremy Millar Tim Scott Wooldridge Peter Butterworth Simon Rate Craig Morgan Michael Skerritt John Graham Anthony Palmer Matthew Wolsten- 50-54 Geoffrey Grose 30-34 Anthony Parker croft (G) Mark Batten Wayne Heathcote Douglas Brightwell Mick Purton Russell Platts Steve Bertling Rob Howitt Garry Robinson Chris Kiley (G) Neville Knuckey Duathlon

30-34 35-59 40-44 55-59 60-64 75-79 Luke Preston Todd Martin Greg Baxter Mark Dawson David Wells Robert Chapman Johnny Papas (B)

29 Annual Report 2009/2010

COMMITTEE REPORTS

2010 Sydney ITU WCS Committee

“On behalf of the entire triathlon family, I’d like to say that we are thrilled to return to Syd- ney. On September 16, 2000, I saw hundreds of thousands of passionate fans line the streets of Sydney to witness triathlon’s debut in the Olympic Games. Spurred on by the encourage- ment of the spectators, our top athletes showcased the true essence of triathlon – passion, intensity and charisma – attributes that continue to add to the sports growing popularity.”

Marisol Casado: ITU President & IOC Member

Following a near ten year break of hosting triathlon, on April 9 2010, the Sydney Opera House forecourt provided an absolutely stunning theatre for the series opener of the 2010 World Championship Series. With the impressive backdrop of the Sydney Opera House, Harbour Bridge and the city skyline, Sydney was the ideal venue to launch the 2010 season for the ITU. So much so the arrangement between the ITU and Triathlon Australia was brokered in late September 2009 in haste to commence proceedings along with strong support from Event NSW.

Not since the 2000 Olympic Games has an Elite Olympic distance event of this magnitude been staged. Certainly the pressure was on from September 2009 to commence planning and ar- rangements to execute an event of similar success. In all 17 government agencies required engagement and approvals on the course that comprised of 2 x 750m laps in Farm Cove, 8 x 5km laps along Macquarie St, Cahil Exp and College St, and 4 x 2.5km laps of Macquarie St and Cahil Exp.

During earlier phases the Triathlon Australia Board was very much conscious of conducting a tendering process to determine and further a partnership in assisting Triathlon Australia with managing the event based on having similar discussions with members during the 2009 AGM. Via a process USM was appointed the Race Director to work with Triathlon Australia , the ITU, Event NSW and respective agencies. Since their appointment in December 2009, USM had conducted an immense amount of work under the circumstances. The success of the event would not have been even half of what it was without the undertaking and support of USM.

Strong support was also delivered through Triathlon NSW in delivering a 200+ volunteer army, and a lure of guaranteed entry to the 2011 Age Group event.

The diligence of the sub-committee and leadership provided by an impartial chairperson was another important element in the delivery of the event. So much so the event budget produced a surplus, produced a management plan that was executed ahead of schedule and delivered infrastructure to suit the strict requirements expected of the ITU.

Further to the event and actual race day the sub-committee arranged press conferences and a series launch announcement of a new partnership between the International Triathlon Union and the Laureus Sport for Good Foundation, the charitable arm of the charitable arm of the Laureus World Sports Academy also attended by Laureus World Sports Academy Chairman Edwin Moses. Customs House provided the Event Hub and central base for proceedings, race briefings, media centre. A VIP function was also held at Government House for event sponsors, Laureus members, elite athletes, officials, supporters and the opportunity to welcome triathlon back to its rightful home – Sydney.

The Sydney race was broadcast live and aired worldwide in more than 100 countries on five different continents. Live streaming via the ITU website also provided coverage to an extended audience that viewed the sunny skies and near perfect conditions on the day.

30 Annual Report 2009/2010

April 2011 will once again play host to the series launch of the World Championship Series. An exciting Age Group event shall also be staged to a magnitude never before staged in the his- tory of the sport in the country – and one not to be missed.

The committee would like to acknowledge the following organisation and individuals for their involvement and support;

Events NSW NSW Department of Premier and Cabinet USM Maritime NSW

City of Sydney NSW Fire Brigade NSW Ambulance Service NSW Police NSW Health Royal Botanical Gardens Rail Corp South East Sydney and Illawarra Area Health Service RTA St John‟s Ambulance State Transit Authority Sydney Harbour Foreshore Authority Sydney Ferries Sydney Ports Corporation Sydney Opera House

31 Annual Report 2009/2010

IT/Database Working Committee

Mission Statement “To implement an IT Infrastructure solution for the overall benefit of Triathlon in Australia”

Project Committee The IT Services Committee has been designed and selected specifically by Triathlon Australia Board to govern a project that will upgrade the IT and Database systems currently used. It has been recognised that the current systems fall short of many requirements, and therefore need to be re-developed on a national scale to improve their efficiency and functional capabilities.

The project aims to source and implement a new IT infrastructure system. The committee has identified the 5 key functional areas that must be addresses by this project;

 Membership Database  Website  Event Registration  E-Commerce  Data Storage

The committee is comprised of a cross section of individuals representing various areas of Tri- athlon in Australia to ensure a fair representation for as many key stakeholders as logistically possible.

It is critical to note that everyone on the committee is not only representing their areas, but more importantly is responsible for ensuring that every aspect of this project is undertaken with the focus of – “Is it in the best interest of Triathlon in Australia”.

Project Status The committee has so far convened various ‟workshops‟, discussing best practise processes, functional requirements, business rules, and the tender proposal evaluation process.

A tender process has been undertaken by the committee and the proposals are currently being evaluated.

Based on the evaluations and the presentations, the committee will then make their recom- mendations to the Board of Triathlon Australia with their proposed solution.

Following approval by the Board to proceed, the committee will produce a communication, im- plementation and training strategy and will work with the chosen vendor./vendors with the aim of going live with a new database and website solution next year.

32 Annual Report 2009/2010

2009/2010 High Performance Athlete Selection Committee

The Triathlon Australia/Australian Institute of Sport (TA/AIS) High Performance program made many significant changes in the 2009/2010 year. After the success of the 2008 Beijing Olympic Games and with a new direction and structure for both the ITU and Triathlon Australia, there was real need to review the TA/AIS program moving forward.

With the ITU changing the International racing calendar and introducing an ITU World Champi- onship Series to replace the traditional single World Championships, the period was definitely a time of adjustment and change. Athletes and coaches would need to adjust to the concept of preparing for a consistent performance throughout all key ITU races in each year but still very much capable of winning the event as identified as the years ITU biggest race, the ITU World Championship Series final.

A key factor in ensuring that we kept ahead of our opposition was the TA/AIS HP leadership group defining the program vision, philosophy and key performance indicators. Then it was far easier to ensure that the key people were put in place for the specific roles in the areas of identification, development and performance of athletes and coaches. This concept would allow athletes, coaches and key staff to look at the plans of all athletes so to ensure that the chang- ing environment of international competition was at the focus of the elite end.

Program Vision “To further develop a sustainable high performance culture and environment that provides Australian triathletes and coaches with the opportunity to be continuously successful at major ITU international competitions from 2010 and beyond.”

Program Philosophy “To ensure that the critical elements of the Triathlon Australia High Performance program are athlete focused, coach driven and based on service support with a key focus on performance, continuous improvement, innovation and urgency.”

Program Target “To qualify three male and three female athletes that are capable of winning the 2012 London Olympic Games triathlon event.”

Program Key Performance Indicators “To win two GOLD medals at the 2012 London Olympic Games.”

In addition to those 4 year objectives, annual targets were set with those being: to win a medal in each female and male event at every ITU World Championship through the 2009 to 2012 period. In addition to this the AIS and SIS/SAS programs each have specific KPI‟s that are agreed on at the beginning of each year.

Key results for 2009 Emma Moffatt  2009 ITU Elite Woman World Champion and winner of the ITU WCS series final on the Gold Coast.  Winner of 4 other ITU WCS and WC races in 2009 and placed 2nd in 2 other ITU WCS and WC races.  Ranked number 1 in the ITU 2009 rankings and named AIS athlete of the year for 2009. James Seear  Placed 2nd at the 2009 ITU Under 23 World Championship and ranked 27th in the 2009 ITU rankings. Emma Jackson  Placed 2nd at the 2009 ITU Junior Female World Championships.

33 Annual Report 2009/2010

2009 Gold Coast ITU World Championship Results Elite Females Elite Males Emma Moffatt – 1st Courtney Atkinson – 5th and ranked 7th in the Annabelle Luxford – 5th and ranked 10th in the 2009 ITU rankings with great performances in 2009 ITU rankings the ITU WCS races in Seoul and Madrid Felicity Sheedy Ryan 20th and ranked 45th in Brad Kahlefeldt – 34th and ranked 12th in the the 2009 ITU rankings 2009 ITU rankings with very good perform- ances in Des Moines, Hamburg and Mooloolaba Gareth Halverson – 39th Brendan Sexton – 42nd Under 23 Female Under 23 Males Jamie Chisholm – 21st James Seear – 2nd and ranked 27th in the 2009 Ashleigh Gentle – dnf ITU rankings Josh Amberger – 18th Josh Maeder – 27th Drew Box – dnf Junior Females Junior Males Emma Jackson – 2nd and winner of the 2009 Sam Appleton – 11th Noosa Triathlon Jamie Huggett – 17th Holly Aitken – 7th Aaron Royle – 18th Courtney Dutton – 18th

In conjunction with the magnificent athlete performance was the fact that Craig Walton was named 2009 AIS Coach of the year for his outstanding coaching contribution in coaching both Emma Moffatt and Emma Snowsill during the 2009 ITU season.

Performance The TA High Performance team set high standards for athletes for the ITU 2009/2010 season and used this level as guide when looking at athletes for nomination in the AIS and SIS/SAS for 2010. These standards include a tier 1 expectation of a top 5 finish in the ITU WCS and selected ITU WC races of the required quality. The tier 2 level for the first year would be ath- letes capable of helping to achieve the 4 year objectives of the TA/AIS HP program. So for the ITU 2009 competition season Australia had 2 males and 3 females who were good enough get these results. These athletes were:

Emma Moffatt Emma Snowsill Annabelle Luxford Courtney Atkinson Brad Kahlefeldt

On the domestic scene the younger athletes were based in their home environments being supported by either Head or assistant coaches. These athletes had been focussing on the ITU Asian circuit and basing themselves in Europe, allowing them to accumulate ITU ranking points.

The next group of athletes and coaches to leave the shores during 2009 were the athletes se- lected for the TA Young Guns tour, based in Varese, Italy at the AIS European training centre. This was key for young athletes in preparing them for the life of the professional triathlete and that was

Improvement Triathlon Australia continues to work with the three SIS/SAS programs and each of the SSO development programs to ensure that the long term goals of each program are realistic and that each of the programs fits into the National athlete and coach pathway. The improvement needs to be based on the International performance standards as recognised by what is re- quired to win at the key events within the ITU calendar.

34 Annual Report 2009/2010

Triathlon Australia HP program staff

National Performance Director Michael Flynn AIS/National Head Coach Shaun Stephens Victorian Institute of Sport Coach Jonathan Hall Queensland Academy of Sport Coach / National Under 23 coach Stephen Moss

New South Wales Institute of Sport Coach Jamie Turner National Talent and Development Manager Craig Redman Sport Science Coordinator Nicola Bullock Sport Medicine Coordinator Greg Cox AIS Triathlon Program Administrator Sandy Patterson Sports Physician Dr Judith May

Dr Mark Young Physiotherapy Leon Vogels Britt Caling Massage Warren Lowry Lauren Allison Sports Psychology Michael Lloyd Ruth Sanderson Performance Analysis Hamish Jeacocke

The committee would like to congratulate the athletes, coaches and staff for their continued work in the sport of Triathlon and I am sure that they look forward to the challenges ahead.

35 Annual Report 2009/2010

National Calendar Committee

The board of Triathlon Australia recognised that there would be significant benefits in bringing key people within the sport together for the purpose of developing an annual national event calendar. For the first time in the 2009/2010 year, a National Calendar Committee was estab- lished. The key benefit of the committee is to provide the opportunity to reduce the incidences of major races accruing on the same weekends, as well as coordination all State race calen- dars. Additional benefits would be gained by providing a process for discussion of broader is- sues affecting the sport.

National Calendar Committee in 2010 The objective of the calendar committee is to publish on the Triathlon Australia website a cal- endar of triathlons scheduled for the coming season by 30 June each year. In 2010 this objec- tive was met for the first time with success, providing an additional service to Triathlon Austra- lia members. This avoided any clashes of major races, and ensured that there are no major races scheduled for the same weekend in the 2010/11 season.

National Calendar Committee in the Future While continuing to meet the objective of the committee in the future, there is the opportunity for the committee to add greater value to the triathlon community by providing a forum for those putting on races to interact and share knowledge. In the future the committee will take on the responsibility of providing this forum.

National Technical Committee

The National Technical Committee is appointed by the Board from 1 July to the 30 June each year. The committee is empowered to maintain and recommend changes, where appropriate, to the Race Competition Rules (RCR), sanction documents and all related technical processes; to develop and maintain currency of technical official training programs across all levels to be used by each STTA; and ensure that the Race Competition Rules are applied consistently at all events.

National Officiating Accreditation Scheme Accreditation of the L1 and L2 Technical Officials Programmes

The National Officiating Accreditation Scheme (NOAS) was established in January 1994 to as- sist national sporting organisations develop a group of skilled officials. While there is no formal levels structure for the NOAS, a General Principles Training program is available for use by NSOs. The NOAS aims to develop and implement programs which will improve the quality, quantity, leadership and status of sports officiating in Australia. Extensive work by the Director of Officials and National Technical Committee members has resulted in the accreditation and ongoing delivery of NOAS L1 and L2 programmes throughout Australia. Level 3 and NTO are to be completed by the end of the 2010-2011 season.

NOAS training programs include the following components:

 General Principles – fundamentals of officiating and event management  Sport Specific – technical rules, interpretations, reporting and sport specific roles for offi- cials  Officiating Practice – practical officiating and application of officiating principles.

36 Annual Report 2009/2010

Technical Official National Statistics

NATIONAL SUMMARY BY STATE/TERRITORY NATIONAL SUMMARY BY GENDER STTA Gender 2007/ 2008/ 2009/ Gender 2007/ 2008/ 2009/ 2008 2009 2010 2008 2009 2010 ACT Male 17 13 12 Level 1 Male 144 137 172

Female 18 15 16 Female 100 87 103 Total 35 28 28 Total 244 224 275 NSW Male 39 28 42 Level 2 Male 34 37 37 Female 20 13 19 Female 14 19 24 Total 59 41 61 Total 48 56 61 NT Male 10 6 6 Level 3 Male 12 10 6 Female 2 2 2 Female 6 6 5 Total 12 8 8 Total 18 16 11 QLD Male 52 51 61 NTO Male 9 10 13 Female 37 28 26 Female 4 4 5 Total 89 79 87 Total 13 14 18 SA Male 11 12 12 National Male 199 194 228 Female 5 5 5 Female 124 116 137 Total 16 17 17 Total 323 310 365 TAS Male 14 22 22

Female 8 9 10 Total 22 31 32 VIC Male 23 28 35 Female 12 17 26 Total 35 45 61 WA Male 33 34 38

Female 22 27 33 Total 55 61 71

National Male 199 194 228 Female 124 116 137 Total 323 310 365

NATIONAL ACCREDITATION LEVELS AGAINST NATIONAL TARGETS 2007/2008 2008/2009 2009/2010 Level 1 (75%) 244 75.5% 224 72.3% 275 75.3% Level 2 (15%) 48 14.9% 56 18.1% 61 16.7% Level 3 (7%) 18 5.6% 16 5.2% 11 3% NTO (3%) 13 4% 14 4.5% 18 4.9% National 323 310 365

37 Annual Report 2009/2010

FINANCIAL REPORT

2009/2010

38 Annual Report 2009/2010 Triathlon Australia Limited ABN 67 007 356 907

Financial Statements

For the Year Ended 30 June 2010 Triathlon Australia Limited

ABN 67 007 356 907

CONTENTS

Financial Statements Independent Audit Report Directors' Report Directors' Declaration Statement of Comprehensive Statement Statement of Financial Position Statement of Changes in Equity Cash Flow Statement Notes to the Financial Statements Auditors Independence Declaration under Section 307C of the Corporations Act 2001

Triathlon Australia Limited

ABN 67 007 356 907

Directors' Report

Your directors present their report on the Company and its controlled entities for the financial year ended 30 June 2010.

1. Principal Activities

The principal activities of the Group during the financial year were in accordance with the objects of the Company as outlined in the constitution which are:

(a) to be the national governing body for Triathlon and be recognised as such by the Australian Olympic Committee, Australian Commonwealth Games Committee, the ITU and the Australian Government;

(b) become and remain the only Australian affiliate of the ITU or its successor or assign, and represent and promote the interests of the members to the ITU;

(c) unite the STTAs, Affiliated Clubs and Individual Members;

(d) encourage, administer, promote, advance and manage Triathlon in Australia through competition and commercial means;

(e) ensure that Triathlon in Australia is carried on in a manner, which secures and enhances the safety of participants, officials, spectators and the public and which allow the sports to be competitive and fair;

(f) adopt, formulate, issue, interpret, implement and amend from time to time by-laws, rules and such other regulations as are necessary for the control and conduct of Triathlon in Australia;

(g) develop, manage and govern Triathlon in Australia in accordance with and having regard to the rules and regulations of the Company;

(h) arrange for national championships and the selection of national teams and training squads;

(i) determine, arrange and publish an annual Australian Triathlon calendar of events;

(j) pursue through itself or other such entity commercial arrangements, including sponsorship and marketing opportunities, as are appropriate to further the Objects;

(k) formulate or adopt and implement appropriate policies, including policies in relation to sexual harassment, equal opportunity, equity, drugs in sport, health, safety, infectious diseases and such other matters as arise from time to time as issues to be addressed in Triathlon;

(l) do all that is reasonably necessary to enable these Objects to be achieved and to enable the Members to receive the benefits which these Objects are intended to achieve;

(m) co-operate or join with or support any association, organisation, society, individual whose activities or purposes are similar to those of the Company or which advance Triathlon in Australia;

(n) have regard to the public interest in its operations; and

Triathlon Australia Limited

ABN 67 007 356 907 (o) undertake and or do all such things or activities as are necessary, incidental or conducive to the advancement of these Objects.

Event management activities were conducted through a wholly owned subsidiary, TriOz Events Pty Ltd. Following the 2009 annual general meeting the elected board reviewed such activities and decided to cease the event management operations.

2. Operational review

a Financial operating Results

The consolidated surplus of the Group after providing for income tax and eliminating minority equity interests amounted to $78,850, which included a direct deficit from the operation of triathlon events of $225,059 and additional costs associated with the operation of the subsidiary used to manage these events of $60,078.

b Dividends paid or declared

In accordance with the constitution of the Company the income and property of the Company must be applied solely towards the promotion of the Objects.

No portion of the income or property of the Company may be paid or transferred, directly or indirectly by way of dividend, bonus or otherwise to any Member.

No remuneration or other benefit in money or money's worth may be paid or given by the Company to any Member who holds any office of the Company.

c Funding of operations

The Group has maintained its activities in the furtherance of its objectives through volunteer member resources, funding grants from government agencies, sponsorship and membership levies.

The Group has also continued to undertake a whole of sport insurance policy.

3. Other items

a Significant changes in State of Affairs

No significant changes in the Group's state of affairs occurred during the financial year.

b After balance day events

No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Group, the results of those operations or the state of affairs of the Group in future financial years.

c Auditor’s Independence Declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out at page 36.

Triathlon Australia Limited

ABN 67 007 356 907

d Rounding of amounts

The Group is an entity to which ASIC Class order 98/100 applies and, accordingly, amounts in the financial statements and directors' report have been rounded to the nearest dollar.

e Future developments

Likely developments in the operations of the Group and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the Group.

f Environmental Issues

The Group's operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory

4. Director and Company Secretary Information

The names of the directors in office at any time during, or since the end of, the year are:

Names Qualifications Elected/Stood Down

Anthony Beven Solicitor

Tony Newham Strategic planner

David Ferrier Chartered Accountant Elected 14th November 2009

Michelle Gallen Solicitor Elected 14th November 2009

Peter Hedge (President) Chartered Accountant Elected 14th November 2009

Murray Hilder Engineer Elected 14th November 2009

Kenneth Bonham (former President) Production engineer Resigned 14th November 2009

Melinda Farr Postal Officer Resigned 14th November 2009

Brian Hinton Marketer Resigned 14th November 2009

George Shortis Business owner Resigned 14th November 2009

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.

Meetings of Directors

During the financial year, 19 meetings of directors (excluding committees of directors) were held. Attendances by each director during the year were as follows:

Triathlon Australia Limited

ABN 67 007 356 907

Directors' Meetings Eligible to attend Number attended Anthony Beven 19 15 Tony Newham 19 15 David Ferrier 15 15 Michelle Gallen 15 13 Peter Hedge 15 14 Murray Hilder 15 14

Kenneth Bonham 4 4 Brian Hinton 4 4 Melinda Farr 4 4 George Shortis 4 2

No indemnities have been given or insurance premiums paid, during or since the end of the financial year, for any person who is or has been an officer or auditor of the Group.

Company Secretary

The following person held the position of company secretary at the end of the financial year:

Alexandra Fehon, Senior Executive Officer, Triathlon Australia.

5. Options

a No options granted or outstanding

No options over issued shares or interests in the Group or a controlled entity were granted during or since the end of the financial year and there were no options outstanding at the date of this report.

6. Proceedings on Behalf of Company

a No Leave or proceedings

No person has applied for leave of Court to bring proceedings on behalf of the Group or intervene in any proceedings to which the Group is a party for the purpose of taking responsibility on behalf of the Group for all or any part of those proceedings.

The Group was not a party to any such proceedings during the year.

7. Sign off details

Signed in accordance with a resolution of the Board of Directors:

Peter Hedge President Triathlon Australia Limited 27 September 2010

Triathlon Australia Limited

ABN 67 007 356 907

The directors of the Group declare that:

1. The financial statements and notes, as set out on pages 8 to 35, are in accordance with the Corporations Act 2001:

(a) comply with Accounting Standards; and

(b) give a true and fair view of the financial position as at 30 June 2010 and of the performance for the year ended on that date of the Group and consolidated group.

2. In the directors' opinion, there are reasonable grounds to believe that the Group will be able to pay its debts as and when they become due and payable as a consequence of continued support provided by the Australian Sports Commission.

This declaration is made in accordance with a resolution of the Board of Directors.

Peter Hedge President Triathlon Australia Limited

27 September 2010

Triathlon Australia Limited

ABN 67 007 356 907

Statement of Comprehensive Income

For the Year Ended 30 June 2010

Consolidated Parent 2010 2009 2010 2009 Note $ $ $ $

Revenue 2 4,433,311 3,037,163 4,026,099 2,158,584

Sydney World Cup Funding 1,378,256 - 1,378,256 -

Employee benefits expense (681,235) (668,997) (674,352) (668,997)

Depreciation of plant and equipment 3 (55,238) (29,560) (23,934) (23,523)

Rent 3 (72,981) (50,320) (72,981) (50,320)

Competition expenses (1,879,778) (1,329,625) (1,242,949) (46,056)

Insurance expenses (341,393) (339,558) (341,393) (339,558)

Travel and accommodation expenses (490,029) (117,386) (490,029) (60,267)

Elite Athlete Services (659,134) (736,030) (659,134) (736,030)

Sydney World cup expenses (1,378,256) - (1,378,256) -

Impairment expense - - (285,137) (363,650)

Sport development (24,198) - (24,198) -

Other expenses (150,475) (64,673) (133,142) (65,064)

Profit before income tax 78,850 (298,986) 78,850 (194,881)

Profit attributable to members 78,850 (298,986) 78,850 (194,881)

Other comprehensive income - - - - Total comprehensive income for the year 78,850 (298,986) 78,850 (194,881) Total comprehensive income for the year attributable to members 78,850 (298,986) 78,850 (194,881)

Triathlon Australia Limited

ABN 67 007 356 907

Statement of Financial Position as at 30 June 2010

Consolidated Parent 2010 2009 2010 2009 Note $ $ $ $

ASSETS

Current assets

Cash and cash equivalents 4 1,103,740 1,531,255 1,103,261 1,512,890

Trade and other receivables 5 97,801 383,205 94,421 404,148

Prepayments 6 29,006 698,361 29,006 696,372

Other current assets 7 58,608 26,670 58,608 26,670

Total current assets 1,289,155 2,639,491 1,285,296 2,640,080

Non-current assets Investments accounted for using the equity method - - 2 2

Property, plant and equipment 8 42,222 68,037 42,222 44,115

Intangible assets 9 4,923 11,423 4,923 4,041

Total non-current assets 47,145 79,460 47,147 48,158

TOTAL ASSETS 1,336,300 2,718,951 1,332,443 2,688,238

LIABILITIES

Current liabilities

Trade and other payables 10 1,253,795 2,719,761 1,249,938 2,689,048

Short-term provisions 11 26,679 22,214 26,679 22,214

TOTAL LIABILITIES 1,280,474 2,741,975 1,276,617 2,711,262

NET ASSETS 55,826 (23,024) 55,826 (23,024)

EQUITY

Distributable reserve 55,826 (23,024) 55,826 (23,024)

TOTAL EQUITY 55,826 (23,024) 55,826 (23,024)

Triathlon Australia Limited

ABN 67 007 356 907

Statement of Changes in Equity

For the Year Ended 30 June 2010

2010 Parent Retained Earnings Total $ $ Balance at 1 July 2009 (23,024) (23,024) Profit attributable to members 78,850 78,850 Balance at 30 June 2010 55,826 55,826

2009 Parent Retained Earnings Total $ $ Balance at 1 July 2008 171,857 171,857 Profit attributable to members (194,881) (194,881) Balance at 30 June 2009 (23,024) (23,024)

2010 Consolidated Retained Earnings Total $ $ Balance at 1 July 2009 (23,024) (23,024) Profit attributable to members 78,850 78,850 Balance at 30 June 2010 55,826 55,826

2009 Consolidated Retained Earnings Total $ $ Balance at 1 July 2008 275,962 275,962 Profit attributable to members (298,986) (298,986) Balance at 30 June 2009 (23,024) (23,024)

Triathlon Australia Limited

ABN 67 007 356 907

Cash Flow Statement

For the Year Ended 30 June 2010

Consolidated Parent 2010 2009 2010 2009 Note $ $ $ $

Cash from operating activities: Receipts from customers 4,647,656 3,213,734 4,181,607 2,432,717 Payments to suppliers and employees (4,944,795) (2,018,978) (4,526,702) (1,277,144) Interest received 29,420 19,134 29,382 19,041 Net cash provided by (used in) operating activities 16 (267,719) 1,213,890 (315,713) 1,174,614

Cash flows from investing activities: Acquisition of property, plant and equipment (153,012) (77,752) (87,132) (52,621) Receipts on sale of plant - - - - Acquisition of intangible assets (6,784) (9,840) (6,784) - Net cash provided by (used in) investing activities (159,796) (87,592) (93,916) (52,621)

Net increase (decreases) in cash held (427,515) 1,126,298 (409,629) 1,121,993 Cash at beginning of financial year 1,531,255 404,957 1,512,890 390,897

Cash at end of financial year 4 1,103,740 1,531,255 1,103,261 1,512,890

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

1 Statement of Significant Accounting Policies

(a) General information

The financial statements are general purpose financial statements that have been prepared in accordance with Accounting Standards (including Australian Accounting Interpretations) and the Corporations Act 2001.

Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated.

The financial statements cover the economic entity of Triathlon Australia Limited as an individual parent entity and Triathlon Australia Limited and the controlled entity as an economic entity. Triathlon Australia Limited is a Group limited by shares, incorporated and domiciled in Australia.

The following is a summary of the material accounting policies adopted by the Group in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.

(b) Basis of Preparation

Reporting Basis and Conventions

The financial statements have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.

(c) Comparative Figures

Where required by accounting standards comparative figures have been adjusted to conform with changes in presentation for the current financial year.

(d) Inventories

Inventories are measured at the lower of cost and current replacement cost. Inventories acquired at no cost, or for nominal consideration are valued at the current replacement cost as at the date of acquisition.

(e) Property, Plant and Equipment

Each class of property, plant and equipment is carried at cost or fair values as indicated, less, where applicable, accumulated depreciation and impairment losses.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Plant and equipment

Plant and equipment are measured on the cost basis less depreciation and impairment losses.

The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed on the basis of the expected net cash flows that will be received from the asset’s employment and subsequent disposal. The expected net cash flows have been discounted to their present values in determining recoverable amounts.

Depreciation

The depreciable amount of all fixed assets, excluding freehold land, is depreciated on a straight-line basis over the asset’s useful life to the Group commencing from the time the asset is held ready for use.

The depreciation rates used for each class of depreciable assets are:

Class of Fixed Asset Depreciation Rate Plant and equipment 10 – 40%

The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

Asset classes carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of comprehensive income. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings.

(f) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position.

(g) Employee Benefits

Provision is made for the Group's liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled, plus related on-costs. Employee benefits payable later than one year have been measured at present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employee wage increases and the probability that the employee may not satisfy vesting requirements. Those cash outflows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Contributions are made by the entity to an employee superannuation fund and are charged as expenses when incurred.

(h) Financial Instruments

Initial recognition and measurement

Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions of the instrument. For financial assets, this is equivalent to the date that the entity commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted)..

Financial instruments are initially measured at fair value plus transactions costs except where the instrument is classified ‘at fair value through profit or loss’ in which case transaction costs are expensed to profit or loss immediately. Financial instruments are classified and measured as set out below.

Derecognition

Financial assets are derecognised where the contractual rights to receipt of cash flows expires or the asset is transferred to another party whereby the entity no longer has any significant continuing involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised where the related obligations are either discharged, cancelled or expire. The difference between the carrying value of the financial liability, which is extinguished or transferred to another party and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed is recognised in profit or loss.

Classification and subsequent measurement

Finance instruments are subsequently measured at either fair value, amortised cost using the effective interest rate method, or cost. Fair value represents the amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an active market are used to determine fair value. In other circumstances, valuation techniques are adopted.

(i) Financial assets at fair value through profit or loss Financial assets are classified at ‘fair value through profit or loss’ when they are held for trading for the purpose of short term profit taking, or where they are derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in carrying value being included in profit or loss.

(ii) Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost. Loans and receivables are included in current assets, except for those which are not expected to mature within 12 months after the end of the reporting period, which are classified as non-current assets.

(iii) Held-to-maturity investments

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or determinable payments, and it is the entity’s intention to hold these investments to maturity. They are subsequently measured at amortised cost. Held to maturity investments are included in non- current assets, except for those which are not expected to mature within 12 months within 12 months after the end of the reporting period, If during the period the company sold or reclassified more than an insignificant amount of the held-to-maturity investments before maturity, the entire held-to-maturity investment would be tainted and reclassified as available-for-sale.

(iv) Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are either not capable of being classified into other categories of financial assets due to their nature, or they are designated as such by management. They comprise investments in the equity of other entities where there is neither a fixed maturity nor fixed or determinable payments. Available-for-sale financial assets are included in non-current assets, except for those which are expected to be disposed of within 12 months after the end of the reporting period.

(v) Financial liabilities Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost. Fair value Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted securities, including recent arm’s length transactions, reference to similar instruments and option pricing models. Impairment At the end of each reporting period, the entity assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen. Impairment losses are recognised in the statement of comprehensive income.

(i) Provisions

Provisions are recognised when the group has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

(j) Contributions

Triathlon Australia Limited receives non-reciprocal contributions from the government and other parties for no or a nominal value. These contributions are recognised at the fair value on the date of acquisition upon which time an asset is taken up in the balance sheet and revenue in the income statement.

(k) Revenue

Revenue from the sale of goods is recognised upon the delivery of goods to customers.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Grant revenue is recognised in the statement of comprehensive income when the entity obtains control of the grant and it is probable that the economic benefits gained from the grant will flow to the entity and the amount of the grant can be measured reliably.

If conditions are attached to the grant which must be satisfied before it is eligible to receive the contribution, the recognition of the grant as revenue will be deferred until those conditions are satisfied.

When grant revenue is received whereby the entity incurs an obligation to deliver economic value directly back to the contributor, this is considered a reciprocal transaction and the grant revenue is recognised in the statement of financial position as a liability until the service has been delivered to the contributor, otherwise the grant is recognised as income on receipt.

Interest revenue is recognised using the effective interest rate method, which for floating rate financial assets is the rate inherent in the instrument.

Revenue from the rendering of services is recognised upon the delivery of the service to the customers.

(l) Intangibles

Software Software is recorded at cost. Software has a finite life and is carried at cost less any accumulated amortisation and impairment losses. It has an estimated useful life of between one and two years. It is assessed annually for impairment.

(m) Economic Dependence

Triathlon Australia Limited is dependent on the Australian Sports Commission for the majority of its revenue used to operate the business. At the date of this report the Board of Directors has no reason to believe the Australian Sports Commission will not continue to support Triathlon Australia Limited.

(n) Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the statement of financial position are shown inclusive of GST.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows.

(o) Rounding of Amounts

The Group has applied the relief available to it under ASIC Class Order 98/100 and accordingly, amounts in the financial report and directors' report have been rounded off to the nearest $1.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

(p) Impairment of Assets

At each reporting date, the Group reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use, is compared to the asset's carrying value. Any excess of the asset's carrying value over its recoverable amount is expensed to the statement of comprehensive income.

Where the future economic benefits of the asset are not primarily dependent upon the asset’s ability to generate net cash inflows and when the entity would, if deprived of the asset, replace its remaining future economic benefits, value in use is determined as the depreciated replacement cost of an asset.

Where it is not possible to estimate the recoverable amount of an assets class, the entity estimates the recoverable amount of the cash-generating unit to which the class of assets belong

Where an impairment loss on a revalued asset is identified, this is debited against the revaluation reserve in respect of the same class of asset to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that same class of asset.

(q) Classification of leases in financial statements of lessees

Leases of fixed assets, where substantially all the benefits and risks incidental to the ownership of the asset , but not the legal ownership, are transferred to the entity are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the entity will obtain ownership of the asset. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period.

Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the lease term.

(r) Critical accounting estimates and judgments

The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the group.

Key Estimates Impairment The group assesses impairment at each reporting date by evaluation of conditions and events specific to the group that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions.

(s) Income Tax No provision for income tax has been raised as the entity is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

(t) Adoption of New and Revised Accounting Standards During the current year the company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. The adoption of these standards has impacted the recognition, measurement and disclosure of certain transactions. The following is an explanation of the impact the adoption of these standards and interpretations has had on the financial statements of [insert company name] Not For Profit (Reporting) Limited. AASB 101: Presentation of Financial Statements In September 2007 the Australian Accounting Standards Board revised AASB 101 and as a result, there have been changes to the presentation and disclosure of certain information within the financial statements. Below is an overview of the key changes and the impact on the company’s financial statements. Disclosure impact Terminology changes — The revised version of AASB 101 contains a number of terminology changes, including the amendment of the names of the primary financial statements. Reporting changes in equity — The revised AASB 101 requires all changes in equity arising from transactions with owners, in their capacity as owners, to be presented separately from non-owner changes in equity. Owner changes in equity are to be presented in the statement of changes in equity, with non-owner changes in equity presented in the statement of comprehensive income. The previous version of AASB 101 required that owner changes in equity and other comprehensive income be presented in the statement of changes in equity. Statement of comprehensive income — The revised AASB 101 requires all income and expenses to be presented in either one statement, the statement of comprehensive income, or two statements, a separate income statement and a statement of comprehensive income. The previous version of AASB 101 required only the presentation of a single income statement. The company’s financial statements now contain a statement of comprehensive income. Other comprehensive income — The revised version of AASB 101 introduces the concept of ‘other comprehensive income’ which comprises of income and expenses that are not recognised in profit or loss as required by other Australian Accounting Standards. Items of other comprehensive income are to be disclosed in the statement of comprehensive income. Entities are required to disclose the income tax relating to each component of other comprehensive income. The previous version of AASB 101 did not contain an equivalent concept.

(u) New Accounting Standards for Application in Future Periods The AASB has issued new and amended accounting standards and interpretations that have mandatory application dates for future reporting periods. The company has decided against early adoption of these standards. A discussion of those future requirements and their impact on the company follows: • AASB 9: Financial Instruments and AASB 2009-11: Amendments to Australian Accounting Standards arising from AASB 9 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 121, 127, 128, 131, 132, 136, 139, 1023 & 1038 and Interpretations 10 & 12] (applicable for annual reporting periods commencing on or after 1 January 2013). These standards are applicable retrospectively and amend the classification and measurement of financial assets. The company has not yet determined any potential impact on the financial statements. The changes made to accounting requirements include: • simplifying the classifications of financial assets into those carried at amortised cost and those carried at fair value; • simplifying the requirements for embedded derivatives; • removing the tainting rules associated with held-to-maturity assets;

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

• removing the requirements to separate and fair value embedded derivatives for financial assets carried at amortised cost; • allowing an irrevocable election on initial recognition to present gains and losses on investments in equity instruments that are not held for trading in other comprehensive income. Dividends in respect of these investments that are a return on investment can be recognised in profit or loss and there is no impairment or recycling on disposal of the instrument; • requiring financial assets to be reclassified where there is a change in an entity’s business model as they are initially classified based on (a) the objective of the entity’s business model for managing the financial assets; and (b) the characteristics of the contractual cash flows. • AASB 124: Related Party Disclosures (applicable for annual reporting periods commencing on or after 1 January 2011). This standard removes the requirement for government related entities to disclose details of all transactions with the government and other government-related entities and clarifies the definition of a related party to remove inconsistencies and simplify the structure of the standard. No changes are expected to materially affect the company. • AASB 2009–4: Amendments to Australian Accounting Standards arising from the Annual Improvements Project [AASB 2 and AASB 138 and AASB Interpretations 9 & 16] (applicable for annual reporting periods commencing from 1 July 2009) and AASB 2009–5: Further Amendments to Australian Accounting Standards arising from the Annual Improvements Project [AASB 5, 8, 101, 107, 117, 118, 136 & 139] (applicable for annual reporting periods commencing from 1 January 2010). These standards detail numerous non-urgent but necessary changes to accounting standards arising from the IASB’s annual improvements project. No changes are expected to materially affect the company. • AASB 2009–8: Amendments to Australian Accounting Standards — Group Cash-settled Share-based Payment Transactions [AASB 2] (applicable for annual reporting periods commencing on or after 1 January 2010). These amendments clarify the accounting for group cash-settled share-based payment transactions in the separate or individual financial statements of the entity receiving the goods or services when the entity has no obligation to settle the share-based payment transaction. The amendments incorporate the requirements previously included in Interpretation 8 and Interpretation 11 and as a consequence these two Interpretations are superseded by the amendments. These amendments are not expected to impact the company. • AASB 2009–9: Amendments to Australian Accounting Standards — Additional Exemptions for First-time Adopters [AASB 1] (applicable for annual reporting periods commencing on or after 1 January 2010). These amendments specify requirements for entities using the full cost method in place of retrospective application of Australian Accounting Standards for oil and gas assets and exempt entities with existing leasing contracts from reassessing the classification of those contracts in accordance with Interpretation 4 when the application of their previous accounting policies would have given the same outcome. These amendments are not expected to impact the company. • AASB 2009–10: Amendments to Australian Accounting Standards — Classification of Rights Issues [AASB 132] (applicable for annual reporting periods commencing on or after 1 February 2010). The amendments clarify that rights, options or warrants to acquire a fixed number of an entity’s own equity instruments for a fixed amount in any currency are equity instruments if the entity offers the rights, options or warrants pro-rata to all existing owners of the same class of its own non-derivative equity instruments. The amendments are not expected to impact the company. • AASB 2009–12: Amendments to Australian Accounting Standards [AASBs 5, 8, 108, 110, 112, 119, 133, 137, 139, 1023 & 1031 and Interpretations 2, 4, 16, 1039 & 1052] (applicable for annual reporting periods commencing on or after 1 January 2011). This Standard makes a number of editorial amendments to a range of Australian Accounting Standards and

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Interpretations, including amendments to reflect changes made to the text of IFRSs by the IASB. The Standard also amends AASB 8 to require entities to exercise judgment in assessing whether a government and entities known to be under the control of that government are considered a single customer for the purposes of certain operating segment disclosures. The amendments are not expected to impact the company. • AASB 2009–13: Amendments to Australian Accounting Standards arising from Interpretation 19 [AASB 1] (applicable for annual reporting periods commencing on or after 1 July 2010). This Standard makes amendments to AASB 1 arising from the issue of Interpretation 19. The amendments allow a first-time adopter to apply the transitional provisions in Interpretation 19. This Interpretation is not expected to impact the company. • AASB 2009–14: Amendments to Australian Interpretation — Prepayments of a Minimum Funding Requirement [AASB Interpretation 14] (applicable for annual reporting periods commencing on or after 1 January 2011). This standard amends Interpretation 14 to address unintended consequences that can arise from the previous accounting requirements when an entity prepays future contributions into a defined benefit pension plan. • AASB Interpretation 19: Extinguishing Financial Liabilities with Equity Instruments (applicable for annual reporting periods commencing from 1 July 2010). This Interpretation deals with how a debtor would account for the extinguishment of a liability through the issue of equity instruments. The Interpretation states that the issue of equity should be treated as the consideration paid to extinguish the liability, and the equity instruments issued should be recognised at their fair value unless fair value cannot be measured reliably in which case they shall be measured at the fair value of the liability extinguished. The Interpretation deals with situations where either partial or full settlement of the liability has occurred. This Interpretation is not expected to impact the company. The company does not anticipate early adoption of any of the above Australian Accounting Standards.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

2 Revenue

Consolidated Parent 2010 2009 2010 2009 $ $ $ $

Sponsorship 40,500 297,647 - 25,318

Affiliation & Insurance fees 1,060,417 1,030,464 1,060,417 1,030,464

Interest received 29,420 19,134 29,382 19,041

Race entry fees 226,271 597,774 - -

Athlete levies 810,340 37,214 832,340 37,214

Uniform sales 661,547 9,177 661,547 9,177

Other 7,589 62,518 12,186 54,135

Write back of prior period income (11,258) - (11,258) -

2,824,826 2,053,928 2,562,614 1,175,349

Funding received and expended on elite program and funded events 2,986,741 983,235 2,841,741 983,235

Total 5,811,567 3,037,163 5,404,354 2,158,584

3 Profit from Ordinary Activities

(a) Expenses

Depreciation of plant and equipment 45,098 23,927 21,176 20,348

Amortisation of development costs 10,140 5,633 2,758 3,175

Rent 72,981 50,320 72,981 50,320

4 Cash and Cash Equivalents

Cash on hand 2 2 - - Cash at bank 1,103,738 1,531,253 1,103,261 1,512,890

1,103,740 1,531,255 1,103,261 1,512,890

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Reconciliation of Cash Cash at the end of the financial year as shown in the cash flow statement is reconciled to items in the balance sheet as follows: Cash and cash equivalents 1,103,740 1,531,255 1,103,261 1,512,890

1,103,740 1,531,255 1,103,261 1,512,890

5 Trade and Other Receivables

Current Trade receivables 108,010 383,710 82,536 266,241 Provision for impairment of receivables (10,209) (505) (9,369) (505) Amounts receivable from related parties - - 670,041 502,062 Provision for impairment of related parties - - (648,787) (363,650)

97,801 383,205 94,421 404,148

Credit Risk — Trade and Other Receivables

The company does not have any material credit risk exposure to any single receivable or group of receivables.

The following table details the company’s trade and other receivables exposed to credit risk (prior to collateral and other credit enhancements) with ageing analysis and impairment provided for thereon. Amounts are considered as ‘past due’ when the debt has not been settled within the terms and conditions agreed between the company and the customer or counter party to the transaction. Receivables that are past due are assessed for impairment by ascertaining solvency of the debtors and are provided for where there are specific circumstances indicating that the debt may not be fully repaid to the company.

The balances of receivables that remain within initial trade terms (as detailed in the table) are considered to be of high credit quality, or have already been impaired.

Triathlon Australia Limited

ABN 67 007 356 907 Notes to the Financial Statements

For the Year Ended 30 June 2010

Consolidated Past due but not impaired Past due and (days overdue) Within initial Gross amount impaired < 30 31–60 61–90 > 90 trade terms $ $ $ $ $ $ $ 2010 Trade and term 97,801 - 44,341 1,700 51,760 - - receivables Other receivables ------Total 97,801 - 44,341 1,700 51,760 - -

2009 Trade and term 383,205 - 247,821 27,028 42,417 65,939 - receivables Other receivables ------Total 383,205 - 247,821 27,028 42,417 65,939 -

Triathlon Australia Limited

ABN 67 007 356 907 Notes to the Financial Statements

For the Year Ended 30 June 2010

Parent Past due but not impaired Past due and (days overdue) Within initial Gross amount impaired < 30 31–60 61–90 > 90 trade terms $ $ $ $ $ $ $ 2010 Trade and term 73,167 - 44,341 700 28,126 - - receivables Other receivables 21,254 - 21,254 - - - - Total 94,421 - 65,595 700 28,126 - -

2009 Trade and term 265,736 - 236,820 27,028 1,008 880 - receivables Other receivables 138,412 - 138,412 - - - - Total 404,148 - 375,232 27,028 1,008 880 -

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

6 Prepayments Prepayments 29,006 698,361 29,006 696,372 29,006 698,361 29,006 696,372

7 Other Assets

Current: Sundry debtors 58,608 26,670 58,608 26,670 58,608 26,670 58,608 26,670

8 Property Plant and Equipment Plant and equipment at cost 80,949 101,544 80,949 73,182 Less accumulated depreciation (38,727) (33,507) (38,727) (29,067) Total property, plant and equipment 42,222 68,037 42,222 44,115

(a) Movements in Carrying Amounts Plant and Equipment Total Consolidated $ $ Current Year Balance at the beginning of year 68,037 68,037 Additions 153,012 153,012 Depreciation (45,098) (45,098) Disposals (133,729) (133,729) Carrying amount at the end of year 42,222 42,222

Prior Year Balance at the beginning of year 14,212 14,212 Additions 77,752 77,752 Depreciation (23,927) (23,927)

Carrying amount at the end of year 68,037 68,037

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Plant and Equipment Total Parent $ $ Current Year Balance at the beginning of year 44,115 44,115 Additions 87,132 87,132 Depreciation (21,176) (21,176) Disposals (67,849) (67,849) Balance at 30 June 2010 42,222 42,222

Prior Year Balance at the beginning of year 11,842 11,842 Additions 52,621 52,621 Depreciation (20,348) (20,348) Balance at 30 June 2009 44,115 44,115

9 Intangible assets

(a) Carrying values

Consolidated Parent 2010 2009 2010 2009 $ $ $ $

Logo Development - cost - 8,775 - 8,775 Accumulated amortisation and impairment - (8,775) - (8,775)

Net carrying value - - - -

Database Development - cost 11,340 7,700 11,340 7,700 Accumulated amortisation and impairment (6,417) (4,490) (6,417) (4,490)

Net carrying value 4,923 3,210 4,923 3,210

Website Development - cost - 14,840 - 5,000 Accumulated amortisation and impairment - (6,627) - (4,169)

Net carrying value - 8,213 - 831

Total Intangibles 4,923 11,423 4,923 4,041

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

9 Intangible assets continued

(b) Reconciliation Parent Logo Website Database Development Development Development Total $ $ $ $

Year ended 30 June 2009 Opening balance - 2,083 5,133 7,216 Additions - - - - Amortisation - (1,249) (1,926) (3,175) Balance at 30 June 2009 - 834 3,207 4,041

Year ended 30 June 2010 Opening balance - 834 3,207 4,041 Additions - - 6,784 6,784 Amortisation - (834) (1,924) (2,758) Disposals - - (3,144) (3,144) Balance at 30 June 2010 - - 4,923 4,923

Consolidated Logo Website Database Development Development Development Total $ $ $ $

Year ended 30 June 2009 Opening balance - 2,083 5,133 7,216 Additions - 9,840 - 9,840 Amortisation - (3,707) (1,926) (5,633) Balance at 30 June 2009 - 8,216 3,207 11,423

Year ended 30 June 2010 Opening balance - 8,216 3,207 11,423 Additions - - 6,784 6,784 Amortisation - (8,216) (1,924) (10,140) Disposals - - (3,144) (3,144) Balance at 30 June 2010 - - 4,923 4,923

10 Trade and Other Payables

Trade payables 413,207 442,842 413,207 429,976 Unearned revenues 800,078 2,209,685 800,078 2,189,685 Sundry creditors and accrued expenses 37,510 59,921 33,653 59,923 GST payable / (receivable) - (2,013) - 137 Other payables 3,000 9,326 3,000 9,327

1,253,795 2,719,761 1,249,938 2,689,048

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Consolidated Parent 2010 2009 2010 2009 $ $ $ $

11 Provisions

Current: Employee benefits 26,679 22,214 26,679 22,214

26,679 22,214 26,679 22,214

12 Related Party Transactions

Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated.

13 Auditors' Remuneration Remuneration of the auditor of the parent entity for: - Auditing or reviewing the financial report 11,170 10,605 11,170 10,605

14 Segment Reporting

The Group operates predominately in one business and geographical segment being administration of the sport of triathlon in Australia.

15 Capital and Leasing Commitments

(a) Operating Lease Commitments

Future operating lease rentals not provided for in the financial statements and payable:

Payable - minimum lease payments - not later than 12 months - 23,844 - 23,844 - between 12 months and 5 years - - - -

- 23,844 - 23,844

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Consolidated Parent 2010 2009 2010 2009 $ $ $ $

16 Cash Flow Information

(a) Reconciliation of Cashflow from Operations with Profit after Income Tax

Profit after income tax 78,850 (298,985) 78,850 (194,881)

Non cash flows Depreciation and amortisation 55,238 29,560 23,934 387,172 Write down of Tri Aus Events Pty Ltd loan - - 285,137 -

Changes in assets and liabilities

(Increase)/decrease in trade and other receivables 289,641 127,784 151,767 245,252 (Increase)/decrease in other assets 2,012 - - - (Increase)/decrease in prepayments 669,355 (658,996) 667,366 (676,487) Increase/(decrease) in trade and other payables (1,376,984) 2,060,662 (1,368,117) 2,062,581 Increase/(decrease) in provisions 14,169 (46,135) 13,329 (46,135) Increase/(decrease) in related company loans - - (167,979) (602,888)

(267,719) 1,213,890 (315,713) 1,174,614

17 Controlled Entities

The parent company holds the only two issued $1 fully paid ordinary shares in a company called Tri Aus Events Pty Ltd. This company has been trading since the financial year ended 30 June 2005.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

18 Financial Instruments

(a) Financial Risk Management

The entity’s financial instruments consist mainly of deposits with banks, local money market instruments, short-term investments, accounts receivable and payable.

The entity does not have any derivative instruments at 30 June 2010.

The totals for each category of financial instruments, measured in accordance with AASB 139 as detailed in the accounting policies to these financial statements, are as follows:

Consolidated Parent Note 2010 2009 2010 2009 $ $ $ $ Financial Assets Cash and cash equivalents 4 1,103,740 1,531,255 1,103,261 1,512,890 Financial assets at fair value through profit or loss — Held for trading - - - - Held-to-maturity investments — Government and fixed interest - - - - securities Loans and receivables 5 97,801 383,205 94,421 204,290 Available-for-sale financial assets — Shares in listed corporations - - - - 1,201,541 1,914,460 1,197,682 1,717,180

Financial Liabilities Financial liabilities at amortised cost — Trade and other payables 10 1,253,795 2,719,761 1,249,938 2,689,047 — Borrowings 1,253,795 2,719,761 1,249,938 2,689,047

Treasury Risk Management A finance committee consisting of senior committee members meet on a regular basis to analyse financial risk exposure and to evaluate treasury management strategies in the context of the most recent economic conditions and forecasts. Financial Risk Exposures and Management The main risks the entity is exposed to through its financial instruments are interest rate risk, liquidity risk and credit risk. Interest rate risk Interest rate risk is managed with a mixture of fixed and floating rate debt. At 30 June 2010 there is no fixed rate debt.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Foreign currency risk The entity is not exposed to fluctuations in foreign currencies.

Liquidity risk The entity manages liquidity risk by monitoring forecast cash flows and ensuring that adequate unutilised borrowing facilities are maintained.

Financial liability and financial asset maturity analysis Consolidated Note Within 1 Year 1 to 5 Years Total contractual cash flow 2010 2009 2010 2009 2010 2009 $ $ $ $ $ $ Financial liabilities due for payment Lease Liabilities ------Trade and other payables (excluding estimated annual leave and deferred 450,717 499,363 - - 450,717 499,363 income) Total expected outflows 450,717 499,363 - - 450,717 499,363

Financial assets — cash flows realisable Cash and cash equivalents 1,103,740 1,531,255 - - 1,103,740 1,531,255 Trade, term and loans 156,409 409,875 - - 156,409 409,875 receivables Other investments ------Total anticipated inflows 1,260,149 1,941,130 - - 1,260,149 1,941,130 Net (outflow)/inflow on financial instruments 809,432 1,441,767 - - 809,432 1,441,767

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Parent Note Within 1 Year 1 to 5 Years Total contractual cash flow 2010 2009 2010 2009 2010 2009 $ $ $ $ $ $ Financial liabilities due for payment Lease Liabilities ------Trade and other payables (excluding estimated annual leave and deferred 446,860 499,363 - - 446,860 499,363 income) Total expected outflows 446,860 499,363 - - 446,860 499,363

Financial assets — cash flows realisable Cash and cash equivalents 1,103,261 1,512,890 - - 1,103,261 1,512,890 Trade, term and loans 153,029 496,696 - - 153,029 496,696 receivables Other investments ------Total anticipated inflows 1,256,290 2,009,586 - - 1,256,290 2,009,586 Net (outflow)/inflow on financial instruments 809,430 1,510,223 - - 809,430 1,510,223 Credit risk The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets, is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the balance sheet and notes to the financial statements. The entity does not have any material credit risk exposure to any single receivable or group of receivables under financial instruments entered into by the entity. There are no material amounts of collateral held as security at 30 June 2010. Credit risk is managed by the entity and reviewed regularly by the finance committee. It arises from exposures to customers as well as through deposits with financial institutions. The entity monitors the credit risk by actively assessing the rating quality and liquidity of counterparties: — Only banks and financial institutions with an ‘A’ rating are utilised. — Only accredited fund managers linked to ‘A’ rated financial institutions are used. — No more than 3% of total investments may be held at any time in a particular investment. — The credit standing of counterparties is reviewed monthly for liquidity and credit risk. The trade receivables balances at 30 June 2010 and 30 June 2009 do not include any counterparties with external credit ratings. Customers are assessed for credit worthiness using the criteria detailed above. Price risk The entity is not exposed to any material commodity price risk.

Triathlon Australia Limited

ABN 67 007 356 907 Notes to the Financial Statements

For the Year Ended 30 June 2010

18 Financial Instruments continued

(b) Financial Instruments Composition and Maturity Analysis

The table below reflects the undiscounted contractual settlement terms for financial instruments of a fixed period of maturity, as well as management’s expectations of the settlement period for all other financial instruments. As such, the amounts may not reconcile to the balance sheet. Weighted Average Effective Interest Rate Floating Interest Rate Non-interest Bearing Total 2010 2010 2009 2010 2009 2010 2009 % $ $ $ $ $ $

Financial Assets: Cash and cash equivalents 5.90 1,103,740 1,531,255 - - 1,103,740 1,531,255 Receivables - - - 97,801 383,205 97,801 383,205

Total Financial Assets 1,103,740 1,531,255 97,801 383,205 1,201,541 1,914,460

Financial Liabilities: Trade and sundry payables - - - 1,253,795 2,719,763 1,253,795 2,719,763

Total Financial Liabilities - - 1,253,795 2,719,763 1,253,795 2,719,763

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

Trade and sundry payables are expected to be paid as follows: Trade payables of $413,207 are all payable in less than 3 months (2009: $442,842). Sundry payables of $840,588 are all payable in less than 6 months (2009: $2,276,921).

(c) Net Fair Values

The net fair values of listed investments have been valued at the quoted market bid price at balance date adjusted for transaction costs expected to be incurred. For other assets and other liabilities the net fair value approximates their carrying values. No financial assets or financial liabilities are readily traded on organised markets in standardised form other than listed investments. Financial assets where the carrying amount exceeds net fair values have not been written down as the consolidated group intends to hold these assets to maturity.

The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the balance sheet and in the notes to the financial statements.

Triathlon Australia Limited has no non-current borrowings.

Sensitivity Analysis

The entity performed a sensitivity analysis relating to its exposure to interest rate risk at balance date. This sensitivity analysis demonstrates that there is an immaterial effect on current year results and equity which could result from a change in this risk, with the primary impact being on the quantum of interest earned from interest bearing investments. It is calculated that the impact on earnings and equity of an interest rate increase or decrease of 2% is $44,150 (2009: $53,707).

This sensitivity analysis has been performed on the assumption that all other variables remain unchanged.

No sensitivity analysis has been preformed for foreign exchange risk, as the entity is not exposed to fluctuations in foreign exchange.

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

19 Capital Management Management controls the capital of the entity to ensure that adequate cash flows are generated to fund its mentoring programs and that returns from investments are maximised. The finance committee ensures that the overall risk management strategy is in line with this objective. The finance committee operates under policies approved by the board of directors. Risk management policies are approved and reviewed by the board on a regular basis. These include credit risk policies and future cash flow requirements. The entity’s capital consists of financial liabilities, supported by financial assets. Management effectively manage the entity’s capital by assessing the entity’s financial risks and responding to changes in these risks and in the market. These responses may include the consideration of debt levels. There have been no changes to the strategy adopted by management to control the capital of the entity since previous year. The gearing ratios for the years ended 30 June 2010 and 30 June 2009 are as follows:

2010 2009 $ $ Financial liabilities Trade and other payables 1,253,795 2,719,763 Total 1,253,795 2,719,763 Less cash and cash equivalents 1,103,740 1,531,255 Net debt 150,055 1,188,508

Total equity (reserves + retained earnings) 55,826 (23,024)

Gearing ratio N/A N/A

20 Key Management Personnel Compensation Post Short-term employment benefits benefits Total $ $ $

2010 Total compensation 106,428 6,892 113,320 2009 Total compensation 137,747 10,958 148,705

Triathlon Australia Limited

ABN 67 007 356 907

Notes to the Financial Statements

For the Year Ended 30 June 2010

21 Company Details

Registered office The registered office and principle place of business of the Group is: Triathlon Australia Limited Level 3 256 Coward Street MASCOT, NSW, 2020

22 Members’ Guarantee The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstandings and obligations of the entity. At 30 June 2010 the number of members was 9,888.