News: Finance
APRA and PPCA agree unified music licensing system
Australian music rights management organisations APRA AMCOS and the Phonographic Performance Company of Australia (PPCA) have signed a Memorandum of Understanding to develop a...
Dec 15, 2016
Legal /
Finance /
Venues /
Aquatics /
Entertainment
Funding winners and losers as New Zealand sport looks to Tokyo 2020
High Performance Sport New Zealand (HPSNZ) today announced its $35 million core investment programme for 2017. The new investement figures represent the first year of two, three...
Dec 14, 2016
Events /
Sport /
Finance
New Zealand rugby's new player deal to see testing for recreational drug use
New Zealand Rugby will introduce random out-of-competition testing for recreational drugs from next season, for coaches and administrators as well as players. The testing regime...
Dec 14, 2016
Sport /
Marketing /
Finance /
Wellness
Uncertain future for former Sydney Olympic velodrome
The Dunc Gray Velodrome, built for the Sydney 2000 Olympic Games, is facing an uncertain future with the City of Canterbury Bankstown concerned over potential future operational...
Dec 13, 2016
Events /
Sport /
Finance /
Venues
Newcastle businessmen plan takeover of NRL's Knights
A group of Newcastle-based businessmen have been given the green light to pursue their takeover of embattled NRL club Newcastle Knights. Sydney newspaper The Daily Telegraph has...
Dec 12, 2016
Sport /
Finance /
Venues
Dreamworld reopening gathers $157,000 charity donation
More than $157,000 will be donated to the families of four people killed in October's Dreamworld ride tragedy following donations made during the weekend reopening of the theme...
Dec 12, 2016
Tourism /
Finance /
Recreation /
Attractions /
Waterparks
Next Capital acquires FEC operator Funlab
Leading Australian out-of-home entertainment company Funlab, the operator of Strike bowling bars as well as Sky Zone trampolines centres and Exitus escape rooms, has reportedly...
Dec 12, 2016
Finance /
Recreation /
Attractions /
Entertainment
Brian Thorburn to step down as PGA Chief Executive
The PGA of Australia has announced that, after six years in the role, Chief Executive Brian Thorburn will be stepping down when he completes his second three-year contract with...
Dec 7, 2016
Events /
Sport /
Finance /
Golf
Spiralling budgets, venue plans dominate Tokyo 2020 meetings
Further efforts to cut costs and plans for the venues that will host five new Olympic sports were the focus of an Olympic Coordination Commission review of the 2020 Tokyo Games...
Dec 5, 2016
Events /
Sport /
Finance /
Venues
NRL concern over declining rugby league participant numbers
NRL Chief Executive Todd Greenberg has admitted that the code has deep concerns about the decline of rugby league player participation. The issue has emerged as being at the...
Dec 4, 2016
Sport /
Culture /
Finance /
Recreation
ACCC will not oppose Quadrant’s Fitness First acquisition
The Australian Competition and Consumer Commission (ACCC) has advised that it will not oppose private equity firm Quadrant's proposed acquisition of Fitness First Australia’s...
Dec 2, 2016
Finance /
Wellness /
Retail /
Fitness
New Zealand tourism leaders propose new $130 million tourism infrastructure fund
Four of New Zealand’s principal tourism leaders have released a report calling on the Minister of Tourism - one of the roles held by New Zealand Prime Minister John Key - to...
Dec 2, 2016
Tourism /
Finance /
Attractions /
Government
Federal Parliament finally agrees 15% backpacker tax
The Federal Government’s backpacker tax finally passed into law yesterday evening after the the Senate backed the 15% rate in exchange. After a week of uncertainty and false...
Dec 1, 2016
Tourism /
Finance /
Government
Historical funding entitlements of major arts companies are ‘cowardly’
Yaron Lifschitz, Director of fast-moving Brisbane circus troupe Circa, has challenged the major performing arts companies to relinquish their privileged funding status and...
Nov 30, 2016
Culture /
Finance /
Entertainment /
Arts
15% backpacker tax compromise 'a victory for common sense'
Industry bodies the Tourism & Transport Forum Australia (TTF) and the Australian Federation of Travel Agents (AFTA) have described today’s Federal Government’s compromise for a...
Nov 28, 2016
Tourism /
Finance /
Government
Australia’s Commonwealth Games team launches Gold Coast 2018 campaign
The Australian Institute of Sport and Commonwealth Games Australia have teamed up to provide an extra $2 million in funding to back athlete preparation for the 2018 Gold Coast...
Nov 27, 2016
Events /
Sport /
Marketing /
Finance
Federal Government looks for 15% backpacker tax compromise
The furore over the backpacker tax could soon be over, with Australian Federal Treasurer Scott Morrison announcing that the Government will compromise again on the rate, and...
Nov 27, 2016
Tourism /
Finance /
Government
Darwin to gain a home venue for rugby league
Rugby league in the Northern Territory will finally get a dedicated stadium after the Northern Territory Government brought forward plans for a $25 million sports facility at...
Nov 23, 2016
Events /
Sport /
Finance /
Venues
Global and local sports leaders to converge in Sydney
Key issues relating to leadership in sport, increasing participation and the challenges of virtual reality, augmented reality and eSports markets are among topical questions...
Nov 23, 2016
Sport /
Marketing /
Finance /
Technology
Grattan Institute report says sugar tax could halt growing obesity rates
The Grattan Institute has recommended a tax on sugar-sweetened drinks to address obesity rates, suggesting that a tax on sugar would reduce soft drink consumption by 15% while...
Nov 22, 2016
Finance /
Recreation /
Wellness /
Government
Malaysia to end F1 Grand Prix hosting after 2018
The organisers of the Malaysian Formula One Grand Prix have confirmed that the contract for staging the race at Kuala Lumpur’s Sepang International Circuit will not be renewed...
Nov 21, 2016
Events /
Sport /
Finance /
Venues
Live music impacts New Zealand’s economy
New Zealand’s live music sector directly contributed an estimated NZ$75.3 million to the country’s economy, according to the recently released PricewaterhouseCoopers’ New...
Nov 21, 2016
Finance /
Venues /
Entertainment
PGA IGI launches new Advanced Club Management Program
Golf club managers who are looking to take the next step in their career can now access a new club management qualification thanks to the PGA International Golf Institute (PGA...
Nov 19, 2016
Hospitality /
Education /
Finance /
Golf
Richmond Tigers report loss but confident on future operations
The Richmond AFL club has reported a small financial loss of $80,257 for the 2016 financial year, the club’s first deficit in 12 years. The 2016 result has been blamed on the...
Nov 18, 2016
Sport /
Education /
Finance /
Aquatics /
Fitness