BECA supports AACB's stand on the EMDG Bill
An Amendment Bill in relation to the Export Market Development Grant (EMDG) scheme will be introduced to the House of Representatives, proposing to remove ‘event promoters’ from the scheme.
According to the AACB press release the EMDG scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how outside Australia.
Australia’s Convention Bureaux work closely with Professional Conference Organisers (event promoters) to increase international delegate numbers attending conventions held in Australia via delegate boosting initiatives. The removal of ‘event promoters’ from this scheme will reduce the assistance and support provided to an important part of the business events sector.
In 2011/12, Australia’s leading convention bureaux won and assisted the placement of 456 international business events for Australia. These events are expected to attract 149,475 delegates for 609,385 visitor nights, with an economic benefit of $385.2 million.
The AACB’s Executive Director, Andrew Hiebl added, “The proposed amendment will have significant impact resulting in fewer international delegates for Australia and therefore reduced export revenue, and a reduction in all of the indirect benefits brought to the economy by business events. At a time when current global economic conditions and a high AUD make Australia a less attractive long haul destination, now is not the time to be reducing support for delegate boosting activities.”
For a copy of the full press release by AACB click here.