Pre-Federal Election 2019 - Policy Submission
Business events stimulate the visitor economy; however, their impact is much more far-reaching. We invite the Australian government to support the business events industry and get behind this mighty economic powerhouse.
Business events are major drivers of the Australian economy, generating jobs for life, international trade, investment and both regional and national economic development. We are on the precipice of major growth opportunities.
We must act now.
The business events industry is a dynamic, organised and a vital element of the visitor economy. It stands on its own two feet as a major contributor to Australia’s GDP and enables significant commercial opportunities, jobs and contributes to our reputation as a progressive, innovative and successful nation with which to do business.
The industry actively extends the government’s investment in hospitality, transport and tourism into real dollars for communities across Australia’s cities and regional areas.
Around the world, governments are investing in business events to attract trade, investment and talent. Globally, the business events sector is forecast to grow at 4% and for years has outstripped GDP . We were once in the lead, but we are now getting left behind.
The business events industry is a powerful demonstrated facilitator of:
- Job generation across Australia
- International trade opportunities
- Regional development and tourism pathways
- Soft diplomacy
- Go-to-market strategies for new products and services (especially from regional areas)
- Knowledge sharing: research, new technologies and partnership creation
The Business Events Council of Australia calls for an unequivocal policy and funding commitment to business events to drive an increase to tourism, trade, investment and knowledge sharing through six pillars:
- Ensure government investment in Tourism Australia
- Commit to ongoing business events research
- Commit to an Infrastructure Study
- Enable Australians access to relevant industry skill development
- Enable a nimble events workforce through VISA reform
- Encourage links with Austrade and other economic development and trade agencies
- To Establish a Growth Industries Business Events Team to coordinate the translation of Growth Centre output.
Download BECA’s Pre-Election Advocacy Document
Download BECA’s Pre-Budget Submission Document
Download Supporting the jobs of today, generating and securing the jobs of the future. Business Events Sector: New Policy Framework
Business events are any public or private event consisting of a minimum of 15 people with a common interest or vocation and hosted by an organisation. They include conferences, conventions, symposia, congresses, incentive groups, trade shows, exhibitions and corporate retreats - The Value of Business Events to Australia, Ernst Young, 2015
The Value of Business Events to Australia, Ernst Young, 2015