Pre-Budget Submission 2017-2018

AACB Pre-Budget Submission Front Cover

Background

On 9 December 2016 the Minister for Small Business called for Pre-Budget Submissions from individuals, businesses and community groups on their views regarding priorities for the 2017-18 Budget. For further information, please see the press release by the Minister for Small Business on 9 December 2015. Submissions closed on 17 February 2017. 237 submissions were received by the Treasury in response to this consultation.

The AACB’s five budget priorities 

1. Invest in a national convention bid fund of up to $10 million per year to increase Australia's competitiveness in bringing conventions and exhibitions of national significance to our cities. 
2. Grant access to the fee-free online Electronic Travel Authority visa scheme for attendees of major business events. Estimated foregone revenue of $10 million per year.
3. Fund a dedicated $10 million business events marketing campaign to change perceptions of Australia as a knowledge economy.
4. Allocate $4 million of Australian aid per year for travel bursary to bring academics, scientists and business leaders from the Indo-Pacific to international conventions held in Australia. 
5. Restore the rules around the Export Market Development Grants to allow approved bodies to receive full funding for international marketing.

 

THE VALUE OF BUSINESS EVENTS TO AUSTRALIA

Over 38 million people attended more than 429,500 business events across Australia in 2015-16. 

These business events directly generated: 

  • $30.2 billion in direct expenditure
  • $13.9 billion in direct value added
  • 193,20 direct jobs
  • $24.9 billion in total economic contribution (GDP)

The Value of Business Events to Australia by Ernst & Young for BECA, Sydney, Jan 2017.

Postal Address
PO Box 6308, O’Connor, ACT 2602
Physical Address
c/- Canberra Business Chamber
Ground Floor, 216 Northbourne Avenue
Braddon ACT 2612
Telephone 1300 692222