Queensland Olympic Council

Annual Report 2006

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Queensland Olympic Council Limited

ACN 010 881 615

Registered Office: 82C Merivale Street SOUTH BRISBANE QLD 4101

Postal Address: PO BOX 3643

SOUTH BRISBANE BC QLD 4101

Ph: +61 7 3217 2111 Fax: +61 7 3217 2711

olympics.com.au/qld

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Contents 4 PATRONS, EXECUTIVE BOARD, LIFE MEMBERS & AOC DELEGATES 5 MANAGEMENT TEAM, EDUCATION COMMISSION, MERIT AWARD &

DE COUBERTIN SERVICE AWARD RECIPIENTS 7 - 8 PRESIDENT’S REVIEW 9 - 10 EXECUTIVE DIRECTOR’S REPORT 11 - 13 EDUCATION COMMISSION REPORT 14 - 15 THE OLYMPIANS CLUB OF QUEENSLAND 16 - 17 CONTROLLING BODIES 18 - 19 DIRECTOR’S REPORT 20 INCOME STATEMENT 21 BALANCE SHEET 22 STATEMENT OF CASH FLOWS 23 STATEMENT OF CHANGES IN EQUITY3 24 - 30 NOTES TO THE FINANCIAL STATEMENTS 31 DIRECTOR’S DECLARATION 32 - 34 AUDITOR’S REPORT 35 STATEMENT OF FUNDRAISING FINANCIAL PERFORMANCE

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Queensland Olympic Council Limited Chief Patron Her Excellency Ms. Quentin Bryce AC

Governor of Queensland Patron The Hon. Peter Beattie MP The Premier of Queensland Executive Board President Richard Powell - BA, MBA, MAICD Vice President (Senior) Ray Ebert Vice President (Finance) Trevor Beckingham - B.Bus (Acctcy), FCPA Executive Director Michael Brierley – B.Comm, M.Mgnt Executive Members Jeff Cheales OAM - BE, MBA, FIEAust Judy Hudson-Luxton - BHMS, Grad Dip.T Nicole Pensko - B.App.Sci-HM, Grad Cert. Mgnt, MBA Michael Wenden AM MBE - B.Comm Garry West-Bail – B.Bus Life Members Thomas Blue AM BEM (deceased) Judge Edmond Broad (deceased) Hector Cormie (deceased) VN (Norm) Gailey MBE (deceased) Guerin Gardner OAM FCA (deceased) Cecil Henderson (deceased) Ruby Robinson AM MBE (deceased) EG (Garry) Stephenson (deceased) Terry Moessinger AM Ralph Beckingham OAM AOC Delegates Richard Powell Michael Brierley

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Management Team Executive Director Michael Brierley Project Co-ordinator Monica Klysz Education Commission Chair: Kim Cooper, Olympian

Trevor Beckingham, Queensland Olympic Council Alana Boyd, 2001 International PDC Awards Forum Sue Hooper, Olympian Dr. Ian Jobling, Centre for Olympic Studies – University of Queensland Boyd Jorgensen, Principal Beerwah SHS Jill Koltermann, 2001 International PDC Awards Forum Jana Muzik, Education QLD Mary Summerson, Education QLD Monica Klysz, Queensland Olympic Council

2008 Fundraising Committee Chair: Steve McRoberts (Tourism Queensland)

Roy Prosser (Fosters Australia) Lisa Bennetts (Qantas Airways) Andy Georges (Il Centro) Stephen Downes (Nissan Australia) Max Walters (Channel 7) Matthew Hill-Smith (Pier Nine) Greg Hallam (LGAQ) Judy Hudson-Luxton (President – The Olympians Club of Queensland).

Qantas Legends Golf Classic Organising Committee Chair: Steve McRoberts

Lisa Bennetts (Qantas Airways) David Fordham (Fordham Media Services) Alan Meacock and Judy Burling (Hope Island Resort)

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Merit Award Recipients Tom Anderson Dr. Ian Jobling Duncan Armstrong OAM E. Joe King AM (deceased) Ralph Beckingham OAM Ronald Leahy (deceased) Trevor Beckingham Dean Lukin OAM Tracey Belbin OAM Brian Macdermott Deborah Bowman-Sullivan OAM Clover Maitland OAM Steven Bradbury OAM Norman May OAM Barry Cheales OAM Marlene Mathews AO Hilary Chessher MBE Julie McDonald OAM Shirley Chessher Jennifer Morris OAM Natalie Cook OAM Glynis Nunn-Cearns OAM Kim Cooper Susan O’Neill OAM John Cuneo Kieren Perkins OAM Arthur Cusack (deceased) Clint Robinson OAM Norma Fleming Ruby Robinson AM MBE(deceased) David Fordham Norbury Rogers Renita Garard OAM Danny Sheehan Garry Gardner OAM FCA (deceased) Jon Sieben OAM Grant Hackett OAM Dr. David Theile AO Greg Hallam Kim Tuckwell OAM Lorraine Hillas OAM Michael Wenden AM MBE Stephen Holland OAM Tracey Wickham MBE John Humphreys De Coubertin Service Award John Kane Marlene Mathews AO Dr. Ian Jobling Trevor Beckingham

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President’s Review We are now at the business end of the quadrenium. With less than 18 months till the Opening ceremony of the Beijing Olympics our focus and efforts are on ensuring our Team for the Games has the funding to compete at their very best. And the funding to ensure preparation and support structures is in place that will allow all members of the team every opportunity to excel. The past year has been an induction for the new Executive Director, Michael Brierley who has transitioned into the role exceptionally well since Ian’s retirement in February 2006. It would be remiss of me not to commend him on his efforts to date. His leadership and contribution are making a real difference. Major activities undertaken by the QOC during the past year included the Qantas Legends Golf Day and activities surrounding the 50th Anniversary of the Melbourne Olympics. In conjunction with the ‘56 Torchbearers Club we conducted events culminating in the 50 Years of Homegrown Heroes Gala Dinner in Townsville in November. One of the enduring qualities of the Olympic movement is the manor in which it recognises and respects the past. It creates a legacy steeped in history and tradition for us and future generations to embrace and be proud. Our 50th anniversary celebrations are an example of this. Again we successfully delivered our flagship educational program culminating in the Pierre de Coubertin Awards ceremony held in June at the Queensland Conservatorium which saw 143 of the 202 Award recipients gathered in Brisbane to be presented with their Award. I would again like to recognize the work put in to these awards by the Education Commission and the enormous effort and support provided by Monica Klysz. The support from the Minister and the Education Department is a key component of this program and we are pleased to partner with Education Queensland and showcase the depth and diversity of talent the State is blessed with. With the support of Chairman, Steve McRoberts and the 2008 Fundraising Committee the QOC has put in place a program of initiatives, events and functions to deliver on our funding commitment to our 2008 Olympians. Over the coming 18 months the program will deliver a further $1.1million to the Australian Team Fund. Significant effort has gone into the planning and I am confident its implementation and execution will deliver our targets. I urge all Olympic supporters and those interested in the success of our athletes in Beijing to support Steve, Michael and the team over the coming year. Your support does make the difference. During the later part of the year the Board and Michael reviewed the QOC Strategic plan. As part of that review we reaffirmed our vision for the Olympic movement in Queensland which is “To share the Olympic spirit and experience”. The updated strategic and operational plan will be complete by June 2007 and will be presented to the Board for ratification. In broad terms the strategic plan will support this vision across 5 Key areas of operation:

1. Fundraising/Funding 2. Education 3. Sustainability of Olympic brand in Queensland 4. Stakeholder management, and 5. Long term stable accommodation.

It would be remiss of me not to recognise the contribution made by Milly Wagstaff who left the organisation last year to follow her heart in country NSW. Milly made an important contribution to the QOC and in particular our Education Programs during her tenure. She will be missed. I know you will all join me in wishing her all the very best as she carves out a new future for herself. As one chapter closes another opens and we welcomed Monica Klysz to our small but enthusiastic team in

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South Brisbane. Monica has proved herself to be very capable and competent and we are proud to have her on the team. Support we receive for the Council and our activities from the broad spectrum of the Queensland community is vital for our ongoing success and in turn the success of our Olympic teams into the future. I would again like to acknowledge the State Government, the Premier, Hon Peter Beattie MP, the Minister for Education, Training & the Arts, Hon Rod Welford MP, the Minister for Local Government, Planning & Sport, Andrew Fraser MP, our Fundraising Committee, corporate supporters and volunteers. From a personal perspective I would like to thank my fellow Board members for their contributions and the ongoing assistance we receive from Michael, Monica and our magnificent team of volunteers. In closing I would like to personally thank all the supporters of the QOC who have given their time, expertise and efforts so generously over the past year. In the lead up to Beijing the demands on time and energy will increase. As we know from our sporting heritage, a team effort by all will make our goals much easier to achieve. I am confident we will meet those goals. We are closing in on the opening ceremony in Beijing very quickly. The next 18 months is a critical period for our fundraising activities. Those activities will determine how much support we can provide to the Australian Olympic Team so they can achieve the best possible results in Beijing. Your support makes a difference. Let’s all get behind our team over the next 18 months. Richard Powell President

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Executive Director’s Report It is with great delight that I present my first Executive Director’s report for the Queensland Olympic Council. My first year at the helm was one of getting to know the organisation and the Olympic family and in continuing the great legacy of my predecessor, Ian Guiver. I was lucky enough to work with Ian for 2 months during our hand over and this proved invaluable. We also saw another of our staff members move on and I would like to thank Milly Wagstaff for her wonderful contribution over the past 3 years. We were lucky to find a wonderful replacement for her and welcomed Monica Klysz on board in May. The Board and Committee’s of the QOC have provided a great deal of assistance to me during the year and it was a privilege to get to know them all and work with such a dedicated group of individuals who have nothing but the best interests of the Olympic movement in their hearts and minds. The year saw the start of our fundraising campaign for the 2008 Australian Team. With a target of $1.3M we have a long way to go but have put in place a unique and innovative fundraising plan that will ensure we achieve our goals. Our Fundraising Committee was formed during the year and it is an inspiration to be able to work with some of Brisbane’s most respected business leaders who all generously donate their time, energy and ideas for our great cause. Our 3rd Qantas Legends Golf Classic was again a wonderful success having raised in excess of $80,000. The event has gone from strength to strength and is a testament to the great organising committee we have in place and the amazing support we receive from our Legends who generously donate their time for this great day. Qantas once again have committed their support to the event and announced their continued involvement for 2007. The Queensland Government demonstrated their unwavering commitment to the Olympic movement with a donation of $350,000 towards the 2008 Team Fund. This represents an increase of 16% over their Athens contribution and reflects the wonderful success of Queenslanders in the Australian Team and the pride they bring to our great State. The QOC received the first instalment of the Queensland Government donation at a welcome home ceremony for the Queensland members of the 2006 Australian Winter Olympic Team where the Premier presented them with the Keys to the City. It was rewarding for the team members to receive this wonderful accolade as recognition of their commitment to represent their country at the highest level. We also staged a very successful series of events in Townsville to celebrate the 50th Anniversary of the Melbourne Olympic Games. Over 3 days in November we staged an Education Forum, a black tie fundraising dinner and a primary schools torch relay re-enactment. The support we received from all areas of the community was fantastic and it was the perfect time to reflect on Townsville’s contribution to the Olympic movement. At all levels of Government the QOC is blessed with great relationships and strong support. The Local Government Association of Queensland (LGAQ) hosted the QOC at their South West Conference in Miles and the LGAQ State Conference in Toowoomba this year. These excellent forum’s enable the QOC to maintain and foster close relationships with Mayors and CEOs of the 125 local government authorities. At a State level the Queensland Government continues to support the QOC across a number of portfolios. We extend our gratitude to Premier Peter Beattie, recently retired Minister for Local Government, Planning & Sport, Tom Barton, his newly appointed successor Andrew Fraser and Minister for Education, Training & the Arts, Rod Welford, for their continued support of the Council.

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As always the Australian Olympic Committee provide invaluable support to the QOC’s administrative, education and fundraising activities. I would like to express my thanks to President John Coates and the entire AOC team led by Craig Phillips. Naturally all of our activities rely on the generous support of the corporate sector and I would like to thank Qantas, Nissan and Channel 7 for their major contributions in 2006. Most of all I would like to thank all our Olympians who I have had the great pleasure of getting to know and working with. It is inspirational to see the enthusiasm they all have and their generosity in supporting all of our activities. Our Olympians are wonderful role models and ambassadors for the Olympic movement and we have been privileged to have been able to touch the hearts and minds of thousands of young children during our school visits and community and education programs in 2006. I would also like to offer our thanks to all those volunteers who helped the QOC with many of our programs and events, including our Pierre de Coubertin Awards, research for our Olympians Club, documenting the Queensland 1956 Olympians and research for our fundraising activities. The QOC had another great year in delivering our Olympic education program to schools, community groups and the general public. Education Commission Chair, Kim Cooper will cover the success of our involvement in these programs in her Education Report. In 2006 the QOC achieved a trading loss of $54,866. The result was not unexpected and was primarily due to meeting the cost of staff double ups during hand over periods for both positions, a reduction in grant funding from some areas and both a reduction in trading income due to discontinuing our Olympic merchandise sales program and the resulting stock write off of $10,436. Accumulated funds at 31st December 2006 amount to $25,009. I look forward to a busy and prosperous 2007 and in working with all those involved with the QOC and the Olympic movement.

Michael Brierley Executive Director

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Education Commission Report PIERRE DE COUBERTIN AWARDS The 2006 Pierre de Coubertin Awards acknowledged 202 students throughout Queensland for their contributions to the school-sporting calendar. The Awards were launched in four schools crossing metropolitan and regional boundaries of Queensland and again culminated in an Awards presentation ceremony on the 22 June at the Queensland Conservatorium Southbank, Brisbane. A summary of each event is provided below. The Commission is again indebted to Education Queensland and Sport and Recreation Queensland who have contributed financially and in kind to assist with administration for 2006. Brisbane North Education District, Metropolitan Launch - Aspley State High School On Monday 13 March 2006 Bonny Barry MP, Member for Aspley who represented the Minister for Education, Training & the Arts, The Honourable Rod Welford MP, officially launched the 2006 Pierre de Coubertin Awards. Aspley State High School Principal John Schuh hosted the awards and was presented with the first nomination pack for 2006. School Captains Ben Weeks and James White welcomed invited guests and introduced MC Ben Davis from Channel 7. Ben interviewed Athens 2004 Olympic Waterpolo player Toby Jenkins who inspired students with his stories of success. Education Commission Chair and Olympic softballer Kim Cooper outlined the Awards program including a review of the new awards criteria. 1998 Pierre de Coubertin Awards recipient Cameron Munroe spoke to the audience about what it meant for him to receive the prestigious Award. Cameron also informed the audience of his sporting achievements through triathlon since leaving school. Representatives from Government, Education Queensland, Qld Catholic Education Commission, Brisbane City Council, local state high schools and several surrounding primary feeder schools attended the launch. Aspley’s School Concert Band entertained guests with two songs while students from the schools catering department treated guests to morning tea. Sunshine Coast Education District - Beerwah State High School The 2006 Pierre de Coubertin Awards were regionally launched at Beerwah State High School on Tuesday 14 March 2006. Ms Carolyn Male, Member for Glasshouse, represented the Minister for Education, Training & the Arts The Hon Rod Welford MP and presented Beerwah State High School Principal Boyd Jorgenson with the first nomination kit for the Sunshine Coast District. School Captains Evan Bishop and Ann Rigden professionally led the launch with 2003 Pierre Recipient Lisa Smith returning to share the significance of the Award for her and where the awards could lead for the future Kim Cooper provided the audience with an overview of the Awards whilst Torino 2006 Winter Olympic Speed Skater Emily Rosemond related well to the students and shared some of her sporting experiences. To conclude proceedings guests were treated to a wonderful presentation called “Inspire” by the year twelve dance group before invited guests joined Beerwah staff for morning tea which was hosted by the Year 12 Beerwah Hospitality students.

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Townsville Education District - Kirwan State High School The second of the 2006 regional launches was held at Kirwan State High School and hosted by Principal John Livingstone. School Captains Samantha Jones, Kyle Whebell, Chris Davis, and Jason Lynch did a wonderful job as master of ceremonies with 2005 Pierre recipient Lisa Braunberger sharing what it meant for her to receive her Award. Michael Brierley, newly appointed Executive Director of the Queensland Olympic Council outlined the awards and their criteria. Kirwan SHS Sports Captain Rachael Boniface interviewed Olympic Swimmer Julie McDonald about her sporting experiences. Member for Mundingburra Lindy Nelson-Carr represented the Minister for Education, Training & the Arts The Hon Rod Welford MP and presented Principal John Livingstone with the first nomination pack for the Townsville region. To conclude the ceremony the Kirwan State High School vocalists entertained the crowd before guests enjoyed light refreshments. Toowoomba Education District - Harristown State High School The final 2006 Pierre de Coubertin regional launch was held at Harristown State High School in Toowoomba on Thursday 16 March 2006. This launch provided the perfect finale to the launch schedule. Guests were welcomed into the auditorium by the Harristown State High School Stage Band who performed a wonderful rendition of our National Anthem and later concluded the launch with their version of Waltzing Matilda. The band was a highlight of the proceedings. School Leader Braden O’Callaghan did a fantastic job as master of ceremonies. Trevor Beckingham, QOC Board Member and Education Commission representative provided the audience with a thorough explanation of the Pierre de Coubertin Awards criteria. School Leader Lisa Skerman interviewed 2006 Torino Winter Olympian, Speed Skater Lachlan Hay who shared some of his inspiring experiences from the Olympics. Former Harristown State High School student Peter Mysliwy also joined the list of special guests to share his views about the importance of the Pierre de Coubertin Award and how it had influenced his life. Mr Phillip Cook, Executive Director Schools, Toowoomba Region presented the Principal of Harristown State High School, Jeff Hennessey with the first nomination pack for the Toowoomba and Darling Downs region. The highlight of this launch was the unveiling of the Harristown State High School Pierre de Coubertin Honour Board, which listed every recipient to date. This was to be displayed amongst other honour boards in the main auditorium. This was a great initiative and one that we will be encouraging other schools to adopt. 2006 Awards Presentation Ceremony – Queensland Conservatorium Southbank, Brisbane On Thursday 22 June 2006 the Pierre de Coubertin Award Presentation Ceremony was held at the Queensland Conservatorium in Brisbane. This year 143 of the 202 state-wide recipients attended the ceremony and were presented with their certificate and Olympic pin by Mr Phil Reeves, Member for Mansfield representing The Minister for Education, Training & Arts The Hon Rod Welford MP. Students travelled from North Queensland towns of Ingham, Townsville, Cairns, Mackay and surrounding areas to attend. Channel Seven’s Victoria Carthew did an outstanding job as master of ceremonies yet again and entertained students, family and friends with her quick wit and sporting knowledge. Victoria

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interviewed Athens 2004 Olympic cycling Gold Medallist Sara Carrigan who shared her Olympic and post Olympic medal winning experiences with the students. Amy Thompson, a year 12 student from Mathew Flinders Anglican College, recited her poem “The Olympic Inspiration” and Beaudesert State High School year 12 student, Matt Campbell, recited his poem “The Olympic Games”. These literary pieces were selected by a panel as two of the best from a host of essays, poems, short stories, and song lyrics. All work submitted by students, as a condition of nomination, made an impressive display in the foyer. To conclude proceedings Rebecca Lindsay, a 2005 Pierre de Coubertin Award recipient from New South Wales, was presented with the International Olympic Committee (IOC) Sport and Literature Award for her essay “The Journey of Participation”. Rebecca’s essay was selected by the IOC from three of Australia’s best literary pieces in 2005. NORTH QUEENSLAND OLYMPIC EDUCATION FORUM The Queensland Olympic Council with the support of a number of Queensland Olympians gathered in Townsville to commemorate the 50th Anniversary of the Melbourne Olympic Games. A series of events spanning three days was planned incorporating an Olympic Education Forum On Thursday evening 9 November an “Olympic Locker Room” was held in partnership with Sport and Recreation Queensland exploring “The Power of media in sport, and getting local sport into the news”. Attendees heard from Dr Ian Jobling who provided an historical perspective on media and the Olympics. Local Media representatives from Radio 4TO, The Townsville Bulletin and the Seven network provided practical tips and advice for sports administrators, coaches and officials on how to get local sport into the news. An Olympian panel represented by Brian Kerle (Basketball 1972, 1988); Judy Hudson-Luxton (Swimming 1972, 1976) and Selina Scoble (Volleyball 2000) were questioned about their Olympic experiences and their thoughts on increasing the level of media scrutiny and power in relation to sport. CONCLUSION I would like to thank Commission members for their time and valuable contributions to the education program. To our new project coordinator Monica Klysz I extend our heartfelt thanks for her tireless work and attention to detail in supporting the education program. Thank you to Michael Brierley our new Executive Director for his insight and support. To our valuable volunteers and my fellow Olympians who play such varying and important roles in the delivery of education program initiatives I thank you. Strategic planning will be a key feature for the way forward for 2007 and beyond and I again look forward to working with the team during this exciting time. Kim Cooper Chair – Education Commission

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The Olympians Club of Queensland President Judy Hudson -Luxton Treasurer Trevor Beckingham Secretary Georgina Parkes Committee Denise Boyd, Sue Hooper, Carolyn Crudgington, Brian Kerle, and Richard

Powell as President of QOC. The Olympians Club of Queensland held two events during the year for all Olympians’ families and friends. The first event was planned to celebrate International Olympic Day. Thus on the evening of Saturday 24th June, we hosted a very successful get together at the Australian Outback Spectacular Theme Park, located mid-way between Brisbane and the Gold Coast. The evening commenced with complimentary pre-dinner drinks (thanks to Foster’s for beer, wine and soft drinks) and entertainment for all 140 Olympians, their families and friends. We also acknowledged the 10th and 30th Anniversaries of the 1996 Atlanta and 1976 Montreal Olympic Games respectively. Whilst we are not a club to raise monies, we did receive a donation of $1000 towards the 2008 Australian Olympic Team Fund from Warner Village Theme Parks. From all who attended, I believe the feedback was very positive, and thanks to those Olympians who gathered small groups to make our numbers. In fact this has been the first function which I have been associated with where we have had to turn people away due to the limited seats available on that evening. Our second and final function for 2006 was held on the bowling greens for Barefoot Bowls and a BBQ on Sunday afternoon and evening, 19th November 2006. It was a great event attended by 15 Olympians and their friends and families. During the months of June and July, the Olympians Club in conjunction with the Centre for Olympic Studies, University of Queensland, conducted a research project to learn more about Olympians in Queensland and how they would like us to interact with them; what type of services and events they would like to attend; and how they would like to become further involved in the operations of both the QOC and Olympians Club. Invitations were sent to 450 Queensland based Olympians to participate in the research and 14% responded. By completing the questionnaire, all went into a draw for a dozen premium wines (courtesy of Foster’s Group) which was won by Howard Richter (Boxing 1956). Results of this survey were very promising and we appear to be on the right track for Olympians’ needs. A copy of results can be obtained from the QOC if you have an interest. Once again I attended the Olympians Club of Australia’s annual meeting in Sydney, on 19th May 2006, along with the Australian Olympic Committee AGM the following morning. At our meeting we heard from Keiren Perkins, as well as about the events of the World Olympians Association. One of the main discussion points was recognition of Olympians who have given back to the Olympic movement over many years and an appropriate name for such an award – such as “The Julius Patching Medal”. This has yet to be implemented. Each State presented their reports on the year’s functions and activities with Leon Weingard, President of The Olympians Club of Victoria, presenting the events of the 50th Anniversary “Melbourne 1956 Games”. On a sad note we mourned the passing of a great Olympian and Queenslander and regular attendee to all our functions, Richard Stone on the 5th June 2006. Dick represented Australia at both 1956 and 1960 Olympic Games in fencing and will be sadly missed and fondly remembered by all his friends and fellow Olympians. On 29th July 2006 we received the sad news that William ‘Wally’ Paterson had passed away. Wally represented Australia in Wrestling at the 1956 Melbourne Olympic Games. In December, we also were very saddened by the passing of an Olympic Gold medalist (1964,200m Butterfly), Kevin Berry OAM (1956 and 1960 Olympic Swim Team), and whilst from NSW, Kevin spent a lot of his latter days on the Gold Coast prior to returning home to Sydney prior to his passing at age 61. He was inducted into the International Swimming Hall of Fame in 1980. Kevin attended our functions from late 2005 and found comradeship, support and many fond memories when meeting up with other Olympians and friends.

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The functions, meetings and surveys would not have gone so smoothly if it was not for the assistance and obliging nature of Michael Brierley, Executive Director, QOC, and his initial Operations Manager, Milly Wagstaff and currently Monica Klysz. Thank you very much for all your support and continued ideas for our Club. Lastly, I would like to thank all the members of our executive committee for their time, ideas and support throughout 2006 and I trust they will enjoy the coming year ahead. Judy Hudson - Luxton President

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Controlling Bodies ARCHERY ARCHERY Archery Queensland (Northern Queensland) Ltd 3 Baronia Close

Archery Queensland (Southern Queensland) Ltd

Rockhampton Qld 4701 166 Armstrong Creek Road Email: nqarchery@itexpress.com.au Samsonvale Qld 4520

Email: hagaman@bigpond.com ATHLETICS BADMINTON Queensland Athletics Association Queensland Badminton Association Inc PO Box 249 PO Box 4064 Sunnybank Qld 4109 Email: qldathletics@bigpond.com

Gumdale Qld 4154 Email: secretary@qba.net.au

BASEBALL BASKETBALL Baseball Queensland Inc Basketball Queensland PO Box 124 PO Box 1281 Spring Hill Qld 4004 Email: bheiler@baseballqld.asn.au

Milton Qld 4064 Email: graham.burns@basketballqld.net.au

BOXING CANOEING Boxing Queensland Inc Queensland Canoeing Inc PO Box 848 PO Box 79 Beenleigh Qld 4207 Email: ann@jonkers.com.au

Sherwood Qld 4075 Email: qld@canoe.org.au

CYCLING EQUESTRIAN Queensland Cyclists Association Inc PO Box 4115

The Equestrian Federation of Aust. (Qld Branch) Inc

Gumdale Qld 4154 PO Box 1358 Email: wendy.sanders@cycling.org.au Coorparoo DC Qld 4151

Email: efaq@efaq.com.au FENCING FOOTBALL Queensland Amateur Fencing Association Inc Football Queensland Ltd PO Box 4101 PO Box 748 St Lucia South QLD 4067 Email: info@qafa.org.au

Sunnybank Qld 4109 Email: dkay@qldsoccer.com.au

GYMNASTICS HOCKEY Queensland Gymnastics Association Inc Hockey Queensland Inc 866 Main Street PO Box 246 Woolloongabba Qld 4102 Email: accountsmanager@gymqld.org.au

Morningside Qld 4170 Email: gwest.bail@hockeyqld.com.au

ICE HOCKEY ICE RACING Ice Hockey Queensland Queensland Ice Racing Association Inc PO Box 73 1 Millbend Crescent Cleveland Qld 4163 Email: consuitmaslen@bigpond.com

Algester Qld 4115 Email: crya2157@bigpond.net.au

ICE SKATING JUDO Ice Skating Association of Queensland Judo Federation of Australia (Queensland) Ltd PO Box 82 6 Rex Street Archerfield Qld 4108 Email: administrator@isaq.org.au

Aspley Qld 4034 Email: jfaq@geocities.com

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Controlling Bodies (Continued) ROWING SAILING Rowing Queensland Inc Yachting Queensland PO Box 575 PO Box 5462 South Brisbane Qld 4101 Email: gregh@rowingqld.asn.au

Manly Qld 4179 Email: office@qldyachting.org.au

SHOOTING SOFTBALL Queensland Shooting Association Queensland Softball Association Inc PO Box 4133 C/- Sports House South, 1/866 Main St Gumdale Qld 4154 Email: aara@bigpond.com

Woolloongabba Qld 4102 Email: admin@softballqld.asn.au

SWIMMING TABLE TENNIS Queensland Swimming Association Inc. Table Tennis Queensland Inc PO Box 1279 1-14 Sports House Capalaba Business Centre Qld 4157 Cnr Castlemaine & Caxton Sts Email: admin.qld@swimming.org.au Milton Qld 4064

Email: admin@tabletennisqld.org TAEKWONDO TEAM HANDBALL Taekwondo Queensland Team Handball Association Inc PO Box 2432 PO Box 267 Chermside Centre Qld 4032 Email: tkdqld@bigpond.com

Ferny Hills DC Qld 4055 Email: Stephen.g.harbort@mainroads.qld.gov.au

TENNIS TRIATHLON Tennis Queensland Triathlon Queensland Inc PO Box 1145 2-14 Sports House Milton Qld 4064 Cnr Castlemaine & Caxton Sts Email: sayles@tennisqueensland.com.au Milton Qld 4064

Email: admin@triathlonqld.com.au VOLLEYBALL WATER POLO Queensland Volleyball Association Inc Water Polo Queensland 2.12 Sports House 2.13 Sports House Cnr Castlemaine & Caxton Sts Cnr Castlemaine and Caxton Streets Milton Qld 4064 Email: gm@qva.org.au

Milton Qld 4064 Email: info@waterpoloqld.com.au

WEIGHTLIFTING WRESTLING Queensland Weightlifting Association Inc Queensland Amateur Wrestling Association Inc PO Box 1056 487 Rochedale Road Capalaba Qld 4157 Email: qwa@powerup.com.au

Rochedale Qld 4123 Email: jsnijjar@hotmail.com

Associate Bodies AUSTRALIAN SPORTS MEDICINE SURF LIFESAVING Sports Medicine Australia (Queensland) Surf Life Saving Queensland - Surf Sports PO Box 6240 PO Box 3747 St Lucia Qld 4067 Email: mark@sportsmedicine.com.au

South Brisbane Qld 4101 Email: surfsport@lifesaving.com.au

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QUEENSLAND OLYMPIC COUNCIL LIMITED DIRECTORS' REPORT The directors submit their report for the year ended 31 December 2006. DIRECTORS The names and details of the directors of the company in office at the date of this report are: Name Qualifications Experience Responsibility R. Powell BA, MBA, MAICD Management President P.R. Ebert Management Vice-President T. Beckingham B.Bus(Acc), FCPA Company Director Vice-President FinanceJ. Hudson-Luxton BHMS, Grad

Dip.T Management Director

M. Wenden B Comm Management Director J. Cheales BE, MBA, FIEAust Management Director N. Pensko B.App.Sci-HM,

Grad Dip. Mgnt, MBA

Management Director

G. West-Bail B.Bus (Trans Econ)

Management Director

PRINCIPAL ACTIVITIES The principal activity of the company during the course of the financial year was the promotion of the Olympic Movement in Queensland. RESULTS AND DIVIDENDS The net amount of the operating profit/(loss) after income tax of the company for the year ended 31 December 2006 was $(54,866) (2005: $22,703). The Memorandum of Association provides that no dividend shall be paid or transferred directly or indirectly to members. As such, no dividend has been paid since the commencement of the financial year and the directors do not recommend the declaration or payment of a dividend in this report. EVENTS SUBSEQUENT TO BALANCE DATE There has not arisen in the interval between the end of the financial period and the date of this report any item, transaction or event of a material or unusual nature likely, in the opinion of the directors, to substantially affect the operations of the company, the result of those operations or the state of affairs of the company in subsequent financial periods.

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QUEENSLAND OLYMPIC COUNCIL LIMITED DIRECTORS' REPORT (Cont'd) REVIEW OF OPERATIONS During the year under review the Queensland Olympic Council Limited has continued to expand its operation and consolidate its base in preparation for the fundraising activities of the coming year. The Queensland Government through the Office of Sport and Recreation and Education Queensland and the Australian Olympic Committee Inc. have continued to financially assist the Queensland Olympic Council Limited with contributions towards the administrative expenses of the company. SIGNIFICANT CHANGES IN STATE OF AFFAIRS There have not been any significant changes in the state of affairs of the company in the current period. LIKELY DEVELOPMENTS It is anticipated that the company will continue to operate in accordance with its objectives and that there will be no significant changes to the operations of the company. DIRECTORS MEETINGS During the period five directors’ meetings were held. The company does not have an audit committee due to limited scale of its current trading activities. DIRECTORS' BENEFIT During or since the financial year, no director of the company has received or become entitled to receive a benefit, other than a benefit included in the aggregate amount of emoluments received or due and receivable by directors shown in the notes to the accounts, by reason of a contract entered into by the company or a body corporate that was related to the company when the contract was made or when the director received or became entitled to receive, the benefit with • a director, or • a firm of which the director is a member, or • an entity which the director has a substantial financial interest. Signed in accordance with a resolution of the directors. Director Director

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QUEENSLAND OLYMPIC COUNCIL LIMITED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2006 Note 2006 2005 REVENUES

3

209,700

365,296 EXPENSES

3

264,566

342,593 (LOSS)/PROFIT BEFORE INCOME TAX (54,866) 22,703 INCOME TAX EXPENSE NET (LOSS)/PROFIT (54,866) 22,703

The income statement should be read in conjunction with the accompanying notes

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QUEENSLAND OLYMPIC COUNCIL LIMITED

BALANCE SHEET AS AT 31 DECEMBER 2006 Note 2006 2005 CURRENT ASSETS Cash and cash equivalents 500 500 Trade and other receivables 4 733 37,969 Inventories 5 - 10,436 TOTAL CURRENT ASSETS 1,233 48,905 NON-CURRENT ASSETS Property, Plant and Equipment 6 24,650 30,971 TOTAL NON-CURRENT ASSETS 24,650 30,971 TOTAL ASSETS 25,884 79,876 CURRENT LIABILITIES Trade and other payables 7 875 - TOTAL CURRENT LIABILITIES 875 - TOTAL LIABILITIES 875 - NET ASSETS 25,009 79,876 EQUITY Accumulated Funds 25,009 79,876 TOTAL EQUITY 25,009 79,876

The balance sheet should be read in conjunction with the accompanying notes

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QUEENSLAND OLYMPIC COUNCIL LTD STATEMENT OF CASHFLOWS AS AT 31 DECEMBER 2006 Note 2006 2005 $ $ CASH FLOWS FROM OPERATING ACTIVITIES NET CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES

7 - -

CASH FLOWS FROM INVESTING ACTIVITIES - - NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS

- -

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

- -

CASH AND CASH EQUIVALENTS AT END OF YEAR

- -

The statement of cashflows should be read in conjunction with the accompanying notes

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QUEENSLAND OLYMPIC COUNCIL LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2006 Note 2006 2005 $ $ TOTAL EQUITY AT THE BEGINNING OF THE YEAR

79,876 57,173

(LOSS)/PROFIT FOR THE YEAR (54,866) 22,703 TOTAL EQUITY AT THE END OF THE YEAR 25,010 79,876 The statement of changes in equity should be read in conjunction with the accompanying notes

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QUEENSLAND OLYMPIC COUNCIL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 1. CORPORATE INFORMATION The financial report of the Queensland Olympic Council Limited (QOCL) for the year ended 31 December 2006 was authorised for issue in accordance with a resolution of the Directors on 28 March 2007. The QOCL is a company limited by guarantee incorporated in Australia. The principal place of business is 82C Merivale Street, South Brisbane Queensland 4101. The nature of the operations and principal activities of the Council are described in note 9. 2. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The significant policies which have been adopted in the preparation of these financial statements are: (a) Basis of accounting This special purpose financial report has been prepared for distribution to the members to fulfil the Directors’ financial reporting requirements under the Corporations Act of 2001 and the constitution. The accounting policies used in the preparation of this financial report, as described below, are consistent with the financial reporting requirements of the Companies Act, 2001 and the Company’s constitution, and are, in the opinion of the Board, appropriate to meet the needs of members:

i) The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. They do not take into account changing fair values, except where stated.

ii) The requirements of Accounting Standards and other financial reporting requirements in Australia do not have mandatory applicability to the Queensland Olympic Council Limited because the Board has determined the Company is not a “reporting entity”. The Executive Board has, however, prepared the financial report in accordance with all Accounting Standards and other mandatory financial reporting requirements in Australia with the following exceptions:

AASB 132: Financial Instruments: Disclosures and Presentation AASB 137: Provision, Contingent Liabilities and Contingent Assets; and AASB 139: Financial Instruments: Recognition and Measurement.

iii) The financial report is prepared in Australian dollars.

(b) Statement of compliance The financial report complies with Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standard ('AIFRS'). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards ('IFRS').

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Certain Australian Accounting Standards have been recently issued or amended but are not yet effective. These standards have not been adopted by the QOCL for the annual reporting period ended 31 December 2006. The QOCL have yet to finalise their assessment of the impact of these new or amended standards on the organisation. (c) Income and Expenditure Recognition Income, with the exception of fundraising, has been brought to account on an accrual basis and if not received at balance date is reflected in the Balance Sheet as a receivable. Expenses have been brought to account as incurred and any expenses incurred but not paid for at balance date are reflected in the Statement of Financial Position as creditors. (d) Fundraising The QOCL raises funds on behalf of the Australian Olympic Committee Inc. At 31 December 2006, the QOCL had raised $189,974 (2005: ($169)) towards the 2005-2008 Olympic Team Appeal. (e) Income Tax The QOCL is exempt from Australian income tax. (f) Property, Plant and Equipment Acquisition Items of property, plant and equipment are recorded at cost or, in the case of donations and sponsorship contributions in kind, at fair value at the time of the donation or contribution, less accumulated depreciation and any impairment in value. Depreciation and amortisation Items of plant and equipment are depreciated on a straight line basis over their estimated useful lives ranging from 3 to 15 years from the date of acquisition. Impairment The carrying values of plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash-generating unit to which the asset belongs. If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets or cash-generating units are written down to their recoverable amount. The recoverable amount of plant and equipment is the greater of fair value less costs to sell and value in use. Value in use is the depreciated replacement cost of an asset when the future economic benefits of the asset are not primarily dependent on the asset’s ability to generate net cash inflows and where the Committee would, if deprived of the asset, replace its remaining future economic benefits. Impairment losses are recognised in the income statement. (g) Cash and cash equivalents The QOCL raises funds on behalf of the Australian Olympic Committee Inc. (‘AOC’). As of 1 January 1998, all of the funds raised by the QOCL are recorded directly in the financial statements of the AOC. QOCL does not have a bank account and therefore does not have a cash flow. For

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administrative purposes all cash transactions are processed by the AOC and the net cash position is reflected in a net receivable account at year end (Refer Note 4). (h) Share Capital The QOCL is incorporated as a company Limited by Guarantee without share capital. The liability of the members is limited to an amount not exceeding twenty five dollars, in the event of the winding up of the company. (i) Inventories Inventories are valued at the lower of cost and net realisable value. Costs incurred in bringing each product to its present location and condition are accounted for as finished goods – cost of direct materials Net realisable value is the estimate selling price in ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. (j) Government Grants

Government grants are recognised at their fair value where there is a reasonable assurance that the grant will be received and all attaching conditions will be complied with.

When the grant relates to an expense item, it is recognised as income over the periods necessary to match the grant on a systematic basis to the costs that it is intended to compensate. Where the grant relates to an asset, the fair value is credited to a deferred income account and is released to the income statement over the expected useful life of the relevant asset by equal annual instalments.

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QUEENSLAND OLYMPIC COUNCIL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 2006 2005

3. REVENUE AND EXPENSES Revenue: (a) Crediting the following:

QLD Government Grant 146,057 151,856AOC Administration Grant 55,000 75,000Grants - Other 9,500 20,281Child Obesity Program (8,545) 107,800Merchandise 136 6,823Other 5,143 77Donations - 1,050Affiliation Fees 2,409 2,409

TOTAL REVENUE 209,700 365,296 (b) Expenses:

Salaries & wages 180,039 164,790Child Obesity Program - 107,759Operating expenses 12,087 15,569Administration expenses (Rent/Legal) 31,077 27,983Financial Costs 377 294Travel 8,433 4,507Promotions/presentations 15,796 14,381Merchandise 10,436 (355)Depreciation 6,321 6,936Loss on Sale - 726

TOTAL EXPENSES 264,566 342,593 (LOSS)/PROFIT BEFORE INCOME TAX (54,866)

22,703

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QUEENSLAND OLYMPIC COUNCIL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 2006 2005 4. TRADE AND OTHER RECEIVALBES Receivable from Australian Olympic Committee Inc. representing cash held on behalf of QOCL.

733

37,969

5. INVENTORIES Stock on Hand - 10,436 All inventories were written off during the year. 6. PROPERTY, PLANT AND EQUIPMENT Plant and equipment At Cost 48,005 8,005 Provision for depreciation (23,355) (17,034) 24,650 30,971 7. TRADE AND OTHER ACCURALS Accruals 874 - 8. SEGMENT INFORMATION The QOCL acts to develop and protect the Olympic movement in the State of Queensland in accordance with the Olympic Charter and the Constitution of the Australian Olympic Committee Inc. and to actively promote the fundamental principles of Olympism within the framework of sports. The company operates wholly within Australia.

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QUEENSLAND OLYMPIC COUNCIL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 9. RELATED PARTY DISCLOSURES (a) The directors of QOCL during the financial year were: Richard Thornton Powell Paul Raymond Ebert Trevor Ian Beckingham Judith Helen Hudson Luxton Michael Vincent Wenden Jeff Cheales Nicole Pensko Garry West-Bail (b) Ultimate controlling Entity: QOCL does not have an ultimate controlling entity. (c) Commitments

The estimated maximum amount of commitments for expenditure not provided for in the accounts as at balance date was:

a. Operating lease commitments for rental of premises.

2006 2005 Due no later than one year: 26,250 25,000 Later than one year and not later than two years: - 26,250 Aggregate lease expenditure contracted for at balance date: 26,250 56,250

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QUEENSLAND OLYMPIC COUNCIL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 10. KEY MANAGEMENT PERSONNEL

Compensation of Key Management Personnel relate to the following categories only:

2006 2005

Short-term employee benefits 126,515 101,238Post-employment benefits 11,386 9,111 137,901 110,349

Apart from the Executive Director, Members of the Executive Board serve on an honorary basis for no remuneration. 11. AUDITORS’ REMUNERATION Costs for the audit of the company are borne by the Australian Olympic Committee Inc. 12. FINANCIAL INSTRUMENTS (a) Terms, conditions and accounting policies The QOCL’s accounting policies, including terms and conditions of each class of financial

asset, financial liability and equity instrument, both recognised and unrecognised at the balance date, are as follows:

Accounts Receivables - carried at the nominal amount, is interest free and has no set

repayment terms. (b) Interest rate risk The QOCL has minimal exposure to interest rate risk in relation to the recognised financial

assets and financial liabilities at balance date. (c) Fair values All QOCL financial instruments are carried at fair value. (d) Credit risk exposure The QOCL has no credit risk exposure as there are no trade debtors at balance date.

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QUEENSLAND OLYMPIC COUNCIL LIMITED DIRECTORS’ DECLARATION In accordance with a resolution of the directors of Queensland Olympic Council Limited, we state that-

1. In the opinion of the directors -

a. the financial statements and notes of the company are in accordance with the Corporations Act 2001, including:

i. giving a true and fair view of the company’s financial position as at

31 December 2006 and its performance for the year ended on that date; and

ii. complying with Australian Accounting Standards and Corporations Regulations as detailed in note 2; and

b. there are reasonable grounds to believe that the company will be able to

pay its debts as and when they become due and payable. On behalf of the Board

Director

Director Brisbane Date: 8th March 2007

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33

34

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QUEENSLAND OLYMPIC COUNCIL INC. STATEMENT OF FUNDRAISING FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 DECEMBER 2006 2006 2005 $ $ Accumulated Surplus of Fundraising 169 - INCOME 50th Anniversary 39,764 - Golf Days 113,055 - Local Government 13,668 - General Fundraising 116,055 409 282,542 409 EXPENDITURE CUB Sportsman’s Luncheon 6,814 - 50th Anniversary 14,547 - Golf Days 44,079 - Gold Coast Dinner 3,657 - Inner Circle 10,845 - Premiers Dinner 5,838 - Conference Raffle 727 - Local Government 3,102 - General Fundraising 3,126 240 92,735 240 Surplus/(Deficit) carried for the year 189,805 169 Fundraising Quad to date 189,974 169