Business Events Perth 2023 Annual Report by BusinessEventsPerth

B USINESS EVENTS PER T H ANNUAL REPORT 202 3

ACKNOWLEDGMENT OF COUNTRY B u s in e s s

E v e nt s

P e rt h

re s p e c tfully

a c k nowledges

Ab o r ig ina l p e o p l e s a s t he Tra d i tio na l C us to dia ns o f We s t e r n A us t ra l i a a nd p a y o ur re s pec ts to Elder s pa s t

an d p re s e nt . We c e l e b ra t e t he d iver s ity o f A bo r igina l

We s t e r n A us t ra l i a ns a nd ho no ur their c o ntinuing c o n n e c t i o n t o C o unt ry, c ul t ure a n d c o mmunity.

CARRARANG

CONTENTS 1.0

OVERVIEW 1 .1 M e s s a g e from B u s i n e s s E ve nt s P e r t h C h a ir

2.0

3.0

DISCLOSURE AND LEGAL COMPLIANCE

3. 1 D ire ctor ’s Re p or t 29

1 .2 Exe cu ti v e O v e r v i ew 06

3. 3 B o ard of Di rector s 32

ORGANISATION PERFORMANCE

3. 4 Au d i tor ’s I n d ep e n d e n ce De cl arati on

2 .1 R e p or t on O p e ra ti on s 11

3. 5 F inan ci al State men ts 38

2 .2 K ey Pe r for m a n ce I n d i ca to r s 15

4.0

ACKNOWLEDGMENTS

2 .3 M e m b e r Pa r tn e r s 18

4. 1 Ma j or Stakeh ol d e r s an d M aj or Par tn e r s

2 .5 H i g h l i g h ts 2 0 2 2 - 2 3 19

4. 2 20 22 - 23 Pl ati n u m M emb e r s

1.0 OVE RVI E W

PLATINUM MEMBERS FUNCTION 2022, OPTUS STADIUM

01 01

1.0 OVERVIEW 1.1

M ESS AG E FROM T HE C HA I R

Th is ye ar, B u s i ne s s E v e nt s P e rt h wa s pro ud

its a c tivity in 2022-23, with a k ey fo c us on

generating

to g e t h e r t o m e e t , c o nne c t a nd c o l l a b o ra te

to identify, a ttra c t a nd s ec ure high value

business developm ent, high value client

to re c o g n ise 5 0 y e a rs o f b ri ng i ng p eo ple th ro u g h b u sine s s t o uri s m a nd ev e nt s . On

b e h a lf

G ove r n me n t

P e rt h,

We s t e rn

t ha nk

A us t ra l i a ,

the

P re mie r, t h e H o no ura b l e R o g e r C o o k ML A a nd

D e p u t y P re mi e r a nd Mi ni s t e r f o r To ur is m,

th e H o n o u rabl e Ri t a S a f f i o t i MLA , f o r their re c o g n it io n o f t he ro l e B E P e rt h p l a y s in at t rac t in g

high

v a l ue

b us i ne s s

t o ur is m

an d eve n t s to WA . We a l s o a c knowl edge fo r me r P re mie r Ma rk Mc G owa n f o r hi s lo ngst a n d in g su p p o rt .

Wit h s t ro n g s up p o rt f ro m To uri s m We s ter n Au st ra lia

and

v a l ue d

c o l l a b o ra t i o n

fro m

M a jo r P a r t n e rs , C rown P e rt h a nd P C EC ,

an d M e mb e r P a rt ne rs , B E P e rt h a m p lified

c o nnec ting in-per s o n k ey dec is io n-ma kers bus ines s events fo r the S ta te.

Thro ugh BE P er th’s pa r tic ipa tio n a t key indus tr y

a c tiva tio ns ,

tra des hows we

were

a nd

a ble

c o nference s howcase

Wes ter n A us tra lia . Qua lified s ite ins pec tions a nd la rger fa milia r is a tio n pro gra ms were key

increased

business

event

outcom es through targeted expansion of engagem ent

and

new

strategic

project

initiatives. With the launch of Tourism WA’s new global brand “ Walking on a Dream”, BE

Perth prioritised strong alignm ent across all

our m arketing and business developm ent activities.

to rec o nnec tio ns with c lients a nd extending

c o nferenc es , expo s , c o r po ra te meetings, or

Tourism WA’s Board, led by Chair Di Bain

a wa r m invita tio n to ho s t future a s s o c ia tion tra vel inc entives in WA . BE

P er th’s

under pinned

pro a c tive

thro ugh

a ppro a c h new

w as

fo ur -year

a greement with To ur is m WA . This a greem ent

provides the es s entia l res o urc es to deliver

the BE P er th Bo a rd’s s tra tegic fo c us on

acknow ledge

Stakeholder,

Tourism

Perth’s

WA,

Major

particularly

and also the CEO R ebecca Brow n and MD

Carolyn Turnbull for their extensive support

and collaboration w ith BE Perth throughout the year. Major

Stakeholder,

the

City

Perth,

provides valued support and w e thank Lord

1.0 OVE RVI E W

M a yo r B as il Z e m p i l a s a nd C hi e f E xe cutive

F ina lly, to C EO Ga reth Ma r tin a nd his team

te r m re la t io n s hi p wi t h t he C i t y o f Per th

s ta ff, a big Tha nk Yo u fro m a ll o f us fo r your

O ffic e r M ic h e l l e Rey no l d s . B E P e rt h’s lo ngw a s re in fo rc e d t hro ug h o ur new t hre e -y ea r

sp o n so r sh ip a g re e m e nt whi c h c o m m e nc ed in 2 0 2 2 - 2 3 .

M y p e r so n al t ha nks t o t he C ha i r o f the F in an c e ,

Au di t ,

Risk

a nd

Me m b e r s hip

Co mmit t e e , I a n G a y f o r hi s c o nt ri b ut i o n a nd

th e ex t e n s ive c o rp o ra t e knowl e d g e I a n ha s

highly

pro fes s io na l

the indus tr y.

A s a united a nd c lea r ly fo c us s ed industry

we c o ntinue to ma k e P er th a nd Wes tern A us tra lia a premium a nd unique wo r ld class des tina tio n fo r bus ines s events .

d e d ic a t io n a nd c o m m i t m e nt .

We are a ls o g ra t e f ul t o c urre nt a nd pa s t th e ir ex p e r t is e a nd t i m e .

exper ienced

innova tio n, ha rd wo r k , a nd c o mmitment to

b ro u g h t t o t h e B o a rd f o r ov e r 2 0 y e a r s o f

B o ard D ire c t o rs f o r g e ne ro us l y v o l unt e er ing

a nd

B RAD L E Y WO O D S C h a ir

1.0 OV ERV I EW

2023 BRINGING DOWERIN DOWNTOWN LUNCH, CROWN PERTH

1.0 OVE RVI E W

03 1 05

RE-AWAKEN FAMIL 2023 EVENING FUNCTION, CROWN PERTH

1.0 OV ERV I EW

1 . 2 EXE CUTIV E OV E RVI EW Funded

A us t ra lia n

I gra tefully a c k nowledge the c o ns iderable

collectively the first Australian convention

Au st ra lia (To u ri s m WA ) , t he C i t y o f P er th

fro m the Gover nment o f Wes ter n A us tralia,

to undertake an in-m arket roadshow into

G ove r n me n t

t he

We s t e rn

t hro ug h

To uri s m

We s ter n

an d o u r M e m b e r P a rt ne rs a c ro s s t he Sta te, B u s in e ss Eve n t s P e rt h ( B E P e rt h) ha s been se c u r in g lu c ra t i v e c o nf e re nc e s , m e e tings

an d in c e n t ive g ro up s a t t ra c t i ng i nt e rna tio na l

an d n at io n a l b us i ne s s t ra v e l l e rs t o We s ter n

o ngo ing s uppo r t a nd inc rea s ed inves tment

thro ugh To ur is m WA fo r BE P er th to s ecure high va lue bus ines s events fo r Wes tern A us tra lia , whic h provide s ignific a nt return o n inves tment.

Au st ra lia fo r ov e r 5 0 y e a rs .

This y ea r s a w renewed a nd a c c elerated

B u s in e ss Eve nt s c o nne c t p e o p l e t o g e t he r fo r

s tra tegic fo c us fro m BE P er th to rec o nnect

th e s h a r in g o f knowl e d g e a nd i nnov atio n.

Th ey s u p p o r t e c o no m i c d ev e l o p m e nt , tra de an d

in ve st m e nt

o p p o rt uni t i e s

a nd

the

ad van c e me n t o f a n e d uc a t e d , p ro s p e ro us so c ie t y. Th e s e s i g ni f i c a nt l e g a c i e s c o nt r ibute fur t h e r valu e t o t he i ni t i a l d i re c t t o u r is m ex p e n d it u re o f a b us i ne s s ev e nt .

bus ines s

develo pment

a c tivity,

w ith

bureau

and

state

tourism

organisation

southeast Asia after international borders opened. The ‘R econnect WA R oadshow ’ in July 2022 included 26 industry operators

from Western Australia visiting Singapore and

Malaysia

for

m ore

than

100

key

joined

the

m eetings across the business event and leisure sectors.

with c lients a nd s ta k eho lder s fro m do me stic

Also

a s growth within the o rga nis a tio n a c ross

Innovation’s ( JTSI) Invest and Trade WA

a nd inter na tio na l ma r k ets in-per s o n, a s w ell S tra tegic P ro jec ts a nd C lient Enga gemen t.

With the ea s ing o f COV I D -19 res tr ic tions

glo ba lly, BE P er th a nd To ur is m WA were

July

2022

Perth

Departm ent of Jobs, Tourism , Science and

India Mission, Western Australia’s largest ever

business

delegation

India,

undertake valuable m eetings w ith corporate

and incentive clients, airlines and industry

1.0 OVE RVI E W

alo n g s id e To uri s m WA a nd a l a rg e c o nt i ngent

indus tr y s ta nd pa r tner s , a c o mbined 340

industry

event

ind u s t r y

over the 2-da y tra des how. I n a ddition,

Mem ber

Partners

WAITOC

and

We s t e r n

A us t ra l i a n

G ov e rnm e nt

re p re s e nt a t i v e s .

I nd i a

a nd

pre-s c heduled a ppo intments were held

e me rg in g Co r p o ra t e a nd I nc e nt i v e m a r k et fo r

We st e r n

A us t ra l i a ,

whi c h

wo ul d

i nc re a s e d

a c t i v i ty

BE P er th c o -ho s ted a c lient function

fo c u s

re c o n n e c t w ith c l i e nt s a nd s t a ke ho l d e r s in-

a nd c o r po ra te c lients . •

p e r s o n , t h e f o l l owi ng c l i e nt e ng a g e ment ac t ivit ie s w e re und e rt a ke n t o g e ne ra t e new

p re s e nc e

t he

the

a nd

ta ilo red

fa mil

held

qua lified a nd

March

pa r tic ipants

inter na tional

c o r po ra tio ns ,

des tina tio n

s howc a s ed

over

w ith

pro gram s, 50

local

a t over $105millio n in direc t delegate

in d u s t r y i n t he A s i a P a c i f i c re g i o n , the

na tio na l

wa s

bus ines s o ppo r tunities fo r WA va l ued

t ra d e eve n t f o r t he m e e t i ng s a nd event

Ev en t ( A I M E ) 2 0 2 3 . A c ro s s o ur 2 0 WA

expenditure. •

P er th’s

ina ugura l

Meet

Organisations,

held

w ith

connect

industry.

participated,

along

WA’s

w ith

R egional

pop-up

Tourism booths

and industry presentations to over 60

mega

indus tr y s upplier s a nd genera ted new

l e a ding

A s ia Pa ci f i c I nc e nt i ve s a nd M e e t ings

fo r

three

B E P e r t h c o - o rd i na t e d i t s l a rg e s t ever WA’

2023,

re-a WA k en

fa milia r is a tio n

a s s o c ia tio ns

te r m b u s in e ss :

‘ Te am

P er th’s

fro m

b u s in e ss o p p o rt uni t i e s a nd c o nv e rt nea r

•

w as

convenors

w ith representation from Tourism WA,

dur ing A I ME fo r over 100 a s s o c ia tion

st re n g t h e n e d by i nc re a s e d a v i a t i o n a c c es s . Wit h

local

m eeting planners. In

the

secured

2022-23 248

financial

national

year

and

Perth

international

business events, set to occur in Western Australia out to 2026 and boosting the

State’s econom y by m ore than $320.4m illion

in direct delegate expenditure (DDE). These business events represent 78,517 delegates

and 262,942 hotel room nights. In addition, BE Perth had 110 bids pending a destination

decision for future business for WA, up from 37 pending bids in 2018-19.

1.0 OV ERV I EW

I a m d e lig h t e d B E P e rt h exc e e d e d i t s 2022-

however, in 2022-23 bid timefra mes h ave

d ire c t d e le g a t e ex p e nd i t ure f o r t he S ta te

in a dva nc e. I mproved flight a c c es s , c a pacity

k ey

p e r fo rm a nc e

i nd i c a t o r

t a rg e t

an d lo o k fo r wa rd t o c o nt i nui ng t o a mplify o u r fo c u s e d a c t i v i t i e s t o t a rg e t b us ines s

eve n t o p p o r tuni t i e s whi c h a l i g n wi t h the

G ove r n me n t o f We s t e rn A us t ra l i a’s F uture

St a t e : Ac c e le ra t i ng D i v e rs i f y WA key i ndus tr y se c t o r s.

Wit h a p o sit iv e g rowt h i n b i d d ev e l o pment ac t ivit y,

in c re a s e d

p e nd i ng

bids

a ls o

re fle c t s a c h a l l e ng i ng m a rke t e nv i ro nment

w it h s ig n ific a nt d o m e s t i c a nd i nt e rna tio na l c o mp e t it io n ; a s we l l a s a n ex t e ns i o n in d e st in a t io n

decision

m a ki ng

t i m e f rames .

In 2 0 1 8 - 1 9 B E P e rt h wa s l a rg e l y b i dding

o n eve n t s u p t o t hre e y e a rs i n a d va nc e

extended o ut to 2030, repres enting 8 y ears

a nd lower c o s ts will a s s is t in ens u ring Wes ter n A us tra lia is c o mpetitive a gainst do mes tic a nd inter na tio na l c o mpetitio n . I

wo uld

a ls o

lik e

tha nk

o ur

M ajor

S ta k eho lder C ity o f P er th fo r its c o ntinued enga gement to s uppo r t BE P er th’s a c tivi ties

to s ec ure high pro file bus ines s events . To all o f o ur Member P a r tner s , tha nk y o u fo r your muc h va lued s uppo r t a nd c o mmitment and

I lo o k fo r wa rd to o ur c o ntinued pa r tner ship fo r a pro s pero us future fo r the bus iness events wo uld Ma jo r

indus tr y

lik e

P a r tner s

Wes ter n

a c k nowledge C rown

P er th

A us tra lia. BE

a nd

P erth’s

P erth

IEBF 2022, CROWN PERTH

1.0 OVE RVI E W

Co n ve n t io n a nd E x hi b i t i o n C e nt re f o r their

dedic a tio n,

an d c o lla b o ra t i o n t hro ug ho ut t he y e a r.

a nd the s ha red s uc c es s tha t it deliver s to

sig n ific an t in d us t ry f i na nc i a l c o nt ri b utio n

In c lo s in g , I w o ul d l i ke t o p e rs o na l l y tha nk

innova tio n

the indus tr y in Wes ter n A us tra lia .

B ra d ley Wo o ds , f o r t he i r m uc h- v a l ue d time an d e n g ag e me nt d ri v i ng B E P e rt h’s s t ra tegic to

s up p o rt

b us i ne s s

events

g row t h fo r We s t e rn A us t ra l i a . T ha nk y o u to Ch a ir B ra d l ey Wo o d s f o r hi s l e a d e r s hip,

c o mmit me n t a nd c o l l a b o ra t i v e e ng a g e ment

w it h t h e G ove rnm e nt o f We s t e rn A us t ra lia n an d

To u r is m

fun d in g fo r B E P e rt h.

g e ne ra t i ng

i nc re a s ed

To t h e B E P e rt h t e a m , t ha nk y o u f o r y o ur

ha rd

work,

deliver ing a high s ta nda rd in a ll tha t we do

B E P e r t h’s B o a rd o f D i re c t o rs l e d by Cha ir

d ire c t io n

a nd

G ARE TH M ARTI N

C hief Exec utive Offic er

1.0 OV ERV I EW

ELIZABETH QUAY

2.0 ORGANISATION PERFORMANCE 2 . 1 R EP ORT ON OPE RA T I ON S B u s in e ss eve nt s - c o nf e re nc e s , m e e tings ,

ex h ib it io n s , tra d e s hows a nd c o rp o ra t e a nd

inc e n t ive (C& I ) g ro up s - a re a key s ec to r

fo r Wes ter n A us tra lia .

o f t h e t o u r is m e c o no m y a s we l l a s the

The Business Dev elopment tea m inc ludes

sig n ific an t

inc entive bus ines s develo pment ma na gers,

k n ow le d g e a nd t ra d e e c o no m y a nd g e nera te B u s in e ss

y e a r- ro und

eve nt s

e c o no m i c

d i re c t l y

o u tput.

s up p o rt

lo c a l

jo b s ac ro s s We s t e rn A us t ra l i a’s s m a l l a nd

la rg e b u s in e s s e s a c ro s s a b ro a d i ndus tr y e c o syst e m o f v e nue s , s up p l i e rs , o rg a ni s er s , re t a il, th e

t rave l

b u sin e s s

as so c iat io n s

g ove r n me n t .

a nd

ev e nt

accommodation c o nv e ne rs

N F P ’s ,

a nd

i nc l uding

c o rp o ra t i o ns

a nd

B E P e r t h impl e m e nt e d s t ra t e g i c i ni t i a tives ac ro ss t h e fo l l owi ng key b us i ne s s uni ts to

ac h ieve t h e o rg a ni s a t i o n’s key p e rf o rma nc e

ind ic a t o r s , a s d e f i ne d by To uri s m WA in

2022-23 to s ec ure inc rea s ed bus ines s events

a s s o c ia tio n

a nd

c o r po ra te

meeting

res po ns ible

fo r

identify ing

a nd

and

bidding

to s ec ure new na tio na l a nd inter na tional

bus ines s events fo r Wes ter n A us tra lia . The tea m is pr ima r ily ba s ed in P er th a lo ng w ith

a n in-ma r k et S y dney ba s ed S enio r Bus in ess D evelo pment

Ma na ger

a nd

UK/Europe

S enio r Bus ines s D evelo pment Ma na ger.

C lie nt E ngage m e nt fosters positive, long-

term relationships w ith our m em ber partners and

local,

national

decision-m akers

across

and

the

international

association,

corporate m eeting and incentive sectors. Leveraging show case

m ajor

Perth

events

and

Perth

vibrant

destination for business events, BE Perth’s

Client Engagem ent team w orks closely w ith the Business Developm ent team to identify

key decision-m akers and opportunities to engage w ith these high value clients inm arket.

BE P er th ha s a s tro ng s tra tegic fo c us to

Strategic Projects supports the development

S ta te:

am plification of secured events; to increase

s ec ure bus ines s events a ligned to F uture s ec to r s .

D iver s ify

pr io r ity

ec o nom ic

of business events ow ned locally, as w ell national

and

international

visitation

underpin sectoral grow th for WA’s diverse

2.0 ORGANI SATI ON PERFORMANCE

AUSBIOTECH 2022, QT PERTH

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

OATS 22, CROWN PERTH

2.0 ORGANI SATI ON PERFORMANCE

ec o no my.

Within

S tra tegic

P ro jec ts ,

P er th revived its fo c us to identify a nd s h are indus tr y res ea rc h da ta a nd ins ights relev ant to the bus ines s events s ec to r.

BE P er th’s Ma rk eting tea m, enc o mpa sses des tina tio n

ma r k eting

c o mmunic a tio ns .

The

a nd

tea m’s

c o r po rate

ro le

deliver ta rgeted ma r k eting initia tives a imed

a t dr iving bus ines s event lea d o ppo r tuni ties fo r the s ta te. I n the fina nc ia l y ea r 2022-23, ma r k eting a nd bidding s tra tegies a c ross

the o rga nis a tio n were s ea mles s ly a ligned to s uppo r t To ur is m WA’s new glo ba l to urism

bra nd, ‘ Walk ing on a D re am, ’ ens ur ing that

our aligned efforts resonate on a global scale.

C orporat e

S e rvice s

encom passes

adm inistration, finance, hum an resources and

board

the

creation

team

grew

during of

m atters.

2022-23,

Strategic

Perth’s

inclusive

Projects

and

Client Engagem ent as new business units to deliver on increased targets. Due to an

expired office lease term , during 202223, BE Perth relocated to offices at 129 St

Georges Terrace Perth, w ithin the Brookfield precinct.

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

2 . 2 KEY PE RFORMANC E I N DI C A T O RS Th e Co mp an y 's p e rf o rm a nc e a s d e f i ne d by its s er vic e c o ntra c t to

Bus ines s Events Perth achieved $320.4 m illion in Dire ct De le gat e

B o ard fo r t h e s a m e p urp o s e , ha d a p ri ma r y dis tinc t mea s ure:

23 fina nc ia l y ear.

To u r is m We ste rn A us t ra l i a ( 2 0 2 3 - 2 0 2 6) , a nd a s a do pted by the

•

D ire c t D e le g a t e E x p e nd i t ure ( D D E )

I n the 2022-23 financial year Business Events Perth secured 248

D D E is a uni v e rs a l key p e rf o rm a nc e indic a to r ( KP I ) s pec ific

Wes ter n A us tra lia from 2023 out to 2026, re pre s e nt ing 78,517

t o c o n ve n t i o n b ure a u na t i o na l l y a n d inter na tio na lly. I t is a n

e c o n o mic K P I b a s e d o n a c a l c ul a t i o n o f the a vera ge o n-gro und sp e n d o f c o nf e re nc e d e l e g a t e s whi ls t in the S ta te o f Wes ter n

Au st ra lia. T hi s v a l ue i nc l ud e s a c c o mmo da tio n, delega te fees a nd all o n - g ro und c o s t s .

na tiona l a nd in t e rnat ional bus ine s s eve nt s set to occur in

delega tes a nd 262,942 hot e l room night s . In addition, Business Events P er th had 110 bids pending a destination decision for a

future bus ines s event in WA. This com pared w ith 37 bids pending a des tina tio n decision in 2018-19.

2 02 2 -2 3

K PI TA R GET S

Expenditure ( DDE) against a target of $311.5 m illion for the 2022-

2 02 2 -2 3

TARG E T

AC TUAL

D i re c t D e l eg a t e E x p enditure (DDE ) se cure d

$311,500,000

$32 0,400,000

1a.

A s s oc i a t i on ( D D E )

$264,800,000

$2 32 ,300,000

1 b.

C or p ora t e a n d In c en tiv e (C &I ) (DDE )

$46,700,000

$88,100,000

D i v e r s i f y WA P e rc en t age (se cure d)

60%

64%

N u m b er of D el e g a t e s (se cure d)

84,000

78,517

In d u s t r y Fi n a n c i a l C o ntribution (I F C )

$1,500,000

$1,644,12 6

AUSBIOTECH 2022, PCEC

2.0 ORGANI SATI ON PERFORMANCE

06 16 000

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

RE-AWAKEN FAMIL 2023 WELCOME FUNCTION, WA MUSEUM BOOLA BARDIP

2.0 ORGANI SATI ON PERFORMANCE

2 . 3 M EMBE R PARTNE RS BE

Perth

p ro ud

p ro m o t e

We s ter n

Au st ra lia’s d iv e rs e b us i ne s s ev e nt s i nd us tr y

an d su p p o r t s c o l l a b o ra t i o n a c ro s s a wide ra n g e

lo c a l

v e nue s ,

seve n

M e mb e r

hotel

an d

visu al

c o mp a ni e s ,

an d

b u s in e s s

ex p e ri e nc e s

a nd

se r vic e s. With o ne hund re d a nd t w enty P a rt ne rs

2 0 22-23,

accommodation

v e nues ,

th e s e o rg an i s a t i o ns i nc l ud e d c o nf e renc e, p ro fe ss io n al c o nf e re nc e o rg a ni s e rs , a udio p h o t o g rap h e rs ,

t ra ns p o rt

uni q ue

ev e nt

c o m p a nies ,

v e nue s ,

a c t i v ities

s up p l i e rs

with

b e sp o k e o p e ra t o rs a c ro s s re g i o na l WA a nd me t ro p o lit a n P e rt h.

fa miliar is at io ns

i ns p e c t i o n

a nd

b us i ne s s

netwo r king

•

Member

Educ a tiona l

function

held fo r

•

the

N ovo tel

a ttendees ,

P er th

A ugus t

P e r t h’s c a le n d a r o f a c t i v i t i e s t o c o nnec t

an d c o lla b o ra t e wi t h o ur Me m b e r P a rtner s ,

industry updates from invited speakers. •

La ngley 2022.

P la tinum Member F unc tion, ho s ted by

•

C ha ir, Bra dley Wo o ds , held in A ugust gues ts .

P res enta tio ns

inc luded

upda te fro m then D eputy P remier and

To ur is m Minis ter the H o no ura ble Roger Ma c k

pres enting

•

func tio n provides a high-level update to k ey s ta k eho lder s , Ma jo r P a r tner s and

P la tinum Member P a r tner s o n BE P erth’s

s tra tegic pr io r ities a nd initia tives fo r the y ea r a hea d, a lo ng with gover nment and

for

Hotel

Perth

acknow ledged

year

attendees

m ilestone

Perth

Me e t ing,

Perth in

the

Scarborough

October

held

50t h at

2022.

its

50-

Annual

Parm elia

Novem ber

2022.

BE Perth’s Mem ber Partner and Industry

e nd-of -ye ar f unct ion, acknow le dging 50 ye ars of Bus ine s s E ve nt s Pe rt h, w as

Ma r tin. The P la tinum Member P a r tner

R endezvous

Hilton

C o o k MLA fo llowed by Bus ines s Eve nts Ro bin

Me m be r Ne t w orking function held at

G e ne ral

2022 a t Optus S ta dium with 30 inv ited

Australia along with BE Perth’s CEO Gareth

p ro g ra ms ,

l e a d s,

a nd

na tio na l indus tr y upda te fro m To urism

In ad d it io n t o i nc l us i o n i n re l ev a nt bid site

educ a tio na l

o ppo r tunities inc luded:

A us tra lia’s

E D UCA T I ONAL , N ETW O R K IN G A N D IN D UST R Y UP D A TES

p ro p o s als,

fa c ilita ting

held at Crow n Perth in Decem ber 2022. •

Me m be r E ducat ional and Ne t w orking held at Novotel Perth Murray Street

in April 2023 for 65 attendees, w ith inform ative presentations from BE Perth staff and special guest Chitra Kam ath, JTSI office Mum bai.

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

2 . 4 HIG H L IG HTS 2022 - 2 3 wa s a highlight.

B USI NE SS E VE N TS IN W A Wit h b o rd e r s o nc e a g a i n o p e n, B E P er th was

p le as e d

see

113

na t i o na l

int e r n at io n a l b us i ne s s ev e nt s , s t a g e d We s t e r n Au s t ra l i a t hro ug ho ut F Y 2 3 .

a nd in

B E P e r t h w o r ke d wi t h t he D e p a rt m e nt o f Jo b s,

To u r is m ,

S c i e nc e

a nd

I nnov a tio n

( J TSI ) t o se c u re t he A usB i o t e c h N a t i ona l Co n feren ce a nd A us B i o I nve st f o r WA . H eld

in P e r t h in O c t o b e r 2 0 2 2 , t hi s c o nf e renc e sh o n e t h e spo t l i g ht o n We s t e rn A us tra lia fo r

the

c o unt ry ’s

c o n fe re n c e d e le g a t e s; e levat e d

l a rg e s t

a t t e nd e d

a l o ng s i d e

the

p ro f i l e

Life

ov e r

t he

S c i e nc es

A us B i o I nv e s t

1, 000

w hic h

A us t ra lia n

b io t e c h n o lo g y i nd us t ry, c re a t i ng a c c e s s to

g re a t e r fu n d in g s o urc e s f o r l o c a l c o m p anies

to d eve lo p w o r l d c l a s s s c i e nc e i nt o t he ra pies , d ia g n o s t ic s a nd m e d i c a l d ev i c e s . Co llab o rat in g

wi t h

WA I TO C ,

o ne

Wo r ld

Allia nc e

( W I N TA )

In di g e no us

Ma rc h 2023, fo r mo re tha n 550 a ttendees,

s ignific a ntly exc eeding o r igina l es timates.

I ndigeno us to ur is m is a funda menta l pa rt of the Wes ter n A us tra lia n Gover nment ’s plan

for

Western

Australia

valued at $311.5m illion in direct delegate expenditure, key bid w in highlights for the year included:

a c ro s s ur ba n a nd regio na l c o mmunities .

c rea tes

jo bs

a nd

ec o no mic

we alth

BE P er th pa r tnered with S tudy P er th to s ec ure

the

a nnua l

I CEF

A ustra lia

New

Zea la nd A gent ( A NZA ) c onferenc e. H eld in

P er th in A pr il 2023, it wa s the la rges t ICEF

A N ZA to da te, with 516 pa r tic ipa nts f rom 340

o rga nis a tio ns ,

with

4, 205

meetings

s c heduled. This impo r ta nt event fo r the inter na tio na l

educ a tio n

s ec to r

gives

educ a tio n provider s fro m A us tra lia a nd New

all

f or

five

Western

secure

the

Australian

As ia-Pacif ic

Int e rnat ional

C onf e re nce

and

universities

As s ociat ion

E ducat ion

E xhibit ion

(APAIE )

2024.

This

conference is expected to attract up to 2,000

delegates, w ith opportunities for valuable connections

across

the

international

education sector for Western Australia, in

addition to an estim ated econom ic value to

the state of $10.9m illion in direct delegate expenditure.

Zea la nd the o ppo r tunity to meet with top

Perth w as confirm ed as the host destination

fro m a ro und the wo r ld.

C am pylobact e r, He licobact e r and Re lat e d

inter na tio na l s tudent rec r uitment a ge nts

BID WIN H IGH LIGH T S

s e c ure

the

With a k ey per fo r ma nc e ta rget in 2022-

S um mit

events

BE Perth supported a collaboration across

tha t

the

To uri s m

business

fo r a ro bus t a nd res ilient to ur is m indu stry

fo u n d in g me m b e rs o f t he Wo rl d I nd i g e no us To u r is m

The S ummit wa s held in

23 to s ec ure na tio na l a nd inter na tional

for the 22nd Int e rnat ional Works hop on Organis m s C HRO 24, to be held in October 2024. The w orkshop is set to attract 500

researchers, clinicians, and scientists from around the w orld to foster new collaborative,

m ulti-disciplinary interactions, and address

2.0 ORGANI SATI ON PERFORMANCE

AOG ENERGY, PCEC

20 000

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

MEET IN WA 2023, QT PERTH

2.0 ORGANI SATI ON PERFORMANCE

p re s sin g iss ue s a nd s o l ut i o ns s urro un ding

P er th is the o nly A us tra lia n member city.

Indo-Pacific Space and Earth Conference.

o rg a n isms

October 2023 w ith a program covering all

Campylo b a c t e r, in

He l i c o b a c t e r,

t he

E ra

a nd

re la ted

Me t a - o mic s .

Sh ow c a sin g t he i m p o rt a nc e o f a t t e nding

c o n fe re n c e s e a rl y i n y o ur c a re e r, We s ter n Au st ra lia’s No b e l La ure a t e , P ro f e s s o r B a r r y

The pa r tner s hip pro mo tes the exc hange indus tr y

develo pment

k nowledge exper tis e

a nd

between its member c ities .

a nd

ec o nom ic

s tra tegies

M a r s h a ll w ill c ha i r t he o rg a ni s i ng c o m mittee

fi r st p u b lic at io n o f He l i c o b a c t e r P y l o ri a t the

Ta iwa n L ea dership Semina r fo r P er th in

o f CH R O 2 4 , 4 0 y e a rs a f t e r p re s e nt i ng his

2 n d In t e r n a t i o na l C HRO S i n B rus s e l s tha t le d t o h is jo int N o b e l P ri z e wi t h P ro f es s o r R o b in Wa r re n. Su p p o r t e d

t he

D e p a rt m e nt

J o bs ,

pa r tner s hip

with

Bus ines s

Events

A us tra lia , BE P er th s ec ured the A mw ay

2024. This will s ee a to ta l o f 1, 000 delegates tra vel in two wa ves to Wes ter n A us tralia fo r a n inc entive pro gra m to exper ienc e our bea utiful s ta te.

The 30th A nniv ersa ry of P erfec t Ch ina

(30 th A PR SA F ) wa s c o nf i rm e d f o r Per th

pa r tner s hip with Bus ines s Events A us tralia,

an d w ill b e h e l d i n 2 0 2 4 f o r 4 5 0 d e l e ga tes c o min g fro m s p a c e a g e nc i e s a c ro s s t he A s ia P ac ific re g io n .

B E P e r t h su p p o rt e d C i t y o f P e rt h t o s e c ure th e

Wo r ld

Annual Wo r ld is

E ne rg y

Cities

Gen e ra l

M e e t i ng

c o llab o ra t i o n

b e t we e n

En e rg y

Cities

P a rt ne rships 2023.

P a rt ne rs hi p 19

The

( W EC P )

g l o ba lly

re c o g n is e d ‘e n e rg y c i t i e s ’ a ro und t he w o r ld.

inc entive delega tio n wa s a ls o s ec ured in

fo r 2024. Up to 2, 700 inc entive delega tes w ill

tra vel to Wes ter n A us tra lia in two gro ups to exper ienc e ta ilo red inc entive pro gra ms . FOU N D AT ION BU S IN E S S E VE N T In

2022-23,

technologies that can be applied both on earth and in space.

DESTI NATI ON SI TE I NSPECTI ONS & FAMI L I ARI SATI ONS ( FAMI L S) Led by Client Engagem ent, BE Perth hosted

a total of 94 site inspections and fam ils in 2022-23. This included 10 destination fam ils

and

tailored

site

inspection

in-person

program s and w as a significant increase

To u r is m, Sc ie nc e a nd I nnov a t i o n ( J T S I ) , the A s ia Pa cific R e g i o na l S p a c e A g e nc y F orum

The conference is set to be held in Perth in

a lo ngs ide

com parison

eight

site

inspections being conducted in 2021-22, due to COVID-19 travel restrictions. Site inspections

facilitate

im portant

face-to-

face connections w ith decision-m akers and event

m anagers

and

support

relationship developm ent. In

2022-23,

E ve nt s

Perth

continued

partnered

Aus t ralia

w ith

the

S tate

Bus ine s s

show case

owner,

P e rth

Southeast Asia and Am w ay Taiw an. BE Perth

thro ugh J TS I a nd My S ec urity

Western Australia for key fam il groups from

s uppo r ted the develo pment o f the ina ugural

partnered w ith Touris m WA to deliver a

Gover nment Media

the

event

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

Sin g a p o re Airl i ne s A g e nt e d uc a t i o na l f a mil,

with

P e r t h an d t h e s o ut h we s t t o ho s t t he Flight

a c ro s s S y dney, Melbo ur ne a nd P er th a long

an d w it h in d u s t ry M e m b e r P a rt ne rs a c ro s s Ce n t re M an age m e nt f a m i l i n e a rl y 2 0 2 3.

w a s h e ld in Ma rc h 2 0 2 3 f o r 2 6 q ua lified

p ar t ic ip an t s fro m na t i o na l a nd i nt e rna tio na l

as so c iat io n s a nd c o rp o ra t i o ns , wi t h three tailo re d d e st i na t i o n p ro g ra m s t o s how c a s e

h ig h lig h t s o f P e rt h t o t he d e l e g a t i o n. The sh ow c a s e d an d

ov e r

g e ne ra t e d

local

new

i nd us tr y

b usines s

o p p o r t u n it ie s f o r WA v a l ue d a t ov e r $105 millio n in d ire c t d e l e g a t e ex p e nd i t ure . CLI E NT E NG AG EM EN T In 2 0 2 2 - 2 3 , B E P e rt h c ura t e d t a i l o re d c lient e n g a g e me n t

activities

P e rt h

a nd

in-

mar k e t , t o c o nne c t a nd e ng a g e wi t h q ua lified d e c is io n - mak e rs . init iat ive s

inc l ud e d

C l i e nt BE

e ng a g e ment

P e rt h’s

C a nber ra

D e st in a t io n S howc a s e , he l d i n p a rt ne r s hip

c lient

a nd

Exhibi tion

func tio ns

h eld

with bes po k e c lient events to levera ge inWes ter n A us tra lia a nd the releva nt indu stry

B E P e r t h’s re-a WA ke n m e g a f a m i l i a ri s a tio n

su p p lie r s

C o nventio n

dedic a ted

ma r k et tra des how a ttenda nc e a nd profile

R E - A WA K E N

fa mil

P er th

C entre;

pa r tner s pa r tic ipa ting, s uc h a s the ‘ S hare the Love’ c lient func tio n dur ing A I ME 2023

a nd c lient func tio n dur ing the A s s o c ia tions F o r um N a tio na l C o nferenc e. In

a dditio n

levera ging

des tina tio n

fo r

bus ines s

•

BE Perth’s S um m e r E ve ning Re ce pt ion w as held for over 60 local stakeholders

and clients from governm ent, education, health, m ining and technology sectors.

Guests w ere w elcom ed by the Hon R oger

Cook MLA, then Deputy Prem ier and Tourism Minister. TRADESHOW S Exhibiting at the leading trade event for

ma jo r

eve nts

the m eetings and business events industry

to s howc a s e P er th a nd WA a s a vibrant

in the Asia Pacific region, the As ia Pacif ic

P er th delivered the fo llowing k ey c l ient

alongside 20 WA industry stand partners,

events ,

Ince nt ive s and M e e t ings E ve nt AIME 2023

enga gement a c tivities :

undertaking a com bined 340 pre-scheduled

•

ever industry delegation in attendance. In

appointm ents. AIME 2023 saw WA’s largest

The ina ugura l Meet in WA indus tr y ev ent to c o nnec t lo c a l c o nveno r s with industry.

addition, BE Perth co-hosted a client function

corporate attendees.

Member

P a r tner s

pa r tic ipated,

a lo ng with repres enta tio n fro m To urism

during AIME for over 100 association and

WA , WA I TOC a nd WA’s Regio na l To urism

Nat ional

indus tr y pres enta tio ns to over 60 c lients.

Council

Orga nis a tio ns , with po p-up bo o ths and

Franchis e

C onve nt ion

Australia,

attendees

the

signature national event of the Franchise of

include

franchisors and their senior decision m akers

2.0 ORGANI SATI ON PERFORMANCE

RE-AWAKEN FAMIL 2023 MARKETPLACE, SANDALFORD

24 000

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

ASPIRE 2022, MURDOCH UNIVERSITY AWARD RECIPIENT

2.0 ORGANI SATI ON PERFORMANCE

fro m h e a d o ff i c e , f ra nc hi s e e s , a nd s up plier s to t h e s e c t o r. B E P e rt h c o - ex hi b i t e d with Crow n

Perth,

O p t us

S t a d i um

a nd

Co n ve n t io n an d E x hi b i t i o n C e nt re .

Per th

A s s o cia tio n F o rum N a t i o na l C o nf e renc e at t rac t in g

S e ni o r

exe c ut i v e s ,

d is c u s sio n s

key

Bo a rd

me mb e r s , an d ex p e rt s i n t he i r f i e l d t o lea d th e

t he

a ss o c ia t i o ns ,

i s s ue s

c ha ri t i e s

a nd

a f f ec ting no t-fo r -

p ro fit se c t o r, B E P e rt h ex hi b i t e d a t this n a t io n al

ind u s t r y

c o nf e re nc e Member

p a rt ne rs hi p

P a rt ne rs

C rown

with

P er th,

O p t u s St ad iu m a nd P e rt h C o nv e nt i o n a nd Ex h ib it io n Ce nt re . BE

Perth

ex hi b i t e d

t he

P ro f e ssiona l

Co n feren ce O rg a ni se rs A sso c i a t i o n ( P COA ) Na tio n a l Co nf e re nc e t o c o nne c t wi t h this

events

ma r k ets

thro ugh

s c heduled a ppo intments .

over

pre-

BE P er th a ttended The Meeting Show in Lo ndo n, J une 2023 to pro mo te Wes tern A us tra lia

the

United

Kingdo m

and

Euro pea n ma r k ets thro ugh over 15 pres c heduled a ppo intments . The

Tra v el

Meet

A sia

m eetings w ith trade representatives from Singapore, Malaysia and Indonesia across

the business events and leisure sectors. In addition, BE Perth and Tourism WA presented to m ore than 40 corporate clients alongside airline

partners

Malaysian Airlines.

Singapore

Airlines

and

ASPI RE AW ARDS Tra deshow

w as

held in J une 2023, in Kua la Lumpur. BE

BE Perth partnered w ith the state’s prem ier

pa r tic ipa tio n fo r eight member pa r tner s also

governm ent organisations to provide eleven

with 200 k ey MI C E, c o r po ra te c lients a c ross

attend an international conference in their

To ma ximis e a nd bo o s t Wes ter n A us tralia’s

recipients w as the U niversity of Western

MI C E c lients wa s held to c o inc ide with this

P er th a ttended a nd c o -o rdina ted industry

research, tertiary organisations and local

exhibiting with the o ppo r tunity to network

travel aw ards for Western Australians to

two da y s o f pre-s c heduled a ppo intments.

field of study or w ork. Am ong the 2022

pro file

Australia’s Dr Ben McAllister, w ho’s w ork

in-ma r k et,

s o c ia l

func tio n

for

the

fields

quantum

technologies

Tra des how.

and dark m atter are helping solve one of

b u s in e ss eve nt s d e s t i na t i o n.

Rec onnec t WA Roa dshow I n J uly 2022, BE

Institute for Neurological and Translational

B E P e r t h jo in e d To uri s m A us t ra l i a’s s t a nd a t

indus tr y o pera to r s to deliver the ‘ Rec o nnect

focuses on understanding the pathogenesis

This ro a ds how fa c ilita ted mo re tha n 100

regulation,

k ey b u sin e s s ev e nt s i nd us t ry m a rke t a nd

p ro mo t e We s t e rn A us t ra l i a a s a p re f e r red

th e IM EX Fra nkf urt t ra d e s how t o p ro mo te We s t e r n

Au s t ra l i a

E uro p e a n

b us ines s

the universe’s biggest m ysteries; Perron

P er th c o lla bo ra ted with To ur is m WA a nd 26

Science Dr. Marzena Pedrini, her research

WA Ro a ds how ’ in Ma la y s ia a nd S inga pore.

of MS and the role of genetics, im m une and

environm ental

factors

2 . 0 OR G A NI SA TIO N P ER F O R M A N C E

d ise a se

s us c e p t i b i l i t y

a nd ,

Murdo c h

U n ive r s it y ’s D r B o b D u, hi s re s e a rc h is

c o n t r ib u t in g t o t he i m p rov e d p ro d u c tio n c ap a c it y an d p ro f i t a b i l i t y o f A us t ra l i a’s gra in

Perth and Western Australia to key national

inc rea s e in a udienc e enga gement.

across Australia, North Asia, Southeast Asia,

pla tfo r m

fo r

enga gement

with

28.4%

RE G ION AL CON T E N T CRE AT ION

to t h e fo o d s up p l y c ha i n.

BE P er th expa nded o ur s uc c es s ful c o ntent c rea tio n

M E D I A A CT I VI TY

me d ia at t e n t i o n t hro ug h o ur m e d i a re l ea s e. o rd e r

p re s e n c e

f urt he r a

ex p a nd

global

scale,

P e r th’s

ma de

sig n ific an t g rowt h i n o ur m e d i a a c t i v ities , st rat e g ic ally bo o s t i ng o ur b ra nd ’s v i s ibility in b o t h d o me s t i c a nd i nt e rna t i o na l m a r k ets .

These activities aimed to enhance destination aw are n e s s

a nd

b u s in e ss eve nt s .

c re a t e

o p p o rt uni t i e s

fo r

SOC I A L M E D I A G R O W TH BE

P e r t h’s

ex p e r ie n c e d

DEL EGATE B OOSTI NG I NI TI ATI V ES

c a pture

regional

bus ines s event venues a nd exper ienc es in

In 2 0 2 2 - 2 3 , B E P e rt h g a rne re d s ub s t a ntia l In

pro gra m

social

ro b us t

A us tra lia’s Go lden Outba c k ( AGO) . Th ese a s s ets will be us ed in o n-go ing bidding

a c tivities a nd ma r k eting c o lla tera l pro moting AGO a s a bus ines s events des tina tio n.

g rowt h

f o l l owing 2 0 22-23,

BE Perth played an active role in boosting delegate

engagem ent

through

series

of activations. Notable event activations

included the Biennial Conference on the Biology of Marine Mam m als 2022 leading up

to Perth 2024, the International Congress

on Neurom uscular Diseases (ICNMD) 2022

CON T E N T CRE AT ION

leading up to Perth 2024, the Asia-Pacific

With s uppo r t fro m Bus ines s Events A us tralia,

(APAIE)

P er th metro regio n, c a ptur ing s igna ture

U lysses AGM and National R ally 2023 in

inter na tio na l

for Western Australia in 2024.

Association

2023

for

International Bangkok,

Education

serving

BE P er th delivered a c o ntent s ho o t in the

precursor to APAIE 2024 in Perth, and the

bus ines s

regional New South Wales, setting the stage

event

exper ienc es

bus ines s

events

fo r

us e

ma r k e ting

to dr ive lea d o ppo r tunities . The project media

and international business events m arkets New Zealand, U nited Kingdom , Europe.

ind u s t r y a n d t he e f f e c t i v e m a na g e m e nt o f

b io s e c u r it y r i s k a nd i ns e c t i c i d e re s i s ta nc e

with Link edI n c o ntinuing to prove the best

delivered 150 s till, bra nd rea dy pho to graphy

a s s ets to pro mo te s igna ture exper ienc e s in

2.0 ORGANI SATI ON PERFORMANCE

KALGOORLIE-BOULDER

D IR EC T O R S ' R E P O R T F OR T H E Y E A R E ND E D 3 0 JUN E 2023 Yo u r D ire c t o r s p re s e nt t he i r re p o rt o n Bus ines s Events P er th fo r the fina nc ia l y ea r ended 30 June 2023.

1. GENERAL INFORMATION (A)

DIRECTORS

Th e n a me s o f t he d i re c t o rs i n o f f i c e a t a ny time dur ing, o r s inc e the end o f, the y ea r a re: Na m es ( A p pointed/ Term c onc luded) •

R e n e e J u lia B E N N E T T

•

P e t e r CH I N

• • • •

D an ic ia Q U I N L A N

( R e s igned 21 D ec ember 2022)

Eu g e n e D E V I L LI E R S

( R e s igned 27 A pr il 2023)

B r ian M CHE N RY M ic h a e l SCOT T

( Te rm c o nc luded 17 N ovember 2022) ( E l ec ted 17 N ovember 2022)

( A ppo inted 30 J a nua r y 2023)

D ire c t o r s h ave b e e n i n o f f i c e s i nc e t he s ta r t o f the fina nc ia l y ea r to the da te o f this repo rt unless otherw ise stated. Th e n a me s o f e a c h C o ns ul t i v e D i re c t o r thro ugho ut the y ea r a nd a t the da te o f this repo r t are: •

B ra d ley WO O D S

•

P e t e r B R AMP TO N

• • • •

Ian P h ilip G AY

M e lis sa K A R L S O N An d rew CA I R N S Nig e l K EEN

( Te rm extended 17 N ovember 2022) ( R e -a ppo inted 30 A ugus t 2022) ( R e -a ppo inted 30 A ugus t 2022)

(B)

PRINCIPAL ACTIVITIES

Th e p r in c ip al a c t i v i t i e s o f B us i ne s s E v e nts P er th dur ing the fina nc ia l y ea r were to : •

mar k e t t h e S t a t e o f We s t e rn A us t ra lia a nd P er th a s a prefer red c o nventio n, exhibitio n and incentive travel destination;

•

as sist o rg a ni s e rs i n t he wi nni ng a nd pro mo tio n o f their bus ines s events in Wes ter n A u stralia; and

•

mak e re c o m m e nd a t i o ns t o To uri s m Wes ter n A us tra lia fo r the implementa tio n o f ma r keting and sales projects and activities.

Wit h b o rd e r s re - o p e ne d p e rm a ne nt l y i n 2022 ( po s t COV I D -19) , Bus ines s Events P er th a c ti vely resum ed its core m arketing and business

d eve lo p me n t a c t i v i t i e s i nc l ud i ng a t t e nda nc e a t tra des hows , indus tr y c o nferenc es , bid presentations and hosting of site inspections and fa miliar is at io ns f o r q ua l i f i e d c l i e nt s .

(C)

SHORT AND LONG TERM OBJECTIVES AND STRATEGIES

Th e Co mp an y 's s ho rt t e rm o b j e c t i v e s are to : •

mar k e t an d p ro m o t e t he S t a t e o f Wes ter n A us tra lia a s a prefer red bus ines s events de stination in Australia and w orldw ide;

•

se c u re n a t i o na l a nd i nt e rna t i o na l bus ines s events to be held in Wes ter n A us tra lia ;

•

g e n e ra t e s o c i a l a nd e c o no m i c b e nefits fo r the peo ple o f the S ta te o f Wes ter n A us tra li a through securing business events to be held in the

•

e n c o u rag e B us i ne s s E v e nt s P e rt h m ember s hip to provide a n inter na tio na l s ta nda rd o f product and service delivery.

St a t e ;

To ac h ieve t h e s e o b j e c t i v e s , t he C o m p a ny ha s : •

at t rac t e d a nd re t a i ne d q ua l i t y s t a f f c o mmitted to Bus ines s Events P er th's s ho r t a nd long term objectives;

•

e n s u re d s t a f f wo rk c l o s e l y i n p a rt ner s hip with member s , s ta k eho lder s a nd the bus ine ss events industry to support the Com pany 's p ro je c t s a nd i ni t i a t i v e s ; a nd

•

(D)

st a ff w h o s t ri v e t o m e e t c o ns i s t e nt s ta nda rds o f bes t pra c tic e a nd who provide c lea r expectations of professional standards and re s p o n s ib i l i t i e s t o a l l m e m b e rs a nd s ta k eho lder s .

KEY PERFORMANCE MEASURES

Th e Co mp an y 's p e rf o rm a nc e a s d e f i ne d by its s er vic e c o ntra c t to To ur is m Wes ter n A us tralia (2023 - 2026), and as adopted by the Board for th e sa me p u r po s e , ha d o ne d i s t i nc t m e a s ure: •

D ire c t D e le g a t e E x p e nd i t ure ( D D E ) D D E is a uni v e rs a l key p e rf o rm a nc e indic a to r ( KP I ) s pec ific to c o nventio n burea u na tionally and internationally. It is an econom ic KPI b as e d o n a c a l c ul a t i o n o f t he a v e rage o n-gro und s pend o f c o nferenc e delega tes whilst in the State of Western Australia. This value in c lu d e s a c c o m m o d a t i o n, d e l e g a t e fee a nd a ll o n-gro und c o s ts .

B u s in e ss Eve nt s P e rt h a c hi ev e d $ 3 2 0 . 4 millio n in D irec t D elega te Expenditure ( D D E) a ga inst a target of $311.5 m illion for the 2022-23 fi n an c ia l ye a r.

In t h e 2 0 2 2 - 2 3 f i na nc i a l y e a r B us i ne s s Events P er th s ec ured 248 na tiona l a nd interna tional bus ine s s eve nt s set to occur in Western

Au st ra lia fro m 2 0 2 3 o ut t o 2 0 2 6 , re p re senting 78,517 delega tes a nd 262,942 hotel room night s . In addition, Business Events Perth had 110

b id s p e n d in g a d e s t i na t i o n d e c i s i o n f o r a future bus ines s event in WA . This c o mpa red with 37 bids pending a destination decision in 2018-19. Wit h a p o sit iv e g rowt h i n b i d s a nd b i d develo pment a c tivity, inc rea s ed pending bids a ls o reflects a challenging m arket environm ent w ith

sig n ific an t d o m e s t i c a nd i nt e rna t i o na l c o mpetitio n; a s well a s extens io n o f des tina tio n de cision m aking tim efram es. In 2018-19 Business

Eve n t s P e r t h w a s l a rg e l y b i d d i ng o n events up to three y ea r s in a dva nc e however in 2022-23 bids have extended out to 2030, representing 7 ye a r s in ad van c e . I m p rov e d f l i g ht a c c e s s , c a pa c ity a nd lower c o s ts will a s s is t in ens ur ing Western Australia is com petitive against dom estic an d in t e r n a t io na l c o m p e t i t i o n.

Ind u st r y F in an c i a l C o nt ri b ut i o n ( I F C ) wa s a F ina nc ia l Repo r ting I tem fo r Bus ines s Events Perth in 2022-23 w ith a target set for $1,500,000. B u s in e ss Eve nt s P e rt h a c hi ev e d $ 1 , 6 4 4, 126 in I ndus tr y F ina nc ia l C o ntr ibutio n fo r the y ea r.

Th e p e r fo r ma nc e a g a i ns t t he s e key p e rfo r ma nc e indic a to r s is lis ted a s fo llows : 2 02 2 -2 3

K PI TA R GET S

2 02 2 -2 3

TARG E T

AC TUAL

D i re c t D e l eg a t e E x p enditure (DDE ) se cure d

$311,500,000

$320,400,000

1a.

A s s oc i a t i on ( D D E )

$264,800,000

$232,300,000

1 b.

C or p ora t e a n d In c en tiv e (C &I ) (DDE )

$46,700,000

$88,100,000

D i v er s i f y WA P erc e n t a ge (se cure d)

60%

64%

N u m b e r of D e l eg a t es (se cure d)

84,000

78,517

In d u s t r y Fi n a n c i a l C ontribution (I F C )

$1,500,000

$1,644,126

( E)

INFORMATION ON DIRECTORS

T h e n ame s o f e a c h p e rs o n who ha s b e en a direc to r dur ing the y ea r a nd to the da te o f thi s report are: Ren ee J u lia B E N N E T T •

D ire c t o r

•

P CO Ass o c i a t i o n, C o unc i l l o r - We s t er n A us tra lia

•

D ire c t o r, E nc a nt a E v e nt Ma na g e m e n t

Da n icia Q UIN L A N • •

D ire c t o r (Re s i g ne d 2 1 D e c e m b e r 2 022)

CEO, Fre m a nt l e C ha m b e r o f C o m m erc e

P eter CHIN • •

D ire c t o r (d i d no t s e e k re - e l e c t i o n a t 2022 AGM) M a n a g in g D i re c t o r, Va l e nt i no Ho l i d ay s

E u gen e D E V I L L I E R S • •

D ire c t o r (Re s i g ne d 2 7 A p ri l 2 0 2 3 )

CEO, L ib e r t y I nt e rna t i o na l A us t ra l i a & N ew Zea la nd

B r ia n M CHEN R Y • •

D ire c t o r (E l e c t e d 1 7 N ov e m b e r 2 0 2 2)

G e n e ral M a na g e r, Me rc ure P e rt h Hotel

M ich a el SCOT T •

D ire c t o r (A p p o i nt e d 3 0 J a nua ry 2 0 23)

•

D ire c t o r, A us t ra l i a n Ho t e l s A s s o c i a tio n ( WA )

• •

G e n e ral M a na g e r, R AC A re na

D ire c t o r, H o s p i t a l i t y G ro up Tra i ni ng ( WA )

B ra dley WOO D S •

Ch a ir, Co ns ul t a t i v e D i re c t o r ( Te rm extended 17 N ovember 2022)

•

CEO, Au s t ra l i a n Ho t e l s A s s o c i a t i o n WA

• • • • • • • •

M e mb e r, B us i ne s s E v e nt s P e rt h F i nanc e, A udit, Ris k a nd Member s hip C o mmittee D ire c t o r, To uri s m A us t ra l i a

Ch a ir, Au s t ra l i a D a y C o unc i l WA

Ch a ir, Co m m o nwe a l t h G ov e rnm e nt - To ur is m, Tra vel a nd H o s pita lity I ndus tr y Referenc e Com m ittee Ch a ir, H o s p i t a l i t y G ro up Tra i ni ng

B o ard M e m b e r, R o na l d Mc D o na l d Ho us e P er th

Ch a ir, Ed ith C owa n Uni v e rs i t y - To uris m a nd H o s pita lity Ma na gement C o ns ulta tive C o mm ittee Co - F o u n d e r a nd B o a rd Me m b e r, He a lthy Mind Menu I nc .

Ia n Ph ilip GAY •

Co n s u lt at i v e D i re c t o r ( R e - a p p o i nt e d 30 A ugus t 2022)

•

Ch a ir, Au s t ra l i a’s N o rt h We s t To uri s m

•

Ch a ir, B u s i ne s s E v e nt s P e rt h F i na nc e, A udit, Ris k a nd Member s hip C o mmittee

Peter BR A M P TO N •

Co n s u lt at i v e D i re c t o r

•

Ch a ir man , Ma rri o t t I nt e rna t i o na l A N ZP Bus ines s C o unc il

•

G e n e ral M a na g e r, T he We s t i n P e rt h

M elis s a K A R L S O N • •

Co n s u lt at i v e D i re c t o r ( R e - a p p o i nt e d 30 A ugus t 2022) M a n a g in g D i re c t o r W y l l i e G ro up

A n drew CA IRN S •

Co n s u lt at i v e D i re c t o r

•

Ac c o mmo da t i o n D i v i s i o n P re s i d e nt - A H A WA

• •

M e mb e r, F i na nc e , A ud i t , R i s k a nd M ember s hip C o mmittee Exe c u t ive G e ne ra l Ma na g e r, C rown H o tels P er th

Nigel K EEN •

Co n s u lt at i v e D i re c t o r

•

D ire c t o r. E x hi b i t i o n a nd E v e nt A s s o c ia tio n o f A us tra la s ia ( EEA A ) N o te: ends in D ec ember 2023

• • • •

(F )

G e n e ral M a na g e r, P e rt h C o nv e nt i o n Exhibitio n C entre & D irec to r H o s pita lity WA D ire c t o r, B us i ne s s E v e nt C o unc i l A u s tra lia ( BEGA ) N o te: ends in N ovember 2023 D ire c t o r, A us t ra l i a n B us i ne s s E v e nt s A s s o c ia tio n ( A BEA ) D ire c t o r, Ke e n2 c o nne c t

MEMBERS GUARANTEE

B u s in e ss Eve nt s P e rt h i s a C o m p a ny l i m ited by gua ra ntee. I f the C o mpa ny is wo und up, the constitution states that each m em ber is required to c o n t r ib u t e a m a x i m um o f $ 2 0 e a c h towa rds meeting a ny o uts ta nding o bliga tio ns o f the Com pany. At 30 June 2023, the total am ount that me mb e r s o f t h e C o m p a ny a re l i a b l e t o c o ntr ibute if the C o mpa ny is wo und up is $2, 560 ( 2022: $2,420).

COMPANY SECRETARY

Th e fo llow in g p e rs o n he l d t he p o s i t i o n o f c o mpa ny s ec reta r y a t the end o f the fina nc ia l year: P at r ic ia Elizabe t h Mc K a y ha s b e e n t he c o mpa ny s ec reta r y s inc e 23 Ma y 2019.

MEETINGS OF DIRECTORS

D u r in g t h e fin a nc i a l y e a r, 1 5 m e e t i ng s o f D irec to r s ( inc luding C o mmittees o f D irec to r s ) were held. Attendances by each Director during the ye a r w e re a s f o l l ows :

B OA R D O F D IR EC TO R S ’ M EET ING S NU M B ER EL IG IB L E TO AT T END

NU M B ER AT T ENDED

FI NA NCE, A UD I T, R I SK A ND M EM B ER SHI P COM M I T T EE M EET I NGS NUM B ER EL I GI B L E TO

NUM B ER AT T END ED

Renee Julia BENNET T

Peter BRA MPTON

A ndrew CA IRN S

Peter CHIN

Eugene DE VIL LI ER S

Ian Phi l i p GAY

Mel i s s a KA RL S O N

Ni gel KEE N

Brian MCHENRY

Michael S COT T

Dani cia QUINLA N

Bradl ey WOOD S

T h e B o a rd als o ha s a n A p p o i nt m e nt s a n d Remunera tio n C o mmittee whic h meets o n a n ‘a s needs’ basis.

AT T END

AUDITOR’S INDEPENDENCE DECLARATION

Th e le a d a u d it o r ’s i nd e p e nd e nc e d e c l a ra tio n in a c c o rda nc e with s ec tio n 307C o f the C o r porations Act 2001, for the year ended 30 June 2023 h a s b e e n re c e i v e d a nd c a n b e f o und o n pa ge 7 o f the fina nc ia l repo r t. Sig n e d in a c c o rd a nc e wi t h a re s o l ut i o n o f the Bo a rd o f D irec to r s : D ire c t o r :

B ra d ley WO O D S D at e d t h is 2 8 d a y o f S e p t e m b e r 2 0 2 3

OPTUS STADIUM

21 37

STATEM E NT O F PR O F IT O R L OSS A N D OT HE R COMP R E HE N S I VE I NCO ME F OR THE Y EA R ENDED 3 0 J U N E 2 0 2 3 N o te

2023 $

2022

R eve n u e

11,755,864

6,265,405

F in a n c e in c o m e

233,156

42,836

(2,724,690)

(1,942,065)

(177,025)

(181,439)

(504,679)

(337,645)

(7,207,864)

(2,991,908)

Ma r k e t in g exp e ns e s

(844,158)

(614,024)

Ot h e r ex p e n s e s

(476,724)

(162,678)

R ECUR R ENT

E mp loye e b e ne f i t s ex p e ns e D e p re c ia t io n a nd a m o rt i s a t i o n ex p e ns e

A d min is t ra t io n ex p e ns e s Bu s in e ss d ev e l o p m e nt ex p e ns e s

F in a n c e ex p e ns e s

(12,630)

(11,141)

Re c u r re n t o pe ra t i ng p ro f i t

41,250

67 341

200,000

N ON- R ECUR RE N T L e ss o r fit o u t c o nt ri b ut i o n N o n - recu r rent o p e ra t i ng p ro f i t

200,000

P ro fit befo re i nc o m e t a x

241,250

67,341

241,250

67 341

241,250

67 341

I n c o me t a x ex p e ns e

2( b)

P ro fit fo r t h e y e a r O th er co m pre he nsi ve i nc o m e f o r t he y ea r, net of ta x To ta l co m pre he nsi ve i nc o m e f o r t he y ea r

T h e a c c o mp a n y i n g n o te s f o r m p a r t o f th e s e f i n a n c i a l s tat em ent s.

STATEM E NT O F F INA NC IA L P OS I T I ON AS AT 3 0 JU NE 20 23 N o te

2023 $

2022 $

Ca sh a n d c as h e q ui v a l e nt s

20,370,605

17,083,995

Tra d e a n d o t he r re c e i v a b l e s

653,572

187,749

O t h e r as se t s

157,465

82,944

21,181,642

17,354,688

ASSETS CU R R ENT ASS E T S

TOTAL CU R R E N T A S S E T S NO N- CU R R EN T A S S E T S P ro p e r t y, p la nt a nd e q ui p m e nt

368,655

33,439

R ig h t - o f- u se a s s e t

939,498

126,907

1,308,153

160,346

22,489,795

17,515,034

TOTAL NO N- C URRE N T A S S E T S TOTAL ASSETS

LIABILITIES CU R R ENT L I A B I L I T I E S Tra d e a n d o t he r p a y a b l e s

8,201,797

3,458,512

Co n t rac t liabi l i t i e s

3,665,431

3,131,877

L e as e lia b iliti e s

114,831

143,069

Emp loye e b e ne f i t s

362,976

279,789

12,345,035

7,013,247

TOTAL CU R R E N T L I A B I LI T I E S

T h e a c c o m p a n y i n g n o te s f o r m p a r t o f th e s e f i n a n c i a l s ta t em ent s.

NO N- CU R R EN T L I A B I LI T I E S Trad e an d o the r p a y a b l e s

7,441,186

6,447,973

Co n t ra c t lia b i l i t i e s

853,320

3,258,696

L e a se liab ilit i e s

833,320

Emp loye e b e ne f i t s

23,450

42,884

9,151,276

9,749,553

21,496,311

16,762,800

993,484

752,234

R e t a in e d e a rni ng s

993,484

752,234

TOTAL EQ U I T Y

993,484

752,234

TOTAL NO N- C URRE N T LI A B I LI T I E S TOTAL L I AB I LI T I E S NET ASSETS

EQUITY

T h e a c c o mp a n y i n g n o te s f o r m p a r t o f th e s e f i n a n c i a l s tat em ent s.

STATEM E NT O F C H A NG E S I N E QU I T Y F OR THE Y EA R ENDED 3 0 J U N E 2 0 2 3 2023 RETAINED EARNINGS $

TOTA L $

Balance at 1 July 2022

752,234

P ro fit a t t r ib ut a b l e t o m e m b e rs o f t he entity

241,250

Balance at 30 June 2023

993,484

RETAINED EARNINGS $

TOTA L $

684,893

67,341

752,234

2022

Balance at 1 July 2021 P ro fit a t t r ib ut a b l e t o m e m b e rs o f t he entity

Balance at 30 June 2022

T h e a c c o m p a n y i n g n o te s f o r m p a r t o f th e s e f i n a n c i a l s ta t em ent s.

STATEM E NT O F C A S H F L O WS F OR THE Y EA R ENDED 3 0 J U N E 2 0 2 3 2023

2022

828,251

392,503

Se r vic e fe e a nd f und i ng re c e i v e d

11,646,664

6,488,851

P ayme n t s t o s up p l i e rs a nd e m p l oy e e s

(8,554,571)

(5,105,817)

In t e re st re c e i v e d

129,198

63,761

In t e re st ex p e ns e o n l e a s e l i a b i l i t i e s

(12,630)

(11,141)

(230,552)

(136,726)

3,806,360

1,691,431

P u rc h a se o f p ro p e rt y, p l a nt a nd e q ui pment

(358,489)

(17,113)

Ne t c as h u s e d i n i nv e s t i ng a c t i v i t i e s

(358,489)

(17,113)

R e p a yme n t s o f l e a s e l i a b i l i t i e s

(161,261)

(178,201)

Ne t c as h u s e d i n f i na nc i ng a c t i v i t i e s

(161,261)

(178,201)

Ne t in c re a se i n c a s h a nd c a s h e q ui v a l ents held

3,286,610

1,496,117

Cas h an d c a s h e q ui v a l e nt s a t b e g i nni n g o f y ea r

17,083,995

15,587,878

20,370,605

17,083,995

N o te

CASH FLOWS FROM OPERATING ACTIVITIES: R e c e ip t s fro m c us t o m e rs

Sh o r t - t e r m, l ow- v a l ue a nd v a ri a b l e l e a s e pa y ments Ne t c as h p rov i d e d by o p e ra t i ng a c t i v i ties

21( b)

CASH FLOWS FROM INVESTING ACTIVITIES:

CASH FLOWS FROM FINANCING ACTIVITIES:

Cas h an d c a s h e q ui v a l e nt s a t e nd o f f ina nc ia l y ea r

21( a )

T h e a c c o mp a n y i n g n o te s f o r m p a r t o f th e s e f i n a n c i a l s tat em ent s.

NOTES TO TH E F INA NC IA L S T A T E ME N T S F OR THE Y EA R ENDED 3 0 J U N E 2 0 2 3 Th e fin a n c ial s t a t e m e nt s c ov e r B us i ne s s Events P er th ( the ' C o mpa ny ' ) a s a n individua l entity. Business Events Perth is a public com pany li mit e d by g u a ra nt e e , i nc o rp o ra t e d a nd do mic iled in A us tra lia .

Th e p r in c ip al a c t i v i t i e s o f t he C o m p a ny fo r the y ea r ended 30 J une 2023 were to ma r k et the State of Western Australia and Perth as a

p re fe r re d c o n v e nt i o n, ex hi b i t i o n a nd i n c entive tra vel des tina tio n; a s s is t o rga nis er s in the w inning and prom otion of their business events in We s t e r n Au s t ra l i a ; a nd i m p l e m e nt a t i o n o f ma r k eting a nd s a les pro jec ts a nd a c tivities a s approved by Tourism Western Australia.

Th e fin a n c ial s t a t e m e nt a m o unt s a re pres ented in A us tra lia n do lla r s unles s s ta ted o ther wise. The Com pany presents am ounts rounded to the n e a re s t w h o le d o l l a r i n a c c o rd a nc e wi t h A S I C C o r po ra tio ns ( Ro unding in F ina nc ia ls /D irec tors' R eports) Instrum ent 2016/ 191 and Am endm ent Ins t r u me n t 2 0 2 2 /5 1 9 .

Co mp arat ive s a re c o ns i s t e nt wi t h p ri o r y ea r s , unles s o ther wis e s ta ted.

BASIS OF PREPARATION

Th e fin a n c ial s t a t e m e nt s a re g e ne ra l p ur po s e fina nc ia l s ta tements tha t ha ve been prepa red in accordance w ith Australian Accounting St a n d a rd s - Si m p l i f i e d D i s c l o s ure s , I nt er preta tio ns o f the A us tra lia n A c c o unting S ta nda rds Board, and the Corpora tions Act 2 0 0 1 . The Co mp an y is a no t - f o r- p ro f i t e nt i t y f o r fina nc ia l repo r ting pur po s es under A us tra lia n A c c ounting Standards.

Th e fin a n c ial s t a t e m e nt s c o m p l y wi t h Aus tra lia n A c c o unting S ta nda rds - S implified D is c losures. They com ply w ith the recognition and

me as u re me n t re q ui re m e nt s o f A us t ra l ia n A c c o unting S ta nda rds , their pres enta tio n requirem ents as m odified by AASB 1060 Genera l P urpose Fin a n c ia l S t a t e m e nt s - S i m pl i f i e d Di s c l o s ure s for For -Profit and Not-for -Profit Tie r 2 E ntitie s , and the disclosure requirem ents of AASB 1060.

Th e fin a n c ial s t a t e m e nt s , exc e p t f o r t h e c a s h flow info r ma tio n, ha ve been prepa red o n a n accruals basis and are based on historical costs mo d ifie d , w h e re a p p l i c a b l e , by t he m e a s urement a t fa ir va lue o f s elec ted no n-c ur rent a s sets, financial assets and financial liabilities.

Sig n ific an t a c c o unt i ng p o l i c i e s a d o p t e d in the prepa ra tio n o f thes e fina nc ia l s ta tements are presented below and are consistent w ith prior re p o r t in g p e r i o d s unl e s s o t he rwi s e s t a ted.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A)

REVENUE AND OTHER INCOME

R eve n u e is re c o g ni s e d whe n t he b us i nes s is entitled to it. R ev en u e fro m c o nt ra c t s wi t h c ust o m ers Th e c o re p r in c i p l e o f A A S B 1 5 i s t ha t revenue is rec o gnis ed o n a ba s is tha t reflec ts the transfer of prom ised goods or services to custom ers at a n amo u n t t ha t re f l e c t s t he c o ns i d e ra tio n the C o mpa ny expec ts to rec eive in exc ha nge for those goods or services. R evenue is recognised by a p p lyin g a fiv e - s t e p m o d e l a s f o l l ows : 1.

I d e n t ify t h e c o nt ra c t wi t h t he c us t o mer

I d e n t ify t h e p e rf o rm a nc e o b l i g a t i o ns

D e t e r min e t he t ra ns a c t i o n p ri c e

Allo c at e t he t ra ns a c t i o n p ri c e t o t h e per fo r ma nc e o bliga tio ns

R e c o g n ise rev e nue a s a nd whe n c o n tro l o f the per fo r ma nc e o bliga tio ns is tra ns fer red

Ge n e ra lly t h e t i m i ng o f t he p a y m e nt f or s a le o f go o ds a nd render ing o f s er vic es c o r res ponds closely to the tim ing of satisfaction of the

p e r fo r man c e o b l i g a t i o ns , howev e r whe re there is a differenc e, it will res ult in the rec o gn ition of a receivable, contract asset or contract lia b ilit y.

No n e o f t h e rev e nue s t re a m s o f t he C ompa ny ha ve a ny s ignific a nt fina nc ing ter ms a s there is less than 12 m onths betw een receipt of funds a n d sa t is fa c t i o n o f p e rf o rm a nc e o b l i g atio ns . Re nd e r i ng o f s e r v i c e s R eve n u e in re l a t i o n t o re nd e ri ng o f s e r vic es is rec o gnis ed a t a po int in time when the given perform ance obligation is m et, that is, w hen

c lie n t s re c e ive s a nd c o ns um e s t he b e n efits o f the s er vic es a s the C o mpa ny provides them, the revenue recognition m odel is based on the t ime e lap s e d o ut p ut m e t ho d .

A re c e iva b le i n re l a t i o n t o t he s e s e rv i c es is rec o gnis ed when a bill ha s been is s ued, a s th is is the point in tim e that the consideration is u n c o n d it io n al b e c a us e o nl y t he p a s s a ge o f time is required befo re the pa y ment is due. O p e rat i ng g ra n t s Wh e n t h e Co m p a ny re c e i v e s o p e ra t i ng gra nt revenue fro m gover nment, it a s s es s es whether the contract is enforceable and has sufficiently sp e c ific p e r fo rm a nc e o b l i g a t i o ns i n a c co rda nc e to A A S B 15. Wh e n b o t h t he s e c o nd i t i o ns a re s a t i s f i e d, the C o mpa ny : •

i d e nt i t i e s ea c h p e r f or m a n c e ob l i g a tion re la ting to the gra nt;

•

re c o g ni s es a c on t ra c t l i a b i l i t y f or its obliga tions unde r the a gre e m e nt; a nd

•

re c o g ni s es rev e n u e a s i t s a t i s f i es its pe rform a nce obliga tions.

Wh e re t h e c o nt ra c t i s no t e nf o rc e a b l e or do es no t ha ve s uffic iently s pec ific per fo r ma nc e obligations, the Com pany: •

re c o g n is e s t he a s s e t re c e i v e d i n a c c o rda nc e with the rec o gnitio n requirements o f o th er applicable accounting standards (for exam ple

•

re c o g n is e s re l a t e d a m o unt s ( b e i ng c o ntr ibutio ns by owner s , lea s e lia bility, fina nc ia l in strum ents, provisions, revenue or contract liability

•

re c o g n is e s i nc o m e i m m e d i a t e l y i n pro fit o r lo s s a s the differenc e between the initia l carrying am ount of the asset and the related

AASB 9 , AA S B 1 6 , A A S B 1 1 6 a nd A A S B 138) ;

ar is in g fro m a c o nt ra c t wi t h a c us t omer ) ; a nd

amo u n t .

If a c o n t ra c t li a b i l i t y i s re c o g ni s e d a s a rela ted a mo unt a bove, the C o mpa ny rec o gnis es in com e in profit or loss w hen or as it satisfies its o b lig at io n s u nd e r t he c o nt ra c t . Sp o ns o r s hi p rev en u e D ire c t s p o n s o rs hi p rev e nue re p re s e nt s c a s h a c quired in exc ha nge fo r va lue a wa rded to a sponsor (e.g. nam e recognition, nam ing rights etc).

M a n a g e me n t ha s a s s um e d t ha t v a l ue provided in exc ha nge fo r c a s h is a wa rded over the term of the contract. Therefore, revenue recognition

o f c as h sp o n s o rs hi p i s s p re a d ev e nl y over the ter m o f the c o ntra c t to ma tc h the va lue provided as this is w hen the perform ance obligation is me t .

Sub s c r i p t i o ns R eve n u e fro m t he p rov i s i o n o f m e m b e rs hip s ubs c r iptio ns is rec o gnis ed over the membership period this is w hen the perform ance obligation is me t .

I nt e re s t rev en u e Int e re st reve nue i s re c o g ni s e d us i ng t he effec tive interes t metho d. G ai n o n d i s p os a l of n on - c u r re n t a s s e ts Wh e n a n o n - c urre nt a s s e t i s d i s p o s e d , the ga in o r lo s s is c a lc ula ted by c o mpa r ing pro c ee ds received w ith its carrying am ount and is taken to p ro fit o r lo s s.

O t he r i nc o m e O t h e r in c o me i s re c o g ni s e d o n a n a c c ru a ls ba s is when the C o mpa ny is entitled to it.

(B)

INCOME TAX

Th e Co mp an y i s exe m p t f ro m i nc o m e t ax under D ivis io n 50-40 o f the I nc o me Ta x A s s es s ment Act 1997. Ac c o rd in g ly, no i nc o m e t a x ex p e ns e i s rec o gnis ed in the fina nc ia l s ta tements .

(C)

GOODS AND SERVICES TAX (GST)

R eve n u e , ex p e ns e s a nd a s s e t s a re re c o gnis ed net o f the a mo unt o f go o ds a nd s er vic es tax (GST), except w here the am ount of GST incurred is n o t re c ove ra b l e f ro m t he A us t ra l i a n Ta xa tio n Offic e ( ATO) . R e c e iva b le s a nd p a y a b l e a re s t a t e d i nc lus ive o f GS T.

Cas h flow s in t he s t a t e m e nt o f c a s h f l ows a re inc luded o n a gro s s ba s is a nd the GS T c o mponent of cash flow s arising from investing and fi n an c in g a c t i v i t i e s whi c h i s re c ov e ra b le fro m, o r pa y a ble to , the ta xa tio n a utho r ity is c la ssified as operating cash flow s.

(D)

PROPERTY, PLANT AND EQUIPMENT

Eac h c las s o f p ro p e rt y, p l a nt a nd e q ui pment is c a r r ied a t c o s t o r fa ir va lue les s , where a pplicable, any accum ulated depreciation and im p air me n t .

P l ant and e q u i p m en t P la n t an d e q u i p m e nt a re m e a s ure d us ing the c o s t mo del. P ro p e r t y, p la nt a nd e q ui p m e nt , i s d e p rec ia ted o n a reduc ing ba la nc e o r s tra ight line ba s i s over the assets useful life to the Com pany, c o mme n c in g whe n t he a s s e t i s re a d y f or us e.

Th e d e p re c iati o n ra t e s us e d f o r e a c h c la s s o f deprec ia ble a s s et a re s hown below: F i xe d as s e t c l a s s P la n t an d Eq u i p m e nt

D e p rec i a t ion ra te 5 - 40%

At t h e e n d o f e a c h a nnua l re p o rt i ng p er io d, the deprec ia tio n metho d, us eful life a nd res idual value of each asset is review ed. Any revisions are a c c o u n t e d f o r p ro s p e c t i v e l y a s a c ha nge in es tima te.

G ain s a n d lo s s e s o n d i s p o s a l s a re d e t e r mined by c o mpa r ing pro c eeds with the c a r r y ing am ount. These gains and losses are recognised in p ro fit o r lo s s i n t he p e ri o d i n whi c h t hey a r is e.

(E)

FINANCIAL INSTRUMENTS

I ni t i al re c o g n i t i on a n d m ea s u re m e n t F in an c ia l as se t s a nd f i na nc i a l l i a b i l i t i e s a re rec o gnis ed when the C o mpa ny bec o mes a pa rty to the contractual provisions to the instrum ent.

F o r fin a n c ial a s s e t s , t hi s i s t he d a t e t hat the C o mpa ny c o mmits its elf to either the purc hase or sale of the asset (i.e. trade date accounting is ad o p t e d ).

Fin a n c ial in s t rum e nt s ( exc e p t f o r t ra d e rec eiva bles ) a re initia lly mea s ured a t fa ir va lue pl us transaction costs, except w here the instrum ent is c las sifie d "at f a i r v a l ue t hro ug h p ro f i t o r lo s s ", in whic h c a s e tra ns a c tio n c o s ts a re expen sed to profit or loss im m ediately. Where available, q u o t e d p r ic e s i n a n a c t i v e m a rke t a re us ed to deter mine fa ir va lue. I n o ther c irc ums ta nc e s, valuation techniques are adopted.

Tra d e re c e iva b l e s a re i ni t i a l l y m e a s ure d a t the tra ns a c tio n pr ic e if the tra de rec eiva bles do not contain significant financing com ponent. F i nanc i al as set s All re c o g n ise d f i na nc i a l a s s e t s a re s ub sequently mea s ured in their entirety a t either a mortised cost or fair value, depending on the c las sific at io n o f t he f i na nc i a l a s s e t s . C la ssif ic a t ion O n in it ia l re c o g ni t i o n, t he C o m p a ny c l as s ifies its fina nc ia l a s s ets into the fo llowing c a tegories, those m easured at: •

a mo r t ise d c o s t

•

fair va lu e t hro ug h p ro f i t o r l o s s - F V TP L

•

fair va lu e t hro ug h o t he r c o m p re he n s ive inc o me - equity ins tr ument ( F VOC I - equity )

•

fair va lu e t hro ug h o t he r c o m p re he n s ive inc o me - debt inves tments ( F VOC I - debt)

Fin a n c ial a ss e t s a re no t re c l a s s i f i e d s u bs equent to their initia l rec o gnitio n unles s the C o m pany changes its business m odel for m anaging fin an c ia l as se t s . Am o r t ise d c o s t Ass e t s me as ure d a t a m o rt i s e d c o s t a re fina nc ia l a s s ets where: •

t h e b u sin e s s m o d e l i s t o ho l d a s s e ts to c o llec t c o ntra c tua l c a s h flows ; a nd

•

t h e c o n t ra c t ua l t e rm s g i v e ri s e o n spec ified da tes to c a s h flows a re s o lely pa y ments of principal and interest on the principal am ount o u t st a n d ing .

T h e Co mp a n y 's f i na nc i a l a s s e t s m e a s ured a t a mo r tis ed c o s t c o mpr is e tra de a nd o ther receivables and cash and cash equivalents in the s t at e me n t o f f i na nc i a l p o s i t i o n.

S u b s e q u e n t t o i ni t i a l re c o g ni t i o n, t he se a s s ets a re c a r r ied a t a mo r tis ed c o s t us ing the effective interest rate m ethod less provision for imp air me n t .

In t e re s t in c o m e , f o re i g n exc ha ng e g a i n s o r lo s s es a nd impa ir ment a re rec o gnis ed in pro fit or loss. Gain or loss on derecognition is re c o g n is e d in p ro f i t o r l o s s . Fi nanc i al l i ab i l i t i e s T h e Co mp a n y m e a s ure s a l l f i na nc i a l l i abilities initia lly a t fa ir va lue les s tra ns a c tio n c o s ts, subsequently financial liabilities are m easured at a mo r t ise d c o s t us i ng t he e f f e c t i v e i nt eres t ra te metho d.

T h e fin an c ia l l i a b i l i t i e s o f t he C o m p a ny c o mpr is e tra de pa y a bles , ba nk a nd o ther lo a ns a nd finance lease liabilities.

(F)

CASH AND CASH EQUIVALENTS

C a sh a n d c as h e q ui v a l e nt s c o m p ri s e s c a s h o n ha nd, dema nd depo s its a nd s ho r t-ter m investm ents w hich are readily convertible to know n a mo u n t s o f c a s h a nd whi c h a re s ub j e c t to a n ins ignific a nt r is k o f c ha nge in va lue.

( G)

LEASES

A t in c e p t io n o f a c o nt ra c t , t he C o m p a ny a s s es s es whether a lea s e exis ts , i. e. do es the c o ntract convey the right to control the use of an id e n t ifie d a ss e t f o r a p e ri o d o f t i m e i n exc ha nge fo r c o ns idera tio n. T h e Com p a n y a s a l e s s ee T h e Co mp a n y re c o g ni s e s l e a s e l i a b i l i t i es to ma k e lea s e pa y ments a nd r ight-o f-us e a s s ets representing the right to use the underlying assets if t h e re a re le a s e s p re s e nt . Howev e r, a ll c o ntra c ts tha t a re c la s s ified a s s ho r t ter m lea s es (lease w ith rem aining lease term of 12 m onths or

le ss ) a n d le a s e s o f l ow v a l ue a s s e t s a re rec o gnis ed a s a n o pera ting expens e o n a s tra ight-line basis over the term of the lease. The non-lease c o mp o n e n t s i nc l ud e d i n t he l e a s e a g reement ha ve been s epa ra ted a nd a re rec o gnis ed a s an expense as incurred.

(i)

Ri g ht - of - u s e a s s et

R ig h t - o f- u se a s s e t s a re re c o g ni s e d a t the c o mmenc ement da te o f the lea s e ( i. e. the da te the underlying asset is available for use). R ight-of-

u se as se t s a re m e a s ure d a t c o s t , l e s s a ny a c c umula ted deprec ia tio n a nd a ny impa ir ment losses, and adjusted for any rem easurem ent of lease lia b ilit ie s. Th e c o s t o f ri g ht - o f us e a s s ets inc ludes the a mo unt o f lea s e lia bilities rec o gnised, initial direct costs incurred, and lease paym ents ma d e a t o r b e f o re t he c o m m e nc e m e nt da te les s a ny lea s e inc entives rec eived. Right-o f-u se assets are depreciated on a straight-line basis ove r t h e sh o rt e r o f t he l e a s e t e rm s a nd the es tima ted us eful lives o f the a s s ets a s fo llows: B u ild in g

6 y e a rs

I f ow n e r s h ip o f t he l e a s e d a s s e t t ra ns f er s to the C o mpa ny by the end o f the lea s e ter m or the cost reflects the exercise of a purchase option, d e p re c ia t io n i s c a l c ul a t e d us i ng t he e stima ted us eful life o f the a s s et. (ii)

Le as e l i a b i l i t i e s

L e as e lia b ilit ie s a re re c o g ni s e d a t t he c o mmenc ement da te o f the lea s e a t the pres ent value of lease paym ents to be m ade over the lease t e r m. Th e le a s e p a y m e nt s i nc l ud e d i n the mea s urement o f the lea s e lia bility a re a s fo llow s: •

fixe d p aym e nt s ( i nc l ud i ng i n- s ub s t anc e fixed pa y ments ) les s a ny lea s e inc entives rec e ivable;

•

var ia b le le a s e p a y m e nt s t ha t d e p e nd . o n a n index o r a ra te, initia lly mea s ured us ing the index or rate at the com m encem ent date;

•

t h e a mo u n t s ex p e c t e d t o b e p a y a b l e by the les s ee under res idua l va lue gua ra ntees ;

•

t h e exe rc is e p ri c e o f a p urc ha s e o ptio n rea s o na bly c er ta in to be exerc is ed by the C o m pany;

•

le as e p a ym e nt s und e r ex t e ns i o n o ptio ns if the les s ee is rea s o na bly c er ta in to exerc is e the options; and

•

p a yme n t s o f p e na l t i e s f o r t e rm i na tio n o f a lea s e, if the lea s e ter m reflec ts the C o mpany exercising the option to term inate the lease.

Th e var ia b le l e a s e p a y m e nt s t ha t d o not depend o n a n index o r a ra te a re rec o gnis ed a s an expense in the period in w hich the event or c o n d it io n t h a t t ri g g e rs t he p a y m e nt o c c ur s .

I n c alc u lat in g t he p re s e nt v a l ue o f l e a s e pa y ments , the C o mpa ny us es its inc rementa l bo rrow ing rate at the lease com m encem ent date

be c au se t h e i nt e re s t ra t e i m p l i c i t i n t he lea s e is no t rea dily deter mina ble. A fter the c o mm encem ent date, the am ount of lease liabilities is

in c re as e d t o re f l e c t t he a c c re t i o n o f i nteres t a nd reduc ed fo r the lea s e pa y ments ma de. In addition, the carrying am ount of lease liabilities is re me a su re d i f t he re i s a m o d i f i c a t i o n, a c ha nge in the lea s e ter m, a c ha nge in lea s e paym ents (e.g., a change to future lease paym ents re s u lt in g fro m a c ha ng e i n a n i nd ex o r ra te) o r a c ha nge in a s s es s ment o f a n o ptio n to pu rchase the underlying asset. (i i i )

Ad o p t ion of s h or t t er m l ea s e s or low v a lue a sse t exce ption Th e Co m p a ny ha s e l e c t e d t o a p ply the rec o gnitio n exemptio n fo r lea s es o f low-va lue assets to lease of photocopier that is considered t o b e l ow v a l ue .

L e a se p a y m e nt s o n s ho rt - t e rm lea s es a nd lea s es o f low-va lue a s s ets a re rec o gnis ed as an expense on a straight-line basis over the le a se t e rm .

( H)

EMPLOYEE BENEFITS

P rovisio n is m a d e f o r t he C o m p a ny 's l i ability fo r employ ee benefits a r is ing fro m s er vic es rendered by em ployees to the end of the reporting pe r io d . Emp loy e e b e ne f i t s t ha t a re ex pec ted to be who lly s ettled within o ne y ea r ha ve been m easured at the am ounts expected to be paid wh e n t h e liabi l i t y i s s e t t l e d .

E mp loye e b e ne f i t s ex p e c t e d t o b e s e t t led mo re tha n o ne y ea r a fter the end o f the repo r ting period have been m easured at the present value o f t h e e s t ima t e d f ut ure c a s h o ut f l ows to be ma de fo r tho s e benefits . I n deter mining the liability, consideration is given to em ployee w age in c re as e s an d t he p ro b a b i l i t y t ha t t he employ ee ma y s a tis fy ves ting requirements . C a s hflow s are discounted using m arket yields on high

qu a lit y c o r p o ra t e b o nd ra t e s i nc o rp o rating bo nds ra ted A A A o r A A by c redit a genc ies , with term s to m aturity that m atch the expected tim ing o f c a sh flow s . C ha ng e s i n t he m e a s ure m ent o f the lia bility a re rec o gnis ed in pro fit o r lo s s.

( I)

PROVISIONS

P rovisio n s a re re c o g ni s e d whe n t he C ompa ny ha s a lega l o r c o ns tr uc tive o bliga tio n, a s a result of past events, for w hich it is probable that an o u t flow o f e c o no m i c b e ne f i t s wi l l re s ul t a nd the o utflow c a n be relia bly mea s ured.

( J)

ECONOMIC DEPENDENCE

Bu s in e ss Eve nt s P e rt h i s d e p e nd e nt o n To ur is m Wes ter n A us tra lia fo r the ma jo r ity o f its revenue used to operate the business. At the date of th is re p o r t t h e d i re c t o rs ha v e no re a s on to believe tha t To ur is m Wes ter n A us tra lia will not continue to support Business Events Perth.

(K)

COMPARATIVE FIGURES

Wh e n re q u ire d by A c c o unt i ng S t a nd a rds , c o mpa ra tive figures ha ve been a djus ted to c o nf orm to changes in presentation for the current fi n an c ia l ye a r.

(L)

ADOPTION OF NEW, REVISED OR AMENDED ACCOUNTING STANDARDS

Th e Co mp an y ha s a d o p t e d a l l s t a nd a rds whic h bec a me effec tive fo r the fir s t time a t 30 J une 2023, the adoption of these standards has not c au se d an y m a t e ri a l a d j us t m e nt s t o t he repo r ted fina nc ia l po s itio n, per fo r ma nc e o r c a s h flow of the Com pany. •

AASB 2 0 2 0 - 3 A m e nd m e nt s t o A us t ra lia n A c c o unting S ta nda rds - A nnua l I mprovements 2018-2020 and Other Am endm ents Th e Co mp a ny a d o p t e d A A S B 2 0 2 0 - 3 whic h ma k es s o me s ma ll a mendments to a numbe r of standards including the follow ing: AASB 1, AASB 3 , AASB 9 , A A S B 1 1 6 , A A S B 1 3 7 a nd A A S B 141.

Th e ad o p ti o n o f t he a m e nd m e nt d i d no t ha ve a ma ter ia l impa c t o n the fina nc ia l s ta tem ents. •

AASB 2 0 2 1 - 7 a A m e nd m e nt s t o A us t ra lia n A c c o unting S ta nda rds - Effec tive D a te o f A m endm ents to AASB 10 and AASB 128 and Editorial Co r re c t io n s

AASB 2 0 2 1 - 7 a m a ke s v a ri o us e d i t o ria l c o r rec tio ns to a number o f s ta nda rds effec tive for reporting periods beginning on or after 1 J an u a r y 2 02 2 . T he a d o p t i o n o f t he a mendment did no t ha ve a ma ter ia l impa c t o n the financial statem ents. •

AASB 2 0 2 2 - 3 A m e nd m e nt s t o A us t ra lia n A c c o unting S ta nda rds - I llus tra tive Exa mples for Not-for-Profit Entities accom panying AASB 15 AASB 2 0 2 2 - 3 a m e nd s t he A us t ra l i a n illus tra tive exa mples fo r no t-fo r -pro fit entities a c com panying AASB 15 R evenue from Contracts w ith Cu s t o me r s t o i l l us t ra t e how A A S B 15 a pplies to the rec o gnitio n a nd mea s urement o f u pfront fees. The am endm ents do not change the re q u ire me nt s o f A A S B 1 5 .

Th e B a sis f o r C o nc l us i o ns a l s o d o c ument the Bo a rd's dec is io n to reta in the a c c o unting policy choice on an ongoing basis for NFP private s e c t o r le s s e e s t o e l e c t t o i ni t i a l l y mea s ure a c la s s o f ROU a s s ets a r is ing under c o nc es sionary leases at cost or at fair value. Th e ad o p ti o n o f t he a m e nd m e nt d i d no t ha ve a ma ter ia l impa c t o n the fina nc ia l s ta tem ents.

( M)

NEW ACCOUNTING STANDARDS AND INTERPRETATIONS

T h e AASB h as i s s ue d new a nd a m e nd e d A c c o unting S ta nda rds a nd I nter preta tio ns tha t have m andatory application dates for future reporting pe r io d s. Th e C o m p a ny ha s d e c i d e d no t to ea r ly a do pt thes e S ta nda rds . The fo llowing ta ble sum m arises those future requirem ents, and their imp ac t o n t h e C o m p a ny whe re t he s t a n da rd is releva nt: STA NDARD NA ME

E F F E CTI V E DAT E F O R E N TI T Y

REQUIREMENTS

AASB 2 0 2 1 - 2 : A m e nd m e nt s

A nnua l

The s ta nda rd a mends A A S B 7, A A S B 101, AASB 108, AASB 134 and AASB

St a n d a rd s - D i s c l o s ure o f

p e ri o d s

the I A S B o f the fo llowing I nter na tio na l Financial R eporting Standards:

t o Au s t ra lian A c c o unt i ng Ac c o u n t in g P o l i c i e s a nd

D e fin it io n o f A c c o unt i ng Est imat e s

AASB 2 0 2 2 - 7 : E d i t o ri a l

Co r re c t io n s t o A us t ra l i a n

Ac c o u n t in g S t a nd a rd s a nd R e p e a l o f Su p e rs e d e d a nd R e d u n d a n t S t a nd a rd s

re p o rt i ng b e g i nni ng o n o r after 30

J une 2 0 2 4 A nnua l

P ra c tic e S ta tement 2. Thes e a mendments arise from the issuance by

D is c lo s ure o f A c c o unting P o lic ies ( A mendments to IAS 1 and IFR S Practice

S ta tement 2) a nd D efinitio n o f A c c o unting Estim ates (Am endm ents to IAS

not yet know n.

The am endm ent

to A A S B

have a m aterial

b e g i nni ng o n

P ra c tic e S ta tement 2. I t a ls o fo r ma lly repe als superseded and

2024

initial application is

A A S B 2022-7 ma k es edito r ia l c o r rec tio ns to the follow ing standards:

A A S B 7, A A S B 116, A A S B 124, A A S B 128, A ASB 134 and AASB as w ell as

o r a f t e r 30 J une

The im pact of the

8) .

re p o rt i ng p e ri o d s

IMPACT

is not expected to im pact on the

redunda nt A us tra lia n A c c o unt S ta nda rds as set out in Schedules 1 and 2 financial statem ents to the S ta nda rd.

once adopted.

CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS

T h e d ire c t o r s m a ke e s t i m a t e s a nd j ud gments dur ing the prepa ra tio n o f thes e fina nc ia l s tatem ents regarding assum ptions about current and fu t u re eve n t s a f f e c t i ng t ra ns a c t i o ns a n d ba la nc es .

T h e se e st imate s a nd j ud g e m e nt s a re b a s ed o n the bes t info r ma tio n a va ila ble a t the time of preparing the financial statem ents, how ever as a d d it io n a l in f o rm a t i o n i s known t he n t he a c tua l res ults ma y differ fro m the es tima tes . T h e s ig n ific a nt e s t i m a t e s a nd j ud g e m ents ma de ha ve been des c r ibed below. K ey e s t i mat e s - In - k i n d s u p p or t T h e Co mp a n y re c e i v e d a s s i s t a nc e f ro m s o me o f its member s dur ing the y ea r in the fo r m of airfares, accom m odation, m eals and functions.

In t h e s e in s t a nc e s , t he C o m p a ny ha s t o a s s es s a bes t es tima te fo r the va lue o f this in-k in d support using values given by the m em bers w ho p rovid e d t h e i n- ki nd s up p o rt .

K ey j ud g m e nts - C on v en t i on f u n d i n g Th e Co mp an y ha s a n o b l i g a t i o n t o p ro mo te P er th a s a bus ines s event des tina tio n a nd ide ntify new event opportunities and bring them to We s t e r n Au s t ra l i a und e r t he c o nt ra c t w ith To ur is m Wes ter n A us tra lia . The va lua tio n o f c onvention funding for each conference or event re q u ire s ju d g e m e nt i n a s s e s s i ng t he v alue tha t the c o nferenc e o r event will br ing to the State, based on the calculated direct delegate

ex p e n d it u re (OD E ) o f t ha t c o nf e re nc e or event, e. g. event ty pe, number o f da y s fo r the event, num ber of attendees (including State, national an d in t e r n a t io na l ) a nd d i re c t c o m p e t i t io n fo r the c o nferenc e o r event. K ey j ud g m e nts - p e r f or m a n c e ob l i g a t ions unde r A A S B 15 To id e n t ify a pe rf o rm a nc e o b l i g a t i o n under A A S B 15, the pro mis e mus t be s uffic iently s pe cific to be able to determ ine w hen the obligation is sa t is fie d . M a na g e m e nt exe rc i s e s j ud g e ment to deter mine whether the pro mis e is s uffic ie ntly specific by taking into account any conditions sp e c ifie d in t he a rra ng e m e nt , ex p l i c i t o r implic it, rega rding the pro mis ed go o ds o r s er vices. In m aking this assessm ent, m anagem ent inc lu d e s t h e na t ure / t y p e , c o s t / v a l ue , qua ntity a nd the per io d o f tra ns fer rela ted to the goods or services prom ised. K ey j ud g m e nts - l e a s e t er m a n d op t i on to exte nd unde r A A S B 16 Th e le a se t e r m i s d e f i ne d a s t he no n- c a nc ella ble per io d o f a lea s e to gether with bo th periods covered by an option to extend the lease if the le ss e e is re a s o na b l y c e rt a i n t o exe rc i s e tha t o ptio n; a nd a ls o per io ds c overed by a n o ption to term inate the lease if the lessee is reasonably

c e r t a in n o t t o exe rc i s e t ha t o p t i o n. T he o ptio ns tha t a re rea s o na bly go ing to be exerc is ed is a key m anagem ent judgem ent that the Com pany w ill ma k e . Th e C o m p a ny d e t e rm i ne s t he lik elines s to exerc is e the o ptio ns o n a lea s e-by -le ase basis looking at various factors such as w hich as se t s a re st ra t e g i c a nd whi c h a re key to future s tra tegy o f the C o mpa ny. K ey j ud g m e nts - e m p l oy ee b en e f i t s F o r t h e p u r p o s e o f m e a s ure m e nt , A A S B119: Employ ee Benefits defines o bliga tio ns fo r s hort-term em ployee benefits as obligations expected to b e se t t le d w ho l l y b e f o re 1 2 m o nt hs a fter the end o f the a nnua l repo r ting per io d in wh ich the em ployees render the related services. As th e Co mp an y ex p e c t s t ha t m o s t e m p l oyees will no t us e a ll o f their a nnua l lea ve entitlements in the sam e year in w hich they are earned or d u r in g t h e 1 2- m o nt h p e ri o d t ha t f o l l ow s des pite a n info r ma l c o mpa ny po lic y tha t requires annual leave to be used w ithin 18 m onths, the

Co mp an y b e liev e s t ha t o b l i g a t i o ns f o r a nnua l lea ve entitlements s a tis fy the definitio n o f other long-term em ployee benefits and, therefore, are re q u ire d t o b e m e a s ure d a t t he p re s ent va lue o f the expec ted future pa y ments to be m ade to em ployees.

4. REVENUE

2023

2022

10,500,000

5,766,207

305,000

5,000

- EM D G

90,000

- M e mb e r su b s c ri p t i o ns

416,949

211,861

95,000

431,348

85,009

12,567

12,328

11,755,864

6,265,405

200,000

11,955,864

6,265,405

233,156

42,836

233,156

42,836

12,630

11,141

12,630

11,141

R e c u r re n t rev e nue : - Se r vic e fe e s - Sp o n s o r s h ip s

- B u sin e s s ev e nt s b o o s t /a d v a nc e p ro g ra m - I n d u st r y c o nt ri b ut i o n c o - o p e ra t i v e ma r k eting - Other

No n - re c u r re n t rev e nue : - L e ss o r fit o ut c o nt ri b ut i o n

5. FINANCE INCOME AND EXPENSES Fin a n ce in co m e In t e re st in c o m e - Ass e t s me as ure d a t a m o rt i s e d c o s t

Fin a n ce ex pe ns e s In t e re st ex p e ns e o n l e a s e l i a b i l i t y

6. RESULT FOR THE YEAR Th e re s u lt fo r t he y e a r i nc l ud e s t he f ollowing s pec ific expens es :

2023

2022 $

N o te D e p re c iat io n a nd a m o rt i s a t i o n D e p re c iat io n - p l a nt a nd e q ui p m e nt

23,273

12,228

D e p re c ia t i o n - ri g ht - o f - us e a s s e t s

153,752

169,211

177,025

181,439

B id d eve lo p m e nt

2,483,813

1,390,768

D e s t in at io n s p o ns o rs hi p

4,265,283

1,450,915

458,768

150,225

7,207,864

2,991,908

209,593

124,296

Cas h o n h a n d

Cas h at b an k

11,755,174

8,318,062

Sh o r t - t e r m ba nk d e p o s i t s

8,615,426

8,765,928

20,370,605

17,083,995

To t a l d e p re c i a t i o n a nd a m o rt i s a t i on B u s in e ss d ev e l o p m e nt ex p e ns e s

Sit e in sp e c t i o n To t al b u sin e s s d ev e l o p m e nt ex p e ns e s L ow - va lu e a s s e t l e a s e ex p e ns e s a nd o utgo ings

7. CASH AND CASH EQUIVALENTS

I n c lu d e d in c a s h a nd c a s h e q ui v a l e nt s is a n a mo unt o f $120, 000 ( 2022: $120, 000) whic h was not available for use by the Com pany. This a mo u n t re lat e s t o a s e t o f f a rra ng e m e n t with Ba nk o f Wes ter n A us tra lia fo r c redit c a rd facilities provided by the bank.

8. TRADE AND OTHER RECEIVABLES 2023 $

2022 $

Trad e re c e iva b l e s

96,752

67,749

B an k g u a ra nt e e

356,820

120,000

O t h e r re c e iva b l e s

200,000

653,572

187 749

31,555

60,992

125,910

21,952

157,465

82,944

N o te CU R R ENT

9. OTHER ASSETS CU R R ENT P re p a yme n t s Ac c r u e d in c o m e

10. PROPERTY, PLANT AND EQUIPMENT 2023

2022

319,915

At cost

130,981

209,170

A c c u mu la t e d d e p re c i a t i o n

(82,241)

(175,731)

To t a l p la n t an d e q ui p m e nt

48,740

33,439

368,655

33,439

P L ANT AND E Q UI P ME N T C a p it a l w o r k s i n p ro g re s s At cost

P lan t a n d e q ui p m e nt

To ta l pro pert y, p l a nt a nd e q ui p m e nt

(a )

M ov em e nt s i n C a rryi ng A m o unts M ove m e nt i n t he c a rry i ng a m o unts fo r ea c h c la s s o f pro per ty, pla nt a nd equipment betw een the beginning and the end of the current fin a n c i a l y e a r:

CAPITAL WORKS IN PROGRESS

PLANT AND EQUIPMENT

TOTA L

33,439

319,915

38,574

358,489

(23,273)

319,915

48,740

368,655

Yea r en ded 30 June 2 0 2 2 B alan c e a t t h e b e g i nni ng o f y e a r Ad d it io n s D e p re c iat io n ex p e ns e B a la n ce a t the e nd o f t he ye a r

11. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES Th e Co mp an y ha s a l e a s e c o nt ra c t f o r a n o ffic e us ed in its o pera tio ns . The lea s e ha s a term of 6 years. (a ) R igh t- o f- us e a s s e t s

2023

2022

At c o st

966,341

634,540

Ac c u mu lat e d d e p re c i a t i o n

(26,843)

(507,633)

To t al r ig h t - o f - us e a s s e t s

939,498

126,907

BUILDINGS

TOTA L

126,907

(153,752)

966,341

939,498

NO N- CU R R EN T B u ild in g s

(b) M ov em ent i n c a rry i ng a m o unt

Yea r en ded 30 June 2 0 2 3 B alan c e a t b e g i nni ng o f y e a r D e p re c iat io n c ha rg e Ad d it io n s t o ri g ht - o f - us e a s s e t s R e d u c t io n s in ri g ht - o f - us e a s s e t s d ue to c ha nges in lea s e lia bility B a la n ce a t e nd o f y e a r

(c )

L ea s e l i a b i l i t i e s

Th e mat u r it y a na l y s i s o f l e a s e l i a b i l i t i es ba s ed o n c o ntra c tua l undis c o unted c a s h flows is show n in the table below :

Lease liabilities

< 1 y ea r

1 - 5 y ea r s

> 5 years

169,984

145, 841

Total undiscounted

included in this

Statem ent Of

lease liabilities

Financial Position

785,942

185,716

1,141,642

948,151

145,841

143,069

2023 $

2022

114,831

143,069

114,831

143,069

NO N- CU R R EN T

833,320

L e a se liab ilit i e s

833,320

2023 L e a se liab ilit i e s

2022 L e a se liab ilit i e s

CU R R ENT L e a se liab ilit i e s

(d ) Sta temen t o f P ro f i t o r L o ss a nd O ther Comprehensiv e I nc ome Th e amo u n t s re c o g ni s e d i n t he s t a t e m ent o f pro fit o r lo s s a nd o ther c o mprehens ive inc o m e relating to leases w here the Com pany is a lessee are s h ow n b e l ow:

In t e re st ex p e ns e o n l e a s e l i a b i l i t y Va r iab le le as e p a y m e nt s no t i nc l ud e d in the mea s urement o f lea s e lia bilities Ex p e n s e s re la t i ng t o s ho rt - t e rm o r l ow va lue lea s es D e p re c iat io n - ri g ht - o f - us e a s s e t s

2023

2022

12,630

11,141

207,890

122,593

1,703

153,752

169,211

375,975

304,648

12. TRADE AND OTHER PAYABLES N o te

2023 $

2022 $

651,169

622,645

207,167

127,599

97,125

178,685

7,246,336

2,529,583

8,201,797

3,458,512

7,441,186

6,447,973

7,441,186

6,447,973

To u r ism We s t e rn A us t ra l i a s e rv i c e f e e s

579,257

925,893

To u r ism Au stra l i a p ro j e c t s f e e s

211,284

193,484

St ra t e g ic B u s i ne s s E v e nt s F und

1,341,329

112,500

Co n ve n t io n Bi d F und i ng a l l o c a t i o n

1,533,561

1,900,000

3,665,431

3 131 877

853,320

2,087,500

1,171,196

853,320

3,258,696

CU R R ENT Tra d e p a ya b l e s Cu r re n t G ST/ B A S l i a b i l i t i e s I n c o me in a d v a nc e Co n ve n t io n f und i ng a l l o c a t i o n

NO N- CU R R EN T Co n ve n t io n f und i ng a l l o c a t i o n

13. CONTRACT LIABILITIES CU R R ENT

NO N- CU R R EN T St ra t e g ic B u s i ne s s E v e nt s F und Co n ve n t io n Bi d F und i ng a l l o c a t i o n

To u r ism We ste rn A us t ra l i a s e rv i c e f e e s a nd To ur is m A us tra lia pro jec t fees a re enfo rc ea ble and has sufficiently specific perform ance obligations

in a c c o rd a n c e wi t h A A S B 1 5 . T he a m o unt rec eived a t tha t po int in time, is rec o gnis ed a s a contract liability until the perform ance obligations ha ve b e e n sa t i s f i e d .

14. EMPLOYEE BENEFITS 2023 $

2022 $

An n u al le ave p rov i s i o n

217,773

173,447

L o n g s e r vic e l e a v e p rov i s i o n

145,203

106,342

362,976

279,789

23,450

42,884

23,450

42,884

CU R R ENT

NO N- CU R R EN T L o n g s e r vic e l e a v e p rov i s i o n

P rovis io n fo r e m p l oy e e b e ne f i t s re p re s ents a mo unts a c c r ued fo r a nnua l lea ve a nd lo ng s e rvice leave. Th e c u r re n t p o rt i o n f o r t hi s p rov i s i o n i nc ludes the to ta l a mo unt a c c r ued fo r a nnua l lea ve entitlem ents and the am ounts accrued for long service le ave e n t it le m e nt s t ha t ha v e v e s t e d d ue to employ ees ha ving c o mpleted the required per i od of service. Based on past experience, the Com pany

d o e s n o t ex p e c t t he f ul l a m o unt o f a nnua l lea ve o r lo ng s er vic e lea ve ba la nc es c la s s ified as current liabilities to be settled w ithin the next 12 mo n t h s. H ow ev e r, t he s e a m o unt s m us t be c la s s ified a s c ur rent lia bilities s inc e the C o mpany does not have an unconditional right to defer the se t t le me n t o f t he s e a m o unt s i n t he ev e nt employ ees wis h to us e their lea ve entitlement.

Th e n o n - c u r re nt p o rt i o n o f t hi s p rov i s i o n inc ludes a mo unts a c c r ued fo r lo ng s er vic e lea v e entitlem ents that have not yet vested in relation to th o s e e mp loye e s who ha v e no t y e t c o m pleted the required per io d o f s er vic e.

In c alc u lat in g t he p re s e nt v a l ue o f f uture c a s h flows in res pec t o f lo ng s er vic e lea ve, th e probability of long service leave taken is based on h ist o r ic a l d at a . T he m e a s ure m e nt a nd rec o gnitio n c r iter ia rela ting to employ ee benefits have been disclosed in Note 2(h) to this report.

15.

CAPITAL AND CONTRACTUAL COMMITMENTS CONTRACTUAL COMMITMENTS

2023 $

2022 $

- n o lat e r t h a n o ne y e a r

1,473

1,135

- b e t w e e n o ne y e a r a nd f i v e y e a rs

5,650

7,123

1,135

No n - c an c e lla b l e c o m m i t m e nt s c o nt ra c ted fo r but no t c a pita lis ed in the fina nc ia l s ta tements P ayab le - min i m um l e a s e p a y m e nt s :

Th e n o n - c a n c e l l a b l e c o nt ra c t ua l c o m m itments rela te to the lea s e o f a pho to c o pier with rent payable m onthly for 60 m onths com m encing on 4 May 2023.

16.

FINANCIAL RISK MANAGEMENT

Th e Co mp an y i s ex p o s e d t o a v a ri e t y o f fina nc ia l r is k s thro ugh its us e o f fina nc ia l ins tr uments. F in an c ia l in st r um e nt s us e d Th e p r in c ip al c a t e g o ri e s o f f i na nc i a l i ns tr ument us ed by the C o mpa ny a re tra de rec eiva bles, cash at bank and trade and other payables:

N o te

2023 $

2022 $

F in a n cia l A ss e t s C a sh a n d c as h e q ui v a l e nt s

20,370,605

17,083,995

Tra d e a n d o t he r re c e i v a b l e s

653,572

187,749

21,024,177

17,271,744

To ta l fin a n ci a l a sse t s F in a n cia l L ia b i l i t i e s F in a n c ial lia b i l i t i e s a t a m o rt i s e d c o s t - Tra d e a n d o t he r p a y a b l e s

15,338,691

9,600,201

- L e as e lia b ili t i e s

948,151

143,069

16,286,842

9,743,270

To ta l fin a n ci a l l i a b i l i t i e s

17.

MEMBERS’ GUARANTEE

Th e Co mp an y i s i nc o rp o ra t e d und e r t he Cor porations A ct 2001 a nd is a C o mpa ny limited by guarantee. If the Com pany is w ound up, the

c o n s t it u t io n s t a t e s t ha t e a c h m e m b e r is required to c o ntr ibute a ma ximum o f$ 20 ea c h tow ards m eeting any outstandings and obligations of th e Co mp an y. A t 3 0 J une 2 0 2 3 t he num ber o f member s wa s 128 ( 2022: 121) .

18.

INTERESTS OF KEY MANAGEMENT PERSONNEL

P e r s o n s w h o ha v e a c t e d a s c ha i rp e rs o n dur ing the y ea r rec eived the a mo unt o f $41, 667 (2022: $35,620) including occupational

su p e ra n n u a t io n o f 1 0 . 5 % whe re a p p l i c able fo r a c ting in the po s itio n o f C ha ir per s o n. These am ounts have been included in the key man ag e me n t p e rs o nne l re m une ra t i o n below.

Th e t o t al re mune ra t i o n p a i d t o key m a na gement per s o nnel o f the C o mpa ny is $ 375, 942 (2022: $ 318,520). No o t h e r D ire c t o rs re c e i v e d a ny re m unera tio n fo r their s er vic es .

19.

AUDITORS' REMUNERATION

R e mu n e rat io n o f t he a ud i t o r D ry K i rknes s , fo r :

- a u d it in g o r rev i ewi ng t he f i na nc i a l s ta tements

2023 $

2022 $

20,000

15,000

20,000

15,000

20. RELATED PARTY TRANSACTIONS D u r in g t h e ye a r, t he C o m p a ny p urc ha s ed s er vic es fro m entities a s s o c ia ted with s o me o f the Directors. All transactions w ere m ade on norm al te r ms a n d c o nd i t i o ns , whi c h wo ul d ha v e been a do pted if dea ling a t a r m’s length.

21.

CASH FLOW INFORMATION

2023 $

2022 $

20,370,605

17,083,995

241,250

67,341

177,025

181,439

- (in c re a se ) /d e c re a s e i n t ra d e a nd o ther rec eiva bles

(465,823)

(55,727)

- (in c re a se ) /d e c re a s e i n o t he r a s s e t s

(103,958)

20,925

- (in c re a se ) /d e c re a s e i n p re p a y m e nts

29,437

53,308

- in c re a se / ( d e c re a s e ) i n i nc o m e i n a dva nc e

(410,396)

48,789

- in c re a se / ( d e c re a s e ) i n t ra d e a nd o ther pa y a bles

4,275,072

1,333,955

63,753

41,401

3,806,360

1,691,431

a ) R eco n cilia t i o n o f c a s h Cas h at t h e e nd o f t he f i na nc i a l y e a r as s hown in the s ta tement o f c a s h flows is rec o nc ile d to item s in t h e st a t e me nt o f f i na nc i a l p o s i t i o n a s fo llows : Cas h an d c a s h e q ui v a l e nt s (b) R eco n cili a t i o n o f re sul t f o r t he y ea r to c a sh flows from opera ting a c tiv ities R e c o n c ilia t io n o f ne t i nc o m e t o ne t c a s h provided by o pera ting a c tivities : P ro fit fo r t h e y e a r No n - c as h flows i n p ro f i t : - D e p re c iati o n ex p e ns e Ch a n g e s in a s s e t s a nd l i a b i l i t i e s :

- in c re a se / ( d e c re a s e ) i n e m p l oy e e b enefits Cas h flow fro m o p e ra t i o ns

(c ) Credit s ta nd by a rra ng e m e nt a nd l oa n fa c ilities Th e Co mp an y ha s no c re d i t s t a nd by o r lo a n fa c ilities .

22.

EVENTS AFTER THE END OF THE REPORTING PERIOD

Th e fin a n c ial re p o rt wa s a ut ho ri s e d f o r is s ue o n 28 S eptember 2023 by the Bo a rd o f D irectors. No o t h e r ma t t e rs o r c i rc um s t a nc e s ha ve a r is en s inc e the end o f the fina nc ia l y ea r whic h significantly affected or m ay significantly affect the o p e ra t io n s o f t he C o m p a ny, t he re s ul t s o f tho s e o pera tio ns o r the s ta te o f a ffa ir s o f the Com pany in future financial years.

23.

COMPANY DETAILS

Th e re g ist e re d o f f i c e a nd p ri nc i p a l p l a c e o f bus ines s o f the C o mpa ny is : B u s in e s s E v e nt s P e rt h

L eve l 2 , 1 2 9 S t G e o rg e’s Te rra c e P e r t h WA 6 0 0 0

24.

ASSISTANCE PROVIDED TO BUSINESS EVENTS PERTH

Th e Co mp an y re c e i v e d a s s i s t a nc e f ro m s o me o f its member s dur ing the y ea r in the fo r m of airfares, accom m odation, m eals and functions. Th e amo u n t ha s no t b e e n re c o g ni s e d a s the va lue c a nno t be relia bly mea s ured. H owever, the am ount is estim ated to be approxim ately $ 3 4 1 ,5 2 9 (2 0 2 2 : $ 6 , 1 6 0 ) .

25.

SEGMENT REPORTING

Th e Co mp an y p ro m o t e s We s t e rn A us t ra lia a nd the P er th metro po lita n a rea a s a c o nvention, exhibition and incentive travel destination. It is invo lve d in t h i s i nd us t ry i n t he o ne g e ogra phic lo c a tio n o f Wes ter n A us tra lia .

DIREC TORS ' DEC L A R A TIO N Th e d ire c t o r s o f t he C o m p a ny d e c l a re tha t, in their o pinio n: a)

t h e re a re re a s o na b l e g ro und s t o believe tha t the C o mpa ny is a ble to pa y o f its debts as and w hen they becom e due and payable; and

t h e at ta c he d f i na nc i a l s t a t e m e n ts a nd no tes thereto a re in a c c o rda nc e with the C orporations Act 2001, including: (i)

g i v i ng a t rue a nd f a i r v i ew o f the fina nc ia l po s itio n a nd per fo r ma nc e o f the Com pany; and

(ii)

c o m p l y i ng wi t h A us t ra l i a n A c c o unting S ta nda rds - S implified D is c lo s ures .

Sig n e d in a c c o rd a nc e wi t h a re s o l ut i o n o f the direc to r s ma de pur s ua nt to s . 295( 5) o f the Corporations Act 2001.

D ire c t o r

B ra d l ey WO O D S D at e d t h is 2 8 t h d a y o f S e p t e m b e r 2 0 2 3

ELIZABETH QUAY

54 70

ICIN, PAN PACIFIC PERTH

M AJOR STA KEH O L DER S Tourism Wester n A u s tra l i a Ci ty of Perth

M AJOR PA R TNER S Crown Perth Perth Conventio n a n d Ex h i b i ti on Ce n tre

PL AT INUM M E M BE R P A R TN E R S Bus i ness E v ents Pe r th a ck n owl e d g e s ou r Pl a t in u m Me m b e r P a r t n e r s , w h o re p re s e nt t h e k ey organi s ati on con tr i b u tor s to ou r fu n d i n g i n 2022-2023:

A ccommodati on Li n k

N ovo t e l P e r t h L a ng ley

A l of t Perth

N ovo t e l P e r t h Mur ra y S t re e t

A rinex

O p t u s S t a d iu m

Ci ty of Bussel to n

P a n P a c if ic P e r t h

Crown Perth

P a r m e lia H ilt o n P e r t h

Doubl eTree by Hi l ton Nor th b r i d g e

P e r t h C o n ve nt io n a n d E xh ib it io n C e n t re

Doubl eTree by Hi l ton Wa te r fron t

QT P e r t h

Encanta E v ent M a n a g e m e n t

R e nd ez vo us H o t e l P e r t h S c a r b o ro ug h

Esplanade Hotel F re m a n tl e by R yd g e s

S h ire o f E xm o u t h ( N in g a lo o C e nt re )

Four Poi nts by Sh e ra ton

T he As s o c ia t io n S p e c ia lis t s

Fras er S ui tes Per th

T he R it z -C a r lt o n, P e r t h

Hyatt Regency Pe r th

T he We s t in P e r t h

Leeuwin E s tate W i n e r y Mercure Perth

CROWN PERTH

Level 2, 1 2 9 St G e o rge s Te rrac e , Pe rth, 6 0 0 0 , West e rn A u st ral i a. inf o@b e p ert h.c om b usinesseve nt spe rt h . c om

MAJOR S TA KEH O L DER S