250.4M social engagements and 2B video views in FY24.
55,231,624 people tuned in to watch cricket this season.
The cricket community raised $6.44M for the McGrath Foundation during the Pink Test.
Almost 1.6M fans attended matches during the 2023-24 season. A 100% increase in the WBBL salary cap strengthens cricket’s position as the best paid team sport for women.
audience.
Australia won a record sixth ICC Men’s Cricket World Cup trophy.
Australian Women’s Team ranked No. 1 in the world for ODIs and T20Is.
Australia dominated India to win ICC Under 19 Men’s Cricket World Cup – their fourth.
661,161 participants registered to play cricket this season.
Nathan Lyon took his 500th Test wicket v Pakistan.
Annabel Sutherland became the first women’s Test player to make a double century and take five wickets in a match.
Chair AND CEO message
We are delighted to reflect on a year of high achievement and progress across Australian Cricket.
Our national teams have been a source of pride and inspiration, setting the benchmark for sustained high performance. The Big Bash Leagues continued to bring new and younger fans to the game with big increases in average crowds and our domestic competitions continue to be the most competitive in world cricket.
We are embarking on the third year of our five-year strategic plan ‘Where the Game Grows’ having laid the foundations with media rights agreements with Foxtel Group, Seven West Media and Disney Star, as well as a new MOU with players and reshaping of the Big Bash Leagues.
The launch this year of our Women and Girls Action Plan and Multicultural Action Plan sets out ambitious targets and clear actions as we help bring communities together through their love of cricket and work towards our vision to be a sport for all that makes Australians proud.
The announcement of cricket’s inclusion as an Olympic Sport in the LA28 Olympic Games, and hopefully Brisbane 2032, is another exciting step for global growth, building on the momentum of the recent ICC Men’s T20 World Cup in the US.
We continue to protect cricket’s rich traditions with our strong advocacy for Test cricket and unwavering commitment to honour cricket’s heritage. We were thrilled to announce partnerships with State Governments for international cricket hosting rights for the next seven years, which include a 150th Anniversary Test Match against England at the MCG in 2027. These partnerships allow us to work with tourism and trade
bodies to continue to grow our major events, including attracting visitors from interstate and overseas, to maximise the positive impact and economic benefit for Australian communities.
Inspirational Players and Teams – Winning on the World Stage
The Australian Women’s team’s retention of the Women’s Ashes in England and victory in ODI and T20 series in India illustrated the outstanding talent that continues to flow through our pathways supported by our sports industryleading investment in cricket for women and girls.
The leadership of captain Alyssa Healy and stellar performances of her team were augmented by the rise of next generation stars such as Annabel Sutherland whose Test centuries against England (137*) and South Africa (210) were among the year’s highlights.
Our sixth ICC Men’s ODI World Cup sealed against host country India at a packed Narendra Modi Stadium, and highlighted by Travis Head’s superb century, was testament to the team’s meticulous preparation, leadership and professionalism.
This followed victories in the ICC World Test Championship over India and the retention of the Ashes in a fiercely contested series, further illustrating the talent and resilience of the Australian Men’s team in all formats.
Congratulations to ICC Men’s Cricketer of the Year Pat Cummins, ICC Men’s Test Cricketer of the Year Usman Khawaja and ICC Emerging Women’s Cricketer of the Year Phoebe Litchfield.
Australia’s fourth win in the Under-19 Cricket World Cup was the first since 2010. Congratulations to Hugh Weibgen’s squad in a win that demonstrates the strength of our talent pathways and bodes well for the future.
The National Inclusion Championships, Cricketers with an Intellectual Disability Tri-Series, International Blind Sports Federation World Games and Deaf ICC T20 World Cup all produced outstanding performances, embodying our vision to be a sport for all and demonstrating the growing depth and talent in these championships.
We pay tribute to Meg Lanning, David Warner and Aaron Finch who announced their retirements having made vast contributions to cricket.
Brilliant Experiences
The stellar performances of our outstanding teams and commitment to provide brilliant experiences saw 1.6M fans attend matches across the country and 55M viewers watch coverage via our valued broadcast partners.
An ambitious approach to attracting new audiences resulted in 187M digital engagement sessions this year as our digital strategy continues to grow audiences.
We launched the dedicated Big Bash App, in keeping with the Big Bash’s reputation for innovation, while the partnership renewal Weber illustrated strong commercial confidence in the leagues.
The 24% year-on-year growth in BBL average crowds in the first year of a reshaped schedule, was testament to the focus on brilliant stadium experiences. This included six crowds over 40,000, the greatest 43,153 for the Final at the SCG. Aligned to our commitment to grow the women’s game, the launch of the ‘Stadium Series’ to play more WBBL games in major stadiums culminated with 12,379 fans watching the Adelaide Strikers win a second consecutive WBBL title at Adelaide Oval.
Participation Growth
The continued growth in registered participation from 627,793 to 661,161 participants in 2023-24 was a result of dedicated effort across Australian Cricket.
There was strong growth in priority areas, including Woolworths Cricket Blast (up 19% from 69,879 to 83,100) and women and girls (up 18% from 78,679 to 93,091) with programs designed to provide immersive and inclusive experiences having a significant impact.
A small decline in junior participation (down 3% from 108,120 to 104,913) was partly attributed to the flow-on effect from COVID impacted seasons, during which access to entry-level programs was restricted. There will be renewed focus on retention in junior cricket, ensuring more kids play for longer to safeguard cricket’s long-term health.
Our Financial Performance
As we know, CA is currently at a low-point in its four-year cycle. Despite this, the first year of the new player agreement has resulted in a 7% uplift in player payments, and the extension of funding agreements with members included a 3.5% uplift this year.
The net deficit for the current year, after funding to members, is $31.9M, a further $14.7M down on the previous year. Considering the content-driven $18.2M year-onyear revenue decrease, this result was anticipated and highlights the emphasis on managing costs and driving revenue through business transformation initiatives. CA depleted its reserves through the impacts of COVID, which in aggregate cost around $100m. Despite this, CA has cash and deposits of $25.7m, with a further $50m in funding available through
a secured banking facility and is forecast to rebuild reserves through upcoming seasons hosting India and England.
Purpose led partnerships
In keeping with our strategic priority to champion inclusion, positive social impact and sustainability, we have continued to build targeted charitable partnerships that create benefit and align with our values.
The power of sport to have social impact was exemplified by the Pink Test where the McGrath Foundation raised $6.44M to help fund McGrath Breast Care Nurses. The SCG turning pink every year has become an iconic part of the summer and set a high standard for sports-related fundraising activations.
Our new partnership with the Shane Warne Legacy resulted in 7,732 Shane Warne Legacy Heart Tests at the MCG during the Boxing Day Test, with 31,472 tests completed overall, making both a practical and promotional contribution to preventative heart health.
Blockbuster Summers Ahead
There is great anticipation for the next two summers, starting with the NRMA Insurance Border-Gavaskar Trophy and the CommBank Women’s Ashes (including the historic first Day-Night Test at the MCG) and culminating with the NRMA Insurance Men’s Ashes in 2025-26.
These series provide opportunities to accelerate work on our new Action Plans, drive further growth in crowds and viewership, facilitate relationships with international markets, inspire participation and maximise revenue for Australian Cricket to reinvest in the game.
Thank you
A united and aligned Australian Cricket system is a key strength and enabler of the long-term health and prosperity of our game, with the collective effort of State and Territory Associations and other partners and stakeholders leading to the successful outcomes in 2023-24.
We thank all players, officials, volunteers, administrators, employees, commercial, broadcast, media, government and charity partners, whose dedication to cricket and commitment to our aspirations and values ensures cricket remains at the heart of Australian life and has an enormously beneficial influence in communities across the country.
Mike Baird AO and Nick Hockley
WHERE THE GAME
Australian Cricket is now in the third year of our five-year strategic plan.
Having successfully completed the first phase of our Strategic Plan (Secure), our focus shifted to taking the game to new heights in our second phase – Enhance.
The second phase is focused on enhancing all offerings and experiences for our fans, whether they are at the stadium attending a match, watching at home, or playing cricket in any form, across the nation. This requires a renewed focus and commitment to the most important parts of the sport, as well as starting to do things a little differently to generate new growth.
Throughout the year, we continued to strive for success on and off the field, with our highlights demonstrating the successes achieved across all areas of the Strategic Plan:
Australia’s women’s team won their home multiformat series against South Africa, as well as white ball series against the West Indies and their away series against India.
Enhanced the Big Bash Draft, and held the first overseas player draft for the WBBL.
Australia’s men’s Test team defeated Pakistan and drew with the West Indies in the home Test series last summer.
WBBL record attendance of 95K, including launch of Stadium Series seeing more matches in big stadiums.
Australian men’s team won the ICC Men’s Cricket World Cup in style in India.
Launched our Multicultural Action Plan.
New S&T funding agreement successfully confirmed.
Launched our Women and Girls Action Plan.
Record multicultural engagement and participation in cricket, with more than 92K playing the sport last season.
Launched the new Big Bash app, with over 184K downloads in the first season.
Set a new record of more than 26K 5-12 year old girls playing cricket during the season.
Women’s
The 2023-24 international season consisted of a bilateral series against West Indies (home), multi-format series against India (away) and South Africa (home), and a historic tour to Bangladesh (away). Both the ODI and T20 international teams were ranked No.1 by the ICC.
Bilateral cricket
Australia started the summer with T20I and ODI series wins against West Indies, despite outstanding individual performances from The Windies’ captain, Hayley Matthews.
A multiformat series in India followed in December, with Australia bouncing back from
defeat in the Test to outplay the hosts in the ODIs and T20Is. Australia remains unbeaten in bilateral ODI series against India. Another hard fought multiformat series concluded the home summer, with South Africa touring in January. Australia won both white ball series 2-1, and claimed a comprehensive Test match victory in Perth.
Australia’s summer closed with a dominant tour of Bangladesh in April. The series marked Australia’s first bilateral tour of Bangladesh, and the first time the Australian women’s team has played in Bangladesh since the victorious 2014 ICC T20 World Cup campaign. Alyssa Healy’s side is currently ranked the No.1 women’s cricket team in the world.
Annabel Sutherland
• Scored 210 against South Africa, the fastest Test double century by an Australian woman.
• Become the youngest Australian woman, and second youngest overall, to hit a double century.
• The first women’s Test player to make a double century and take five wickets in a match.
Alyssa Healy became the third Australian woman to play 250 games across all formats and passed 150 T20Is.
Megan Schutt reached 200 International matches against South Africa in Adelaide and passed 100 T20Is against the West Indies.
Ellyse Perry passed 300 International matches in January. Perry has been part of six T20 World Cup wins, two ODI World Cups titles and a Commonwealth Games gold medal.
Pheobe Litchfield broke the record for the fastest fifty by an Australian woman (off just 18 balls).
Women’s National Cricket League (WNCL)
An unbeaten century from Player of the Year Nicola Carey guided Tasmania to a historic Women’s National Cricket League threepeat as the Tigers downed Queensland by six wickets in the 2023-24 final.
Beth Mooney ranked No. 1 T20I batter in the world.
Men’s
With the World Test Championship and the Ashes secured, the Australian men’s team enjoyed another successful season in 2023-24.
After a clean sweep of the T20I series against South Africa in September, Australia went down 3-2 to the Proteas who came from behind to win the ODI series with the tour providing valuable preparation ahead of the 2023 ICC Men’s Cricket World Cup
The team then travelled to India, with the host nation winning the ODI series and T20I series held before and after the World Cup respectively. After a slow start in
the World Cup, Australia won the next nine games straight defeating host and strong favourite, India, in the final in front of a packed Narendra Modi Stadium in Ahmedabad. It was arguably one of the greatest triumphs in oneday cricket history.
Back home the team secured the Benaud-Qadir Trophy with record Test victories over Pakistan, followed by a drawn series against the West Indies to retain the Frank Worrell Trophy.
More success continued when touring New Zealand with fivestraight wins in the T20I and Test Series, to retain the TransTasman Trophy.
Closing out the season, Australia headed to the ICC Men’s T20 World Cup in the West Indies, winning the opening five games before dropping matches to Afghanistan and India and ultimately missing a place in the semi-finals.
Pat Cummins awarded ICC Player of the Year.
Usman Khawaja awarded ICC Test Player of the Year.
Mitch Starc reached 350 Test wickets.
One Day International debutants
247 Will Sutherland v West Indies
246 Fraser McGurk v West Indies
245 Lance Morris v West Indies
244 Xavier Bartlett v West Indies
243 Spencer Johnson v India
242 Matthew Short v India
241 Tanveer Sangha v South Africa 240 Aaron Hardie v South Africa 239 Tim David v South Africa
Series Held in WinnerResult
Men's Ashes v England Jul-Aug 2023
Qantas Tour to South Africa – T20Is Sep 2023
Qantas Tour to South Africa – ODIs Sep 2023 South Africa
Qantas Tour to India – ODIs Sep 2023
ICC Men's Cricket World Cup 2023 Nov 2023
Qantas Tour to India – T20Is Nov-Dec 2023
NRMA Insurance Test Series v Pakistan Dec-Jan 2024
NRMA Insurance Test Series v West Indies Jan 2024
Dettol ODIs Series v West Indies Feb 2024
Dettol T20Is Series v West Indies Feb 2024
Qantas Tour to New Zealand – T20Is Feb 2024
Qantas Tour to New Zealand – Tests Feb – Mar 2024
ICC Men's T20 World Cup 2024 Jun 2024
Western Australia (WA) set a high bar by winning the past three Sheffield shields and the past three one day cups – the first time this has ever been achieved.
Marsh One-Day Cup
Travis Head passed 3000 Test runs and is ranked the No.1 T20I batter in the world.
T20 International debutants 109 Xavier Bartlett v West Indies
Chris Green v India
Matthew Short v South Africa 106 Tanveer Sangha v South Africa
105 Spencer Johnson v South Africa
104 Aaron Hardie v South Africa
Marsh Sheffield Shield
(3)
2-1 (3)
During the same period, WA took the Marsh One-Day Cup title with a five-wicket win over New South Wales at Cricket Central, with 100 balls remaining. Hilton Cartwright won Player of the Match with 73 not out off 80 balls as the visitors cruised to victory.
WA claimed their third successive Shield (and their 18th) with a 377-run defeat of Tasmania in the final at the WACA Ground in Perth. Captain Sam Whiteman was named player of the match, scoring 104 in the first innings. Quick Cameron Gannon took eight wickets for the match, including the final wicket of the fourth innings to secure the Shield for WA.
Nathan Lyon took his 500th Test wicket v Pakistan.
Weber
WBBL remains Australia’s most-watched sporting league on linear TV in the OctoberNovember window, while average audiences in Finals grew 20% year-on-year.
A 100% uplift to the salary cap saw WBBL players paid more than ever before. This increase was a cornerstone of the new contracting model, alongside the inaugural Draft for overseas players.
A return to big stadiums, strong attendance growth and a new overseas player draft headlined an outstanding Weber WBBL|09 season.
The League launched its inaugural Stadium Series in WBBL|09, with five matches held across three world class venues – Adelaide Oval, Melbourne Cricket Ground and Sydney Cricket Ground. The matchdays featured headline music acts, enhanced event presentation and exciting cricket, played in front of the highest crowds of the regular season.
On field, exceptional local talent was supported by a cast of the world’s best players, recruited via the WBBL’s first Overseas Player Draft. League greats Marizanne
Average attendance per game increased 35% year-on-year, with six clubs recording a record total attendance for their home and away season in the standalone era.
This attendance growth was underpinned by 21,821 fans attending the Stadium Series.
The WBBL|09 Final crowd of 12,379 was the second highest standalone era, behind only the WBBL|07 Final (15,511).
Kapp and Sophie Devine were selected with the first two Draft picks, but it was Sydney Thunder’s Chamari Athapaththu who made the most of her post-Draft call up to take Player of the Tournament honours. The Sri Lanka star finished with 511 runs at 42.58 and striking at 129.69, plus nine crucial wickets.
Adelaide Strikers backed up their Weber WBBL|08 title with an even more dominant display to win the WBBL|09 crown. After finishing top of the regular season standings with a three-game margin to second, the Strikers then took out a thrilling Final against Brisbane Heat by three runs in front of 12,379 fans at Adelaide Oval.
was named the competition’s Young Gun after scoring 220 runs and taking 10 wickets for the campaign.
(Brisbane Heat) and Molle Strano (Hobart Hurricanes) became the first two WBBL players to reach 150 career wickets.
KFC
Big crowds flocked to stadiums around the country during a new-look KFC BBL|13 season filled with unforgettable moments.
The BBL strengthened its status as Australia’s favourite summer family entertainment product, with average crowds growing 24% per game in a re-shaped 44-game schedule. This included six crowds above 40,000, the highest being 43,153 for the Final at the Sydney Cricket Ground.
This was backed up by strong viewership, with average linear TV audiences of over 521,000 viewers, ensuring the BBL remained Australia’s most-watched sporting league per game.
Brisbane Heat topped the regular season table and went on to win its first men’s title in 11 years. After an early Finals series loss, the Heat capitalised on its second chance thanks to outstanding performances by Josh Brown (140 from 57 balls) in The Challenger
Adelaide Strikers captain Matthew Short won his second consecutive BBL Player of the Tournament award after plundering 541 runs at an average of 60.11 and strike rate of 153.25, including six half centuries.
The BBL become Australia’s second-most attended sporting league on a per-game basis, with average crowds of 20,688.
Seven clubs achieved YoY attendance growth, while average ticket sales per match grew 36% YoY.
The attendance and audience growth achieved was despite BBL|13 being the most weatheraffected season ever, with 20% of games partially or fully impacted.
For the first time since BBL|05, metropolitan freeto-air TV audiences grew year-on-year. Streaming audiences also grew 23%, delivering record highs.
Adelaide Strikers’ Chris Lynn became the first player to pass the 200 sixes and 300 fours milestones in the BBL, while also extending his margin on top of the all-time run-scoring chart (3725 runs).
On-field cricket quality was enhanced via a revised contracting model, including a 50% salary cap uplift that allowed clubs to attract and retain top players.
Perth Scorchers’ Andrew Tye became the second player to pass 150 career BBL wickets, and now sits second all-time on that list behind Sydney Sixers’ Sean Abbott.
Umpires
CA has an umpiring system that encourages the growth of umpiring talent with several continuing their progression through the ranks over the past year.
Debutants
Claire Polosak
First Class Umpiring Debut (Nov 2023)
Eloise Sheridan
First Class Umpiring Debut (Nov 2023)
Andrew Crozier
First Class Umpiring Debut (Feb 2024)
Ben Treloar
Women’s One Day and T20
International Debut (Oct 2023)
Kent Hannam
(Match Referee) – Women’s One Day and T20 International Debuts (Oct 2023)
David Gilbert
(Match Referee) – Women’s Test Match, One Day and T20 International Debuts (Feb 2024)
Michael Graham-Smith
Men’s T20 International Umpiring Debut (Oct 2023)
2024 National Indigenous Cricket Championships
The National Indigenous Cricket Championships (NICC) were held on Arrernte Country in Mparntwe (Alice Springs), where New South Wales reclaimed the women’s division title and Western Australia ended New South Wales’ four-year reign in the men’s division.
National Indigenous Squads Training Camp at the MCG
With thanks to the support of the Melbourne Cricket Club Foundation, a week of cricket and culture concluded with matches on the hallowed MCG against the MCC XI.
National Inclusion Squads Training Camps
The National Intellectual Disability, Blind and Low Vision and Deaf and Hard of Hearing Squads all participated in training camps at the National Cricket Centre in Brisbane, in preparation for their international competitions.
2024 National Cricket Inclusion Championships
Twenty two state and territory teams competed in five divisions. Victoria claimed the national titles in the Men’s Deaf and Hard of Hearing, Women’s Deaf and Hard of Hearing and Cricketers with an Intellectual Disability divisions, while New South Wales took home their fifth consecutive national title in the Blind and Low Vision division. CA thanks
Competing internationally
• In November 2023, the Australian Cricketers with an Intellectual Disability team travelled to Pretoria to compete in a tri-series against England and the hosts, South Africa.
• In August 2023 the Australian Men’s and Women’s Blind and Low Vision teams travelled to the UK to participate in the International Blind Sports Federation World Games.
n March 2024 the Australian Deaf and Hard of Hearing Team participated in the Deaf ICC T20 World Cup in the UAE.
During the second year of our strategic plan, we continued to focus on attracting participants aged 5-12 in an effort to inspire a lifelong love of the game and some fantastic growth outcomes were achieved.
The number of registered players aged 5-12 years old grew by 5%, led by growth in our girls’ participation, increasing by 7%, and players with a South Asian cultural background that grew by 13%.
We implemented an enhanced Woolworths Cricket Blast program with a major focus on raising awareness in the market. This resulted in recordbreaking numbers of
CRICKET
participants taking part in the program with more than 83,000 kids enjoying the program this season. This was an increase of 19% with the number of girls joining the program growing by 20% and those of South Asian cultural backgrounds increasing by 27%.
Junior cricket remains a focus with participation declining by 3% overall, with the number of kids 12 and under registering to play remaining steady.
Total registered participation grew by 5% overall to 661,161 participants. This was driven by key strategic segments bouncing back strongly after the pandemic with organised school competition participants increasing by 22%, club cricket overall growing by 1% and Indoor Cricketers increasing by 3%.
5% growth in total registrations.
19% growth in Woolworths Cricket Blast.
CRICKET
Cricket continues to thrive for women and girls with 18% growth in numbers to 93,091 cricketers for the 2023/24 season. This was led by: 44% growth in school competitions.
26,000
The valuable support from partners allowed cricket to deliver programs that create impact. We thank all our broadcast, commercial and charity partners for their continued support in helping make cricket a sport for all that makes Australians proud.
CommBank’s Growing Cricket for Girls Fund
Since its launch in 2016, CommBank’s Growing Cricket for Girls Fund has been instrumental in expanding opportunities for young female cricketers. Last season, 4,408 girls benefitted from the program, with nearly 300 involved in initiatives such as Mini Mates. Overall, the program has engaged more than 31,000 girls aged 5-18, making a significant impact on the growth of girls’ cricket nationwide and supporting the future of women’s cricket.
NRMA Insurance Community Grants
As part of NRMA Insurance’s partnership with CA last summer, $120K in grants were made available to support local clubs. Eight $15K grants were awarded to help clubs enhance their programs and facilities. The funding was used to purchase new uniforms and equipment for female programs and improving infrastructure. This initiative provided crucial support to grassroots cricket, enabling clubs to grow and thrive while enriching the community.
Toyota’s Good for Cricket Raffle
Toyota’s grassroots cricket program, Toyota Good for Cricket, has helped thousands of clubs raise millions of dollars since 2008. In the past season clubs across Australia raised a record $1,013,670 by selling tickets through the Toyota Good for Cricket Raffle. These funds allowed clubs to purchase new equipment and upgrade to their facilities. Driven by strong community involvement, this initiative continues to provide crucial financial support, helping local cricket clubs prosper and strengthen connection within the community.
The world-class coverage produced by CA’s TV and radio broadcast partners showcased the summer’s memorable moments to fans across the country and around the world.
The choice and diversity of coverage now available to fans supports our purpose to be a sport for all.
29 of 52 sessions across the NRMA Insurance Test series attracted more than 1M viewers nationally, with 12 days of Test cricket averaging more than 1M for the entire day.
The audiences for the men’s white ball series v West Indies were up 109% (ODI) and 92% (T20I), on Foxtel platforms. Game two of each series were the highest-rating bilateral series matches in Australia since the 2020-21 summer.
More than 228M viewer hours were consumed across the summer.
The Weber WBBL Final saw a 52% YoY growth on linear TV and a record streaming audience for a WBBL match.
The KFC BBL|13 season saw the average audience per match increase 3% YoY overall. Metro FTA audiences increased 7% YoY on Channel Seven and streaming audiences hit record levels on a per-match basis on Foxtel and Kayo streaming platforms.
Cumulative WINT average audience figures were up 158% on the 2022-23 summer, which included the first women’s Test in the country since the 2021-22 Ashes series.
The Weber WBBL was the most-watched sporting league in the October/November sporting window on an average linear TV audience per game basis.
The KFC BBL remains the mostwatched sporting league in Australia on a per-game basis on linear TV.
The third series of The Test launched on Amazon Prime video in May and brought fans the inside story of Australia’s 2023 World Test Championship and Ashes campaigns.
GROW GLOBALLY
Enhancing government relationships to grow the game globally.
In line with our strategic pillar to support the growth of the game globally, we worked with governments and related stakeholders within the region and around the world to secure funding and implement innovative programs to bring people of all ages, genders, ethnicities and abilities together through cricket.
This includes the successful delivery of the PacificAus Sports Program in partnership with the Department of Foreign Affairs and Trade to strengthen cricket’s development across the region and build pathways for Pacific athletes to compete internationally. In collaboration with the Australian Government, we also delivered community participation programs in line with our Multicultural Action Plan through the Major Event Legacy Program.
We were delighted to play a part in securing Cricket’s place in the 2028 Los Angeles Olympic Games, while working towards inclusion in the 2032 Olympic Games in Brisbane.
We also established a strategic partnership with the Centre for Australia-India Relations to capitalise on the strength of the Australia-India relationship. Over the coming seasons we will work with business partners and decision makers from across the two countries, linking with the diverse local Indian diaspora and the global fan base to deliver bilateral trade and investment outcomes and grow our cultural ties through our shared passion for cricket.
Facilitated more than $87M investment in community projects through the Australian Cricket Infrastructure Fund and the Grassroots Cricket Fund.
Digital
CA Digital added an exciting new platform to our offering in FY24, with the Big Bash App appealing to a large number of new and existing cricket fans.
More than 200K people downloaded the app in its first nine months since launch, with 1.7M sessions spent engaging with our unique vertical-focused content offering.
CA Digital’s increased efforts in fostering player connection was boosted by dedicated resourcing covering the men’s and women’s national teams throughout the home summer, but also to major tournaments in India (men’s ODI World Cup), England (Women’s Ashes and Men’s World Test Championship) and the West Indies (Men’s T20 World Cup). As a result, social channels dedicated to support of the national teams grew by 15%, with the new @ausmenscricket Instagram page quickly amassing 265K followers by giving fans an exclusive inside
On platform, cricket.com.au’s renowned editorial team produced written content worthy of 50M+ page views, while fans consumed 65M minutes of video in FY24. Our grip on the increasingly popular audio space saw new feature podcast series Stories After Stumps quickly reaching No.1 in the cricket podcast ratings, while The Unplayable Podcast was downloaded by 435K listeners in 98 countries.
delivery
Opened
Completed the National Facilities Audit to better understand the state of cricket facilities nationwide and inform the National Community Cricket Infrastructure Strategy due for completion in FY25.
the GMHBA Stadium (Stage 5) redevelopment, including the new Barwon Region Cricket and Community Centre.
Successful
of the PacificAus Sports Program.
Diversity & Inclusion
We continued our focus on diversity and inclusion through FY24, resulting in some notable achievements. In February we announced a best-in-industry gender pay gap result of 3.8% (average) and -0.4% median result in favour of women, reinforcing our ongoing commitment to pay equity for our people. Our continued focus on ensuring cricket is a sport for all was recognised in April when CA was awarded Silver status in the annual Pride In Sport Awards, exceeding our target of Bronze status.
CA partnered with consulting group Intersection to gain an understanding of the effectiveness of CA’s current diversity and inclusion practices and identify the strengths of our culture, and opportunities for continuous improvement. We reviewed our policies, conducted focus groups and interviewed our people to find CA is well on our way to providing a safe, inclusive and respectful work culture and management is actioning recommendations to improve further.
Leadership
Following the launch of the Leadership@Cricket toolkit, CA’s senior managers participated in our Leadership Coaching
program with our partner Hello Monday. The program provided assessment, targeted development experiences and executive coaching over a three-month period. Key areas of focus included influencing skills, communicating effectively, self-awareness and enterprise thinking. The program attracted an overall satisfaction rating of 4.8 out of 5.
Career and Development
We launched our Career and Development People Calendar to support our people in planning their careers and creating development plans to progress their capabilities. 153 employees participated in development
Leading meaningful career conversations,
• Driving and managing your career,
• Communicating with impact,
• Building relationships for influence,
• Financial health and wellbeing.
A program highlight was a CA people development seminar on building storytelling capability facilitated by Hamish McLachlan.
SEDA Sport & Business Programs
CA provided first-hand work experience for 19 Sport & Business Diploma Students, supporting the next generation of aspiring sports administrators.
CA’s Gender Pay Gap Industry G ender Pay Gap
Social Impact and Sustainability
Cricket brings people together and benefits society, on and off the field. We established our new Sustainability Framework which sets out how cricket champions and measures positive social impact, inclusion and sustainability.
Action Plan and Women and Girls Action Plan for Australian Cricket.
Cricket is vulnerable to the impacts of climate change. CA began developing our first Environmental Sustainability Action Plan in response to this global challenge, outlining our environmental footprint and commitments to drive positive change across the cricket ecosystem.
Promoting Environmentally Sustainable Design
In November 2023, CA’s Community Facility Guidelines were released. They help local communities create quality cricket facilities that reduce cricket’s environmental footprint, improve operational efficiency, reduce costs and create healthier indoor
Installing solar
In January 2024, CA collaborated with Cricket for Climate to install solar power at the National Cricket Centre in Brisbane, which will save close to $1M over the 20-year lifespan of the project and remove close to 8,000 tonnes of carbon.
First Nations Round
WBBL and BBL First Nations Round 2023/24 reaffirmed the Big Bash’s commitment to deepening meaningful connections with Aboriginal and Torres Strait Islander histories, cultures and communities. This round acknowledges and recognises the unique history of First Nations players, their involvement in the game and celebrates their ongoing contributions.
Shane Warne Legacy
Launched at the MCG at the Boxing Day Test, a total of 31,742
Shane Warne Legacy Heart Tests were conducted over the inaugural campaign, making a substantial contribution to cardiovascular and cardiometabolic preventative health across Australia.
McGrath Foundation: Impact at the 2024 NRMA Insurance Pink Test
$6.44M was raised when the cricket community came together to help the McGrath Foundation provide Australians with McGrath Breast Care Nurses.
Ashleigh Gardner and Mitchell Marsh took top honours at the Australian Cricket Awards in Melbourne this year, winning the prestigious Belinda Clark Award and Allan Border Medal respectively.
The ceremony celebrated a remarkable year of achievement for Australian cricket, where Gardner added a second Belinda Clark Award to the honour she first won in 2022 and Marsh won his first Allan Border Medal.
Thank you to all players, coaches, support staff, match officials, administration staff and volunteers who all came together to ensure that we had a strong and competitive season of cricket. Congratulations to all our award winners on their outstanding performances this year.
2024 National Community Award Winners
Award
HCLTech Young Leader of the Year
NRMA Insurance Volunteer of the Year
Community Cricket Coach of the Year
Community Match Official of the Year
Cricket Blast Coordinator of the Year
Toyota Community Cricket Club of the Year
HCLTech Women and Girls Initiative of the Year
Inclusion & Diversity Initiative of the Year
Celebrating Cricket in Schools
Community Cricket Association of the Year
Community Cricket Partnership of the Year
Community Facility Project of the Year
Indoor Facility of the Year
Junior Initiative of the Year
Technology & Media Initiative of the Year
Recipient
Josh Niederer, Reynella Cricket Club, SA
Kirsten Piccinini, Wembley Districts Junior Cricket Club & Central Junior Cricket Association, WA
David Turnbull, Jandakot Lakes Junior Cricket Club, WA
Phillip Turtle, Hawkesbury District Cricket Umpires Association, NSW
Ash Hockin, East Albury Cricket Club, NSW
Northern Districts (Butchers) Cricket Club, NSW
White Knights Baldivis Cricket Club, WA
Sanjay Sharma, Indian Australian Multicultural Sports Association, ACT
Southern Cross Catholic College, Townsville, QLD
Indian Australian Multicultural Sports Association, ACT
Harrup Park and Mackay Cricket Association, QLD
Maroondah City Council – Maroondah Edge Centre (Jubilee Park)
Mark Taylor Oval Indoor Cricket Centre, NSW
Payneham Cricket Club, SA
Coromandel Valley Ramblers Cricket Club, SA
Award
Belinda Clark Award
Allan Border Medal
Women’s ODI Player of the Year
Women’s T20I Player of the Year
Shane Warne Men’s Test Player of the Year
Men’s ODI Player of the Year
Men’s T20I Player of the Year
Weber WBBL | 09 Player of the Tournament
KFC BBL | 13 Player of the Tournament
Women’s Domestic Player of the Year
Men’s Domestic Player of the Year
Betty Wilson Young Cricketer of the Year
Bradman Young Cricketer of the Year
Community Impact Award
Woolworths Cricket Blaster of the Year
Recipient
Ashleigh Gardner
Mitchell Marsh
Ellyse Perry
Ellyse Perry
Nathan Lyon
Mitchell Marsh
Jason Behrendorff
Chamari Athapaththu
Matthew Short
Sophie Day, VIC Elyse Villani, TAS (tied)
Cameron Bancroft, WA
Emma De Broughe, SA
Fergus O’Neill, VIC
Ashleigh Gardner
Taj Bower
2023-24 State Cricket Awards
CA congratulates all winners of the 2023-24 State Cricket Awards following an inspiring domestic season.
Award
Marsh Sheffield Shield Player of the Year
Women’s National Cricket League Player of the Year
Marsh One-Day Cup Player of the Year
Benaud Spirit of Cricket Award (Men’s)
Recipient
Beau Webster, TAS
Nicola Carey, TAS
Caleb Jewell, TAS
Tasmania
Benaud Spirit of Cricket Award (Women’s) ACT Meteors
Lord’s Taverners Indigenous Cricketer of the Year
Ashleigh Gardner, NSW and Sydney Sixers
Umpire of the year: Sam Nogajski received the CA Umpire Award after an exceptional season at both international and domestic level. His performances were strong in the home men’s internationals and domestic formats, earning him on-field appointments to all three men’s competition finals.
Meg Lanning
After making her international debut in 2010 against New Zealand, the seven-time World Cup winner and three-time Belinda Clark medallist amassed 8352 runs from 241 international matches, including 17 centuries during her career.
Appointed Australian captain at 21 – captaining Australia on a record 182 occasions – Meg oversaw a period of unrivalled dominance for the Australian women’s team, with an 80%-win rate. Her crowning moment came in Melbourne when she lifted the T20 World Cup in front of 86,174 fans at the MCG in 2020.
Meg will continue to play in domestic competitions, including the Weber Women’s Big Bash League and the Women’s National Cricket League.
Aaron Finch
Aaron, one of Australia’s greatest limited-overs batters, retired from his Big Bash career after retiring from international cricket last year. He is a foundation Renegade and holds the club record for the most runs (3311) and appearances (106) and captained the Renegades for 11 seasons between BBL|02 and BBL|12.
Shaun Marsh
Shaun’s international career spanned 2008-2019 as a top order batter. He represented Australia in 38 Tests scoring 2265 runs (34.31 ave), 73 ODIs scoring 2773 runs (40.77 ave), and 15 T20Is scoring 255 (18.21 ave). Shaun has now retired from Big Bash cricket after playing for Perth Scorchers and Melbourne Renegades, and previously retiring from domestic 50-over cricket.
Jess Duffin
Retired from professional cricket, playing her last game for the Melbourne Renegades in 2023 after an international and domestic career spanning 15 years. Known for her batting and wicketkeeping, Jess played for Australia from 2009-2015, representing her country in 3 Tests, 50 ODIs and 64 T20Is.
David Warner
One of Australia’s best opening batters, David Warner retired from Australian Test, ODI and T20I cricket during the 2023-24 season after a 15-year international career. David was Australia’s leading ODI run-scorer with 6932 ODI runs (45.30 ave) from 161 matches, with 22 centuries when he bowed out. Among Australians, only Ricky Ponting has scored more ODI tons.
A three-time Allan Border medallist, David played 112 Test matches, scoring 8786 runs (44.59 ave) including 26 centuries. He held the vice-captaincy from 2015 to 2018. The second Australian to have scored 3000 runs in T20 Internationals history, David finished with 3277 runs (33.43 ave) across 110 matches.
David was the first Australian cricketer in 132 years to be selected for the national team in any format without experience in first-class cricket.
Paul Wilson
Spending 11 years on the ICC International Panel, Paul officiated in eight Tests, 43 ODIs and 26 T20 Internationals. His 62 first-class matches included four Sheffield Shield finals and 61 List A matches. Paul was also a popular figure in the BBL, standing in 88 matches, including five finals.
Bruce Oxenford
A veteran of 62 Tests and 97 ODIs, Bruce spent 13 years on the ICC Elite Panel before returning to finish his career on the CA National Umpiring
In memoriam
Lindsay Reeler
Lindsay represented Australia as a right-handed batter and occasional right-arm medium bowler. She played in 10 Test matches and 23 ODIs from 1984 to 1988 and scored a century against England in her penultimate Test match in 1987.
Jack Clarke
Jack joined the Australian Cricket Board as a director in 1999 and served as Chair from 2008 to 2011. He served as Australia’s delegate to the ICC, Jack also spent 21 years as a SACA director and was made an Honorary Life Member of the SACA in 2012.
Dr Gorur Harinath OAM
Along with his services to Cricket NSW as a player and an administrator, Dr Harinath was also a director of CA from 2004-2013, and he was awarded an Order of Australia Medal for services to cricket and the community in 2009.
Our leaders
CA Board
Mike Baird AO Chair – CA Director from 2021
Dr Lachlan Henderson CA Director from 2018
Dr Vanessa Guthrie AO CA Director from 2021
Sarah Adam-Gedge CA Director from 2023
Paul Green CA Director from 2018
Richard Freudenstein CA Director from 2019
CA Executive Team
Nick Hockley Chief Executive Officer
Joined CA in 2015 and the Executive Team in 2017
Allison Robison
Executive General Manager People & Culture
Joined CA and the Executive Team in 2021
Alex Lavelle
Executive General Manager Digital, Marketing, Communications
Joined CA in 2021 and the Executive Team in 2022
Jodie Newton Chief of Staff Joined CA and the Executive Team in 2022
Ed Sanders Chief Commercial Officer Joined CA and the Executive Team in 2024
Alistair Dobson
Executive General Manager, Big Bash Leagues Joined CA in 2019 and the Executive Team in 2021
John Harnden AM CA Director from 2016 Stepped down in 2024
Dr David Maddocks CA Director from 2022
Clea Smith CA Director from 2022
Greg Rowell CA Director from 2021
James Allsopp Chief of Cricket Joined CA and the Executive Team in 2021
Ben Oliver Executive General Manager National Teams
Joined CA 2008-12 then returned and joined the Executive Team in 2019
Donald Elliott General Manager, Australian Cricket Technology Joined CA and the Executive Team in 2022
Samantha Douglas Chief Financial Officer Joined CA and the Executive Team in 2020. Stepped down in 2024
Paul Reining Acting Chief Financial Officer
Joined CA and the Executive Team in 2024
Stephanie Beltrame Executive General Manager, Broadcast & Commercial Joined CA in 2000 and the Executive Team in 2018 Stepped down in 2024
James Orchard CA Director from 2024
Joel Morrison Executive General Manager Events & Operation Joined CA 2012-18 then returned and joined the Executive team in 2022
Kate Ingber Executive General Manager Legal & Business Affairs
Joined CA in 2021 and the Executive Team in 2022
Financial and Directors’ Report
The financial statements contained within the financial report are the financial statements of Cricket Australia as an individual entity. The financial statements are presented in the Australian dollar ($).
Cricket Australia is a company limited by guarantee, incorporated and domiciled in Australia.
Its principal place of business is:
Cricket Australia 60 Jolimont Street East Melbourne VIC 3002
A description of the nature of the entity’s operations and its principal activities is included in the directors’ report on page 33, which is not part of these financial statements.
The financial statements were authorised for issue by the Directors on 13 September 2024. The Directors have the power to amend and reissue the financial statements.
Cricket Australia Directors’ report
30 JUNE 2024
The Directors present their report on Cricket Australia (the ‘Company’) for the year ended 30 June 2024.
Information on Directors
Cricket Australia Director Experience 30 June 2024
Special Responsibilities
The following persons were Directors of Cricket Australia during the whole of the financial year and up to the date of this report:
Michael B Baird AO (appointed 28 Feb 21)
University of Sydney – Bachelor of Arts (Econ.)
Regent College – Diploma Christian Studies
Sydney University – Honorary Doctorate (Business)
Western Sydney University – Honorary Doctorate (Infrastructure and Western Sydney)
Richard J Freudenstein (appointed 10 Jun 19)
University of Sydney – Bachelor of Laws (Hons) University of Sydney – Bachelor of Economics
Paul J Green (appointed 25 Oct 18)
University of Tasmania – Bachelor of Commerce
Chartered Accountant
Fellow of the Institute of Chartered Accountants
Fellow of the Australian Risk Policy Institute
Member of the Institute of Company Directors
Dr Vanessa A Guthrie AO (appointed 28 Feb 21)
Curtin University – Honorary Doctor of Science, Sustainability Studies
The University of Western Australia – Diploma in Commercial and Resources Law
University of Tasmania – Doctor of Philosophy – PhD, Geology/Earth Science, General
University of New England (AU) – Bachelor of Science (Hons) Diploma in Natural Resources UNE Diploma in Business from Australian Graduate School of Management (UNSW/USyd)
Dr Lachlan J Henderson (appointed 3 Sep 18)
Monash University – Master of Health Services Management
The University of Western Australia – Bachelor of Medicine, Bachelor of Surgery – MBBS
Graduate Australian Institute of Company Directors
Greg J Rowell (appointed 10 Jun 21)
The University of Queensland – Bachelor of Laws – LLB, Law University of Canberra – Bachelor of Arts (B.A.), Public Administration
Queensland University of Technology Post Graduate Diploma Legal Practice Graduate of Australian Institute of Company Directors
Sarah Adam-Gedge (appointed 15 Mar 23)
Queensland University of Technology – Bachelor of Business (Accounting) Chartered Accountant
Graduate Australian Institute of Company Directors
Clea Smith (appointed 16 Oct 22)
Deakin University – Bachelor of Applied Science – BASc (Sport Coaching and Administration)
Australian Institute of Management – Master of Business Administration (Management)
Graduate Australian Institute of Company Directors
3 years, 4 months
5 years, 1 month
5 years, 8 months
Cricket Australia, Chair (1 Jul 23 - present)
Nominations Committee 2024, Chair (27 Oct 2023 - present)
University of Melbourne – MA (Clinical Neuropsychology)
Lincoln Institute – Post Grad Dip (Neurosciences)
University of Melbourne – Doctor of Philosophy – PhD, Faculty of Medicine
1 year, 7 months
Nominations Committee (16 Mar 23 - present)
Audit & Risk Committee (1 Jul 23 - present)
The following persons held office as a Director of Cricket Australia at any time during the year until the date of their resignation:
John Harnden AM (appointed 15 Apr 16, resigned 2 May 24)
University of Adelaide – Bachelor of Engineering (Hons)
Harvard Business School – Advanced Management Plan Graduate Australian Institute of Company Directors
8 years, 1 month
Audit & Risk Committee (1 Jul 23 - 2 May 24)
National Aboriginal and Torres Strait Islander Cricket Advisory Group (1 Jul 23 - 1 Nov 23)
The following persons were appointed as a Director of Cricket Australia after the end of the year:
James R Orchard (appointed 24 Jul 24)
University of South Australia – Bachelor of Business (Marketing, Finance)
Finders University – Graduate Diploma in Accounting Fellow of the Australian Institute of Company Directors Fellow of the Chartered Accountants Australia and New Zealand
Meetings of Directors
Audit & Risk Committee (24 Jul 24 - present)
The numbers of meetings of the company’s board of Directors and of each board committee held during the year ended 30 June 2024, and the numbers of meetings attended by each Director were:
Meetings held (H) while a Director and attended (A)
The function of the Audit & Risk Committee is to provide assurance and oversight of the financial statements and report, financial audit process, the execution of risk management and compliance frameworks and the assurance processes that assess the effectiveness of identified risk mitigation strategies. Furthermore, the Committee monitors the broader financial matters of Cricket Australia, including but not limited to financial results, annual budgets and oversight of the investment and hedging working groups.
The purpose of the Nominations Committee is to consider and recommend to the Members candidates to be elected as Directors of the Company in accordance with the Constitution.
The role of the People, Culture & Sustainability Committee is to ensure that Cricket Australia implements an appropriate People and Culture strategy to enable it to execute the Australian Cricket Strategy.
Cricket Australia Directors’ report
Company Secretary
The Company Secretary is Ms Kate Ingber, Executive General Manager Legal & Business Affairs.
International Cricket Council
Cricket Australia is entitled to appoint a director to the board of the International Cricket Council Limited, ICC Development (International) Limited and ICC Business Corporation FZ LLC. The CA director also serves on various committees of the ICC.
Strategy and operations
The current five-year strategy provides the organisation with a purpose, which is to unite and inspire everyone to love and play cricket, and a vision, to be a sport for all that makes Australians proud. The organisation is currently focusing on the enhance phase of the strategy driven by transformation initiatives to further grow the game and provide financial stability as it recovers from the long-term impacts of COVID.
A number of other key actions by the Company have helped to ensure financial stability and operational integrity of the international and domestic competitions including the extension of the current funding agreements with States and Territories for a further two years and securing the funding facility with our existing banking partners.
National Aboriginal and Torres Strait Islander Cricket Advisory Group (NATSICAG)
Cricket Australia has three board representatives on the NATSICAG including the co-chair Greg Rowell. The advisory group’s main mandate is to monitor and advise in relation to the Reconciliation Action Plan.
The Company will continue to focus on strengthening the engagement between fans and players, producing world class teams, entrenching a strong business model, and establishing a framework for the game’s positive social impact.
Performance indicators such as attendance at matches, television ratings, team rankings, digital consumption, registered participant numbers and the employee engagement levels are used to measure the Company’s performance against its strategy.
Review of operations
The net result of operations for the year ended 30 June 2024, after funding to Members of $120,103,000 (2023: $119,687,000) was a net deficit of $31,894,000 (2023: $17,236,000 net deficit), in line with a known low-point in the Company’s four year financial cycle.
Principal activities
The principal activity of the Company is to promote, administer and encourage the game of cricket in Australia.
Form of entity and place of business
Cricket Australia, incorporated in Victoria, is a company limited by guarantee. Under its constitution, the liability of members is limited to $1,000 per member. At the date of this report, the Company’s registered office and principal place of business is located at 60 Jolimont Street, East Melbourne, Victoria.
Directors’ report
Significant changes in the state of affairs
In the opinion of the Directors there were no significant changes in the state of affairs of the Company that occurred during the financial year.
The Directors have a reasonable expectation that the Company has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements.
Events since the end of the financial year
The Company’s CEO Nick Hockley announced on 6 August 2024 that he will step down in March 2025, or potentially later depending on the process to appoint his successor.
Likely developments and expected results of operations
At the time of preparation of this financial report, the Directors are not aware of any major changes in operations nor an associated change in the future results of those operations in subsequent financial years.
Environmental regulation
The Company is not affected by any significant environmental regulation in respect of its operations.
Insurance of officers
During the financial year, the Company paid insurance premiums in respect of certain officers of the Company. The insurance policy covers any Director or officer of the Company including past, present and future Directors, Company Secretary, Chief Executive Officer and employees of the Company. The liabilities insured include costs that may be incurred in defending civil or criminal proceedings that may be brought against the Directors and officers in their capacity as officers of the Company.
Auditor’s independence declaration
A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 35.
This report is made in accordance with a resolution of Directors.
M B Baird AO Director Melbourne P J Green Director Melbourne
Statement of comprehensive income
THE YEAR ENDED 30 JUNE 2024
Statement of financial position
The above statement of financial position should be read in conjunction with the accompanying notes.
Cricket Australia Statement of changes in equity
FOR THE YEAR ENDED 30 JUNE 2024
The above statement of changes in equity should be read in conjunction with the accompanying notes.
Statement of cash flows
FOR THE YEAR ENDED 30 JUNE 2024
Notes to the financial statements
30 JUNE 2024
1 Summary of material accounting policies
This note provides a list of the material accounting policies adopted in the preparation of the financial statements to the extent they have not already been disclosed in the other notes below. These policies have been consistently applied to all the years presented, unless otherwise stated. The financial statements are for the Cricket Australia.
(a) Basis of preparation
These general purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001. Cricket Australia is a not-for-profit entity for the purpose of preparing the financial statements.
(i) Historical cost convention
The financial statements have been prepared on a historical cost basis, except for the following:
● certain financial assets and liabilities (including derivative instruments) – measured at fair value or revalued amount.
(ii) New and amended standards adopted by the group
The Company has applied the following standards and amendments for the first time for their annual reporting period commencing 1 July 2023:
● AASB 2021-6 Amendments to Australian Accounting Standards – Disclosure of Accounting Policies: Tier 2 and Other Australian Accounting Standards.
The application of the amendment did not have a material impact on the Company’s financial statements but has changed the disclosure of accounting policy information in the financial statements.
(iii) New standards and interpretations not yet adopted
Certain new accounting amendments to accounting standards and interpretations have been published that are not mandatory for 30 June 2024 reporting periods and have not been early adopted by the Company. The Company’s assessment indicates that there are no new Australian Accounting standards or interpretations that have been issued but are not yet
effective with an expected material impact on the Company’s financial statements in the period of initial application.
(iv) Statement of compliance
The Company does not have ‘public accountability’ as defined in AASB 1053 Application of Tiers of Australian Accounting Standards and is therefore eligible to apply the ‘Tier 2’ reporting framework under Australian Accounting Standards.
The financial statements comply with the recognition and measurement requirements of Australian Accounting Standards, the presentation requirements in those Standards as modified by AASB 1060 General Purpose Financial Statements –Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities (AASB 1060) and the disclosure requirements in AASB 1060. Accordingly, the financial statements comply with Australian Accounting Standards – Simplified Disclosures.
(v) Going concern
The Company has considered the following matters in determining the appropriateness of the going concern basis of preparation in the financial statements:
● The Company has sufficient working capital to enable it to meet its objectives and financial obligations. Net unutilised available funding through its secured banking facilities totals $50M.
● The Company recorded $21.73M of revenue received in advance as a current liability. While classified as a current liability, this is not expected to be repaid, and will be recognised as income over the next 12 months.
Accordingly, the Company’s financial report has been prepared on a going concern basis, which contemplates the continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.
(b) Foreign currency translation
(i) Functional and presentation currency
Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’).
Cricket Australia
Notes to the financial statements
30 JUNE 2024
(ii) Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognised in profit or loss. They are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation.
(c) Revenue recognition
The Company has applied the five step model under AASB 15 to determine when to recognise revenue and in what amount by:
1. Identifying the contracts with customers
2. Identifying the separate performance obligations (PO)
3. Determining the transaction price
4. Allocating the transaction price to the separate PO
5. Recognising revenue when each PO is satisfied
The Company recognises revenue from the following major sources:
● sale of international and domestic media rights, after allowance for commission and charges;
● commercial sponsorship agreements;
● match income received for all international matches forwarded by State Associations or venues;
● distributions from external entities; and
● grant income from various Government and private bodies.
(i) International and domestic media rights
The Company enters into agreements with broadcast partners in respect of international and domestic broadcast rights for the viewing of live and archive footage of cricket matches held in Australia. These agreements span between a period of one to seven years in length.
International media rights revenue is recognised, after allowance for commission and charges, at the completion of the relevant match covered by the underlying contract. The company has provided
a right to use its intellectual property to the broadcast partners where the control of the rights are transferred to the customer at the point in time a match is successfully completed (at which the customer is able to use and benefit from the licence).
Domestic media rights revenue is recognised on a straight-line basis over the duration of a season as the Company has provided a right to access its intellectual property to the broadcast partners throughout the licence period. As the agreement provides the broadcast partners with the media rights over the term where the licence fee does not vary based on the number of matches, revenue is recognised on a straight-line basis over time.
(ii)
Commercial sponsorships
The Company enters into contracts with customers for the sponsorship of matches, series, teams and services in exchange for promoting the brand of the sponsor. Sponsorship agreements typically cover a period between one to three years. Consideration received under sponsorship agreements may be cash or value in kind goods and services (non-cash). The fair value of non-cash transactions received or expected to be received are included in the total transaction price of the agreement. Value in kind elements are typically specified in the sponsorship agreements and there is no significant judgement involved in estimating such consideration.
The Company may have various performance obligations over the duration of a contract, with the overall objective of promoting and furthering the brand of the sponsor. In respect of contracts with multiple performance obligations, the Company allocates the total consideration receivable to each separately identifiable performance obligation based on their relative fair values, and then recognises the allocated revenue as performance obligations are satisfied evenly over time. Revenue is therefore recognised on a straight-line basis over the term of the sponsorship agreement.
(iii)
Match income
The Company enters into agreements with state and territory cricket associations or venues to receive a percentage of gross gate takings for all international cricket matches held in Australia. Revenue is recognised at a point in time, when each match has been played.
Notes to the financial statements
30 JUNE 2024
(iv) Distributions
The Company recognises distributions received under its member agreement with the International Cricket Council (ICC). Revenue is recognised on a straight-line basis over the term of the agreement subject to the application of a constraint on this variable consideration. Due to the variable nature of tournament revenue impacting the distribution amounts and the authorisation mechanisms in place for the approval of distributions, the Company’s ability to recognise revenue is constrained by external factors beyond the Company’s control. As such the Company has applied a full constraint in relation to variable consideration in its assessment of the revenue recognised as the Company is not able to conclude that it is highly probable that a significant reversal in the cumulative amount of revenue recognised would not occur when the uncertainty is resolved (which is at the time of receipt of distributions as the distributions are at the sole discretion of the ICC board).
(v)
Grants
Grant revenue is received by the Company from agreements with Government and private bodies for a range of projects and initiatives. These include both operating and capital grants.
The Company assesses each grant agreement as to whether it is a donation and falls under the scope of AASB 1058 Income of Not-for-Profit Entities or is a contract with a customer under AASB 15. Most of the Company’s agreements are deemed enforceable and have sufficiently specific performance obligations and are therefore recognised in accordance with AASB 15.
Operating grant revenue within the scope of AASB 15 is recognised over time as the distinct performance obligations set out within the grant agreement are satisfied. Capital grants are recognised progressively over time as the underlying asset is constructed. The progressive percentage costs incurred is used to recognise revenue because this most closely reflects the construction progress as costs are incurred as the works are done.
Income from grants without any sufficiently specific performance obligations is recognised when the Company has an unconditional right to receive cash, which usually coincides with the receipt of cash.
The Company recognises contract liabilities for consideration received in respect of unsatisfied performance obligations and reports these amounts as revenue received in advance in the statement of financial position (see note 18). Similarly, if the Company satisfies a performance obligation before it receives the consideration, the Company recognises either a contract asset, reported as accrued income, or a receivable in its statement of financial position, depending on whether something other than the passage of time is required before the consideration is due. Accrued income and receivables are subject to an impairment assessment in accordance with AASB 9. Refer to note 2 for further information.
(d) Income tax
The Company is exempt from Australian income tax pursuant to Section 50-45 of the Income Tax Assessment Act 1997.
(e) Impairment of assets
Assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Nonfinancial assets that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting year.
(f) Cash and cash equivalents
For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Notes to the financial statements
30 JUNE 2024
(g) Trade receivables
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 30 days and are therefore all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognised at fair value. The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method.
The Company applies the AASB 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables.
To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due.
(h) Other loans and receivables
Loans and receivables are included in current assets, except for those with maturities greater than 12 months after the reporting date which are classified as non-current assets. Loans and receivables are included in trade and other receivables in the statement of financial position (note 7).
(i) Accrued income
Accrued income is the right to consideration in exchange for goods or services transferred to the customer. If the Company performs its obligations by transferring goods or services to a customer before the customer pays consideration or before payment is due, accrued income is recognised for the earned consideration. Accrued income is included in trade and other receivables in the statement of financial position (note 7).
(j) Financial assets
(i) Trade and other receivables
Receivables are recorded at amortised cost using the effective interest method, less impairment. The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or where appropriate, a shorter period.
(ii) Impairment of financial assets
The Company recognises a loss allowance for expected credit losses of investments in debt instruments that are measured at amortised cost. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument.
The Company always recognises lifetime expected credit losses (ECL) for trade receivables. The ECL on this financial asset is estimated using a provision matrix based on the Company’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as forecast direction of conditions at the reporting date, including time value of money where applicable.
For all other financial instruments, the Company recognises lifetime ECL when there has been a significant increase in credit risk since initial recognition. However, if the credit risk on the financial instrument has not increased significantly since initial recognition, the Company measure the loss allowance for that financial instrument at an amount equal to 12-month ECL.
Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. In contrast, 12-month ECL represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date.
(k) Derivatives and hedging activities
Derivatives are initially recognised at fair value on the date a derivative contract is entered into, and they are subsequently remeasured to their fair value at the end of each reporting period. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged. The Company designates certain derivatives as hedges of a particular risk associated with the cash flows of recognised assets and liabilities and highly probable forecast transactions (cash flow hedges).
At inception of the hedge relationship, the Company documents the economic relationship between hedging instruments and hedged items including whether changes in the cash flows of the hedging instruments are expected to offset changes in
Notes to the financial statements
30 JUNE 2024
the cash flows of hedged items. The Company documents its risk management objective and strategy for undertaking its hedge transactions.
Movements in the hedging reserve in shareholders’ equity are shown in note. The full fair value of a hedging derivative is classified as a non-current asset or liability when the remaining maturity of the hedged item is more than 12 months; it is classified as a current asset or liability when the remaining maturity of the hedged item is less than 12 months. Trading derivatives are classified as a current asset or liability.
The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in equity in the hedging reserve. The gain or loss relating to the ineffective portion is recognised immediately in statement of comprehensive income within other income or other expense.
Amounts accumulated in equity are recycled in the statement of comprehensive income in the periods when the hedged item affects profit or loss (for instance when the forecast media income that is hedged takes place).
When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative deferred gain or loss and deferred costs of hedging in equity at that time remains in equity and is recognised when the forecast transaction is ultimately recognised in the statement of comprehensive income. When the forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the statement of comprehensive income.
(l) Property, plant and equipment
Freehold land is carried at cost and is not depreciated. Property, plant and equipment (excluding freehold land) is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is
derecognised when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred.
Depreciation is calculated using the diminishing value basis to allocate the cost or revalued amounts of the assets, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements, the shorter lease term as follows:
● Buildings 2.5%;
● Plant and equipment 20% - 30%;
● Leasehold improvements 20%; and
● Freehold improvements 20%.
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting year.
An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount (note 1(e)).
Gains and losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss. When revalued assets are sold, it is Company policy to transfer any amounts included in other reserves in respect of those assets to retained earnings.
(m) Investment properties
The investment properties are two double story semi detached Victorian dwellings adjacent to the current business premises and are held for long term organisational growth. The investment properties are carried at historical cost less depreciation. Rental revenue is recognised on a straight line basis over the term of the lease agreement.
(n) Intangible assets
Assets that are identifiable as non-monetary without physical substance are recognised as intangible assets. The Company estimates the useful life of the internally generated software to be 5 years based on the expected technical obsolescence of such assets. However, the actual useful life may be shorter or longer than 5 years, depending on future technological innovations.
Notes to the financial statements
30 JUNE 2024
(o) Trade and other payables
These amounts represent liabilities for goods and services provided to the Company prior to the end of the financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method.
(p) Provisions
Provisions for legal claims, service warranties and make good obligations are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.
(q)
Employee benefits
(i) Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits and annual leave that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liability for annual leave is recognised in the provision for employee benefits. All other short-term employee benefit obligations are presented as payables.
(ii) Other long-term employee benefit obligations
The liabilities for long service leave and annual leave that are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the end of the reporting period of high-quality corporate bonds with terms and currencies that match, as closely as possible, the estimated future cash outflows.
The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.
(iii) Player payments adjustments
A liability is recognised and is measured as the expected future payments to be made to players in relation to entitlements arising for service up to balance date, determined in accordance with the 2023-2028 Memorandum of Understanding (MOU). The player payment adjustment in any relevant contract year will represent any shortfall in the Player Payments Pool (PPP) that has arisen due to actual Australian Cricket Revenue (ACR) exceeding the Australian Cricket Revenue Estimate, less any excess in the PPP that has arisen in any relevant contract year due to the ACR Estimate exceeding actual ACR.
(r) Retirement schemes
During the year, the Company operated a post-employment plan (Umpires’ Retirement Benefits Scheme). Liabilities are recognised based on set rates and the relevant umpire’s service to the Company and Members. The portion of entitlements expected to be paid within 12 months is recognised as a current liability.
Notes to the financial statements
30 JUNE 2024
Payment of the benefit is entirely at the discretion of the Company and occurs after retirement. When payment is made, interest at commercial bank bill rates is applied for the period between retirement and payment. The Company will determine the umpire’s value of credits to be made for specified cricket matches annually and will confirm those matches which will qualify for credits. Umpire’s benefits scheme payouts are based on accrued value credits earned until retirement from umpiring.
(s) Funding to members
Funding payments are made to the Members of the Company to support ongoing operations including state player payments and game development. Funding payments are recognised as an expense to the extent that payment is required by virtue of the By Laws. Clause 3 of the By Laws of the Company permits the funding from time to time of surplus funds (over and above the obligations under the By Laws) provided it is for the purposes of promoting and developing the game of cricket. Such discretionary funding payments are recognised directly as adjustments against accumulated funds.
(t) Goods and Services Tax (GST)
Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the statement of financial position.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flows.
(u) Rounding of amounts
The company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts in the financial statements. Amounts in the financial statements have been rounded off in accordance with the instrument to the nearest thousand dollars, or in certain cases, the nearest dollar.
2 Critical estimates, judgements and errors
The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. Management also needs to exercise judgement in applying the Company’s accounting policies.
(a)
Critical accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
(i)
Provision for Employee Entitlements – Player payment adjustments
The Company recognises a provision for the expected long-term obligations arising under a revenue share agreement with the Australian Cricketers’ Association. To the extent that actual revenue varies from current forecasts over the agreed term, the ultimate amount payable will vary. Refer to note 16 for further details.
(ii)
Distributions from the International Cricket Council (ICC)
The Company is entitled to funding from the International Cricket Council (‘ICC’) as part of its member agreement. Due to the variability of the distributions, the Company has applied a full constraint in relation to the consideration received as the Company is not able to conclude that it is highly probable that a significant reversal in the cumulative amount of revenue recognised would not occur when the uncertainty is resolved (which is at the time of receipt of distributions as the distributions are at the sole discretion of the ICC board).
4 Other income
the financial statements
5 Expenses
The
Employee benefit expense includes MOU related adjustments to the player payment provision.
Notes to the financial statements
6 Current assets – Cash and cash equivalents
* The cash and cash equivalents disclosed above and in the statement of cash flows include $1,921,000 (2023: $1,870,000) of restricted cash held for government grants. These funds are not available for general use.
7 Trade and other receivables
(a) Receivables due from Members and other related parties
As at 30 June 2024, trade and other receivables include amounts receivable from Members of $7,324,827 (2023: $5,163,897) and amounts from other related parties of nil (2023: nil).
As at 30 June 2024, loans to related parties include:
● A strategic loan made to Cricket Tasmania with repayments commencing on 31 July 2025 to 30 June 2026 of $2,000,000 (2023: $2,000,000).
● A loan arrangement has been entered into with an associate member during the period with a repayment date of 31 August 2028. Due to the current financial position of the associate member, Cricket Australia has fully impaired the amounts receivable from the associate member as at 30 June 2024. This impairment will be reviewed annually and reassessed based on the associate member’s financial capacity to make repayments in future years.
These loan arrangements are interest free with the respective parties.
Notes to the financial statements
8 Current assets – Other current assets
9 Derivatives
The Company has the following derivative financial instruments in the following line items in the statement of financial position:
In the year ended 30 June 2024, there was no unrealised gain/loss (2023: $101,890 loss) in forward exchange contracts transferred to the statement of comprehensive income.
From time to time, the Company enters into derivative financial instrument contracts to mitigate foreign exchange risk in respect to overseas revenues in accordance with the Company’s financial risk management policies. The Company has assessed the contracts for hedge effectiveness with the deferred gain in relation to those contracts assessed as effective hedges recognised in the hedging reserve at balance date, in accordance with accounting policy 1(k). The contracts are timed to mature when revenues are due to be received and are treated as cash flow hedges.
Notes to the financial statements
Property, plant and equipment
to the financial statements
Non-current assets – Investment properties
(a) Fair value of investment properties
The investment properties, both residential premises, are not occupied by the Company and are recognised at cost and subsequently carried at historical cost less accumulated depreciation. Based on an independent assessment made by a member of the Australian Property Institute at 1 June 2023, the fair values of investment properties total $5,000,000.
(b) Leasing arrangements
Both investment properties are leased to tenants on a month by month basis, therefore there are no contractual minimum lease payments receivable. Rental income on the investment properties is disclosed in note 4.
Notes to the financial statements
13 Non-current assets – Intangible assets
Intangible assets consists of capitalised software development costs being an internally generated intangible asset.
14 Current liabilities – Trade and other payables
As at 30 June 2024, trade and other payables include amounts due to Members of $2,365,255 (2023: $1,797,120).
Notes
the financial statements
(a) Revenue recognised in relation to contract liabilities
Revenue recognised that was included in the revenue received in advance balance at the beginning of the period:
*Non-current other provisions represent a carried forward balance from the settlement of the 22-23 MOU period.
Cricket Australia Notes to the financial statements
30 JUNE 2024
Player payments adjustment
The Company entered into an arrangement with the Australian Cricketers’ Association which entitles professional cricketers to a certain share of Australian Cricket Revenue (ACR) as part of a five year agreement to 30 June 2028, with settlement expected in October 2028.
This share consists of a guaranteed percentage plus a performance percentage. A provision for player payments is recognised at 30 June 2024.
As disclosed in 1(r), the Umpires’ Retirement Benefits Scheme (URBS) employee entitlement is a post-employment plan.
The reconciliation of the movement in the present value of the plan is as follows:
No restricted funds are held for URBS. The current portion of the liability is determined based on expected retirements in the next financial year.
17 Non-current liabilities – Borrowings
The Company renewed its Facility Agreement of $50m in FY23 with National Australia Bank, expiring 30 June 2026.
18 Capital
The Company is incorporated as a company limited by guarantee. Under its constitution, the liability of Members is limited to $1,000 per Member and the Board cannot declare a dividend to Members, however grants may be made in accordance with the By Laws.
Notes to the financial statements
30 JUNE 2024
19 Other reserves and accumulated funds
(a) Other reserves
(i) Nature and purpose of other reserves
It is the policy of the Company to enter into foreign exchange forward contracts to manage the foreign currency risk associated with anticipated media and broadcasting revenue out to 2028. Basis adjustments are made to the initial carrying amounts when the anticipated purchases take place.
The Company has entered into licensing agreements to media and broadcasting agreements. The Group has entered into foreign exchange forward contracts to hedge the exchange rate risk arising from these anticipated future transactions. It is anticipated that the revenue will be recognised over the next 5 financial years, at which time the amount deferred in equity will be reclassified to profit or loss.
The hedging reserve is used to record the deferred gains on effective cash flows as described in note 1(k).
(b) Accumulated funds
Movements in accumulated funds were as follows:
Funding paid to Members has been recognised in accordance with the accounting policy disclosed in note 1(s). As the Company is exempt from income tax (refer note 1(d)), funding payments are unfranked and no franking account is maintained.
Notes to the financial statements
20 Remuneration of auditors
During the year the following fees were paid or payable for services provided by the auditor of the parent entity, Cricket Australia, its related practices and non-related audit firms:
(i) Audit and other assurance services
Deloitte Touche Tohmatsu are the auditors of Cricket Australia.
The Other Services – tax compliance, were provided by Deloitte Touche Tohmatsu LLP, India.
21 Contingencies
The Company had no contingent liabilities at 30 June 2024 (2023: nil).
22 Commitments
Capital commitments
Significant capital expenditure contracted for at the end of the reporting period but not recognised as a liability is as follows:
Notes to the financial statements
23 Related party transactions
(a) Directors
The names of each person who were Directors of the Company at any time during the financial year are as follows:
S Adam-Gedge, M B Baird AO, R J Freudenstein, P J Green, V A Guthrie AO, J Harnden AM, L J Henderson, D Maddocks, G J Rowell, C Smith.
(b) Key management personnel compensation
Key management personnel compensation for the years ended 30 June 2024 and 30 June 2023 is set out below. The key management personnel are all the Directors and the executives with the authority for the strategic direction and management of the Company.
* Includes $0.4M in termination benefit payments and entitlements, including outstanding leave balances relating to the key management personnel who departed their roles during the year.
(c) Payments to and from Members
In accordance with the Company’s By-Laws, payments are made to Members to assist with their operational costs. The levels of funding to Members is set-out per the funding agreements to enable the fulfilment of strategic objectives across Australian Cricket. Additional funding, is provided in recognition of profits Members would have generated from individual activities.
The Company undertook transactions with each of the Members during the year in the normal course of business.
As at 30 June 2024, the Company has forecasted that it will provide funding to Members in the 2024-25 financial year of $189,530,859 (2023: $186,718,767).
Notes to the financial statements
24 Events occurring after the reporting period
The Company’s CEO Nick Hockley announced on 6 August 2024 that he will step down in March 2025, or potentially later depending on the process to appoint his successor.
25 Cash flow information
(a) Reconciliation of deficit to net cash inflow/(outflow) from operating activities
Directors’ declaration
30 JUNE 2024
In the Directors’ opinion:
(a) the financial statements and notes set out on pages 36 to 60 are in accordance with the Corporations Act 2001, including:
(i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements, and
(ii) giving a true and fair view of the entity’s financial position as at 30 June 2024 and of its performance for the financial year ended on that date, and
(b) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Directors.
M B Baird AO Director Melbourne
P J Green Director Melbourne
CA is developing our third Reconciliation Action Plan (RAP) and the second at Stretch level.
Built on inspiration drawn from Cricket’s 10-year reconciliation journey, our RAP will set out how we will foster respectful and inclusive environments on and off the pitch, where equitable outcomes for Aboriginal and Torres Strait Islander peoples are delivered, cultures are celebrated and histories are accepted.
We commissioned Ky-ya Nicholson Ward to create an original artwork for our RAP.
Ky-ya is a 21 year old Wurundjeri, Dja Dja Wurrung, Ngurai illum Wurrung, German and Irish woman and is based in Naarm (Melbourne). Ky-ya is a passionate First Nations artist who tells the stories of her ancestors, family and Country. She also uses her art to educate and to advocate political issues around the world. Ky-ya is also an activist, mentor and dancer with Djirri Djirri Cultural Services.
The footprints and paths connecting the meeting places represents the journey from the past, present to the future focusing on the aim of reconciliation, diversity and unity.
represents the future, symbolising
discrimination, racism and overall
who have represented Australia, highlighting how they inspire so many people and paving the way
The diamond linework symbolises the resilience and strength of First Nations people. The hands symbolise connection to Country and caring for each other.
The meeting places in the background symbolises unity and inclusion. Highlighting the culture and community sport creates and the sense of belonging.
