Australian Olympic Committee - Funding

Funding

The AOC raises the necessary funds for the preparation, participation and recognition of members of Australia's Olympic Teams through corporate sponsorship, licensing and traditional fundraising activities. Each State Olympic Council has the task of raising funds via traditional fundraising activities. The AOC also receives an annual distribution from the Australian Olympic Foundation.

In the period 2005-2008, the total AOC funding for Olympic programs was in excess of $42 million, or an average of $10.5 million per calendar year. As would be expected, the majority of the funds were expended in 2008 during the year of the Beijing Olympics.

In comparison, the governments of Australia spent substantially more on funding sport and recreation in Australia. In the period 2000-01, total government funding for sport and recreation activities was $2.1 billion.

The Commonwealth Government, through the Australian Sports Commission and the Australian Institute of Sport, is the major funding source for elite sport in Australia. In the 2006-07 financial year, the Australian Sports Commission spent $151 million to achieve excellence in high performance sport. This included $56 million funding for the Australian Institute of Sport.