August 26, 2021 | By Joyce DiMascio
As reported last week, the Business Events Council of Australia (BECA) met with Dan Tehan, the Federal Minister for Trade, Tourism and Investment, to discuss the needs of the industry in the face of the deepening impact of COVID-19 lockdowns around the country on the business events industry.
micenet contacted the Minister’s office for feedback on what the Minister will do as a result of the meeting.
This week, micenet was able to speak with the Minister’s senior tourism advisor who indicated that the meeting served as a valuable update for the Minister.
micenet stressed the importance of the industry hearing back from the Minister following this meeting with BECA as the industry needs to know how the Government may respond to their pleas for support.
We are hopeful that a statement will be made to the industry. At a time like this, communication from the Federal Minister responsible for our sector is essential.
micenet echoed the industry’s calls for a national approach to an industry insurance underwriting scheme as well as reinforcing the urgency around targeted industry support.
This week in Sydney, Deputy Lord Mayor Councillor Jess Scully brought together major peak bodies representing all parts of the live events and performance industry.
Participants shared feedback on their advocacy efforts specifically on the insurance issue.
There appears to be a long way to go – several peak bodies indicated that the Federal Government may be expecting the state governments to play a major role.
The Deputy Lord Mayor’s intervention has created a powerful forum for co-ordinating a whole-of-industry approach to the campaign for insurance support. All the major stakeholders and associations involved in live events, including business events, entertainment and performance, the arts and sport as well as major insurance brokers took part.
The meeting heard feedback from the events sector in the UK that indicated the £750 million Live Events Reinsurance Scheme launched there earlier this month was still being worked through but that early indications were it was costly and had barriers. The scheme, in partnership with Lloyd’s sees the government act as a ‘reinsurer’ – stepping in with a guarantee to make sure insurers can offer the products events companies need.
Monday’s industry meeting co-ordinated by Councillor Scully showed the breadth and diversity of Australia’s events industry. In economic and social terms, this has never been measured, weakening the advocacy power of the combined industry.