Federal opposition backs event industry’s call for cancellation insurance plan

Calls for the federal government to purchase a national insurance plan to cover operational losses due to the cancellation or postponement of commercial events and live shows related to COVID-19 have been backed by Labor Australia Tony Burke, the Shadow Minister of the Arts.

The Labor opposition’s support for emergency blanket coverage for the industry follows Burke and Shadow Minister of Sports and Tourism Senator Don Farrell, who heeded the business events sector’s call for a additional support through a national insurance scheme in an online meeting with representatives of the Business Events Council of Australia (BECA).

Commenting on the discussions on the key areas where the industry needs support, Geoff Donaghy of ICC Sydney and the Vice President of BECA said “given the significant lead time required for the national restart of the trade events industry , many parts of our critical supply chain will be faced with the challenge of surviving without functional revenues, noting that all deposits received for future activity must be held securely until services are provided.

“These businesses will continue to operate at a loss for another six months or more.”

The BECA also formally submitted a response to the Federal Performance Insurance Guarantee Fund Bill 2021 live to the Senate Committee on Environmental Legislation and Communications – supporting its position that the absence Insurance against events related to the COVID-19 pandemic is a drag on confidence and will slow the recovery of the events industry in 2022.

Donaghy noted that “BECA identified risk mitigation as a key challenge for governments to address over twelve months ago and we continue to view this as a priority for the recovery.

“A Commonwealth government-led national event insurance program, delivered in partnership with state and territory governments, remains our preferred model. “

Explaining that the opposition had lobbied the federal government for over a year to introduce an insurance plan, Burke commented, “It’s time for the federal government to listen and act.

“The live music and events industry needs an interruption insurance plan to get back on its feet and plan for the future.

“The federal government was willing to provide such a program for the screen sector but not for the arts industry or live events, and they gave no reason.”

Senator Farrell said he looked forward to continuing to work with BECA “to ensure that this once thriving industry recovers as quickly as possible”, adding “there is no doubt that the trade events industry has suffered significantly from the pandemic.

“Plus, like many other industries, it is clear that the corporate events industry cannot turn back the clock as soon as the borders open. “

Event planners, who have largely been unable to secure insurance to cover the costs of COVID-related cancellations, have been a major obstacle to the resumption for businesses and industries of live events .

Images: Tony Burke, Australian Shadow Minister for the Arts (top) and Geoff Donaghy of ICC Sydney and BECA Vice President (bottom).

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Nigel benton

Co-Owner / Publisher, Australasian Leisure Management

Nigel Benton is co-owner and publisher of Australian leisure managerst, Australia and New Zealand’s only magazine for professionals in all areas of the leisure industry. After establishing the magazine in 1997, shortly after moving to Australia, it managed to grow its readership to over 11,500 and its acceptance as an industry journal for professionals in water sports, attractions , entertainment, events, fitness, parks, recreation, sport and tourism. and places.

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