Motorsport on the agenda at Parliament House…
Parliamentary Friends of Motoring hosted an event at Parliament House in Canberra today where the economic value of motorsport was discussed with Senators and Members.
CAMS recently released a report by Ernst Young – “Economic Contribution of the Australian Motorsport Industry”. The Report highlights the importance of motorsport to Australia, by estimating the economic contribution, value add and employment of the industry.
The Report showed that in 2013, the four wheel motorsport industry generated $2.7 Billion direct industry output and $1.2 Billion direct value added and provided 16,224 direct jobs. The Report went on to say that over 150,000 people participate in motorsport across Australia, through competing, officiating or participating in car club activities.
Motorsport is deeply embedded in Australian culture, it adds to community cohesion and development, and is the fourth most watched sport in Australian in terms of spectator attendance, behind Australian Rules football, horse racing and rugby league.
Rally Australia also presented an update on the FIA World Rally Championship to be held in Coffs Harbour in September this year and the benefits to the region.
Parliament Friends of Motoring is proudly co-hosted by AMEP Senator Ricky Muir, Labor Senator Kate Lundy and Liberal MP Fiona Scott.
To see the full CAMS Report - http://docs.cams.com.au/…/Admin…/CAMS_EYReport_201014_LR.pdf