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South Australian Motor Sport Board

Functional responsibility

The South Australian Motor Sport Board (the Board) was established pursuant to the South Australian Motor Sport Act 1984.

The main functions of the Board are to promote motor sport events within the State including entering into agreements, establishing a temporary motor racing circuit and conducting and managing motor racing events. For details of the Board’s functions refer note 1 of the financial report.


Financial statistics
Net cost of providing services: $12.2 million
SA Government revenues: $11.2 million
   
Ticketing sales: $6.5 million
Hospitality and sponsorship: $8.1 million
   
Number of FTEs: 11.6

Significant events and transactions
  • The Statutes Amendment (Boards and Committees – Abolition and Reform) Act 2015 came into operation on 1 July 2015. The effect of this legislation was to transfer all functions to the South Australian Tourism Commission (the Commission) and abolish the Board as a separate entity.
  • The V8 Supercar Championship Series Sanction Agreement was renewed in November 2014. Consequently the State, through the Commission, has the right to stage a motor sport event known as the ‘Clipsal 500 Adelaide’ for a period of seven years concluding in 2021.

Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issue:
  • Inconsistent evidence of approval of significant invoices