The Australian Sports Commission has recently announced amendments to its Sport Governance Principles.
The ASC has also announced an increase in the number of Australian sporting organisations it requires to comply with the mandatory elements of the Sport Governance Principles.
In 2012 the Australian Sports Commission (ASC) published Sport Governance Principles detailing ASC’s guidelines about various aspects of the governance of sporting organisations.
In 2013, certain elements of the guidelines that the ASC believes are critical to good governance were made mandatory for the seven Australian sports organisation that receive the highest level of ASC funding (Mandatory Sports Governance Principles).
In early June 2015 the ASC:
- updated the Mandatory Sports Governance Principles; and
- announced it will now require the 15 sports organisations that receive the highest level of ASC funding to comply with the updated Mandatory Sports Governance Principles. The ASC has also commented that from time to time it will require additional sports organisations to meet the Mandatory Sports Governance Principles.
The updated Mandatory Sports Governance Principles can be accessed here.
The table below provides a summary of the material changes that have been made to the Mandatory Sports Governance Principles, including the addition of a new principle relating to independent directors (rule 2.7).
Click here to view the table.