Karting Australia's Annual Report & Strategic Plan


  18 May 2016

Karting Australia has published the company's 2015 Annual Report plus the organisation's Strategic Plan for the next three years.

These documents can be downloaded via the links below. KA's official communication on both matters follows.

  • Download the Annual Report HERE (PDF format, 3.8Mb)
  • Download the Strategic Plan HERE (PDF format, 1.8Mb)

 


KA press release - Strategic Plan

Karting Australia has completed and released its Strategic Plan for the years 2016-2018. It creates a clear direction for Karting Australia’s future and will see karting hold a long-term position of prominence in the Australian motorsport landscape.

It is an important document, for the sport as it, sets the priorities for the sport and the business of the sport for the next three years.

Having been developed across the first two years since the “Company Limited by Guarantee” structure was implemented and following the comprehensive review of karting in Australia under direction of the Karting Australia Board, it sets the priorities for the sport and recognises the shared responsibility for the development of the sport in the years ahead.

The plan prioritises the creation of exciting, fair and safe competition, growth and development, cultural improvement and best practice governance.

These priorities will be accompanied by the focus on creating financial stability and security to allow appropriate development plans to be prepared and implemented while creating sustainable growth.

Karting Australia Chairman Mick Doohan said that the Strategic Plan is a “living document” that will be regularly reviewed with the realignment of priorities as and when the need is identified.

“Over the past two years there has been a lot of work put into this Strategic Plan to ensure Karting Australia has a clear direction for the future,” said Doohan.

“The priorities in this document will continually be reviewed by the Board and Staff of Karting Australia to ensure all of our goals are being met.”

At the same time as releasing the Strategic Plan, the Karting Australia Board has announced the extension of Kelvin O’Reilly’s contract as Chief Executive Officer for a further three years.

O’Reilly joined the Karting Australia in August 2013 after a lengthy career in Sports Administration across the V8 Supercars, World Rally and Super Touring Championships and consulted for various other international motorsport events. He is also a member of the Board for AFL Gold Coast Juniors.

“Stability and continuity in the management of the sport is essential” said Doohan.

“To have Kelvin commit to a further three years at the helm of our sport was vital.”

“Karting Australia would go a long way to find someone as experienced in sports administration as what Kelvin is. Since joining Karting Australia in 2013 he has helped to put the sport on a clear path on a bright future.

“We look forward to having Kelvin at the helm for at least another three years as we embark on some of the most exciting times for our sport.”

 


KA press release - 2015 Annual Report

Australian Karting Association Ltd (Karting Australia) today released the 2015 Annual Report covering its second full year of operation since restructuring as a Company Limited by Guarantee.

The 57-page report outlines the progress made in both the business and sporting aspects of Australian karting following the changeover.

Highlights of the report include:

  • Karting Australia’s strong financial result with an increased surplus of funds from trading activities;
  • Continued growth in the financial equity in the company with an increase of more than 55% over the past three years;
  • The strong uptake of new competition engines exceeded expectations;
  • A slight overall increase in the number of new racing licence holders over both 2014 and 2013 with stable numbers of total licence holders over the three year period.

The strong financial result along with an improvement in the Association’s equity have allowed the Board to plan for the commencement of the all-important grassroots development programs and safety initiatives announced recently.

Karting Australia Chairman Mick Doohan believes significant progress has already been made over the past two years, the Association is at the start of a ‘long and exciting journey.’

“Over the past two years the Board and management have made fact based decisions that had to be made to create a well governed and managed organisation,” said Doohan.

“We undertook a review of the whole sport and the Board and numerous stakeholders have all played a role in contributing to our Strategic Plan which will guide the sport over the next three years.

“We have created a secure financial position to have the funds and resources to deliver on initiatives for our members.

“Our CEO and staff have achieved more in two years than we could have hoped for at the outset. Professional management has enabled us to achieve a strong financial return for our investment and allows us to confidently look too and plan for the future of the sport.”

Doohan has been encouraged by the significant take up of the new IAME and Vortex engines and the fact that licence numbers remained on par with the previous year throughout 2015.

“The initial uptake of new engines has exceeded predictions and is continuing strongly in the early months of 2016,” said Doohan.

“The number of licences issued and the number of new licences issued remained consistent with the ebbs and flows of competition licences issued over many years. That we finished the year slightly up on new licenses issued and on par with the total licences over the past three years is very positive.

“However, the very long standing issue of retention of competitors within the sport remains an issue and will be a focus for 2016 and beyond.”

Doohan concluded with confirming the Board’s dedication to see the sport prosper for many decades to come highlighting the sport.


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