Australia, 15th March: The Australian government has established a new programme, the Boosting Business Events Bid Fund with initial financing of A$12 million (US$9.4 million). The fund is designed to attract more global conferences, conventions and exhibitions to Australia over the next three years.

The program will be managed by Tourism Australia through its Business Events Australia unit. It is Australia’s first federal government-funded business events bidding fund and it will be tasked with providing financial support to help secure events in across Australia. The fund will begin accepting applications on 1st May.