AIS launches new scheme to support world class athletes
The most comprehensive system of direct financial support of Australia’s current world class athletes and future stars of the international arena was launched today.
Called dAIS, the scheme supersedes the previous financial support scheme and features an increased investment, greater support to Australia’s best performed athletes and the introduction of support for emerging athletes.
“Training to be a world champion is a full time commitment,” said Australian Sports Commission Chief Executive Simon Hollingsworth.
“We are proud to provide financial assistance to the cream of our nation’s Olympic, Paralympic and Commonwealth Games athletes to enable them to train, recover and compete.
“The simple fact is most of these athletes are not financially well rewarded and would not have an opportunity to reach their potential without dAIS support.”
dAIS is a means-tested payment direct to the athletes who have shown they have the potential to achieve podium success for Australia at the world championship level as well athletes who have the potential to achieve podium results for Australia in the future.
To be eligible for dAIS an athlete must have an average after-tax income of less than $60,000 per annum over the previous four years.
Eligible world champions in an Olympic, Paralympic or Commonwealth Games discipline can receive up to $35,000 per annum while emerging athletes who show clear potential for a top three finish in future can receive up to $12,000 per annum.
“This payment, delivered through the AIS, is designed to help about 900 of our best and brightest athletes when they most need it,” AIS Director Matt Favier said.
“A detailed review of the previous scheme discovered financial support to athletes could be enhanced by changing the eligibility criteria and increasing the grant amounts.”
Through operational saving made by the Australian Sports Commission, an additional $1.6 million per annum has been injected into dAIS which increases the total investment in 2014-15 to $12 million.
Since the announcement of Australia’s Winning Edge strategy in November 2012, direct investment in athletes has increased by 43 per cent from $8.4 million.
Nominations from eligible national sporting organisations for the first round of the scheme are due on 10 October. Successful athletes are likely to receive their dAIS offer in late October.
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