(1) Schedule 1, page 25 (after line 5), after Part 13, insert:

64A Subsection 10(1) (after table item 4)

Insert:

64B Subsection 10(1) (table, note)

Omit “eligible goods”, substitute “eligible event, eligible goods, event holder”.

64C At the end of section 10

Add:

(7) The regulations may make provision for calculating the relevant earnings of events promoters if 2 or more events promoters market the same eligible event (see item 4A of the table in subsection (1)).

64D Subsection 23(1)

After “services,”, insert “an event,”.

64E After section 25

Insert:

(1) Subject to subsection (2), an event is an eligible event if:

(a) the event is held in Australia; and

(b) there is an events promoter for the event; and

(c) the events promoter is not, in Austrade's opinion, closely related to the event holder; and

(d) the event is not an event of a kind prescribed by the regulations for the purposes of this paragraph.

(2) Despite subsection (1), a particular event that, apart from this subsection, would be an eligible event, is not such an event if Austrade determines, in writing, having regard to all the facts available to it, that the Australian input in the event is not sufficient to ensure that Australia will derive a significant net benefit from the holding of the event.

64F At the end of section 37

Add:

(2) For the purposes of section 33, an eligible promotional activity in relation to an applicant is for an approved promotional purpose if it is carried out for the purpose of promoting an eligible event, for which the applicant is an events promoter, to persons outside Australia.

(3) An eligible promotional activity is not for an approved promotional purpose if it is carried out for the purpose of soliciting sponsorship for an eligible event.

64G After subsection 46(1)

Insert:

(1A) However, subsection (1) does not apply to expenses of an applicant incurred as an events promoter.

64H Paragraph 101(1)(b)

Repeal the paragraph, substitute:

(b) guidelines to be complied with by Austrade in forming, for the purposes of paragraph 25A(1)(c), an opinion whether an events promoter is, or is not, closely related to an event holder and, for the purposes of Part 5, an opinion whether a person is, or is not, closely related to an applicant; and

64J Section 107

Insert:

eligible event has the meaning given by section 25A.

64K Section 107 (after paragraph (b) of the definition of eligible products)

Insert:

(ba) eligible events; or

64L Section 107

Insert:

event includes a conference, a meeting, a convention, an exhibition and a sporting, cultural or entertainment event.

64M Section 107

Insert:

event holder, in relation to an event, means the person holding the event.

64N Section 107

Insert:

events promoter, for an event, means a person that markets the event, under a written contract between the person and the event holder, to persons outside Australia.

(2) Schedule 1, page 25, after proposed Part 13A, insert:

64P Subsection 33(2) (at the end of the table)

Add:

64Q After section 34

Insert:

(1) This section sets out the allowable expenses of an applicant in respect of bringing a buyer to Australia (see item 7 of the table in section 33).

(2) Subject to subsections (5) and (6), an air fare for any air travel reasonably undertaken by the buyer is an allowable expense.

(3) Subject to subsections (5) and (6), all transport expenses (other than air fares) in respect of any travel reasonably undertaken by the buyer are allowable.

(4) Subject to subsections (5) and (6), all reasonable expenses for accommodation and meals for the buyer are allowable.

(5) Expenses that are also claimable expenses in respect of another activity mentioned in the table in section 33 are not allowable.

(6) Expenses exceeding a total of $7,500 in respect of bringing any one buyer to Australia on any one occasion are not allowable.

(3) Schedule 1, item 66, page 28 (lines 5 and 6), omit the item, substitute:

66 Diagram 3 in the Reader's Guide (table item 4)

Repeal the item, substitute: