AusLeisure

The Australian Sports Commission is investing an additional $2 million to financially support athletes and their families as they prepare for the Paris 2024 Olympic and Paralympic Games.

The ASC note that "to win medals in an increasingly competitive environment, many athletes must train full-time, which is why this financial support is needed."

A valuable uplift to direct Athlete Income Support (dAIS) grants is aimed to alleviate some of the financial pressure during preparation for the Games.

Today’s announcement sees the maximum support an athlete can receive via dAIS rise to $37,500.

Those identified to have the greatest potential to contribute to Australia winning medals at major international events will receive an additional one-off payment on top of their annual dAIS grant allocation.

ASC Chief Executive Kieren Perkins shared “The athletes we are supporting get little exposure outside of their pinnacle events every four years. Many are living at home and training full-time for little financial reward. This small boost will ensure their preparations and wellbeing are not negatively impacted by financial pressures.

“The ASC thanks the Australian Government for their support of our athletes who will inspire millions of Australians when they take on the world in Paris next year.”

dAIS is a means-tested grant program to ensure funding is allocated to the athletes who have the greatest need for financial support.

dAIS grants are supporting 850 athletes this financial year, with a total investment of $16.6 million.

This top-up in dAIS grant funding follows the $20 million Paris 2024 Olympic and Paralympic Preparation Fund announced by the Australian Government in July which is directly supporting national sporting organisations to get more athletes and coaches to key qualification and pre-Paris competitions ahead of the Games.

It also enabled an additional 56 high performance projects to be greenlit and enhance Australia’s prospects for medals at the Paris 2024 Games.

Athletes preparing for the 2026 Winter Games and the 2028 Olympic and Paralympic Games in Los Angeles have also received a funding boost this year.

Related Articles

22nd September 2023 - Australian Sports Commission funds 56 projects to help athletes prepare for Paris 2024

29th August 2023 - Paralympics Australia announces Paris 2024 partnership with Citibank Australia

27th July 2023 - $1.5 million donated to support Queensland Olympians and Paralympians ahead of Paris 2024

25th July 2023 - Federal Government announces $20 million Paris 2024 Olympic and Paralympic Preparation Fund

23rd June 2023 - Fiona de Jong spotlights Australia’s high performance sport strategy at Paris event

23rd February 2023 - Poligras to deliver hockey’s first carbon zero turf for Paris 2024

25th January 2023 - Swimming Australia’s path to Paris Olympics begins in Busselton

21st January 2023 - Paris 2024 and On Location launch groundbreaking centralised hospitality model

6th October 2022 - Gold Coast chosen to host first Australian BMX qualifying event for Paris 2024 Olympic Games

28th July 2022 - Australian athletes’ preparation for Paris 2024 boosted by French agreement

2nd May 2022 - World Skate announces qualification rules for Paris 2024

22nd December 2021 - Federal Government announces funding package for Paris 2024 Olympics and Paralympics

9th December 2020 - World Skate announces skateboarding officially added to Paris 2024 Olympic Games

17th December 2019 - Paris 2024 chooses Tahiti as site for Olympic surfing events

23rd November 2019 - Paris Mayor warns IOC of Airbnb ‘risks’ in advance of 2024 Olympics

---

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.