KPMG SCORES FRONT ROW AT 2018 GAMES

Written on the 30 November 2015 by Nick Nichols

KPMG SCORES FRONT ROW AT 2018 GAMES

KPMG has thrown its corporate weight behind the 2018 Commonwealth Games in a deal that will see the accounting group assist in both the lead-up and the dismantling of the event.

KPMG has signed up as a tier-two sponsor of the event on the Gold Coast through which it will offer Games organiser GOLDOC a broad range of professional services as its staff numbers ramp up in earnest over the next two years.

"In the last six months we've gone from 50 to 60 staff to 160,"says Mark Peters (pictured left), the CEO of GOLDOC.

"In the middle of next year we'll be around 260 odd and then we'll blossom out to 1600 at Games time.

"It's in these last two-and-a-half years that we need to bring the expertise and we need to have people working with us who bring those skillsets to the table."

Financial details of the sponsorship remain under wraps, although KPMG's commitment includes assistance in all aspects of taxation, financial planning, internal audit, workforce and procurement for the Games.

KPMG and its 50-strong Gold Coast team are aiming to make to the most of the exposure the event will offer.

"You can't underestimate the complexity of putting on a set of Games like this and what's involved to deliver what they'd like to be the best Games staged," says Rob Jones, the Brisbane-based chair of KPMG Queensland.

"It is probably going to be the largest event in Australia over the next 10 years. The opportunity for us to showcase our skills is a great opportunity to contribute, and make sure those Games are as successful as they can be.

"We are a global firm but we are also very local. The Gold Coast office is one that's very important to our Queensland practice and the Gold Coast community is a growing community with great opportunity.

"The Commonwealth Games are going to very much add to that sense of development of the Gold Coast."

KPMG's ties on the Gold Coast stretch back almost 60 years, with the company's current operation the result of a string of mergers and acquisitions in that time. It is the only big four accounting firm with a presence in the city.

Adam Twemlow (pictured right), KPMG Gold Coast partner in charge, says the Games have already brought material change to the local economy through a broad range of infrastructure projects, including the Jupiters Casino expansion, Gold Coast Airport upgrade and the planned light rail extension to Helensvale.

"You can see a level of excitement and enthusiasm starting to build in the economy," he says.

"All will have a knock on effect into the economy and I can see it getting more momentum as we get closer."

Twemlow says KPMG's commitment to the Games will extend well after the event ends in 2018 as the accounting firm will assist with the dissolution of the Games corporate structure.
As for fears of a post-Games slump touted by some observers, Twemlow doesn't see it happening.

"I think we've got some good momentum going on; there's a lot of investment in the Gold Coast," he says. "I'm very positive about our economic future."

 


Author: Nick Nichols

Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter