EA VOLUNTARY ADMINISTRATION ANNOUNCEMENT

Dear EV Members and Community

This morning’s news from Equestrian Australia that it has gone into voluntary administration has taken us all by surprise. According to the announcement, the decision was made because Sports Australia has withdrawn its funding. Equestrian Victoria was given no prior warning of this development.

Whilst it may take some time for us to fully understand the impact this may have on our equestrian community here in Victoria, we want to confirm the following:

1. Equestrian Australia (EA) and Equestrian Victoria (EV) are separate legal entities and the decision taken by EA should not impact EV operations;
   
   
2. As a member of EV, you remain fully insured until 30 June 2020; 
   
   
3. EV will work directly with the administrators to put in place insurances for the coming financial year. However, as a result of today’s announcement we will be unable to open membership for renewal until we have some certainty around insurance moving forward;
   
   
4. EV is forecasting to be cash positive for FY20 and has satisfactory cash reserves at this time. We remain committed to our return to sport plan once COVID-19 restrictions ease and we will continue to support our members and affiliate clubs;
   
   
5. EV is seeking to meet with the administrators as soon as possible to work through issues arising and, in the longer term, will seek a voice in any proposals for any changes to EA's constitution or governance arrangements.

EV will keep you informed as more information comes to hand, but in the meantime we will continue working towards our return to sport plan, alongside our strategic objectives and underpinned by our commitment to our values of professionalism, integrity, transparency and collaboration.

Matthew Brown
CEO, Equestrian Victoria