Victoria has not yet paid $380 million in compensation for cancelling the 2026 Commonwealth Games. Reportedly, this delay is due to tax concerns in the United Kingdom. The Commonwealth Games Australia CEO Craig Phillips has been giving evidence in a state parliamentary inquiry examining Victoria’s decision to walk away from the event.
Victoria has not yet paid $380 million in compensation for cancelling the 2026 Commonwealth Games.The Commonwealth Games Australia CEO Craig Phillips has been giving evidence in a state parliamentary inquiry examining Victoria’s decision to walk away from the event.
Mr Philips told the hearing the Commonwealth Games Federation delayed the payment of the cancellation fee as it works through how much tax it will be forced to pay. “What they are concerned about is being hit with a very hefty tax bill and so they are just being cautious at the moment,” he said. “What that has done has delayed the triggering of the advice to the Victorian government to actually receive the money.”
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