Release Date: 14/08/2014
A well-managed restructure has resulted in the Tasmanian Chamber of Commerce and Industry ending the 2013-14 financial year with a surplus in excess of $60,000.
Tasmania’s peak industry body is also forecasting an even stronger surplus for this financial year following the restructure and the focus on the needs of its state-wide membership.
The surplus equates to a turnaround of more than $1.4m of operational losses in the previous two years. More than half of last year’s $544,000 deficit covered the restructure, including redundancies.
TCCI CEO Michael Bailey said it was a credit to the board, staff and membership to be back in the black.
“Yes, it’s also a relief, and could never have happened without a supportive and progressive board, and a dedicated workforce, which accepted and embraced a major strategic and cultural change and our loyal membership,” he said.
“And it was achieved without any loss of services to our members, who have encouraged and assisted the emergence of the new model. Many of our members have also taken a similar direction having recognised the unstable financial and business environment.
“Cost control has required heavy lifting by all staff to keep costs under control and the discipline is now in place to ensure we stick to the basics of business. Our focus is dedicated to providing relevant and quality services and programmes for members and advocating on their behalf to insist on a positive environment so business can grow and engender job creation.”
Mr Bailey said current Chair, Susan Parr and former Chair, Andrew Heap, played a critical role in the resurgence of the TCCI with the leadership of the board and support of management.
The strategy for 2014-15 and the wrap up of the last financial year will be presented to members at the AGM in Hobart on 11 September.
Contact: TCCI Chief Executive, Michael Bailey, mobile 0437 322 338