Read for instance AFP
Two of Australia’s biggest Olympic sports, swimming and athletics, had their annual high-performance funding cut on Monday by the government-backed Australian Sports Commission (ASC).
Swimming, the best-funded of Australian sports saw its 2013-14 allocation from the ASC reduced by 5.8 percent to Aus$8,165,000 ($8,389,000).
Athletics Australia’s high-performance funding was cut by 3.8 percent to Aus$6,570,000 for the same period.
Swimming Australia was told by the ASC that it needed to reduce overheads and “to demonstrate effective leadership and governance of the sport”.