ARV is a state government agency responsible for the management of the Falls Creek, Lake Mountain, Mt Baw Baw, Mt Buller, Mt Hotham and Mt Stirling alpine resorts, which draw hundreds of thousands of families and visitors to regional Victoria each year.
Released earlier this week, ARV's 2024 Annual Report has confirmed the Allan Labor Government provided more than $13 million in financial support via a letter of comfort across 2024 to ensure ARV could remain operating as a going concern.
This payment is in addition to $15.7 million in similar support funding made in 2023, and as ARV confirms it is "dependent on the Victorian Government to ensure it can meet its obligations as and when they fall due."
The Allan Labor Government has also failed to provide a substantive update to its attempted sale of the Lake Mountain and Mt Baw Baw resorts, despite stating the results of an Expression of Interest process would be known in 2025.
Following a decade of financial mismanagement under Labor, Victoria's net debt is growing by $1.7 million and hour and is expected to reach a record $192.6 billion by 2028-29.
Leader of the Opposition and Shadow Treasurer, Jess Wilson, said: "Under Labor, Victoria's alpine resorts are on financial life-support and significant uncertainty surrounds their future.
"Alpine resorts enjoyed by families and visitors including Mt Hotham, Falls Creek and Mt Baw Baw are a vital part of our regional economy, but continue to be badly mismanaged by the Allan Labor Government.
"Alpine Resorts Victoria is yet another in a growing list of state government agencies under Labor that are reliant on emergency financial support to pay the bills and remain solvent.
"Labor cannot manage money and Victorians are paying the price."
