However, it was the establishment of the Biennale of Sydney, in November 1973, that constitutes the most important contribution to Australian and international arts by Transfield. From 1973, when Prime Minister Gough Whitlam officially opened the first Biennale at the newly opened Sydney Opera House until today, Transfield has been the major sponsor of this event. During the span of over 30 years, the company probably invested over $6 million in-kind and cash to the fifteen Biennales. Amongst other contributions, it refurbished the Biennale venues at Pier 2/3 and Bond Store 4, Walsh Bay for three Biennales. It has also provided three Chairmen, including Franco, Guido and Luca Belgiorno-Nettis, the current Chair.
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