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Australia's Olympics chief has defended the nation's ability to host the world's premier sporting event, saying he has "every confidence" in the Brisbane 2032 games organisers.

Australian Olympic Committee chief executive Matt Carroll made the comments to senators as part of a committee hearing in Brisbane on Tuesday into Australia's preparedness to host the Olympic and Paralympic Games.

Nationals senator Bridget McKenzie said she had concerns about state-level oversight given Victoria's announcement last month that it was withdrawing from hosting the 2026 Commonwealth Games.

Mr Carroll said the Brisbane 2032 Co-ordination Office, which was established by the Queensland government in March, will handle infrastructure, security and transport while the Brisbane Organising Committee (BOCOG) would run the events.

The BOCOG is funded by the International Olympic Committee (IOC) and through BOCOG-generated domestic sponsorships, ticket sales and licensing to deliver the Brisbane Games.

"The co-ordination office needs to work hand in hand daily, with the team at (BOCOG), because Brisbane is responsible to the (IOC) for putting the games on, as we promised," Mr Carroll said.

Mr Carroll said the operating cost for the Brisbane games would be $4.5 billion not including capital costs such as new sports facilities.

One Nation senator Malcolm Roberts asked where the value for money would come from and Mr Carroll said there would be benefits beyond new infrastructure in southeast Queensland.

"A good example was the women's FIFA World Cup (that) has galvanised a country to champion their female athletes (and) also motivated a whole lot of young girls to take up sport," Mr Carroll said.

When asked about the accountability of games organisers, Mr Carroll said their reports to the IOC would become more frequent.

"This is the first time that the games has been awarded so far out, so in many ways the planning and structuring of the games is where it should be," Mr Carroll said.

Paralympics Australia chief executive Catherine Clark warned the upper house committee that the nation's team would likely be the smallest since the 2004 Athens games.

Ms Clark said cancelling the Victorian Commonwealth Games as it had taken away the chance for Australian Paralympians to confirm the classification of their impairments without having to compete overseas.

"For the last 10 to 15 years (classification) has run off a very thin base, a $300,000 investment," Ms Clark said.

BOCOG chief executive Cindy Hook told the hearing that two thirds of surveyed Queenslanders supported the Brisbane games.

"There will be inconveniences of hosting an event of this size and scale, you can't say there'll be no impact, but we need to minimise that," Ms Hook said.

Ms Hook was asked about the previous testimony of community groups opposed to the $2.7 billion plan to replace the Gabba stadium and demolish a state school.

"I certainly have empathy that change is hard. And those decisions are difficult that the state government has made," Ms Hook said.

Ms Hook said the long lead time before the games was either a blessing or a curse depending on how it was used.

© AAP 2023

Gold Coast coach Jim Lenihan says fullback Jayden Campbell is facing up to five months on the sidelines with a dislocated patella, while winger Phil Sami has suffered a Lisfranc injury to his foot.

Both players sustained their injuries in the 40-14 loss to Penrith on Saturday night.

Lenihan said that while Campbell's injury was a blow, there was also "some relief" that it wasn't far worse.

"My first thought when I saw it shift was that it was probably an ACL injury," Lenihan told AAP.

"Jayden went down without any contact and the knee shifted a little bit. He will have an extended period off but at least it is not a year.

"The physio felt confident it wasn't an ACL after the game and the scans have shown that he has done some damage to the back of his kneecap."

Lenihan said Sami's injury also was not as bad as first thought and he would not require surgery.

"It might just be a month or two in a boot and he should be fine," Lenihan told AAP.

"Phil Sami should be right for pre-season."

Lenihan said it was likely 23-year-old Campbell would be having an operation.

"These injuries vary a little bit but they are saying three to five months. He is probably due to be back at the start of the season," Lenihan said.

"Jayden has been wonderful for us and has been adaptable in a lot of positions but he will have an extended break now."

The duo join a growing casualty ward. Hooker Sam Verrills was sent for collarbone surgery, which will require a bone graft, but is expected to be fit and firing next year.

Half Tanah Boyd and forward Erin Clark have both had shoulder surgery.

"They won't be able to do contact for four or five months but they will be able to do a lot of running," Lenihan said.

© AAP 2023

Cost-of-living pressures have helped supermarket giant Coles to a 4.8 per cent profit boost, but organised crime is increasingly threatening its bottom line.

The company on Tuesday reported supermarket sales revenue for the last financial year grew by 6.1 per cent, with cash profit rising to $1.1 billion from $1.05billion the previous year.

Customers felt a 6.7 per cent bump in check-out prices for the year, but new chief executive Leah Weckert says Coles is well placed for growth as more people choose to eat at home.

"Eating out, takeaway and coffees from the cafe are increasingly being seen as treats for a special occasion," she told analysts.

Ms Weckert is pleased headline inflation has moderated, but there is large price variation across categories.

Prices for meat and fresh produce - particularly cucumbers, broccoli and capsicum - are deflating rapidly, while inflation of bakery and dairy products continues unabated.

Sales of own-brand products grew strongly, including staples such as pasta and rice, as well as premium end lines.

"Customers are increasingly looking to supermarkets to do more with their budgets," Ms Weckert said.

Coles' gross margin rose to 26.4 per cent, on the back of reduced COVID-19 costs, technology-driven cost-cutting initiatives, growth in Coles 360, and lower tobacco sales.

But an industry-wide surge in shoplifting by organised criminals contributed to a 20 per cent increase in stock losses.

"We're certainly seeing a lot more reports coming through from stores where they see a loss that is quite large and targeted," Ms Weckert said.

She said while most shoppers do the right thing, cost-of-living pressures are also driving up opportunistic thefts.

Coles is looking to address the issue by stepping up security guards at stores and introducing initiatives such as trolley locks and smart gates.

E&P Capital retail analyst Phillip Kimber says the profit result was two per cent lower than consensus expectations and will likely weigh on the share price.

Weak growth in the second half of the financial year, complicated by increased costs associated with delays in setting up two automated customer fulfilment centres, implies downside risks to earnings forecasts, Mr Kimber said.

Liquor sales revenue was flat for the year at $3.6 billion, with ready-to-drink products the strongest-performing category.

Overall group sales revenue from continuing operations grew 5.9 per cent to $40.5 billion, and earnings before interest and tax rose 1.8 per cent to $1.9 billion.

Coles delivered a fully franked final dividend of 30 cents per share to bring its full-year dividend to 66c.

Since the start of the new financial year, supermarket volumes have remained relatively positive compared with the previous corresponding period, with plans to open 15 new locations and close six over the next 12 months.

ACTU assistant secretary Joseph Mitchell accused Coles of using the cost-of-living crisis as a "smokescreen" to push up profit margins even as the company's costs decrease.

"What this profit season suggests is that some of Australia's biggest companies are posting significant profits, while either exploiting loopholes to drive down wages, or arguably charging more than is necessary to their customers," he said.

The union compared the mega profits of Australian supermarkets to those in the UK, where greater competition results in lower profits.

Despite the record profit, Coles shares plunged 5.8 per cent to $16.23 shortly after lunchtime.

Further insight into cost-of-living pressures will be revealed when fellow grocery giant Woolworths delivers its results on Wednesday.

© AAP 2023