The meetings, incentives, conventions, and exhibitions (MICE) industry in Australasia is continuing to expand, and for those working in the industry, its contribution to the economy is beyond doubt. The first section of the paper addresses the roles of governments in MICE and identifies the perceptions of the industry of government involvement. It makes recommendations on how industry can become more active in lobbying governments. The second section investigates the concept of market failure in the Australian MICE sector and identifies the schemes of Australian governments designed to assist the industry. The third section reports the findings of a survey of seven member organizations of the Asian Association of Convention and Visitor Bureaus (ACVB) and identifies government support schemes as well as problems facing the MICE industry in Asia.