The Olympic Rings monument was erected at the finishing line of the rowing, kayaking and canoeing course at Lake Wendouree after the completion of the 1956 Olympic Games and is a celebration of Ballarat?s participation. The unique and distinctive Australian design of the Olympic Rings resting on a boomerang universally symbolizes how Australians have upheld the Olympic ideals and recognizes the City of Ballarat as one of Australia?s first two Olympic Games Host Cities. The Spirit of the Games returned to this site when the Olympic torch and flame visited Ballarat just prior to the 2000 Olympic Games. The surrounding base of the Olympic Rings monument was modified and pathways added with the names of Ballarat Olympians embedded, representing the athlete?s journey. A cauldron fountain to commemorate the return of the Olympic flame was also erected.

In the background is the Historic boathouse.