IRU will contribute to the development of the Strategy, looking to ensure that programs will encourage investor action without stifling opportunities through overly strict rules or exclusion of potential future activities.
Submission key points:
• Strengthening the incentive for Research and Development carried out through research bodies.
• Include research in social sciences, arts and humanities, where it meets standard tests of being a core Research and Development activity directly relevant to the business’s future development.
Read full submission below. (3 pages)
A system of capped funding?
What does it mean to change university funding to a capped funding amount which universities can use as they will? Can it both give Government certainty of expenditure and protect universities from micro managing of their operations?
Under current arrangements universities receive base funding based on the load of enrolled students in particular discipline areas. There are also various additional amounts, some such as regional loading added through the main Commonwealth Grant Scheme, others controlled as Other Grants which includes the university research block grants.
The 2007 budget continues the Government’s determined efforts to change the way in which universities are funded in Australia. Read full comment below.