The IRU has made a submission to the House of Representatives’ Inquiry into Funding Australia’s Research, which is looking at the efficiency and effectiveness of Australian Government funding for research.
The IRU says the key opportunity for this inquiry is to recognise the value the Australian Government gets from its investment in research and identify refinements to the public research funding system.
The public research funding system must have two primary objectives, says the IRU:
- Target funding towards the highest quality projects and researchers
- Be efficient and transparent its allocation of funds.
Put simply, the best and most innovative research should be funded, while constraining the administrative costs of applications, selection processes and reporting.