Funding
Department of Defence
ASPI entered into a five-year funding agreement with the Australian Government through the Department of Defence. Under the agreement, the department provides ASPI with a one-off grant of $4 million for each of financial years 2018–19, 2019–20, 2020–21, 2021–22 and 2022–23.
Australian Government funding is a key enabler of our operations. It covers much of our annual employee costs and operating overheads and those elements of the research and events programs that are defined in the funding agreement.
* During FY2019–20, ASPI adopted two new accounting standards for the recognition of sponsorship income. For comparison, had we treated sponsorship income in the same way to previous financial years, the result would have been 39%.
Other sources of funding
The government requires ASPI to develop funding options in addition to the Defence funding agreement to enable the institute to grow and pursue additional research. With the growth of ASPI’s areas of research, the percentage of income provided by Defence has been diminishing (Figure 7). Our wider work on non-Defence national security is sustained by other sources of funding, most notably other government entities, through contributions for specific program areas or projects (shown as ‘Revenue from Contracts’ in Figure 8) and from private-sector sponsorship.
Sponsorship is also an important source of additional funding for ASPI and is the key enabler for many events. We have worked hard to secure sponsors and in 2019–20 continued to foster deeper relationships with sponsors through our corporate sponsorship program. Under the program, ASPI seeks continuing commitments from private enterprises that share our objectives for national security and public debate, while unambiguously maintaining our independence in research, publications, advice and comment.
During FY2019-2020, ASPI adopted two new accounting standards (AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities) for the recognition of our revenue. As a result, sponsorship agreements signed during the financial year were immediately recognised as revenue upon receipt, rather than gradually throughout the 12 months period. For comparison, under the old standard, the result would have been approximately $6.3M or 61% of total funding.
Other additional income derives from event registration fees and interest on retained funds (‘Other’ in Figure 8).
Corporate sponsors during 2019–20 were:
.au Domain Administration Ltd
Alion Science and Technology Corporation
Amazon Web Services Australia Pty Ltd
Attorney-General’s Department
Australian Civil–Military Centre
Australian Computer Society
Australian Mission to the UN
Australian National University
Australian Office Taipei
Bond University
Carnegie Endowment for International Peace
Cisco Systems Australia Pty Ltd
CT Intelligence and Insights
Cyber Security Cooperative Research Centre Limited
Defence Portfolio
Department of Agriculture, Water and the Environment
Department of Defence
Department of Foreign Affairs and Trade
Department of Home Affairs
Department of the Prime Minister and Cabinet
Embassy of Israel
Embassy of Japan
Embassy of the Kingdom of the Netherlands
Engineers Australia
Facebook Australia Pty Ltd
Fortinet
German Marshall Fund
Google Australia Pty Limited
Institute for War and Peace Reporting
IQPC Ltd
Jacobs Australia
Japan Institute of International Affairs
Kiah Consulting
Lendlease
Lockheed Martin
Macquarie Telecom Pty Ltd
Microsoft Pty Ltd
National Archives of Australia
NATO Strategic Communications Centre of Excellence
Naval Group Australia
Northern Territory Airports Pty Ltd
Northern Territory Government
Northrop Grumman
Omni Executive
Oracle Australia
Palo Alto Networks (Australia) Pty Ltd
Queensland Police Service
Rafael
Raytheon
Saab Australia
Senetas Corporation Limited
Services Australia
Splunk Technology
Thales Australia
The Pratt Foundation
UK Embassy in China
University of Melbourne
Twitter Inc.
UK Foreign and Commonwealth Office
University of British Columbia
UpGuard, Inc
US State Department
US Embassy Canberra
Visit
https://www.transparency.gov.au/annual-reports/australian-strategic-policy-institute-limited/reporting-year/2019-20-40