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Key performance indicators

The FRDC met the majority of the 2019–20 Portfolio Budget Statements performance indicators.

The two financial targets of income and expenditure were not met. The income target for 2019–20 was $35.00 million and $33.03 million was achieved. The financial expenditure target was $41.44 million and actual expenditure was $34.44 million.

For a full explanation of financial target variance, see page 143 in the financial statements for the difference between forecast and actual income and expenditure.

Portfolio Budget Statements (PBS) performance measures

Targets 2019–20


Perception of the commercial fishing industry increased from 28% to 40%

Perception of industry increases to 36%.

Achieved. The most recent survey of community perception (June 2019) shows that 46% believe the industry is sustainable.

Understand the quantity of potential production from Australia’s fishing and aquaculture resources.

One report completed on the quantity of potential production from Australia’s fishing and aquaculture resources.

Achieved. Project 2016-056 measured Australia’s wild-catch production potential at 293,500 tonnes a substantial increase on the 166,000 tonnes caught in 2016–17 (see page 38).

Advance two or more new or emerging aquaculture opportunities/specie for which RD&E has identified clear opportunities and technologies for good production and profitability growth, as measured by increase in harvest tonnages.

Two thousand tonnes of additional production.

Achieved. National government production statistics not available. Forecasts and individual company records indicate that production will exceed the 2019–20 target.

Partners have a RD&E plan.

Ninety per cent of partners have a RD&E Plan.

Achieved. Ninety-five per cent of IPAs and RACs have plans in place.

Partners invest in a balanced portfolio across the FRDC purpose themes: environment, industry, communities, people and adoption.

Investment portfolios include investment across FRDC purposes.

Achieved. See pages i–iv.

Projects focus on the FRDC board’s assessment of priority research and development issues.

Ninety-five per cent are a priority.

Achieved. Projects align with strategic priorities set out in FRDC’s Annual Operational Plan and partner plans.

Projects are assessed as meeting high standards/peer review requirements for improvements in performance and likely adoption.

Ninety-five per cent are a high priority.


Maintain ISO9001:2008 accreditation.

FRDC maintains certification.

Achieved. See page 100.

Submit planning and reporting documents in accordance with legislative and Australian Government requirements and timeframes.

One hundred per cent met government requirements.

Achieved. All documents submitted in accordance with requirements.

Implement best practice governance arrangements to promote transparency, good business performance and unqualified audits.

Achieve unqualified audit result.

Achieved. See audit report pages 128–129.

Demonstrate the benefits of RD&E investments by positive benefit cost analysis results.

Benefit analysis undertaken on one investment area.

Achieved. Average benefit cost analysis results, see pages 63, 69, 75, 81, 87, 92.

Commence collection of voluntary marketing funds, pending legislative changes.

An amount of $350,000 to be collected.

Not achieved. No voluntary funds collected.

Establish full statutory marketing levy collection with industry sectors for sectors, where requested and pending levy being established.

One marketing levy established.

Not achieved. Two marketing levies voted on. One successful but not progressed, the other voted down by industry.