Financial targets 2020–21
Forecast income | 2020–21 |
|---|---|
$m | |
Total revenues from the Australian Government | 21.78 |
Australian Government 0.5% AGVP | 14.52 |
Matching of industry contributions | 7.26 |
Contributions revenue from industry | 7.30 |
Projects revenue from other parties | 3.88 |
Other revenue (such as interest) | 0.20 |
Marketing and promotion | 0.00 |
Total income | 33.16 |
2020–21 | |
|---|---|
$ | |
FRDC expenditure on R&D projects | 368,000 |
Australian Prawn Farmers Association (APFA) R&D levy contribution | 200,000 |
Australian prawn farmers’ levies are collected under the PIRD Act and the Fishing Levy Regulations. This levy is paid to FRDC by DAWE under a special appropriation as per the PIRD Act.
Table 13: EXPENDITURE OVERVIEW 2020–21
Forecast expenditure | 2020–21 |
|---|---|
$m | |
R&D | 26.87 |
I. Drive digitisation and advanced analytics | 0.20 |
II. Strengthen adoption for transformational change | 0.20 |
III. Promote innovation and entrepreneurship | 0.07 |
IV. Build capability and capacity | 0.20 |
V. Provide foundational information and support service | 0.03 |
Total R&D | 27.57 |
Communications | 0.78 |
Corporate costs (includes information and communications technology) | 4.76 |
Total expenditure | 33.11 |
PIRD ACT REQUIREMENTS | |
2020–21 | |
$ | |
Remuneration and allowances to directors/members | 420,000 |
Cost recovery expenses to pay to the Commonwealth | 15,000 |
Selection committee expenses and liabilities | 60,000 |
COST RECOVERY POLICY | |
2020–21 | |
$ | |
Cost recovery expenses to the Commonwealth | 15,000 |
Visit
https://www.transparency.gov.au/annual-reports/fisheries-research-and-development-corporation/reporting-year/2019-20-9