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Financial targets 2020–21

Table 11: INCOME OVERVIEW 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

Table 12: AUSTRALIAN PRAWN FARMERS’ LEVY

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

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