Notes to the financial statements - 7.2 Cooperative Research Centres
7.2A: Cooperative Research Centres
All cooperative Research Centres (CRCs) have been classified as joint operations as their purpose is for the pursuit of collaborative scientific research where participants share in the scientific outcomes and outputs of the CRCs.
Geoscience Australia’s total cash and in-kind contribution (e.g. staff and use of assets) to CRCs from its own resources was $5.218 million for the year (2019: $7.837 million). Contributions made are expensed as incurred and these are included in the Statement of Comprehensive Income.
No contingent liabilities were reported by the CRCs in which Geoscience Australia is a participant.
Geoscience Australia is a participant in the following CRCs as at 30 June 2020: | |
|---|---|
Name of CRC | Expected Termination Date1 |
Bushfire and Natural Hazards CRC | 30/06/2020 |
MinEx CRC | 30/06/2028 |
1. Expected termination date for Geoscience Australia participation. | |
Visit
https://www.transparency.gov.au/annual-reports/geoscience-australia/reporting-year/2019-20-68