Innovation, Industry, Science and Research
Australian Laureate Fellowships
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Australian Research Council | - | - | - | - | - |
The Government will provide $239.0 million over five years to establish the Australian Laureate Fellowships scheme to attract researchers of international repute to Australia to conduct research of significant national economic, environmental, cultural and social benefit. The cost of this measure will be met from within existing resources of the Federation Fellowships program, which the Australian Laureate Fellowships scheme replaces.
Australian Laureate Fellows will receive a salary supplement from the Australian Research Council of around $100,000 per annum and be supported for a period of up to five years. The Australian Research Council may also provide Australian Laureate Fellows with project funding of up to $300,000 per annum and additional funding to appoint up to two postdoctoral research associates and up to two postgraduate researchers.
Further information can be found in the press release of 3 September 2008 issued by the Minister for Innovation, Industry, Science and Research.
Automotive Components Limited (ACL Bearings) — additional assistance
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Department of Innovation, Industry, Science and Research | - | - | - | - | - |
The Government provided $2.0 million in 2007‑08 to ACL Bearings to enable the company to implement a strategy for restructuring and improving efficiency that was developed by Automotive Supplier Excellence Australia. The company is Australia's sole manufacturer of precision engine bearings.
The cost of this measure was met from within the existing resourcing of the Department of Innovation, Industry, Science and Research.
Global financial crisis — assistance for small businesses
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Department of Innovation, Industry, Science and Research | - | 2.0 | 2.0 | - | - |
The Government will provide an additional $4.0 million over two years for the Business Enterprise Centres program and for other registered business organisations to provide small businesses with support and advice, particularly during the global financial crisis. The Business Enterprise Centres, which received additional funding in the 2008‑09 Budget, will provide advice on how to set up a business, public liability insurance, GST bookkeeping, marketing and sales promotion.
Further information can be found in the press release of 24 October 2008 issued by the Prime Minister and the Minister for Small Business, Independent Contractors and the Service Economy.
Green Car Innovation Fund — Toyota Australia
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Department of Innovation, Industry, Science and Research | - | - | 20.0 | 15.0 | - |
The Government will provide $35.0 million to Toyota Australia to assist with the manufacture of hybrid Camrys in Australia from 2010.
The cost of this measure will be met by bringing forward funding from the Green Car Innovation Fund to 2009‑10 and 2010‑11. This will reduce existing funding for the Green Car Innovation Fund by $8.75 million per year from 2012‑13 onwards. See also the related 2008‑09 Budget expense measure titled Tackling Climate Change — Green Car Innovation Fund in the Climate Change portfolio.
Further information can be found in the transcript of the press conference of 10 June 2008 held by the Prime Minister and the Minister for Innovation, Industry, Science and Research.
North East Tasmania development program
| 2007‑08 | 2008‑09 | 2009‑10 | 2010‑11 | 2011‑12 | |
|---|---|---|---|---|---|
| Department of Innovation, Industry, Science and Research | - | - | - | - | - |
The Government will provide $4.0 million over two years to establish the North East Tasmania Innovation and Investment Fund ($3.7 million) and the North East Tasmania Micro Credit Scheme ($0.3 million). The North East Tasmania Innovation and Investment Fund will be aimed at projects creating sustainable employment opportunities, particularly for those workers displaced due to the closure of Auspine's Tonganah sawmill. The North East Tasmania Micro Credit Scheme will be administered by the Tasmanian government on behalf of the Commonwealth. This Scheme will provide small grants to potential and existing business operators wishing to develop new business opportunities or expand existing businesses — particularly initiatives that involve value adding to the region's timber resources. The Tasmanian government will provide an additional $0.3 million in 2009‑10 for the Scheme.
The cost of this measure will be met from the existing resourcing of the Scottsdale Innovation and Community Development Fund Program which the North East Tasmania Innovation and Investment Fund and North East Tasmania Micro Credit Scheme replaces.
Further information can be found in the press release of 13 August 2008 issued by the Minister for Innovation, Industry, Science and Research.
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