CCFS Funding

Financial accounting for allocated funds is carried out at each node.  MQ is responsible for the final reporting to ARC through the DVC Research, and is audited through the Macquarie University process.

Strategy for CCFS funding leverage

ARC anticipates that Centres of Excellence will develop a profile of basic and strategic research outcomes that provides an attractor for leveraging resources.  Active strategies within CCFS include:

.      Collaborative project building with industry partners

.      Applications to funding schemes for matching funds for new infrastructure purchases and partner co-investment

.      Technology development to deliver new and improved methodologies and tools for enhanced research collaboration and for the exploration industry

.      Diversification of the funding portfolio to include other Government schemes, industry and participation in international research programs

.      Applications to relevant ARC funding schemes for projects not funded from the ARC CCFS allocation, but aligned with CCFS goals

.      Providing input into future NCRIS (especially AuScope) policies, using CCFS research concentration and leading directions to inform national priorities

This is an unaudited summary of 2013 income and expenditure.  A full, audited statement of detailed expenditure and income is prepared by Macquarie University.  No in-kind support is included here. 

INCOME SOURCES 2014