The Statutory Funding Agreement is between the Minister for Agriculture, Drought and Emergency Management on behalf of the Commonwealth of Australia represented by the Department of Agriculture, Water and the Environment, and the Fisheries Research and Development Corporation (FRDC).
The agreement sets the guidelines and principles to ensure the performance of FRDC and its accountability, and to help foster a culture of continuous improvement. The agreement establishes a framework for the FRDC’s funding guidelines in accordance with the Primary Industries Research and Development Act 1989 and its subsequent amendments, including Corporate Governance and the process for periodic, independent reviews.
The FRDC Funding Agreement 2020-2030 can be accessed via the link below
The FRDC was required under its 2015-19 Funding Agreement with the Commonwealth Government, to engage an independent organisation to undertake a comprehensive review of its performance by 2 December 2018. The FRDC board agreed to the terms of reference with the Department in Sep 2017 and Foresthill Consulting (led by Scott Williams) was selected to undertake the review. As part of the review Foresthill Consulting undertook a number of face-to-face interviews, as well as seeking broader stakeholder feedback. The report (link below) was completed and provided to the Department for consideration.
In total, 10 recommendations were made to the FRDC. The FRDC has agreed to fully implement all 10 recommendations and these are covered in the FRDC Reponse Plan and Implementation document (link below).