Section 19 of PIRD Act requires R&D corporations to prepare R&D Plans for each consecutive 5-year period. Each plan is to include (at a minimum):
· a statement of the Corporation’s objectives and priorities for the period to which the plan is expressed to relate; and
· an outline of the strategies that the Corporation intends to adopt in order to achieve those objectives.
Under section 10 of the Funding Agreement between FRDC and the Department of Agriculture and Water Resources (DAWR), FRDC is required to develop a consultation plan, which seeks to:
• explain the purpose and objectives of consultation to inform the 2020-2025 RD&E Plan;
• describe who will be consulted;
• outline methods proposed; and,
• explain how input provided will be used.

FRDC is to obtain DAWR approval for the consultation plan prior to commencement of activities.
In order to develop an RD&E Plan which accurately interprets and responds to RD&E needs for Australia’s fishing and aquaculture community it is important to understand the aspirations, pain points, risks and opportunities of each sector over the intended life of the plan through undertaking broad consultation. It is also important to understand the current situation of the fishing and aquaculture (F&A) community (including indigenous, wild catch, aquaculture and recreational, and post-harvest sectors). The situational analysis should provide an updated understanding of what fishing and aquaculture looks like in Australia today, who is involved, what drives them, how they are performing, how the product (if retained) is used, what are the main dominant risks and trends. An earlier situational analysis delivered as an output of FRDC Project 2014/503.20 provides a useful template.
Finally, it is for any RD&E plan to be informed by an understanding of likely future trends, risks and opportunities facing Australia’s F&A community in the future. This requires:
· compilation of evidence to enable consideration of likely future geopolitical, social, economic, environmental and/or technical changes likely to occur in the future, and drivers of those changes;
· generation of projections relating to supply and demand for seafood products as well as cultural and/or recreational time use