FRDC needs to report the results of its impact assessments in its annual reporting to the Australian Government and other stakeholders. Hence, an impact assessment report based on completed projects is required by 30th June each year for the next five years. The first project assessments will refer to projects completed in the year ending 30th June 2016 and this first draft assessment report is required by 30th June 2017.
Reporting against the FRDC RD&E Plan 2015-2020 and the Evaluation Framework Associated with the SFA
The annual impact assessment reports will enable reporting against the current FRDC RD&E Plan, commencing with projects completed in the years ending 30th June 2016 and extending to those completed in the years ending June 2017, 2018, 2019 and 2020. The annual assessment reports are likely to be used for populating part of the Evaluation Framework required in the 2019 SFA reporting.
Economic analysis is required to provide impact assessments from RDC investments across the 15 RDCs. Each RDC is contributing to this effort within a standard set of guidelines and a standard reporting framework. Valuation of these impacts, along with identification of investment expenditure, is required to demonstrate the RDCs contribution to Australian primary industry as well as any environmental and social benefits to Australia.