RESEARCH AND AUSTRALIA’S FUTURE: 2019-20 PRE-BUDGET SUBMISSION

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The Academy of the Social Sciences in Australia (ASSA) suggests most strongly the Australian Government be a champion of research and development. A greater national commitment to research and development (R&D) is a proven way to develop a strong foundation for securing Australia’s future. More and better research support is an investment which contributes handsomely to fiscal sustainability – and much more.

More details on delivering on this are given below. ASSA recommends that the Government:

  1. Articulate a Strong Vision: commit to clear steps towards matching the current OECD average for R&D as a share of GDP of 2.4% by 2025, and the current OECD Best Practice frontier of 3% by 2030.
  2. Seize Simple Available Options: deploy already available endowment funds for research infrastructure, including for social innovation through research in areas such as disability and health.
  3. Utilise Existing Expertise: draw on the combined expertise of the Learned Academies in designing grant processes for enhanced national benefit.
  4. Display Ingenuity: underpin research investment aspirations by implementing a new innovative income-contingent loan scheme for R&D that will partner universities with industry.

These four steps would contribute greatly to a budget strategy that delivers growth with equity and sustainability. ASSA stands ready to assist with further development of these policy initiatives.

Contact Information

Academy of the Social Sciences in Australia

    ABN: 59 957 839 703
  • Location: 26 Balmain Crescent, Acton, ACT 2601
  • Postal: GPO Box 1956, Canberra, ACT 2601
  • +61 .2 62491788
  • +61 .2 62474335
  • secretariat@assa.edu.au