Productivity Commission inquiry into rural research and development
Source: Australia. Minister for Agriculture, Fisheries and Forestry. Media Release.
"Minister for Agriculture, Fisheries and Forestry Tony Burke. The Assistant Treasurer, Senator Nick Sherry, and the Minister for Agriculture, Fisheries and Forestry, Tony Burke, have today announced the terms of reference for a Productivity Commission inquiry into rural research and development corporation arrangements. The Australian Government collects industry levies under legislation for the purpose of research and development and matches expenditure on research and development on a 1:1 basis, up to 0.5 per cent of industry gross value of production."