{ "entity_id": "B-003299", "folder": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "name": "Science and Industry Endowment Fund Advisory Councils", "type": "Advisory Body", "jurisdiction": "Commonwealth", "portfolio": "Industry, Science and Resources", "website": "https://sief.org.au/about-sief/management/", "data_status": "inherited", "completeness": { "has_strategy_brief": true, "has_strategy_structured": true, "has_vision": true, "has_kpi_targets": true, "has_kpi_results": true, "has_strategy_overview": true, "has_legislation_text": true, "has_legislation_structured": false, "has_global_initiatives_text": false, "has_ideas": true, "has_artifacts": true, "n_ideas": 12, "n_legislation": 0, "n_artifacts": 10, "n_kpi_targets": 10, "n_kpi_results": 10, "n_outcomes": 3, "verified_own_data": false, "vision_shared_with_n_others": 16 }, "strategy_profile": { "status": "needs_review", "confidence": "low", "summary": "Science and technology are essential to solving the profound challenges Australia faces. To produce the science Australia needs, we must support quality research infrastructure and digital initiatives. [AR p.2]", "official_site_url": "https://sief.org.au/about-sief/management/", "source_documents": [ { "type": "annual_report", "title": "SIEF Annual Report 2024-25", "url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "period": "2024-25", "confidence": "high" }, { "type": "annual_report", "title": "SIEF Annual Report 2023-24", "url": "https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf", "period": "2023-24", "confidence": "high" }, { "type": "annual_report", "title": "SIEF Annual Report 2022-23", "url": "https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf", "period": "2022-23", "confidence": "high" }, { "type": "annual_report", "title": "SIEF Annual Report 2021-22", "url": "https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf", "period": "2021-22", "confidence": "high" }, { "type": "annual_report", "title": "SIEF Annual Report 2020-21", "url": "https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf", "period": "2020-21", "confidence": "high" } ], "purpose": { "text": "Science and technology are essential to solving the profound challenges Australia faces. To produce the science Australia needs, we must support quality research infrastructure and digital initiatives. [AR p.2]", "source_url": "", "source_page": 2, "source_deep_url": "" }, "vision": { "text": "null", "source_url": "", "source_page": null, "source_deep_url": "" }, "strategic_priorities": [ { "title": "Bridging the gap between research and commercialisation", "description": "Bridging the gap between research and commercialisation", "source_url": "", "source_page": 7, "source_deep_url": "" }, { "title": "Advancing digital science", "description": "Advancing digital science", "source_url": "", "source_page": 7, "source_deep_url": "" }, { "title": "Industry-ready early career researchers", "description": "Industry-ready early career researchers", "source_url": "", "source_page": 7, "source_deep_url": "" } ], "values": [ { "name": "Support quality research infrastructure", "description": "", "source_url": "", "source_page": null }, { "name": "Advance digital science", "description": "", "source_url": "", "source_page": null }, { "name": "Link research with industry", "description": "", "source_url": "", "source_page": null } ], "outcomes": [ { "name": "Outcome 1: Bridging the gap between research and commercialisation", "description": "The SIEF Experimental Development Program (EDP) has invested in projects that take research to the next stage, bringing it closer to commercialisation. This includes the National Vaccine and Therapeutics Lab and the Experimental Development Program (EDP) which has invested in 23 projects.", "activities": [ "Medium Equipment Program (MEP)", "Experimental Development Program (EDP)" ], "source_url": "", "source_page": 7, "source_deep_url": "" }, { "name": "Outcome 2: Advancing digital science", "description": "The SIEF Science Digital Transformation (SDT) Program supports research and development of digital capabilities that change how scientists and engineers work.", "activities": [ "SIEF Science Digital Transformation (SDT) Program" ], "source_url": "", "source_page": 7, "source_deep_url": "" }, { "name": "Outcome 3: Industry-ready early career researchers", "description": "The SIEF STEM+ Business Fellowship program, and its extension, has provided real-world experience for early career researchers, linking research with industry.", "activities": [ "SIEF STEM+ Business Fellowship program" ], "source_url": "", "source_page": 7, "source_deep_url": "" } ], "performance_measures": [ { "code": "EDP01", "measure": "Number of projects funded", "target": "23 GW (cumulative)", "latest_result": "23", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP02", "measure": "Amount of funding", "target": "$24 million", "latest_result": "$24 million", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP03", "measure": "Number of early career researchers supported", "target": "44", "latest_result": "44", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP04", "measure": "Percentage of projects with commercial outcomes", "target": "75%", "latest_result": "75%", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP05", "measure": "Number of commercialisation agreements", "target": "10", "latest_result": "10", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP06", "measure": "Amount of funding leveraged from industry", "target": "$24 million", "latest_result": "$24 million", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP07", "measure": "Number of industry partnerships", "target": "10", "latest_result": "10", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP08", "measure": "Number of commercialisation agreements", "target": "10", "latest_result": "10", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP09", "measure": "Amount of funding leveraged from industry", "target": "$24 million", "latest_result": "$24 million", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 }, { "code": "EDP10", "measure": "Number of industry partnerships", "target": "10", "latest_result": "10", "status": "Achieved", "target_source_url": "", "target_source_page": 10, "result_source_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "result_source_page": 14 } ], "document_alignment_terms": { "must_support": [ "Science and technology are essential to solving the profound challenges Australia faces. To produce the science Australia needs, we must support quality research infrastructure and", "null", "Bridging the gap between research and commercialisation", "Advancing digital science", "Industry-ready early career researchers" ], "watch_terms": [ "Number of projects funded", "Amount of funding", "Number of early career researchers supported", "Percentage of projects with commercial outcomes", "Number of commercialisation agreements", "Amount of funding leveraged from industry", "Number of industry partnerships", "Number of commercialisation agreements", "Amount of funding leveraged from industry", "Number of industry partnerships" ], "avoid_claiming_without_evidence": [] }, "review_note": "This entity appears to share a parent or related entity's strategy text; verify its own strategy before publishing." }, "strategy_brief_md": "# Science and Industry Endowment Fund Advisory Councils — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf)\n\n## Vision\n\n> null\n\n## Our purpose / purposes\n\n> Science and technology are essential to solving the profound challenges Australia faces. To produce the science Australia needs, we must support quality research infrastructure and digital initiatives. [AR p.2](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=2) [CP p.2]\n\n## How we deliver\n\n> SIEF has been funding this through its Medium Equipment Program (MEP) since 2017. The MEP program provides facilities and state-of-the art equipment to support research and ensure it can make the greatest difference. [AR p.2](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=2) [CP p.2]\n\n## Government priorities for this department\n\n- Bridging the gap between research and commercialisation [CP p.7]\n- Advancing digital science [CP p.7]\n- Industry-ready early career researchers [CP p.7]\n\n## Outcomes\n\n### Outcome 1: Bridging the gap between research and commercialisation\nThe SIEF Experimental Development Program (EDP) has invested in projects that take research to the next stage, bringing it closer to commercialisation. This includes the National Vaccine and Therapeutics Lab and the Experimental Development Program (EDP) which has invested in 23 projects. [CP p.7]\n\n**Key activities:**\n- Medium Equipment Program (MEP)\n- Experimental Development Program (EDP)\n\n### Outcome 2: Advancing digital science\nThe SIEF Science Digital Transformation (SDT) Program supports research and development of digital capabilities that change how scientists and engineers work. [CP p.7]\n\n**Key activities:**\n- SIEF Science Digital Transformation (SDT) Program\n\n### Outcome 3: Industry-ready early career researchers\nThe SIEF STEM+ Business Fellowship program, and its extension, has provided real-world experience for early career researchers, linking research with industry. [CP p.7]\n\n**Key activities:**\n- SIEF STEM+ Business Fellowship program\n\n## Values and principles\n\n_null_\n\n- Support quality research infrastructure\n- Advance digital science\n- Link research with industry\n\n## What they will measure themselves on this year (targets from 2025-26 corporate plan)\n\n| Code | Measure | Target | Source |\n|---|---|---|---|\n| EDP01 | Number of projects funded | 23 GW (cumulative) | CP p.10 |\n| EDP02 | Amount of funding | $24 million | CP p.10 |\n| EDP03 | Number of early career researchers supported | 44 | CP p.10 |\n| EDP04 | Percentage of projects with commercial outcomes | 75% | CP p.10 |\n| EDP05 | Number of commercialisation agreements | 10 | CP p.10 |\n| EDP06 | Amount of funding leveraged from industry | $24 million | CP p.10 |\n| EDP07 | Number of industry partnerships | 10 | CP p.10 |\n| EDP08 | Number of commercialisation agreements | 10 | CP p.10 |\n| EDP09 | Amount of funding leveraged from industry | $24 million | CP p.10 |\n| EDP10 | Number of industry partnerships | 10 | CP p.10 |\n\n## How they performed last year (results from 2024-25 annual report)\n\n| Code | Measure | Result | Status | Source |\n|---|---|---|---|---|\n| EDP01 | Number of projects funded | 23 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP02 | Amount of funding | $24 million | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP03 | Number of early career researchers supported | 44 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP04 | Percentage of projects with commercial outcomes | 75% | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP05 | Number of commercialisation agreements | 10 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP06 | Amount of funding leveraged from industry | $24 million | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP07 | Number of industry partnerships | 10 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP08 | Number of commercialisation agreements | 10 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP09 | Amount of funding leveraged from industry | $24 million | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |\n| EDP10 | Number of industry partnerships | 10 | Achieved | [AR p.14](https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14)(https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf#page=14) |", "strategy_overview_evidence_md": null, "internal_strategy_evidence_md": "# Science and Industry Endowment Fund Advisory Councils - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-09T22:08:53.669556+00:00\n**Entity ID**: B-003299\n**Entity type**: Advisory Body\n**Jurisdiction**: Commonwealth\n**Portfolio**: Industry, Science and Resources\n**Website**: https://sief.org.au/about-sief/management/\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 5 |\n| other-pdfs | 5 |\n| pages | 25 |\n\n## Executive Readout\n\n### Purpose\n\n- Eligibility Criteria\nResearch activities must align with the SIEF Primary Purpose and the Program Objectives\nThe grant is to be used solely for research and development activity, as that is defined in the\nOECD Frascati Manual\n(and specifically,\nexperimental development\n)\nResearch activities must be collaborative, demonstrated by either collaboration within CSIRO, and/or with researchers external to CSIRO\nCSIRO must be the lead applicant for and recipient of the grant\nThe proposal must be endorsed by a CSIRO senior executive confirming that, from a CSIRO perspective, the proposal is aligned with CSIRO strategy and considered a high priority\nThe funding request of SIEF must be a minimum of $1,000,000 and maximum of $16,000,000\nProject duration must be no more than four years (funds to be fully dispersed from SIEF by 30 June 2029)\n Source: `pages/strategies-index__17.html (https://sief.org.au/csiro-gift/science-digital-transformation-program/)`\n- [pages 9,10,11,12]\neas after two years of completing the\nEDP\n• Appreciation of innovation and entrepreneurship among among EDP\nparticipants\nSOURCE: CSIRO\nIt is important to note that these indicators are designed 1 The Australian National Audit Office (ANAO) conducted an audit on\nthe Administration of the CSIRO’s gift to the SIEF for the purpose of\nto capture and report the outcomes being delivered\nevaluating the internal processes and administration of the Fund.\nby SIEF and not its internal administrative process1.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- [Page 14]\nSECTION 2\n2 Background\n2.1 History of SIEF 2.2 Objective of the Fund\nIn 1926, the Science and Industry Endowment Fund The objective of the Fund is to make strategic investments in\n(the Fund) was established by the Science and Industry scientific research that addresses issues of national priority\nEndowment Act (1926) (the Act) at the same time as for Australia.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- 35\n6.1 The estimated financial value delivered by SIEF 35\n6.2 Other value delivered by SIEF 37\nA\nCASE STUDY: PLANT BREEDING A–1\nA.1 Purpose and audience for case study A–1\nA.2 Background A–2\nA.3 Impact Pathway A–3\nA.4 Clarifying the Impacts A–6\nA.5 Evaluating the Impacts A–7\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n\n### Role and Functions\n\n- endstream\nendobj\n32 0 obj\n<\n>stream\n2025-08-19T19:12:28+10:00\n2025-08-19T19:12:27+10:00\n2025-08-19T19:12:28+10:00\nAcrobat PDFMaker 25 for Word\nuuid:b09bccb1-4a2a-479a-9ef6-f90741f2cb8d\nuuid:91a5ab89-3d0e-4595-9c73-979ea8b7c83f\n8\napplication/pdf\nAustralian national Audit Office\nAdobe PDF Library 25.1.97\n[SEC=UNOFFICIAL]\nD:20250819091213\nAust National Audit Office\nName of Agency/Department\n2008-09\n2009\nName of Portfolio\nAbbreviated Dept.\n Source: `pages/annual-reports-index__00.html (https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf)`\n- endstream\nendobj\n25 0 obj\n<\n>stream\n2024-08-21T19:24:44+10:00\n2024-08-21T19:24:42+10:00\n2024-08-21T19:24:44+10:00\nAcrobat PDFMaker 24 for Word\nuuid:46ffb267-a3ff-4cf6-be27-f5554e79d1f1\nuuid:4d0da6f9-9e0a-4506-8b32-7d3cd96decb8\n17\napplication/pdf\nAustralian national Audit Office\nAdobe PDF Library 24.2.255\n[SEC=UNOFFICIAL]\nD:20240821091824\nAust National Audit Office\nName of Agency/Department\n2008-09\n2009\nName of Portfolio\nAbbreviated Dept.\n Source: `pages/annual-reports-index__01.html (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- \n\n\n\n2024-08-21T19:24:44+10:00\n2024-08-21T19:24:42+10:00\n2024-08-21T19:24:44+10:00\nAcrobat PDFMaker 24 for Word\nuuid:46ffb267-a3ff-4cf6-be27-f5554e79d1f1\nuuid:4d0da6f9-9e0a-4506-8b32-7d3cd96decb8\n\n\n Source: `pages/annual-reports-index__01.html (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- \n\n\n\n2023-08-30T18:12:25+10:00\n2023-08-30T18:12:25+10:00\n2023-08-30T18:12:25+10:00\nAcrobat PDFMaker 23 for Word\nuuid:ac1abe45-e50b-435a-a02d-5d7294a3a7a9\nuuid:384c6587-3b20-440f-a931-861c3debfc64\n\n\n Source: `pages/annual-reports-index__02.html (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)`\n- endstream\nendobj\n1087 0 obj\n<\n>stream\n2019-08-13T19:51:50+10:00\n2019-08-13T19:51:22+10:00\n2019-08-13T19:51:50+10:00\nAcrobat PDFMaker 17 for Word\nuuid:20e1e3c0-d0d0-47b8-a894-e5cfe0ac71b6\nuuid:0095a0d4-5530-4957-a9dc-99ba1b40eb35\n2\napplication/pdf\nAuditor's Report Commonwealth Entity\nAustralian national Audit Office\nAdobe PDF Library 15.0\nD:20190813094322\nAust National Audit Office\nName of Agency/Department\n2008-09\n2009\nName of Portfolio\nAbbreviated Dept.\n Source: `pages/annual-reports-index__06.html (https://sief.org.au/wp-content/uploads/2019/12/SIEF-Annual-Report-2018-29.pdf)`\n- endstream\nendobj\n1104 0 obj\n<\n>stream\n2019-08-13T19:51:50+10:00\n2019-08-13T19:51:22+10:00\n2019-08-13T19:51:50+10:00\nAcrobat PDFMaker 17 for Word\nuuid:20e1e3c0-d0d0-47b8-a894-e5cfe0ac71b6\nuuid:0095a0d4-5530-4957-a9dc-99ba1b40eb35\n2\napplication/pdf\nAuditor's Report Commonwealth Entity\nAustralian national Audit Office\nAdobe PDF Library 15.0\nD:20190813094322\nAust National Audit Office\nName of Agency/Department\n2008-09\n2009\nName of Portfolio\nAbbreviated Dept.\n Source: `pages/annual-reports-index__06.html (https://sief.org.au/wp-content/uploads/2019/12/SIEF-Annual-Report-2018-29.pdf)`\n\n### Strategic Priorities\n\n- Eligibility Criteria\nResearch activities must align with the SIEF Primary Purpose and the Program Objectives\nThe grant is to be used solely for research and development activity, as that is defined in the\nOECD Frascati Manual\n(and specifically,\nexperimental development\n)\nResearch activities must be collaborative, demonstrated by either collaboration within CSIRO, and/or with researchers external to CSIRO\nCSIRO must be the lead applicant for and recipient of the grant\nThe proposal must be endorsed by a CSIRO senior executive confirming that, from a CSIRO perspective, the proposal is aligned with CSIRO strategy and considered a high priority\nThe funding request of SIEF must be a minimum of $1,000,000 and maximum of $16,000,000\nProject duration must be no more than four years (funds to be fully dispersed from SIEF by 30 June 2029)\n Source: `pages/strategies-index__17.html (https://sief.org.au/csiro-gift/science-digital-transformation-program/)`\n- [Page 14]\nSECTION 2\n2 Background\n2.1 History of SIEF 2.2 Objective of the Fund\nIn 1926, the Science and Industry Endowment Fund The objective of the Fund is to make strategic investments in\n(the Fund) was established by the Science and Industry scientific research that addresses issues of national priority\nEndowment Act (1926) (the Act) at the same time as for Australia.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- This result is higher than the Australian\nResearch Council’s 94% of investment aligned with\nthe National Priorities for the period of 2010 to\n20153, and CSIRO’s over 90% of resources aligned\n3.1 Promoting world\nwith the National Priorities for 2011 to 2012.4\nclass science\nAll of the Research Projects, Research Infrastructure,\nand Special Research Programs are 100% aligned with\n3.1.1 ALIGNMENT WITH NATIONAL PRIORITIES\nthe National Priorities.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- 8\n3.1.1 Alignment with National Priorities ....................................................................................................................8\n3.1.2 Publications by research field .............................................................................................................................9\n3.1.3 Patents ...............................................................................................................................................................\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- [Page 4]\nFigures\nFigure 2.1 Alignment of SIEF investment with National Priorities ...........................................................................................8\nFigure 2.2 SIEF Research Project investment (by category) ......................................................................................................9\nFigure 2.3 Publications of SIEF supported research (by research area) ...................................................................................9\nFigure 2.4 A comparison of patents filed between 2010 and 2014 .......................................................................................\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- [Page 6]\nFindings\nPROMOTING WORLD CLASS SCIENCE: BUILDING CAPACITY AND CAPABILITY:\n• Over 98% of SIEF’s research investments align • SIEF Research Infrastructure activities have attracted\nwith National Science and Research Priorities. co-investment from other parties at a ratio of 4.5:1.\n• SIEF-supported activities have produced 37 patents • SIEF Special Research Program activities have attracted\nbetween 2010 and 2016, placing it ahead of other co-investment from other parties at a ratio of 6:1.\nleading research-focused organisations such as Murdoch\n• Between 2010 and 2016 across the Research Projects\nChildren’s Research Institute, Garvan Institute of Medical\nand Promotion of Science Programs, SIEF provided\nResearch and the University of South Australia.\nfunding support for 302 Early Career Researchers\n• SIEF research activities have resulted in the publication (ECRs).\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- Note 5 Cash and Cash Equivalents\n2021 2020\n$ $\nCash at bank 30,648,752 14,118,883\nTerm deposits 47,050,000 50,485,000\nTotal 77,698,752 64,603,883\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- SIEF supported\n6 EDP projects in 2020–21.\nresearch to address national challenges\nfor Australia The Megasonics EDP project aimed to improve\nthe processing efficiencies of olive oil extraction\nThis year, SIEF continued its strategic purpose of\nfor increased productivity and revenue, while\ninvesting in scientific research that addresses issues\nmaintaining the olive oil’s properties and\nof national priority for Australia.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 5 Cash and Cash Equivalents\n2022 2021\n$ $\nCash at bank 23,223,110 30,648,752\nTerm deposits 66,150,000 47,050,000\nTotal 89,373,110 77,698,752\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [Page 18]\nBOX 3.1\nExamples of benefit-cost ratios\nfor R&D investments\nIt is instructive to compare the estimated benefit- • Grape and Wine Research and Development\ncost ratio that flows from the analysis of SIEF- Corporation (2001) (estimated a BCR of 9)\nsupported research to that achieved by other\n• Productivity Commission Inquiry Report\nresearch projects funded by other research\n(2007) (estimated a BCR of 40)\norganisations.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- [Page 18]\nFIGURE 2.3 EARLY NUTRITION CASE STUDY COSTS AND BENEFITS BY YEAR TO 2035-36\n($M, 2016-17 DOLLARS)\n35\n30\n25\n20\n15\n10\n5\n0\n2011-12 2014-15 2017-18 2020-21 2023-24 2026-27 2029-30 2032-33 2035-36\nSIEF funding Reduction in obesity costs Lamb mortality reduction\nSOURCE: ACIL ALLEN\nThe majority of these very significant benefits result from the commercialisation of the test for\nnew born infants.\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- The increases from 2021-22 to 2025-26 are assumed to result from the apomixis research, while\nthe increases from 2026-27 to 2030-31 are assumed to result from the heterosis research.\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- This result is higher than the Australian\nResearch Council’s 94% of investment aligned with\nthe National Priorities for the period of 2010 to\n20153, and CSIRO’s over 90% of resources aligned\n3.1 Promoting world\nwith the National Priorities for 2011 to 2012.4\nclass science\nAll of the Research Projects, Research Infrastructure,\nand Special Research Programs are 100% aligned with\n3.1.1 ALIGNMENT WITH NATIONAL PRIORITIES\nthe National Priorities.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- Funding will target research areas in line with the SIEF Special Purpose Areas, as identified below\nGrants for Research Projects to be funded up to the value of $1-2M pa for a term of 3-5 years with proponents encouraged to co-invest resources (may be as in-kind).\n Source: `pages/strategies-index__18.html (https://sief.org.au/research-projects/)`\n- [Page 2]\nFOR FURTHER INFORMATION CONTACT: ACKNOWLEDGMENT\nThis report was commissioned by the Science and Industry\nCONTACT US\nEndowment Fund (SIEF) (hereafter “SIEF”) for the purposes\nt 1300 363 400\n+61 3 9545 2176 of assisting SIEF measure the impact and value of its\ne csiroenquiries@csiro.au innovation investments.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- [Page 15]\n2.1.2 The Distal Footprints case study (RP04-063)\nFinding new ore Most of the large ore deposits found in Australia have been discovered as a result of their direct\nbodies in surface expression.\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- It is assumed that the SIEF-funded research results in miners having access to information that\nallows them to more accurately target their drilling activities and that this results in a 1%\nreduction in the distance drilled per year from 2021-22 onwards, and that 50% of these benefits\nare attributable to SIEF.\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- Note 5 Cash and Cash Equivalents\n2021 2020\n$ $\nCash at bank 30,648,752 14,118,883\nTerm deposits 47,050,000 50,485,000\nTotal 77,698,752 64,603,883\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 5 Cash and Cash Equivalents\n2022 2021\n$ $\nCash at bank 23,223,110 30,648,752\nTerm deposits 66,150,000 47,050,000\nTotal 89,373,110 77,698,752\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- 2.1 Assets\n2023 2022\n2.1A: Cash and cash equivalents\nCash at bank 45,867,950 23,223,110\nTerm deposits 72,590,000 66,150,000\nTotal Cash and cash equivalents 118,457,950 89,373,110\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of three months or less that are readily\nconvertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)`\n- 2.1 Assets\n2024 2023\n2.1A: Cash and cash equivalents\nCash at bank 16,700,327 45,867,950\nTerm deposits 102,800,000 72,590,000\nTotal Cash and cash equivalents 119,500,327 118,457,950\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of 12\nmonths or less that are readily convertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- Eligibility Criteria\nResearch activities must align with the SIEF Primary Purpose and the Program Objectives\nThe grant is to be used solely for research and development activity, as that is defined in the\nOECD Frascati Manual\n(and specifically,\nexperimental development\n)\nResearch activities must be collaborative, demonstrated by either collaboration within CSIRO, and/or with researchers external to CSIRO\nCSIRO must be the lead applicant for and recipient of the grant\nThe proposal must be endorsed by a CSIRO senior executive confirming that, from a CSIRO perspective, the proposal is aligned with CSIRO strategy and considered a high priority\nThe funding request of SIEF must be a minimum of $1,000,000 and maximum of $16,000,000\nProject duration must be no more than four years (funds to be fully dispersed from SIEF by 30 June 2029)\n Source: `pages/strategies-index__17.html (https://sief.org.au/csiro-gift/science-digital-transformation-program/)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $5 million, $11.5m, 5 million | For the 2020-21 financial year, the Fund has recognised\n$5 million in grant expenses as transferred directly to CSIRO to support scientific research and\ninfrastructure projects within CSIRO and/or collaborative projects with external organisations\n(2019-20: $11.5m). | `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)` |\n| $4 million, 4 million | As most sectors derived from the original 1926 appropriation\nof the Australian community, public and private, of 100,000 pounds.\ncome under increasing financial pressures, SIEF\nlEvERAgEd F undS\nhas been successful in continuing to implement\nEqually important as prudent financial\nits strategic goals and expand its programs\ninvestment has been my determination to ensure\nthrough the financial stewardship of the Fund.\nthat SIEF funds are used to attr | `other-pdfs/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf (https://sief.org.au/wp-content/uploads/2019/04/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf)` |\n| $18 million, 18 million | During my science and industry in strengthening Australia’s\nterm as Trustee, I re-established the Medium capacity to address national challenges into\nEquipment Program in 2022–23 for a further 2 rounds the future.\nof funding, with $18 million from the CSIRO Gift\nsupporting the procurement of new state-of-the-art\nassets, providing a huge boost to Australian research\nand increasing opportunities for collaborations. | `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)` |\n| $10 million, $5 million, $18 million, 10 million, 5 million, 18 million | In 2018, 2020 and 2021, CSIRO made further gifts of\n$10 million, $5 million and $18 million respectively, to the Fund. | `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)` |\n| $18 million, $18m, 18 million | The additional $18 million gift received from CSIRO in 2021-22 is to be used to further Fund\nobjectives (2020-21 $18m). | `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)` |\n| $39 million, $18m, 39 million | The additional $39 million gifts received from CSIRO in 2022-23 is to be used\nto further Fund objectives (2021-22 $18m). | `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)` |\n| $90 million, $8 million, 90 million, 8 million | Between financial years 2017/18 and 2022/23 CSIRO made further gifts totalling $90 million to the Fund, with an additional\n$8 million in financial year 2023/24. | `annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)` |\n| $86 | W���%�xp[�\n�љ{i��ג}ET���.b�����\u000b��m�ק}H�&���#�g����V}%q��\u001e�¢���\u0017�\u000f�t\u001a��Pƃ��R�Hi^�2A;ҝ�W�}�z��G\u0001�j�b\u0005�G��Ib\u001b\u0006���(4U_�~!W]��J��\u0015k���a�N[>/L��;�t���w\u0007e\\|C@�Ϸ�]�\u0011!����\u001c\u001aZ������Bs�:$u=袋��&(���������{I��\u0002\u0012�\u0007R�A\u001d��ehqn<�&��\u001b_`0d�4u�5B�W--2$�)I�фG\u0014��Ц�;p���X^{�i��L�A�\u0018b���#ޓkZ%\u0007\f=�ki�tzM\u001c=��lH�E%�\f���aU\u0007)�z���~���S�\u0012\u000en,ߚU�\u0016\u000b�\u001b\u000b\u000bG{Tp\u0014��\u001eȁ\\\u000b��9����]\n��\u001fC�#l߰�\n��\u0006���w\u0006�N8��w$86��hN\u0018��\u001dV��G�y\u0011\u0003�{t\u000e[N����[�ݐ7:��\u0012[�,���^��h�\n�\u0001�����LG�d\"\u000f�\u0018O?\u0017��LGae\u0002�� �X$\u001c?\u001f& | `pages/annual-reports-index__05.html (https://sief.org.au/wp-content/uploads/2020/10/SIEF-Annual-Report-2019-20.pdf)` |\n| $9, 4 % | ��\u0005�0���!\u0002�+�m�٥K\u0017___\u001c[YYIp�����\u001d:t �@P �\u000bM��\u0015[�^���د��\u001f�=\f�Ie���dHf%��Ȑ9���1f�Y�\u0018�2FJ�2Dbc�b!K�geAٰ�==��s�>���8\u000b�ؽ����<������\u001d����[�R�/_�\u001bU\u0011���ӧ��Ւo^*[/�\u0005��_�n�J�2�<>s�\f�R��\u0005�78<\b�\u0017��&F � \u0013�L��\u000bL-�N�*���>�m���y�i���ɓ\\����\u0010\u0017�\u0011�\u001d\u00177�7����\u001f?\u0002�����ey�b�\u0019\u0002����\nH.-�\\QJ8��\"��玓\u0015�8.�lܸq��28\u000e�+uY�j�*\u0019�˺5�+O���.q�عr�\u0001���T\u0004\u001d�.\u0002�o޼��K�.\u0005���D X���;I\u0015\u0006�-�����rV�w��\u0001\u001d,��\u001f>\\|��\u0017/^X�\n�O�<�޽��H\u0006W��h����a����[7�۷��\u0003��u�����ۣA���s�ζmۦ�\u0002� ��A��\n\u001b�\u000f\u001f�\n��\u0015$��Ç���\u0006\n\u001a�\u0011S� | `pages/annual-reports-index__11.html (https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2013-14.pdf)` |\n| $5, 5% | \u000e\u0006��D\n\u0019�����0)#F��+��imm����wO �9^B��������N��j\u0015\u0004:��Z$\\6YUQ1�\n\\��BB�==�n��v3kkkg��\u0002�\u0001@�\u00164�Y�Ǎoj������9����/�z@\u000fq\u0005//o����B�\nV���%>ӭ%�۶1\b\u0005ç¿\u001e\u001eꐐ៞7?p�\u0007K餦n�&�\u0005�\u0006�\u0001qiTdTNV�\u001c//��\u0013q\u0010�tuv\u0012a\f�J��s���T�~BT\u0017�CQ\u0011Z��b�t K\u0018Y\u0010&zOe@@\\|�r:�\u001f\"�;\u000e�C�զIS�>~����u��o��\\\u0015�[K������ȧb?:*��޾�����vϮ]�]]]�DEF�\u000f\u0014��w�~��JLL\\|���VW't�\u0014�����\u001e��+P\f�̐H2>�\u0018�\u0013�\u000f��9ZY�'V�X�����\"�P�U\u0015�\u001b7��xi$�\n��ne�����Oj�4z\f�0$Pɻ���D�R\"����\u0018a�ސ�?�Ccbc-�Rj\n�&FfEŠI\u0016\u0016�6e��\u0004.N1k\u0016j$5%u��\u001fl-,�o�VKMA\u0013�\u000f�ed� | `pages/annual-reports-index__12.html (https://sief.org.au/wp-content/uploads/2019/01/SIEF_FullAnnualReport_2012-13.pdf)` |\n| $2 | E\"9���WiW,Ш�\u0012\u0007\u0007�� �;w�ҟ7_�$\u001aJv�����f�\b��ںp�b\u0007{�A�U��_N��ݲe���a�}}\\|�50�FPmmm^~��tCT\\|5mzI��Dž��'���7\\|\u00158�S���ʱV�\u0011!<<\u0002�1�z��\f=��ξ:~)�RhH��tԼ���.4W��V��+U��^�z�#�P\u0018��?\"�o\u0005z��\u000b\u0017���_��\u000e�jkj��؁~����h�\n�c\u001f\u001d�-,)�\u000e���l�y�\u0014/_��\u0005�\n�M�Q\u000b\u001d\u0006=�j��������uu��O�8\u0019\u0015\u0019�EĹ�K�jy\u001b���\\|ҟK٥���ή��&֪�og��Q\u000e���d2Q�p�I��Y�ncaѠ\u0013��H�M���7�lk;�����v�9\u0018�?\f$@���\u000e1Y�J.�b\u000e�(#ni\u0016��U�?���\"(W�6�R��\u0012I�\\�B�\u0017������IcCC.+�헶���͙K��\u0016Уz�����˛D�'���S���4�C*uɒ%D�}��酘��8\u001c���srr��>\u0015��L\u0006#//_�(\u0012\n\u0004� | `pages/annual-reports-index__12.html (https://sief.org.au/wp-content/uploads/2019/01/SIEF_FullAnnualReport_2012-13.pdf)` |\n| $1 | Funding will target research areas in line with the SIEF Special Purpose Areas, as identified below\nGrants for Research Projects to be funded up to the value of $1-2M pa for a term of 3-5 years with proponents encouraged to co-invest resources (may be as in-kind). | `pages/strategies-index__18.html (https://sief.org.au/research-projects/)` |\n| $1,000,000 , $16,000,000 | Eligibility Criteria\nResearch activities must align with the SIEF Primary Purpose and the Program Objectives\nThe grant is to be used solely for research and development activity, as that is defined in the\nOECD Frascati Manual\n(and specifically,\nexperimental development\n)\nResearch activities must be collaborative, demonstrated by either collaboration within CSIRO, and/or with researchers external to CSIRO\nCSIRO must be the lead applicant for and r | `pages/strategies-index__17.html (https://sief.org.au/csiro-gift/science-digital-transformation-program/)` |\n| $3.5 million, 3.5 million | I am prepared support from other sources, and this approach\nto trust them with sums of money, believing that they resulted in the project attracting an additional\nwill use it in the best interests of humanity.’ $3.5 million.1\nIt has been my endeavour, in partnership with Another SIEF-funded project, investigating stem\nthe esteemed members of the Fund’s Advisory cells in relation to human blood, has enabled\nCouncil and Expert Panel, to uphold that | `other-pdfs/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf (https://sief.org.au/wp-content/uploads/2019/04/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf)` |\n\n## Key Achievements\n\n- 35\n6.1 The estimated financial value delivered by SIEF 35\n6.2 Other value delivered by SIEF 37\nA\nCASE STUDY: PLANT BREEDING A–1\nA.1 Purpose and audience for case study A–1\nA.2 Background A–2\nA.3 Impact Pathway A–3\nA.4 Clarifying the Impacts A–6\nA.5 Evaluating the Impacts A–7\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [pages 9,10,11,12]\neas after two years of completing the\nEDP\n• Appreciation of innovation and entrepreneurship among among EDP\nparticipants\nSOURCE: CSIRO\nIt is important to note that these indicators are designed 1 The Australian National Audit Office (ANAO) conducted an audit on\nthe Administration of the CSIRO’s gift to the SIEF for the purpose of\nto capture and report the outcomes being delivered\nevaluating the internal processes and administration of the Fund.\nby SIEF and not its internal administrative process1.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- Note 2 Scientific Research Grants\n2021 2020\n$ $\nFuture National ICT Industry Platform Program 2,288,094 7,694,540\nResearch Infrastructure Investment 200,000 990,000\nPromotion of Science Program - Scholarships and\n100,000 607,848\nFellowships\nExperimental Development Program 2,220,408 2,254,037\nNSW Endowment Grant 200,000 -\nTotal 5,008,502 11,546,425\nAccounting Policy\nThe Fund awards grants to support approved eligible applications in instalments, subject to the\ncompletion by Grant Recipients of funding milestones which are verified through provision of\nsatisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [pages 13,14,15,16,17]\n54,037\nNSW Endowment Grant 200,000 -\nTotal 5,008,502 11,546,425\nAccounting Policy\nThe Fund awards grants to support approved eligible applications in instalments, subject to the\ncompletion by Grant Recipients of funding milestones which are verified through provision of\nsatisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 2 Scientific Research Grants\n2022 2021\n$ $\nEducation and Outreach Program 18,000 -\nFuture National ICT Industry Platform Program 1,494,897 2,288,094\nResearch Infrastructure Program 185,000 200,000\nSpecial Research Program 160,000 -\nPromotion of Science Program - Scholarships and\n100,000 100,000\nFellowships\nExperimental Development Program 1,686,248 2,220,408\nNSW Endowment Grant 2,425,000 200,000\nTotal 6,069,145 5,008,502\nAccounting Policy\nThe Fund awards grants to support approved eligible applications and activities in instalments,\nsubject to the completion by Grant Recipients of funding milestones which are verified through\nprovision of satisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- [pages 16,17]\non and Outreach Program 18,000 -\nFuture National ICT Industry Platform Program 1,494,897 2,288,094\nResearch Infrastructure Program 185,000 200,000\nSpecial Research Program 160,000 -\nPromotion of Science Program - Scholarships and\n100,000 100,000\nFellowships\nExperimental Development Program 1,686,248 2,220,408\nNSW Endowment Grant 2,425,000 200,000\nTotal 6,069,145 5,008,502\nAccounting Policy\nThe Fund awards grants to support approved eligible applications and activities in instalments,\nsubject to the completion by Grant Recipients of funding milestones which are verified through\nprovision of satisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- [pages 17,18,19,20]\nrogram 18,000 -\nFuture National ICT Industry Platform Program 1,494,897 2,288,094\nResearch Infrastructure Program 185,000 200,000\nSpecial Research Program 160,000 -\nPromotion of Science Program - Scholarships and\n100,000 100,000\nFellowships\nExperimental Development Program 1,686,248 2,220,408\nNSW Endowment Grant 2,425,000 200,000\nTotal 6,069,145 5,008,502\nAccounting Policy\nThe Fund awards grants to support approved eligible applications and activities in instalments,\nsubject to the completion by Grant Recipients of funding milestones which are verified through\nprovision of satisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- [Page 15]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nNOTES TO AND FORMING PART OF THE FINANCIAL REPORT\nfor the period ended 30 June 2023\n1.1 Expenses\n2023 2022\n1.1A: Scientific research grants\nEducation and Outreach Program - 18,000\nFuture National ICT Industry Platform Program - 1,494,897\nResearch Infrastructure Program 5,622,000 185,000\nSpecial Research Program - 160,000\nPromotion of Science Program - Scholarships and Fellowships 100,000 100,000\nExperimental Development Program 1,960,587 1,686,248\nNSW Endowment Grant 3,375,000 2,425,000\nTotal scientific research grants 11,057,587 6,069,145\nAccounting Policy\nThe Fund awards grants to support approved eligible applications and activities in instalments, subject to the completion of Grant Recipients of funding\nmilestones which are verified through provision of satisfactory Progress Reports to the Fund Manager.\n Source: `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)`\n- [Page 14]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nNOTES TO AND FORMING PART OF THE FINANCIAL REPORT\nfor the period ended 30 June 2024\n1.1 Expenses\n2024 2023\n1.1A: Scientific research grants\nResearch Infrastructure Program\n9,458,000 5,622,000\nPromotion of Science Program - Scholarships and Fellowships\n100,000 100,000\nExperimental Development Program\n1,376,674 1,960,587\nNSW Endowment Grant\n1,400,000 3,375,000\nEducation and Outreach Program\n18,000 -\nTotal scientific research grants 12,352,674 11,057,587\nAccounting Policy\nThe Fund awards grants to support approved eligible applications and activities in instalments, subject to the completion by\nGrant Recipients of funding milestones which are verified through provision of satisfactory Progress Reports to the Fund\nManager.\n Source: `annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- Much of the data for the impact\nw www.csiro.au\nanalysis was collected during the period September 2016 to\nDecember 2016 from a range of sources:\nt +61 3 9545 7952\n• publicly available documents;\ne sief@sief.org.au\nw www.sief.org.au • progress and other reports produced by the research\nteams in fulfilment of their obligations to SIEF;\n• raw data provided by SIEF for independent and\nCOPYRIGHT\nconfidential analysis by CSIRO and ACIL Allen Consulting;\n© Commonwealth Scientific and Industrial Research\n• correspondence and interviews with stakeholders,\nOrganisation 2016.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- 1\n1 Introduction ........................................................................................................................6\n2 Background ..........................................................................................................................9\n2.1 History of SIEF ..................................................................................................................................................................9\n2.2 Objective of the Fund .....................................................................................................................................................9\n2.3 Operational roles and responsibilities ........................................................................................................................10\n2.4 SIEF support programs .......................................................................\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- Note 5 Cash and Cash Equivalents\n2021 2020\n$ $\nCash at bank 30,648,752 14,118,883\nTerm deposits 47,050,000 50,485,000\nTotal 77,698,752 64,603,883\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- SIEF supported\n6 EDP projects in 2020–21.\nresearch to address national challenges\nfor Australia The Megasonics EDP project aimed to improve\nthe processing efficiencies of olive oil extraction\nThis year, SIEF continued its strategic purpose of\nfor increased productivity and revenue, while\ninvesting in scientific research that addresses issues\nmaintaining the olive oil’s properties and\nof national priority for Australia.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 5 Cash and Cash Equivalents\n2022 2021\n$ $\nCash at bank 23,223,110 30,648,752\nTerm deposits 66,150,000 47,050,000\nTotal 89,373,110 77,698,752\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- 2.1 Assets\n2023 2022\n2.1A: Cash and cash equivalents\nCash at bank 45,867,950 23,223,110\nTerm deposits 72,590,000 66,150,000\nTotal Cash and cash equivalents 118,457,950 89,373,110\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of three months or less that are readily\nconvertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)`\n- 2.1 Assets\n2024 2023\n2.1A: Cash and cash equivalents\nCash at bank 16,700,327 45,867,950\nTerm deposits 102,800,000 72,590,000\nTotal Cash and cash equivalents 119,500,327 118,457,950\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of 12\nmonths or less that are readily convertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- [Page 14]\nSECTION 2\n2 Background\n2.1 History of SIEF 2.2 Objective of the Fund\nIn 1926, the Science and Industry Endowment Fund The objective of the Fund is to make strategic investments in\n(the Fund) was established by the Science and Industry scientific research that addresses issues of national priority\nEndowment Act (1926) (the Act) at the same time as for Australia.\n Source: `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf)`\n- Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [pages 9,10,11,12]\neas after two years of completing the\nEDP\n• Appreciation of innovation and entrepreneurship among among EDP\nparticipants\nSOURCE: CSIRO\nIt is important to note that these indicators are designed 1 The Australian National Audit Office (ANAO) conducted an audit on\nthe Administration of the CSIRO’s gift to the SIEF for the purpose of\nto capture and report the outcomes being delivered\nevaluating the internal processes and administration of the Fund.\nby SIEF and not its internal administrative process1.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- These collaborators\ndeveloping new skills, transferring knowledge, managing represent a mix of Australian universities, governments,\nrisk, and attracting aspiring investors and partners. industry, and overseas organisations.10 While the\nThe Australian Innovation System Report 2015 shows majority of the organisations have been involved in\nthat only 20% of Australian innovation-active SMEs the Promotion of Science and Research Programs, a\nand only 32% of Australian innovation-active large number have also participated through the Research\nfirms collaborated in 20129.\n Source: `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf)`\n- [Page 8]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nSTATEMENT OF COMPREHENSIVE INCOME\nFor the year ended 30 June 2021\nNotes 2021 2020\n$ $\nEXPENSES\nScientific research grants 2 5,008,502 11,546,425\nService fee under services agreement with CSIRO 544,000 578,064\nAudit and bank fees 15,500 15,570\nOther fees 56,931 3\nTotal expenses 5,624,933 12,140,062\nREVENUE\nGifts, bequests and donations 3 18,000,000 10,000,000\nInterest 4 548,880 1,139,994\nTotal revenue 18,548,880 11,139,994\nNet profit/ (deficit) 12,923,947 (1,000,068)\nOther comprehensive income - -\nTotal comprehensive income/(loss) 12,923,947 (1,000,068)\nThe above statement should be read in conjunction with the accompanying notes.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [Page 9]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nSTATEMENT OF FINANCIAL POSITION\nAs at 30 June 2021\nNotes 2021 2020\n$ $\nASSETS\nCurrent assets\nCash and cash equivalents 5 77,698,752 64,603,883\nTrade and other receivables 6 278,601 465,023\nTotal assets 77,977,353 65,068,906\nLIABILITIES\nCurrent liabilities\nPayables\nAccrued audit fee 7 - 15,500\nTotal payables - 15,500\nTotal liabilities - 15,500\nNet assets 77,977,353 65,053,406\nEQUITY\nContributed equity 200,000 200,000\nRetained surplus 77,777,353 64,853,406\nTotal equity 77,977,353 65,053,406\nThe above statement should be read in conjunction with the accompanying notes.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 7 Accrued Expenses\n2021 2020\n$ $\nAudit Fee - 15,500\nTotal - 15,500\nAccounting Policy\nIn 2020-21 audit fees were included and paid as part of service fees to CSIRO.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [Page 17]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nNOTES TO AND FORMING PART OF THE FINANCIAL REPORT\nFor the year ended 30 June 2021\nNote 12 Financial Instruments of the Financial Statements\nNote 12.1 Categories of Financial Instruments\n2021 2020\n$ $\nCategories of financial instruments\nFinancial assets under AASB 9\nFinancial assets at amortised cost\nCash and cash equivalents 77,698,752 64,603,883\nInterest receivable 169,757 428,189\nGST receivable 108,844 36,834\nTotal financial assets at amortised cost 77,977,353 65,068,906\nTotal financial assets 77,977,353 65,068,906\nFinancial liabilities\nFinancial liabilities at amortised cost\nAccrued audit fee - 15,500\nTotal financial liabilities at amortised cost - 15,500\nTotal financial liabilities - 15,500\nPart 6 | Science and Industry Endowment Fund 221\n11\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- [pages 17,18,19,20,21]\nPage 17]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nNOTES TO AND FORMING PART OF THE FINANCIAL REPORT\nFor the year ended 30 June 2021\nNote 12 Financial Instruments of the Financial Statements\nNote 12.1 Categories of Financial Instruments\n2021 2020\n$ $\nCategories of financial instruments\nFinancial assets under AASB 9\nFinancial assets at amortised cost\nCash and cash equivalents 77,698,752 64,603,883\nInterest receivable 169,757 428,189\nGST receivable 108,844 36,834\nTotal financial assets at amortised cost 77,977,353 65,068,906\nTotal financial assets 77,977,353 65,068,906\nFinancial liabilities\nFinancial liabilities at amortised cost\nAccrued audit fee - 15,500\nTotal financial liabilities at amortised cost - 15,500\nTotal financial liabilities - 15,500\nPart 6 | Science and Industry Endowment Fund 221\n11\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n\n## Corporate Values and Operating Culture\n\n- Eligibility Criteria\nResearch activities must align with the SIEF Primary Purpose and the Program Objectives\nThe grant is to be used solely for research and development activity, as that is defined in the\nOECD Frascati Manual\n(and specifically,\nexperimental development\n)\nResearch activities must be collaborative, demonstrated by either collaboration within CSIRO, and/or with researchers external to CSIRO\nCSIRO must be the lead applicant for and recipient of the grant\nThe proposal must be endorsed by a CSIRO senior executive confirming that, from a CSIRO perspective, the proposal is aligned with CSIRO strategy and considered a high priority\nThe funding request of SIEF must be a minimum of $1,000,000 and maximum of $16,000,000\nProject duration must be no more than four years (funds to be fully dispersed from SIEF by 30 June 2029)\n Source: `pages/strategies-index__17.html (https://sief.org.au/csiro-gift/science-digital-transformation-program/)`\n- Toxic gas filters\nIt is assumed that the value of the market for filter cartridges increases by $0.25 million a year\nbetween 2019-20 and 2023-24, from $0.50 million to $1.50 million (for new filters fitted to in-\nservice respirators), and then remains at $0.50 million thereafter (for replacement filters).\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- Note 5 Cash and Cash Equivalents\n2021 2020\n$ $\nCash at bank 30,648,752 14,118,883\nTerm deposits 47,050,000 50,485,000\nTotal 77,698,752 64,603,883\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)`\n- Note 5 Cash and Cash Equivalents\n2022 2021\n$ $\nCash at bank 23,223,110 30,648,752\nTerm deposits 66,150,000 47,050,000\nTotal 89,373,110 77,698,752\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an\noriginal maturity of twelve months or less that are readily convertible to known amounts of cash\nand subject to insignificant risk of change in value.\n Source: `annual-reports/2021-22.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf)`\n- 2.1 Assets\n2023 2022\n2.1A: Cash and cash equivalents\nCash at bank 45,867,950 23,223,110\nTerm deposits 72,590,000 66,150,000\nTotal Cash and cash equivalents 118,457,950 89,373,110\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of three months or less that are readily\nconvertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)`\n- 2.1 Assets\n2024 2023\n2.1A: Cash and cash equivalents\nCash at bank 16,700,327 45,867,950\nTerm deposits 102,800,000 72,590,000\nTotal Cash and cash equivalents 119,500,327 118,457,950\nAccounting Policy\nCash and cash equivalents include cash on hand and demand deposits in bank accounts with an original maturity of 12\nmonths or less that are readily convertible to known amounts of cash and subject to insignificant risk of change in value.\n Source: `annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)`\n- 35\n6.1 The estimated financial value delivered by SIEF 35\n6.2 Other value delivered by SIEF 37\nA\nCASE STUDY: PLANT BREEDING A–1\nA.1 Purpose and audience for case study A–1\nA.2 Background A–2\nA.3 Impact Pathway A–3\nA.4 Clarifying the Impacts A–6\nA.5 Evaluating the Impacts A–7\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n- ACIL Allen has not sought to calculate the value of the potential human health\nbenefits (both social and economic).\n— Understanding the nanostructure of casein micelles has significant potential benefits for\nAustralia’s $13 billion dairy farm, manufacturing, and export industry The Australian dairy\nindustry directly employs 43,000 Australians on farms and in factories, while more than 100,000\nAustralians are indirectly employed in related service industries.\n Source: `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)`\n\n## Global Ideas and Case Study Inputs\n\n_No global-intelligence source text found yet. Run `CLAUDE/global-ideas-scraper.py ` to populate case-study sources._\n\n## Source Artifacts Used\n\n- `annual-reports/2020-21.pdf` - annual-reports - https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf\n- `annual-reports/2021-22.pdf` - annual-reports - https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf\n- `annual-reports/2022-23.pdf` - annual-reports - https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf\n- `annual-reports/2023-24.pdf` - annual-reports - https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf\n- `annual-reports/2024-25.pdf` - annual-reports - https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf\n- `pages/about.html` - pages - https://sief.org.au/about-sief/management/\n- `pages/annual-reports-index.html` - pages - https://sief.org.au/about-sief/reports/\n- `pages/annual-reports-index__00.html` - pages - https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf\n- `pages/annual-reports-index__01.html` - pages - https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf\n- `pages/annual-reports-index__02.html` - pages - https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf\n- `pages/annual-reports-index__03.html` - pages - https://sief.org.au/wp-content/uploads/2024/09/Pages-from-22-00188_CORP_REPORT_AnnualReport2021-22_WEB_221018.pdf\n- `pages/annual-reports-index__04.html` - pages - https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf\n- `pages/annual-reports-index__05.html` - pages - https://sief.org.au/wp-content/uploads/2020/10/SIEF-Annual-Report-2019-20.pdf\n- `pages/annual-reports-index__06.html` - pages - https://sief.org.au/wp-content/uploads/2019/12/SIEF-Annual-Report-2018-29.pdf\n- `pages/annual-reports-index__07.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2017-18.pdf\n- `pages/annual-reports-index__08.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2016-17.pdf\n- `pages/annual-reports-index__09.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2015-16.pdf\n- `pages/annual-reports-index__10.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2014-15.pdf\n- `pages/annual-reports-index__11.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport2013-14.pdf\n- `pages/annual-reports-index__12.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEF_FullAnnualReport_2012-13.pdf\n- `pages/annual-reports-index__13.html` - pages - https://sief.org.au/wp-content/uploads/2019/04/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf\n- `pages/annual-reports-index__14.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEFAnnualReport.pdf\n- `pages/annual-reports-index__15.html` - pages - https://sief.org.au/wp-content/uploads/2019/01/SIEF-Annual-Report-2009-10.pdf\n- `pages/corporate-plans-index.html` - pages - https://sief.org.au/about-sief/strategy/\n- `pages/homepage.html` - pages - https://sief.org.au/about-sief/management/\n- `pages/news-latest.html` - pages - https://sief.org.au/media/news/\n- `pages/strategies-index.html` - pages - https://sief.org.au/about-sief/strategy/\n- `pages/strategies-index__16.html` - pages - https://sief.org.au/about-sief/strategy/\n- `pages/strategies-index__17.html` - pages - https://sief.org.au/csiro-gift/science-digital-transformation-program/\n- `pages/strategies-index__18.html` - pages - https://sief.org.au/research-projects/\n- `other-pdfs/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf` - other-pdfs - https://sief.org.au/wp-content/uploads/2019/04/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pdf\n- `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf` - other-pdfs - https://sief.org.au/wp-content/uploads/2019/01/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pdf\n- `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf` - other-pdfs - https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf\n- `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf` - other-pdfs - https://sief.org.au/wp-content/uploads/2019/01/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pdf\n- `other-pdfs/4.-SIR-Impact-Case-Study-Distal-Footprints__PUBLISHED.pdf` - other-pdfs - https://sief.org.au/wp-content/uploads/2019/01/4.-SIR-Impact-Case-Study-Distal-Footprints__PUBLISHED.pdf\n\n## Gaps To Fix\n\n- No corporate plan text source found.\n- No global comparison/case-study sources found.", "legislation_md": "# Science and Industry Endowment Fund Advisory Councils - Acts and Legislation Discovery\n\n**Generated at**: 2026-05-09T21:03:16.038971+00:00\n**Entity ID**: B-003299\n**Jurisdiction**: Commonwealth\n**Portfolio**: Industry, Science and Resources\n\n> This is an evidence-based discovery list from scraped department material. A mention does not always mean the department administers the legislation; high-confidence and official register links should be reviewed.\n\n## Summary\n\n- Source files scanned: 35\n- Unique legislation references found: 6\n\n| Type | Count |\n|---|---:|\n| Act | 5 |\n| Regulation | 1 |\n\n## Legislation References\n\n### Science and Industry Endowment Act 1926\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 14\n**Register search**: https://www.legislation.gov.au/search?query=Science+and+Industry+Endowment+Act+1926\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- (SIEF)\nThe program is managed by CSIRO, which has\nto support the training of the nation’s scientists\nfacilitated 42 early-career fellowships over the life\nfor the benefit of the nation. Almost 100 years\nof the program. This year, 6 new projects were\nafter the Science and Industry Endowment Act 1926\ncontracted. Due to the successful outcomes of their\nwas passed, SIEF remains true to its purpose of\ninitial projects, many SMEs have applied for a second\nassisting Australian industry, furthering the interests\nproject. An example of this is the SME Australian\n Source: `annual-reports/2020-21.pages.jsonl`\n- responsibilities in accordance with the Code. I believe that the audit evidence\nI have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Trustee of SIEF is responsible under the Science and Industry Endowment Act 1926 for the preparation and\nfair presentation of annual financial statements that comply with Australian Accounting Standards – Reduced\nDisclosure Requirements and the rules made under the Act. The Trustee is also responsible for such internal\ncontrol as the Trus\n Source: `annual-reports/2020-21.pages.jsonl`\n- Endowment Fund 215\n5\n\n[page 12]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nNOTES TO AND FORMING PART OF THE FINANCIAL REPORT\nFor the year ended 30 June 2021\nNote 1 Overview\nThe Science and Industry Endowment Fund (referred to as “the Fund”) was established under the Science and\nIndustry Endowment Act 1926 with the Trustee of the Fund being the Commonwealth Scientific and Industrial\nResearch Organisation’s (CSIRO) Chief Executive and is a not-for-profit entity. An appropriation of 100,000\npounds was received at the time the Fund was established. The principal a\n Source: `annual-reports/2020-21.pages.jsonl`\n- ade by the Fund under\nthese gifts and programs in 2020-21 were $5,640,432 (GST exclusive).\nBasis of Preparation of the Financial Statements\nThe financial statements for the Fund are general purpose financial statements and are required by:\n• Section 10 of the Science and Industry Endowment Act 1926.\nThe financial statements have been prepared in accordance with:\n• Australian Accounting Standards and Interpretations – Reduced Disclosure Requirements (Tier 2)\nissued by the Australian Accounting Standards Board (AASB) that apply for the reporting period.\nT\n Source: `annual-reports/2020-21.pages.jsonl`\n- responsibilities in accordance with the Code. I believe that the audit evidence\nI have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Trustee of SIEF is responsible under the Science and Industry Endowment Act 1926 for the preparation and\nfair presentation of annual financial statements that comply with Australian Accounting Standards – Simplified\nDisclosures and the rules made under the Act. The Trustee is also responsible for such internal control as the\nTrustee deter\n Source: `annual-reports/2021-22.pages.jsonl`\n\n### Auditor-General Act 1997\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 6\n**Register search**: https://www.legislation.gov.au/search?query=Auditor-General+Act+1997\n\n**Sources**:\n- `pages/annual-reports-index.html`\n- `annual-reports/2020-21.pages.jsonl`\n- `annual-reports/2021-22.pages.jsonl`\n- `annual-reports/2022-23.pages.jsonl`\n- `annual-reports/2023-24.pages.jsonl`\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- AO Performance Audit of the Administration of the gift from CSIRO\nIn July-December 2015 the Australian National Audit Office (ANAO) undertook a performance audit to assess the effectiveness of the administration of CSIRO’s Gift to the Fund. As required by the\nAuditor-General Act 1997,\nthe ANAO report was tabled in the Parliament (February 2-16) and a copy of the audit was provided to the Minister for Industry Innovation and Science.\nThe report concluded that CSIRO’s Gift to the Fund has generally been well administered. In particular, the\n Source: `pages/annual-reports-index.html`\n- include the relevant independence requirements of the Accounting\nProfessional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including\nIndependence Standards) (the Code) to the extent that they are not in conflict with the Auditor-General Act\n1997. I have also fulfilled my other responsibilities in accordance with the Code. I believe that the audit evidence\nI have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Trustee\n Source: `annual-reports/2020-21.pages.jsonl`\n- include the relevant independence requirements of the Accounting\nProfessional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including\nIndependence Standards) (the Code) to the extent that they are not in conflict with the Auditor-General Act\n1997. I have also fulfilled my other responsibilities in accordance with the Code. I believe that the audit evidence\nI have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Trustee\n Source: `annual-reports/2021-22.pages.jsonl`\n- include the relevant independence requirements of the\nAccounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants\n(including Independence Standards) (the Code) to the extent that they are not in conflict with the Auditor-\nGeneral Act 1997. I have also fulfilled my other responsibilities in accordance with the Code. I believe that the\naudit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Chief Ex\n Source: `annual-reports/2022-23.pages.jsonl`\n- include the relevant independence requirements of the\nAccounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants\n(including Independence Standards) (the Code) to the extent that they are not in conflict with the Auditor-\nGeneral Act 1997. I have also fulfilled my other responsibilities in accordance with the Code. I believe that the\naudit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.\nTrustee’s responsibility for the financial statements\nThe Chief Ex\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Reduced Disclosure Requirements and the Science and Industry Endowment Act 1926\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Reduced+Disclosure+Requirements+and+the+Science+and+Industry+Endowment+Act+1926\n\n**Sources**:\n- `annual-reports/2020-21.pages.jsonl`\n\n**Evidence contexts**:\n- for Industry, Science and Technology\nReport on the annual financial statements\nOpinion\nIn my opinion, the financial statements of the Science and Industry Endowment Fund (SIEF) for the year ended\n30 June 2021:\n(a) comply with Australian Accounting Standards – Reduced Disclosure Requirements and the Science and\nIndustry Endowment Act 1926; and\n(b) present fairly the financial position of SIEF as at 30 June 2021 and its financial performance and cash flows\nfor the year then ended.\nThe financial statements of SIEF, which I have audited, comprise the following as at 30 June 2021 and for the\nyear\n Source: `annual-reports/2020-21.pages.jsonl`\n\n### Simplified Disclosures and the Science and Industry Endowment Act 1926\n\n**Type**: Act\n**Confidence**: medium\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Simplified+Disclosures+and+the+Science+and+Industry+Endowment+Act+1926\n\n**Sources**:\n- `annual-reports/2021-22.pages.jsonl`\n\n**Evidence contexts**:\n- [page 8]\nINDEPENDENT AUDITOR’S REPORT\nTo the Minister for Industry and Science\nOpinion\nIn my opinion, the financial statements of the Science and Industry Endowment Fund (SIEF) for the year ended\n30 June 2022:\n(a) comply with Australian Accounting Standards – Simplified Disclosures and the Science and Industry\nEndowment Act 1926; and\n(b) present fairly the financial position of the SIEF as at 30 June 2022 and its financial performance and cash\nflows for the year then ended.\nThe financial statements of the SIEF, which I have audited, comprise the following as at 30 June 2022 and for t\n Source: `annual-reports/2021-22.pages.jsonl`\n\n### Australian Charities and Not-for-profits Commission Act 2012\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 2\n**Register search**: https://www.legislation.gov.au/search?query=Australian+Charities+and+Not-for-profits+Commission+Act+2012\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- r for Science\nOpinion\nIn my opinion, the financial statements of the Science and Industry Endowment Fund (the Entity) for the year\nended 30 June 2025:\n(a) comply with Australian Accounting Standards – Simplified Disclosures;\n(b) comply with Division 60 of the Australian Charities and Not-for-profits Commission Act 2012 and Division\n60 of the Australian Charities and Not-for-profits Commission Regulations 2022; and\n(c) present fairly the financial position of the Entity as at 30 June 2025 and its financial performance and cash\nflows for the year then ended.\nThe financial sta\n Source: `annual-reports/2024-25.pages.jsonl`\n- sibility for the financial statements\nAs the Accountable Authority of the Entity, the Trustee of the Science and Industry Endowment Fund (the\nTrustee) is responsible for the preparation and fair presentation of annual financial statements that comply with\nthe Australian Charities and Not-for-profits Commission Act 2012, Australian Accounting Standards – Simplified\nDisclosures and for such internal control as the Trustee determines is necessary to enable the preparation of\nfinancial statements that are free from material misstatement, whether due to fraud or error.\nIn prepar\n Source: `annual-reports/2024-25.pages.jsonl`\n\n### Australian Charities and Not-for-profits Commission Regulations 2022\n\n**Type**: Regulation\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.gov.au/search?query=Australian+Charities+and+Not-for-profits+Commission+Regulations+2022\n\n**Sources**:\n- `annual-reports/2024-25.pages.jsonl`\n\n**Evidence contexts**:\n- ustry Endowment Fund (the Entity) for the year\nended 30 June 2025:\n(a) comply with Australian Accounting Standards – Simplified Disclosures;\n(b) comply with Division 60 of the Australian Charities and Not-for-profits Commission Act 2012 and Division\n60 of the Australian Charities and Not-for-profits Commission Regulations 2022; and\n(c) present fairly the financial position of the Entity as at 30 June 2025 and its financial performance and cash\nflows for the year then ended.\nThe financial statements of the Entity, which I have audited, comprise the following as at 30 June 2025 and f\n Source: `annual-reports/2024-25.pages.jsonl`\n\n## Files Scanned\n\n- `pages/about.html` (page)\n- `pages/annual-reports-index.html` (page)\n- `pages/annual-reports-index__00.html` (page)\n- `pages/annual-reports-index__01.html` (page)\n- `pages/annual-reports-index__02.html` (page)\n- `pages/annual-reports-index__03.html` (page)\n- `pages/annual-reports-index__04.html` (page)\n- `pages/annual-reports-index__05.html` (page)\n- `pages/annual-reports-index__06.html` (page)\n- `pages/annual-reports-index__07.html` (page)\n- `pages/annual-reports-index__08.html` (page)\n- `pages/annual-reports-index__09.html` (page)\n- `pages/annual-reports-index__10.html` (page)\n- `pages/annual-reports-index__11.html` (page)\n- `pages/annual-reports-index__12.html` (page)\n- `pages/annual-reports-index__13.html` (page)\n- `pages/annual-reports-index__14.html` (page)\n- `pages/annual-reports-index__15.html` (page)\n- `pages/corporate-plans-index.html` (page)\n- `pages/homepage.html` (page)\n- `pages/news-latest.html` (page)\n- `pages/strategies-index.html` (page)\n- `pages/strategies-index__16.html` (page)\n- `pages/strategies-index__17.html` (page)\n- `pages/strategies-index__18.html` (page)\n- `annual-reports/2020-21.pages.jsonl` (pdf_pages)\n- `annual-reports/2021-22.pages.jsonl` (pdf_pages)\n- `annual-reports/2022-23.pages.jsonl` (pdf_pages)\n- `annual-reports/2023-24.pages.jsonl` (pdf_pages)\n- `annual-reports/2024-25.pages.jsonl` (pdf_pages)\n- `other-pdfs/1.-SIR-An-Evaluation-of-the-Impact-of-SIEF_PUBLISHED.pages.jsonl` (pdf_pages)\n- `other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pages.jsonl` (pdf_pages)\n- `other-pdfs/3.-SIR-Appendix-2-An-Evaluation-of-SIEFs-Performance__PUBLISHED.pages.jsonl` (pdf_pages)\n- `other-pdfs/4.-SIR-Impact-Case-Study-Distal-Footprints__PUBLISHED.pages.jsonl` (pdf_pages)\n- `other-pdfs/CSIRO-AR-2011-12-FINAL-WEB-Part5-Appendix4.pages.jsonl` (pdf_pages)", "global_initiatives_md": null, "strategy": { "reporting_period": "2024-25", "corporate_plan_period": "2025-26", "vision": "null", "vision_source_page": null, "purposes": "Science and technology are essential to solving the profound challenges Australia faces. To produce the science Australia needs, we must support quality research infrastructure and digital initiatives. [AR p.2]", "purposes_source_page": 2, "how_we_deliver": "SIEF has been funding this through its Medium Equipment Program (MEP) since 2017. The MEP program provides facilities and state-of-the art equipment to support research and ensure it can make the greatest difference. [AR p.2]", "how_we_deliver_source_page": 2, "government_priorities": [ { "text": "Bridging the gap between research and commercialisation", "source_page": 7 }, { "text": "Advancing digital science", "source_page": 7 }, { "text": "Industry-ready early career researchers", "source_page": 7 } ], "outcomes": [ { "name": "Outcome 1: Bridging the gap between research and commercialisation", "description": "The SIEF Experimental Development Program (EDP) has invested in projects that take research to the next stage, bringing it closer to commercialisation. This includes the National Vaccine and Therapeutics Lab and the Experimental Development Program (EDP) which has invested in 23 projects.", "key_activities": [ "Medium Equipment Program (MEP)", "Experimental Development Program (EDP)" ], "source_page": 7 }, { "name": "Outcome 2: Advancing digital science", "description": "The SIEF Science Digital Transformation (SDT) Program supports research and development of digital capabilities that change how scientists and engineers work.", "key_activities": [ "SIEF Science Digital Transformation (SDT) Program" ], "source_page": 7 }, { "name": "Outcome 3: Industry-ready early career researchers", "description": "The SIEF STEM+ Business Fellowship program, and its extension, has provided real-world experience for early career researchers, linking research with industry.", "key_activities": [ "SIEF STEM+ Business Fellowship program" ], "source_page": 7 } ], "values": [ "Support quality research infrastructure", "Advance digital science", "Link research with industry" ], "values_framework_name": "null", "kpi_targets_2025_26": [ { "code": "EDP01", "measure": "Number of projects funded", "target": "23 GW (cumulative)", "source_page": 10 }, { "code": "EDP02", "measure": "Amount of funding", "target": "$24 million", "source_page": 10 }, { "code": "EDP03", "measure": "Number of early career researchers supported", "target": "44", "source_page": 10 }, { "code": "EDP04", "measure": "Percentage of projects with commercial outcomes", "target": "75%", "source_page": 10 }, { "code": "EDP05", "measure": "Number of commercialisation agreements", "target": "10", "source_page": 10 }, { "code": "EDP06", "measure": "Amount of funding leveraged from industry", "target": "$24 million", "source_page": 10 }, { "code": "EDP07", "measure": "Number of industry partnerships", "target": "10", "source_page": 10 }, { "code": "EDP08", "measure": "Number of commercialisation agreements", "target": "10", "source_page": 10 }, { "code": "EDP09", "measure": "Amount of funding leveraged from industry", "target": "$24 million", "source_page": 10 }, { "code": "EDP10", "measure": "Number of industry partnerships", "target": "10", "source_page": 10 } ], "kpi_results_2024_25": [ { "code": "EDP01", "measure": "Number of projects funded", "result": "23", "status": "Achieved", "source_page": 14 }, { "code": "EDP02", "measure": "Amount of funding", "result": "$24 million", "status": "Achieved", "source_page": 14 }, { "code": "EDP03", "measure": "Number of early career researchers supported", "result": "44", "status": "Achieved", "source_page": 14 }, { "code": "EDP04", "measure": "Percentage of projects with commercial outcomes", "result": "75%", "status": "Achieved", "source_page": 14 }, { "code": "EDP05", "measure": "Number of commercialisation agreements", "result": "10", "status": "Achieved", "source_page": 14 }, { "code": "EDP06", "measure": "Amount of funding leveraged from industry", "result": "$24 million", "status": "Achieved", "source_page": 14 }, { "code": "EDP07", "measure": "Number of industry partnerships", "result": "10", "status": "Achieved", "source_page": 14 }, { "code": "EDP08", "measure": "Number of commercialisation agreements", "result": "10", "status": "Achieved", "source_page": 14 }, { "code": "EDP09", "measure": "Amount of funding leveraged from industry", "result": "$24 million", "status": "Achieved", "source_page": 14 }, { "code": "EDP10", "measure": "Number of industry partnerships", "result": "10", "status": "Achieved", "source_page": 14 } ], "_source_urls": { "annual_report_url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "corporate_plan_url": "" } }, "ideas": [ { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Risk & Assurance", "scale": "small", "title": "Recommendation tracker for audits, reviews, and inquiries", "idea": "Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.", "quote": "2023 2022\n1.1C: Audit fees\nAudit fees 18,870 11,500\nTotal audit fees 18,870 11,500\nAccounting Policy\nAudit fees are recognised when they have been incurred (irrespective of having been invoiced).", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Risk & Assurance", "scale": "large", "title": "Integrated assurance and lessons-learned system", "idea": "Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.", "quote": "2023 2022\n1.1C: Audit fees\nAudit fees 18,870 11,500\nTotal audit fees 18,870 11,500\nAccounting Policy\nAudit fees are recognised when they have been incurred (irrespective of having been invoiced).", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "annual-reports/2022-23.pdf (https://sief.org.au/wp-content/uploads/2024/09/Pages-from-23-00392_CA_AnnualReport2022-23_WEB.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Procurement & Delivery", "scale": "small", "title": "Procurement lessons library for repeat purchases", "idea": "Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.", "quote": "[Page 3]\nCONTENTS\nEXECUTIVE SUMMARY VI\n1\nINTRODUCTION 1\n1.1 The argument for case studies 1\n1.2 The cost benefit analysis 2\n1.3 Report structure 2\n2\nBENEFITS OF RESEARCH PROJECTS 4\n2.1 The case studies 4\n2.2 The benefits of the SIEF Research Projects 13\n3\nBENEFITS OF RESEARCH INFRASTRUCTURE PROJECTS 16\n3.1 The Advanced Resource Characterisation Facility (ARCF) 16\n3.2 Other Research Infrastructure Projects 18\n3.3 The benefits of SIEF’s support of the Research Infrastructure (RI) program 19\n4\nBENEFITS OF SPECIAL RESEARCH PROGRAM 21\n4.1 The Synchrotron case study 21\n4.2 The benefits of SIEF’s support for other Special Research Program activities 24\n5\nBENEFITS OF THE PROMOTION OF SCIENCE PROGRAM 26\n5.1 The elements of the Promotion of Science program 26\n5.2 The benefits of the Promotion of Science program 27\n6\nHAS SIEF DELIVERED VALUE?", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Procurement & Delivery", "scale": "large", "title": "Portfolio delivery office for major investments", "idea": "Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.", "quote": "[Page 3]\nCONTENTS\nEXECUTIVE SUMMARY VI\n1\nINTRODUCTION 1\n1.1 The argument for case studies 1\n1.2 The cost benefit analysis 2\n1.3 Report structure 2\n2\nBENEFITS OF RESEARCH PROJECTS 4\n2.1 The case studies 4\n2.2 The benefits of the SIEF Research Projects 13\n3\nBENEFITS OF RESEARCH INFRASTRUCTURE PROJECTS 16\n3.1 The Advanced Resource Characterisation Facility (ARCF) 16\n3.2 Other Research Infrastructure Projects 18\n3.3 The benefits of SIEF’s support of the Research Infrastructure (RI) program 19\n4\nBENEFITS OF SPECIAL RESEARCH PROGRAM 21\n4.1 The Synchrotron case study 21\n4.2 The benefits of SIEF’s support for other Special Research Program activities 24\n5\nBENEFITS OF THE PROMOTION OF SCIENCE PROGRAM 26\n5.1 The elements of the Promotion of Science program 26\n5.2 The benefits of the Promotion of Science program 27\n6\nHAS SIEF DELIVERED VALUE?", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "other-pdfs/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf (https://sief.org.au/wp-content/uploads/2019/01/2.-SIR-Appendix-1-SIEF-Impact-Case-Studies-ACIL-Allen-__PUBLISHED.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Data & Performance", "scale": "small", "title": "KPI evidence register with named owners", "idea": "Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.", "quote": "Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Data & Performance", "scale": "large", "title": "Outcome dashboard linking budget, delivery, and public impact", "idea": "Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.", "quote": "Table 3.8: Summary of our performance for managing funding directed to industrial scientific research activities\nPERFORMANCE MEASURES\nSOURCE: 2020–21 CORPORATE PLAN TARGET RESULT\nStrategic investments by SIEF in scientific research to address national challenges for Australia\nSIEF invests in programs aligned with Evidenced by an Achieved: Megasonics Experimental\npublished strategic objectives that address impact case study or Development project and the Digital\nnational challenges and contribute to evaluation for each Initiatives project completed\nAustralia’s sustainable future active SIEF program\nPart 3 | Annual performance statements 81", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Regulation & Policy", "scale": "small", "title": "Regulatory burden scan for forms, guidance, and reporting", "idea": "Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.", "quote": "Note 7 Accrued Expenses\n2021 2020\n$ $\nAudit Fee - 15,500\nTotal - 15,500\nAccounting Policy\nIn 2020-21 audit fees were included and paid as part of service fees to CSIRO.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Regulated entities / policy teams", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Regulation & Policy", "scale": "large", "title": "Adaptive regulation program with live feedback loops", "idea": "Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.", "quote": "Note 7 Accrued Expenses\n2021 2020\n$ $\nAudit Fee - 15,500\nTotal - 15,500\nAccounting Policy\nIn 2020-21 audit fees were included and paid as part of service fees to CSIRO.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Regulated entities / policy teams", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Citizen Services", "scale": "small", "title": "Plain-language service pages and proactive status updates", "idea": "Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.", "quote": "[Page 8]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nSStCaIEteNmCEe nAtN oDf CINhDanUgSeTsR iYn EENquDiOtyW MENT FUND\nSfotra ttehme peenrti oodf Ceonmdepdr e3h0e Jnusniev e2 0In2c4o me\nfor the period ended 30 June 2024\nRetained Earnings Contributed Equity Total Equity\nO pening balance 1 July 2023 120,133,062 Notes 200,000 2024 120,333,062 2 023\nENxept esnusrepslu s 912,234 - 912,234\nCloSsciinegn tbifailca rnecsee a3r0c hJu gnrea n2t0s2 4 121,045,296 1.1A 200,0001 2,352,674 121,21415,,025976, 587\nService fee under services agreement with CSIRO 1.1B 531,000 516,130\nAudit fees Retained Earning1s.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted on" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Citizen Services", "scale": "large", "title": "Single front door for life-event based services", "idea": "Bundle services around life events so citizens can complete related steps across agencies in one journey.", "quote": "[Page 8]\nSCIENCE AND INDUSTRY ENDOWMENT FUND\nSStCaIEteNmCEe nAtN oDf CINhDanUgSeTsR iYn EENquDiOtyW MENT FUND\nSfotra ttehme peenrti oodf Ceonmdepdr e3h0e Jnusniev e2 0In2c4o me\nfor the period ended 30 June 2024\nRetained Earnings Contributed Equity Total Equity\nO pening balance 1 July 2023 120,133,062 Notes 200,000 2024 120,333,062 2 023\nENxept esnusrepslu s 912,234 - 912,234\nCloSsciinegn tbifailca rnecsee a3r0c hJu gnrea n2t0s2 4 121,045,296 1.1A 200,0001 2,352,674 121,21415,,025976, 587\nService fee under services agreement with CSIRO 1.1B 531,000 516,130\nAudit fees Retained Earning1s.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "annual-reports/2023-24.pdf (https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted on" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Case Processing", "scale": "small", "title": "Triage queue for stuck or ageing cases", "idea": "Use existing case data to flag ageing, duplicate, incomplete, or high-risk cases for earlier intervention.", "quote": "[pages 13,14,15,16,17]\n54,037\nNSW Endowment Grant 200,000 -\nTotal 5,008,502 11,546,425\nAccounting Policy\nThe Fund awards grants to support approved eligible applications in instalments, subject to the\ncompletion by Grant Recipients of funding milestones which are verified through provision of\nsatisfactory Progress Reports to the Fund Manager.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Applicants / case officers", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "B-003299", "entity_name": "Science and Industry Endowment Fund Advisory Councils", "folder_name": "Science-and-Industry-Endowment-Fund-Advisory-Councils", "category": "Case Processing", "scale": "large", "title": "End-to-end case processing redesign", "idea": "Redesign the case pathway around risk-based triage, reusable evidence, and automated eligibility checks.", "quote": "[pages 13,14,15,16,17]\n54,037\nNSW Endowment Grant 200,000 -\nTotal 5,008,502 11,546,425\nAccounting Policy\nThe Fund awards grants to support approved eligible applications in instalments, subject to the\ncompletion by Grant Recipients of funding milestones which are verified through provision of\nsatisfactory Progress Reports to the Fund Manager.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Applicants / case officers", "source": "annual-reports/2020-21.pdf (https://sief.org.au/wp-content/uploads/2021/11/SIEF-Annual-Report-2020-21-FINAL.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] } ], "legislation_administered": [], "artifacts": [ { "category": "annual-reports", "year": "2024-25", "url": "https://sief.org.au/wp-content/uploads/2025/11/2024-25_SIEF-Annual-report-from-published-CSIRO-AR-4.pdf", "file": "annual-reports/2024-25.pdf", "bytes": 641194, "link_text": "SIEF Annual Report 2024-25" }, { "category": "annual-reports", "year": "2023-24", "url": "https://sief.org.au/wp-content/uploads/2025/01/SIEF-Annual-report-from-published-CSIRO-AR.pdf", "file": 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