Appendix

Costing Details of Proposed Budget

The proposed research position budget is based on a formula used by a number of Cooperative Research Centres.  It includes direct salary costs, salary oncosts, an allowance for experimental/operational costs and an ‘overhead’ payment to the hosting institution to cover indirect costs. 

Postdoctoral Researcher

Costs are estimated as follows:

2)  Australian Research Council salary rates¹² which for a Postdoctoral Fellowship in 2008 is $78,591 p.a.(including 28% direct on-costs).  Given likely increments, this should be budgeted to rise to $85,000 over the next 3 years.


3) Experimental costs - $20,000 p.a.


4) ‘Overhead’ payment - $20,000 p.a.

PhD Student

1) Based on ARC industry scholarships the full annual tax-free stipend is $26,140.


2) A student in receipt of a university scholarship may receive a smaller stipend, around $19,600¹³  and a ‘top-up’ to the ARC industry scholarship rate.


3) A small support allocation might be made, but universities are expected to meet the other costs associated with students from their general grant funding.

Information Exchange – prospective activities:

• Annual conference a two-day event - venue hire ($10,000), proceedings ($5,000), two international guest speakers ($5,000 each) – total $25,000
  
  
• Presentations at international conferences – 2 p.y. each receiving $5,000 support - $10,000
  
  
• Establish professional society - $10,000 p.y. secretarial support
  
  
• Create web site ($10,000), annual maintenance by professional society ($5,000) and annual hosting cost ($5,000) - $20,000. 

¹³ See the University of Queensland research scholarship web page

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