Fisheries Research and Development Corporation
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| Agency overview | |
|---|---|
| Formed | 1991 |
| Jurisdiction |
 Commonwealth of Australia
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| Headquarters |
Canberra, Australian Capital Territory, Australia Coordinates: 35°19′00″S 149°05′48″E / 35.3168°S 149.0966°E |
| Employees | 12 |
| Minister responsible |
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| Agency executive |
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| Website | http://www.frdc.com.au |
The Fisheries Research and Development Corporation (FRDC) is a statutory authority that manages investment by the Australian Government and the Australian fishing and aquaculture industry.
The FRDC is one of fifteen Australian rural research and development corporations managing investment by the Australian Government and primary industries that during the past 25 years has been crucial to the doubling of the productivity of the agriculture, fisheries and forestry sectors.
At its inception in 1992, the Corporation's major focus was on research concerning the management of commercial wild-catch fisheries and, to a lesser extent, aquaculture. Since then, the scope has widened greatly to encompass economic, environmental and social aspects of the entire fishing and aquaculture industry – that is, the recreational and indigenous customary sectors in addition to the commercial wild-catch and aquaculture sectors. The Corporation’s strategic investments in research, development and extension activities benefit all its stakeholders (listed below). However, the FRDC is unique among the corporations in balancing its investment between natural resource management and industry productivity and development. Therefore, a significant proportion of funding is directed at research that has a public good benefit.
In fulfilling its role of planning, investing in and managing fisheries research, development and extension (RD&E) activities in Australia, the FRDC provides leadership and coordination of the monitoring, evaluating and reporting on RD&E activities and facilitates the dissemination, extension and commercialisation of research results to end-users. The FRDC achieves this through coordinating investment by government and industry, and involving stakeholders to set and address RD&E priorities. The FRDC also monitors and evaluates the adoption of RD&E outputs to inform future decisions.
Formed as a statutory corporation on 2 July 1991 under the provisions of the Primary Industries and Energy Research and Development Act 1989 (the PIERD Act), the FRDC is responsible to the Minister for Agriculture (Australia).
A Chairman and a board of directors govern the FRDC; the Executive Director leads the corporation’s business activities on a day-to-day basis. The board oversees corporate governance, sets strategic direction and monitors the ongoing performance of the Corporation and the Executive Director. The board and the Executive Director are responsible for managing and evaluating the Corporation and its investments, and for reporting to government and the fishing and aquaculture industry. During 2012-13 the focus for the FRDC Board was on:
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