David Pocock (ACT, Independent) Share this | Hansard source

My question is to the Minister representing the Minister for Industry and Science, Senator Farrell. Australia's R&D expenditure is just 1.68 per cent of GDP, well below the OECD average of 2.72 per cent and well below the government's own target of three per cent. Federal government spending on R&D is the lowest on record, sitting at just 0.17 per cent of GDP, with business expenditure falling to 0.9 per cent. In the federal budget, the government said it will commission a strategic examination of Australia's R&D system—noting that this was almost four months ago now. Can the minister please provide an update on when this review will commence and when the terms of reference will be released?