Summary
Following government endorsement of the recommendations of the Review of the Corporate Governance of Statutory Authorities and Office Holders (the Uhrig Review), the bill amends the
Australian Research Council Act 2001
to: retire the Board of the Australian Research Council (ARC) and transfer the majority of the Board’s functions and responsibilities to the CEO of the ARC; establish other new governance arrangements; and update annual funding caps to reflect revised forward estimates and the transfer of the Commercialisation Training Scheme to the Department of Education, Science and Training.