ARC linkage funding
One of the advantages of the Cluster Project is that in bringing together researchers and stakeholders, relationships form which can lead to ongoing research opportunities such as ARC linkage grants.
Earlier in 2016 a team comprising Dr Colin O’Hare and Dr Bonsoo Koo (Monash), Dr Zili Zhu (CSIRO), David Cox (Challenger) and Douglas McBirnie (Accurium) received an ARC linkage grant for a three-year project: Towards a superannuation system fit for the future.
An important element of the Cluster Project is that it gives researchers access to data from government agencies, which is otherwise not available to industry. This three-year project led by Colin O’Hare continues this work, using Department of Human Services data to develop insights into individuals’ behaviour and choice. This should inform evidence-based policy making around how government can assist trustees in providing appropriate Comprehensive Income Products for Retirement (CIPRs). As it is difficult for trustees to design appropriate CIPRs due to limited information on their members, this project will use detailed DHS data to design a range of CIPRs, which funds could then offer to their members.
ARC Linkage Grants are especially well suited to such partnerships as a key objective of the grants is to support the initiation and/or development of long-term strategic research alliances between higher education organisations and other organisations. To be eligible for such a Grant, Partner Organisations must make a significant contribution in cash and/or in-kind such that the combined Partner Organisation(s) eligible contributions are equal to or greater than the ARC funding. The Linkage Projects scheme provides project funding of $50,000 to $300,000 per year for two to five years. For more details visit the Australian Research Council, email at ARC-LinkageProjects@arc.gov.au or telephone +61 2 6287 6600.
Where to next?
The research initiated by the Cluster lends itself to further partnerships between industry and academe, especially given the new focus on research ‘impact’ in government grants.
Cluster Leader Prof Deborah Ralston has been speaking to stakeholders, both individually and collectively, to highlight the main outcomes of the industry-relevant research that has been already undertaken by the Cluster, and issues pertinent to current policy debates on superannuation and retirement in Australia where further research would likely benefit all stakeholders. Prof Ralston has also been canvassing interest in future opportunities for development of this evidence-based research and for ongoing collaboration between researchers and key stakeholders. At this stage there has been interest expressed in establishing a centre for excellence in retirement studies which could build on the Cluster’s work.
Monash Business School Monash University
Australian Centre for Financial Studies Monash Business School