Product catalogue
Exploring for the Future Program: Return on Investment Analysis
<p>Exploring for the Future (EFTF, <a href=" http://www.ga.gov.au/eftf">http://www.ga.gov.au/eftf</a>) is a four-year (2016–2020) $100.5 million program investigating the mineral, energy and groundwater resource potential in northern Australia and parts of South Australia. The program is delivering new geoscience data, knowledge and decision support tools that support increased industry investment and sustainable economic development.
<p>Geoscience Australia commissioned ACIL Allen Consulting to independently quantify the return on investment from selected EFTF projects that are representative of the nature of the work done under the program. The objective was to develop a plausible and economically robust estimate of the returns to government through increased government revenue as a result of the case study projects. Geoscience Australia would like to acknowledge the organisations that have contributed to or supported these EFTF case study projects.
<p>The results of this independent analysis can be used to estimate the impact and value of the EFTF program as a whole relative to the funds invested in these activities. The evaluation framework used by ACIL Allen Consulting to assess the impact and value of Geoscience Australia’s pre-competitive geoscience under EFTF is one that has been used for similar assessments of similar organisations in the past.
<p>The analysis shows that the benefits that could potentially flow to the Commonwealth as a result of the EFTF projects examined at least match what has been spent on the program, and the returns can be as much as an order of magnitude higher than the cost of the entire program.
Simple
Identification info
- Date (Creation)
- 2019-12-24
- Date (Publication)
- 2020-01-09T01:41:42
- Citation identifier
- Geoscience Australia Persistent Identifier/https://pid.geoscience.gov.au/dataset/ga/132897
- Citation identifier
- Digital Object Identifier/https://dx.doi.org/10.26186/132897
- Cited responsible party
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Role Organisation / Individual Name Details Publisher Commonwealth of Australia (Geoscience Australia)
Voice Author ACIL Allen Consulting
- Purpose
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Geoscience Australia commissioned this independent expert report to quantify the return on investment, primarily in terms of returns to government through increased government revenue, for selected case studies from the EFTF program. This return on investment analysis was undertaken to demonstrate the justification for Government investment in pre-competitive geoscience.
- Status
- Point of contact
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Role Organisation / Individual Name Details Point of contact Commonwealth of Australia (Geoscience Australia)
Voice Point of contact Hackney, R.
- Spatial representation type
- Topic category
-
- Geoscientific information
Extent
Temporal element
- Time period
- 2016-07-01 2020-06-30
Extent
))
- Maintenance and update frequency
- As needed
Resource format
- Title
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Product data repository: Various Formats
- Website
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Data Store directory containing the digital product files
Data Store directory containing one or more files, possibly in a variety of formats, accessible to Geoscience Australia staff only for internal purposes
- theme.ANZRC Fields of Research.rdf
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Public Economics- Taxation and Revenue
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GEOPHYSICS
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Agricultural Economics
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GEOLOGY
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Petroleum and Coal Geology
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Agricultural Land Planning
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Hydrogeology
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Economic Development and Growth
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Ore Deposit Petrology
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EARTH SCIENCES
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- Project
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Exploring for the Future
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- Project
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EFTF
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- Keywords
-
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Published_External
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Resource constraints
- Title
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Creative Commons Attribution 4.0 International Licence
- Alternate title
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CC-BY
- Edition
-
4.0
- Access constraints
- License
- Use constraints
- License
Resource constraints
- Title
-
Australian Government Security ClassificationSystem
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
- Language
- English
- Character encoding
- UTF8
Distribution Information
- Distributor contact
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Role Organisation / Individual Name Details Distributor Commonwealth of Australia (Geoscience Australia)
Voice
- OnLine resource
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Download report (pdf) [2.0 MB]
Download report (pdf) [2.0 MB]
- Distribution format
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pdf
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- OnLine resource
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Download acknowledgement list (pdf) [<1.0 MB]
Download acknowledgement list (pdf) [<1.0 MB]
- Distribution format
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pdf
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Resource lineage
- Statement
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ACIL Allen Consulting were contracted by Geoscience Australia to prepare this independent report in September 2019. A preliminary report was provided in October 2019 and this final report was completed in December 2019.
Metadata constraints
- Title
-
Australian Government Security Classification System
- Edition date
- 2018-11-01T00:00:00
- Classification
- Unclassified
Metadata
- Metadata identifier
-
urn:uuid/3245d962-4862-43a0-ba7b-925a085e9151
- Title
-
GeoNetwork UUID
- Language
- English
- Character encoding
- UTF8
- Contact
-
Role Organisation / Individual Name Details Point of contact Hackney, R.
Type of resource
- Resource scope
- Document
- Name
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Independent consultancy report
Alternative metadata reference
- Title
-
Geoscience Australia - short identifier for metadata record with
uuid
- Citation identifier
- eCatId/132897
- Date info (Creation)
- 2019-04-08T01:55:29
- Date info (Revision)
- 2019-04-08T01:55:29
Metadata standard
- Title
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AU/NZS ISO 19115-1:2014
Metadata standard
- Title
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ISO 19115-1:2014
Metadata standard
- Title
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ISO 19115-3
- Title
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Geoscience Australia Community Metadata Profile of ISO 19115-1:2014
- Edition
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Version 2.0, September 2018
- Citation identifier
- https://pid.geoscience.gov.au/dataset/ga/122551