World-leading research on the Sunshine Coast
The Morrison Government is providing $420,040 to fund a research project at the University of the Sunshine Coast, through the Australian Research Council (ARC) Discovery Early Career Researcher Award (DECRA).
The project, to be conducted by Dr Timothy Peters, aims to rethink the modern corporation, going beyond the existing tendencies of companies to focus on profits and financial value above all other interests. The expected outcomes of the research include new approaches to legal regulation to encourage greater economic cooperation. This should provide significant benefits in enhancing business productivity in increasing the public good as well as financial value.
Member for Fisher Andrew Wallace congratulated the University of the Sunshine Coast and the researcher who will conduct this world-leading investigation.
“This project will help us to understand how modern corporations function and how we could provide an environment where they make their biggest possible contribution to our society,” Mr Wallace said. “This is a world-leading research project addressing an important issue that will make a real difference to every Australian.”
“With the USC Thompson Institute, the Sunshine Coast eating disorders treatment pilot, and the cutting-edge work going on at the University of the Sunshine Coast, our community, with the Federal Government’s support, it is becoming a national leader in research and innovation.” Mr Wallace said.
Dr Timothy Peters, Senior Lecturer in Law at the University of the Sunshine Coast said “Regulating and governing corporations well is crucial for dealing with the many issues we face today, including how we live sustainably into the future, respond to both social and economic inequalities, and deal with the challenges of technology and automation.”
Minister for Education Dan Tehan said research done at our universities led to the development of new products and innovations that drive job growth, business opportunities and productivity gains.
“The productive capacity of our nation relies on educated workers, able to access innovation and research, to drive growth and opportunity,” Mr Tehan said.
“Our Government is making a significant investment in Australia’s next generation of researchers working in key priority areas to grow our research and innovation capacity.
“This research will generate new knowledge, develop new technologies, and lead to new products and jobs. The research targeting natural disasters will make Australians safer and improve how we prepare for future challenges.”
The Morrison Government is providing $81.8 million to fund 200 research projects through the DECRA program.