Annual Review 2018—2019 Our 2017-2020 Strategy Plan covers of electing 40 per cent of new Fellows We launched Shifting gears — Preparing eight important areas. Since strategy from industry and government will for a Transport Revolution in April is ultimately about directional change, need more focus in future years. 2019 at a Melbourne event hosted here I want to focus on three of our by the Committee for the Economic top priorities that are different from Membership isn’t the only area where Development of . “business as usual”: we’re achieving results in diversity. The Science in Australia Gender The report generated substantial 1. amplifying impact Equity (SAGE) program, a partnership media and social media coverage and 2. diversity and inclusion between ATSE and the Academy of subsequent opportunities to present its 3. preparing Australia for a future of Science, awarded the first Athena recommendations to government and disruptive technological change. Swan Bronze Awards to a cohort of to transport-related conferences. Work Professor Hugh Bradlow FTSE institutions. And the Women in STEM has begun on the second report which The most contentious of these, Decadal Plan, another collaboration will examine the readiness of the health President amplifying impact, is still a work in with the Academy of Science, is services to adopt new technologies. progress. The brand refresh generated encouraging diversity and inclusion a lot of debate, and has since been across STEM sectors. I would like to thank the many finessed to encompass a range of Fellows who have made invaluable Fellows views. ATSE’s brand now We’re also proud of our Industry contributions this year — whether balances our rich, ongoing history Mentoring Network in STEM (IMNIS) as Board members, members of with a bold visual identity and a initiative, which breaks down barriers Assembly or Division committees, 21st century web presence. between industry and academia by Forum leaders or contributors, or as equipping post graduate students members of Expert Working Groups This ongoing process has generated with the knowledge, skills and like the technology readiness group. the most engagement across the connections for industry careers. Fellowship I’ve seen in my 28 years The number of mentees participating Finally, I must thank our CEO and her as a Fellow. We have also made in IMNIS increased from 407 in June team. It is particularly important that massive strides in our communications 2018 to 642 in June 2019. we recognise the role played by our over 2018-2019. In particular, CEO, Dr Margaret Hartley FTSE, who we significantly improved our In terms of the third challenge, is leaving us at the end of 2019. media presence. technology readiness, we’re developing a roadmap to help industries In leading the Academy over the We can also be proud of our integrate emerging tech to Australia’s past 11 years, Margaret has shaped achievements in Diversity and Inclusion. advantage. This Learned Academies the organisation into a professional Forty-four per cent of our 2018 new Special Project (LASP) is funded by enterprise and has put us in good Fellows were women, a huge stride Research Council. shape both financially and in terms towards our goal of an equal of our contribution to society. CONTENTS gender balance among new Fellows The first of our three reports for this by 2025. That said, our missed goal project is on the transport sector. We wish her all the best for her future. 2 The year in review 4 Evidence based policy research — Transforming Transport 6 Connecting with government — Informing decision makers 8 Sustained research and action The year in review — Policy and submissions 10 Addressing the gender imbalance in STEM — Diversity & Inclusion 12 Equipping a technically literate The Academy had a fruitful year, exploring the big issues future workforce — STEM education to provide practical advice for policy and decision-makers. 14 Enhancing industry & researcher engagement through mentoring Focusing on topics in line with our our Diversity and Inclusion Policy. In November 2018 we launched a — IMNIS Strategy Plan 2017—2020, the In 2018, 44 per cent of new Fellows new public-facing website, with a 16 Connecting globally for the benefit Academy published two major reports were women — above the short-term fresh look and enhanced content. of Australia — Global Connections on technology readiness in the 40 per cent target and approaching Our public newsletter, #TechKnow, transport sector, and on digital our target of 50 per cent by 2025. and our growing podcast library are 18 Championing technological sciences, futures along with four position also contributing to taking Fellows’ engineering and innovation Dr Margaret Hartley FTSE statements and one action statement. We once again delivered unconscious expertise and insights to a wider — Celebrating excellence Chief Executive Officer bias training to all members of the public audience. During the reporting year, the Academy Board and Assembly, as well as to 22 Our Fellows made 10 formal submissions to staff. This year, we achieved another This reporting year has seen the — Achievements government inquiries, drawing on milestone, electing our first female Academy strengthen its position the expertise of Forum leaders and Foreign Fellow, Kiran Mazumdar-Shaw on a number of fronts, including 23 Vale the broader Fellowship. FTSE, Chairperson and Managing another solid financial performance Director of Biocon Limited (India). that enables us to undertake the 24 Strengthening engagement with Fellows continued to be involved policy development work which our Fellowship — Division activity across the Academy’s work, directly Our commitment to international drives our mission. contributing to policy and international engagement is as strong as ever, 25 Impact projects, committees, working groups including our stewardship of the Global I take this opportunity to thank 26 A 21st century learned academy or Forums, and Division activities. Connections Fund, our membership of the Board and its committees, the — Key people I thank them for their generous gift of CAETS (now with a Board position), the Fellows and staff, without whom time and expertise to the Academy. exchange program we ran with China, none of this would have been possible. 28 The Academy at work 2018-2019 and our ongoing engagement with our I’m enormously proud that we are sister academies in Germany, China, It has been an honour to serve as CEO 30 Financial Summary making progress in delivering on Japan, South Korea, UK and NZ. of the Academy for the past 11 years.

2 3 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 EVIDENCE BASED POLICY RESEARCH

Transforming Read the report online transport atse.org.au/transport

Evidence-based policy research is at the heart of the Academy’s mission. That’s why we produced the report Shifting Gears — Our transport video reached more than 35,000 people on Twitter & LinkedIn. It also Preparing for Australia’s Transport Revolution. featured on the NewsCorp site which increased the reach exponentially. Other Technology change, globalisation and IMPACT media coverage included demographics will create a set of major articles in The Advertiser and opportunities and challenges for Australian The report was launched at an event the Sydney Morning Herald. business and society. Australia will require hosted by the Melbourne branch an inspirational policy vision to remain a of the Committee for Economic leading society and economy by the end of the next decade. Development of Australia (CEDA), in front of dozens of industry, That is why understanding Australia’s readiness to adopt and adapt new technologies, and research and government leaders. making recommendations about how to do so, is central to the Academy’s strategy. As a consequence, the Academy published a major report identifying sustainability and climate change, productivity and health as the three key challenges that will need to be addressed within the transport sector over the next decade. Specifically, the transport sector will need to lower emissions, improve the efficient movement of people and freight and reduce transport-related deaths and serious injuries. The deployment of connected and autonomous vehicles, low and zero-emission vehicles, high-frequency mass transport and intelligent transport systems are potential solutions to Media coverage of the report included a these challenges. front-page story in The Advertiser (Adelaide) and online coverage throughout News Corp’s The report is a result of the Academy undertaking metropolitan network. a major three-year (2018–2020) Australian Research Council Learned Academies Special The Sydney Morning Herald published an Projects-funded research project to examine the opinion piece by the Academy President, which readiness of different Australian industry sectors was reprinted in other Nine (formerly Fairfax) to develop, adapt and adopt new and emerging papers and carried online throughout Nine’s technologies, with a horizon out to 2030. metropolitan network. The transport sector is the first industry sector The Executive Director, Policy, was interviewed to be examined by the project. Work has begun on Sky TV news. on the second sector, health. A 45-second video was published by the Academy on Twitter and LinkedIn, where it reached 35,000 people. Tens of thousands more viewed it on News Corp sites.

4 5 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 CONNECTING WITH GOVERNMENT

We continue to identify and advocate best- practice technology adoption, utilisation and invention for economic and social benefit.

RESEARCH-INDUSTRY COLLABORATION INNOVATION METRICS REVIEW Informing The Academy was commissioned by the Federal Government to create a Conceptual Framework and decision makers literature review of measuring innovation SYMPOSIA POLICY & ACTION STATEMENTS Released by the following Forums: ENERGY Agriculture, Digital Futures, Education, Energy Markets Energy, Industry & Innovation, Mineral — The Consumer Perspective Resources and Water. The Academy delivers trusted, evidence- Sydney October 2018

based advice to Government to encourage HEALTH Big Data and Genomics policy that supports the implementation of — The Future of Health Academy Expert Working Group Sydney September 2018 Two workshops technology for all Australians. December 2018 CYBERSECURITY January 2019 Cyberwarfare March 2019 Connecting to the Minister Health technology The Hon Karen Andrews MP, Minister for Science, • Redesign the healthcare compensation Industry and Technology, spoke at the Academy’s system to encourage preventative technology. Innovation and Excellence Awards event. The • Incentivise uptake of in-home technology Academy President; CEO; and Executive Director, and services for the aged. Policy, have had a subsequent meeting with the SUBMISSIONS & BRIEFINGS • Incentivise the use of My Health Record. Minister, who also launched the newly funded Key topics: regional IMNIS program. GM moratorium Privacy and data security AI Ethics Commission • Enact data protection legislation that National Hydrogen Strategy Victorian Parliament Seminars ensures consumer privacy. Automated Mass Transit Conceptual Framework designed December 2018 The Academy organised a series of seminars • Ensure that data access laws balance National Energy Guarantee to MPs at the Victorian Parliamentary Library. the needs of law enforcement agencies, NSW Curriculum Review Fellows presented on subjects including technology investment and citizens. Medical Research autonomous vehicles, biomedical innovations ASSEMBLIES and energy storage. Science, technology, engineering and mathematics (STEM) education Assembly 21 • Ensure high-quality, discipline-specific Assembly 22 Election Priorities teacher training in STEM subjects. Addressing STEM Education Issues In the lead up to the 2019 election the Academy • Phase out out-of-field teaching of STEM released an agenda covering six science and subjects in years 7 to 10. technology priority themes to guide the next Federal Government. The priorities were: • Invest $20 million to give all schools access to STELR. International workshop Climate change and sustainability • Ensure that school education encompasses Canberra March 2019 • Energy: Urgently accelerate Australia’s both STEM and humanities disciplines. transition to low-emission energy generation. Transport infrastructure • Water: Work with the states and territories • Support a transition to low-emission vehicles. to develop a new decadal strategy for national water management. • Support the adoption of cooperative PROJECTS & ACTIONS intelligent vehicles. The Policy team and Fellows have • Agriculture: Drive change in agricultural contributed to discussions on: practices to reduce greenhouse emissions Diversity and inclusion Carbon Neutral Farms intensity and increase net carbon • Implement policy to overcome factors STEM Schools Heatmap sequestration in the land sector. that discourage girls from studying STEM. ELECTION STATEMENT Industry Engagement Scorecard • Develop a national gender equity Input from the Board LASP Nexus Projects framework for SMEs. and all Forum chairs Water Management National Literature review Decadal Plan • Incentivise gender equity in STEM businesses. April 2019 June 2019

6 7 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 9

on the Cultivation of Genetically of on the Cultivation Food Crops Modified advanced that advised Academy The technologies gene editing precision and disease drought could improve fertilisers, the use of reduce resistance, and herbicides and pesticides, nutrition. improve online. can be read All submissions Incentive Amendments Incentive Tax the R&D believed Academy The a premium should offer Incentive and development research for rate publicly Australian with undertaken to organisations funded research and collaboration greater drive benefits. wider as a Leading Australia Positioning Nation Digital to The Academy Australia encouraged the by leading future its digital ensure andtechnology digital of development industry, in business, its application and society. government Review Independent the to Submission Moratorium Australian the South of Embracing Australia’s Digital Futures Digital Australia’s Embracing prioritythat counselled Academy The Australian preparing to be given must and be leaders to and society industry and the emergence in followers fast futures. digital of development Tax & Development Research atse.org.au

2018 – 2019 REVIEW ANNUAL

Digital Technologies: Australian Australian Technologies: Digital Developments series of a presented Academy The the current on statements expert research technology digital of status this country. in and application the Benefit Globally for Connect Australia of international that argued Academy The partnerships and innovation research world-leading to access Australia’s open markets, infrastructure, expertise, and funding programs. investment Education the NSW to Submission NSW (NESA) Authority Standards Curriculum Review The Academy Australia warned that enough school encourage to failing was subjects, STEM senior take to students these skills will underpin though even health and prosperity. future our into Inquiry the to Submission Research Australia’s Funding more, for advocated Academy The and less fragmented targeted, more and strategic basic, funding for Australia. in applied research and Affairs Foreign of Department Review Power Soft Trade The Academy Australia that proposed technology changeneeds to embrace secure to it will bring the disruption and fabric societal economic future, our region. the in and influence change climate to response Australia’s to The Academy use Australia urged encourage to policy government renewable in available investment and advance and adopt technologies, mitigate to in order innovations, new change. climate to and adapt

our nation in a fast-changing world, contributing robust robust contributing world, in a fast-changing our nation debates. Australia’s thinking to and practical but these cautioned that needed to to a make were they specific if be more difference. a practical Energy the COAG to Response Strategy Hydrogen National Council Paper Discussion if that proposed Academy The play a significant to was hydrogen emissions it should be in reducing role powered with electrolysis produced resources. energy by renewable Tasmania’s of Review the to Submission Organisms Modified Genetically Moratorium (GMO) The Academy Tasmania suggested the benefit for lift its GMO Moratorium the economy and environment. of We apply our expertise to solve the big issues facing facing the big issues solve to apply our expertise We Standard Zealand and New Australian (ANZSRC) Classification Research 2019 Review several recommended Academy The specificto the changes classification and analyses measures that system Australia in and development research Zealand. and New Ethics Australia’s Intelligence: Artificial Paper Discussion Framework the Federal urged Academy The AI advisory an create to Government of range panel with a broad AI technologies to ensure stakeholders implemented. ethically are Science the National of Implementation the Priorities under and Research Program Grants Competitive National setting supported Academy The and research our priorities for national translate to better efforts developing outcomes. real-world into research Renewable Australian the into Input Priorities Investment Agency’s Energy The Academy agreed with ARENA’s focus, of shift its areas to proposals Policy & Policy submissions 2018 – 2019 REVIEW ANNUAL

SUSTAINED RESEARCH AND ACTION 8 ADDRESSING THE GENDER IMBALANCE IN STEM

Externally the Academy partnered with the Academy of Science to develop the Women in STEM Decadal Plan and co-administered the SAGE Athena Bronze Awards, Diversity and on behalf of the Australian Government we organised an Asia-Pacific Economic & Inclusion Cooperation (APEC) Workshop on Women in Entrepreneurship in Santiago, Chile.

The Academy is committed to greater First SAGE Bronze awards Fifteen Australian institutions have been recognised action around diversity and inclusion. for efforts to improve gender equity and diversity, receiving inaugural Athena SWAN Bronze Awards We have set gender targets for the Board, committees and from Science in Australia Gender Equity (SAGE). the Fellowship. Our future diversity priorities include age, Nicolle Flint, MP for Boothby, representing Prime Minister , presented the awards at Indigenous Australians and ethnicity in STEM. 44% of Fellows Parliament House in Canberra. SAGE is a partnership elected were women between the Australian Academy of Technology and Engineering and the Australian Academy of Science. Board Committees % of women This is our highest proportion ever and in excess of the Academy’s 40% target for this year. Evidence is already emerging that the program is having a positive impact, including: M M M M • increased career satisfaction and opportunities • improved working practices to support career 50% progression • increased visibility of F F F F • an increased proportion of women in STEMM — science, technology, engineering, maths and Pictured at the Athena Swan Bronze Awards in December 2018: medicine — departments nationally. Margaret Hartley, CEO; Alison Johns, Chief Executive, Advance HE First foreign female (UK Athena SWAN Charter); Wafa El-Adhami, SAGE Executive Director; Membership Audit Clunies Diversity Anna-Maria Arabia, Chief Executive, Academy of Science. & Risk Ross & Inclusion Fellow elected

Launch of the Decadal Plan Women and Entrepreneurship The Women in STEM Workshop in Chile Fellows by sector % of women WOMEN Decadal Plan was The Academy organised an Asia-Pacific Economic COMMITMENT IN STEM launched at Parliament Cooperation (APEC) Workshop on Women in House in Canberra The Academy will not support DECADAL Entrepreneurship in Santiago, Chile, on behalf nor participate in any national PLAN by the Minister for of the Australian Government. M M M M or international activities Industry, Science and where the organising body Technology, The Hon The workshop brought together leaders from 50% has no gender equity policy Karen Andrews MP. incubator and accelerator ecosystems across the or where women are not APEC economies to share best practice in programs reasonably and meaningfully The plan was developed aimed at women entrepreneurs and to develop represented among speakers by the Academy and panellists. recommendations for future policy across the of Technology and region regarding women in entrepreneurship. F F F F Engineering in partnership with the Academia Government Industry Research Academy of Science. It outlines six opportunities to strengthen gender Other diversity and inclusion activity and equity in STEM in Australia over the next 10 years, participation by the Academy’s policy including establishing a national evaluation team included: Board of Directors Assembly Forum Leadership OTHER DIVERSITY & INCLUSION framework to guide decision-making and drive ACTION BY THE ACADEMY > UN Equals — The Global Partnership for Gender investment and effort into STEM measures Equality in the Digital Age FELLOWSHIP TARGETS SET that work. A target of 50% of new Fellows to be > Gender Equity in Engineering with the World The Academy is contributing to the development of Federation of Engineering Organisations (WFEO) women has been set for 2025. a framework to help SMEs improve gender equity. MITIGATING UNCONSCIOUS BIAS The Decadal Plan is available on our website. Training was given to the Board, new Assembly members and staff. ACKNOWLEDGEMENT OF 60% 40% 36% 64% 41% 59% TRADITIONAL OWNERS Women Men Women Men Women Men Instigated at all formal Academy meetings and events.

10 11 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 LITERATE FUTURE WORKFORCE EQUIPPING A TECHNOLOGICALLY

STEM education Technological transformation MEETING with Federal CAREER PROFILE VIDEOS Education Minister to available on Australia’s discuss STEM teaching Science Channel, ABC iView is coming, whether we’re ready August 2018 and through STELR. or not. Our research has shown that Australia is headed towards a STEM skills shortage that risks undermining our future.

That’s why the Academy runs STELR (Science and Technology Education Leveraging Relevance) program. It uses hand-on, relevant learning to address the problem of low participation rates in STEM subjects at the upper secondary school level. In every Australian state and territory and in countries across the world, STELR is inspiring the next generation of scientists, technologists and engineers. The program now operates in schools in Indonesia, Singapore, the Philippines, Peru, the US, Canada and India. All schools that have chosen the Academy’s STELR STEM education kits from 2009-2019 have remained with the program. stelr.org.au

SUBMISSION WOMEN IN STEM NSW Curriculum Review Twenty career profiles November 2018 of Women in STEM and Entrepreneurship 87% 86% 75% 56 of teachers said they of students are more of students say they new schools were added in were more confident and engaged with STEM are more enthusiastic 2018-2019 to make a total skilled in inquiry based through STELR for learning science of 713 Australian schools learning STEM using STELR after STELR using the STELR program

This year saw STELR celebrate 10 years of partnership with its foundation sponsor Orica, which has made this life-changing work possible.

12 13 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 ENHANCING INDUSTRY & RESEARCHER ENGAGEMENT THROUGH MENTORING

imnis.org.au

IMNIS An important part of the Academy’s work is developing options to enable academics and researchers to form stronger links with industry.

Encouraging those links when researchers are still PhD candidates and early in their career is an important way to build such relationships. The Industry Mentoring Network in STEM (IMNIS) project is an Academy initiative which pairs PhD students with industry mentors. 86% In its third year, this high-impact initiative has grown to 324 mentoring partnerships, up from 204 in 2017-2018, and operates in all mainland states. of Mentees say they attained It is having impact. Some 95 per cent of mentees and 92 per cent knowledge or skills to assist of mentors report the overall mentoring experience to be “positive in engaging & collaborating and successful”. with industry And 86 per cent of mentees say they have attained knowledge or skills to assist in engaging and collaborating with industry.

IMNIS events are held in each major capital city. Some of the 2018-2019 events included: IMNIS Visionary Leadership IMNIS Engaging with Industry IMNIS STEM Careers in Industry IMNIS Leaders Forum IMNIS Mentee Videocon

2017–2018 2018–2019 407 642 PARTICIPANTS PARTICIPANTS

% % 204 324 95 92 MENTORING LOOPS MENTORING LOOPS MENTEES AGREE MENTORS AGREE The overall experience was “positive and successful”. The IMNIS program gains increased participation from industry mentors and PhD students year on year.

14 15 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 17

2018 – 2019 REVIEW ANNUAL

was held in August 2018 Changchun, China. China. 2018 Changchun, August held in was generate nominations (measured by unique (measured nominations generate page Academy website) on the YSEP the visits to primarily (measured YSEP the of awareness raise by impressions and video views) IMPACT and sixteen Australian researchers visited Chinavisited researchers Australian and sixteen Science-AAS- of Academy Chinese 2018 Symposium ATSE of The Miracle entitled The 2018 Symposium, Light O’Brien Carolyn and Dr Hugh Bradlow Professor Bradlow and Professor Academy, the represented are networks fibre a speech on whether gave necessary. really the Engineers from Delegation Kenya of Board from delegation a senior hosted Academy The Australia-China Young Scientists Young Australia-China (YSEP) Programme Exchange of exchange two-way an annual funds YSEP mid-career to and Chinese early Australian engineering, science, of the fields in researchers Chinese Sixteen and medicine. technology July 2018, in Australia visited researchers 2018. in November ran team Communications Academy’s The February, 18-20 Kenya, of Board the Engineers the establishment discuss to visiting who were a campaign on Twitter and LinkedIn to promote promote to and LinkedIn Twitter a campaign on May 2019. April and during YSEP to: The campaign aimed • • videos — six on seven The campaign focused reel and a highlights participants, YSEP former be particularly engaging. to — which proved a the campaign were of results The overall page; YSEP the to visits success: 1246 unique and Twitter across impressions 456,070 video views. LinkedIn and total 160,836 and Engineering Technology of Academy an of in Kenya.

Engineering a Better World — Sustainable World Engineering a Better and Years 100 The Next — World a Better the future included deep discussions on education. engineering of Connecting with Japan and collaboration engagement Academy’s The Australia the Japan included in peers with our to Approaches Japan Symposium: Innovative which Goals, Development the UN Sustainable 2018. held in Melbourne in December was represented Bradlow Professor 2018, In October Technology the 15th Science and at Academy the the Innovation and in Kyoto Forum (STS) in Society Tokyo. (ICEF) in Cool Earth Forum for Ideas know no borders. That’s why we organise organise we why That’s no borders. know Ideas bring that conferences and workshops exchanges, with experts and researchers Australian together beyond. Asia and across from counterparts CAETS Council of the International 2018 In September Technological Engineering and of Academies in held its annual Convocation Science (CAETS) time it has been the first Uruquay; Montevideo, in South America. Bradlow Hugh Professor President Academy Wenham Matt Dr Policy, Director, and Executive the which had the conference, attended theme . Systems and Forestry Agricultural of Development in the 2019 Convocation They also attended Engineeringtheme was The June in Stockholm. in Women Asia-Pacific Initiative Entrepreneurship Economic Asia-Pacific an organised Academy The in on Women Workshop (APEC) Cooperation in Santiago, on 6-8 May 2019, Entrepreneurship Government. Australian the of on behalf Chile, accelerator together brought The workshop economies. APEC the across from leaders for in programs practice They discussed best develop to and how entrepreneurs women women’s future for recommendations the region. policy across entrepreneurship themes included skills development, Key the and markets to access capital, to access women’s prevent that barriers of identification programs. in entrepreneurship full participation Global Connections CAETS June 2019 across 12 countries. across $961,536 Collaboration occurred occurred Collaboration International strategy International Published December 2018 Published December GLOBAL CONNECTIONS FUND CONNECTIONS GLOBAL International Council of Academies of of Academies Council of International and SMEs were awarded at a cost of a cost at awarded and SMEs were Academy President elected to Board of of Board to elected President Academy Engineering and Technological Sciences Technological Engineering and 21 Bridging Grants to promote early stage early stage promote to 21 Bridging Grants commercialisation for Australian researchers researchers Australian for commercialisation August 2018 ­August Seoul July 2018 EP Melbourne February 2019 Melbourne February May 2019 YS Chile: . Transport Optics. Changchun Optics. Australian Government Australian Joint Workshops & Meetings Workshops Joint Technology and Innovation Technology Engineering. China to Australia: July China to Australia: 2018 Australia to China: Nov 2018 China: Nov to Australia Contract renewed: Mar 2019 Mar renewed: Contract Exchange Programme (YSEP) Programme Exchange Standing invitee representing representing invitee Standing : Korea Next Step Initiative: May 2019 Initiative: Step Next Papua New Guinea: August 2018 August Guinea: New Papua Australia-China Young Scientists Young Australia-China China: APEC Policy Partnership on Science, on Science, Partnership Policy APEC : Kenya Sustainable Development. Melbourne December 2018 December Melbourne Development. Sustainable Chile: APEC Women in Entrepreneurship. Santiago May 19 Santiago Entrepreneurship. in Women APEC Chile: Japan: 2018 – 2019 REVIEW ANNUAL

CONNECTING GLOBALLY FOR THE BENEFIT OF AUSTRALIA 16 CHAMPIONING TECHNOLOGICAL SCIENCES, ENGINEERING & INNOVATION

Innovation and Excellence Awards

June 2019, Sydney Celebrating excellence Australia needs to celebrate its innovation

success stories. That’s why we champion The Hon Karen Andrews MP, Minister for Science, Industry and Technology (left) and Distinguished Professor Genevieve Bell FTSE speaking at the Academy’s Innovation and Excellence Awards event leaders who have shared their visions and in Sydney in June 2019. applied technology for the benefit of Australia.

We held our 2019 Innovation and Excellence Awards in Sydney in June. Distinguished Professor Genevieve Bell FTSE gave a phenomenal keynote address on how innovation changes lives. Minister for Industry, Science and Technology, Karen Andrews spoke about her experience as a woman engineer and presented the Clunies Ross Awards. The Batterham Medal, ICM Agrifoods Awards and inaugural Ezio Rizzardo Polymer Scholarship were also awarded.

CLUNIES ROSS AWARDS EZIO RIZZARDO POLYMER SCHOLARSHIP INNOVATION Naomi Paxton from QUT is researching better Professor Thorsten Trupke and Adjunct ways to 3D print body parts. The biocompatible Associate Professor Robert Bardos have polymer surgical implants can be specifically transformed the research, development and designed for individual patients and replicate Award winners and selectors. manufacturing of solar cells worldwide. a range of tissues, including bone. Ms Paxton Products based on their technology have is the inaugural winner of this award. been sold to almost all leading manufacturers in the global solar panel supply chain. ICM AGRIFOODS AWARDS Dr Lee Hickey from QAAFI at the University of ENTREPRENEUR OF THE YEAR Queensland has played a key role in applying Dr Jane Oppenheim’s scientific and business crop “speed breeding” technology to slash the leadership has created many jobs and improved time required to develop improved varieties of the lives of people with skin conditions. She is wheat, barley and chickpea for farmers. the Scientific and Operations Director of Ego Dr Lydia Ong from the University of Melbourne Pharmaceuticals, which makes science-based has developed a suite of microscopy capabilities products to help address conditions like skin to study the behaviour of food components such tear and eczema. as protein and fat on a molecular scale.

KNOWLEDGE COMMERCIALISATION BATTERHAM MEDAL Professor Anthony Weiss AM from the University Professor Michael Milford’s (QUT) pioneering of Sydney has developed synthetic skin to treat transdisciplinary research integrates biology, wounds and scars, leading to a multi-million- neuroscience, robotics, machine learning and dollar commercial deal. Innovative work with computer vision to create new technologies tropoelastin and elastin — the unique biological for autonomous vehicles and robotics. ingredients that give human tissue its elasticity — led to this breakthrough. Left to right: Professor Thorsten Trupke FTSE, Adjunct Professor Anthony Weiss AM FTSE. Associate Professor Robert Bardos and Dr Jane Oppenheim.

THANK YOU Thank you to our Platinum Sponsors: Macquarie and UNSW (Sydney). 18 ANNUAL REVIEW 2018 – 2019 NEW FELLOWS INDUCTION

Annual Oration &

New Fellows Induction 6

November 2018, Melbourne 2 28 ACADEMY ORATION Delivered by Catherine Tanna FTSE 22 Vital to our sustained expertise, Energy Australia NEW FELLOWS INDUCTION 8 quality of advice, effectiveness and The Academy’s official welcome to the 2018 new Fellows 19 ultimate impact is ensuring we elect 1 the best minds to the Academy.

20 The new Fellows for 2018 were: 25 Ms Catherine Tanna FTSE, 21 Managing Director of EnergyAustralia delivered the Academy’s 2018 1 Ms Leeanne Bond FTSE 15 Ms Sue MacLeman FTSE Annual Oration. 4 Non-Executive Director Chair and Non-Executive Director, Liquified Natural Gas Limited MTP Connect Limited 7 14 2 Professor Michael Brear FTSE 16 Professor Eric May FTSE Professor, University of Melbourne Professor, University of 15 Western Australia 3 Professor Attila BrungsFTSE Vice-Chancellor and President, 17 Professor Christopher Moran 11 3 University of Technology FTSE Deputy Vice-Chancellor and Vice- 4 Professor Mark Burry AO FTSE President (Research), Curtin University 17 Professor of Urban Futures and Director of the Smart Cities Research Institute, 18 Dr Sarah Pearson FTSE Swinburne University of Technology Chief Innovation Officer, Department of Foreign Affairs and Trade 5 Dr Alan Bye FTSE Vice-President Technology Strategy 19 Professor Andrew Peele FTSE & Innovation, BHP Director, Australian Synchrotron, 10 16 ANSTO 6 Professor Colin Andrew Campbell FTSE 20 Professor Fiona Stapleton FTSE Chief Executive Officer, Australian Centre Head, School of Optometry and Vision for International Agricultural Research Science, University of

7 Professor Wallace Cowling FTSE 21 Professor Chun Wang FTSE Professor, University of Western Australia Professor, University of New South Wales 5 Dr John Dixon FTSE Professor Phillip Watson FTSE 18 8 22 Principal Advisor, Australian Centre for Shell Chair in Offshore Engineering, International Agricultural Research University of Western Australia

9 Professor Annabelle Duncan 23 Professor Johanna Westbrook FPSM FTSE FTSE Vice-Chancellor, University of Director, Australian Institute of Health New England Innovation, Macquarie University 9 10 Dr Gordon Frazer FTSE FIEEE 24 Dr Dong Yang Wu FTSE Research Leader High Frequency Radar, Chief Aerospace Division, Defence 12 Defence Science and Technology Science and Technology

24 11 Professor Justin Gooding FAA FTSE 25 2018 HONORARY FELLOW ARC Australian Laureate Fellow, Ms Elizabeth Broderick AO FTSE University of New South Wales Principal, Elizabeth Broderick and Co 23 12 Professor Keith Hampson FTSE 26 Absent from this photo Chief Executive Officer, Australian Professor Genevieve Bell FTSE Sustainable Built Environment National Distinguished Professor, Australian Research Centre (SBEnrc) Curtin National University 13 University 27 2018 FOREIGN FELLOW 13 Professor Emily Hilder FTSE Ms Kiran Mazumdar-Shaw FTSE Director, Future Industries Institute, Chairperson and Managing Director, University of South Australia Biocon Limited (India)

14 Dr Anna Koltunow FAA FTSE 26 27 28 David Cook AO FTSE FRSN Team Leader, CSIRO Board member and Membership Committee Chair

21 ANNUAL REVIEW 2018 – 2019 OUR FELLOWS

Achievements

The work of our Fellows make the Academy stronger. We recognise and celebrate the many ways our Fellows contribute to Australia and the world. Here are some of the year’s highlights.

Hugh Bradlow The International Society Simon Poole and Michelle Simmons ORDER OF AUSTRALIA HONOURS The National Academy for Optics and Photonics Steven Frisken Quantum physicist Professor Vale of Engineering of Korea (SPIE) also announced Dr Simon Poole and Michelle Simmons AO Twenty-four of our Fellows and one Academy announced the appointment Distinguished Professor Dr Steven Frisken, along was appointed Honorary staff member were awarded Queen’s Birthday of our President Professor Gu as the 2019 recipient of with two other scientists, Patron of Mateship by the REMEMBERING OUR FELLOWS Hugh Bradlow as a Foreign the Dennis Gabor Award in were awarded the $250,000 Australian Embassy in the and Australia Day honours this year.

Member. Diffractive Optics. Prime Minister’s Prize for United States. Professor Michael Desmond Rickard died on 25 June 2019, aged 77. Innovation for creating and AUSTRALIA DAY 2019 Companion of the Order of Australia (AC) John Church David Hurley commercialising optical Greg Tegart Dr Robert Melville Hobbs died on Professor John Church Honorary Fellow General switch technology that Professor Greg Tegart AM Dr Elizabeth Dennis AC FAA FTSE 10 May 2019, aged 78. became the first Australian David Hurley AC DSC was underpins the global internet. was awarded the Professor Professor Peter Hoj AC FAA FTSE to be awarded the BBVA appointed Governor-General Robert Boucher Distinguished Emeritus Professor Richard Larkins AC FTSE Sir Arvi Parbo AC Kt died on 1 May 2019, Foundation Frontiers of Australia. Judy Raper Alumni Award by the aged 93. Knowledge Award in Professor Judy Raper AM University of Sheffield in the Officer of the Order of Australia (AO) Laureate Professor Scott William Sloan Climate Change. Chennupati Jagadish was named Australia’s top UK for more than six decades Professor Barney Glover AO FTSE AO died on 23 April 2019, aged 64. Professor Chennupati female engineer, winning the of scientific leadership. Professor Ross Large AO FTSE Bogdan Dlugogorski Jagadish AC won a UNESCO prestigious Ada Lovelace Dr Bernard Kenneth Bowen AM died Professor Bogdan Medal for contributions Medal for Outstanding Doreen Thomas Member of the Order of Australia (AM) on 19 March 2019, aged 88. Dlugogorski was elected to the development Woman Engineer. Professor Emeritus Doreen Dr James Harvey AM FTSE Mr Peter John North AM died on a Fellow of the Combustion of nanoscience and Thomas, a Board Director Dr Carrie Hillyard AM FTSE Institute, based in . Margaret Sheil and chair of the Academy’s 19 March 2019, aged 85. Dr Chris Pigram AM FTSE Pittsburgh, USA. The University of Melbourne Education Forum, was Professor Judy Raper AM FTSE Mr Courtney John Denton Williams AM Anna Lavelle named a new bio-medical inducted into the Victorian died on 7 March 2019, aged 95. Alan Finkel Dr Anna Lavelle received institute, the Margaret Honour Roll of Women on Professor Zhiguo Yuan AM FTSE Former Academy President the BioMelbourne Network Sheil Mass Spectrometry 8 March — International Dr Eric Raymond Vance died Dr Alan Finkel AO had his 2019 Women in Leadership laboratories, in honour of our Women’s Day. QUEEN’S BIRTHDAY 2019 on 7 March 2019, aged 76. term as Chief Scientist Award — Impact for Industry. Fellow and Australia’s first Companion of the Order of Australia (AC) died extended until the end The award recognises her female chemistry professor, Brian Walker Professor David Burke AC FAA FTSE Professor Andrew Potts on 6 March 2019, aged 59. of 2020. many years of contributions Margaret Sheil AO. Dr Brian Walker received Emeritus Professor Maree Smith AC FTSE to biotechnology, medical Japan’s Blue Planet Prize in Sir Rupert Myers KBE AO FAA died Bronwyn Fox technology and the Murray Scott recognition of his lifelong Officer of the Order of Australia (AO) on 21 February 2019, aged 98. Professor Bronwyn Fox was pharmaceuticals sector. Professor Murray Scott career pioneering “resilience Professor Calum Drummond AO FTSE awarded the 2018 GCMM is the 2019 winner of science”. It is awarded to Mr Dale Elphinstone AO FTSE Mr John Hooke CBE died on 28 October 2018, aged 85. Research Leadership Award Ramesh Mashelkar the prestigious biennial outstanding individuals or Ms Kathryn Fagg AO FTSE at the 14th Global Congress For his seminal research Lawrence Hargrave Award, organisations whose work Ms Susan Murphy AO FTSE Mr Murray Jackson died on on Manufacturing and on smart polymer gels, honouring an Australian contributes to the global Professor Michelle Simmons AO FAA FTSE 9 September 2018, aged 75. Management. Indian polymer scientist who has made a significant environment. Dr Mashelkar won the contribution to Australian Dr Angus McEwan died on Member of the Order of Australia (AM) Min Gu 2018 Lenovo Science Prize aviation. 5 September 2018, aged 81. Distinguished Professor Min from The World Academy Distinguished Professor Shi Xue Dou AM FTSE Gu was appointed Executive of Science. Kadambot Siddique Ms Katherine Hirschfeld AM FTSE Emeritus Professor Leonard Kelman Chancellor of the University Professor Kadambot Dr Ian MacLeod AM FTSE Stevens AM died on 17 August 2018, Council at University of Tanya Monro Siddique AM received Dr Mark Toner AM FTSE aged 93 Dr Peter Tyree AM FTSE Shanghai for Science and Professor Tanya Monro an Excellence Award for Dr Owen Denmead AO died Technology (USST). USST also was appointed Australia’s Community Service from Professor Yi-Min Xie AM FTSE on 3 July 2018, aged 85. named him Distinguished Chief Defence Scientist, the World Malayalee Council. Dr Marguerite Evans-Galea AM Professor for Future Optics becoming the first woman It honoured his agricultural (IMNIS Executive Director) in the School of Optical- to hold the role. work in the southern Indian Electrical and Computer state of Kerala after recent Medal of the Order of Australia (OAM) Engineering. flooding. Professor Siddique Mr Ernest Frederick Dawes OBE OAM also became the first Australian ever elected to the African Academy of Sciences.

22 23 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 STRENGTHENING ENGAGEMENT WITH OUR FELLOWSHIP

Division activity Impact The Academy’s state and territory Divisions play a To fully harness the expertise of our PODCASTS & VIDEOS valuable role – bringing together Fellows to exchange In 2018-2019 the Academy’s podcast library Fellows, the Academy needs to be grew rapidly, featuring conversations with ideas and promoting policy positions to governments. Fellows and Clunies Ross Award winners. recognised as a trusted source of In total, 18 podcasts were produced during the year, and were listened to 1811 times. Divisions also act as a space where ideas emerging from the Academy’s policy advice. That’s why we communicate Topics included: forums can be debated and assessed. Activities included the following: War on waste: here comes microrecycling with policy-makers, industry and the Shooting for the stars: introducing the ACT QUEENSLAND A guest lecture on the potential More than 200 people attended The Division held regular forums, STEM-connected public to build our From folklore remedy to skin cancer treatment of hydrogen usage and a further a presentation on the future of including one with the Victorian Nano-engineering and entrepreneurship: lecture on the efficacy and cyberwarfare, organised by the Chief Engineer and another with profile and strengthen our relationships. a winning combo regulation of “alternative medicines”. Division in collaboration with the Victoria’s Lead Scientist. University of Queensland. The public lecture, held at the university’s Topics included “The Engaged The Academy also produced short videos University of the Future: Where MEDIA MENTIONS NEW SOUTH WALES Customs House, was delivered as entry points to our website for more in- by the Australian Defence Force’s Technology Meets Humanity”, depth reading and background information. A luncheon series of talks that Academy policy initiatives, reports and statements garnered Head of Information Warfare Major “Bioinspired Hydrodynamic Uploads in 2018-2019 included: included topics such as “How are Solutions/Sustaining Mining” and 542 media mentions over the course of the year. General Marcus Thompson AM. Synthetic skin changing lives around the world health information technologies “Warracknabeal to Svalbard: The Topics included the Academy’s Transport report, the risks and changing the nature and outcomes The Division also organised a forum Future of Broad Acre Agriculture”. benefits of the My Health system, the first cohort of SAGE Athena Australia-China Young Scientists Exchange of health care?”, “Opal Towers: The on “From ‘Corporate’ to ‘Chaos’: My SWAN Bronze Award winners, the 2018 new Fellows and the 2019 Programme highlights tip of the iceberg? What should be Journey in Start-ups”, as well as a Clunies Ross Award winners. Skin care based on science creates jobs done now?” and “Doing business lunchtime seminar on innovation. WESTERN AUSTRALIA in Australia – battling political and The transport report was cited by Mark Butler, the Shadow Minister Shifting gears — Preparing for a Transport technical disruptors. (Is it worth The Division announced Professor for Climate Change, whose comments were reported in The Australian Revolution Jessica Meeuwig, Director of the the effort?)”. SOUTH AUSTRALIA (print and digital) and The Guardian (online). National coverage ranged Better Crops — it’s all in the breeding Centre for Marine Futures at the from ABC and Macquarie Radio to Sky TV, from The Sydney Morning The Division held the annual The Division put a major focus on University of Western Australia, Herald and the Financial Review to a front All our podcasts are available on Malcolm Chaikin Oration, on engaging with state politicians. as its Eminent Speaker for 2019. page story in Adelaide’s The Advertiser. “Innovation”, delivered by Catherine Fellows participated in the Science our website and on SoundCloud. Livingstone AO FAA FTSE. Meets Parliament event, which was The role recognises a Western On Twitter, the Academy more than doubled its following from Our videos are also available on attended by nine MPs, including Australian scientist whose research 1242 to 2653, reaching 2.1 million users with its content. our website and on YouTube. The Division organised two the Minister for Primary Industries is having significant economic or symposia: one on health – and Regional Development, Tim environmental impact and who is On LinkedIn, the Academy saw similar growth, with the number “Genomics & Big Data”, and the Whetstone, and the Deputy Leader an outstanding communicator — of followers climbing from 734 to 1461. other on energy – “Energy Markets: of the Opposition, Dr Susan Close. able to share the excitement and CONNECT WITH US The Consumer Perspective”. impact of research and development ATSE The Division also held meetings with based in WA. In addition, the Division participated three Ministers in the new state Website atse.org.au alongside other Learned Academies government, the Chief of Staff of the The announcement and Professor In 2018-2019 we doubled our Twitter @ATSE_Au and the Royal Society of NSW in Leader of the Opposition, Leaders Meeuwig’s public lectures generated LinkedIn Academy of Technology a forum at Government House, of the Greens and Advance SA media coverage. social media followers and and Engineering entitled “Towards a Prosperous yet parties, some local back-benchers SoundCloud Academy of Technology Sustainable Australia — What now as well as the science adviser of a and Engineering for the Lucky Country?”. SA representative of the Federally- reached more than 2.1 million YouTube Australian Academy of based Centre Alliance. Technology and Engineering South Australian Minister for State users with our content. IMNIS Development and Skills, David Website imnis.org.au Pisoni, addressed Fellows and Twitter @_IMNIS friends at the Division’s Annual Facebook @1MNIS Meeting and dinner. STELR Website stelr.org.au DIVISION EVENTS Facebook @STELRproject 26 events held across all Twitter @STELRproject Divisions in 2018-2019 YouTube STELRproject STELR videos can also be found on Australia’s Science Channel.

24 ANNUAL REVIEW 2018 – 2019 A 21ST CENTURY LEARNED ACADEMY

Key people

The Academy is led by the Board, which is responsible for strategy and governance.

The Board establishes two primary sets of committees to ensure engagement of the Fellows, to enhance the experience of Fellowship and to maximise Fellows’ input to Academy activities.

DIVISIONS Geographic-based groups of Fellows liaise with state and territory governments, create a social network, and a continuing education experience for the Fellowship. Some of the Academy staff pictured at the Academy Oration and New Fellows Induction event in Melbourne November 2018. Left to right: Penny Stoyles, Dr David Glanz, Dr Emily Finch, Bianca Le, Dominic Banfield, Dr Irene Kourtis, FORUMS AND WORKING GROUPS Dr Fern Beavis, Elvira Copur, Amelia Dean, Robyn Lawford, Sara Madderson and Dr Margaret Hartley FTSE. Expertise-based groups of Fellows determined by common knowledge areas, professional interest and the Academy’s areas of focus. ACADEMY STAFF EXECUTIVE THE BOARD Chief Executive Officer Dr Margaret Hartley FTSE President Professor Hugh Bradlow Executive Director, Policy Dr Matt Wenham Vice-President Financial Sustainability Professor Kaye Basford Executive Director, Corporate Strategy and Innovation Dr Irene Kourtis Vice-President Membership Dr David Cook AO Vice-President Diversity Dr Bruce Godfrey Chief Executive Officer Dr Margaret Hartley SENIOR LEADERSHIP Director Dr Rosalind Dubs Executive Manager, Academy Schools Program Peter Pentland Director Dr Carrie Hillyard IMNIS Executive Director Dr Marguerite Galea-Evans AM Director Professor Iven Mareels Executive Director, Events & Operations Sue Wickham (to July 2018) Director Professor Karen Reynolds Senior Communications Manager Dr David Glanz Director Dr Richard Sheldrake AM Director Professor Doreen Thomas OPERATIONS, POLICY AND PROGRAMS TEAM International Innovation Programs Manager Dr Mark Bradley DIVISIONAL CHAIRS Senior International Relations Associate Dr Carolyn O’Brien ACT Dr Joanne Daly Senior Coordinator, Membership and Awards Elvira Copur NSW Professor Anne Green Events Coordinator and Division Support Officer Amelia Dean QLD Professor Mike Hood Governance Secretary Sara Madderson SA Mr Michael Heard Finance Officer Maria Pridham TAS Professor Jim Reid STELR Program Manager Pennie Stoyles VIC Dr Alexander Gosling Communications Officer Anthea Batsakis (to Mar 2019) WA Professor Dongke Zhang Communications Officer Ben Hickey Communications Manager (SAGE) Deborah Sippitts FORUM CHAIRS Digital Coordinator Andrew Griffiths (to May 2019) Agriculture Professor Edward (Snow) Barlow Principal Policy Analyst Alix Ziebell Education Professor Doreen Thomas Policy Analyst Dominic Banfield (to Jan 2019) Energy Dr John Söderbaum Policy Analyst Dr Fern Beavis Digital Futures Professor Michael Miller and Professor Glenn Wightwick Policy Analyst Dr Emily Finch (to Jul 2019) Health Technology Professor Karen Reynolds Policy Analyst Riajeet Kaur Industry & Innovation Dr Erol Harvey Policy Analyst Dr Michelle Low Infrastructure Professor Graham Currie Policy Support Officer Robyn Lawford Mineral Resources Ms Denise Goldsworthy Data Integrity Officer Nivedita Seewoosunkar (to Dec 2018) Water Dr Robert Vertessy Project Administration Officer Amy Kuivalainen International Mentoring Officer (IMNIS) Sarah Hayward STEM Policy Graduate Intern Bianca Le (to Dec 2018) All as of 30 June 2019. Full biographies of the Board Members are available at atse.org.au Operations and Administration Charlee Woodham (to May 2019)

26 27 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 The Academy at work 2018-2019

The President, Professor Hugh Bradlow FTSE, and Executive Director, Policy, Organised by the NSW Division, the Energy Symposium Energy Markets Dr Margaret Hartley FTSE, CEO, speaking at the Innovation Matt Wenham attended the 2019 CAETS Convocation in Stockholm, Sweden — The Consumer Perspective was chaired by George Maltabarow FTSE. and Excellence Awards in Sydney in June 2019.

Dr Margaret Hartley FTSE, CEO; Professor Hugh Bradlow FTSE, President; Drew Clarke, co-chair of the Industry Technology Readiness Project Steering Cybersecurity Forum held by the Queensland Division Chief Scientist of South Australia, Professor Caroline McMillen The Hon Paul Fletcher MP, Minister for Urban Infrastructure; and Dr Matt Wenham, Committee, speaking at the launch of the Shifting Gears report at a CEDA event. at the University of Queensland. speaking at an IMNIS event STEM careers in Industry (SA). Executive Director, Policy, during the Minister’s visit to the Academy.

Margaret Hartley FTSE, CEO (right) with Dr Megan Clarke FTSE, Head of the The ballroom of the Sydney Sofitel Wentworth on the night of the Innovation industry leaders, researchers, entrepreneurs and government representatives Teacher Sarah Edwards was taught using STELR equipment and was inspired Australian Space Agency who visited the Academy to record a podcast. and Excellence Awards in June 2019. The room was full of Fellows, academics, celebrating excellence in science, technology and engineering. to become a science teacher to pass on her love of STEM onto others.

The Academy hosted a delegation from the Engineers Board of Kenya to discuss The NSW Division hosted the Health Symposium Big Data YSEP orientation session Melbourne with Dr Carolyn O’Brien, Senior Executive Director, Policy, Matt Wenham moderating an APEC the establishment of a Kenyan Academy of Technology and Engineering. and Genomics: The Future of Healthcare. International Relations Associate, and Professor Murray Scott FTSE. Workshop: Women in Entrepreneurship in Santiago, Chile. FINANCIAL POSITION Financial Summary Statement of financial position as at 30 June 2019 2019 2018 $ $ FOR THE YEAR ENDED 30 JUNE 2019 Operating Result The operating result for the Academy showed Principal Objectives a total revenue of $6,581,968. ASSETS The long term objective of the Academy is to promote Current assets The major source of income was government grants in Australia the application of scientific and engineering Cash and cash equivalents 3,569,614 4,405,538 knowledge to practical purposes. The activities of the and contracts accounting for 51.1 per cent of revenue Academy during the financial year were directed and sponsorship at 7.9 per cent up from Trade and other receivables 519,655 297,972 towards our key strategy of enhancing Australia’s 6.6 per cent in the previous year. Financial assets 1,823,265 1,354,027 prosperity through technical innovation. There was an operational surplus for the year of Other assets 95,822 122,802 In particular, the Academy: $328,608 (compared to a deficit position of –$135,937 Total current assets 6,008,356 6,180,339 in the previous year). The realised net fair value gain • provided evidence-based advice on a range on available-for-sale financial assets was $504,160 Non-current assets of technology and innovation policy issues to (compared with $87,148 in 2017-18). Financial assets 6,234,941 5,622,662 governments, industry and the community The total comprehensive income for the year was Plant and equipment 358,551 447,245 • provided a forum for debate and policy $832,768 (compared with a deficit of –$48,787 for Intangible assets 30,747 61,651 formulation on important national issues the previous year). Total non-current assets 6,624,239 6,131,558 • undertook projects on matters of major The financial position remains strong with total current national significance assets of $6,008,356 and total liabilities of $3,588,850. TOTAL ASSETS 12,632,595 12,311,897 • fostered and recognised excellence in The asset to current liability ratio was 1.67 (a healthy technological sciences and engineering financial position is reflected in a ratio greater than 1.0). • used its international linkages to provide LIABILITIES access to expertise from around the world Current liabilities • conducted a program in 713 Australian secondary Trade and other payables 351,738 241,586 schools to promote the relevance of science and Income in advance 2,965,890 3,612,650 technology and a more scientifically literate society. Provisions 257,300 236,460 Total current liabilities 3,574,928 4,090,696 PROFIT & LOSS STATEMENT Non-current liabilities Provisions 13,922 10,223 Statement of profit or loss and other comprehensive income for the year ended 30 June 2019 Total non-current liabilities 13,922 10,223

TOTAL LIABILITIES 3,588,850 4,100,919 2019 2018 $ $

NET ASSETS 9,043,745 8,210,978 REVENUE 6,581,968 6,743,777

EQUITY EXPENSES Reserves 1,381,247 384,301 Learned Fund (2,207,998) (2,186,063) Retained surplus 7,662,498 7,826,677 Corpus (Endowment) Fund (575,394) (587,362) Technical Projects (993,678) (632,997) International Science and Technology (1,664,680) (2,275,755) TOTAL EQUITY 9,043,745 8,210,978 STELR (720,948) (1,111,704) Awards (90,662) (85,833) (6,253,360) (6,879,714)

GAIN / (LOSS) FOR THE YEAR 328,608 (135,937) Donations The Academy acknowledges donations from the following Fellows, individuals and philanthropic organisations: OTHER COMPREHENSIVE INCOME Dr Oliver Mayo FAA FTSE Professor Chennupati Jagadish FAA FTSE Fair value gains on financial assets at fair value 504,160 87,148 Mr Richard Carter AM FTSE ASCA Donation through other comprehensive income Mr John Gunn FTSE Dr Sydney Richards FTSE Other comprehensive income for the year 504,160 87,148 Mr John Ralph AC FAA FTSE Dr Geoffrey Knights AM FTSE Ms Stephanie Ashworth Percy Baxter Charitable Trust TOTAL COMPREHENSIVE INCOME / (LOSS) FOR THE YEAR 832,768 (48,787) Mr Warwick H Bisley FTSE Mr John Laurie AC FTSE Dr Doreen Clark AM FTSE Dr Carrie Hillyard FTSE The James N Kirby Foundation Ltd

30 31 ANNUAL REVIEW 2018 – 2019 ANNUAL REVIEW 2018 – 2019 The Australian Academy of Technology and Engineering operates as a Learned Academy of independent, non-political experts helping Australians understand and use technology to solve complex problems.

Bringing together Australia’s leading thinkers in applied science, technology and engineering the Academy provides impartial, practical and evidence-based advice on how to achieve sustainable solutions and advance prosperity.

Level 6, 436 St Kilda Rd Melbourne VIC 3004 Australia GPO BOX 4055 Melbourne VIC 3001 Australia T +61 3 9864 0900 E [email protected] atse.org.au