Friday, October 26, 2012

funding cuts

And the funding cuts continue. After cutting the LAFHA tax benefits for everybody on the same visa class as me since this month, the Australian government announced another great money cut just a few days ago. This time it's the universities turn to tighten the belt.
There were rumors about this since quite a while and a lot of the research staff on grant funded positions were really worried, that maybe the number of research grants or the money attached to them will get reduced.
But luckily this doesn't seem to be the case and everybody who applied for funding this year is still in the game. However, there will still be a cut of 500 million$ over the next 4 years. This money is not directly attached to grants, but used by the universities to cover the indirect costs of research. Distributed over the roughly 40 universities in Australia, this is a huge cut for all of them. The first "victims" of these cut have already been announced. I'm not sure if more big projects like that will be affected or if the cuts will be distributed "downwards" to the individual researchers, but one thing is certain: it's interesting times!

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