Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting frame ....Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.Read moreRead less
Energy governance and climate change: towards a low carbon economy. This project aims to lay bare the architecture of energy governance, globally and nationally, in order to understand how such governance might best facilitate an ‘energy revolution’. It will provide an empirically grounded understanding of existing governance mechanisms and their limitations; identify the key obstacles to more effective governance and explore how they might be overcome; identify the governance mechanisms to best ....Energy governance and climate change: towards a low carbon economy. This project aims to lay bare the architecture of energy governance, globally and nationally, in order to understand how such governance might best facilitate an ‘energy revolution’. It will provide an empirically grounded understanding of existing governance mechanisms and their limitations; identify the key obstacles to more effective governance and explore how they might be overcome; identify the governance mechanisms to best achieve a transition to a low-carbon economy; and, develop design principles to support the creation of global and national energy regimes capable of achieving that transition and in such a way as to efficiently mitigate climate change and encourage energy innovation.Read moreRead less
Young children in digital society: An Online Tool for service provision . This project aims to identify the practices enacted and shared amongst young children, their families and educators in digital society.The project is significant because in digital society families and educators face new demands ensuring technologies are used in the best interests of young children. Knowledge about practices in digital society informs adult decision-making using technologies with, by and for young children ....Young children in digital society: An Online Tool for service provision . This project aims to identify the practices enacted and shared amongst young children, their families and educators in digital society.The project is significant because in digital society families and educators face new demands ensuring technologies are used in the best interests of young children. Knowledge about practices in digital society informs adult decision-making using technologies with, by and for young children in the early years. The outcome is a new Online Tool for the Partner Organisations to share exemplar practices benefiting Australian children, their families and educators with new resources, materials and programs in areas including: digital media production, cyber-safety education, digital play and digital parenting.
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Seasonal adjustment using disaggregated short time span data. Seasonally adjusted economic and social times series are vital information used by governments and businesses in decision making. This project will develop statistical methods to estimate and remove seasonal factors from economic and social time series using finely disaggregated data for a relatively small number of time periods. This will enable better and quicker estimation of seasonal factors when new series are introduced or there ....Seasonal adjustment using disaggregated short time span data. Seasonally adjusted economic and social times series are vital information used by governments and businesses in decision making. This project will develop statistical methods to estimate and remove seasonal factors from economic and social time series using finely disaggregated data for a relatively small number of time periods. This will enable better and quicker estimation of seasonal factors when new series are introduced or there a major changes to existing series, improving the analysis of such series and the decisions based on them.Read moreRead less
The formation of stars and planets. This project will identify the mechanisms that create stars and planets, providing a sound basis for studying the birth of planetary systems with next-generation telescopes. It will maintain Australia's position at the forefront of astronomy and the advanced computational methods we shall develop will have applications in many other fields.
Regulating the Climate Finance Revolution. This project aims to identify how financial market regulators might best incentivise financial institutions to shift from high to low carbon investments, thereby mitigating climate change. It expects to generate new knowledge identifying regulatory excellence in previously uncharted territory and to enable best practice policymaking. Its expected outcomes will be to identify the central roles that the design and implementation of regulation can play in ....Regulating the Climate Finance Revolution. This project aims to identify how financial market regulators might best incentivise financial institutions to shift from high to low carbon investments, thereby mitigating climate change. It expects to generate new knowledge identifying regulatory excellence in previously uncharted territory and to enable best practice policymaking. Its expected outcomes will be to identify the central roles that the design and implementation of regulation can play in fast tracking finance for climate action. Its benefits should include advancing climate change mitigation, facilitating the development of Australia as a competitive sustainable finance market and contributing to Australia’s research on achieving a desirable energy future. Read moreRead less
Problems of identification and inference for 'non-standard' models in complex systems with special reference to finance and teletraffic. The project is concerned with 'non-standard' models needed to deal with complex systems, such as those exhibiting scaling and fractal properties. There is a focus on methods for dealing with heavy tailed distributions and long range dependent observations, for which most standard statistical methods break down, and on applications in finance and telecommunicati ....Problems of identification and inference for 'non-standard' models in complex systems with special reference to finance and teletraffic. The project is concerned with 'non-standard' models needed to deal with complex systems, such as those exhibiting scaling and fractal properties. There is a focus on methods for dealing with heavy tailed distributions and long range dependent observations, for which most standard statistical methods break down, and on applications in finance and telecommunications. An important part of the project concerns model validation for Heyde's fractal activity time geometric Brownian motion model, a candidate minimal description risky asset model to replace the geometric Brownian motion paradigm.Read moreRead less
A new rheological model for Australia to improve seismic hazard estimates and study the region's recent tectonic history and landform evolution. Australia is currently being squeezed between three active mountain belts, the Himalayas, the Papua New Guinea Highlands and the Southern Alps in New Zealand. We propose to integrate a large number of geological and geophysical databases that have been collected over the past few decades to develop a three-dimensional rheological model of the Australian ....A new rheological model for Australia to improve seismic hazard estimates and study the region's recent tectonic history and landform evolution. Australia is currently being squeezed between three active mountain belts, the Himalayas, the Papua New Guinea Highlands and the Southern Alps in New Zealand. We propose to integrate a large number of geological and geophysical databases that have been collected over the past few decades to develop a three-dimensional rheological model of the Australian continent, that is a model that predicts where and how Australia is deforming today. Combined with new, targeted field work, this model will be used to predict where earthquakes are likely to take place but also to study how our old continent is affected by these active mountain belts to create the present-day landscapes in which we live.Read moreRead less
Experimental Demonstrations of New Theorems of Nonequilibrium Thermodynamics. In the last decade, two theorems have been proposed to revolutionise the field of thermodynamics. These theorems lift the restriction of the thermodynamic limit, allowing thermodynamic concepts to be applied to small systems such as nanomachines, and characterise systems that may be far-from-equilibrium. These theorems are at odds with a traditional understanding of 19th century thermodynamics where equilibrium is cent ....Experimental Demonstrations of New Theorems of Nonequilibrium Thermodynamics. In the last decade, two theorems have been proposed to revolutionise the field of thermodynamics. These theorems lift the restriction of the thermodynamic limit, allowing thermodynamic concepts to be applied to small systems such as nanomachines, and characterise systems that may be far-from-equilibrium. These theorems are at odds with a traditional understanding of 19th century thermodynamics where equilibrium is central and the Second Law inviolate. However they are critical to the application of thermodynamic concepts to modern systems of the 21st century. Using Optical Tweezers, we will experimentally demonstrate these theorems, present irrefutable evidence of their validity, and demonstrate their application in modern systems.Read moreRead less
Experimental Demonstrations of Violations of the Second Law of Thermodynamics. Inventors and engineers strive to scale-down machines, devices and engines to nanometre sizes for a range of technological purposes and scientists investigate protein motors to understand their operation in hopes of modifying their biological behaviour. However, according to a new theorem in Non-equilibrium Statistical Mechanics, there is a fundamental limit to this scaling-down of engines: such nanomachines, includi ....Experimental Demonstrations of Violations of the Second Law of Thermodynamics. Inventors and engineers strive to scale-down machines, devices and engines to nanometre sizes for a range of technological purposes and scientists investigate protein motors to understand their operation in hopes of modifying their biological behaviour. However, according to a new theorem in Non-equilibrium Statistical Mechanics, there is a fundamental limit to this scaling-down of engines: such nanomachines, including protein motors, will run in "reverse" for appreciable amounts of time and in violation of the Second Law of Thermodynamics. We propose to demonstrate this inescapable, operational limit in nanotechnology with experiments using an Optical Tweezers apparatus.Read moreRead less