Galt Global Review

QFS 360

June 8, 2005
business digest


Australian Roundup

By Faye Mallett

headlines:
The Aussie Space Plan
Waste may prove profitable for SA Farmers
Government proposes to classify universities


The Aussie space plan
Entrepreneur Richard Branson wants to bring his "Virgin Galactic" spaceships to Australia and says he has already had approaches from several state governments. A US base is expected to be training 3000 astronauts for the $US190,000 sub-orbital flights in as little as three years.

Branson’s Virgin Group has entered into a deal with US space aviation pioneer Burt Rutan and Paul Allen, the co-founder of Microsoft, to develop affordable space tourism.

Mr Rutan's SpaceShipOne won the $US10million Ansari X-Prize last October. The prize was created in 1996 to encourage civilian space flight.

Branson said in Sydney that the plan was to build sufficient spaceships to allow the establishment of separate bases around the world.

The British entrepreneur said the space flights would be a great spectacle and attract wealthy individuals. In time, he hoped to bring down the price of space travel to make it more affordable.

“I think Australia would be a place where it would be wonderful to set up a space station and offer space travel from.”

Waste may prove profitable for SA farmers
A new South Australian research project aims to teach farmers how to make money from their waste. The $4.5 million project is being launched by the SA Government and the Environmental Biotechnology Cooperative Research Centre.

Research centre director Dr David Garman says farmers will be able to make use of the latest biotechnology to boost their profits.

He says farm waste can be made into almost anything, from fish food and plastic bags to bio-fuel.

"The left-over straw, left-over waste from his livestock and he would also be using bits of green crops which hadn't been used elsewhere," he said.

"So virtually the products which have low value and [are] regarded by some people as waste, start to become recycled."

Government proposes to classify universities
Proproasl by the federal Government to classify Australia's universities into three teaching and research categories would marginalise some institutions and lead to complacency in others, says Deakin University vice-chancellor Sally Walker.

Professor Walker, who says Deakin is one of the nation's fastest growing research universities, told the HES she was "gravely concerned" that the research quality framework would stifle the sector and undermine competition.

She said government proposals to classify universities as research intensive, teaching and research or teaching only would also downgrade the reputation of teaching.

Professor Walker said while she did not believe Deakin would be pushed into a teaching-only category, she thought it was likely that the university would be placed in the teaching and research category.

"What would happen is that any academic would want to be in a research intensive university," she said. "So we, and [other] universities that were classified as research and teaching, would have to try harder to attract and retain staff.

She said rather than rigid classifications, the Government should offer performance-based funding.

"Performance-based funding that is competitively available would, because of its significance, create differentiation and be attached to the distinctive missions of the university. That would create real diversity as opposed to this artificially imposed diversity."