Financing aged care in Australia: Mitigating fiscal gaps and maintaining intergenerational equity. Aged care has been identified as a significant contributor to the growing fiscal problems predicted for Australian government finances during the next 10 to 20 years. This project will develop the cutting-edge modelling tools needed to allow Australia to make informed decisions about possible reforms in aged care financing. It will create significant national benefits by allowing detailed assessmen ....Financing aged care in Australia: Mitigating fiscal gaps and maintaining intergenerational equity. Aged care has been identified as a significant contributor to the growing fiscal problems predicted for Australian government finances during the next 10 to 20 years. This project will develop the cutting-edge modelling tools needed to allow Australia to make informed decisions about possible reforms in aged care financing. It will create significant national benefits by allowing detailed assessment of the distributional impact of a wide range of possible reforms, including how the outcomes of any policy change will affect disadvantaged sections of our society, whether different generations will be fairly treated, and the impact by gender.Read moreRead less
Expenditure needs and drawdown of retirement savings during later life: how important are demographic factors and financial resources? Projections of expenditure patterns in retirement which allow for population heterogeneity will provide individuals with a better appreciation of their income needs and their savings requirements for a comfortable retirement. It will also enable financial institutions to develop products which better target retirees' needs over the course of retirement, and in ad ....Expenditure needs and drawdown of retirement savings during later life: how important are demographic factors and financial resources? Projections of expenditure patterns in retirement which allow for population heterogeneity will provide individuals with a better appreciation of their income needs and their savings requirements for a comfortable retirement. It will also enable financial institutions to develop products which better target retirees' needs over the course of retirement, and in addition it will enable improved assessment of aspects of Government income support policy. Specifically, understanding the complex interactions between private and public pensions, and concession card receipt upon expenditure behaviour, will enable more accurate costings of the public support of elderly families as Australia's population ages. Read moreRead less
Modelling interactions of spray droplets with plants. This project addresses the National Research Priority of an environmentally sustainable Australia by developing sophisticated mathematical models and interactive software that will identify environmentally friendlier technologies to efficiently deliver agrichemicals while minimising large scale water usage. National benefits will accrue from the provision for postdoctoral, PhD and IT staff training, while direct links with industry will provi ....Modelling interactions of spray droplets with plants. This project addresses the National Research Priority of an environmentally sustainable Australia by developing sophisticated mathematical models and interactive software that will identify environmentally friendlier technologies to efficiently deliver agrichemicals while minimising large scale water usage. National benefits will accrue from the provision for postdoctoral, PhD and IT staff training, while direct links with industry will provide technology transfer to end-users to ensure community uptake. The project will benefit rural and regional communities by providing long-term solutions in the areas of water use and quality, pesticide pollution reduction, and improved environment and human health care.Read moreRead less