Each greenback spent on regulatory compliance is a greenback not spent on analysis, so we must be cautious of rising pink tape that dangers making it tougher for universities and business to collaborate.
Science & Expertise Australia commends the dedication by the Division of Residence Affairs to co-design guidelines with the research sector on protecting critical infrastructure.
In its submission to the Review of the Security Legislation Amendment (Critical Infrastructure) Bill, STA is happy to see the clear dedication to co-development.
However this co-development ought to deal with figuring out potential dangers not already lined by the excellent suite of rules already in place for Australia’s universities, researchers, and scientists.
“That dedication to co-design pointers with the operators of important infrastructure is to be recommended,” stated Science & Expertise Australia Chief Govt Officer Misha Schubert.
“Proactive administration of dangers is essential, however we even have rising issues that regulatory prices are mounting for Australia’s universities and business companions.”
“Getting that steadiness proper is important, as a result of each greenback spent at universities on compliance with regulatory obligations is a greenback not spent on our world-leading analysis.”
“That’s cash that’s not going into turning our globally-recognised science and know-how in merchandise, service, and jobs. It’s assets and human capital that’s not getting used to generate employment, increase nationwide productiveness, and assist drive the post-COVID financial restoration.”
Universities and analysis institutes aren’t the one ones who will really feel the pinch from new regulatory compliance measures.
“Added compliance will improve prices for business companions who use the nation’s analysis infrastructure, at a time when the Authorities, enterprise and universities all need collaboration to be as barrier-free and agile as doable,” Ms Schubert stated.
“If we wish to drive higher collaboration to strengthen and diversify our financial system, we’ve got to ensure we don’t inadvertently apply the handbrake.”
In its submission, STA has urged the Authorities to evaluation the price of new regulatory burdens as soon as the sector-specific guidelines have been co-designed, and supply monetary help to universities to help this price.
“Offering devoted compliance funding help to publicly-funded universities would guarantee extra funding is spent on analysis fairly than pink tape,” Ms Schubert stated.
Learn our submission to the Review of the Security Legislation Amendment (Critical Infrastructure) Bill here.