A new not for profit charity, the Australian Plant Biosecurity Science Foundation (APBSF), was established to follow the Plant Biosecurity Cooperative Research Centre (PBCRC) which finished operations in June 2018. The intent of the Foundation is to support plant biosecurity research, development, extension and capacity building, particularly focused where there is a need for investment in cross-sectoral, strategic, capacity building, international linkages, non-levy payer research and environmental plant biosecurity.
Establishment of the Foundation was supported with unspent funds from PBCRC. The Foundation will also invest in commercial IP developed by PBCRC from which it is hoped, in the long term, that a return may be realised. Should a revenue stream be derived from IP, the Foundation will manage and invest those funds in plant biosecurity science.
The Foundation is a Company limited by Guarantee, ACNC registered with the structure in place to apply for Deductible Gift Recipient status in the future. It is governed by a Board of Directors who are elected by the members of the company. (APBSF Ltd Constitution)