This report examines the nature and utility of Australia's publicly funded research arrangements, with a particular focus on priority-setting.

It is the final report of the  Focusing Australia’s Publicly Funded Research Review, undertaken from February to July 2011 inclusive and examined a number of issues in regards to  It addressed the following issues:

• The roles of publicly funded research agencies to ensure they do not unnecessarily overlap with each other and/or other sectors in the research system
• The appropriateness of the current level and balance of public funding for different types of research
• The utility of the current public funding arrangements including the role of the National Research Priorities in meeting national priorities and needs
• The value of a long-term strategy to provide collaborative research infrastructure
• Options to develop performance measures to evaluate publicly funded research programs.