Digital Finance CRC
The Rozetta Institute submitted the Digital Finance CRC (DFCRC) application in 2020 and was approved in 2021. The DFCRC started operations in November 2021.
The DFCRC is a 10-year, $180 million research program funded by industry partners, universities and the Australian Government. The DFCRC brings together fintech, industry, researchers and regulators to develop and capitalise on the huge commercial opportunities arising from the next transformation of financial markets – the digitisation of assets so they can be traded and exchanged directly and in real-time between any individual or organisation.
In August 2022, the Reserve Bank of Australia and DFCRC announced a pilot project to examine the economic benefits of a central bank digital currency (CBDC) in Australia. The project will explore innovative use cases and business models for a CBDC and understand technological, legal and regulatory frameworks.
Nature Positive Economy CRC
The Rozetta Institute will submit an application for a Nature Positive Economy CRC in Round 25 of the Cooperative Research Program. The expected submission closing date is March 2024.
A “nature positive economy” restores and protects the natural systems and processes crucial for human health and well-being, while also generating profits for the economy.
Nature Positive Economy CRC will address questions in three key areas:
- Where are the large, transformational projects that can help achieve targets?
- Which projects need investment?
- What tools and standards are needed for nature positive markets?
- How do we remove greenwashing?
- What is needed to drive a nature positive digital transformation?
Green Financing and Markets
- What are the financial products and market frameworks needed to de-risk this transition?
- What are the digital exchange and auditing mechanisms needed to support them?
Accelerating the Transition
- What do optimal pathways look like for this transition?
- What are the barriers to change?
- How do we ensure that the new nature positive economy is profitable and globally competitive?
Potential outcomes of the Nature Positive Economy CRC include:
Build a 21st century economy that grows jobs and business opportunities
Capable and confident business communities ready to positively impact the planet and humanity
Restore natural habitat to protect Australia’s unique and priceless biodiversity
Property Technology CRC
Our mission is simple: Develop technology solutions that facilitate connectivity, improve access, expand housing supply, and mobilize the capital needed to alleviate Australia’s housing crisis.
Why PropTech CRC is Needed
Bridging Gaps, Building Futures
Our role goes beyond research; we act as a catalyst to connect stakeholders, foster innovation, and promote transparency in Australia’s residential property markets. Our work will center around building the “digital rail” that connects all relevant industry parties, from the government to developers and researchers. This will be facilitated by the CRC model, which enables long-term partnerships for high-impact outcomes.
Through this initiative, we not only aim to create a seamless and efficient property marketplace but also position Australia as a global leader in the PropTech industry, generating jobs and new business opportunities.
The Four Streams Driving PropTech CRC
Through these streams, we aspire to revamp property transactions, advance urban planning, and instigate meaningful, impact-based investments in Australia’s real estate market.
Transforming the Way Australians Engage with Property
How can we make it more straightforward for Australians to acquire suitable housing? Our research in this stream focuses on refining the transactional aspects of property, aiming to improve the current rigid and ineffective ways through which owners, buyers, renters, and investors interact with the property market.
- Introduction of technology-backed alternative home ownership and tenancy models like shared equity, build-to-rent, and rent-to-buy.
- Development of tools that correct marketplace asymmetry and stimulate healthier behavior, such as automated rental management systems and renter/landlord scoring.
- Innovations that ease home searching and purchasing, incorporating automated valuation models, smart contracts, and automated mortgage solutions.
- Widespread adoption of tech-enabled tenancy and home ownership models, simplifying entry into the housing market for buyers, renters, and investors.
- Diminished imbalances between buyers/sellers and landlords/renters during the property search process.
- Less dependency on third parties for activities like home valuation, buying/selling, and rental management.
- Better-informed decisions for buyers and renters based on comprehensive data including job opportunities, community safety, and neighborhood dynamics, in addition to pricing.
- Improved housing security and affordability, particularly benefiting essential workers.
Industry Laureate Fellowship – Superannuation
Rozetta Institute is a key supporting agency for the current application by Professor Mike Aitken for an ARC Industry Laureate Fellowship titled “Evidence-based Policy Making for Superannuation and Retirement Marketplace”.
The Fellowship project aims to transform the quality of the superannuation and retirement income “marketplace”. It will investigate existing marketplace practices through datamining and modelling to identify information asymmetry and compliance gaps.
Outcomes include research-informed scholarship to inform evidence-based policy-making, an integrated data repository for national and international superannuation market micro-structure research, commercializable IP and pathways to market for improved superannuation services. Vastly improved services at a much lower cost will raise the quality of life for Australians in retirement.