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The Group of Eight has published this useful “Backgrounder” on research funding in Australia.
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In 2011-12 about $31.6 billion was spent on research in Australia by Government research organisations, universities, business and private non-profit organisations of which 28% was performed in the higher education sector.
Australian universities reported $3.4 billion in research income in 2012 from Commonwealth grants and contracts, other government grants and contracts, industry grants and contracts, private non-profit grants and contracts, international grants and contracts and donations and Bequests. In 2012 48% of research income reported came from Australian Competitive Grants.