Senator SINODINOS (New South Wales—Minister for Industry, Innovation and Science) (15:02): Collaboration between researchers and businesses is essential if we are to enjoy the economic benefits of great Australian ideas. The Innovation and Science Australia report on the state of the system in 2016 clearly showed that we are fantastic at knowledge creation, we punch above our weight internationally, but we need to do more. Senator Kim Carr interjecting— Senator SINODINOS: The shadow minister talks about 'Fs'. Why is he swearing in this chamber? Senator Kim Carr: Yes, a big 'F'! The PRESIDENT: Order on my left! Senator SINODINOS: The recent performance survey by ISA indicates that we have to do more in the area of collaboration to translate research output into commercial ideas here in Australia. We cannot expect every idea to be commercialised in Australia but we are keen to commercialise as many ideas here in Australia as we can, bringing research, industry and government together to do that. Senator Brandis: Mr President, I ask that further questions be placed on the Notice Paper.