The Commonwealth Scientific and Industrial Research Organisation (CSIRO) is Australia's national science research agency that was founded in 1926. CSIRO is an Australian Government corporate entity operating under the Science and Industry research act of 1949, and is accountable for its management of public resources under the Public Governance, Performance and Accountability Act 2013.
The organizations history of scientific research is credited with the invention of fast Wi-Fi, Aerogard, and polymer bank notes. Their research is estimated to provide approximately $3.2 billion in value per year to the Australian economy and requires about a quarter of the value generated in funding from the Australian Government to operate.
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