Performance-Based Research Fund
Working Group (2002), Investing in Excellence: The Report of the Performance-Based Research Fund
New Zealand is no exception to this trend, with the introduction of the Performance-Based Research Fund (PBRF) in 2004 representing arguably the most significant change to the funding of tertiary institutions in New Zealand since the introduction of the equivalent full-time student (EFTS) funding system in 1991.
The report recommended the introduction of a "Performance-Based Research Fund", based on a mixed model of peer review and performance Indicators, (5) to assign funding based on the quality of research at an institution.
Gender differences exist among academics in remuneration, employment status and the performance-based research fund
2003 quality evaluation scores.
The Performance-Based Research Fund
Working Group (PBRFWG) was subsequently established in July 2002 to further investigate the TEAC proposals as well as other possible funding regimes.
The Tertiary Education Advisory Commission (TEAC) in its November 2001 report, Shaping the Funding Framework, recommended the introduction of a performance-based research fund
for tertiary education providers.
THE GOVERNMENT'S new structure for funding research in universities, the Performance-based Research Fund
(PBRF), has received mixed reviews from nursing academics.