CRC CARE Pty Ltd was incorporated on 13 September 2005 to carry out the activities of the Cooperative Research Centre for Contamination Assessment and Remediation of the Environment. CRC CARE is a limited liability entity with 12 shareholders. Voting and dividend rights are determined by the value of contributions by shareholders in the company in the relevant financial year.
The registered office is at the University of Newcastle, Callaghan, New South Wales. CRC CARE Pty Ltd holds the Centre assets including intellectual property and equity in other companies as required.
CRC CARE Pty Ltd aims to generate an economic surplus from commercial activities and membership contributions and re-invest proceeds in the activities of the CRC. Surpluses may also be distributed to shareholders. Its operations will concentrate at nodes in the main capital cities providing national coverage. Each node will provide for:
CRC CARE Pty Ltd operates under the Corporations Act and is governed by a Board with an independent Chairperson, is industry driven and has the strategic and operational characteristics of a commercial organisation. Day to day business is transacted through the Managing Director, under a contract overseen by the Board of CRC CARE Pty Ltd.