Approximately $450 million in funding was committed in the last financial year from the Australian Government to oversee Reef care and maintenance projects. The GBRF is a corporate body registered under the Corporations Act (ACN 090 616 443) and a registered charity with the ACNC (ABN: 82090616443).
The Foundation claims it commenced in 1999 but no records exist of the charity prior to 2012 in the ACNC database. However, the ASIC company register shows that the GBFR was registered as a company in 1999 as the 'The Great Barrier Reef Research Foundation'. https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=1dnici2bvu_21
The Board of Directors contain individuals from leading corporate bodies such as Deloitte, the Business Council of Australia and Origin Energy. The Chairman's Advisory Panel contains a long list of corporates from the fossil fuel sector, various banks and finance corporations https://www.barrierreef.org/our-partners/chairmans-panel