"The Carbon Capture and Storage Flagships (CCS Flagships) Program was established in May 2009 and supports the construction and demonstration of large-scale integrated CCS projects in Australia."
"The Australian Government has confirmed funding of over $125 million in its May 2014 Budget to allow the South West hub and CarbonNet projects to complete their stage gated commitments."
"The Education Investment Fund (EIF) provides $100 million to fund the research infrastructure component for short-listed projects. This requires partnering with an eligible research institution, such as universities, for collaborative research into CCS." (Source: http://industry.gov.au/resource/LowEmissionsFossilFuelTech/Pages/Carbon-Capture-Storage-Flagships.aspx)