The latest round of Federal funding has awarded $1.5 billion in grants to 41 Australian universities.
The University of Melbourne was awarded the biggest allocation of $167.5 million, while The University of Sydney received $154.5 million. The University of Queensland came third with an allocation of $131 million.
The University of Melbourne was recently highly ranked for research by the Australian Research Council (ARC). Of just over 100 research areas assessed by the ARC over a six-year period, 42 at Melbourne had the highest rating.
UQ also welcomed the grants, pointing out that 60% of the $227 million allocated to Queensland universities went to University of Queensland.
Deputy Vice-Chancellor (Research) Professor Max Lu said the funding awarded through these Research Block Grants helps UQ to sustain and advance its world-class research.
"The funding allocation reflects UQ's position as one of Australia's top research institutions. The Federal Government's 2010 Excellence in Research for Australia assessment, released last month, confirmed the quality and breadth of UQ's research places it amongst the top two Universities in the nation," Professor Lu said.
"This new funding will help to further UQ's research in vital areas such as health, humanities, economics, agriculture, water and food security, climate, biofuels and space exploration technology."