Senator Kim Carr, the federal Minister for Innovation, Industry, Science and Research, has recently announced a Discovery Australian Laureate Fellowships program to attract outstanding researchers and research groups both in Australia and abroad. This program, which is being funded with $239 million for the first five years and run by the ARC, replaces the existing Discovery Federation Fellowship scheme, with more emphasis on international talent and in funding research groups rather than individuals. The scheme is supposed to open in mid-October, although the funding rules do not seem to be finalised yet.
Hopefully the new fellowships will attract more applicants than the Federation fellowships, especially from overseas, given that the fellowships seem to now be offering some additional research resources in addition to a good salary.
[Update, Oct 9: Funding rules are now online.]