October 23 - John Coates, the President of the Australian Olympic Committee (AOC), has combined with the Australian Institute of Sport (AIS) in launching a "Campaign Rio" targeting a top five finish on the medals table at the 2016 Olympic Games.
Australia finished fourth at both Sydney 2000 and Athens 2004 but has endured a steady decline in fortunes since.
A sixth placed finish in Beijing 2008 was followed by tenth position in London, where only seven gold medals were won, their worst performance since Seoul 1988.
The latest campaign, a partnership between the AIS and both the Olympic and Paralympic Committees, aims to deliver the "best planning and preparation for Australian athletes in Brazil" to ensure a climb back up the table.
The announcement follows the establishment of a "WInning Edge" high performance strategy by the Australian Sports Commission (ASC) late in 2012 which has put the onus on individual sports to be more accountable for the use of their funding.
It was also announced that this Federal Government funding will remain at $95 million AUD ($91 million/£58 million/€66 million)
While in the past the AIS have supported athletes in years preceding the Olympics, they have passed control over solely to the AOC for the duration of the Games
They will now be directly involved, with AIS director Matt Favier serving as Deputy Chef de Mission in a role said to mirror that of the 2003 Rugby World Cup winning coach Sir Clive Woodward with the Great Britain team at London 2012.
In a move which aims to give athletes and coaches more familiar points of contact, the AIS chief medical officer Dr David Hughes and sports scientist Nick Brown have also been invited on the Board.
"I decided to do things differently for Rio after the disappointment of London and we need to work more closely with the AIS," he said.
"The AIS will be a key part of our team and they need to be inside the tent."
Coates says the partnership was only made possible once the Australian Sports Commission created their Winning Edge high performance strategy.
"In the past they've sort of sat back there," he said.
"For some reason they noted our top five [goal], but never endorsed it.
"They just weren't prepared to put their neck on the line as they've done now.
''We had to do something to focus more on high performance,''
''We're competing against more money now.
''We have to be smarter and in the case of the AOC we've decided to focus more on high performance, to understand more what the coaches want and the institutes agreed to put their top people in our team rather than outside the tent.''
ASC chairman John Wylie said the partnership between the organisations was a natural progression to assist in giving athletes the best possible preparation before the Olympic Games.
''It's a long overdue review and tightening up of the system to make it more effective,'' he said.
''It's time for the AIS to reinvent itself, and it's doing that.
We're keen to kick it along again and make sure we're at the cutting edge of world sport.''
At the announcement, Coates also expressed a desire to "widen the net" of sports which Australia wins medals in so as to offset the impact of less medals being won by the swimming team in London.
''I think we've had an over-dependence on swimming,'' he said.
''We've got to have more sports that produce medal prospects.
"It mightn't come for Rio, but I think the initiative of having a combat centre here [at the AIS] looking at boxing and judo are important initiatives we need to pursue.
''You've got to have a very wide base of sports to have those results.''
October 2013: Paralympians of future attend Canberra camp to help Rio 2016 preparations
August 2013: Australian Paralympic Committee want to close the funding gap on Britain for Rio 2016
July 2013: Alan Hubbard - Aussie Aussie Aussie, No No No
April 2013: Australian swimmers tipped by Coates to bounce back at Rio 2016
April 2013: Australia appoint former British Swimming head as new performance director