Federal Budget 2017-18 | First grants issued by MRFF

Response to Budget 2017

Research Australia welcomes first grants issued by Medical Research Future Fund

Government delivers on promise to establish flow of funding into health and medical research $20 billion capital target to be achieved in 2020-21

After a long-fought campaign to bring the Medical Research Future Fund (MRFF) to reality, health and medical researchers have welcomed the first round of grants issued from the MRFF, as announced tonight in the Federal Budget. $65.9 million is available for 2016/17, with the detail of $25 million of this spending released tonight. Just as importantly, we now have a clear path to achieving the capital target of $20 billion, with the Budget papers revealing this target will be achieved in 2020-21.

Research Australia Director and CSL’s Senior Vice President of Research, Dr Andrew Nash, said the Budget announcement tonight confirmed the Government has begun to deliver on its promise to establish a consistent flow of funding for health and medical research.

“The grants announced tonight represent an important milestone in the establishment of this landmark source of funding for health and medical research.
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Federal Budget 2017-18 | Highlights

We have just got out of the Health Portfolio Federal Budget Lockup and here’s some early news on items affecting our sector.

We will provide you with more details around how the Federal Budget 2017-18 directly impacts health and medical research in the next few hours.

  • In 17-18, the total Health budget including (Aged Care & Sport) will increase 2.8% on last year to $94.2bn – that is 20% of total Commonwealth spend.
  • $5bn of that relates to HMR which includes:
    • $10M in preventive health research funded from MRFF
    • $78.8m for cancer research including $68m for a Proton Beam Facility in South Australia and $14.8m for childhood cancer.
  • Funding of $642.9 million will be made available in 2020 – 21, bringing total investment in HMR over the first 5 years of the MRFF to 1.4b, this is in addition to NHMRC funding.
  • $374.2m for national expansion of My Health Record to an opt-out system as agreed by COAG last year which will deliver enormous savings to the nation’s health bill over the next decade.
  • A compact with the pharmaceutical sector will mean lower cost medicines for consumers and in return allow more new drugs on the PBS and provide certainty and funding viability for the sector – congratulations to Medicines Australia

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INSPIRE Magazine

Summer 2016 Issue Out Now!

We are delighted to share with you the Summer Issue of Research Australia’s quarterly publication – INSPIRE.

It is has been such a busy year in the health and medical research industry and what a better way to celebrate the contribution our Members have had than through Research Australia’s annual Awards; GSK Award for Research Excellence; Bupa Health Foundation Emerging Health Researcher Award and Sax Institute’s annual Research Action Awards. Enjoy reading about the recipients of these awards and lives they are changing. Continue reading “INSPIRE Magazine”

$500 million fund will help build Australia’s biomedical industry of the future

The Biomedical Translation Fund (BTF) is to be funded with $250 million over financial years 2015/16 and 2016/17, diverted from contributions originally earmarked for the MRFF.

The BTF will use existing commercial Fund Managers for co-investment on a 50/50 basis, with the investment managers to source the other co-investors. Continue reading “$500 million fund will help build Australia’s biomedical industry of the future”

2016 The Peter Wills Medal Winner: Professor Ian Gust AO

Research Australia
Health & Medical Research Awards

2016 The Peter Wills Medal

Created in honour of the great leader whose work led to the inception of Research Australia. The Peter Wills Medal recognises an Australian who has made an outstanding contribution to building Australia’s international reputation in the area of health and medical research, and fostering collaboration for better health.

Congratulations to Award Winner: Professor Ian Gust AO

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2016 Data Innovation in Health & Medical Research Award Winner: Capital Markets CRC

Research Australia
Health & Medical Research Awards

2016 Data Innovation in Health & Medical Research Award

Presented to an individual or team that has developed the most innovative method of gathering, making available, processing or interpreting data in a way that advances health and medical research. This new Award is being presented for the first time in 2016.

Congratulations to Award Winner: Capital Markets CRC, Health Market Quality Team

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2016 Leadership in Corporate Giving Award Winner: Volvo Car Australia

Research Australia
Health & Medical Research Awards

2016 Leadership in Corporate Giving

Recognises outstanding leadership by a corporation or business in giving to and supporting health and medical research. This is not necessarily about the actual amounts donated, rather it’s the relationship or partnership and commitment over time that is an important dimension of effective corporate giving.

Congratulations to Award Winner: Volvo Car Australia

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2016 Advocacy Award Winner: Brenda King

Research Australia
Health & Medical Research Awards

2016 Advocacy Award

Recognises an Australian from a member of the community, the media, or a celebrity who has raised community awareness about the benefits of health and medical research.

Congratulations to Award Winner: Brenda King

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2016 Health Services Research Award Winner: Prof Michael Barton OAM

Research Australia
Health & Medical Research Awards

2016 NSW Health Health Services Award

This Award is for an individual who has provided leadership and made an outstanding contribution to health services research; driven research that has led to a significant improvement in healthcare; and/or has championed the development of the health services research field.

Congratulations to Award Winner: Prof Michael Barton OAM

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2016 Great Australian Philanthropy Award Winner: McCusker Charitable Foundation

Research Australia
Health & Medical Research Awards

2016 Great Australian Philanthropy Award

Recognises and encourages personal philanthropic donations over a period of time by
an individual or family to Australian health and medical research.

Congratulations to Award Winner: McCusker Charitable Foundation

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