Research Australia has made a submission to the Senate Community Affairs Legislation Committee Inquiry into the MRFF Bill in its own name and as a principal member of the MRFF Action Group. While largely supportive of the MRFF Bill, Research Australia and the other members of the MRFF Action Group have proposed some amendments to the Bill to:
- improve the definition of ‘medical innovation’
- enhance the transparency and independence of decision making
- ensure the MRFF’s capital maintains its real value over time
- enable a portion of the MRFF’s capital to be invested in innovative medical start up companies.