The following are some of the key announcements in the 2016-17 Budget which affect health and medical research. Information has been drawn from the budget papers, including portfolio and agency statements. The Budget papers are available here.
Medical Research Future Fund
The Budget has confirmed the Government’s continued commitment to the MRFF. However, it is now expected to meet the $20 billion target in 2020-21, a year later than first projected in the Budget in 2014 (Note 1). 2019-20 was confirmed as the target date for full capitalisation of the MRFF as recently as December last year, in the NISA Fact Sheet on the Biomedical Translation Fund (Note 2).
Continue reading “The 2016-17 Budget: Health and Medical Research”
Research Australia welcomes the news that the membership of the MRFF Advisory Board is to be announced today by the Health Minister, the Hon. Sussan Ley. The members are:
Professor Ian Frazer, AC (Chair)
Inaugural President of Australian Academy of Health and Medical Sciences
Former Director of the Translational Research Institute
Former Australian of the Year
Continue reading “Research Australia welcomes announcement of MRFF Advisory Board”
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.
MRFFAG Submission to Medical Research Future Fund Bill
Research Australia Submission Medical Research Future Fund Bill
Research Australia has made a submission to the Treasurer in relation to the 2015-16 Budget. Research Australia’s submission urges the Government to implement the MRFF and to invest in health and medical research as a means of improving the quality, effectiveness and efficiency of Australia’s health system.
Pre Budget Submission 2015