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Second Reading Speeches

Medical Research Future Fund Bill 2015

Type
Government
Portfolio
Finance
Originating house
House of Representatives
Status
Act
Parliament no
44

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Summary

Introduced with the Medical Research Future Fund (Consequential Amendments) Bill 2015 to establish the Medical Research Future Fund (MRFF) to support medical research and medical innovation from 1 August 2015, the bill provides for: initial funding of $1 billion from the uncommitted balance of the Health and Hospitals Fund; the establishment of the Australian Medical Research Advisory Board to develop the Australian Medical Research and Innovation Strategy and the Australian Medical Research and Innovation Priorities; and for the MRFF to be managed by the Future Fund Board of Guardians.