Summary
Introduced with the Medical Research Future Fund Bill 2015 to establish the Medical Research Future Fund (MRFF) to support medical research and medical innovation from 1 August 2015, the bill amends: the COAG Reform Fund Act 2008 to enable grants to the states and territories through the COAG Reform Fund; the DisabilityCare Australia Fund Act 2013, Future Fund Act 2006 and Nation-building Funds Act 2008 to allow for amounts to be transferred between the MRFF and the Future Fund to allow for proper apportioning of common expenses incurred by the Future Fund Board in managing the MRFF, the Future Fund, the Nation-building Funds and the DisabilityCare Australia Fund Special Account; the Future Fund Act 2006 to extend the Future Fund Board’s duties to manage the MRFF; the Nation-building Funds Act 2008 to abolish the Health and Hospitals Fund (HHF); five Acts to make amendments consequential on the abolition of the HHF; and the proposed Medical Research Future Fund Act 2015 to make amendments consequential on the Acts and Instruments (Framework Reform) Act 2015.