News

Important step for MRFF

Angus Morgan

27 May, 2015

Burnet Director and CEO Professor Brendan Crabb

Burnet Institute has welcomed the introduction of legislation into Federal Parliament to establish the Medical Research Future Fund (MRFF) and urged all members and senators to support its passage.

Burnet CEO and Director, Professor Brendan Crabb described the MRFF, which is projected to build to $20 billion by the 2019-2020 financial year, as a ‘once-in-a-generation’ opportunity for improved health and economic outcomes for Australia.

Professor Crabb, who’s also a member of the Medical Research Future Fund Action Group (MRFFAG), said the fund would provide immediate stimulus for the sector.

Subject to the passage of the legislation the MRFF will be established from 1 August 2015.

The first $10 million in additional medical research funding is to be distributed in 2015-16 and more than $400 million is estimated for distribution over the next four years.

MRFFAG Chair Peter Scott said legislating for the establishment of the MRFF would be a tremendous legacy for this Parliament to leave our nation.

“We’ve heard a lot of discussion in recent weeks about the importance of science to Australia’s future, and that is no doubt true,” Mr Scott said.

“That is why we are calling on all federal politicians to recognise this fact and make a step in the right direction towards securing Australia’s health and economic future by passing the legislation for the MRFF.”

Mr Scott said the MRFF would be transformative for not only health and medical researchers but for the broader Australian community.

“Beyond improving lives through the discovery of cures and treatments for many diseases, medicines and medical technologies are also our best performing ‘smart’ export,” he said.

“We know that every dollar invested in health and medical research delivers a return of more than double to our economy and community through reducing the burden of disease and the savings this brings.”

Mr Scott said the health and medical research the MRFF supports will have a lasting impact on the health and wealth of Australia for generations to come.

“The MRFF is the sort of far-sighted policy we so often ask our politicians to make, and that is why we are calling on all federal politicians to support it,” he said.

“It’s an important investment in the future of our nation, the sort of investment that we simply can’t afford not to make.”

Contact Details

For more information in relation to this news article, please contact:

Professor Brendan Crabb AC

Director and CEO; Co-Head Malaria Research Laboratory; Chair, Victorian Chapter of the Association of Australian Medical Research Institutes (AAMRI)

Telephone

+61392822174

Email

[email protected]

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