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Australia’s future in medical research is agreed

Hanrick Curran’s Partner, Mark Sheridan, recently attended the annual meeting of the Association of Australian Medical Research Institutes, in his role as Chairman of the Queensland Eye Institute. The Annual Dinner, held in the Great Hall of Parliament House, Canberra, was addressed by the Minister for Health, Susan Ley, and attended by members of parliament and the chairs, directors and research representatives of Australian Medical Research Institutes.

The big news was confirmation of the establishment and initial funding of the Medical Research Future Fund (MRFF), initially proposed in the 2014 Federal Budget. The intention for the MRFF is to build a $20 billion capital base, providing an independent funding model for future medical research in addition to other grants already provided by National Health and Medical Research Council and others. This is a milestone event for the future of medical research in Australia.

At breakfast the following morning, Opposition Leader Bill Shorten and Greens Leader Richard di Natale, both committed themselves to the importance of future medical research funding, and especially the commercialisation of initiatives flowing from research.

Hanrick Curran also congratulates Professor Perry Bartlett of the Queensland Brain Institute, who was awarded the prestigious CSL Florey Medal for 2015 for his breakthrough discoveries in neuroscience.

Hanrick Curran has an experienced team of professionals providing audit, business advisory and consulting services to medical research organisations within our Not-for-Profit division. For assistance please contact Mark Sheridan, Matthew Green or Michael Georghiou on 07 3218 3900.

Please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice.