Document ID: chunk:federal_register_of_legislation:F2024C01281:clause:1ab_162
Version: federal_register_of_legislation:F2024C01281
Segment Type: clause
Provision Reference: sch 1AB cl 162
Character Range: 550676–551870

162       Biomedical Translation Fund                                                                                                                          To invest in promising biomedical discoveries and assist in their commercialisation, and to encourage the development of companies that are commercialising biomedical research and development, as measures:
                                                                                                                                                               (a) with respect to the provision of medical and dental services; or
                                                                                                                                                               (b) to give effect to Australia's obligations under the International Covenant on Economic, Social and Cultural Rights, particularly Articles 2 and 12; or
                                                                                                                                                               (c) that are peculiarly adapted to the government of a nation and cannot otherwise be carried on for the benefit of the nation.