Document ID: chunk:federal_register_of_legislation:C2024C00314:front:0:p3
Version: federal_register_of_legislation:C2024C00314
Segment Type: other
Provision Reference: 
Character Range: 5636–8615

Part 4—Investment of the Medical Research Future Fund
35 Simplified outline of this Part
36 Objects of investment of the Medical Research Future Fund
37 Investment of the Medical Research Future Fund
38 Management of investments of the Medical Research Future Fund
39 Medical Research Future Fund Investment Mandate
40 Obligation on Future Fund Board in performing investment functions
41 Limitation on Medical Research Future Fund Investment Mandate
42 Future Fund Board to be consulted on Medical Research Future Fund Investment Mandate
43 Compliance with Medical Research Future Fund Investment Mandate
44 Future Fund Board must not trigger the takeover provisions of the Corporations Act 2001
45 Borrowing
46 Medical Research Future Fund investment policies
47 Derivatives
48 Additional financial assets
49 Securities lending arrangements
50 Investment managers
51 Refund of franking credits
52 Realisation of non‑financial assets
53 Additional function of the Future Fund Board
Part 5—Reporting obligations etc.
54 Simplified outline of this Part
55 Finance Minister may require Future Fund Board to prepare reports or give information
56 Keeping the responsible Ministers informed etc.
57 Finance Minister may give reports to other Ministers etc.
57A Health Minister to report to Parliament on financial assistance
58 Health Minister must publish information
Part 6—Miscellaneous
59 Simplified outline of this Part
60 Delegation by the Finance Minister
61 Delegation by the Treasurer
61A Delegation by the Health Minister
62 Review of operation of Act
63 Rules
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
An Act to establish the Medical Research Future Fund, and for related purposes
Preamble
  The Parliament of Australia recognises that the health and wellbeing of all Australians is essential to the future of Australia. Discoveries in medical research and important medical innovations in the future will contribute to improving the health and wellbeing of all Australians.
  In order for medical research and medical innovation to support a healthy and productive nation, long‑term and large‑scale funding is required. The Parliament believes that the establishment of a perpetual fund capable of generating income over the long term is the most appropriate mechanism for ensuring that this funding is available on an ongoing basis. The Commonwealth has a role in meeting this funding need as it is able to marshal and deploy resources not available through other means.
  Funding a system for medical research and medical innovation requires a national approach. The establishment of the Medical Research Future Fund and its administration will ensure that a coherent and consistent approach is adopted in the funding of medical research and medical innovation to ensure that such research and innovation benefits all Australians.

The Parliament of Australia enacts:

Part 1—Preliminary