Document ID: chunk:federal_register_of_legislation:C2024C00314:section:5:p2
Version: federal_register_of_legislation:C2024C00314
Segment Type: section
Provision Reference: s 5 (pt 2/3)
Character Range: 15196–18017

the Agency) who undertakes to do any or all of the following:
 (a) invest amounts on behalf of the Future Fund Board;
 (b) manage the investment of funds on behalf of the Future Fund Board;
 (c) acquire derivatives on behalf of the Future Fund Board;
 (d) manage derivatives on behalf of the Future Fund Board;
 (e) enter into securities lending arrangements on behalf of the Future Fund Board;
 (f) realise financial assets on behalf of the Future Fund Board;
 (g) perform custodial functions in relation to the financial assets of the Future Fund Board.
investment of the Medical Research Future Fund means a financial asset that, under a provision of this Act, is taken to be an investment of the Medical Research Future Fund.
maximum annual distribution for a financial year means the maximum amount that may be debited from the Medical Research Future Fund Special Account during the financial year.
medical innovation includes:
 (a) the application and commercialisation of medical research for the purpose of improving the health and wellbeing of Australians; and
 (b) the translation of medical research into new or better ways of improving the health and wellbeing of Australians.
medical research includes research into health.
Medical Research Future Fund means the Medical Research Future Fund established by section 11.
Medical Research Future Fund investment function of the Future Fund Board means:
 (a) a function or power conferred on the Future Fund Board by section 37, 38, 45, 47, 49 or 50; or
 (b) a right or power conferred on the Future Fund Board in its capacity as the holder of an investment of the Medical Research Future Fund.
Medical Research Future Fund Investment Mandate has the meaning given by subsection 39(3).
Medical Research Future Fund Special Account means the Medical Research Future Fund Special Account established by section 14.
medical research institute means an institute (however described) that:
 (a) has a primary purpose of conducting medical research; and
 (b) is an entity that is registered under the Australian Charities and Not‑for‑profits Commission Act 2012 as the type of entity mentioned in column 1 of item 1 of the table in subsection 25‑5(5) of that Act.
MRFF Health Special Account means the MRFF Health Special Account established by section 23.
NHMRC means the National Health and Medical Research Council established by section 5B of the National Health and Medical Research Council Act 1992.
person includes a partnership.
Note: See also subsection 2C(1) of the Acts Interpretation Act 1901.
realise includes redeem or dispose of.
responsible Ministers means:
 (a) the Treasurer; and
 (b) the Finance Minister.
rules means rules made under section 63.
Treasury Department means the Department administered by the Treasurer.
value of an investment of the