AAMRI congratulates new Prime Minister Malcolm Turnbull

AAMRI congratulates new Prime Minister Malcolm Turnbull

15th September, 2015

The Association of Australian Medical Research Institutes (AAMRI) congratulates Prime Minister Malcolm Turnbull on his swearing in as Australia’s new Prime Minister, and looks forward to working with him to ensure that the benefits of the government’s new Medical Research Future Fund to the health and prosperity of Australians are fully realised.

“The recent passing of the Medical Research Future Fund (MRFF) thanks to multi-party support demonstrates the high value placed on health and medical research both in the Parliament and in the community,” AAMRI President Professor Doug Hilton said.

“As incoming Prime Minister Turnbull noted last night and again this morning, this is an exciting time to be alive, and we need to support innovation in Australia for our nation to have a successful economic future. Nowhere is innovation more evident than in the health and medical research sector where discoveries play a crucial role in improving our health system, saving Australians’ lives and delivering the jobs of both our present and our future.

“Health and medical researchers are helping us to live longer, healthier and more productive lives than ever, but there is much more to do to overcome the burden of some of our most intractable and challenging conditions such as dementia, diabetes, heart disease, mental illness and cancer.

“We look forward to working with Mr Turnbull in seeing the MRFF fully capitalised at $20 billion by 2020 and delivering an extra $1 billion per year in funding to help us discover the treatments and cures for these conditions and more. No doubt Mr Turnbull understands the outstanding returns investing in health and medical research delivers and will appreciate the need for the MRFF to reach its full potential.

“We know that every dollar invested in health and medical research returns at least two dollars, with many studies suggesting this rate of return is much higher. These returns come not just from marketable medical discoveries but also from more efficient diagnoses and treatments. Health and medical research is already an important part of our economy, and will only continue to grow in importance through the MRFF and other initiatives.

“We also hope to work with the Turnbull Government to continue to streamline and revitalise the health and medical research sector to ensure we maintain and grow our strong, internationally-competitive edge.”

Professor Hilton paid tribute to outgoing Prime Minister Tony Abbott and thanked him for everything he had done for the health and medical research sector both as Prime Minister and in his previous role as Health Minister in the Howard Government.

“It was Mr Abbott’s recognition of the important role health and medical research plays in Australia’s future that saw him propose and champion the MRFF, and we will remain eternally grateful to him for his vision and commitment to this nation-changing policy,” Professor Hilton said.

“Outgoing Prime Minister Abbott, his Government and indeed the entire Parliament, should see the MRFF as a signature achievement that will benefit Australians greatly for generations to come.”