Senate debates

Wednesday, 14 May 2014

Questions without Notice

Medical Research Future Fund

2:12 pm

Photo of Fiona NashFiona Nash (NSW, National Party, Assistant Minister for Health) Share this | Hansard source

I thank the senator for her question and her very sincere interest, particularly in the area of regional health. The Australian government is establishing a $20 billion future fund for medical research. The Medical Research Future Fund will be the single largest investment in medical research ever made in Australia and one of the biggest medical endowment funds in the world. The fund will be established on 1 January 2015. The capital-protected Medical Research Future Fund will reinvest all the savings in a fiscally responsible—

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