House debates

Monday, 30 August 2021

Bills

Industry Research and Development Amendment (Industry Innovation and Science Australia) Bill 2021; Second Reading

5:37 pm

Photo of Craig KellyCraig Kelly (Hughes, Independent) Share this | Hansard source

Thank you, Deputy Speaker Freelander. I'm pleased that you're in the chair while I make a contribution to this debate. Firstly, I'd note for anyone watching a recording of this, that I'm speaking in the Australian federal parliament, and my speech here is protected by the Parliamentary Privileges Act, which goes back to the UK Bill of Rights 1688. I have free speech to say what I'm about to say. It should not be impeached or questioned outside of this parliament, for to do so is a breach of our Parliamentary Privileges Act.

In relation to the Industry Research and Development Amendment (Industry Innovation and Science Australia) Bill, I note that the member for Chifley has moved an amendment, and that is:

That all words after 'That' be omitted with a view to substituting the following words:

'whilst not declining to give the bill a second reading, the House:

(1) notes the jobs and economic growth generated from a robust innovation ecosystem; and

(2) condemns the Coalition Government for its continual failure to back Australian industry and innovation, particularly to deal with challenges arising from the pandemic.'

I rise in support of the member for Chifley's bill. I note in his comments he also says that Australia is home to many incredible companies and firms, but our innovative ideas languish with one of the lowest start-up formation rates in the world. We've got to be more ambitious. We've got to commit ourselves to bringing more great Australian ideas to the global market. I'd like to give an example of that and also give an example of why I support the member for Chifley's amendment.

In April last year, Monash University conducted a study which they have published the results of. I'd like to quote directly from Monash University's press release:

A collaborative study led by the Monash Biomedicine Discovery Institute (BDI) with the Peter Doherty Institute of Infection and Immunity (Doherty Institute), a joint venture of the University of Melbourne and Royal Melbourne Hospital, has shown that an anti-parasitic drug already available around the world kills the virus within 48 hours.

The Monash Biomedicine Discovery Institute's Dr Kylie Wagstaff, who led the study, said the scientists showed that the drug, Ivermectin, stopped the SARS-CoV-2 virus growing in cell culture within 48 hours.

"We found that even a single dose could essentially remove all viral RNA by 48 hours and that even at 24 hours there was a really significant reduction in it," Dr Wagstaff said.

She continued:

Ivermectin is very widely used and seen as a safe drug. We need to figure out now whether the dosage you can use it at in humans will be effective—that's the next step …

Of course I'm sure that you, Mr Deputy Speaker Freelander, more than anyone knows that something being tested in vitro, in a test tube, is a long, long way from showing effectiveness in humans.

After the discovery of Australia's Dr Wagstaff, Australia's internationally renowned Professor Borody, a physician with four—

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