Concetta Fierravanti-Wells (NSW, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

Medical research is a key pillar of the Turnbull government's long-term national health plan. In addition to the recent $200 million research boost, the government has established a $20 billion Medical Research Future Fund, which will provide a long-term, sustainable source of funding for the next generation of medical breakthroughs. Furthermore, we are committed to supporting the NHMRC with the government investing over $4 billion across the next four years. Finally, the government has established a $500 million Biomedical Translation Fund. This fund is helping early-stage biomedical companies become internationally competitive, creating new markets for health care and producing better health outcomes. This all shows that the Turnbull government is committed to keeping Australian health consumers at the cutting edge of medical treatment.