Update: MYEFO

Update: MYEFO

19th December, 2016

MYEFO 2016-17

The Mid-Year Economic and Fiscal Outlook (MYEFO) for 2016-17 was released today. There is no projected change noted within the update in terms of expenditure for the National Health and Medical Research Council, or projected payments into the Medical Research Future Fund or expenditure from the fund. There was also no noted change to the funding for the Australian Research Council.

The following initiatives relating to health and medical research, and the science and innovation system more broadly, were announced or confirmed in MYEFO

Jobs and growth in South Australia

From 2017 at least 1,200 Enterprise Scholarships of up to $20,000 each will be available for higher education and training places across areas of skills shortage and economic priority) such as naval shipbuilding, advanced manufacturing and medical research. AAMRI will be confirming the eligibility of medical research institutes to participate in this program.

Develop Australia’s Medical Research Capabilities

The Government will provide $20.0 million over two years from 2016-17 to support the establishment of a national research network that will focus on improving childhood cancer survival rates by providing personalised treatment through research collaboration.

Research and Development Tax Incentive

Payments related to the R&D tax incentive are expected to decrease by $151 million in 2016-17 ($580 million over four years to 2019-20), largely reflecting a lower than expected growth in demand for the program following lower uptake in 2015-16.

Supporting Women and Girls in STEM

The Government will provide $31.2 million over four years from 2016-17 to support increased participation of women and girls studying and working in STEM. Funding of $28.2 million will be provided over four years from 2016-17 to expand the Australian Mathematical Sciences Institute internship program to support an additional 1,400 internships for PhD researchers in STEM related topics, with a particular focus on women researchers.

Incubator Support for Innovative New Businesses and Jobs – expansion

The Government will provide an additional $15 million over four years from 2016-17 to expand the incubator support initiatives. The program will support innovative, globally-focused start-ups and develop Australia’s innovation ecosystem.

Cure4MND Foundation

The Government will provide $2.8 million in 2016-17 to the Cure4MND Foundation. The contribution will support health and medical researchers to deliver the next breakthroughs in motor neurone disease research and assist the Cure4MND Foundation make more clinical trials available to Australian patients. This money was referenced in last week’s eNews.

Draft 2016 National Research Infrastructure Roadmap

The draft 2016 National Research Infrastructure Roadmap has been released for sector feedback. The final Roadmap will guide the Australian Government in its national infrastructure investment decisions over the next ten years.

The draft has been developed following extensive consultations and from feedback on an earlier Issues Paper.

The Expert Working Group are keen to hear feedback on the key recommendations and the research infrastructure focus areas outlined in the draft Roadmap.

AAMRI will be putting forward a submission in response to the draft Roadmap. AAMRI members are asked to send any feedback they wish to see incorporated into AAMRI’s submission to peter.thomas@aamri.org.au by 10 January 2016.

A summary of the key recommendations and research infrastructure roadmap is available on the AAMRI website. A copy of the draft research infrastructure roadmap is available from the Department of Education.

2017 AAMRI National Convention and Dinner: Save the Date

Please save the date for the 2017 AAMRI National Convention and Annual Dinner in Canberra. The Convention and Dinner will be on Wednesday 1 November, with the President’s Breakfast and AGM to follow on Thursday 2 November.

AAMRI office closure over Christmas

The AAMRI office will close this Thursday 22 December and reopen on Wednesday 3 January.
Everyone at AAMRI wishes you a safe and happy break. Good luck to those of you working on grant applications.