{"id":"F2020L00911","name":"Medical Research Future Fund (Crediting of Amounts) Determination 2020","slug":"medical-research-future-fund-crediting-of-amounts-determination-2020","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":145463,"registerId":"commonwealth-F2020L00911-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Medical Research Future Fund (Crediting of Amounts) Determination 2020","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.jpeg)\n\n \n\nMedical Research Future Fund (Crediting of Amounts) Determination 2020\n\nWe, JOSH FRYDENBERG, Treasurer, and MATHIAS HUBERT PAUL CORMANN, Minister for Finance, having had regard to the object of the Medical Research Future Fund Act 2015, make this determination under paragraph 15(1)(a) of that Act.\n\nDated  9 July  2020\n\nJOSH FRYDENBERG  MATHIAS HUBERT PAUL CORMANN\n\nTreasurer Minister for Finance\n\n1  Name\n\n  This determination is the Medical Research Future Fund (Crediting of Amounts) Determination 2020.\n\n2  Commencement\n\n  This determination commences on the day after it is registered.\n\nNote: Section 42 of the Legislation Act 2003 (which deals with disallowance of legislative instruments) does not apply to this instrument: see subsection 15(3) of the Medical Research Future Fund Act 2015.\n\n3  Authority\n\n  This instrument is made under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015.\n\n4 Crediting of Amounts\n\n  As per paragraph 15(1)(a) of the Medical Research Future Fund Act 2015, $3,212,050,668.00  is to be credited to the Medical Research Future Fund Special Account on 21 July 2020.\n\nNote: The Medical Research Future Fund Special Account is established by section 14 of the Medical Research Future Fund Act 2015.\n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument does not change the statutory scope or rules of the MRFF. It simply directs a one-off credit of a specified amount to the MRFF Special Account under paragraph 15(1)(a); it neither alters the Act's objects nor eligibility or spending rules (see paragraph 15(1)(a), section 14, subsection 15(3))."},"complexity_factors":["Single, specified financial action: a one-off credit of a fixed amount (clause 4).","Clear statutory authority: made under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015.","Fixed timing: the credit is scheduled for a specific date (21 July 2020).","Non-disallowable instrument: subsection 15(3) removes section 42 disallowance, reducing parliamentary review complexity.","No amendments to substantive MRFF rules or spending criteria—limited scope.","Operational bookkeeping and fund-management tasks required to effect a large transfer (administrative burden on finance agencies)."],"plain_english_summary":"This determination directs that $3,212,050,668 be credited to the Medical Research Future Fund Special Account on 21 July 2020, under paragraph 15(1)(a) of the Medical Research Future Fund Act 2015. Mechanically, it increases the MRFF's balance available for medical research programs; it does not amend eligibility rules or the Act's objects, and is not subject to disallowance (see section 14 and subsection 15(3))."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow function authorised by section 15(1)(a) of the parent Act: specifying an amount and date for crediting to the Fund. There is no expansion beyond this original purpose."},"complexity_factors":["Only 4 short sections total","No defined terms section","Single operative provision with no conditions or exceptions","No cross-references to other legislation beyond the empowering Act","Straightforward arithmetic operation (crediting a fixed dollar amount)","No discretionary decision-making or delegated powers"],"plain_english_summary":"This instrument directs a one‑time deposit of $3,212,050,668 into the Medical Research Future Fund on 21 July 2020. It channels public money into a long‑term investment account whose earnings finance medical research, increasing future grant capacity and affecting medical researchers, health institutions and taxpayers by growing the Fund’s capital base."}},"importantCases":[],"_links":{"self":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020","history":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020/history","analysis":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020/analysis","conflicts":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020/conflicts","importantCases":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020/important-cases","documents":"/api/acts/medical-research-future-fund-crediting-of-amounts-determination-2020/documents"}}