ADIA is the peak business organisation representing manufacturers and suppliers of dental products. Our vision is for an industry that empowers oral health professionals to advance the health and wellbeing of all Australians...................... — ADIA Strategic Plan

2018 Budget — Medical Industry Growth Plan

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The Australian Government will invest $1.3 billion in a Health and Medical Industry Growth Plan to deliver better treatment outcomes, create jobs, and drive growth in new firms and industries through research.

The Growth Plan will inject an estimated $18 billion into the Australian economy. It will provide an estimated 28,000 new jobs, provide for a minimum of 130 new clinical trials, and add a 50 per cent increase in exports, new markets and global market leadership in biotechnology, medical devices, and pharmaceuticals.

Research investments include $240 million over 4 years for a Frontier Health and Medical Research program and $94 million over four years for industry research collaborations, and biomedical and medical technology programs. This includes a Biomedical Translation Bridge which will invest $22.3 million over five years to target early and innovative ideas from research pipeline to proof-of-concept, translation, and commercialisation.

A $32 million Industry Research Exchange and Training program will foster a collaboration between industry and academia. Researchers will be supported to work with industry to benefit career progression and increase focus on end user needs, entrepreneurialism, and the commercialisation of research.

The Government will also provide $30 million to the Australian Institute of Health and Welfare to improve accessibility to health information and statistics and $20 million to support the Australian Medical Research Advisory Board.

The measure will cost $1.3 billion over 10 years from 2017-18.

This update was issued on 8 May 2018 and please note that changes in circumstances after the publication of material or information may impact upon its accuracy (including passage of the supporting legislation through the parliament) and also compliance obligations. It is recommended that expert advice be sought before taking action based upon the information presented here.

Member Engagement —

ADIA provides leadership, strategy, advocacy and support. Our members set our agenda, fund our activities and directly benefit from the results. With respect to the Association's work to ensure that the initiatives within the 2018 Australian Government budget support the dental industry, the team in the ADIA national office receive advice and guidance from members serving on the ADIA-TCPC Trade & Commercial Policy Committee.

Further Information —

To keep up to date with how ADIA is working to ensure that the Australian Government budget supports the dental industry, subscribe to the Twitter feed @AusDental or follow us on Facebook at www.facebook.com/dental.industry. Alternatively, you can contact the Association via email at canberra@adia.org.au or by telephone on 1300 943 094.


This information is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the ADIA logo, other images and where otherwise stated.

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