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Innovation and Science Australia Bill passes parliament

13 October 2016

The Australian Parliament has today passed the Innovation and Science Australia Bill – cementing innovation and science at the heart of our long-term plan to secure Australia’s future economic prosperity.

This establishes in legislation Innovation and Science Australia (ISA) – the organisation charged with helping the Government complete the three waves of the National Innovation and Science Agenda.

Chaired by Bill Ferris, with Chief Scientist Dr Alan Finkel as Deputy Chair, the talent on the ISA board represents innovators, scientists and entrepreneurs with track records of success.

Innovation and Science Australia will work across government, providing guidance around our $10.1 billion investment in 2016/17 in innovation, science and research.

ISA will also promote investment in industry, innovation, science and research in Australia, including showcasing successful innovators, entrepreneurs and researchers.

And it will directly engage international, business and community sectors to improve the overall performance of the national innovation and science system.

Science and innovation are national priorities for the Turnbull Government.

Building our strength in science allows us to capture greater opportunities for our people.

Innovation is a serious, long-term plan to secure Australia’s future economic prosperity and create more jobs.

Media contact: Minister Hunt's office 02 6277 7070