National Health and Medical Research Council (Australia) (NHMRC)
The National Health and Medical Research Council (NHMRC) is Australia's peak funding body for medical research, with a budget of roughly $900 million a year. The Council was established to develop and maintain health standards and is responsible for implementing the National Health and Medical Research Council Act 1992.
NHMRC is a material agency and is incorporated under the federal Financial Management and Accountability Act 1997. It was a part of the Department of Health and Ageing portfolio until mid-2007 when it became a self-governing statutory authority.
Along with the Australian Research Council (ARC), NHMRC is one of the Australian government's two main agencies for allocating competitively research funding to academics and researchers at Australian universities.