Dr Sarah Meachem

ANNUAL REPORTNovember 2009

The Australian Society for Medical ResearchACN 000 599 235 ABN 18 000 599 235

145 Macquarie Street, Sydney 2000

Continued Page 2

PRESIDENT’S ANNUAL REPORT 2009`

As a consequence of Australia’s rapidlychanging political and economic landscape, itseems that the HMR community, is faced on ayearly basis with the unsettling and inevitablequestion; Will NHMRC funding be maintainedor cut?

ASMR is vigilant in seeking high level advise offuture NHMRC investment, with this year beingno exception, and there being a real dangerthat NHMRC funding may be cut. Having saidthat, if there is no further increase in NHMRCinvestment in this up coming election budget,funding will be static, which means in real termsNHMRC funding will decline.

The apparent immediate impacts will beundoubtedly be decreases in NHMRC grantsuccess rates which will impact job security andcareer opportunities while long range,detrimental impacts will be on our nations’ worldplacement, health and economic returns andloss of momentum of discovery.

The election budget provides a valuableopportunity to engage politicians and articulatethe benefits of health and medical research. Youtoo can influence policy by writing letters. Letterwriting campaigns have worked in the past andthey will work again and that’s why ASMR hasembarked on a such a campaign to call thestakeholders, researchers, special interestgroups and the public to take action.

The request is of the Federal Government tomaintain NHMRC budget with a modest increase.ASMR believe this is a responsible andachievable request given the current fiscalconstraints of the nation.

The other facet of engagement is to educate andinform our policy makers of the importance ofhealth and medical research has to the healthand wealth of the nation but also that our HMRworkforce is valuable investment in humancapital. Using our best and brightest, better andsmarter will not only help underpin the needs ofthe nation but also and set the nation on a course

for achieving asusta inable,a f f o r d a b l ehealthsystem allAustralian’scan enjoy.

The Societyurges you totake 3 actions:

* write a letter* meet with your local Member of Parliament and* invite them to your organisation to showcase some home grown discoveries

Useful resource material is available from thewebsite (http://www.asmr.org.au/campaign.html).For example, Do you need to confirm who yourMember of Parliament is? Need to brush up onyour skills in visiting your Member of Parliament(see Tips, Dos & Don’ts). Look at some exampleletter, get the facts, and use some home grownAussie examples of research that’s making adifference.

In terms of the HMR workforce, it has been anoutstanding contributor to the health andwellbeing of Australians and as a sector highlyproductive, with Access Economics reportingHMR provide 117% on returns, exceeded onlyby the mining and wholesale sectors.

The international standing and significance ofAustralia’s HMR is unquestioned as shown bythe consistently high output of fundamentalresearch and translational outcomes in a cost-efficient manner. Australian HMR contributes3.05% of the total world HMR R&D from only 1.1% of the expenditure and delivers twice the OECDaverage on a per capita basis - with a strikinglyhigh international standing by citation and ourtranslational outcomes are impressive in globalterms.

Dr Sarah Meachem

President’s Report continued

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With Dr Elizabeth Blackburn, the first Australilanfemale laureate, being the most recent recipientof a Nobel Prize in medicine and physiology,takes Australia’s tally to six. Australia’s HMRsector truly does punch way above its weight onthe international stage. Surprisingly this is thelargely the only quantitative data available on theHMR workforce.

In line with ASMR’s responsible approach torequest funding increases with amounts clearlyjustified and aligned with strategic initiatives,health issues and outcomes is crucial.Unsubstantiated funding requests risk dilutingefforts to ensure a sustainable and robust HMRinto the future.

To this end, ASMR identified the need forquantitative data and future workforce andeconomic modelling to understand the dynamicsof the Australian health and medical researchworkforce over the next decade andcommissioned Deborah Schofield, AssociateProfessor and Director of Research NorthernRivers University Department of Rural Health(NRUDRH), School of Public Health, Faculty ofMedicine, University of Sydney to conduct thestudy.

The report was launched to a capacity crowd ofpolicy makers at Parliament House in October2009.

The key findings of the study are;

* A recruitment of human capital is needed tomaintain our world class health and medicalresearch workforce over the next decade. Thesector must attract 30% more PhD or equivalentlyqualified researchers with a proportionate increasein support staff.

Specifically 5700 PhD qualified persons wouldneed to graduate and be willing to work in thesector by 2019. Of these 4000 would be replacingretiring personnel, while another 1700 are neededto account for the growth in the Australianpopulation. The associated cost of this has beenestimated to be in the order of 810M (2009 dollars)dollars.

* If Australia is to have the most highly educated,best skilled and highly trained HMR sector in theworld, the number of qualified researchers (PhDor equivalent) would need to expand 2.5 fold to

be on par with knowledge based workforces suchas the European workforce.

Australia would require about 5,700 additionalHMR PhD graduates to be comparable with USlevels, about 22,800 to be comparable withGerman levels and about 38,000 to be comparablewith Switzerland.

For all the key figures of the report please visithttp://www.asmr.org.au/campaign.html

To sustain and expand the HMR workforce wouldrequire the development, design andimplementation of:

1) a long ranging commitment to long term,sustainable investment guided by informed,innovative and visionary policy reform,

2) a viable ‘long lasting’ career structure whichwill attract and retain our best, brightest, mostproductive human capital, and

3) expansion of international partnerships andenhance capacity through development of aregional union. For example, Asia-Pacific.

This study is timely and valuable report on planningthe HMR Workforce to 2019. The RuddGovernment is committed to health care reformand no one can deny that the HMR workforce is acrucial element in the understanding, preventionand cure of disease.

The data provided will undoubtedly be an importanttool for government and in our quest to developnew and better policy to meet the future healthneeds of the nation.

ASMR thanks the affiliate members for their kindsupport of this study.

On a more informal note, in addition to thecampaign and completing the workforce study, thisyear your board has chartered a 10 year ambitious,plan of scale for HMR sector, initiated the firstweb-based mentor match up scheme free forASMR member mid career researchers andcontinued its core business of fostering careerdevelopment and advocating HMR by publicoutreach events of ASMR’s Medical ResearchWeek ®.

It has been what I would describe as an extremelyproductive year, and reproductive, with three of yourexecutive directors having babies. Which just goes

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to show that one can have their cake and eat ittoo! Research, Advocacy and Family!!!

It has been my pleasure serving you as thePresident, an appointment I have wholeheartedlyloved!

Thank you and best wishes.

Dr Sarah MeachemNovember 2009

Agenda - Annual General Meeting

Hotel Grand Chancellor, Hobart 16th November 2009, 10:00-11:00am

Item 1. Welcome and Apologies, Dr Sarah Meachem

Item 2. Confirmation of Minutes, 19th November, 2 008, Dr Sarah Meachem

Item 3. President’s Report, Dr Sarah Meachem

Item 4. Treasurer’s Report, Dr Alison Butt

Item 5. ASMR Research Fund, Dr Alison Butti) Announcement of Award Winners 09ii) Award Winner (D) 2008, AMohamedaliiii) Award Winner (I) 2008, Dr Louise Dunn

Item 6. Subcommittee Reports -a) Research Careers

i) Workforce Survey and Mentor Program, Dr Emma Parkinson-Lawrenceii)Continuing Professional Development, Dr Emma Parkinson-Lawrence

b) Membership, Dr Paul Dawsonc) Newsletter, A/Prof Andrew J Brownd) ASMR MRW Week®, Dr K Andrewse) Media, Dr Kristen Nowakf) State Reports, Dr Sarah Meachemg) NSC 2009, A/Prof Martin Delatyckih) AHMRC 2010, Dr Rosemary Keogh

Item 7. Other Business, Dr Sarah Meachem

Item 8. Directors and Office Bearers, 2010 - Dr Alison Butt

Honorary Secretary, Dr E Parkinson-Lawrence

ASMR thanks Major NationalSponsors of

ASMR Medical Research Week®,2009

National Award Sponsor

BG FirkinAP SkyringRP ShearmanG ArcherJ McRaeAWT EdwardsMR PlayoustPJ NestelPJ NestelPA CastaldiJR TurtleTJ MartinWJ O’SullivanJK HealyJP ChalmersAA MorleyNG ArdlieA BastenJW FunderGG DugginRL DawkinsJK FindlayJA EismanJA WhitworthBM HallGC FarrellRL SutherlandJG McDougallNH HuntJJ Finlay-JonesMJ FieldPH HartWD TilleyCL ClarkeS ClarkG MannK ScottS WesselinghMT GillespieR RamsayPD O’LoughlinPR SchofieldMA ClayAH SinclairBA KingwellLM KhachigianM KavallarisMD HulettS J Meachem

19611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007

20082009

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PAST PRESIDENTS

November 15, 2008Dr Mark HulettDr Sarah MeachemDr Alison ButtDr Emma Parkinson-LawrenceDr A ndrew J BrownDr Andrew LaslettDr Rosemary KeoghDr Paul DawsonA/Prof Martin DelatyckiProf Fabienne MackayDr Kristen NowakDr Kathy Andrews

March 2, 2009Dr Sarah MeachemDr Emma Parkinson-LawrenceDr Andrew J BrownDr Paul DawsonA/Prof Martin DelatyckiDr Rosemary KeoghDr Andrew LaslettProf Fabienne MackayDr Kristen NowakDr Alison ButtApologies: Dr Kathy Andrews

July 31, 2009 - ExecutiveDr Sarah MeachemDr Alison ButtDr Emma Parkinson-LawrenceDr Kristen Nowak (tel)

September 4, 2009 - ExecutiveDr SarahMeachemDr Emma Parkinson-LawrenceDr Kristen Nowak (tel)Dr A Butt (tel)

September 21, 2009Dr Sarah MeachemDr Emma Parkinson-LawrenceA/Prof Martin DelatyckiDr Paul DawsonDr Andrew J BrownDr Kristen NowakDr Rosemary KeoghDr Andrew LaslettDr Kathy AndrewsDr Kristen Nowak (tel)Apologies: Dr Alison Butt Prof Fabienne Mackay

Board Meetings - Attendance byDirectors

MINUTES OF THE ANNUAL GENERAL MEETING OF THE AUSTRALIAN SOCIETY FOR MEDICALRESEARCH, HELD AT THE BRISBANE CONVENTION CENTRE, QLD ON NOVEMBER 19, 2008

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Government has been strongwith a 5-fold increase inNHMRC funding. The recentglobal economic slowdownpresents many challenges forAustralia, and will almostcertainly produce budgetarypressures. The HMR sectorwill not be immune to thesepressures, and in light of theimpending completion of thecurrent NHMRC funding cyclein 2010/11, we need to ensurethat the value of HMR iscrystallized in the minds of thepublic, politicians and policymakers. Now more than ever,we must campaign for thesustained support of HMR, orrisk losing the significantinvestment made to date, andthe continued health andeconomic returns to Australia.To this end, ASMR has beencampaigning tirelessly thisyear and in recent months, hasincreased its lobbying effortswith a series of meetings inCanberra with key ministers,advisors and staff, ranging fromthe departments of Health andAging, to Treasury andFinance. Rest-assured thatASMR will continue theintensive lobbying efforts in thelead up to the next federalbudget.

The recent change of federalgovernment presented ASMRand the HMR sector with freshchallenges this year. It waspleasing to see that theplanning for the long-termfuture of health, education, andinnovation in Australia was highon the agenda of the Ruddgovernment. The year saw asuite of reviews to addressfuture strategic directionsacross a number of areas thatare likely to impact on howHMR is structured and fundedin Australia. These included

the Australia 2020 Summit, TheNational Innovation Review,The Bradley Review of HigherEducation, the PreventativeHealth Taskforce, and theInquiry into the Effects ofClimate Change on Trainingand Employment Needs.ASMR has made submissionsto many of these reviews andwe are awaiting the findings ofmost. However, the results ofthe National Innovation Reviewhave recently been made publicand have important implicationsfor the HMR sector. Amongstthe 72 recommendations toimprove Australia’s R&D sectorwere: - the urgent restoration ofpublic funding levels forresearch, with the suggestedlong-term goal that by 2020,Australia should be ranked inthe top quartile of OECDcountries for expenditure (Ishould note that in 1993/4Australia’s spending peaked at0.75% of GDP but by 2007/8had dropped to 0.55% GDP)- a transition to the full fundingfor the cost of research inuniversities and governmentresearch agencies followingthe recognition that grantsoften only cover ½ of the costs,- the prioritisation of publicresearch to a number of areasincluding health,- a re-devised series of R&Dtax concessions for privatebusiness,- the formation of a NationalInnovation Council to co-ordinate and provide strategicleadership for the innovationsystem,- and increasing the stipend forAustralian PostgraduateAwards to at least $25k,indexing it to average wages,and extending its duration to 4years.Overall, I believe the HMR

Item 1. Welcome andApologies, Dr Mark Hulett

In the presence of the requiredquorum, Dr Hulett openedthe meeting at 12:30pm,welcoming all present andannouncing apologies fromAssociate Professor MartinDelatycki, Dr Moira Clay andProfessor Nick Hunt.

Item 2. Confirmation ofMinutes, Wednesday 12thNovember, 2007, Dr MarkHulett

Dr Sarah Meachem movedthat the Minutes of the Meetingof November 12 2007 beaccepted as a true andaccurate reflection of thatMeeting; seconded by DrAlison Butt.

Item 3. President’s Report,Dr Mark Hulett

Dr Hulett advised that it hasbeen a great honour andprivilege to represent ASMRas its President this year.2008 has been a challengingand busy year for the society.ASMR has a wonderfully richhistory and a highly respectedtrack record in advocating thevalue of health and medicalresearch in Australia. In thattradition, “I am confident thatASMR has served its membersand the HMR community wellthis year”. We have initiatedand continued to build on anumber of important projectsthat have enhanced the profileand progressed the cause ofHMR.The next few years representa pivotal period for the future ofAustralian HMR. Over the pastdecade Australia has enjoyedsolid economic growth, andsupport from the Federal

AGM Minutes(continued)

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sector should welcome theserecommendations. However, aclose eye will need to be kepton the Excellence in ResearchAustralia driven funding ofUniversity block grants,particularly with regard todetermining the balancebetween basic and appliedresearch and the potentialbarriers to encouragingexternal collaborations. Awhite paper is expected by theend of the year and it will beinteresting to see how manyof the above listed issues willbe tackled in the context of thecurrent economic climate.

This year the NHMRC alsounderwent an external reviewof its strategic directions andfunding mechanisms, andASMR along with otherstakeholders, had theopportunity to contribute to thediscussion process. Amongstthe many important issues, isthat of the future structure andfunding levels for the NHMRCfellowship schemes. The totalnumber of fellowships hasincreased significantly since2002, and the suggestion hasbeen that the scheme isbecoming unsustainable.However, it should be notedthat the proportion of NHMRCfunding directed towardsfellowships has remained fairlyconstant at around 20 to 22%during this period. Thus theratio of people versus projectfunding has essentially notchanged over the past 5 years- with the increase in fellowshipnumbers followingproportionally the increase intotal funding. Achieving thecorrect balance betweenNHMRC funded people andproject grant support, as wellas clearly defining careerstructure in the system, is akey issue for the HMR sector

into the future. ASMR ismaking every effort to workwith NHMRC to address thisimportant issue.

You are all no doubt also awareof the concerns about potentialchanges to the NHMRCFellowship scheme, andissues of the governance ofNHMRC, that have recentlybeen raised by NARFPresident, Phil Robinson.ASMR is currently formulatingan official position from the newboard. I will welcome commentfrom the floor at the end of thisreport.

The recent economic downturnhighlights the need for theHMR sector to securestrategies for long-termsustainable funding. Thecurrent funding models inAustralia are cyclical andvulnerable to fluctuation. A well-defined sustainable fundingplatform would ensure that theHMR sector is safeguardedfrom funding troughs, continueto achieve a high internationalstandard, and deliver thenecessary health andeconomic outcomes forAustralia. Last year the ASMRheld an important forum “TheFuture of Medical Research:Sustainable Funding Model”,and this year we have beenfollowing-up on the outcomesby researching sustainablefunding models for theAustralian HMR sector. Thesehave included the innovativeFramework 7 reforms of theEuropean Union, where R&Dinvestment in science hasbeen committed to reach 3%of GDP by 2010 (with one thirdof funding from the publicsector and two thirds fromprivate sources). Such amodel would be attractive forAustralia and possibly theAsia-Pacific region. To achievethis goal, the public sector willclearly be required to play a

key ongoing funding role,however it will be critical tobuild better collaborativepartnerships with industry andto attract enhanced local andinternational philanthropicsupport. The ASMR will becontinuing to drive thisimportant initiative forwardthrough focused discussionwith government, industry andphilanthropic bodies.

The necessity to present arobust-evidence-based casefor continued and increasedinvestment in HMR isessential, and is particularlyrelevant at present with theexpected budget pressures.This year ASMR has devoteda significant effort to generatingand packaging quantitativedata for dissemination on: - the economic value ofinvestment in HMR - the perceptions of the HMRworkforce on career structureand conditions - and the implications oncareers and researchoutcomes of the inability to fullyfund research in the context ofthe effect of the monetary gapbetween host institutionsalaries and the NHMRCpersonnel salary packages/fellowships.Dr Hulett briefly summarisethe results of each of theseimportant initiatives.

ASMR launched “ExceptionalReturns II: The value ofInvesting in Australian HealthR&D” this year during ASMRMedical Research Week® onJune 4 at the National PressClub in Canberra. This ASMRcommissioned AccessEconomics study followed thelandmark 2003 report“Exceptional returns I” andestimated the economic valueof Australian Investment inHMR R&D following the recentfunding increases, andincluded case studies of 4

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AGM Minutes(continued)

specific examples of well-beingreturns to Australia in theimportant areas of diabetes,dementia, cancer, andindigenous health. It ispleasing that the studydemonstrates the continuedexcellent health and economicreturns on investment in theAustralian HMR sector, andhas been well received to dateby all stakeholders. The keyfindings of the report include:* Australian Health R&Dexpenditure between 1992/3and 2004/5 was estimated toreturn a net benefit of around$29.5 billion dollars - and for adollar invested in Australianhealth R&D, an average of$2.17 dollars in health benefitsis returned, with a minimum of$0.57 and maximum of $6.* And comparing the returns oninvestment with other sectors,health R&D out performs themarket, manufacturing andagricultural sectors, and is lessonly than mining and the retail/wholesale trade sectors

The figures are also impressivefor the specific case studies -I won’t go into detail now butplease see the report if you areinterested.

The new report also indicatesthat although the greatestburden of disease remainscancer and cardiovasculardisease, non-fatal diseasesalso play a significant andincreasing role in the burdenof disease and the years ofhealthy life lost due todisability. In particular, theprojected cost and impact ofthe chronic diseases of agingis forecast to present achallenging burden and thegreatest hope is new R&Dbreakthroughs. It is clear thatAustralia has a comparativeadvantage in health R&D given

the levels of discovery, theoutput and quality ofpublications, and itsdemonstrated impressivetranslational outcomes. Inaddition to the “goodi n t e r n a t i o n a l c i t i z e n ”arguments, the new reportprovides strong economicreasons for sustaining andenhancing health R&Dinvestment in Australia.

I encourage all ASMRmembers to read the full reportand to disseminate the keyfindings at every opportunity tothe public and politicians (wehave copies of the report hereat the AGM and a mountain atthe ASMR booth in the tradedisplay, so please collect acopy or two or three). I wouldlike to thank Lynne Pezzullo,Henry Cutler and the AccessEconomics team for theiroutstanding work on the report- Maria Kavallaris, Moira Clay,Cath West and the ASMRNational Executive for theirvaluable input, Sir Gus Nossalfor helping to launch the reportand to sell its key messagesaround Australia during hisASMR medallist tour, and themany supporters in the HMRsector who providedsponsorship to help fund thisimportant study.

A highly skilled and adaptableworkforce has underpinned thesuccess of the Australian HMRsector. Although there hasbeen long-standing anecdotalevidence on a growingdissatisfaction among theAustralian HMR workforce inregards to job security andfunding opportunities, there issurprisingly very littlesupporting quantitative data. InMay this year the ASMRpublished a study in theMedical Journal of Australiatitled: “Perceptions of Healthand Medical ResearchCareers: The Australian

Society for Medical ResearchWorkforce Survey”. This resultwas the culmination of asignificant long-term projectthat was initiated in 2006 underthe Presidency of LevonKhachigian and continued bythe 2007 National boardheaded by Maria Kavallaris.The web-based survey of nearly400 ASMR members gaugedviews on career and fundingopportunities, salary andquality of working environment.The key findings indicate thatemployment insecurity andperceived lack of a sustainablecareer structure are causingconsiderable anxiety amongAustralian HMRs. It is vital thatwe continue to attract andretain our best and brightestresearchers, and theseperceptions clearly suggestthat a review of current peoplesupport policies are required.The quantitative data is beingused by the ASMR to press forimproved policy and careerstructures for AustralianHMRs. As I mentioned,achieving the correct balancebetween funding for peopleversus direct research projectsupport is a critical issue forthe future, and one of the keyobjectives of ASMR headinginto 2009. I would like toacknowledge our collaboratorsfrom the University ofQueensland, particularly PaulBoreham and Warren Laffan;and the ASMR team thatcontributed to this importantproject; Levon Khachigian,Maria Kavallaris, SarahMeachem, Cath West (MsWest notes that Mark Hulettis also an acknowledgedauthor), as well as Moira Clay,Phillip Robinson and ProfJudith Whitworth for theirhelpful advice. Please see theASMR website for thepublished Workforce Surveyarticle.

In response to the concerns of

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AGM Minutes(continued)

ASMR members regarding thegrowing salary gap betweenhost institutions and NHMRCPersonnel Salary Packagesand Fellowships, the ASMRconducted an online survey inApril this year to gatherquantitative data on the extentand effect of the monetary gap.The results paint a disturbingpicture of the negative effectthat the gap is having on theHMR sector. Thanks toKristen Novak for her greatwork in driving this project. Iwould also like to acknowledgethe support of the WesternAustralian Institute for MedicalResearch with the onlinesurvey.

ASMR Medical ResearchWeek® is one of our premierevents each year andshowcases HMR to the nation.This year ASMR MedicalResearch Week® was anotherresounding success, as youwill hear in a moment fromKristen Nowak. Briefly, anoutstanding series of state andnational scientific, public andpolitical outreach events wereconducted over the week. Allwere well attended andsuccessfully promoted thesignificant benefits of HMR tothe nation. Just prior to theweek, ASMR also published a2-page spread in the Australiannewspaper highlighting eventsof the week and the excitingresearch of some of Australia’sleading HMRs. Mediamonitoring indicated that theHMR message generated fromthe week of activities reachedan impressive 12.5 millionpeople.

ASMR was honoured to haveSir Gus Nossal as the 2008Medallist, and his nationwidetour was one of the highlights

of ASMR Medical ResearchWeek®. Sir Gus is one ofAustralia’s most respectedscientists and a greatchampion of HMR. Covering 7cities in 9 days, Sir Gus gaveinspiring addresses at each ofthe state dinners and to anational TV audience at thePress Club in Canberra. Onbehalf of ASMR I would like toextend our sincere thanks toSir Gus for his outstandingefforts in promoting HMR overthe week.

ASMR Medical ResearchWeek® would not be possiblewithout the hard work of ouramazing state committees andnational board of directors, aswell as the support of ourmembers, friends and affiliates.I would especially like toacknowledge each of the Statecommittees and theirconvenors, national directorsKristen Novak (MRWconvenor), Rosemary Keogh(State convenor), EmmaParkinson-Lawrence (Mediaconvenor), ASN events forcoordinating the dinner events,and the tireless ASMRexecutive-office team of CathWest and Priscilla Diment.

The ASMR is dedicated tosupporting the careers ofHMRs and held a nationalProfessional DevelopmentProgram in August this year.The program followed thesuccessful inaugural event in2007 and was aimed atproviding much-needed trainingfor mid-career researchers. AsAndrew Laslett will detail in amoment, the road show wasexpanded this year andincluded for the first time,events in Perth and Adelaidein addition to Brisbane,Sydney and Melbourne. I amhappy to say that the successof the program means it willnow become an ASMR fixturein the future. Thanks to the

wonderfully talented MoiraClay for facilitating, SophieSymeou for leading the work/life balance workshops,Andrew Laslett for conveningand organising the entire event,Sarah Meachem forcontribution to the speakerprogram, ASN Events forlogistical support, and all thefantastic researchers whogenerously gave their time totalk to the participants.

ASMR has also launched anew initiative this year to helpfurther advance the careers ofHMRs - the CareerDevelopment Mentor Program.The program has beendeveloped in response to thedisturbing statistic highlightedduring the professionaldevelopment program, thatover 50% of mid-careerresearchers do not have amentor. The program offersASMR members, 5-12 yearspostdoctoral an opportunity tobe matched with a careerdevelopment mentor.Guidelines and applicationsare available on the ASMRwebsite. Thanks to SarahMeachem and Cath West forgetting this important programrunning this year. I have nodoubt that the scheme willbecome one of ASMR’sflagship programs andrepresents yet another greatservice available to ASMRmembers.

In 2002 the ASMR initiated thebiennial Australian Health andMedical Research Congress(AHMRC) to promotemultidisciplinary interactionsand collaborations in HMR. Theinitiative has been highlysuccessful, and the AHMRChas now grown to become thelargest HMR multidisciplinarymeeting in Australia. This isthe 4th Congress, and the firsttime it has been held inBrisbane, and I’m sure you’ll

agree that that it has been agreat meeting so far - with atruly outstanding scientificprogram. A huge amount ofwork has gone into theorganization of a meeting ofthis size. Thanks to thecongress convenor Alison Butt,the congress programconvenor Greg Anderson, theconvenor of the ASMR NationalScientific Conference,Alejandro Lopez, and theirhard-working committees. Abig thanks also to the ASNEvents team, headed by DrMaree Overall, for coordinatingthe Congress - a massive taskthat ASN perform outstandinglyevery 2 years.

Each year the ASMR ResearchFund Awards are madeavailable for junior researchersto travel to undertakecollaborative research. Thisstandard of the applicants thisyear was again high and it’smy pleasure to announce twoawards today:- The first is to Louise Dunn ofthe Heart Research Institute,who will travel to the StandfordUniversity School of Medicineto work with John Cooke, andlearn new animal models forthe examination of vascularfunction and endothelialprogenitor cell mobilization.- And the second is to AbidaliMohamedali of the Children’sMedical Research Institute atWestmead, who will travel toMelbourne to conductresearch into mitochondrialdysfunction in Rett Syndromein two laboratories, those ofDavid Thorburn at the MurdochChildren’s Research Institute,and Mike Ryan at La TrobeUniversity. Dr Hulett extendedcongratulations and bestwishes to the winners.ASMR has grown significantly

over the past decade and isnow a complex multi-layeredorganisation and one of thelargest societies in AustralianHMR. Having the opportunityto represent the society as itsPresident this year has beena great honour. I would justlike to close by thanking themany people and organizationsthat contributed to the runningof ASMR this year. Firstly, Iwould like to acknowledge theASMR members, affiliate andsupporting organizations thatmake up the fantastic “ASMRfamily”. Thanks to all the pastASMR presidents for providinginvaluable support and advicethroughout the year, and Iwould particularly like toacknowledge Rob Ramsey,Levon Khachigian, MariaKavallaris, Matt Gillespie,Peter O’Loughlin and MoiraClay. The ASMR statecommittees are the backboneof the society - thanks to allthe talented convenors andtheir committees for all the hardwork and achievements thisyear. ASN Events have beenof great support over the yearwith many ASMR functions -thanks to Maree Overall andMike Pickford for theircontinued professionalism andenthusiasm.

We are grateful to The RoyalAustralasian College ofPhysicians who generouslyprovides office space for theASMR Executive Office.

Finally, I would like to thank theASMR board and Executive fortheir support and unwaveringcommitment to ASMRthroughout the year. ThePresident-Elect, SarahMeachem, has workedtirelessly this year, and I thankher for her help and dedicationto the cause. I pass on thePresidency to Sarah with everyconfidence that ASMR is ingreat hands. The ASMR

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executive office of Cath Westand Priscilla Diment provide theheartbeat of the society - theyare multi-talented and handlea demanding workload thattakes enormous dedication -often beyond the call of normalduty! I would especially liketo thank Cath for her guidance,friendship and supportthroughout the year.

Dr Hulett concluded bythanking all present for theirattention, and wished thesociety and its members allthe very best for the future.

Prof Judy Black raised aquestion from the floor inrespect of NHMRC governanceand a list of priorities she hasviewed which are different tonational research priorities. DrHulett replied that he has notseen this list but that ASMRsupports consultation andtransparency in thegovernance of NHMRCparticularly on importantissues and that the matter ofconsultation and transparencywill be pursued.

Item 4. Treasurer’s Report,Dr Sarah MeachemDr Sarah Meachem referred tothe audited FinancialStatements contained withinthe Annual Report. Sheadvised that the Society issolvent and that the figuresreflect increased turnovermainly due to the AccessEconomics Report and othersponsorship income to beexpended in 08/09. In essenceASMR is tracking alongsimilar lines to 2007. Dr EmmaParkinson-Lawrence movedthat the ASMR auditedaccounts be accepted;seconded by Dr Alison Butt.

Item 5. ASMR ResearchFund, Dr Sarah MeachemDr Meachem again referred tothe audited reports advising

that the net income for the yearafter payment of the Awards($7,000) to the 2007 winnersAdele Lehane and Di Yu, is$894.00. A/Prof MariaKavallaris moved that theaudited reports be accepted;seconded by A/Prof RobRamsay.i) Research Award Winner, (Domestic) 2007, Adele LehaneThe ASMR Research Awardfunded work on the humanmalarial parasite and themechanism by whichVerapamil causes delayeddeath. Ms Lehan advised thatshe spent time in the laboratoryof Prof Geoff McFadden at theUniversity of Melbourne workingwith Dr Dean Goodman. Anumber of new hypotheseshave been formulated and thecollaboration is ongoing. MsLehane thanked the Society forthe Award.ii) Research Award Winner (International) 2007, Di YuMr Yu thanked the Society forthe Award which allowed himto work with A/Prof Chang-Zheng Chen, Department ofMicrobiology & Immunology,Stanford University School ofMedicine. The project“microRNAs as noveltherapeutic tools inautoimmunity” is part completeand is to be finalized in 2009.

Item 6. SubcommitteeReportsa) Research Careers i) Workforce Survey and Mentor Program, Dr Sarah MeachemDr Meachem reiterated that theWorkforce Survey waspublished in the MJA early in2008 and is currently availablefrom the ASMR web-site. Shereferred to the new Career

Development Mentor schemefor mid career researchers.The service is free to ASMRmembers. At the presenttime, matching mentors andmentorees is being donemanually but it is hoped tomove to a web-based systemin the coming year. Sheinvited members to explorethe information on the ASMRweb site.ii) Continuing ProfessionalDevelopment, Dr AndrewLaslettDr Andrew Laslett reportedthat feedback on the programhas been favourable. Heencouraged anyone withideas for themes or topics tocontact him. He thanked allthose who contributed to theevents.b) Membership, Dr PaulDawsonDr Dawson reported thatnumbers are quite strongwith about 1500 memberscurrently. He advised thatASMR will continue to seekimprovement in membershipnumbers particularly inTasmania.c) Newsletter, Dr Andrew JBrownDr Brown advised that thereare three editions per annum,in 2008 these were in April,August and November. Hereferred to the historicalperspectives of the Society inthe last two editions providedby Sir Gus Nossal and ProfPeter Castaldi and of his hopethat this will continue into2009. Dr Brown requestedinput and ideas from themember in respect of theNewsletter.d) ASMR MRW Week®, DrKristen NowakDr Nowak referred to MarkHulett’s summary of eventsduring the week. Shethanked national and statesponsors, Dr RosemaryKeogh, Cath West, PriscillaDiment, Maree Overall, Clair

Ciantar, Mike Pickford as wellas the dedicated stateconvenors, committees,directors, members andfriends.e) Media, Dr EmmaParkinson-LawrenceDr Parkinson-Lawrencereiterated that there were over200 media hits reaching12.5M Australians duringASMR MRW® and advisedthat the AHMRC has attractedimmense interest withtelevision, radio, print andinternet coverage. DrParkinson-Lawrence thankedCath West, Priscilla Diment,Executive and Directors fortheir support.g) NSC 2008, A/Prof JAlejandro LopezA/Prof Lopez reported thatthe ASMR has 212 registrantsto the National ScientificConference and is conducting9 Symposia within theframework of AHMRC. TheAWT Edwards Orator is ProfFiona Stanley and the FirkinOrator Prof Michael Karin. A/Prof Lopez thanked his hardworking committee, particularlyDrs Kathy Andrews and StuartMacGregor. He expressedthe hope that all attending willenjoy the program.h) AHMRC 2008, Dr AlisonButtDr Alison Butt advised thatthere are 1450 registrants tothe AHMRC. She thanked theBoard of Directors for theirinvolvement and support aswell as Cath West, PriscillaDiment and made a specialand personal thank you to DrMaree Overall and her team.i) NSC 2009, A/Prof MartinDelatyckiIn the absence of AssociateProfessor Martin Delatycki,Dr Kristen Nowak reportedthat the National ScientificConference of the Society,“Neurogenetics on the AppleIsle” is to be held in Hobart,November 15 to 17 2009 at

AGM Minutes(continued)

10

The Grand Chancellor Hotel.

Item 7. Other Business, DrMark HulettDr Hulett called for questionsor ‘other business’ from thefloor; there being no questionsor business raised, Dr MarkHulett handed the Meeting tothe incoming 2009 Presiden,Dr Sarah Meachem.

Item 8. Directors andOffice Bearers, 2009, DrSarah MeachemDr Meachem presented DrMark Hulett with the PastPresident’s badge offeringcongratulations on hispresidency and thanking himfor his mentoring throughoutthe year.Dr Sarah Meachemannounced Portfolios for theASMR Board of Directors2009 –Dr Alison Butt - President-elect and Hon TreasurerDr Emma Parkinson-Lawrence - HonorarySecretary and CareerDevelopmentDr Kristen Nowak - ExecutiveDirector and MediaDr Rosemary Keogh -AHMRC 2010Prof Fabienne MackayBusiness DevelopmentDr Andrew Laslett - ASMRMRW, assisted by Dr KathyAndrewsDr Andrew Brown - NewsletterDr Paul Dawson -MembershipA/Professor Martin Delatycki -Clinical Issues/NSC 2009Dr Kathy AndrewsAssisting Media and MRW

Dr Meachem advised that sheis thrilled and delighted to betaking on the role of Presidentof ASMR in 2008/9. Sheadvised that the Society will

continue the core business ofpublic, political and scientificadvocacy, fostering careerdevelopment, continuing toprovide professional training,ASMR Medical ResearchWeek® programs, NSC andAHMRC. With ASMR’s eyesto the long-term future we areresearching a well evidencedand innovative policy reformdocument for sustainablefunding of HMR in Australia.Our immediate sights are seton the May 09 FederalBudget and the very important2010 Budget.

There being no furtherbusiness, Dr Meachemclosed the meeting at 1:30pm

............................Dr Mark Hulett

...........................Dr Sarah MeachemNovember 2008

ASMR ResearchAwards

There are two annual ASMRResearch Award -

one specifically to conductresearch in an overseas

laboratory ($5,000)and

one specifically to conductresearch in an Australian

laboratory ($2,000) outsidethe recipient’s home city.

Applications available early2010

Award Winners

2000 Miss Raelene Lim

2001 Dr Patricia Mote

2002 Ms Vanessa Murphy

2003 Ms Mary Kavurma

2004 Dr Richard Allen

2005 Dr Gabrielle Todd

2006 Ms El Sutcliffe (D)Elke Hacker (I)

2007 Ms A Lehane (D)Dr Di Yu (I)

2008 A Mohamedali (D)Dr Louise Dunn (I)

2009 Siobhan Schabrun (I)Daniel Johnstone (D)

ASMR urges members toconsider donating to the

Fund when payingMembership Subscriptions.

AGM Minutes(continued)

11

St. Clair partners, Chartered Accountants & Business Advisors, 15th Level, 109 Pitt Street, SydneyT: 02 9221 4088 F: 02 9221 7498, E: accountants@stclairco.com.au, www.stclairco.com.au,

THE AUSTRALIAN SOCIETY FOR MEDICAL RESEARCHA.B.N. 18 000 599 235

FINANCIAL ACCOUNTS AS AT 30TH JUNE 2009-2009 ANNUAL REPORT

CONTENTSCouncil Report

Independent Auditors’ ReportAuditors’ Independent Declaration

Directors’ DeclarationConsolidated Profit and Loss Statement

Consolidated Balance SheetNotes to the Financial Statements

Consolidated Statement of Cash Flows Department of Health and Ageing – Profit and Loss Statement

National Health and Medical Research Council – Profit and Loss Statement ASMR Research Fund - Financial Statements

COUNCIL REPORT FOR THE YEAR ENDED 30TH JUNE 2009The directors present the accounts of the Society for the year ended 30th June 2009.

1. The Directors of the Society at the date of this report are:President Dr Sarah MeachemPresident-Elect/Hon Treasurer Dr Alison J ButtHonorary Secretary Dr Emma Parkinson – LawrenceExecutive Director Dr Kristen NowakDirectors Dr Kathy Andrews

Associate Professor Andrew BrownDr Paul DawsonAssociate Professor Martin DelatyckiDr Rosemary KeoghDr Andrew LaslettProfessor Fabienne Mackay

Snr Executive Officer Catherine West

2. The principal activities of the Society during the course of the financial year were the promotion ofinterest and support for medical research in Australia.There were no significant changes in the nature ofthose activities during that period.3. During the period the Society’s activities resulted in a consolidated operating surplus in the amount of$30,788. At the end of the financial year the Society had net assets of $782,680. There were no significantchanges in the state of affairs of the Society during the financial period. The Society’s accounting policyis on an accruals basis. Accordingly the comparative figures reflect the accruals basis of accounting.During the year, events management was undertaken by ASN Events Pty Limited, on behalf of theSociety. On an accruals basis, they have reported net assets of $88,232, a turnover of $204,654 and anet loss of $12,507, after taking into consideration other interest income in the sum of $5,272. This year,the Australian Health & Medical Research Congress Unit Trust reported net assets of $104,096, a turnoverof $752,418 and a net loss of $178,129, after taking into consideration other interest income in the sumof $20,743.4. Since the end of the financial year no matter of circumstance has arisen which has significantlyaffected, or may significantly affect the operations of the Society, the results of those operations or thestate of affairs of the Society in any subsequent financial years.5. The Society’s branch accounting is undertaken by the National Office.6. The financial report is a general purpose financial report that has been prepared in accordance withAccounting Standards, Australian Accounting Interpretations and other authoritative pronouncements ofthe Australian Accounting Standards Board and the Corporations Act 2001 (as amended). The AustralianSociety for Medical Research complies with all Australian equivalents to International Financial ReportingStandards (IFRS) in their entirety.

12

COUNCIL REPORT FOR THE YEAR ENDED 30TH JUNE 2009 (continued)

7. Since the date of incorporation, no office bearer has received or become entitled to receive a benefit(other than a benefit included in the aggregate amount of emoluments or due and receivable by officebearers shown in the accounts or the fixed salary of a full-time employee of the Society) by reason of thecontract made by the Society with the office bearer or with a firm of which he/she is a member, or with acompany in which he/she has a substantial financial interest. This report is made in accordance with aresolution of the Council.

Dr Sarah Meachem Dr Alison ButtPresident/Director Honorary Treasurer

Dated this 5th day of November 2009 at Sydney, New South Wales.

INDEPENDENT AUDIT REPORT

To the Council of THE AUSTRALIAN SOCIETY FOR MEDICAL RESEARCH A.B.N. 18 000 599 235ScopeWe have audited the financial report of The Australian Society for Medical Research for the year ending30th June, 2009. The board of Directors are responsible for the financial report. We have conducted anindependent audit of the financial report in order to express an opinion on it to the board of Directors.

Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonableassurance whether the financial report is free of material misstatement. Our procedures includedexamination, on test basis, of evidence supporting the amount and other disclosures in the financialreport, and the evaluation of accounting policies and significant accounting estimates. These procedureshave been undertaken to form an opinion whether, in all material respects, the financial report is presentedfairly in accordance with Accounting Standards and other mandatory professional reporting requirementsso as to present a view which is consistent with our understanding of the financial position of TheAustralian Society for Medical Research and the results of its operations and its cash flows. The auditopinion expressed in this report has been formed on the above basis.

QualificationThe Society has determined that it is impractical to establish control over the collection of sponsorshipsand donations, prior to entry into its financial records. Accordingly, as the evidence available to usregarding revenue from these sources was limited, our audit procedures with respect to sponsorshipsand donations pledged had to be restricted to amounts recorded in the financial records.

Qualified Audit opinionIn our opinion except for the effects on the financial report of such adjustments, if any, as might have beenrequired had the limitation on our audit procedures referred to in the qualification paragraph not existed,the financial report presents fairly in accordance with applicable Accounting Standards and other mandatoryprofessional reporting requirements, the financial position of The Australian Society for Medical Researchas at 30 June, 2009 and the results of its operations and its cash flows for the year then ended.

St. Clair partnersChartered Accountants

Paul St. Clair, FCAPartnerDated this 5th day of November 2009 at Sydney, New South Wales.

13

AUDITORS’ INDEPENDENT DECLARATION

To the Council of THE AUSTRALIAN SOCIETY FOR MEDICAL RESEARCH A.B.N. 18 000 599 235

In relation to my audit of the financial report of The Australian Society for Medical Research for the yearended 30th June, 2009, I declare that, to the best of my knowledge and belief, that there have been:(a) no contraventions of the auditor independence requirements of the Corporations Act 2001 (as amended)in relation to the audit; and(b) no contravention of any applicable code of professional conduct in relation to the audit.This declaration is in respect of The Australian Society for Medical Research during the period 1st July2008 to 30th June, 2009.

St. Clair partnersChartered Accountants

Paul St. Clair, FCAPartner

Dated this 5th day of November 2009 at Sydney, New South Wales.

DIRECTORS’ DECLARATION

In accordance with resolution of the Directors of THE AUSTRALIAN SOCIETY FOR MEDICAL RESEARCH,we state that in the opinion of the Directors;

(a) the Consolidated Profit and Loss Statement and Other Profit and Loss Statements of the AustralianSociety for Medical Research are drawn up so as to give a true and fair view of the results of the Societyfor the year ended 30th June, 2009.(b) the Consolidated Balance Sheet of the Australian Society for Medical Research are drawn up so as togive a true and fair view of the state of affairs of the Society as at 30th June, 2009; and(c) there are reasonable grounds to believe that the Australian Society for Medical Research will be ableto pay its debts as and when they fall due.

In the opinion of the Directors, the Society is not a reporting entity and the accounts of the Society havebeen made out as a General Purpose Financial Report in accordance with the policies set out in Note 1.

This Statement is made in accordance with the resolution of the Board of Directors and is signed for andon behalf of the directors by:

ON BEHALF OF THE BOARD

Dr Sarah Meachem, President/Director Dr Alison J Butt, Honorary Treasurer

Dated this 5th day of November 2009 at Sydney, New South Wales.

14

ASMR Consolidated Profit and Loss Statement - For the year ended 30 June, 2009

2009 2008 $ $

IncomeAdvertising 1,405 6,796Donations 940 48,766

Interest Received 30,178 27,948 MRW Events 33,009 11,123

Membership Fees 129,690 122,783 Sponsorship - General 292,055 405,440

Events Income - -Sundry Income 685 2,213

Total income Note 2 487,962 625,069

ExpensesAccounting Fees 1,817 1,463Advertising 2,075 14,121Annual Report & Distribution 750 638Auditing Fees Note 3 6,137 6,423Bank Charges 2,202 1,447Committee & Workshops 1,948 1,752Computer/ EDP 3,737 4,991Consultants & Market Research 3,223 -Depreciation 1,229 3,305Dinners/Meetings MRW Events 73,826 65,923

Directors Meeting Costs 9,252 14,850 Entertainment 1,348 1,902

Executive Meeting Costs 2,134 1,447Education/ Awards/Prizes 76,186 67,832

Filing Fees 1,657 326General Expenses 4,662 5,740Guest Speaker 15,887 178Hire of Equipment 4,620 5,339Insurance 4,684 6,661Legal Costs - 311Media Co-ord/ M’mnt/ Admin MRW 52,821 51,098

Lobbying 18,661 114,840MRW General 3,045 2,518Member Communication 2,108 2,013National Scientific Conference 78 -Newsletters 11,437 10,589

Printing, Stationery, Postage 8,110 9,280Public Relations 22,982 8,494Research Careers 4,880 2,893Aust Health & Medical Research Congress 7,480 419Provision for LSL 1,555 1,654Secretarial Services 83,690 88,664State Branch Expenses - -Subscriptions 3,002 4,290Superannuation 7,242 7,086Telephone/Fax/Email 2,709 4,491

Total expenses 457,174 512,978

Operating Surplus / (Deficit) 30,788 112,091

15

ASMR Consolidated Balance Sheet As at 30 June, 2009

2009 2008 $ $

Current AssetsCashDeposit Account 149,240 140,673Cash At Bank - General Account 95,302 126,674Funds At Call - Cash Management 563,202 472,243Cash on Hand 100 100Advances - ASN Events Pty Ltd Unit Trust 20,000 20,000Receivables 108,288 146,573

Total current assets 936,132 906,263

Non-Current AssetsProperty Plant and EquipmentOffice equipment 39,874 39,874Less: Accumulated depreciation (37,759) (36,530)

2,115 3,344InvestmentASN Events Pty Ltd Unit Trust 100 100AHMRC Unit Trust 100 100AHMR Congress 8,000 8,000

8,200 8,200

Total non-current assets 10,315 11,544Total Assets 946,447 917,807

Liabilities - CurrentCreditors 5,668 22,566Subscriptions in Advance 126,370 115,065GST Payable 12,637 11,506Employer Super Clearing Account 759 -Provision for LSL 18,333 16,778

Total current liabilities 163,767 165,915

Net Assets 782,680 751,892

EquityReserves Note 4Fund at the Beginning of Year 751,892 639,801Surplus for the year 30,788 112,091

Total Equity 782,680 751,892

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE, 2009

Note 1: Statement of Significant Accounting PoliciesThe financial report is a general purpose financial report that has been prepared in accordance withAccounting Standards (AASBs), Australian Accounting Interpretations and other authoritativepronouncements of the Australian Accounting Standards Board and the Corporations Act 2001 (asamended). The following is a summary of the material accounting policies adopted by the economicentity in the preparation of the financial report. The accounting policies have been consistently applied,unless otherwise stated.NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30TH JUNE, 2009 (cont)

16

(A) Going ConcernThe Society’s financial statements have been prepared on a going concern basis. At 30th June, 2009, theSociety had an excess of current assets over current liabilities. Cash reserves were sufficient to supportthe Societies operations.(B) Basis of PreparationAdoption of Australian Equivalents to International Financial Reporting StandardsThe Australian Society of Medical Research has prepared financial statements in accordance with theAustralian equivalents to International Financial Reporting Standards (IFRS).The accounting policies setout below have been consistently applied to all years presented. The entities have however elected toadopt exemptions available under AASB 1 relating to AASB 132: Financial Instruments: Disclosure andPresentation, and AASB 139: Financial Instruments: Recognition and Measurement.Reporting Basis and ConventionsThe financial report has been prepared on an accruals basis and is based on historical costs modified bythe revaluation of selected non-current assets, and financial assets and financial liabilities for which thefair value basis of accounting has been applied, if applicable.Functional and Presentation CurrencyThe Society’s financial statements are presented in Australian Dollars.(C) Accounting PoliciesIncome taxAs the Society is a charitable institution in terms of subsection 50-5 of the Income Tax Assessment Act,1997, as amended, it is exempt from paying income tax.Property, Plant and EquipmentThe Society owns no property or plant. Office equipment is carried at cost value less, where applicable,any accumulated depreciation and impairment losses. The carrying amount of office equipment is reviewedannually to ensure it is not in excess of the recoverable amount from those assets.Subsequent costs are included in the asset’s carrying amount recognised as a separate asset, asappropriate, only when it is probable that the future economic benefits associated with the item will flowto the company and the cost of the item can be measured reliably. All other repairs and maintenance arecharged to the income statement during the financial period in which they are incurred.The Australian Society for Medical Research is a non profit organisation and there are no changes to itscurrent disclosure requirements under AASB 116 para Aus 77.1.DepreciationDepreciation is recognised in the profit and loss on a diminishing basis over the estimated useful life ofeach asset. The depreciation rate for the current 2009 year and 2008 comparative year are as follows:-Depreciation RateOffice Equipment 20% - 40%Impairment of AssetsAt each reporting date, the directors review the carrying values of its tangible and intangible assets todetermine whether there is any indication that those assets have been impaired. If such an indicationexists, the recoverable amount of the asset, being the higher of the assets fair value less costs to selland value in use, is compared to the asset’s carrying value.Any excess of the assets carrying value over its recoverable amount is expensed to the income statement.Where it is not possible to estimate the recoverable amount of an individual asset, an estimate is madeof the recoverable amount of the cash-generating unit to which the asset belongs.Investments in AssociatesAny Investments in associate companies are recognised in the financial statements by applying theequity method of accounting. The equity method of accounting recognises the company’s share of post-acquisition reserves of its associates.The company’s interests in joint venture entities are brought to account using the cost method.Members LiabilityThe Society is limited by guarantee. Every member of the Society undertakes to contribute to the assetsof the Society in the event of the same being wound up during the time that he or she is a member orwithin one year afterwards for payment of the debts and liabilities of the Society contracted before thetime at which he or she ceases to be a member and of the costs, charges and expenses of winding upthe same and for the adjustment of the rights of the contributors amongst themselves such amount asmay be required not exceeding the sum of $20.

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30TH JUNE 2009 (cont)

17

SponsorshipSponsorship revenue is recognised at the time the pledge is made.InvestmentAs a result of complications resulting from the Goods and Services Tax, outsourcing of seminar managementis undertaken by ASN Events Pty Limited as trustee for ASMR Events Trust. The Society has invested$100 in units in ASMR Events Trust, representing all the units issued by the trust. The Society has alsoinvested $100 in units in the Australian Health & Medical Research Congress Unit Trust (AHMRC),representing all the units by the trust.ProvisionsProvision are recognised when The Australian Society of Medical Research has a legal or constructiveobligation, as a result of past events, for which it is probable that the outflow of economic benefit willresult and that the outflow can be measured reliably.Cash and Cash EquivalentsCash and Cash Equivalents includes cash on hand, deposits held at call with banks or financial institutions,other short term highly liquid investments with original maturities of three months or less, and bankoverdrafts. Bank overdrafts are shown within short term borrowings in current liabilities on the balancesheet.RevenueInterest revenue is recognised on a proportional basis taking in to account the interest rates applicable tothe financial assets. All revenue is stated net of the amount of goods and services tax (GST).Goods and Service Tax (GST)Revenues, expenses and assets are recognised net of the amount of GST, except where the amount ofGST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST isrecognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivablesand payables in the balance sheet are shown inclusive of GST. Cash flows are presented in the cash flowstatement on a gross basis, except for the GST component of investing and financing activities, whichare disclosed as operating cash flows.Comparative FiguresWhere required by Accounting Standards comparative figures have been adjusted to conform with changesin presentation for the current financial year.Critical accounting estimates and judgmentsThe directors evaluate estimates and judgments incorporated into the financial report based on historicalknowledge and best available current information. Estimates assume a reasonable expectation of futureevents and are based on current trends and economic data, obtained both externally and internally.Key estimates - ImpairmentThe directors assess impairment at each reporting date by evaluating conditions specific to the groupthat may lead to impairment of assets. Where an impairment trigger exists, the recoverable amount ofthe asset is determined. Value-in-use calculations performed in assessing recoverable amounts incorporatea number of key estimates.Note 2: Revenue 2009 2008Operating Activities:Interest revenue 30,178 27,948Other income 457,784 597,121

487,962 625,069Interest revenue received byThe Australian Society for Medical Research from term deposit and bank accounts in its name:

30,178 27,948

Note 3: Auditors’ remuneration 6,137 6,423

Note 4: ReservesBalance at the beginning of the reporting period 751,892 639,801Increase (decrease) in reserves during the reporting period: 30,788 112,091

Balance at the reporting date 782,680 751,892

NOTES TO THE FINANCIAL STATEMENT - FOR THE YEAR ENDED 30TH JUNE 2009 (cont)

18

Nature and purpose of the Reserves:The Reserves record the balance of funds set aside for the future expansion of the economic entity TheAustralian Society for Medical Research.Note: 5 Effect of Changes in Accounting PolicyThe entity has adopted the following Accounting Standards:-- AASB 132: Financial Instruments: Disclosure and Presentation- AASB 139: Financial Instruments: Recognition and MeasurementThe adoption of AASB 132 relates primarily to increased disclosures required under the standard anddoes not affect the value of amounts reported in the financial statements.

ASMR Consolidated Statement of Cash Flows For the year ended 30 June, 2009 2009 2008 $ $

Cash Flow from Operating ActivitiesReceipts from members etc 496,070 621,522

Payments to suppliers and employees (458,094) 484,185)Interest received 30,178 27,948

Net Cash provided by (used in) operating activities 68,154 165,285AddCash Flow From Investing Activities

Payments for property, plant andequipment - (693)AHMRC Unit Trust - (100)AHMR Congress - (8,000)

Net increase (decrease) in cash held by investing activities - (8,793)

Net increase (decrease) in cash held 68,154 156,492

Cash at the beginning of the year 739,690 583,198Cash at the end of the year (note 1) 807,844 739,690Net increase (decrease) in cash held 68,154 156,492

Note 1. Reconciliation of Cash For the purposes of the statement of cash flows, cash includes cash

on hand and in banks and investments in money market instruments, net of any outstanding bank overdrafts. Cash at the end of the year as shown in the statement of cash flows is reconciled to the related items in the balance sheet as follows:

Deposit Account 149,240 140,673Cash at Bank - General A/c 95,302 126,674Funds at call - Cash Management 563,202 472,243Cash on hand 100 100

Cash at the end of the year 807,844 739,690

Note 2. Reconciliation of Net CashProvided by/(used in) operating Activities from operating profitOperating profit 30,788 112,091Depreciation 1,229 3,305Changes in Assets & Liabilities-(Increase)Decrease in Debtors 38,286 24,401-Increase (Decrease) in Creditors (16,141) 7,646-Increase(Decrease) in Other Creditors 12,437 16,188-Increase(Decrease) in Provision for LSL 1,555 1,654Net cash provided by operating activities 68,154 165,285

19

ASMR Department of Health and Ageing - Profit and Loss StatementFor the year ended 30 June, 2009

2009 2008 $ $

IncomeSponsorship - General 50,000 50,000Total income 50,000 50,000

ExpensesAdministration Charges 16,766 20,019Advertising 1,144 12,787Accounting Fees 170 165Auditing Fees 1,234 1,227Guest Speaker 1 5,887 138Meetings, MRW Events & Exhibitions 14,164 16,492Printing / Stationery / Postage 140 1,856Public Relations 1,555 758Travel, Accommodation & General - -

Total expenses 50,660 53,442

Operating Surplus / (Deficit) (660) (3,442)

ASMR National Health and Medical Research Council - Profit and Loss StatementFor the year ended 30 June, 2009

2009 2008 $ $

IncomeSponsorship 50,000 50,000

Total income 50,000 50,000

ExpensesMedia co-ordination, management and administration 52,821 51,098of ASMR Medical Research Week

Total expenses 52,821 51,098

Operating Surplus / (Deficit) (2,821) (1,098)

20

THE AUSTRALIAN SOCIETY FOR MEDICAL RESEARCH - RESEARCH FUNDA.B.N. 97 428 769 214

Financial Statements For the year ended 30 June, 2009

Profit and Loss Statement - For the year ended 30 June, 2009

2009 2008 $ $

Income

Donations received 4,597 7,052Interest received 1,697 885

Total Income 6,294 7,937

Expenses

Grants 7,000 7,000Bank Charges 32 43

Total Expenses 7,032 7,043

NET INCOME/(LOSS) for year (738) 894

Balance Sheet - As at 30 June, 2009

2009 2008 $ $

Accumulated reserves brought forward 28,181 27,287Net income/(loss) for year (738) 894

Accumulated reserves 27,443 28,181

REPRESENTED BY:

Term Deposit 25,000 25,000Cash management account 2,374 3,130Cheque account 69 51

27,443 28,181

21

Membership List as at 15 October 2009

ACT

Addios SN KhadijahAllen RichardAnderson WarwickCasarotto MarcoChaudri GeetaClarke Hannahda Silva C R MeloGahan MichelleGready JillHeydet DeborahKarupiah GLarena MaximilianLehane AdeleLin DavidMcMahon KristinMorris CliveOwen DavidParish ChristopherPisani MichellePok SharonRandall KatrinaRead StuartRoberts RachaelSchyvens ChrisShannon FrancesShield AlisonSpillman NatalieSpry ChristinaSuYung-Chang (S)Tahiliani VikasThomas SandraTscharke DavidWilson JaneZakhary Andrew

NSW

Adams SerayAlkhouri HatemAllan CharlesAl-Shabeeb AmmiraAmmit AlainaAnderson LukeApte MinotiArmour CarolAshman LeonieAshton KatieAssareh ArezooBailey ChuckBalleine RosemaryBartrop Roger

Basten AntonyBaxter RobertBell JessicaBendall LindaBiankin AndrewBijker Martijn SBlack JudithBoehm IngridBrandt Philip HenryBrewer Megan HwaBrilot-Turville FBrown AndrewBryan TracyButler Tanya LeeButler JaneButt AlisonByrne JenniferCaldon Catherine ECarland JaneCarson DeanCassano CarlosCederholm JennieCelermajer DavidChan JeffreyChapman Barry LCharlton FrancescaChe WenchiCheng BillCheung BelamyChisholm DonaldChristodoulou JohnClarke ChristineClay MoiraCloosterman DesireeCodd RachelCoombes JasonCooper DavidCopeland BenCottrell LaurenCrossley MerlinCurthoys NikkiDavey RossDaviskas Evangeliade Fazio AnnaDi Bartolo BelindaDi Girolamo Dr NickDobson-Stone CarolDoyle KharenDunn LouiseDunwoodie SallyEisman JohnFath ThomasField MichaelFlemming Claudia

Fletcher AnneForbes RebeccaFranklin AndrewFunnell AlisterGan Pei PeiGaus KatharinaGelissen IngridGeraghty JacquelineGibson KarenGill SaloniGlaros EliasGleeson MareeGlenn WendyGloss BrianGoldie BelindaGonzalez MariaGopinath SumanaGraham RobertGraham J DinnyGrant RossGu BaijunGuest JadeGunning PeterHaber MichelleHalliday GlendaHambly BrettHandelsman DavidHanson AdrienneHardeman EdnaHawkins ClareHayes VanessaH e i n z e l m a n n -Schwarz ViolaHenderson MichelleHeng R BenjaminHermens DanielHill AmeliaHillman RichardHollins SharonHook JeffHowell ViiveHughes MargaretHung Tzong-TyngHunt NicholasJack BrionyJackson EliseJessup WendyJohnstone DanielJones NicoleJoya JosephineJung MoonSunKavurma MaryKeast JanetKee Anthony

Khachigian LevonKingston DavidKnight RobertKorner PKrycer JamesKuroiwa T JoiceLane AmandaLange KatherineLaybutt RossLeary JenniferLee Joyce H KLees JustinLewis TrevorLiberts LizLin RubyLock RichardLu Hao KimLutze-Mann LouiseMackenzie JenniferMackenzie KarenMacpherson JanetMaghzal GhassanMalabanan K PManetsch MelanieMann GrahamMarsh DeborahMaslowski KendleMason RebeccaMayfield KirstyMcDonald MichelleMcEvoy BrianMcGowan EileenMcKenzie DavidMcLachlan AndrewMcNamara StephenMcNeil CatrionaMcNeil H. PatrickMcNulty PenelopeMilward LizMorris BrianMreich ElleinMunoz MarciaMurphy VanessaMurray JayneMurray MichaelMusgrove ElizabethNapier ChristineNassar NatashaNguyen Hong P TNicholson RichardNoble AnthonyNorris MurrayNorth KathrynO’Neill Geraldine

22

Membership List (continued)

Ongley SarahOrmandy COsborne PeregrinePasquier EddyPearson RichardPhilp AmandaPickett HildaPierce KerriePolly PatsiePryor Kylie AnnQi JacobRalph AnnaRamsay EmmaRawlinson WilliamReddel HReddel RogerReichardt JuergenReyes JosephineRoberts KathrynRogers NRoselli SeverineRye Kerry-AnneSadananda PrajniSalome CherylScarlett ChristopherSchofield PeterSchrieber LeslieScott KieranSekyere EricSergio ClaudioSeth DevanshiSewell WilliamSheahan PamelaShelley ElizabethShine JohnSmith CarolineSo RitaStewart BSutherland RobertSwarbrick AlexanderSzymanska BarbaraTalseth-Palmer BTam PatrickTan AaronTeber ErdahlThai ThuanThi Thu Cuc BachThomas ShaneThomson SallyTuch BernardVan Der Weyden MVan Helden DirkVandenberg JamieVerrills Nicole

Waddell LeighWalsh LeeWalters KristyWeidenhofer JudithWelschinger RobertWhitaker NoelWhitelock JohnWhiteman InekaWhitwell BradleyWhitworth JudithWilkinson JennyWood LisaXaymardan MuniraYagoub DanielYu Jane (Ze-Yan)Yucel DuyguZhong JessieZorbas Helen

QLD

Adams MarkAlexa AndreiAlexander KylieAlharbi SamahAlowaidi FaisalAbdullah NAlQuarshi NaifAnderson GregoryAndrews KathyAntonsson AnnikaAstuti PujiAtaee RaminAya Bonilla Carlos AAzlan MaryamBarry GuyBatzloff MichaelBeagley KenBeckhouse AnthonyBehrendorff NatashaBoutros RBowles JosephineBoyle GlenBradford DanaKaiBrennan RebekahBroadbent JamesBrooke GaryBrooks KellyBroszczak DanielBrown MellissaBrowne CatherineBudiono Boris PBurgess Anita

Burke MelissaCameron DCamilleri EmilyCampbell JulieCatts VibekeChachay VeroniqueChan Hsiu-WenChen TimothyChen Yueh-ShengChenevix-Trench GChong SuyinnClark GeorginaClark RichardClark SharonClark CharlotteClements JudithCodd CatrinaCook AnthonyCopland DavidCorbett HollyCorrie SimonCostantini KerinaCoulthard LiamCrawford DarrellCrough TaniaCullup HannahDaggard GrantDallemagne CDaly NorelleDas IndrajitDavidson StuartDavies MarkDawson Paulde Amorim Laura MDissanayaka NDoyle NeilDrabsch YvetteEllis MagdaFaulkner GeoffreyFiorenza SalvatoreFowdar JavedFrancis SantiyaguSavarimuthuFrancois MathiasFrazer DavidFung Yoke LinGabrovska PlamenaGannon OrlaGenesan (Menon) SGillions ImogenGobert GeoffreyGonda ThomasGood MichaelGrealy Rebecca

Griffiths LynGunter JenniferHacker ElkeHalliday JudyHaluska BrianHardy MelindaHarrison MatthewHart DerekHealy JHeazlewood CelenaHerington AdrianHesami ParisaHooper John DavidHudson JamesIngram WendyJacobsen RebeccaJamail KimiaJaneczek PaulinaJenkins CarlyKassianos AndrewKetheesan NKhairuddin NorlianaKhanna Kum KumKobe BostjanKolahdooz FaribaKrishnan KeerthanaLam AlfredLavercombe PLawrence MitchellLeddy ElizabethLee JohnLee NelsonLeicht AnthonyLeong GaryLewohl JoanneLluka Lesley JanLo Yu-Lan SandraLoessner DanielaLopez AlejandroLynam EmilyMackay IanMackay RachelMackay-Sim AlanMaher BridgetManton KerryMarkey KateMcCosker HelenMcGeorge RachaelMcGovern JacquiMcGrath JohnMcGuckin MichaelMcManus DonaldMcMillan DavidMcNally Alice

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Membership List (continued)

Mellick AlbertMiller StephanieMills RichardMills PeterMoldrich RandalMoore TysonMorales RodrigoMorrison BrianMuslim DennyNeller MichelleNeumann BrentNgo ShyuanOancea IuliaPai SaparnaPal ShripadParavicini TamaraParker TonyParlett RyanPattabiraman DPavlovski DalePeatey ChristopherPelzer ElisePettit AllisonPhua Yu LengPinzon-Charry APiper MichaelPlummer PrueRaggatt Liza-JaneRajagopalan SulekhaReid JanetReilly Anda-LeighReinebrant HannaRichards LindaRobb ReneeRoberts JasonRoberts TaraSalajegheh AliSalom CarolineSalvage-Jones JudithSchabrun SiobhanSchmidt ChristopherSeldon ThereseSieh ShirlySimpson PeterSimpson HughSingh Maneesh NSkinner-Adams TinaSmith CarlSmout MichaelSpring KevinStephenson Sally-AThiagarajan RathiThundyil JohnTrieu Angela

Tsao HenryUddin ShaikhUpton ZeeValery PatriciaVangaveti VenkatVesey DavidVillani Rehanvon Itzstein MarkWallace DanielWalpole CarinaWalsh MeaganWaterhouse NighelWells ChristineWhitehall VickiWhitehead JonWhitelaw NadiaWidiapradja AlexWigan MatthewWillis CharleneWixey JulieWoodruff TrentWorthley DanielWortmann AndreasWu Chiung-Jung (Jo)Yee BonniYee Peter Han-Chung

SA

Akison LisaAlbuz FirasAl-Dasooqi NoorAlvino ClairAnantanawat JAnderson RebeccaAndraweera PrabhaArhbal FatihaBakos HassanBarrett JeffreyBarritt GregBassal Nesrine M KBeal RBenassi-Evans BBianco-Miotto TinaBorlace GlennBowen JoanneBrooker SarahBrooks DougBuckley ScottButler LisaButler MiriamCantley MelissaCarr Jillian

Carter SarahCheah Ker YeawChiam KarenChin Peck YinChung RosaClifton VickiCowled PrudenceCowley CarinaCrawley AllisonCreasey RhiannonCummins AdrianDay TanyaDickinson KacieDixon Dani-LouiseElder AlisonFong LauraFrancois MaximeFraser CaraGecz JozefGentilcore DianaGibbins IanGibson MarkGibson RachelGowans Eric JamesHawkes JoannaHelfgott AriehHickey TheresaHiscock JenniferHor AngelynHorowitz MichaelHorowitz JohnHowarth GordonHummitzsch KatjaJacob ReubenJersmann HubertusJiang AnzhenJones HilaryKeough RebeccaKong Wee-ChingKong HollyKopecki ZlatkoKumarasinghe DLam NgaLam YanLawlor KynanLawrence MarkLee Kristie Pan YuLee SusanMa LinlinMackenzie PeterMaher CarolMakrides MariaMashtoub SuzanneMcIver Cassandra

McKinnon RossMohan GeethaMoores CarlyMott KathyMuecke SandyMuhlhausler BeverlyNadhanan Rethi RNewman MichelleNg Yeap ShenNicholas Lisa MarieNiu MeizhiO’Callaghan NathanOchnik AleksandraO’Keefe LouiseOng Shee CheeOng Zhi YiOrmsby RebeccaParham KateParkinson-LawrenceEmmaPitcher JuliaPolyak StevenProdoehl MarkPsaltis Peter JamesRaja Harsha VardhanRamshaw HayleyRattanatray LeewenReid JessicaRicciardelli CarmelaRoberts ClaireRoccisano DanteRodgers SRoediger BillSale MartinSamaraweera SSasseville MaximeScott HamishShoubridge CherylSinha RomiSmith AshleighSmithers LisaSoulsby NatalieStafford IreneStaudacher AlexSulda MelandieSykes PamelaTan Izza ATea MelindaTeague Maria OTrotter AndrewTsiros MargaritaTuck Astrudvan Eyk ClareVanis Lora

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Membership List (continued)

Wadham CarolWang KimberleyChoon WenWeen MirandaWickham NicholasWiese MarleneWilliams Keryn AnneWilloughby ScottWilson ClaireYazbek RogerYu Chunping (A)Zhang SongZhou AngZola Heddy

WA

Ansell Thomas KArulpragasam AAye IrvingAzmanov DimitarBalmer LoisBentel JBrown BelindaCarter Kim WCash RobinCheng TaksumChoong CatherineCleaver AmandaCox KCross JaneDavies Stefandeplazes EvelyneDyczynski JerzyEastwood PeterEbert JayElhebir ElsamaulElsegood CarynEtemad SamarFairchild TimothyFedson AnnetteFilipovska AFinlay-Jones JohnFisher ScottFitzgerald Lindy (M)Foo Clara JaemieFox ArchaFuller PaulaGanss RuthGardiner MichaeleGnjec AnastazijaGorman ShelleyGraham Ross

Greay SaraGuelfi KymHall ChristineHall GrahamHart PrueHayes SusanIngley EvanIreland DemelzaJackaman ConnieJaeger Werner CJamieson EmmaJohnson LiamJones MargaretKarl StephanKeane NiamhKeelan JeffreyKhor Ee-ChengKicic AnthonyKlinken PeterLaing NigelLeedman PeterLevin BrettLewis JoshuaLisciandro Joanne GLogie KarlaMaganga RichardMajda BernadetteManzur MitaliMcCarthy DavidMcCoy MelanieMcDonnell AlisonMedic SandraMoore BrioniMorar BhartiMullin BenMusk GabrielleMutsaers StevenNguyen Quan ThienNowak Kristen JeanOliver BenPanegyres PeterPayne EmilyPeacock ChristopherPeterson ShanePfleger KevinPolglase GraemePope SharynPrele CeceliaPugazhenthi KamaliQin AnRackham OliverRahman Ireni AliRamsey KathrynRatajczak Thomas

Ravenscroft GianinaRavine DavidRothnie NeilSaran UttaraSchoof AshleySingh AmbikaSlavova-AzmanovaNeli StoyanovaSmith KateSmith MerranSohrabi Hamid RStanley FionaStubbs KeithStumbles PhilSutanto ErikaTan Ai LingTan Daryl Hsien WenTemple SuzannaThomas CarlaThompson KatherineTrinder DeborahVerheggen MureenWalsh JenniferWard VanessaWelch MathewWhite OliviaWilliamson JonathanWilson GlendaWong RinaWood FionaWoodward EleanorWu JasonZiman Mel

VIC

Achen MarcAchuthan AdrianAger EleanorAitken MaryAnneAlcorn DaineAlexander WarrenAlsop AmberAnderson JennyAnderson RobinAtik AnzariBach LeonBanerjee AshishBathgate RossBeart PhillipBentley KarenBerkovic SamuelBernhard Oliver

Bertram JohnBertucci MickaBilandzic MareeBird PhillipBlewitt MarnieBoon Wee-MingBouch SheenaBowtell DavidBoyd RBrand Ingo LotharBrew NadineBritto JoanneBrodnicki ThomasBurgess AntonyBurt RachelCampbell DuncanCampbell ShahanCarmichael CCasley DavidCenter RobertCherry CatherineChoi Wai-TingChristie ElizabethChristopoulos ArthurClark StellaClarke IainColeman BryonyColman PeterCompton AlisonCooper MarkCorben LouiseCowan RobertCowie Dr BenjaminCowin PrueCowman AlanCrabb BrendanDahl Hans-Henrikd’Apice AnthonyDasvarma ADavey GayleDavidson AndrewDavis IanDawood TyeDax Elizabethde Fonseca PereiraCandidade Koning-Ward TDe Silva MichelleDean BrianDebrincat MarlyseDelatycki MDickinson HayleyDindas HelenDonnan Geoffrey

25

Membership List (continued)

Drummond AnnEllis SarahEren SenemEvans-Galea MFairlie DouglasFaux MareeFavaloro JennyFeeney SandraForrest SusanFreeman DarrenFuller PeterGalea CharlesGargett CarolineGiddy AndrewGillespie MatthewGilson PaulGirling JaneGlatz JaneGold ElspethGreenhill ClaireGrgacic ElizabethGubhaju LinaGundlach AndrewGunnersen JennyHagemeyer CHamilton JustinHannan AnthonyHarley VincentHart AdamHarvey KieranHawkins ChristineHead GeoffreyHealy DavidHeath JoanHenstridge DarrenHewitt ChelseeHickey MichaelHill ElisaHilton DouglasHilton DeborahHodgkin PhilipHogarth MarkHooper Ivan KHoy AndrewHulett MarkHumbert PatrickHussain ShirinHutchison WendyJamsai DuangpornJans DavidJanus EdwardJastrzebski KJohn LizaJohnson Elizabeth

Johnstone RickyJones NatalieJudd FionaKalionis BillKaragiannis TomKartsogiannis VickyKay TomKedzierska KKelso AnneKemp BruceKennedy CatherinenKeogh RosemaryKile BenjaminKingwell BronwynKirby DeniseKiriazis HelenKitevska TanjaKiu HiuKnight KenKolosov AntonKruse LibbyLa Fontaine SharonLacey DerekLackmann MartinLahoud MireilleLambert GavinLambshead JackLaslett AndrewLatif ChristineLayton MeredithLee ErinnaLi LingliLim ChrisLim KyungjoonLindeman GeoffreyLocarnini StephenLockhart PaulLouis SimonLoveland BruceLoveland KateLovric MajaLynch GordonMacheda MariaMacKay FabienneMacLean HelenMacrae FinlayMajewski HenrykMalaterre JordaneManji ShehnaazMannering StuartManuelpillai UrsulaMarshall VikkiMarshall KathrynMason Rex

Masters ColinMcClaren BelindaMcConell GlennMcCormack MatthewMcDougall JohnMcMullen JulieMcQualter JonathanMeachem SarahMeikle PeterMercer JulieMerson TobiasMetcalfe SylviaMichalczyk AgnesMichalska AnnaMitchell AlanaMurphy James MMurphy KateNasioulas StevenNeaves RebeccaNg (Gwyneth) P YNicholson SandraNicola NicosNie GuiyingNisselle AmyNotini AmandaO’Bryan MoiraO’Hehir RobynO’Keeffe MeredithOliaro JanePace RishikaPaiva PremilaPanaccio LouisPaquet-Fifield SophieParker MichaelParker PhillipParslow AdamPatel OneelPearse MartinPhillips WaynePoon Ivan Ka HoPowell KimPretorius LynettePritchard MelanieQi WeierQuinn JulianRamsay RobertReid AmandaRiddell MichaelaRiglar DavidRisbridger GaolRobb LoraineRobins-Browne RoyRodda ChristineRogerson Fraser

Rogerson StephenRowley SimoneRusso VincenzoSalamonsen LoisSamuel ChrishanSandrin MauroSarsero JosephScheffer IngridSchmoelzer GeorgSchwab KjianaScott AndrewSexton PatrickShand FrancisShehu-Xhilaga MShen YeShepherd RobertShepherd Robert PShulkes ArthurSims NatalieSinclair AndrewSinclair Andy JSluka PavelSmyth R PSmyth GordonSonza ConStacker StevenStenvers KayeStephenson SarahStokes KerrieStorey ElsdonSuphioglu CenkSviridov DmitriTachas GeorgeTachedjian GildaTan CharmaineTaylor ReneaTaylor JulietThomas GwynneThompson ErikThorburn DavidTonkin AndrewTrapani JosephTregear GeoffreyTrembath KayeTurner MarianTye HazelUmbers AlexVan Sinderen MVaux DavidVerberne AnthonyVlahos RossVollenhoven BWallace MeganWard AlisterWark John

26

Webster DianeWeller CarolinaWerther GeorgeWesselingh StevenWestern PatrickWhite Sarah LWicks IanWilkinson SarahWilliams BenjaminWilliams BryanWilliamson RobertWinnall WendyWong CynthiaWurm JeremyXin AnnieXuereb LoredannaYe LouieYoung MoragYoung HeatherYoung JuliaZaibak FatenZaitseva MarinaZalcberg JohnZohdi Vladislava

TAS

Bibari OlivierBlizzard CatherineDickson TraceyDoherty KathleenFoote SimonGeraghty DominicHolloway AdeleKeske MichelleKing AnnaMarsden KatherineMartin FrancesMcMorran BrendanSmith ClareStaal JeromeVickers JamesWoods Greg

OVERSEASBegley GlennBrown JamesChang J JudyConaghan PhilipCortes C F DiegoEllyard JuliaHassan ShirinHildebrand MichaelHill Warren

Hill MelissaHood VJohnson ReneeLarsen JillListon AdrianMantamadiot isTheoQuinlan KateSamuel MichaelSaunders DarrenSchoep TobiasSchroder KateSmith JustineSmith Nicola

LIFE

Chalmers JohnCoghlan JPDempsey EileenDoherty PeterFunder JWLilian RuthNossal Gus JOverall MarieWest Catherine

Membership List (continued)

Affiliate Members

AAMRIANZ Soc for Cell & Dev. Bio. IncA’asian Soc of Clin.Immun & AllergyA’asian Society for HIV Med IncA’asian Society for Psychiatric RshANZ Bone & Mineral SocietyANZ College of AnaesthetistsANZ Obesity SocietyANZSBTAust & N Z Society of NephrologyAust Atherosclerosis SocietyAust Physiological SocietyAust Soc of Clinical and ExperimentalPharmacologists and ToxicologistsAustralasian College for Emergency MedicineAustralasian College of DermatologistsAustralasian Faculty of Occupational andEnvironmental MedicineAustralasian Gene Therapy Soc IncAustralasian Menopause SocietyAustralasian Sleep AssociationAustralasian Society for ImmunologyAustralasian Society for Infectious DiseasesAustralian and New Zealand Association ofNeurologistsAustralian Diabetes SocietyAustralian Neuroscience Society IncAustralian Rheumatology AssociationAustralian Society for Biochemistry andMolecular Biology IncAustralian Vascular Biology SocCardiac Society of Australia & N ZClinical Oncological Society of AustraliaEar Science Institute AustraliaEndocrine Society of AustraliaFertility Society of AustraliaHaematology Society of A&NZHigh Blood Pressure Rsh Cncl of AusHuman Genetics Society of A’asiaInstitute of Health and Biomedical InnovationNARFNutrition Society of Australia IncPaediatric Research Society of ANZPerinatal Society of ANZRoyal ANZ College of Obestetricians &GynaecologistsRoyal College of Nursing AustraliaSoc for Free Radical Res (A’asia)Society of Obstetric Med of ANZThe Australian College of AmbulanceProfessionalsThe Australian Medical Students’ Association LtdThe Australian Society for Parasitology

27

Affiliate Members (cont)

The Royal AN Z College of RadiologistsThe Royal Aust and NZ College ofPsychiatristsThe Royal Australasian College of PhysiciansThe Royal Australian College of GeneralPractitionersThe Royal College of Pathologists ofAustralasiaThe Society for Reproductive BiologThoracic Society of A & N ZTransplantation Society of ANZWestern Aust Biomedical Res Inst

Membership List (continued)

Associate Members

Arthritis AustraliaAustralian Red Cross Blood ServiceAustralian Respiratory CouncilClifford Craig Medical Research TrustCystic Fibrosis Australia IncorporatedEpilepsy ActionFndtn for High Blood Pressure ResJuvenile Diabetes Research FndtnKidney Health AustraliaMS Research AustraliaMuscular Dystrophy Association IncNational Heart Foundation of AustScleroderma Association of NSW IncThe Cancer Council NSWThe Lupus Association of NSWThe Ophthalmic Res Inst of Aust

Supporting Members

Biota Holdings LimitedBlackwell Publishing Asia

Merck Sharp & Dohme (Aust) Pty LtdPfizer Pty Ltd

Research AustraliaRoche Products Pty Ltd

Sapphire Bioscience Pty LtdServier Laboratories (Aust) Pty Ltd