INDUSTRIAL DISEASES

Medical Research

During 2005, the Insurance Commission provided $298,600 to the Foundation for Advanced Medical Research and The University of Western Australia (UWA) as part of a four-year funding commitment for research into mesothelioma, an asbestos-related disease (the Project).

Professor Bruce Robinson and his team at the Department of Medicine at Sir Charles Gairdner Hospital undertake this research.

Medical Research into mesothelioma

The Insurance Commission has been a long-term supporter of medical research into mesothelioma as this research is relevant to the Compensation (Industrial Diseases) Fund, a fund managed by RiskCover. Between 1990 and 2000, the Insurance Commission pledged more than $1.8 million funding for research into mesothelioma. Following favourable reviews from an independent peer review that evaluated the progress and achievements of the research in 2001, the Insurance Commission committed a further $1.2 million funding over four years, being $300,000 per annum from 1 January 2002 until 30 December 2005.

In consideration of the Insurance Commission funding the Project, UWA has agreed in respect of each half-year, to pay the Insurance Commission a royalty equal to 25% of any Net Income. UWA agreed that its obligation to pay a royalty will continue even if the Insurance Commission ceases or had ceased Project funding, provided that UWA's obligation to pay the Royalty will cease 10 years after the date on which the Insurance Commission ceases funding the Project.