This Act may be cited as the Medical Research Council Amendment Act 1981, and shall be read together with and deemed part of the Medical Research Council Act 1950 (hereinafter referred to as the principal Act).

Section 4(1) of the principal Act (as substituted by section 3(1) of the Medical Research Council Amendment Act 1965) is hereby amended by repealing paragraphs (f) to (h), and substituting the following paragraph:

Section 4(1)(j) of the principal Act (as so substituted) is hereby amended by inserting, after the words “Three persons”, the words “who are or have been actively engaged in or closely associated with medical research”.

Each member of the Council holding office immediately before the commencement of this section under paragraph (f), paragraph (g), and paragraph (h) of section 4(1) of the principal Act shall cease to hold office on the commencement of this section, but shall be eligible for reappointment under any provision of the said section 4(1). Any period of less than 3 years during which any such member has been a member of the Council in the period of 3 years commencing on the 1st day of April 1979 and ending with the 31st day of March 1982 shall not be taken into account for the purposes of section 4(5) of the principal Act.

Each member of the Council holding office immediately before the commencement of this section under section 4(1)(j) of the principal Act shall, unless he sooner vacates office under section 4(6) of the principal Act, continue in office until the period of his appointment expires.

This section shall come into force on the 1st day of April 1982.

Section 11 of the principal Act (as amended by section 7(1) of the Decimal Currency Act 1964) is hereby further amended by omitting the words “one hundred dollars”, and substituting the expression “$500”.

Section 17(3) of the principal Act (as amended by section 7(1) of the Decimal Currency Act 1964) is hereby further amended by omitting the words “forty dollars”, and substituting the expression “$1,000”.