 | Mr Alastair Lucas, BCom, FCPA, Chairman and Director since 1998, Vice Chairman & Managing Director, Goldman Sachs JB Were |
 | Professor Peter Doherty, AC, FAA, FRS, Deputy Chairman and Director since 2002, Department of Microbiology & Immunology, University of Melbourne |
 | Professor P Mark Hogarth, PhD, Deputy Director, Burnet Institute, Head of Austin Campus, Director of Research Strategy & Commercialisation |
 | Associate Professor David Anderson, Bsc (Hons), PhD, Deputy Director, Laboratory Programs, Burnet Institute |
 | Hon Barry Owen Jones, AO, FAA, FAHA, FTSE, FRSA, FRSV, FAIM, Director since December 2000, Former Commonwealth Minister for Science. Chair, Victorian Schools Innovation Committee |
 | Mr Ross E Cooke, Bcom, ACA, Director since 1998, Chief Executive Officer, Paxton Partners |
 | Ms Bronwyn Constance, FCPA, FAICD, FCIS, Consultant; Director and Chair Audit Committee of Cooperative Research Centre for Advanced Automotive Technology Ltd |
 | Ms Denise Allen, ASFA, IFSA, Chair and Director, Legg Mason Asset Management Australia Ltd |
 | Mr John K Dowling, FREI, FAPI, Director since December 2000, Managing Partner, K L Dowling & Co |
 | Mr Neil Edwards, BEcon, Chief Executive, Chifley Business School, Director, Port of Melbourne Authority |
 | Professor James McCluskey, BMedSc, MBBS, MD, FRACP, FRCPA, Director since 1998, Head, Department of Microbiology and Immunology, University of Melbourne |
 | Mr Robert L Milne, BEng (Civ), FIE (Aust), CP Eng, Director since December 2000, Chairman, Hooker Cockram Limited |
 | Dr Tracey Batten, MBBS, MHA, FRACMA, MBA, Director since June 2004, Chief Executive, Eastern Health |
 | Mrs Maria Myers, BA, BSW, LLB Director since June 2004 |
 | Mr Garry A Hounsell, BBus, CPA, Director since May 2005 |
 | Mr Ian Wightwick, ASTC (App Chem), BEc, MAdim, FAICD, Preseident and Chair, Austin Research since 2003, Former Managing Director, PaperlinX |