"Our research suggests that this may be due to mothers having children later in life and having fewer children than they've had in past years," Ms Ponsonby said in a statement.
The study, which involved 800 women, also found the benefits of pregnancy seemed to remain even after researchers accounted for other factors such as smoking, skin damage and sun exposure and certain susceptibility genes.
"In our study, the risk went down with each pregnancy and the benefit was permanent."
Some 20,000 Australians are diagnosed with MS, which attacks the central nervous system and can cause bladder dysfunction, spasticity, depression and cognitive problems.
-AAP