Phillip Thompson (Herbert, Liberal National Party, Shadow Assistant Minister for Defence) Share this | Hansard source

by leave—I rise to commend this report of the Joint Standing Committee on Treaties to the House. The agreement between the government of Australia and the government of the United States of America on the technology safeguards associated with the United States participation in space launches from Australia was signed in the USA on 26 October last year.

The global space industry is growing rapidly and is predicted to more than double in value over the next 20 years, so it makes sense that if our close ally the US is keen to partner with Australia for launches, we should absolutely do all we can to encourage that. That's what this treaty is about. It's about ensuring sensitive US technology is protected. Not only will it protect US interests, but it will help build the Australian space industry, creating new jobs and providing opportunities for companies. We have previously ratified all five space treaties, and we have multiple other treaties with the US already.

It's important in all this that our own national interests are upheld, and the committee is satisfied that they are. However, the opposition is keen to see the Australian space industry does receive a tangible benefit from partnerships like this. During hearings, we heard evidence that regulatory barriers could hinder the development of Australia's space industry. The government must ensure that it prioritises Australian industry. We do not want to see a situation where Australian companies are facing higher regulatory barriers than international companies. We must ensure there is a balance between facilitating international participation and fostering a strong domestic industry.

We'd also like to see a clear strategy in the government to foster an Australian space capability with government programs to help local companies establish their credibility and capability rather than just relying on the market forces to develop the sector. So while not directly related to the treaty, we encourage the government to do more to facilitate domestic growth in this sector in a timely manner while maintaining appropriate safeguards.

I would like to thank all those involved in the public hearing—those who provided submissions, the chair, the rest of the committee and the secretariat, who have been back and forth since 4.30 this afternoon to hear this. Thank you. You do an amazing job, and we thank you for your support. I commend this treaty report to the House.

Debate adjourned.

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