Arthur Sinodinos (NSW, Liberal Party, Cabinet Secretary) Share this | Hansard source

The new Centre for Defence Industry Capability is a $230 million investment from the government. With a focus on the delivery of defence capability, building defence skills, driving international competitiveness and opening access to Australian markets, the centre will invigorate our defence industry. The centre will be delivered through close collaboration between the private sector, the Department of Defence and AusIndustry. Additionally, the government will also invest $730 million into the Next Generation Technologies Fund. It is good news for Australia's defence industry and it is good news for Australian jobs, but, importantly, it is good news for innovation. It is a further downpayment on the government's agenda to promote innovation across Australian industry.