Arthur Sinodinos (NSW, Liberal Party, Minister for Industry, Innovation and Science) Share this | Hansard source

I thank the honourable senator for that very specific question. The current review will complement the activity already undertaken by this government to support growth in the space industry in Australia.

In October 2015, we announced a review of the Space Activities Act 1998, an act that regulates space activities undertaken by Australians here and overseas. Space technologies have advanced significantly since the act was legislated. Barriers to entry in the space industry are disappearing. This is creating new opportunities for Australian firms. So the act must provide an appropriate balance between supporting opportunities for participation and ensuring that Australia meets its international obligations.

The review of the act is now complete and the proposed amendments are being drafted. We are making sure the legislation supports innovation and the advancement of space technologies in Australia. Combined with the current review, it demonstrates our commitment, as a coalition, to the success and growth of Australian industries.