Michaelia Cash (WA, Liberal Party, Minister for Jobs and Innovation) Share this | Hansard source

The Space Agency will now enable our businesses to participate in the world's biggest space missions and projects, and it will encourage more private investment in Australia's space industry. It's a fact not recognised by some that, since the 1950s space race, the space industry itself has totally transformed. What was once strictly the domain of government is now a flourishing private market with far lower barriers to entry. The global market is now filled with businesses: large businesses and small businesses but especially those dealing with satellite technology, which is a particular strength of Australia's. The transformation of the space economy and the opportunities that this transformation presents for Australians are why the Turnbull government has created the Australian Space Agency. Our industries already have the requisite capabilities. It now means that they can participate on the global stage and create jobs for Australians.