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Parliament launches inquiry into space industry development

Reporter

A House of Representatives standing committee has commenced an inquiry into the development of Australia’s space industry.

Parliament launches inquiry into space industry development
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The House standing committee on industry, innovation, science and resources has announced the launch of an inquiry into developing Australia’s space industry, chaired by former deputy prime minister Barnaby Joyce.

Joyce said the committee would draw from industry feedback to explore ways in which policy could facilitate the growth of the sector. 

“The Australian Space Agency has a goal to triple the size of the sector to $12 billion and create an additional 20,000 jobs over the next decade,” he noted.

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“This inquiry will examine ways to achieve this.”

Specifically, the inquiry aims to identify solutions required to strengthen support of domestic and international space related activities, which include:

  • Development of space satellites, technology and equipment;
  • International collaboration, engagement and missions;
  • Commercialisation of research and development, including flow on benefits to other industry sectors;
  • Future research capacity, workforce development and creation; and
  • Other related matters.

Joyce stressed that the activities of the space industry extend beyond “rockets and astronauts”, pointing to its broader contribution to the development of technology and equipment used in everyday life.

“There are enormous opportunities for individuals, organisations and communities to take advantage of this growing sector, particularly in rural and regional areas,” Joyce said.

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The committee has invited stakeholders to participate, with submissions open until Friday, 29 January 2021.

[Related: Aussie space launch companies welcome new Australian Space Agency head]

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