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South Australia and the ACT team up to pursue national space agency

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Staff Writer | August 22, 2017
The South Australian and ACT governments will push for a national space agency arguing it will allow the country a bigger slice of the $420 billion a year industry.
Australia space industry
Science and technology   A $420 billion a year industry
The two states signed a memorandum of understanding on Monday in Canberra to work towards a national agency, with SA Premier Jay Weatherill saying it is critical Australia takes a bigger part in the international space industry for the economic benefits.

“The space sector has enormous growth potential and is a perfect fit for South Australia, given our national leadership in other high-tech industries,” Mr Weatherill said.

“The space sector will provide opportunities for traditional manufacturers to transition to a high-tech, high-growth sector.”

Australia is one of only a few developed countries without a national space agency, even New Zealand established its agency last year.

The SA premier says the agreement will encourage other states to push the federal government to look at a national agency.

The Australian space industry is worth between $3 billion and $4 billion a year and employs 11,500 workers.

Mr Weatherill said if a national agency was established the industry could be worth up to $18 billion in a few years.