Turnbull "honoured" to "meet" Her Majesty Elizabeth the Second, by the Grace of God Queen of Australia. #allaboutmalcolm
US troops introduced to one of the major food groups - Vegemite - during Exercise Talisman Saber '17

$600 BN in debt and Turnbull wants an Australian Space Agency. Yes - like NASA.

Nothing tells the world you're an Alpha Male quite like a rocket launch.

Turnbull must be feeling a little inadequate.

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(Bill Shorten about on the money).

This from The Australian just now.

Australia to review future in space

Australia is one of only two OECD nations without a domestic space agency. Picture: AFP
  • The Australian

Australia is a step closer to having its own space agency, with the federal government set to announce a review into Aus­tralia’s space capabilities on Thursday.

Australia is one of only two OECD nations without a domestic space agency, and local satellite firms say Australia is missing out on an industry that globally is worth about $420 billion and growing at three times the annual growth rate of world GDP.

The eight-month review will be conducted by a nine-person group chaired by former CSIRO boss Megan Clark.

Minister for Industry, Innovation and Science Arthur Sinodinos said the time was right for the government to review its civil space policy, including the possibility of a space agency.

“One of the terms of reference is to look at the institutional arrangements around the sector, and whether that’s done through a national space office or agency, and what are the pros and cons of doing that,” he said.

“Importantly, we have to identify what is the size of the prize here. What are the areas where we bring a particular strength? It’s not about trying to be an also-ran; if we get into a sector like this, how can we be the best in the world in those areas where we have significant strengths and potentially unique capabilities we can bring to bear?’’

The review will start with the first meeting of the expert ­reference group next Thursday, and will be completed by the end of March.


UPDATE - Thanks to Jill!

The ABC loves Minister for Lost in Space Arthur - stand by to lose lots and lots of money.