Refocus support for the Australian space industry by maintaining investment in successful space programs and providing appropriate regulation for the space industry.
The Government will refocus support for the Australian space industry by maintaining investment in successful space programs and providing appropriate regulation for the space industry. Funding includes:
* $34.2 million over 3 years from 2023-24 for the Australian Space Agency to continue to lead the national policy and strategy coordination of Australia's civil space sector activities
* improving regulatory settings for businesses and funding programs that support Australian space projects and remove cost recovery requirements under the Space (Launches and Returns) Act 2018. The savings from this measure will be partially redirected to fund other Government policy priorities in the Industry portfolio.