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| Version 0 | Version 1 |
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| Australia to create national space agency | Australia to create national space agency |
| (about 4 hours later) | |
| Australia will establish a national space agency to grow its space industry, the government has said. | Australia will establish a national space agency to grow its space industry, the government has said. |
| The nation is one of the only developed countries in the world not to have a space agency. | The nation is one of the only developed countries in the world not to have a space agency. |
| Acting Industry Minister Michaelia Cash said it was "crucial" that Australia capitalised on the rapid growth of the global space industry. | Acting Industry Minister Michaelia Cash said it was "crucial" that Australia capitalised on the rapid growth of the global space industry. |
| It follows a domestic industry review which had called for a dedicated body to be established. | It follows a domestic industry review which had called for a dedicated body to be established. |
| "The agency will be the anchor for our domestic co-ordination and the front door for our international engagement," Ms Cash said. | "The agency will be the anchor for our domestic co-ordination and the front door for our international engagement," Ms Cash said. |
| The government is expected to announce further details at the International Astronautical Congress in Adelaide this week. | |
| The conference will be attended by thousands of global space experts, including the heads of other national agencies and private companies. | The conference will be attended by thousands of global space experts, including the heads of other national agencies and private companies. |
| The Australian government estimates the global space industry to be worth about A$420bn (£247bn; $323bn) each year. | |
| Currently, Australia's industry produces about A$4bn each year and employs up to 11,500 people. | |
| Australia and Iceland are the only OECD nations without a space agency, according to the Space Industry Association of Australia (SIAA). | |
| The country is largely reliant on overseas nations like the United States for its satellite and earth observation data. | |
| The SIAA has argued that Australia is well placed to expand its space technologies because of its location, large geographical size and relatively low population. |