Ms Julie Bishop (Curtin, Liberal Party, Minister for Foreign Affairs) Share this | Hansard source

I thank the member for Mayo for his question and note his commitment to a local defence industry in South Australia. The coalition government decision to build 12 next-generation submarines in South Australia gives us a vital element in Australia's naval capability well into the middle of this century, helping to secure Australia's vast maritime domain, which is one of the largest in the world. In the decades to come, Australia will face an increasingly challenging maritime environment. By 2035 it is estimated that half the world's submarines will be operating in the Indian Ocean and Asia-Pacific region. The 12 submarines to be built with Australian jobs, with Australian steel and with Australian expertise, will be among the most sophisticated naval vessels in the world and will enable Australia to play an even greater role in safeguarding the peace and the security of our region.

The Future Submarine program will invest around $50 billion in our local shipbuilding industry, generating an additional 2,800 jobs. The investment is in addition to the government's decision to implement a program of continuous surface ship construction in Australian shipyards—major warships, offshore patrol vessels, Pacific patrol boats—in South Australia and Western Australia, with support and maintenance across Australia. Together, these programs represent around $90 billion of investment in our defence capability and in our local shipbuilding industry, creating over 3,600 direct jobs, with significant flow-on effects through our supply chains.

Compare and contrast these three facts. We have now commissioned up to 54 naval vessels. I remind the House that Labor failed to commission one—

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