Tim Ayres (NSW, Australian Labor Party, Minister for Industry and Innovation) Share this | Hansard source

This is part of a series of announcements that were made today—the fine work that Senator Farrell has led in trade diversification with our partners in the European Union, the announcements in relation to defence partnerships that Senator Wong was answering questions about and this, in terms of our research and development capacity. These are all resilience measures that are about diversifying our economy, strengthening our research and science capability and strengthening our national security.

Recently I released the Ambitious Australia: strategic examination of research and development report, which was led by Robyn Denholm and a series of other notable Australians. That makes it clear what the private and public challenge is for Australia's research and development sector and what it is that we need to do to meet the big collective challenges that Australia faces.