On 19 March 2008, the Senate referred an inquiry into Australia's space science and industry sector to the Standing Committee on Economics. The Committee’s final report, Lost in Space? Setting a new direction for Australia's space science and industry sector, was released on 12 November 2008.
The Government’s response to the inquiry was tabled in the Senate on Thursday 19 November 2009.
The response incorporates the 2009-10 Budget announcements to establish a Space Policy Unit (now the Space Coordination Office) and the $40 million Australian Space Research Program.
The response also commited to establishing a Space Industry Innovation Council which examines Australia's current civil space activities, risks and strategic priorities with a focus on Earth observation, satellite communications and navigation.
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