The Australian government has announced inaugural seed funding of AUS$26 million over four years to establish an Australian Space Agency, as part of a larger AUS$41 million investment in space-related funding.
Although this funding is less than the predicted AUS$50 million due to an overall reduction in government spending on science and research, it ends Australia's status as one of the only OECD countries without a space agency, and it is predicted to boost the Australian space sector.
