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Last week, the Department of Employment and Office Relations published real-time, data-driven analysis of AI's impact on the labour market. The first research of this kind by any federal government anywhere in the world.

Our competent and diverse workforce is just one of the factors that the world is queuing up to invest in Australia. Consider what worldwide financiers look for and then think about what we have: World class universities, producing proficient graduates and high-quality research.

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Strong bonds with the fastest growing area of the world in human history. A legal and monetary system at the top of the international ladder for integrity, the security of deals, timeliness of payments and clever usage of innovation.

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Simply as our Federal government's Future Made in Australia agenda is about taking advantage of these national strengths making more things here, to make ourselves more resistant and more sovereign we must bring this very same aspiration to the chances of AI.We can not opt for a short-term boom in capital expenditure and building.

And while the world is seeking to us, we understand it will not wait for us. If we hang back, or stand still, this will run right over the top of us. And if we descend into insecurity, or roam out into the worldwide market as a diverse collection of states and councils and companies and companies, instead of one country, then others will write the rules and - perhaps - they will play by them.

And relegating our employees and our economy to the last link of the digital supply chain. We can not - and we will not - accept that for Australia.

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It is why we enacted laws to keep the NBN in public hands. That even as interactions innovation is significantly distributed amongst various networks and abroad interests, Australians maintain sovereignty over our high-speed internet. Our terrific country can be much more than an information warehouse for AI products made overseas.

To reinforce our national security. And build our financial strength. Today I announce that to take and shape and share the generational chance that AI represents our Government will develop a set of Australian Standards for AI.In March this year, we announced a set of expectations for large AI data centres.

Clear, consistent and mandatory. I will seek contract on this technique from Premiers and Chief Ministers at National Cabinet I'm assembling next month. We will aim to bring the legislation to Parliament early next year. We will consult closely with market and our trading partners to design a framework for faster decision-making, better supporting infrastructure and authentic neighborhood engagement.

That only develops the danger of Australia missing out on out on investment entirely. And offer with concerns in real time, without the bureaucracy having to consider every adjustment.

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Ensuring that our nationwide interests and our nationwide security are safeguarded. And providing the certainty for development, for jobs and for investment. Setting the terms implies we can put in location the strongest possible defense for Australian artists and Australian media. As a Federal government, we make a wide range of important, factual details offered online.

To strengthen our national security. And construct our economic resilience. Today I reveal that to seize and shape and share the generational opportunity that AI represents our Federal government will establish a set of Australian Standards for AI.In March this year, we announced a set of expectations for big AI data centres.

I will seek arrangement on this method from Premiers and Chief Ministers at National Cabinet I'm assembling next month. We will aim to bring the legislation to Parliament early next year.

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That just produces the risk of Australia missing out on investment completely. And deal with problems in genuine time, without the administration having to ponder every modification.

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Guaranteeing that our national interests and our nationwide security are protected. Setting the terms indicates we can put in location the strongest possible security for Australian artists and Australian media.