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Last week, the Department of Work and Office Relations published real-time, data-driven analysis of AI's effect on the labour market. The first research of this kind by any government anywhere in the world.
Our skilled and varied labor force is just one of the factors that the world is queuing up to invest in Australia. Consider what worldwide investors look for and then think about what we have: World class universities, producing skilled graduates and top quality research study.

The sunshine to power cost effective, renewable, reliable energy. Strong bonds with the fastest growing area of the world in human history. A legal and monetary system at the top of the worldwide ladder for integrity, the security of deals, timeliness of payments and wise usage of technology. And underpinning all of it - a steady democracy.
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Just as our 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 need to bring this exact same ambition to the opportunities of AI.We can not go for a short-term boom in capital investment and construction.
And while the world is wanting to us, we understand it will not wait for us. If we hang back, or stall, this will run right over the top people. And if we descend into self-doubt, or wander out into the international market as a diverse collection of states and councils and business and firms, rather than one nation, then others will compose the rules and - maybe - 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 legislated to keep the NBN in public hands. So that even as interactions innovation is increasingly distributed amongst various networks and overseas interests, Australians maintain sovereignty over our high-speed internet. Our great country can be much more than an information warehouse for AI items made overseas.
To strengthen our national security. And build our economic resilience. 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 revealed a set of expectations for large AI data centres.
I will look for agreement on this approach from Premiers and Chief Ministers at National Cabinet I'm convening next month. We will intend to bring the legislation to Parliament early next year.
That just creates the threat of Australia missing out on out on investment entirely. This has to do with having the versatility to keep rate with change and get out in front of it. So Australia can make use of and discover from what other countries are doing. And handle concerns in genuine time, without the bureaucracy having to ponder every adjustment.
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Guaranteeing that our national interests and our national security are secured. Setting the terms suggests we can put in location the strongest possible defense for Australian artists and Australian media.
To strengthen our nationwide security. And build our financial resilience. Today I announce that to seize and form and share the generational chance that AI represents our 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.
Clear, constant and mandatory. I will seek contract on this technique from Premiers and Chief Ministers at National Cabinet I'm assembling next month. We will intend to bring the legislation to Parliament early next year. We will speak with closely with market and our trading partners to develop a framework for faster decision-making, better supporting infrastructure and authentic neighborhood engagement.
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That only develops the danger of Australia missing out on investment completely. This has to do with having the versatility to keep speed with modification and go out in front of it. Australia can draw on and discover from what other nations are doing. And deal with concerns in real time, without the bureaucracy needing to ponder every adjustment.

Guaranteeing that our nationwide interests and our nationwide security are protected. And supplying the certainty for growth, for tasks and for investment. Setting the terms indicates we can put in location the greatest possible protection for Australian artists and Australian media. As a Federal government, we make a wide variety of important, accurate info offered online.