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Last week, the Department of Employment and Work environment Relations released real-time, data-driven analysis of AI's influence on the labour market. The first research of this kind by any federal government throughout the world. It found that while some functions are altering, graduate employment is high. Software and tech jobs are growing.
Our competent and varied workforce is simply one of the reasons that the world is queuing up to invest in Australia. Consider what worldwide financiers look for and then believe about what we have: World class universities, producing experienced graduates and high-quality research study.
Strong bonds with the fastest growing region of the world in human history. A legal and monetary system at the top of the global ladder for stability, the security of transactions, timeliness of payments and wise usage of innovation.
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Just as our Government's Future Made in Australia agenda has to do with taking advantage of these nationwide strengths making more things here, to make ourselves more durable and more sovereign we need to bring this exact same ambition to the chances of AI.We can not go for a short-term boom in capital expense and building.
And while the world is aiming to us, we understand it won't await us. If we hang back, or stand still, this will run right over the top of us. And if we descend into self-doubt, or roam out into the global market as a disparate collection of states and councils and companies and firms, instead of one nation, then others will compose the guidelines and - possibly - they will play by them.
And relegating our workers 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 communications innovation is significantly distributed amongst different networks and overseas interests, Australians keep sovereignty over our high-speed internet. Our fantastic country can be much more than an information warehouse for AI products made overseas.
To enhance our nationwide security. And build our economic strength. Today I reveal that to take and form and share the generational opportunity 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 big AI information centres.
Clear, consistent and obligatory. I will seek agreement 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 consult carefully with industry and our trading partners to design a structure for faster decision-making, much better supporting infrastructure and real neighborhood engagement.
That only produces the threat of Australia missing out on financial investment altogether. This has to do with having the versatility to keep pace with modification and go out in front of it. So Australia can make use of and gain from what other nations are doing. And handle problems in real time, without the bureaucracy having to contemplate every adjustment.
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Making sure that our nationwide interests and our national security are secured. And supplying the certainty for growth, for jobs and for financial investment. Setting the terms indicates we can put in location the greatest possible protection for Australian artists and Australian media. As a Government, we make a vast array of crucial, accurate info available online.
To reinforce our nationwide security. And construct our economic durability. Today I reveal that to seize and form and share the generational opportunity that AI represents our Government will establish a set of Australian Standards for AI.In March this year, we revealed a set of expectations for large AI information centres.
Clear, constant and mandatory. I will seek arrangement on this approach 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 consult carefully with market and our trading partners to create a framework for faster decision-making, much better supporting infrastructure and real community engagement.
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That just creates the threat of Australia missing out on investment altogether. This has to do with having the versatility to keep speed with change and get out in front of it. So Australia can draw on and learn from what other countries are doing. And offer with problems in real time, without the bureaucracy needing to ponder every adjustment.
Ensuring that our nationwide interests and our nationwide security are safeguarded. Setting the terms suggests we can put in place the strongest possible protection for Australian artists and Australian media.
