Australia has never had a Space Agency to represent its interests on the sector. We win only 1% of the annual US$330 Billion space business. In 1967 we used a Redstone rocket to launch a home-built satellite into orbit. We were one first countries to be involved in the space sector. Since then, the government's mantra has been that Australia is "too small a player" and will never be in the business of launching rockets to space. Today, New Zealand is in the business of launching rockets to space and has an active space agency. Australia is the only one of the economically developed countries that does not have a space agency. Our university aerospace graduates have to go overseas to find work and space development is set to do this too. Australia is falling behind the rest of the world in supporting its space industry and the  benefits of new technology and products.