Prime Minister Anthony Albanese declared on Thursday that the free market can no longer be relied on to secure the future of Australian manufacturing in new industries.
The Future Made in Australia Act will bring together existing policies like the $15 billion National Reconstruction Fund and critical minerals strategy with investments to be announced in the budget and beyond.
The PM said Australia can't match the giant subsidies provided by our competitors overseas but we can go toe to toe on innovation. He spoke to 7.30's Sarah Ferguson.
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