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Sector Updates
Australia鈥檚 manufacturing industry employs around 900,000 people and contributes around $100 billion to Australian GDP annually. In addition, it contributes 26.4% of business expenditure on research and development. Post-pandemic, government has recognised the need to reinvigorate our sovereign capability in this area through schemes such as the National Reconstruction Fund and Manufacturing Modernisation Fund. Standards play a vital role in streamlining processes and improving efficiency, ensuring products and services are safe and reliable.
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