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Recently, the Department of Employment and Office Relations released real-time, data-driven analysis of AI's effect on the labour market. The first research of this kind by any federal government anywhere in the world. It discovered that while some roles are changing, graduate employment is high. Software application and tech jobs are growing.

And involvement is at record highs. Our skilled and varied workforce is simply among the reasons that the world is marking time to buy Australia. Consider what global investors try to find and after that think of what we have: World class universities, producing competent graduates and premium research. The standard resources, vital minerals and rare earths that are necessary.

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Strong bonds with the fastest growing region of the world in human history. A legal and monetary system at the top of the worldwide ladder for integrity, the security of transactions, timeliness of payments and wise usage of technology.

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Just as our Government's Future Made in Australia program has to do with taking advantage of these nationwide strengths making more things here, to make ourselves more resilient and more sovereign we must bring this same ambition to the chances of AI.We can not choose a short-term boom in capital expense and construction.

And while the world is aiming to us, we understand it will not wait on us. If we hang back, or stand still, this will run right over the top people. And if we descend into self-doubt, or wander out into the international market as a disparate collection of states and councils and companies and firms, rather than one country, then others will compose the rules and - perhaps - they will play by them.

It would mean subcontracting our sovereignty and security to the control of foreign monopolies. 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. The inescapable lesson of the international instability of the 2020s, is that if we are always based on another person, elsewhere, we will always be susceptible.

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It is why we legislated to keep the NBN in public hands. That even as communications innovation is significantly dispersed amongst different networks and overseas interests, Australians retain sovereignty over our high-speed web. Our terrific nation can be a lot more than a data warehouse for AI items made overseas.

To enhance our national security. And construct our financial durability. Today I reveal that to seize and form and share the generational opportunity that AI represents our Federal government will establish a set of Australian Standards for AI.In March this year, we revealed a set of expectations for big AI data centres.

I will look for contract on this method 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.

That just develops the risk of Australia missing out on out on investment entirely. And offer with concerns in real time, without the bureaucracy having to consider every modification.

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Guaranteeing that our national interests and our national security are safeguarded. And supplying the certainty for growth, for tasks and for investment. Setting the terms indicates we can put in place the greatest possible protection for Australian artists and Australian media. As a Government, we make a large range of crucial, factual information readily available online.

To strengthen our national security. And develop our financial strength. Today I reveal that to seize and form and share the generational opportunity that AI represents our Federal government will develop a set of Australian Standards for AI.In March this year, we announced a set of expectations for big AI data centres.

I will look for agreement on this method 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.

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That only creates the threat of Australia missing out on financial investment completely. This has to do with having the versatility to keep speed with modification and get out in front of it. Australia can draw on and find out from what other nations are doing. And offer with issues in real time, without the bureaucracy needing to consider every modification.

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Guaranteeing that our nationwide interests and our nationwide security are secured. Setting the terms means we can put in location the strongest possible defense for Australian artists and Australian media.