Lima Declaration: How the UN ended Australian sovereignty

Five new manufacturing tsars have been asked to steer an industry-led reboot of the sector and prioritising investment under Scott Morrison’s $1.5bn modern manufacturing strategy.

Ahead of the October 6 budget, Mr Morrison released the federal government’s modern manu­facturing strategy, which he spruiked during last week’s post-budget tour through Queensland.

The strategy listed Australia’s six manufacturing priorities as resources technology, food and beverage, medical products, recycling and clean energy, defence and space, is anchored by a new $1.3bn modern manufacturing fund.

The government will use the investment vehicle to ­leverage co-investment with states, ­territories, industry and research ­institutions across three ­categories.