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In developing Medicare, Australia didn't ask or obtain from elsewhere. We developed for the finest, by developing for ourselves. Back when the commercial revolution was basically altering the shape of the economy and the nature of work the minimum wage and eight-hour day were radical experiments.

We were the very first nation in the world where ladies could stand for Parliament and vote in elections. Today, in almost every conference I have with foreign leaders and worldwide financiers alike, they raise our incredibly system as world-leading.

We were informed it was too late to act and too difficult to implement. That its opponents were too powerful to listen, or change. We understood the problems we were up against. But we likewise knew that our action would send a signal and set a standard. It would begin discussions within households and relationship groups.

Australia's social media ban began these exact same discussions right around the globe. By the time I was at the United Nations in September in 2015, countries were seeking us out to learn more about the technique that we were taking. Today, more than 20 nations have actually implemented or are executing social networks age limitations of their own.

When we apply our enduring values to the challenges that are presented by new technologies. We can set a standard that changes the way the world looks at a concern and deals with it.

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Think of the distinction it would have made if these limitations had been put in location when the world initially comprehended the threats of these platforms. When we first comprehended their reach and certainly their power. That is the opportunity and the option - we have now with Artificial Intelligence. From mobile phones to rooftop solar, Australians have constantly been passionate adopters of new innovation.

Not as a novelty, or a search tool. It's changing the way our universities teach and the way trainees find out. It's helping small organization owners cut the time they spend on documents. It's driving productivity and it's driving discovery. It's building new screening tools for cancer and illness. It is a crucial and immediate - development priority for our defence force and security firms.

Nor would we desire to. That would just mean cutting ourselves off from the chances which are there to be seized and leaving ourselves open to dangers produced in other places. The truth that we can not stop modification, does not render us helpless, far from it. Our power, our company, our choice depends on welcoming change and forming it.

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And developing our sovereignty and our economic strength as a result. Since we desire AI to support and develop great tasks, not replace them.

It needs our land and energy and computing power to operate. That means we can set the terms, we can identify AI's social licence. We can not revisit this issue after companies have actually built whatever they want, any place they want, and try and then re-open settlements.

It is not a concern of 'if' or 'when' AI will change our economy, we are past that. The concern that matters, the option that we have - is how. How we use our long-lasting values of fairness and opportunity to make this innovation work for us. For employees and neighborhoods, for our economy and our environment, for our imaginative markets and media.

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Our country is home to international leaders in AI - and I am pleased so lots of are here with us today. You do not need to be an expert in AI to have a say or a stake in it. We are all included. Because the genuine issues AI presents are not technical ones - they are financial ones, legal ones, social ones, and as Pope Leo has explained in his outstanding first Papal Encyclical, Magnifica Humanitas, there is likewise ethical and spiritual ones.

Last week, the Department of Employment and Workplace Relations released real-time, data-driven analysis of AI's effect on the labour market. The first research study of this kind by any government anywhere in the world.

Our experienced and varied workforce is just one of the reasons that the world is queuing up to invest in Australia. Consider what international investors look for and then think about what we have: World class universities, producing skilled graduates and high-quality research.

The sunshine to power inexpensive, renewable, trustworthy energy. Strong bonds with the fastest growing region of the world in human history. A legal and monetary system at the top of the global ladder for stability, the security of deals, timeliness of payments and clever usage of technology. And underpinning everything - a steady democracy.

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Simply as our Federal government's Future Made in Australia agenda is about making the many of these nationwide strengths making more things here, to make ourselves more durable and more sovereign we must bring this exact same aspiration to the chances of AI.We can not settle for a short-term boom in capital expense and building and construction.

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And while the world is looking to us, we understand it will not wait on us. If we hang back, or stall, this will run right over the top people. And if we descend into self-doubt, or roam out into the international market as a disparate collection of states and councils and business and companies, instead of one nation, then others will compose the guidelines and - possibly - they will play by them.

It would indicate subcontracting our sovereignty and security to the control of foreign monopolies. And relegating our workers 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 constantly based on somebody else, someplace else, we will constantly be susceptible.

It is why we enacted laws to keep the NBN in public hands. That even as communications innovation is progressively dispersed among different networks and abroad interests, Australians maintain sovereignty over our high-speed internet. Our excellent nation can be a lot more than an information storage facility for AI items made overseas.