Realizing that the Kistler deal is not costing the federal government any money and might encourage the odd local to look skyward, the Australian government will provide significant tax exemptions to Kistler with no sales taxes being applied to launches from Australia. The rationale being, the goods are for re-export out of Australia (into orbit) and hence eligible for tax exemptions.

The exemption was announced today by the Treasurer, Peter Costello, and the Minister for Industry, Science and Tourism, John Moore.

"This is a green light for an exciting and profitable industry to establish in Australia," Mr Costello said. "The Government decision to grant, as from today, a WST exemption for equipment that is actually launched provides a significant boost for the commercial space launch industry in Australia."

Mr Moore, who manages the most unlikely collection of ministerial responsibilities, said the agreement sends a clear message to potential investors, confirming the Federal Government�s support for this new industry.

"Today�s announcement reflects our commitment to boosting investment through the policies outlined in the Government�s industry statement, Investing for Growth. In this case, the net economic benefits for Australia are clear and without this support the project may not have proceeded."

"Satellites will be key components in the highly competitive information and technology and communications industries," said Mr Moore. "The Federal Government�s policies are placing Australia at the forefront of this state-of-the-art industry."

The WST agreement will enable ventures such as the Kistler Aerospace project at Woomera to confidently take the first step in preparing infrastructure for launch operations in Australia.

"Construction and operation of space launch facilities will generate employment and contribute to national and regional economic growth," Mr Moore said.

"Our well developed infrastructure and technically proficient workforce, coupled with our ideal geographic location, makes Australia the perfect investment opportunity for the booming global space launch industry," said Mr Moore.

Both Mr Costello and Mr Moore acknowledged that the Federal Government�s decision to grant WST exemption for launched equipment in space launch operations will further enhance Australia�s attractiveness to investors in this specialised field.

Meanwhile Mr Moore, Australians live in hope of receiving similar industry development assistance for anything other than a wool bale or cotton farm.

Australia's Minister for Industry, Science and Tourism

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