An Australian Space Agency At Last?

Dante_J writes "In the Australian Federal budget presented last night, as well as big national infrastructure spending, an amount of $48.6 million over four years was allocated for an 'Australian Space Science Program.' Normally a space program is managed by a space agency. Does this now mean that Australia will follow the recommendations of the Senate Space Science report and give up its rather inadequate title of the only top-20 GDP nation not to have one? With nations like Vietnam, Bangladesh and Bulgaria forming or maintaining space agencies, this government infrastructure is obviously not limited to G-20 nations. Discussions to combine Australian and New Zealand airspace have been undertaken; should that translate to aerospace too, and both nations form an ANZAC space agency together?"