Australian PM calls for 'ideas boom' as he unveils $1b vision for future

So in short they are making the same mistakes as just about every other Government in the world. They are expecting big breakthroughs through funding yesterday's successful research and leaving out fundamental research.

Whilst money into research is welcome, I'd expect to see the promises scaled back. The Australian Government has a long history of funding orthogonally or even in the antipodal direction of their yearly promises.