Shaping up to the nanotechnology challenge

Australia's regulatory systems are well placed to respond to the introduction of nanotechnology products. Two documents identify areas for further work and the way the government will address emerging nanotechnology issues.

'A Review of Possible Impacts of Nanotechnology on Australia's Regulatory Framework' was independently conducted by the Centre for Regulatory Studies at Monash University. The review found that while there is no immediate need for major changes to the regulatory regime, there are many areas which potentially will need amending.

Senator Kim Carr, Minister for Innovation, Industry, Science and Research, said: "Nanotechnology is developing very quickly on a global scale. Governments, industry and research need to be flexible and active to keep pace with these developments. We need a long-term effort across multiple government agencies and we are committed to that.

"In the interests of open government we are today publishing two documents on the regulation and application of this emerging technology.

"At the same time I am issuing the Australian Government Approach to the Responsible Management of Nanotechnology," Senator Carr said.

This document identifies three guiding objectives for nanotechnology management:

• protect the health and safety of humans and the environment;
• foster informed community debate; and
• achieve economic and social benefits from the responsible adoption of nanotechnology.

"The government is committed to capturing the benefits of nanotechnology, while addressing any potential health, safety and environmental risks," Senator Carr said.

Copies of both documents are available.