You lost me when you said; "to generate quality jobs"
In the past the 2 major objections to Aus manufacturing were: -labour too expensive -too small a domestic market and the tyranny of distance to export markets.
IMO these 2 objections can be negated by well designed SEZs -automate manufacturing to max requiring minimum labour and where labour is required, import guest labour from countries that have low labour import costs to work exclusively in the SEZs -exclusively manufacture high value commodities/components that can be economically airfreighted to overseas markets (China airfreights tons of manufactured consumer rubbish to Aus daily so why not the reverse with high end products such as apple computer alloy casings / automotive aluminium casings etc etc etc.
RE Automated manufacture : This is capital intensive...not labour intensive.
But of course, if we think we can't...we can't .
PS: IMO we missed out on China's BRI membership because the Chinese could have shown us how local manufacturing is done (ie: Chinese manufacturing in Indonesia )