Why? Australia did well on the back of exporting commodities. They seem to be able to decide their own future just fine. At least not worse than anyone else.
(They had a bit of manufacturing, but it was mostly ill-fated. A substantial portion came from misguided attempts at industrial policy.)
Australia is already a developed country and hence the importance of Industrialization/Manufacturing may not be as applicable to it as to other developing countries. It seems to be unique in its Mineral wealth which i suspect is what propelled it into the "Developed" category (https://en.wikipedia.org/wiki/Economy_of_Australia).
It is Industrialization/Manufacturing which gives any country a stake in the Global Economic framework and hence its "worth" in the World. Note that Manufacturing in the 21st century is quite different from what it was in the 19th/20th centuries. The Covid pandemic and the Ukraine-Russia war has exposed the weaknesses in the Global Supply Chain i.e. a single point of failure due to complete dependency on a single Nation (i.e. China) and this needs to be reworked into a true distributed system. Every Nation needs a certain degree of Self-Sufficiency/Self-Autonomy to hold its own in the "New World Order". Finally Manufacturing is the driver for everything else like a)Innovation b)Productivity c)Standard of Living etc. which are at the very heart of development.
Also every developing country needs its own base manufacturing industry in somethings to give it some degree of autonomy in deciding its own future.