UN General Assembly
1970

155. It is a matter of regret that the Committee on the Peaceful Uses of Outer Space has not been able to negotiate a convention on liability for damage caused by space objects. Australia, with most other countries, has argued strongly in favor of a convention that would provide certain, prompt and equitable compensation for the victims of space damage. This remains an area in which technology is moving dangerously far ahead of the law. 156. Advances in science and technology have also created a need for international legal action in regard to the seas and the seabed. The problems involved are urgent, comprising both the review of old concepts and the development of new ones. The substantive decisions that must be made will be important for Governments and their peoples and for the international community at large.