The material shows extraordinary properties not typical of regular material and can lead to development of photonics, the faster, more compact and less carbon-hungry successor to electronics.
A random find in the washing basket led the team to create the latest in a new breed of materials known as metamaterials.
"Our material can put a twist into light - that is, rotate its polarisation - orders of magnitude more strongly than natural materials," said lead author Mingkai Liu, a PhD student at The Australian National University (ANU) Research School of Physics and Engineering (RSPE).
Electronics is estimated to account for two per cent of the global carbon footprint, a figure which photonics has the potential to reduce significantly.
Already light carried by fibre optics, has replaced electricity for carrying signals over long distances.
The next step is to develop photonic analogues of electronic computer chips, by actively controlling the properties of light, such as its polarisation, researchers said.
The ability of a material to rotate polarisation, as in this experiment, springs from the asymmetry of a molecule.
However the remarkable properties of this artificial material might first be put to use in the budding photonics industry, suggests co-author Dr David Powell, also from RSPE.
"Thin slices of these materials can replace bulky collections of lenses and mirrors. This miniaturisation could lead to the creation of more compact opto-electronic devices, such as a light-based version of the electronic transistor," said Powell.
The metamaterials are formed from a pattern of tiny metal shapes, dubbed meta-atoms. To obtain optical rotation Liu and his colleagues used pairs of C-shaped meta-atoms, one suspended above the other by a fine wire.
When light is shined on to the pair of meta-atoms the top one rotates, making the system asymmetric.
The findings are published in the journal Nature Communications.
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