SEARCH
Budget tech spending welcomed, but more attention needed
Budget tech spending welcomed, but more attention needed
The professional association for Australia’s technology sector has welcomed the government’s commitment to the digital economy in the pre-election budget announcement.
On Tuesday, the government vowed to provide $130.1 million over four years from 2022‑23 to continue implementation of the Digital Economy Strategy and drive digital transformation, including $12.6 million per year ongoing from 2025‑26 to implement its response to the Inquiry into the Future Directions for the Consumer Data Right.
ACS has backed the announcement, however it has continued to call on all political parties to recognise the importance of the IT sector in regard to national security.
“ACS is extremely pleased to see the federal government has recognised cyber security as a key area in Australia’s defence posture,” ACS president Dr Nick Tate said.
“Protecting Australia’s digital infrastructure is essential to guaranteeing the nation’s security and keeping our industries and society running, so we welcome the cyber security investment.
“We would flag, however, that Australia needs a skilled workforce to maintain a robust cyber security sector and meet the demands of an increasingly digital economy and society.”
It comes after ACS released its own billion-dollar plan to boost the local tech sector last month, which included calls for spending on technology education and training.
ACS will host a debate in Canberra next month to debate the biggest priorities for Australia’s digital workforce in the coming years.
“Our election platform released last month proposed a range of education and training measures to grow our digital workforce and we look forward to exploring these in coming weeks,” Dr Tate said.
Read all about Tuesday’s pre-election budget announcement here.
About the author
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- ACE25 The Accounting Conference and Exhibition
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian AI Awards
- Australian Aviation Awards
- Australian Aviation Summit
- Australian Broking Awards
- Australian Cyber Awards
- Australian Cyber Summit
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Law Forum
- Australian Space Awards
- Australian Space Summit
- Australian Wealth Management Awards
- Australian Wealth Management Summit
- Better Business Awards
- Better Business Summit
- Broker Innovation Awards
- Broker Innovation Summit
- Budget Summit
- Commerical Finance Awards
- Corporate Counsel Summit
- Defence & National Security Workforce Awards
- Fund Manager of the Year Awards
- ifa Excellence Awards
- Lawyers Weekly 30 Under 30 Awards
- New Broker Academy
- Partner of the Year Awards
- Partner Summit
- REB Awards
- Rising Star Awards
- SME Bootcamp
- SMSF Technical Strategy Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Finance Summit
- Women in Law Awards
- Women in Law Forum
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
