Business woman prepare writing a check
Politics

CHEQUE OUT TIME: the Australian government’s payments strategy plan goes digital, ending cheques by 2030

- June 9, 2023 3 MIN READ

Buoyed by dramatic changes in the way consumers pay for goods and services, Australia’s payments processing ecosystem will be overhauled based on a new strategic plan that includes the phasing out of cheques and full transition to the New Payments Platform (NPP). The newly launched Strategic Plan for Australia’s Payments System – developed through consultation with regulators,… Read more »

Tom Cruise Minority Report
Politics

The Australian government is going to force Big Tech to scan your photos and emails for illegal things

- June 7, 2023 3 MIN READ

Tech giants will be forced to scan Australians’ emails, online photo libraries, cloud storage accounts and dating sites for illegal content or face fines of nearly $700,000 per day, the eSafety Commissioner has said after rejecting two proposed industry codes as inadequate. Developed by key service providers and delivered to eSafety in February for review, the problematic… Read more »

Rehan D'Almedia
Politics

FinTech Australia and open banking companies want the federal government to sort out a consumer data right roadmap

- May 30, 2023 3 MIN READ

Australia’s roll out of open banking under the consumer data right (CDR) is stalling ahead of the third anniversary of its introduction, with industry lobby groups and the fintech sector calling on the federal government to put in place a long sought-after roadmap for CDR implementation. FinTech Australia and the Financial Data and Technology Association… Read more »

Kate Pounder
Politics

3 things the Tech Council likes about the 2023 federal budget

- May 9, 2023 3 MIN READ

The Tech Council of Australia (TCA) has welcomed federal budget announcements backing skilled migration, cybersecurity and a new commercialisation fund.  TCA CEO Kate Pounder said the measures by Treasurer Jim Chalmers aligned with the priorities in the Council’s pre-budget submission. “The Budget takes important steps to address the big challenges facing our country, including skills… Read more »

Jim Chalmers
Politics

Budget 2023: what you need to know and what it all means at a glance

- May 9, 2023 < 1 MIN READ

Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates. While Chalmers says the economy should continue to create jobs and unemployment is expected to remain historically low, inflation remains the top economic concern. Chalmers says… Read more »

Ed Husic
Politics

Budget gives startups $392 million fund to commercialise ideas, plus $101m for quantum and AI

- May 9, 2023 3 MIN READ

The 2023 federal budget has earmarked $392 million Industry Growth Program in advice and grants for startups and small businesses, to help them commercialise their ideas. The announcement by federal treasurer Jim Chalmers in the 2023 budget on Tuesday night is part of more than $500 million in funding that science and industry minister Ed Husic… Read more »

Lance Bombardier Jarrod Logan, launches a Wasp unmanned aerial system
Politics

Australia is pouring $3.4 billion into a defence capabilities accelerator

- May 1, 2023 2 MIN READ

The federal government has earmarked $3.4 billion over the next decade for an Advanced Strategic Capabilities Accelerator (ASCA) to develop advanced military technologies. The proposal is part of the Defence Strategic Review released last week, which recommends spending $19 billion over the next four years amid more effective support for innovation, faster acquisition and better… Read more »

Electric vehicles
Politics

Australia released its long-awaited electric vehicle strategy but will it meet its emission-reduction targets?

- April 20, 2023 4 MIN READ

Australia’s first National Electric Vehicle Strategy, released today, details the government’s long-awaited plans to accelerate the adoption of these vehicles. Consultations on the strategy began last September. The climate change and energy minister, Chris Bowen, then promised the strategy would make Australia a globally competitive market for electric vehicles. Households and businesses would have access… Read more »

TikTok
Politics

The Australian government has banned TikTok on public service devices amid China fears

- April 6, 2023 3 MIN READ

The Australian government has banned TikTok from all public service devices, claiming the app poses “significant protective security risk” to the Commonwealth. Attorney-General Mark Dreyfus announced on Tuesday he had authorised a mandatory direction to ban the TikTok social media app from any device issued by a Commonwealth department or agency. State and territory governments… Read more »