Rehan D'Almedia

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

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

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

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

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

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 »


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 »


The government wants to know what you think about robotics

- April 5, 2023 2 MIN READ

The federal government has issued a discussion paper on the development of a new National Robotics Strategy to better understand the opportunities and challenges for Australian industries adopting robotics and automation. Industry and science minister Ed Husic said the discussion paper will help guide a conversation on growing the production and responsible use of robotics… Read more »


How the $15 billion National Reconstruction Fund will transform high-tech manufacturing – and 3 things to make it better

- April 4, 2023 3 MIN READ

Australia’s federal parliament has approved a A$15 billion National Reconstruction Fund, intended to reverse the nation’s dwindling manufacturing sector. It is the “first step” in Prime Minister Anthony Albanese’s election promise “to revive our ability to make world-class products.” The fund will focus on investing in high-tech manufacturing. There are seven priority areas: clean energy… Read more »

Michelle Simmons, Ed Husic

The government’s $15 billion National Reconstruction Fund is now a thing

- March 29, 2023 2 MIN READ

The Albanese government’s plan for a $15 billion National Reconstruction Fund to invest in technology, science and manufacturing became a reality today after the Senate passed the legislation last night, before the House of Representatives gave final approval at lunchtime today. Industry and science minister Ed Husic said passing the legislation delivers on a major Labor… Read more »