top of page

A modern digital economy to secure Australia's future

The Morrison Government is investing almost $1.2 billion in Australia’s digital future through the Digital Economy Strategy, as part of this year’s Federal Budget.


A modern digital economy to secure Australia's future

May 6, Sydney: The strategy outlines the policies and actions the Government is taking to grow Australia’s future as a modern and leading digital economy by 2030.



Prime Minister Scott Morrison said one of the biggest challenges and opportunities turns on how we respond to the digital transformation occurring in every sector and every facet of the lives.


“Every business in Australia is now a digital business. The tradesman or woman who seeks work through AirTasker. The landscaper finds most of their new business through search engine placement and social media. The farmer keeps track of their herd with electronic tags or drones. The local Thai restaurant that sells through UberEats, MenuLog, Deliveroo, or any one of half a dozen different food apps. The gym where members book their classes through an app,” the Prime Minister said.


This transformation is not merely a national one that needs to happen – it’s a global one that is happening.
We must keep our foot on the digital accelerator to secure our economic recovery from COVID-19.


The Strategy targets investment in emerging technologies, building digital skills, encouraging business investment and enhancing Government service delivery.


Through the Strategy, the Morrison Government is investing in jobs for Australians now and into the future with key initiatives including:

  • Over $100 million to support digital skills for Australians including a new pilot program for work-based digital cadetships that offer a flexible way for workers to build digital skills, investments in the cyber workforce, and scholarships for emerging technology graduates.

  • Building Australia’s capability in Artificial Intelligence with $124.1 million in initiatives, including a National Artificial Intelligence Centre led by CSIRO Data 61, supported by a network of AI and Digital Capability Centres to drive adoption of AI across the economy.

  • Enhancing Government services through a $200.1 million investment to overhaul myGov, making it easier than ever for Australians to find the services they need, as well as a $301.8 million investment to enhance the My Health Record and an expansion of the digital identity system.

  • Investment incentives to support business growth, including a Digital Games Tax Offset of 30 per cent to support Australia taking a greater share of the $250 billion global game development market, and changes to the way Australian businesses can claim depreciation of intangible assets like intellectual property and in-house software.

  • Helping small and medium businesses build their digital capacity through a $12.7 million expansion of the Digital Solutions - Australian Small Business Advisory Service, and $15.3 million to drive business uptake of e-Invoicing.

  • $35.7 million to support emerging aviation technologies like drones, including grants to support the use of these technologies to address priority needs in regional Australia.

  • Unlocking the value of data in the economy and setting the next generation of data management standards, including $111.3 million to accelerate the rollout of the Consumer Data Right in banking, energy and telecommunications.

  • Strengthening safety, security and trust with over $50 million to enhance cybersecurity in government, data centres and future telecommunications networks.



Treasurer Josh Frydenberg said a vibrant digital economy is a key to Australia’s economic future.


“The Digital Economy Strategy will allow Australian businesses to capitalise on the opportunities that digital technologies are creating,” the Treasurer said.


“Greater digital adoption will improve the competitiveness and lift the productivity – driving job creation and higher wages.”


Minister for the Digital Economy, Senator the Hon Jane Hume, said the 2021-22 Budget represents a landmark investment in Australia’s digital future.


“So many Australians are already participating in the digital economy, some without even realising it. Every contactless purchase, e-Invoice, business website or small business going online – it’s all part of it and it’s growing rapidly,” Minister Hume said.


“This is a really exciting announcement, which will drive investment and uptake of emerging technologies, unlock the value of data, build skills for a modern economy, and enhance Government service delivery.


“We want to improve Australians’ standard of living, create jobs and make access to Government services easier.


“Twenty years ago you might have looked in the phone book to find a plumber, now we turn to Google and comparison services – we get quotes within the same day and pay software-generated invoices on the mobiles. Think about how much time and administration work that saves. Australians rightly expect the Government to keep up with them, and to help chart the next step forward, and that’s exactly what we are doing with this Strategy.”



The Strategy builds on the Morrison Government’s investments in infrastructure, skills, cybersecurity, regulations and digital trade, taking the digital economy to spend to around $2 billion over the 2020-21 and 2021-22 Budgets, on top of the $1.67 billion Cyber Security Strategy 2020, $1 billion for JobTrainer and the $4.5 billion investment in NBN upgrades.


The full Digital Economic Strategy will be released on Budget night, alongside further measures that supporting and complementing the Strategy.


Read more from the below TAGS


People also reading-

8 views0 comments
Planner 5D- Interior design app

Planner 5D- Interior design app

Flipkart Online Shopping App

Flipkart Online Shopping App

World population to reach 8 billion this year, as the growth rate slows

July 12, 2022 at 6:57:56 AM

15 November 2022 is predicted to be the day that the global population reaches eight billion. The projection is revealed in the UN’s World Population Prospects 2022 report, which also shows that India is on course to surpass China as the world’s most populous country in 2023.

World population to reach 8 billion this year, as the growth rate slows

WHO: Nearly one billion people have a mental disorder

June 22, 2022 at 7:20:50 AM

Nearly one billion people worldwide suffer from some form of mental disorder, according to the latest UN data – a staggering figure that is even more worrying if you consider that it includes around one in seven teenagers.

WHO: Nearly one billion people have a mental disorder

What can the UN do? Check the top 5 questions answered

April 6, 2022 at 10:51:48 AM

The current war in Ukraine, following the Russian invasion, has sparked all sorts of questions about the United Nations, particularly the role of the Security Council, the General Assembly and the Secretary-General.

What can the UN do? Check the top 5 questions answered

Ukraine: UN’s Guterres joins call for Bucha war crimes probe

April 6, 2022 at 8:22:29 AM

UN chief António Guterres on Tuesday added his voice to the growing international calls for a war crimes investigation into the killing of civilians in the Ukrainian town of Bucha.

Ukraine: UN’s Guterres joins call for Bucha war crimes probe

Recent terrorist attacks in Israel undermine ‘prospects for peace’: Guterres

March 31, 2022 at 8:29:57 AM

Secretary-General António Guterres on Tuesday night condemned recent terrorist attacks in Israel that have claimed the lives of at least 11 Israeli citizens.

Recent terrorist attacks in Israel undermine ‘prospects for peace’: Guterres

China's BYD ceases to produce gasoline-powered vehicles

4/4/22, 7:00 AM

Chinese auto manufacturer BYD announced Sunday that it has already ceased the production of traditional gasoline-powered vehicles starting from March.

China's BYD ceases to produce gasoline-powered vehicles

Performance-oriented all-new ŠKODA SLAVIA 1.5 TSI Launched creates a segment of its own

3/27/22, 10:42 AM

All new ŠKODA SLAVIA 1.5 TSI starts at ₹ 16.19 lacs

Performance-oriented all-new ŠKODA SLAVIA 1.5 TSI Launched creates a segment of its own

CARS24 Raises $450 Million, Nearly Doubles Its Valuation To $1.84 Billion

9/25/21, 6:16 AM

CARS24, India’s leading e-commerce platform for pre-owned vehicles, announced today the closing of a $450M round of funding including a $340M Series F equity round alongside $110M debt from diversified financial institutions.

CARS24 Raises $450 Million, Nearly Doubles Its Valuation To $1.84 Billion

Tata Motors launches the ‘XPRES’ brand for fleet customers

7/18/21, 6:13 PM

Tata Motors, one of India’s leading automobile manufacturers, today announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers.

Tata Motors launches the ‘XPRES’ brand for fleet customers

Audi India announces curated ownership plans for Audi e-tron and Audi e-tron Sportback customers

7/18/21, 5:56 PM

Special Service Plans, Extended Warranty and Buyback for a hassle-free ownership experience

Audi India announces curated ownership plans for Audi e-tron and Audi e-tron Sportback customers

TikTok hits 1 billion global active users

9/28/21, 8:56 AM

TikTok mission is to inspire creativity and bring joy.

TikTok hits 1 billion global active users

FACT CHECK: Crypto is increasingly being used for criminal activity and is a haven for illicit finance

6/23/21, 6:11 AM

Because cryptocurrency is still new, we are often asked about the biggest myths surrounding it. It’s common for a new market or product to confuse people until they get familiar with it. Think about Airbnb: the idea of staying in a stranger’s home seemed crazy until it didn’t.

FACT CHECK: Crypto is increasingly being used for criminal activity and is a haven for illicit finance

PUBG: NEW STATE surpasses 17 Million Google play store PRE-REGISTRATIONS following its recent ALPHA TEST

6/19/21, 4:40 AM

KRAFTON, Inc. to open pre-registration for the game on Apple’s App Store in Q3 2021

PUBG: NEW STATE surpasses 17 Million Google play store PRE-REGISTRATIONS following its recent ALPHA TEST
bottom of page