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The Federal Budget 2021-22: Technology wins


The Federal Budget 2021-22: Technology wins
Technology goodies inside this year s Budget
Credit: Victor Diola Jr Dreamstime
The 2021-22 Federal Budget has been released and it has a big technology focus, with the Government pledging nearly AU$1 billion as part of its Digital Economy Strategy. This funding includes spending for Artificial Intelligence (AI), the improvement of Australia’s digital connectivity, and for the development of digital skills for workers, to allow Australia to better compete with the rest of the world in key areas of the digital economy.
Boost to the Government’s Artificial Intelligence Action Plan
To boost the development of AI in business and to break down barriers to the AI industry, Treasurer Josh Frydenberg announced $124.1 million in funding for AI as part of the Government’s Artificial Intelligence Action Plan. Approximately $53.8 million of these funds will go towards setting up a National Artificial Intelligence ....

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Spy drones, radar jammers: Defence's new war toys

The new financial year will see one of the biggest military defence deliveries in a generation amid a rapidly deteriorating and uncertain region. ....

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How the Budget helps Australia fight back against China


Australia will bolster its defence force, provide more funding for its spies and help exporters find new markets in a massive push back against China. 
Canberra-Beijing relations have deteriorated since last year when Prime Minister Scott Morrison called for an independent inquiry into the origins of coronavirus which was identified in the Chinese city of Wuhan.
China has blocked key Australian exports including coal, seafood, beef and barley - and has been blamed for a series of ongoing cyber attacks on Australian institutions.
Some analysts have warned there could be war in the Pacific region in the next five years if China tries to reunify Taiwan by reclaiming the self-governing island of 25 million people. ....

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Budget 2021: Josh Frydenberg's focus on clever manufacturing denotes a historic shift


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Josh Frydenberg has zoned in on the sweet spot for this year’s budget.
It’s one where the political space for more fiscal largesse provided by the COVID-19 crisis – but also, paradoxically, from a stronger-than-expected Australian economic recovery from the pandemic – means he can invest more in jobs, aged care, skills, education and mental health.
It means that, broadly speaking, windfall tax receipts from iron ore prices of more than $200 per tonne and lower transfer payments resulting from a remarkable jobs recovery will be neutered by increased government spending.
Frydenberg’s fiscal “as you were” also means that, according to his budget, there is no need for a local increase in income taxes, such as the imposts recently announced in the US and much of Europe; hence the sweet spot. ....

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Government launches cyber security scheme to help SMEs


Government launches cyber security scheme to help SMEs
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The federal government has announced a $26.5-million program aimed at strengthening the country’s cyber security capabilities, particularly within the SME sector.
Under the Cyber Security Skills Partnership Innovation Fund, grants of between $250,000 and $3 million will be provided to improve the quality and availability of cyber security professionals through training.
The fund is part of the $50-million Cyber Security National Workforce Growth Program that forms the federal government’s Cyber Security Strategy 2020.
Eligible activities may include developing and delivering specialist cyber security courses for professionals; retraining programs; professional development; apprenticeships; establishing new internships, cadetships, work experience and staff exchanges; and establishing cyber labs and training facilities. ....

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