The Prime Minister, Scott Morrison, said that this year’s budget, as part of the economic stimulus package, is designed to support businesses and create more jobs. After the pandemic, many companies would have switched to more digitized options quickly, completed a decade of change in months, gained new customers or broke new ground. That is why the digital business plan is intended to continue this digital boost and create space for companies to grow further.
Other elements of the business plan include funding to build digital skills among employees, accelerating the roll-out of 5G across Australia and ensuring trust and cybersecurity in the digital economy. In addition, funding will also be provided for a new initiative to commercialize regulatory technologies to improve compliance and support digital technology companies in Australia. The plan also aims to help establish temporary arrangements to enable companies to hold virtual meetings and work with electronic documents on a permanent basis.
With this plan, Australia aims to be a leader in the digital economy and society by 2030.