Category: Business and Economy

Latest Independent Commentary on Business & the Economy

New cyber strategy to consider data localisation rules: O’Neil

Home Affairs and Cybersecurity minister Clare O’Neil is considering local data storage requirements in Australia to improve the security of sensitive data, as the government begins work on a new cybersecurity strategy. Following her address to the National Press Club on Thursday, Ms O’Neil described data localisation as “really

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A billion-dollar industry set to take off

The Albanese government has moved quickly to put innovation on the agenda. Research into new technologies – robotics, cyber, AI and quantum – will be a national priority. But where are the domestic industries that will leverage these innovations, and many more to boot? Aerospace and advanced air mobility

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Govt cyber reset to make Australia ‘most secure’ country

Australia will be “the world’s most cyber-secure country by 2030” under an ambitious new plan outlined by Cyber minister Clare O’Neil in Canberra on Thursday. It includes an entirely new national strategy, new sovereign capabilities and a hardening government systems and critical infrastructure. The Home Affairs and Cybersecurity minister

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Big Tech inquiry eyes cloud, competition and the metaverse

Australian lawmakers will consider a new regulator, rules for algorithms and a light touch approach to the metaverse while “mapping” Big Tech over the next year. The focus is squarely on the so-called ‘Big Five’ US firms and their growing market power and influence. The five companies – Google

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More Independent Commentary on Business & the Economy

Time’s up for government procurement reform

Former senior public servants have blasted the federal government’s technology procurement “failings”, including almost no action on the reforms promised half a decade ago, while calling for an overhaul of technology buying. The experts — who include former senior executives at the Digital Transformation Agency (DTA) — want a

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Critical minerals win $100m following record Qld surplus

A new $100 million Critical Minerals Investment Fund will be established by the Queensland government following a record budget surplus. The fund will be managed by the Queensland Investment Corporation. While equity investments are expected to be made in a similar way to other government funds, the final framework

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NSW startups share in $5m Physical Sciences Fund

Low-cost green hydrogen, construction site dust monitors, AI-based crop prediction software and a connected vehicles platform are among the solutions to receive support from the New South Wales government’s Physical Sciences Fund this year. 2022 recipients were announced at an event in Sydney on Wednesday, marking the fourth year

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Critical minerals players urge FIRB reform, highlight tech priorities

New research on critical minerals sector participants has recommended that the Foreign Investment Review Board be reformed to “streamline” investment and outline which part of the value chain technology investment should prioritise. The report notes that some respondents called for the establishment of a “full-time, impartial review board with

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