Don't have time to sift through the rhetoric surrounding the Federal Government 2010 budget? Here's a rundown of how it will affect ICT.
- E-health, ePassports, the National Broadband Network, Centrelink and biosecurity were some of the major winners for ICT.
- The Federal Government will consolidate business registries, a plan that will be funded by $125.2 million over four years.
- E-health became the biggest point of ICT investment in the Federal Government's 2010 Budget. Treasurer Wayne Swan announced a $466.7 million commitment to voluntary, personally controlled electronic patient records over two years. The funding is part of a larger, $2.2 billion investment in the health sector which the Government expects to fund through the increased cigarettes excise, amounting $2.3 billion over the next two years. Industry groups, however, have warned that e-health reform will require a bottom-up approach if it is to be successful.
- ICT will play a key role in boosting Australia’s national security, thanks to $500 million worth of funding. And $100.8 million in funding will be provided by the Government over six years to develop a new passport issuing system.
- The Federal Government will release $300 million in Infrastructure Bonds over the next 12 months to help fund its investment in NBN Co. The bonds will be issued to both household and institutional investors.
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