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Budget 2010 news centre

Budget 2010 news centre

What it will mean for information and communications technology

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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