Federal Budget invests $2B for digital solutions and cyber security
Share
The Australian Government is investing over $2 billion in new digital solutions aimed at modernizing outdated IT systems and ensuring that critical future investments are optimized for taxpayers.
As part of this initiative, the government is allocating $86.5 million to establish a National Anti-Scam Centre that will work to disrupt investment scam websites and prevent scammers from imitating trusted brand names.
The Australian Securities and Investments Commission will lead this effort, which includes the establishment of Australia’s first SMS Sender ID Registry.
The Office of the Australian Information Commissioner will also receive $44.3 million to enhance its regulatory action, data and analytics capabilities, and support the creation of a standalone Privacy Commissioner.
$134.5 million has also been provided to sustain the myGov platform for another year, ensuring that the platform continues to securely support over 25 million accounts and connect Australians to government services. The investment will cover maintenance of streamlined and secure digital credentials such as the Medicare Card.
“We welcome the Albanese government’s commitment to maintaining this critical interface with the Australian public, allocating $134.5 million in 2023-24 to sustain the myGov platform,” Granicus Managing Director for ANZ Matthew Ball said.
“Australians expect modern digital experiences to underpin any service they interact with these days – whether its online shopping or lodging a tax return. To be effective at the most basic level, governments must meet the needs of their communities – and that starts with efficient, accessible, and easy digital interactions.”
The Digital ID will also be expanded under the Federal Budget to help increase efficiency and consumer protection, reduce fraud, and make it easier for people to access services online.
Meanwhile, the Consumer Data Right will receive $88.8 million over two years to support cybersecurity and its implementation in banking, energy, and non-bank lending sectors.
Finally, the government is allocating $101.2 million over five years to support the growth of critical technology industries, with a focus on quantum and artificial intelligence.
This includes extending the National AI Centre’s role in supporting responsible AI usage and the creation of an Australian Centre for Quantum Growth to connect and amplify Australia’s quantum ecosystem.
The government hopes that these investments towards digital solutions will create a more productive and safer digital future for Australians, improving service delivery and enhancing cybersecurity.
Eliza is a content producer and editor at Public Spectrum. She is an experienced writer on topics related to the government and to the public, as well as stories that uplift and improve the community.
Today’s Pick
11th Annual Aus Goverment Data Summit
April 1, 2025
7th Annual NZ Government Data Summit
May 7, 2025
3rd Public Sector Comms Week
May 14, 2025
Subscribe
We send emails,
but we do not spam
Join our mailing list to be on the front lines of healthcare , get exclusive content, and promos.
AI appointment Australia Australian boost boosts business businesses covid-19 cyber cyber attack cyber security cybersecurity data data breach data management defence Digital Education employment enhance enhances Featured Leader fraud funding government grants Healthcare infrastructure Innovation Lockdown new zealand NSW NZ online Procurement public Public Sector queensland renewable energy scams Social Media Technology telecommunications victoria
Last Viewed