Sales & Marketing
Training & Development
PCs & Servers
Imaging & Printing
ACS chuffed over budget ICT gains
May 11, 2006 9:53 AM
The Australian Computer Society (ACS) has acknowledged the gains for the ICT sector in the this year's Federal Budget and called on the Government to continue making technology a national priority.
The Australian Computer Society (ACS) has acknowledged the gains for the ICT sector in the 2006-07 Federal Budget and called on the Government to continue making technology a national priority.
ACS President Philip Argy said the Budget initiatives of value for the industry were those designed to stimulate growth for SMEs.
“The local ICT sector is largely made up of small to medium size enterprises and this is where technology innovation lies,” he said.
“We were encouraged by the venture capital initiatives in this year’s budget, including $200 million for technology development via an innovation investment fund program and a further $73 million for Invest Australia.”
Argy said the group also welcomed the increase in value for depreciating business assets, which should have a powerful flow on effect for local technology suppliers by encouraging business to invest in new or updated technology.
Other ICT-friendly initiatives were $22.9 million in funding to contribute to the provision of online content for all students and teachers and enable schools to gain better access to digital resources and a $495 million overhaul of Department of Immigration (DIMIA) computer system.
Argy called upon DIMIA to structure the tender so it fully considers local SMEs, and not just the larger suppliers.
ICT-related initiatives announced in the budget included, the encouragement of venture capital investment through an introduction of venture capital limited partnership (ESVCLP) investment vehicle, backed by $200 million to support a third round of the Innovation Investment Fund program.
Around $22.9 million will go to schools over four years to support services to promote national consistency and contribute to the provision of online content for all students and teachers.
The government also planned to improve depreciation arrangements by increasing the diminishing value rate from 150 percent to 200 percent for depreciating assets. This will provide Australian business with an incentive to keep pace with new technology and remain competitive.
Telecommunications consumer representation and research grants of $3.4 million will be provided over the next four years to support organisations that represent the interests of consumers or conduct research into telecommunications issues.
ICT companies would receive $495 million from Department of Immigrationto provide Australian ICT companies with $495million as part of their ‘Systems for the People’ project.
The Australian Information Industry Association (AIIA) has also welcomed the budget.
Rob Durie, chief executive officer, AIIA said the budget initiatives contain some very positive drivers for the ICT industry.
"The tax cut for depreciation of investments which will be worth some $3.7 billion to Australian businesses over the next four years, along with the other key initiatives that we feel will assist in encouraging future growth of the ICT industry," he said.
Follow us on
Optus Business harvests $160m from ICT services in one quarter
Resellers and MSPs gush over federal budget
Optus snaps up former HP Australia chief
First: Next-gen Carbon Nanotube computer built
HP Inc shares plunge 16% in one day
What’s the big secret with Surface?
Westcon-Comstor brings ‘self-healing’ storage to Australia
Dimension Data named Genesys Asia-Pacific MVP
Poll results: public cloud providers
Send us your tips
You must be a registered member of CRN to post a comment.
Click here to login
Click here to register
Revealed: The 2015 CRN Fast50!
Meet the fastest-growing IT service providers in Australia.
Microsoft Band 2 review: good... but not great
Comfortable after redesign, but still has many flaws as the original.
Moody's to count cyber risks in company credit ratings
Data security now a financial issue, not just reputational.
Sign up to receive CRN email bulletins
Dimension Data still on notice as NTT plans $500m cost cutting
Telstra kicks off 'root and branch' review of partner program
Review: Microsoft Surface Pro 4
Australian IT superpower born as CSC-UXC deal approved
Hands on with the HP Elite X2
Powered by Disqus
Was your most important vendor the same in 2015 as in 2014?
view previous polls »
Powered by Disqus
CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.
What's in this issue?
Most popular tech stories
7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero
14 Windows 10 problems… and how you can fix them forever
Windows 10's Cortana gets Australian makeover
Dick Smith gadget turns your iPhone into satellite phone
The 15 ESSENTIAL Windows 10 tips and tricks you need to know
NBN considering overbuilding dodgy $800m Optus cable
Aurizon CIO quits
Opal card behind NSW public transport revenue decline
IAG hires Deloitte IT director as 'disruptive' tech deputy
Aussie bricklaying robot brings the fight to builders
How to: How much RAM do you really need?
Top 25 fantasy games of all time
Backups: the 3-2-1 rule and you
14 Windows 10 problems - and how to fix them forever!
Our second Intel 750 SSD winner!
Get a Paladins closed beta code!
Star Wars original trilogy heroes and villains
10 Xbox One exlusives that Microsoft needs to port to Windows 10
Review: Intel i7-4970K
Runescape and coming home
PC & Tech Authority
nextmedia Pty Ltd
. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's
Terms & Conditions
Login to CRN
Email or Username:
* Email or Username required
* Password required
Forgot your password?
Don't have an account? Register now!
To request a
, enter the email address linked to your CRN account and we'll send one to you.
* Email required
* Invalid Email address
* Invalid Email address
Click here to return to Login Form
comments powered by Disqus.