Now that the dust has settled on the 2021–22 federal Budget, here is a brief overview on what is in it for the tech sector. While there were many positives in the federal Budget 2021, I will gladly support the more cautious and collective shrugging of the shoulders by the technology sector. The technology industry received $1.2bn funding support — from this around $500m goes to two federal government projects. That leaves $700m for everything else. Considering how much everything costs in the tech sector, it is a relatively small funding pie.
So it is candy time again, where the various parties line up to promise us goodies or scaries. Technology touches on most portfolios in some shape or form and — while we haven’t been able to address all of the portfolios and announcements here — we have taken a look at some of the technology-related policies and announcements from the major parties, and provide our take on what these mean for the information technology sector.