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Digital business plan to drive Australia’s economic recovery

Media Releases

Date : 26 September 2020

Author: The Hon. Scott Morrison MP & The Hon. Josh Frydenberg MP

The Hon. Scott Morrison MP

Prime Minister

The Hon. Josh Frydenberg MP

Treasurer

JOINT MEDIA RELEASE

 29 September 2020

DIGITAL BUSINESS PLAN TO DRIVE AUSTRALIA’S ECONOMIC RECOVERY

The Morrison Government is investing almost $800 million to enable businesses to take advantage of digital technologies to grow their businesses and create jobs as part of our economic recovery plan.

The COVID-19 pandemic has accelerated the adoption of digital technologies by Australian businesses and consumers, which has enabled many to transform their operations and continue to trade through the crisis.

Prime Minister Scott Morrison said this year’s Budget would support businesses to recover, build back and create more jobs as part of our economic recovery plan.

“Many businesses moved online quickly when the pandemic hit, undergoing a decade of change in months, finding new customers or new ways of doing things,” the Prime Minister said.

“Our JobMaker Digital Business Plan provides significant backing to continue that digital push and expand opportunities for businesses to grow and create more jobs.

“The Plan supports Australia’s economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses and backs the uptake of technology across the economy.”

Treasurer Josh Frydenberg said the Government was investing in Australia’s digital economy to keep businesses in business and Australians in jobs as part of our economic recovery plan.

“The Government’s Digital Business plan is targeted at building on this digital transformation of Australian businesses to drive productivity and income growth and create jobs,” the Treasurer said.

“Our Digital Infrastructure package is estimated to increase Australia’s GDP by $6.4 billion a year by 2024 and around $1.5 billion of this additional economic activity is estimated to flow to regional Australia each year.”

Key elements of the Digital Business Plan include:

These initiatives are in addition to the Government’s $4.5 billion NBN investment plan to bring ultra-fast broadband to millions of families and businesses across the economy over the next two years.

They also complement our actions to build digital skills and to improve trust and security in the digital economy, including through the $1.67 billion investment in the 2020 Cyber Security Strategy and investments in online safety.

The Digital Business Plan is part of the Government’s economic recovery plan to grow the economy and create jobs and supports our goal for Australia to be a leading digital economy and society by 2030.

[ENDS]

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