ACS welcomes Digital Economy Strategy
Skills development is an important step, but more needs to be done to boost the nation’s skills.
6 May 2021
ACS, the professional association for Australia’s technology sector, today welcomes the Government's announcement today of $1.2 billion investment in the ICT industry through the Digital Economy Strategy.
Rupert Grayston, ACS Chief Executive officer said: “ACS is pleased the Federal government has recognised the important role our sector has in building the Australian economy, particularly as the nation recovers from the COVID lockdown.
“This year’s ACS Deloitte Access Economics Digital Pulse report, to be released next week, identifies the chronic skill shortages the sector faces, so the Artificial Intelligence and Emerging Technology Graduate Programs, along with the Digital Skills Cadetship trail are welcome, although we would highlight much more needs to be done to build the skilled workforce Australia needs to compete in the global connected economy.
“The revision to intangible assets depreciation rules along with the Digital Games Offset, will help boost investment in the sector and we look forward to working with the government on its review of Venture Capital Tax concessions ensuring the regime meets the needs of Australia’s startup and scale up technology businesses.”
-ENDS-
Director of Corporate Affairs and Public Policy
ACS is the professional association for Australia's technology sector. More than 45,000 ACS members work in business, education, government and the community. ACS exists to create the environment and provide the opportunities for members and partners to succeed. ACS strives technology professionals to be recognised as drivers of innovation in our society, relevant across all sectors, and to promote the formulation of effective policies on technology and related matters. Visit www.acs.org.au for more information.