The Digital economy strategy 2030, released with the 2021-22 Budget, sets the framework and direction to achieve the 2030 vision.

The first iteration of the strategy included a landmark investment of $1.2 billion. A further $347 million has been provided over the last year bolstering investment in the digital economy.

This update provides details on the progress made on these investments and the tangible benefits that are being delivered to Australians and Australian businesses. The 2022 update highlights new actions taken since the strategy’s launch which include:

• $1 billion for the Technology Investment Boost
• $70 million to establish a Quantum Commercialisation Hub
• $22.6 million to further support 5G innovation
• $3.9 million for helping women transition mid-career to digital workforce
• Reforming Australia’s payment system for the digital age