The Australian Information Industry Association (AIIA) has welcomed the Federal Government's eleventh budget, which contains some positive drivers for the ICT industries in Australia.
The Budget also announces 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 encourages future growth of the ICT industry. It will certainly give investors a better reason to invest in and to support fast growing technology companies. The new budget initiatives directly complement a number of the programs that AIIA is implementing to encourage the growth of the ICT market and encourages ICT SMEs to establish partnerships with similar small Australian companies and to forge alliances with multinational corporations that enable them to tap into resources. This is a good budget that has the potential to deliver positive growth to the ICT industry