The Tech Council of Australia (TCA) supports a range of initiatives announced in the Budget to grow skills, and to support the development of energy technology to advance Australia’s economic growth.
The TCA is disappointed that no explicit tech sector investment was included in the package of budget measures. This is a missed opportunity to build our national competitiveness – at a time of domestic productivity decline, and of critical global trade volatility.
The TCA will continue to engage with the Government to ensure that technology investment sits front-and-centre of its 2025 election platform. Technology investment complements the Government’s Future Made In Australia (FMIA), training and education programs, which reflect a welcome focus on building sovereign industry capability.
We encourage the Government and the Opposition to formalise their support of our Tech Investment Target: to expand both R&D investment and technology adoption to comprise 4.6% of Australia’s share of GDP within the next decade. There are several Budget measures – including training and business cost-relief – that contribute to this goal.
We look to further announcements in election platforms that will help achieve our shared goal to secure Australia’s global tech competitiveness – and support our growing tech workforce and investment base.
Similarly, we welcome the Government’s commitment to drive innovation in the renewable energy transition, which includes a $2 billion investment through the Clean Energy Finance Corporation. This aligns with the mission of our Consumer Energy Tech Alliance (CETA) which is to expand Australian-grown technology solutions for grid orchestration – empowering consumers to optimise energy use through behind-the-meter solutions and reduce energy bills. We will continue to engage with all sides of Parliament to ensure that consumer energy resources are a focus of the next term, particularly from a regulatory perspective.
We look forward to working with the Government as we await details on announced changes to non-compete clauses and how these may impact tech businesses.
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For media queries
Sofia Polak, Akin Agency
media@techcouncil.com.au
0434 275 449
About the Tech Council of Australia
The Tech Council of Australia is the peak industry body for Australia’s tech sector. Providing a trusted voice for Australia’s technology industry, with over 160 members, the Tech Council comprises the full spectrum of tech companies.
We aim to advise and engage with Australian governments, businesses, and the wider community to help support the ongoing creation, development, and adoption of technology across industries.
Our vision is for a prosperous Australia that thrives by harnessing the power of technology.
