Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Australian Budget to invest over A$36 billion in defence technology and industry

Australian Budget to invest over A$36 billion in defence technology and industry

On 8 May, the Australian Government has released its Budget 2018-19 on 8 May, pledging to
invest over A$36 billion in defence technology and industry.

According to a press
statement
by Minister for Defence Senator the Hon Marise Payne, Australia’s
first priority remains to be the safety and security of Australia and its
people.

As reported
earlier
, the Australian Government released its new National
security science and technology policy agenda aimed at strengthening
Australia’s national security this month. The paper outlines the national
security science and technology priorities, governance arrangements and
engagement mechanisms as they exist now, these will need to co-evolve as
arrangements are re-defined under the new national security architecture, with
the establishment of the Home
Affairs
 portfolio and the Office of National Intelligence.

The 2018–19 Budget will continue to provide funding to support
the country’s plan to nurture a defence technology and innovation industry and boost
defence capabilities through the Defence Integrated Investment Program as set
out in the 2016
Defence White Paper
and reinforced in the 2017 Foreign
Policy White Paper.

The Budget maintains the Australian Government‘s commitment
to provide Defence with a stable and sustainable funding with the Defence
budget growing to two% of GDP by 2020–21. The Government will provide Defence with
A$36.4 billion in 2018–19 and A$160.7 billion over the forward estimates.

Supporting defence
industry

In building capability in the defence industry sector across
the defence supply chain, the Australian Government’s Defence Industrial
Capability Plan
is supporting businesses through a A$200 billion investment in
defence over the next decade, which includes a naval shipbuilding program,
which will invest around A$90 billion to develop the Royal Australian Navy
of the future, while creating a strong and sustainable Australian naval
shipbuilding industry with more Australian jobs,

A new Sovereign Industrial Capability Grants Program worth
up to A$17 million per year will help small businesses in the defence industry
buy equipment.

The Defence Innovation Hub is also expected to expand on its
success as its program matures and builds towards a full portfolio of
innovation investment. Since its launch in December 2016, the Defence
Innovation Hub has awarded 37 contracts totaling more than A56 million,
and manages a portfolio of legacy innovation projects worth approximately A$62
million.

Using technology to bolster
border security and combat crime

At the same time, the Australian Government will also invest
A$294 million
package
to bolster border services to boost its national security.  The package includes a A$122 million to
enhance screening capability for inbound air cargo and international mail with
new and upgraded equipment and advanced technology; and A$50.1 million to
support 64 regional airports to upgrade to new advanced screening technologies.
The Government will require major airports to upgrade screening technologies.

In combating transnational and
serious crime, the Australian Government will invest A$59.1 million for
the development of a new National Criminal Intelligence System that strengthen law
enforcement.

Another A$30 million will
be put to the Safer Communities Fund, which helps local councils and
organisations to improve community security through the roll out of closed
circuit television (CCTV), better lighting and crime prevention programs.

Upgrade of ICT
infrastructure and building a smarter biosecurity system

The
Government will put in A$130 million to upgrade the Department of Home
Affairs’ ICT infrastructure for visa processing, identity management and threat
analysis, to better detect and prevent threats.

To better prepare Australia for the heightened biosecurity
risk from the flow of people and goods across borders, the Government is
dedicating A$102 million to a smarter biosecurity system to better target
the prediction, surveillance and enforcement of biosecurity risks. The
Government will trial new diagnostic technologies for a seamless border process,
enhance industry partnerships and build national capacity to respond to pest
and disease incursions.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.