Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Aus Financial sector leads push for e-commerce

Senator Ian Campbell, Parliamentary Secretary to the Minister for Communications, Information Technology and the Arts, today praised the financial sector for its willingness to invest in e-commerce during his keynote address at the Australian Securities and Investments Commission (ASIC) E-commerce: The Future for Financial Services conference in Sydney.

'The financial sector underpins the whole economy and has always been at the vanguard of the push to take up new technology,' Senator Campbell said.

'Investment in e-commerce has meant that Australia's economy is amongst the healthiest in the industrialised world.

'The Government is committed to ensuring that Australia remains at the forefront of the e-revolution through providing assistance, particularly to small and medium enterprises, and by providing a supportive legislative framework.'

Programs such as Information Technology On Line (ITOL) and the $158 million Building on IT Strengths (BITS) program - funded by the second partial sale of Telstra - encourage development and growth of the Australian Information Technology and Communications sector.

'Governments also need to be at the forefront of e-commerce and the Government Online strategy will revolutionise the way people do business with Government,' said Senator Campbell.

In 1997, the Prime Minister made a commitment that all appropriate services are provided online by 2001-this timeframe puts Australia several years ahead of the United Kingdom and the United States.

'Whether it is business or government, or business to business, electronic transactions are the way to do business in the Information Age. The financial sector has recognised this and is a driving force in embracing the new technology,' said Senator Campbell.

To read more go to www.dcita.gov.au

See also www.australia.org.nz

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news