The federal government is seeking to incentivise businesses to adopt and transition to digital technologies through its $800 million Digital Business Plan in a move designed to allow more businesses to operate through the pandemic and boost Australia's GDP up to $6.5 billion over four years.
Global consultancy firm McKinsey estimated the adoption of technology in Australia had advanced up to five years in eight weeks as a result of the coronavirus pandemic. Around half of the government's $800 million spend would be used to finalise the government's business register allowing Australians to start businesses in minutes rather than weeks.
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