Minister Assisting the Prime Minister and Cabinet,
Minister for the Public Service,
Special Minister of State
The Morrison Government is investing over $33 million on technology to save farmers and small and medium enterprises (SMEs) time and money, and boost investment opportunities.
Minister for Industry, Energy and Emissions Reduction, Angus Taylor said the Government wants to see Australian farmers and businesses succeed.
“The investment will save more than 500 SMEs participating in the Renewable Energy Target over $24 million annually by eliminating time-sapping manual reporting,” Minister Taylor said.
“Farmers will also save around $50,000 per Emissions Reduction Fund project with a new smart phone application to increase their carbon market participation.”
Minister for Agriculture and Northern Australia, David Littleproud, said this is a win for farmers.
“The app will provide farmers the best technology and tools to help them identify areas of carbon potential and report on progress of their carbon projects,” Minister Littleproud said.
“Farmers are the stewards of over 50 percent of our land and deserve to be rewarded. Lower costs of participation means more money in their pocket.”
Minister Assisting the Prime Minister and Cabinet Ben Morton said the funding will be implemented over the next four years as part of the Morrison Government’s Deregulation Agenda.
“RegTech is a game changer in solving compliance and regulatory issues, but this innovative technology will also deliver results for the environment, the economy, farmers and business owners,” Minister Morton said.
“We are addressing a real need for Australian farmers and SMEs by improving data integrity and reducing time spent on data cleansing and verification checks.”
