The information media and telecommunications sector in Australia is a small but growing industry.
Within the information media and telecommunications sector, the internet and telecommunications industries feature strong growth prospects in Australia. This growth is being driven by the Federal Government’s investment in the National Broadband Network (NBN), which presents investment opportunities for telecommunications infrastructure providers, and various state governments’ increasing focus on digital innovation and industry development.
In recent years, governmental investment in broadband infrastructure and the structure of regulatory settings for the industry have become hotly contested issues, with different approaches taken by successive governments. The current federal government has revised the previous government’s approach to building the NBN, employing a mix of technologies rather than relying solely on the government-led provision of fiber-to-the-premises, as well as adopting a greater role in providing wholesale infrastructure for the private sector.
At the same time, there is concern at all levels of government and within regulators about cyber safety and security. The Federal Government undertakes ongoing review of these issues with a view to implementing legislative and regulatory reforms to enhance cyber security, improve personal safety on the internet and address issues such as online piracy and copyright infringement.