Australia has been urged by the Organisation for Economic Co-operation and Development to set up one or more investment funds to scale up digital government projects and help de-risk investments after a series of tech wrecks.
The Paris-based economic think tank made the case for the funds in a review of the federal government’s digital investment framework, reviving hopes of an alternative funding model that have largely faded from view.
It has also recommended that the Digital Transformation Agency play a “more active” role in digital and ICT investments after almost 40 per cent of technology projects skirted the parts of the Investment Oversight Framework (IOF) process last year.
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