Objective 4.3

Recognised brand that places Australian services front- of- mind globally

Action 4.3C

The Government will enhance support for Australian FinTechs to gain a foothold in international markets and to encourage foreign investment and job creation in Australia.

Austrade

Industry
recommendation/s
Description
Government response
Related Action/s
13A

Develop a Government and industry-led services narrative to support the promotion of Australian services overseas, with an emphasis on the internationally recognised capability of Australian services firms, their collaborative nature, and their innovative and solutions-driven ethos. This should include identifying and promoting points of excellence and success stories in the Australian services sector and highlighting specific expertise.

Agreed
13D

The Government support trade promotion in key markets during COVID-19 using diplomatic channels to promote Australian services in key markets and supporting industry-led virtual trade missions and virtual symposiums.

Agreed

Progress to date

In the 2020-21 Budget, the Government announced $9.6 million over four years to support Australian FinTechs to gain a foothold in international markets and to encourage foreign investment and job creation in Australia as part of the Government’s Digital Business Plan.