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NBN and SBR

Posted 7 years ago in Xero news by Joel Hanna
Posted by Joel Hanna

As part of the Federal Budget handed down this week, the Australian Government has promised $80 million to promote the roll out and uptake of the proposed National High Speed Broadband Network (NBN). The network will see optic fibre delivered to as many homes and workplaces around the country as possible.

Combine cheap, ultra-fast broadband with the Government’s Standardised Business Reporting program (SBR), which is set to be delivered by July 2010, and you’ve got the perfect environment for Aussie businesses to migrate their applications to the cloud.

This is exciting news and we’re glad to be a part of it. It then follows that it makes sense for accountants to be servicing their clients online. SBR will see a wide range of existing reports in SME accounting applications enabled to be submitted electronically to government agencies directly from software, thus speeding up the reporting process. The NBN will make this easier and cheaper than ever before.

These programs are a real step forward for Australian businesses and will help to relieve the pain of doing business in our current economic climate.

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