Australia’s federal government has introduced the Digital ID Bill in the Senate to formally establish and provide a framework for the country’s digital ID system. It has also proposed a $145.5 million (roughly US$97 million) investment to implement and oversee the system.c
The investment would take place over 4 years starting from 2023-24. It would include a $67 million (US$45 million) investment over the span of 2.5 years for the Australian Competition and Consumer Commission (ACCC) to serve in an interim regulatory role, per the digital ID legislation.
