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By Justin Hendry on May 7, 2021 7:00AM Extends deal for $235 million. The Department of Home Affairs will maintain its IBM mainframe for at least another four years, as it continues to investigate how best to modernise the legacy infrastructure environment. The super-department extended its mainframe deal with the IT giant until July 2025 last month at a cost of $234.9 million, bringing the total value of the contract to $924.2 million over 18 years. Home Affairs uses its mainframe to host a number of the country’s mission-critical traveller, cargo ...

By Justin Hendry on Apr 16, 2021 7:00AM Front of mind for ANAO. Australia’s national auditor is considering an audit into the development of the federal government’s GovPass digital identity system as the now $450 million-plus project enters its sixth year. The Australian National Audit Office has also singled out the government’s COVIDSafe contact tracing app for review, including whether its design and use is both economical and effective. In its draft annual work program for 2021-22, released on Thursday, the auditor proposed 16 reviews aimed...

The government’s decision to water down new foreign investment rules designed to protect national security casts serious doubt about its resolve to keep China out of the most sensitive parts of the British economy. Raising the threshold above which an overseas stake must be examined from 15 per cent to 25 per cent will sharply reduce the number of deals facing scrutiny. The amendment to the National Security and Investment Bill, now wending its way through parliament, was presented by business secretary Kwasi Kwarteng as necessary to show Britain is still ‘open for business’. It follow...

Mingtiandi Username Justin Gabbani moves from finance to the top slot for Asia Australia’s Lendlease has filled out the succession picture for its top job in Asia, elevating a longtime company finance exec, and reaching into big four accounting firms to find new leadership for its talent efforts. The real estate group announced last Thursday that it is promoting regional chief financial officer Justin Gabbani to Asia CEO effective 1 June. Gabbani, who will continue to be based in Singapore, replaces former regional boss Tony Lombardo, who in February was named Lendlease’s group chief exec...

Record Q1 For TISE Listings Date 08/04/2021     There were 225 newly listed securities on TISE during the first three months of 2021, which is more than any other first quarter since the inception of the Exchange in 1998. It took the total number of listed securities on TISE up by more than 2.3% from the end of December 2020 to 3,235 at 31 March 2021. Cees Vermaas, CEO of The International Stock Exchange Group, said: “This is an impressive result. We had a strong 2020 and the momentum from the end of last year has continued into this year, despite the ongoing effects of the COVID-19 ...