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News

• Treasury begins search for new tech chief

  The Treasury is on the hunt for a new IT executive following the departure last month of chief information officer Eamonn Rooney.

• Govt gives Open Banking regime the go ahead

  ​Consumers will be granted new rights over their banking data from July next year, with the government this week announcing it would implement the recommendations of the Review into Open Banking.

• ​Technology One signs $5.8m ERP deal with Treasury

  The Treasury has signed a $5.8 million contract with Technology One (ASX:TNE) which will see the vendor’s Software as a Service (SaaS) offering replace SAP software.

• IRS cut its cybersecurity staff by 11% over four years

  The Internal Revenue Service, which disclosed this week the breach of 100,000 taxpayer accounts, has been steadily reducing the size of its internal cybersecurity staff as it increases its security spending. This may seem paradoxical, but one observer suggested it could signal a shift to outsourcing.

• H-1B employees crowd out other workers, says study

  The battle over the H-1B visa is mostly a battle of brute political muscle on Capitol Hill, coupled with campaign spending. But in the quieter academic sphere, the visa is a topic of ongoing research, and a new paper by three economists is challenging some of the <a href="http://www.computerworld.com/article/2899350/the-h-1b-visa-debate-pain-and-the-politics.html">assertions made by the tech industry</a> that H-1B workers deliver economic gains.

• Too soon to change tax treatment of Bitcoin, Treasury says

  The Treasury has been monitoring Bitcoin in Australia both from a regulatory perspective and a tax perspective and believes that it is too soon to change taxation laws to provide a boost to local Bitcoin-based businesses.

• Data center consolidation pays off, feds find

  Republicans and Democrats in Congress rarely seem to agree on anything anymore, but top members from both sides Friday offered qualified support for efforts to consolidate federal data centers.

• Even crooks couldn't profit from Microsoft's Surface flop

  A former Microsoft finance manager was sentenced to two years in federal prison Friday after pleading guilty to an insider trading scheme that netted he and a partner more than $400,000.

• Could share option changes spur startups?

  Deloitte has submitted a proposal to the Treasury that would modify tax rules governing employee share options in Australia. The consultancy firm seeks to restore a key non-cash incentive for startups to attract and retain talent.

• Lenovo's Motorola, IBM server buys will likely get strict U.S. security review

  Beijing-based Lenovo Group's plan to buy Google's Motorola Mobility unit and an IBM server division for a combined $5.2 billion will likely face strict and lengthy national security scrutiny by an inter-agency committee of the U.S. government, two Washington attorneys who are veterans of the review process said Thursday.

• Treasury takes on startup employee share options

  Making good on promises to tech startups, the Australian Government is moving forward on a review of tax rules surrounding employee share options.

• <i>Someone</i> made money off the Surface RT: Former Microsoft asset manager charged with insider trading

  Two Seattle-area men, including a former senior manager in Microsoft's finance department, were charged Thursday with 35 criminal counts of illegal insider trading by U.S. prosecutors and face up to 20 years in prison.

• Treasury cashes in PABX for VoIP system

  The Australian Government Treasury will soon be replacing its ageing private automatic branch exchange (PABX) system with voice over internet protocol (VoIP).