Benefits for government
Benefits for government agencies include:
- Increased electronic reporting leading to reduction in paper lodgements: potential savings associated with scanning, storage and re-keying of information
- More efficient and effective revenue collection and regulatory monitoring: due to reduction in non-compliance and increase in the quality of data
- Increased efficiency of interaction between business and government: due to more timely and accurate communication patterns
- Reduced costs in dealing with business non-compliance: due to reduced number of non-compliance events
- Reduced cost of data interchange between agencies: due to the development of a standards-based taxonomy and the creation of a reusable government infrastructure to orchestrate agency-to-agency data exchanges
Last updated: 03 May 2012
Page ID: 12445
