The nation's trade in ICT totals $5bn, of which $2.9bn is imported, and $2bn exported.
In a world where ICT is colonising every other industry, Australia is woefully behind.
"We are a net importer of ICT and that is not a sustainable model as a country," she said.
Campbell said that ICT is worth more than the mining industry, which makes the Government's favouritism in that area bizarre.
"ICT is the fastest growing sector in the Australian economy," she said.
The tech sector has the potential to contribute $109bn to the economy, and another 540,000 jobs by 2033.
While Australia is a high level user and adopter of ICT, but it is a relatively low level producer of ICT. We have high penetration rates for broadband and e-commerce, but this isn't capitalised on. Australia has fewer ICT specialists and a smaller share in R&D compared to other OECD countries, she said.
The AIIA is projecting a shortfall of more than 100,000 ICT workers over the next five years. Only 3 per cent of Year Six students use ICT in schools for technical tasks - well behind comparable countries, she said.
Even more embarrassing, for a supposedly small business focused government, is that less than half of all Australian small business have a Web presence - well behind other countries.
This lack of monetary and policy incentives for startups is hurting Australia badly, and has seen world leaders such as Atlassian leave the country for more ICT-business friendly shores.
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