In case you've missed it...........
>From The Age today:
http://www.theage.com.au/daily/981216/news/news20.html

Wednesday 16
December 1998

                      Official alert on year 2000 chaos

                      By ADRIAN ROLLINS and PHILLIP HUDSON,
                      CANBERRA

The millennium bug may seriously threaten vital public services
such as power, air transport and telecommunications, and not 
enough is being done to prevent it, the Federal Government has 
been warned.

A report by the National Audit Office says there could be serious 
disruption in Government departments and agencies, including 
Defence, Centrelink, Customs, the Reserve Bank and Airservices
Australia.

With only about a year remaining, the office has found a lack of 
contingency plans to minimise or avoid disruption to vital 
Government services and little planning for the possible collapse 
of electricity, water and telecommunications.

The report emerged amid revelations that the Reserve Bank was 
printing extra money to cope with an expected rush for cash amid
fears computer systems will crash and wipe out bank accounts at 
the dawn of the new century.

But late yesterday the Government released a report that it 
claimed showed Commonwealth departments were on the way to
achieving 
year 2000 compliance in their computer systems by next July. The 
report showed 92 per cent of crucial systems in the 
Commonwealth's employment area were compliant, national
safety 46per cent compliant, national security 41per cent, 
revenue collection 30per cent and pensions 29per cent.

The millennium bug refers to the problem that could hit time-based 
computer systems when clocks turn from 31 December 1999 to 
1 January 2000. Unless they are 2000-compliant it is feared stored
data
could be erased.

The audit office said that while some departments had made
arrangements in case electricity supplies failed, little had been
done about crucial telecommunications links. Its report called on
the Office for Government Online to directly approach utility
operators to develop risk assessments for services.
 A spokesman for Senator Richard Alston, the Communications 
Minister, said the Government was `confident'' that the July
deadline for all key Government services to be 2000-compliant
would be met.

But the Opposition information technology spokeswoman,
Senator Kate Lundy, said the Government's approach was
seriously deficient, and much greater attention and resources
were needed.

The Reserve Bank governor, Mr Ian Macfarlane, yesterday told
a parliamentary committee that the central bank was taking 
precautions to beat the millennium bug. 
He was confident the banking system would weather the storm
and provide enough cash for people who wanted to ``have a
bit more money in the wallet'' over that long weekend.

``But there's always this little nagging fear that there'll be
some
generalised panic on a much bigger scale where people start to
worry that their whole bank balance is going to disappear in a
flash as we pass the year 2000,'' he said.

There is about $23billion worth of notes on issue. The Reserve
will not say how much extra cash will be printed. Mr Macfarlane
said it was important to have an education campaign to counter
irrational fears.

end
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