By "streamlined" CASA meant they were taking themselves out of the loop. Good job too as they made a complete hash job of it. Many of us will recall the rollout about 10 or so years ago and hundreds of cards in brown envelopes dumped in cleaning cupboards at their offices.
As for the savings? Well the savings will be in not being caught without one. It has been a long standing joke that no one ever checks or there were no consequences for non compliance. Watch this space. Sure you might get away with it for any indeterminable amount of time. But just like always pushing the boundaries on driving rules, one day you will do it in the wrong place at the wrong time and zap! Credit card number please.
There is nothing "streamlined" about a 2 year issue, 200 dollar renewal cost
The term renewal is somewhat misleading. Unlike a driving licence renewal your new card involves the same background checking process each time. Almost half the cost of the card gets gobbled up by Auscheck.