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Latest news: Productivity

Australians are tied to the AI boom, like it or not

Australians are tied to the AI boom, like it or not

A 30 per cent fall in the price of artificial intelligence-related shares could result in a significant fall in household wealth.

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australia's higher use of discretionary trusts compared to other economies suggests a greater reliance on the structure for tax minimisation, an economist says.

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

Peak bodies have criticised the Productivity Commission for omitting issues such as tax and workplace relations in its review into boosting business output.

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Surging public wages bad news for Labor's savings goals

Surging public wages bad news for Labor's savings goals

Commonwealth public servant wages outpaced their state counterparts last financial year as Labor struggles to stamp out consultant costs.

November rate hike a lock after 'ugly' inflation result

November rate hike a lock after 'ugly' inflation result

All four of Australia's big banks are betting on a Melbourne Cup day rate rise after hot inflation figures heaped more pressure on the Reserve Bank.

Hot topic: Aussies lose sleep and work to rising temps

Hot topic: Aussies lose sleep and work to rising temps

Global warming is affecting Australians' ability to sleep, exercise and work outdoors, costing the economy billions of dollars in lost productivity.

'Biting heads off puppies': AI's threat to elections

'Biting heads off puppies': AI's threat to elections

Australia's election regulator has warned artificial intelligence is making democracy harder to protect, but doesn't believe it's all up to him to fix.

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'Pre-vetting' accusation as politicians grapple with AI

'Pre-vetting' accusation as politicians grapple with AI

'Pre-vetting' accusation as politicians grapple with AI

'Pre-vetting' accusation as politicians grapple with AI

Labor and the coalition stand accused of interfering with a bipartisan committee's recommendations from an independent inquiry into rapid technological changes.

Ratings agency warns on record government spending

Ratings agency warns on record government spending

Ratings agency warns on record government spending

Ratings agency warns on record government spending

The federal government and the Reserve Bank are pulling in opposite directions in the fight against inflation, ratings agency S&P says.

RBA blushes spared: inflation rise vindicates rate hike

RBA blushes spared: inflation rise vindicates rate hike

RBA blushes spared: inflation rise vindicates rate hike

RBA blushes spared: inflation rise vindicates rate hike

A November rate rise is still on the cards for the Reserve Bank, even after a slightly softer-than-expected underlying inflation outcome in August.

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

While a rise in the unemployment rate in August likely won't stop the Reserve Bank hiking rates at its next board meeting, further rate rises are less certain.

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Derided as "East Coast clowns", the head of the productivity commission has savaged WA Premier Roger Cook for his "schoolyard" attack.

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

The Reserve Bank should "stand ready" to raise interest rates again, as the Middle East war and poor productivity growth make it harder to get inflation down.

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

A state treasurer has appeared before the Productivity Commission, outlining his concerns about the current GST system privileging one state over others.

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Worse than 2007: productivity stat bad news for the RBA

Low productivity means Australia's economy is growing above its "speed limit", amplifying concerns the Reserve Bank will hike interest rates again.

Treasury tips AI as key driver of productivity growth

Advice given to the federal treasurer suggests the real impact of artificial intelligence is too hard to predict but will be largely positive for Australia.

Banks tipping November rate hike after 'hot' inflation

Despite headline inflation falling to 3.5 per cent - the lowest level since November - an above-expectations result adds to the case for more rate hikes.

Rise in unemployment shows jobs market softening slowly

The jobs market appears to be softening with a rise in the jobless rate to 4.5 per cent, which should take pressure off the Reserve Bank to lift interest rates.

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Electric trucks could deliver a billion-dollar payload

Australian laws are keeping heavy-duty electric trucks off the road, a report says, when they could boost productivity by more than $2 billion.

Cybersecurity concerns abate ahead of national census

The federal minister in charge of the 2026 census says the safety of sensitive information is at the forefront of the national survey.

'Unrealistic' rules for AI data centres spark warning

Investors could be deterred from investing in new AI data centres in Australia if national guidelines under negotiation are too strict, the coalition warns.

Surprise inflation drop eases chance of RBA rate hikes

Inflation figures have come in under the Reserve Bank's predictions, but some economists warn they might not paint a true picture.

Union warns data centres poaching tradies from housing

The Electrical Trades Union's head warned data centres are creating a worker shortage when new homes are built.

'Win-win': quick fix to stamp out AI-fuelled loan fraud

Allowing the tax office to share lenders' financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.

Energy red tape could 'stall AI data centre boom'

Australia can rekindle the strong productivity growth of previous decades if it speeds up the adoption of AI, tech giant Anthropic says.

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