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Latest news: Productivity

Energy red tape could 'stall AI data centre boom'

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.

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

'Column of smoke': coalition launches One Nation attack

'Column of smoke': coalition launches One Nation attack

'Column of smoke': coalition launches One Nation attack

'Column of smoke': coalition launches One Nation attack

An economic blueprint has been pitched by the coalition to win over voters as it warns One Nation won't be able to deliver on its promises to Australians.

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'Invisible' organisation boosts economy by $2m a day

'Invisible' organisation boosts economy by $2m a day

A little-known firm that ensures the food Australians eat and the medical results they receive are up to scratch contributes millions of dollars to the economy.

Aussie AI boost: $500m network planned for major cities

Aussie AI boost: $500m network planned for major cities

Australia's internet infrastructure is not ready to handle increasing artificial intelligence demand, according to one telco that plans to build more fibre.

Strong jobs figures clock on for future rate rise shift

Strong jobs figures clock on for future rate rise shift

More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.

The AI trap: firms buy too much tech, too little talent

The AI trap: firms buy too much tech, too little talent

More businesses are investing in artificial intelligence to boost productivity but a leading tech firm says they are not all getting investments right.

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'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

A top rating agency has reiterated its confidence in Australia's ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers.

CGT share changes will ease home prices, treasurer says

CGT share changes will ease home prices, treasurer says

CGT share changes will ease home prices, treasurer says

CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

AI's dirty secret: data centre boom threatens resources

AI's dirty secret: data centre boom threatens resources

AI's dirty secret: data centre boom threatens resources

AI's dirty secret: data centre boom threatens resources

Artificial intelligence could use three per cent of global energy by the end of the decade, the UN warns, and use 10 times more land than Mexico City.

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Canberra embraces AI data crunch for medicines to tax

Artificial intelligence tools will be used in unexpected ways by the government, from finding tax-return mistakes to assessing environmental projects.

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

Extra diesel shipments prioritised for regional areas

Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.

'Gold-plated' building code worsening housing crisis

It takes a year longer to build an apartment compared to a decade ago as a result of onerous red tape, the housing industry says.

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Stagflation risk: Chalmers heeds budget warning

Treasurer Jim Chalmers is being urged to reform the tax and migration settings in the upcoming budget as the oil shock worsens Australia's productivity funk.

Aussies could miss big payday due to basic AI skills

Millions of Australian workers are using artificial intelligence tools with only a basic understanding, and could boost their salaries with more training.

Treasurer softens up voters for 'hard decisions' on tax

The government will warn of a hit to economic growth and Australia's productivity performance in the upcoming budget, raising the stakes for ambitious reform.

Tax discount 'skewing' property market to investors

A parliamentary report has found significant tax discounts on capital gains have tipped the scales in favour of investors compared to owner-occupiers

Data centre boom shakes up infrastructure priorities

The government's independent infrastructure adviser has released a new list of priority projects Australia needs to cater for a growing population.

'Dumbest option': top economist slams housing tax break

The government has been urged to draw a clean break on any changes to taxes on investment properties as it considers major reforms in the federal budget.

Vested interest 'cartel' killing Aussie housing dream

Treasury officials appear to be at odds with a former head of their department over contentious tax breaks for property investors.

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