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Latest news: Productivity

AI guidance refresh as industry awaits national plan

AI guidance refresh as industry awaits national plan

Industry figures welcome news a national AI plan will be released before the end of the year, saying uncertainty on regulation spooks potential investors.

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

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Fax machine to AI: urgent call to modernise health care

Fax machine to AI: urgent call to modernise health care

Health and aged care spending is projected to exceed 10 per cent of Australia's GDP by 2062, risking poorer service quality and burdening young workers.

One in five young jobseekers are fudging AI skills

One in five young jobseekers are fudging AI skills

The pressure to understand and use artificial intelligence tools is getting to gen Z and millennial workers, with many admitting to exaggerating their talents.

Inflation update to shape further rate cut expectations

Inflation update to shape further rate cut expectations

A particularly weak inflation print on Wednesday could raise hopes for a back-to-back Reserve Bank interest rate cut next month.

Pause on new regulations to fast track building homes

Pause on new regulations to fast track building homes

A pause in new regulations on construction standards will aim to have homes built faster under changes stemming from the productivity roundtable.

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Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Artificial intelligence may not be governed by a single, dedicated law in Australia but experts say changes to several existing laws could offer protection.

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

After 29 hours, 327 contributions and one major blow-up, Jim Chalmers' economic roundtable has served up a slew of reform ideas and a few unanswered questions.

Red tape on chopping block in bid to build homes faster

Red tape on chopping block in bid to build homes faster

Red tape on chopping block in bid to build homes faster

Red tape on chopping block in bid to build homes faster

Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

A slim majority of workers believe the government can be trusted to regulate artificial intelligence and most think it will augment rather than replace jobs.

Call to screw the cap on $11 billion diesel subsidy

Call to screw the cap on $11 billion diesel subsidy

Call to screw the cap on $11 billion diesel subsidy

Call to screw the cap on $11 billion diesel subsidy

More mining giants may clean up their operations if the government capped generous credits on diesel fuel and incentivised green projects, a report finds.

Trade and skills under spotlight in 'promising' talks

Trade and skills under spotlight in 'promising' talks

Trade and skills under spotlight in 'promising' talks

Trade and skills under spotlight in 'promising' talks

The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.

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Answers to ailing productivity to steer economic future

Australia's economic future will be guided by ideas to reinvigorate its currently languishing productivity, the treasurer has said.

Productivity to dominate agenda as symposium begins

After weeks of build up, arguably the biggest event of Australia's economic calendar is set to begin as the government seeks answers to withered productivity.

Charge ahead: road taxes may be closer than they appear

A road user charge targeting electric vehicle drivers is gaining widespread approval but how it will work and when it will arrive remains up for debate.

Responsibility, not legacy driving Chalmers to reform

Jim Chalmers' economic roundtable will likely present some low-hanging fruit around regulation but hefty tax reform will be more challenging for him to grasp.

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AI training pilot to upskill more than 30,000 teachers

Microsoft and the Future Skills Organisation plan to train educators in artificial intelligence to address Australia's technology skills gap.

Unions push back on productivity plan for schools, jobs

Fresh fault lines have formed in the lead up to the government's reform roundtable as unions reject productivity proposals welcomed by businesses.

'Better lives' urged as goal from productivity push

Bold tax reform, faster clean energy consents and rethinking care sector productivity should be the focus of the treasurer's economic summit, a think tank says.

Rethink on rules for everyday items could spur economy

Australia could ease business burdens and save consumers billions every year by ensuring requirements for everyday products align with international standards.

Australia shouldn't try to reinvent the AI wheel

Australian companies should boost productivity by using existing artificial intelligence tools rather than trying to create sovereign models, a US expert says.

Australia to take 'sensible, middle path' on AI control

Artificial intelligence has emerged as a potential answer to Australia's dwindling productivity but concerns have been raised over its impact on workers.

Climate ratings could spare buyers from risky homes

Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.

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