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Latest news: Productivity

Rethink on rules for everyday items could spur economy

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

Australia shouldn't try to reinvent the AI wheel

Australia shouldn't try to reinvent the AI wheel

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

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

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

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.

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Climate ratings could spare buyers from risky homes

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.

'Not right': Australia urged to wind back tax breaks

'Not right': Australia urged to wind back tax breaks

Reforms to Australia's tax system have been politically risky, but without urgent action, home ownership could be out of reach for the nation's workers.

Business lobby rejects proposed company tax overhaul

Business lobby rejects proposed company tax overhaul

The corporate sector is rallying against calls for a new cashflow tax for businesses, while small companies would have their rate cut under the reforms.

Slow start fears in race to build 2032 Olympic venues

Slow start fears in race to build 2032 Olympic venues

The clock is ticking for the 2032 Olympics with a report claiming Brisbane Games projects may not be delivered on time by an ailing construction industry.

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Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Australian tech darlings Cochlear and Atlassian have lent their voices to a push to revamp research and development investment and reboot stagnant productivity.

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Content creators have mingled with economists at a tax roundtable at Parliament House hosted by teal MP Allegra Spender to get the message to a new audience.

Workers could be $14,000 ahead under a growth mindset

Workers could be $14,000 ahead under a growth mindset

Workers could be $14,000 ahead under a growth mindset

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

Lack of AI playbook puts Australia down readiness ranks

Lack of AI playbook puts Australia down readiness ranks

Lack of AI playbook puts Australia down readiness ranks

Lack of AI playbook puts Australia down readiness ranks

Many Australian businesses are willing to spend on AI but lack a plan to implement the game-changing technology, pushing the nation down the readiness rankings.

'No-brainer': put women at centre of productivity push

'No-brainer': put women at centre of productivity push

'No-brainer': put women at centre of productivity push

'No-brainer': put women at centre of productivity push

New president of Chief Executive Women Helen Conway says women's workforce participation should be a major part of the federal government's productivity push.

PM puts lid on GST hikes, pledges boost for business

PM puts lid on GST hikes, pledges boost for business

PM puts lid on GST hikes, pledges boost for business

PM puts lid on GST hikes, pledges boost for business

Clearing red tape for businesses will be a key part of Prime Minister Anthony Albanese's productivity push, but raising the GST is unlikely to be on his agenda.

Major tax reform probably 'a bridge too far': CBA

Major tax reform probably 'a bridge too far': CBA

Major tax reform probably 'a bridge too far': CBA

Major tax reform probably 'a bridge too far': CBA

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

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Tech giant's tips for Australia to catch the AI wave

Industry darling OpenAI has released an economic blueprint for Australia to capitalise on AI as concerns are raised the tech could destroy entry-level jobs.

Australia slides down economic competitiveness rankings

Poor productivity is hobbling Australia's efforts to attract global talent, as the federal government details its plans to get the country building again.

Productivity pickle a top priority for upbeat treasurer

Falling interest rates and Australia's competitive advantages are reasons for optimism, says the treasurer as he sets his sights on improving productivity.

How red tape removal became a progressive rallying cry

Decades of creeping over-regulation are holding back the housing, infrastructure and research Australia needs, a federal Labor MP says.

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National accounts to reveal Australia's economic pulse

Australia's economic growth rate for the first quarter will be revealed this week and investors will study minutes from the Reserve Bank's last board meeting.

Renewables, AI rules top productivity reform wishlist

Fifteen areas have been identified for reform by the Productivity Commission, including artificial intelligence, tax reform and cheaper renewable energy.

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

Blueprint to get nation moving, boost household budgets

Revamped competition rules would swell the nation's households by billions of dollars while helping to ease the cost of living, the federal government says.

Reasons for struggling productivity growth revealed

Inefficient use of resources and a lack of new ideas have contributed to Australia's declining productivity growth, the Productivity Commission says.

Australia must build out of crisis amid shocking data

Red tape must be ripped down to boost productivity in a bid to fix the nation's housing crisis, with shocking new data showing the slowing rate of construction.

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

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