productivity

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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.

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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

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

economy, business and finance macro economics politics productivity summit

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.

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‘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.

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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.

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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.

economy, business and finance politics productivity

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.

breaking_news economy, business and finance politics productivity

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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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.

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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.

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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.

economy, business and finance executive (government) lobbying politics productivity regulatory policy and organisation state budget and tax summit think tank

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.

economy, business and finance education labour productivity

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.

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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.

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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

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

economy, business and finance housing and urban planning politics productivity state budget and tax

‘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.

economy, business and finance politics productivity

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.

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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.

economic policy economy, business and finance politics productivity

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.

business (general) computing and information technology education employee employment productivity research science and technology software technology (general)

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.

breaking_news economy, business and finance politics productivity

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.

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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.

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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.

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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.

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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.

construction and property economy (general) housing and urban planning politics productivity

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.

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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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