The Australian economy has the runs on the board when confronted with technology challenges, giving one minister confidence that will be the case with artificial intelligence adoption. While there are real risks to jobs and labour force disruption from AI, some of which is already occurring,...
Offshore wind farms could deliver significant savings for Australian households, with some consumers seeing $151 cut from their annual electricity bills. The savings would come despite the significant up-front investment needed to build wind turbines off the coast, a study found, due to lower costs for...
A university degree might become less valuable for securing a job in the age of artificial intelligence, posits an influential member of the government’s economics team, as financial workers worry that AI might steal their jobs. Rather than formal schooling, judgment may became a greater predictor...
Almost two in five Australians are considering an electric or hybrid vehicle for their next car purchase, but many could change their minds if the government puts the brakes on a tax discount. The Australian Finance Industry Association revealed the findings on Tuesday in their annual...
Australia needs bold reforms including tax changes and financial incentives to stop relying on its lucky country credentials and become a nation with a strong innovation industry. A year-long independent review of Australia’s research and development sector, led by Tesla chair Robyn Denholm, issued the warning...
Next-generation batteries Australian researchers are developing could potentially recharge electric cars faster than petrol vehicles fill up and top up smartphone instantaneously. The CSIRO’s quantum battery research team made the predictions on Wednesday after publishing details of a breakthrough in the technology, creating the world’s first...
Politicians must resist the temptation to use a budget boon from the Iran war to pump the economy up with cost-of-living measures such as fuel excise cuts or energy rebates, economists say. Repeating the approach of the post-COVID-19 pandemic inflation spike to ease price pressures on...
Ending a tax exemption for electric vehicles could unfairly punish families outside major metropolitan areas who are dealing with longer commutes and are most likely to maximise the tax cut. The National Automotive Leasing and Salary Packaging Association issued the warning on Saturday, revealing the top...
Burning thousands of dollars on building and pest inspections could soon become a thing of the past for cash-strapped homebuyers in one state. The burden of pre-sale building and pest inspections would shift from prospective buyers to sellers under legislation the Victorian Labor government has vowed...
Running a business, building wealth, or planning for the future often involves navigating a complex web of legal and regulatory obligations. While financial advisers are not lawyers, they play an important role in helping individuals and business owners understand their financial responsibilities and work alongside...