Parliamentarians are being urged to pass laws limiting tax breaks for property investors and not “let the perfect be the enemy of the good”. Looming tax reforms would help make the tax system more equitable, independent economist Saul Eslake said on day one of a snap...
Controversial tax changes for shares and businesses will prevent more money from being funnelled into existing homes, Treasurer Jim Chalmers claims. Businesses have been relatively receptive to Labor’s decision to wind back tax breaks for property investors. But changes to the capital gains tax discount on share...
The Commonwealth must return to its historical role as a home builder rather than a protector of huge profits made by banks and developers. It’s advice that’s been overlooked but a warning that cannot continue to go unheeded, senators have been told. Appearing before the select committee...
State governments have been encouraged to follow the lead of the ACT and abolish stamp duty, but it’s unlikely to happen without Commonwealth support. ACT Treasurer Chris Steel announced all first home buyers would be exempt from paying stamp duty on property purchases from July 1...
Australians are working longer hours but it’s not showing up on the productivity scoreboard as levels tumble to a post-pandemic low. The Productivity Commission’s quarterly bulletin reinforces the scale of the challenge confronting Treasurer Jim Chalmers. Breaking down Australian Bureau of Statistics data, the report highlights labour...
Most businesses are struggling to adopt artificial intelligence effectively, with some companies burning through budgets prematurely while others use the technology as a scapegoat for job cuts. Fewer than one in five companies are using the technology to its best advantage, experts say, while almost one...
Imagine you are training as a dentist and must treat a patient with sensitive teeth, a nervous disposition and a challenging diagnosis. Now imagine that patient is powered by artificial intelligence, programmed by your professor and designed to help you develop a pleasing, jargon-free chair-side manner. The...
After a decade working in high-pressure corporate environments, Louise Siwicki knew something had to give. The writing on the wall came in the form of a warning from her fertility specialist about the impact of stress while trying to become pregnant. Her career demanded long hours that...
Australian workers should “take a breath” and relax about the impact artificial intelligence will have on their careers as the jobs it displaces will ultimately be replaced with others. Google Australia managing director Melanie Silva issued the advice at the QUT Business Leaders’ Forum in Brisbane...
Twenty electric prime movers will hit Australian roads faster than expected after a first-of-its-kind project secured a $5 million boost. New Energy Transport on Monday revealed it would deploy a heavy-duty electric truck fleet months earlier than planned following the investment, which would also fund mobile...