Australia’s inflation rate may have undershot expectations to hold at the bottom of the central bank’s target band but borrowers should not expect interest rate cuts just yet. The annual headline inflation rate has held at 2.1 per cent in October for a second month, coming...
Australia’s annual headline inflation rate has held at 2.1 per cent in October for a second month, coming in a little below expectations. Despite clocking a second month at the bottom of the Reserve Bank of Australia’s two-three per cent target range, the central bank has...
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to Deloitte Access Economics’ prediction of a $33.5 billion...
Failing to secure production tax credits for critical minerals and renewable hydrogen will be a blow to industry and jobs, the federal resources minister has posited in a bid to drum up political support for the key Labor policy. Madeleine King urged the federal opposition, Greens...
Smart devices will be subject to cybersecurity standards and some businesses will have mandatory reporting requirements for ransom payments under new laws. The Albanese government’s legislative package passed federal parliament on Monday, and has given Australia its first standalone Cyber Security Act. Mandatory security standards will apply...
More than one in three Aussie office workers are using AI tools but a growing number are concerned telling their bosses about it will make them look lazy or incompetent. Slack revealed the findings in its Workforce Index study on Tuesday, which also showed Australia had...
Millions of university graduates and students will soon wake up to an early Christmas present after the government wiped thousands of dollars off their debts. Laws to cap the indexation rate for the Higher Education Loan Program at either the rate of inflation or the wage...
People fined for breaching public health orders during the pandemic will be reimbursed in the nation’s most populous state after the government received legal advice the infringements could be invalid. The NSW government will repay almost $5.5m worth of fines to those who have already paid...
Australians will not have to give tech giants their passports or drivers’ licences to use social media under a proposed ban. But glaring questions remain over how the government will stop children accessing platforms such as Snapchat, TikTok and Instagram and whether the measure will work. A...
The Australian government is set to pick another battle with big tech after an inquiry recommended AI software be governed by law and popular chatbots be subject to mandatory transparency rules. AI tools from Meta, Google and OpenAI would be subject to regulation and classified as...