Roughly a quarter of the Australian economy will be hit hard and fast by generative artificial intelligence (GAI) disruption as highlighted in a report by top economists. Finance, ICT and media, professional services, education and wholesale trade were all earmarked for “short fuse, big bang” disruption...
Mining industry bosses have used a glittering industry event to face off with the prime minister over proposed workplace laws. “Let’s not sugar coat it,” Minerals Council of Australia CEO Tania Constable told Anthony Albanese at an industry dinner at Parliament House in Canberra. “These industrial relations...
Australians will continue to receive cheaper medicines, but a push to scrap the policy could be brought back to parliament if pharmacists’ concerns are ignored. Under Labor’s plan, which started on September 1, consumers with chronic conditions are able to get two months’ worth of medicine...
Check the income you need to declare and tax implications if you invest in bank accounts and income bonds. Bank accounts Interest from a bank or other financial institution is part of your assessable income for the year. Even if the funds earning the interest were not...
A landmark inquiry into the impact and extent of concussions in sport has recommended improved data collection, greater research and better management of the medical condition. The federal parliamentary inquiry investigated concussions and repeated head trauma in contact sports at all levels. Its final report gave 13...
KEY TAKEAWAYS FROM THE NATIONAL ACCOUNTS * The economy grew by 0.4 per cent over the June quarter, and 2.1 per cent through the year (based on a calculation that excludes part of the recovery from lockdowns) * This represented a steady quarterly result after the Australian...
Three years ago Emma Baker was living a fast-paced life in Sydney, working in the fashion industry and thinking of buying a tiny apartment in the city. Now she lives on an eight-hectare patch of land outside Mudgee, in central western NSW, nestled among hills, surrounded...
Australian governments, the mining industry and investors have been urged to stop talking about the battery minerals boom and start building refineries and factories. “This is a trillion-dollar opportunity for Australia,” Tesla chair Robyn Denholm said in Canberra on Tuesday. “It is our opportunity to lose if...
Billions of dollars worth of unpaid wages could be returned to Australian workers as the federal government attempts to crack down on exploitative labour loopholes. When asked if workers would receive a staggering $9 billion in extra wages over 10 years, Workplace Relations Minister Tony Burke...
Australian motorists have smashed vehicle sales records, snapping up more than 109,000 new cars during one month in a spending spree fuelled by SUVs and utes. New car sales in the month of August soared by more than 15 per cent compared to last year, according...