Two-thirds of Australia’s largest companies are owning up to material climate risk but only a third have put a dollar figure on exposure. The few big firms that have crunched the numbers suggest global temperature rise and decarbonisation will have a material impact on cash flows...
Superannuation performance test changes are being flagged as a way to boost Australia’s lagging productivity rate, as the federal treasurer promises more budget savings. First signalled during Jim Chalmers’ economic reform roundtable in August, changes floated by Treasury on Friday include benchmarking “emerging” asset classes against...
More Australians will be able to pick up their prescriptions for less money, as the government boosts medicine subsidies in the federal budget. The Pharmaceutical Benefits Scheme, which regulates prices of life-saving medications, will be increased by an extra $5.9 billion over the next four years...
Australia’s electric car drivers may escape a road-user charge for another year but will pay more tax under measures revealed in the federal budget. The changes are part of several reforms to support low-emission vehicles in the budget, including an extension of its electric car repair...
Australia’s growing throng of solar panels, batteries and electric cars will be managed by a new regulator in a multimillion-dollar budget commitment welcomed by investment and climate groups. The change will come in addition to support for biofuel production, faster environmental approvals, and a solar panel...
Artificial intelligence will be deployed across the federal government for everything from evaluating medicines to identifying tax fraud in a bid to boost the nation’s productivity. A long list of AI trials were named in the federal budget on Tuesday for agencies ranging from Veterans’ Affairs...
Anthony Albanese is playing “gutsy” politics with sweeping changes to tax concessions for landlords but risks offending established investors who may not have expected the overhaul, an expert in politics says. From July 2027, negative gearing will be scrapped for all homes except new builds, while...
Australia’s data centre gold rush is putting communities at risk due to poor planning that is causing blackouts, noise and air pollution, an inquiry has been told. Community concerns about their construction have become so widespread that one Sydney council has called for a moratorium on...
Climate wins on bike lanes and batteries have been overshadowed by a failure to capture fossil fuel revenue and rein in off-road diesel credits, environment groups say. The lead up to Tuesday’s federal budget was dominated by a campaign to hike taxes on gas exports and...
Whenever we step into a new chapter of rapid change, growth or ambition, something interesting often happens. Just as we begin reaching for the next level in our lives, careers or leadership journey, we meet a new layer of self-doubt. It can arrive quietly. A hesitation...