Australian businesses are spending too much on artificial intelligence and not enough on the humans in charge of it, costing them investment returns, according to one tech giant. Companies are also failing to establish clear rules and goals for the technology, and are over-estimating how much...
Australia has the resources it needs to be a globally prosperous economy, but it is failing to convert those assets into meaningful growth, a think tank says. Abundant renewable energy, critical minerals, a world-class research sector and ties to the world’s fastest-growing region are among its...
A budget backlash has prompted Labor to announce new carve-outs for innovative firms from the capital gains tax, as well as a backdown on a minimum tax on testamentary trusts. WHAT DID LABOR ANNOUNCE IN THE BUDGET? * The existing 50 per cent capital gains tax discount...
WHAT THE GOVERNMENT WANTS PASSED * Laws stemming from the federal budget would limit negative gearing to new builds from July 2027, while scrapping a 50 per cent discount on the capital gains tax and replacing it with a minimum 30 per cent rate tied to...
A proposal to clamp down on the loyalty tax paid by disengaged power customers does not go far enough in the view of consumer and small business groups. Australia’s electricity rule-maker initiated a review to tackle the problem of customers ending up on uncompetitive offers after...
Drivers will pay $10 more to fill a 65-litre tank of fuel when tax relief designed to combat surging fuel prices begins to wind back. The move comes after a volley of dire warnings grocery and transport costs would spike and holiday-makers would stay home if...