Electric vehicles could make up at least half of all cars sold in 2030, even without financial incentives, a new study has found. The research, conducted by academics at two US universities and released on Tuesday, found falling prices and technological advances were fuelling the popularity...
THE AUSTRALIAN ECONOMY * The Australian economy expanded by 3.6 per cent in 2022, driven by a post-pandemic rebound in consumer spending * Demand is easing, with global growth set to be the weakest in two decades, outside the GFC and pandemic * In a positive development, China...
Energy market intervention has been defended at a parliamentary hearing, despite another round of price hikes for many in the coming year. Treasury Secretary Steven Kennedy said he did not believe the success of gas market intervention over the past nine months would deter investment in...
Treasury says excessive corporate profits are not fuelling inflation, except in the mining sector. Weighing in on a recent debate, the department sided with the Reserve Bank of Australia and agreed profits were not significantly driving up consumer prices. Treasury official Sarah Hunter said the department had...
From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. Currently, employers are only required to pay their employees’ super entitlements on a quarterly basis. The start date will provide small business employers, super funds,...
More than two-thirds of Australian organisations have embraced artificial intelligence but many executives are largely ignorant of existing laws governing their use, according to a new report. Artificial intelligence is fast becoming an essential part of business across all sectors in Australia, but most companies are...