Australian superannuation funds are breathing a sigh of relief after the US dropped a so-called “revenge tax” on foreign investors. The super industry had been ringing alarm bells over section 899 of President Donald Trump’s proposed “big beautiful bill”, which would have raised taxes by up...
Tax incentives and artificial intelligence lessons in schools could help ensure Australia doesn’t miss out on the benefits of the AI wave, according to the firm behind industry giant ChatGPT. For OpenAI chief economist Ronnie Chatterji, a visit to Australia to meet with business leaders, investors...
Trade unionists, business leaders and welfare advocates are among the confirmed guests for the federal government’s economic summit. August’s productivity roundtable will include ACTU secretary Sally McManus, Business Council of Australia chief executive Bran Black, Australian Council of Social Service head Cassandra Goldie along with productivity...
Sparkies may be the keystone occupation of Australia’s net zero transition but that hasn’t made landing an apprenticeship any easier. A shortage of trainers for classroom modules and few incentives for employers to bring on fresh recruits are ongoing hurdles for aspiring electricians. But there’s an additional...
Overcharging on medical bills and rorting the public health system is costing taxpayers up to $5000 a minute, adding up to billions being wasted yearly, the Health Service Union says. The union’s calculations are based on previous analyses, such as the government-commissioned Independent Review of Medicare...
A war of words has erupted over the carve-up of GST as one state condemns accusations it was awarded more to reimburse failed COVID-19 policies. Queensland Treasurer David Janetzki accused his southern counterparts of receiving $800 million out of the Sunshine State’s GST share to reimburse...