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The Latest Breaking News from the Productivity Commission

Australia shouldn't try to reinvent the AI wheel

Australian companies should boost productivity by using existing artificial intelligence tools rather than trying to create sovereign models, a US expert says.

The digital economy could turbocharge our productivity, but we need to get the settings right

The digital economy could turbocharge our productivity, but we need to get the settings right

Data and new digital technologies such as artificial intelligence present an opportunity to get Australia back on the path to productivity growth.

The Conversation

Australia to take 'sensible, middle path' on AI control

Australia to take 'sensible, middle path' on AI control

Artificial intelligence has emerged as a potential answer to Australia's dwindling productivity but concerns have been raised over its impact on workers.

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View from The Hill: Can Chalmers extract a serious deregulation agenda from reform roundtable?

Treasurer Jim Chalmers has three challenges with his economic reform roundtable, which is all about how to improve Australia’s productivity, budget sustainability and economic resilience.

The Conversation

Should big tech be allowed to mine Australians’ text and data to train AI? The Productivity Commission is considering it

Interim report on digital economy also mulls changes to privacy rules and copyright collections to help harness AI’s benefits

The Guardian - AU

We’re not minimising the cost of the net zero transition. These reforms will help

Getting our response to climate change right will be crucial to getting Australia back on the path to productivity growth.

The Conversation

Climate ratings could spare buyers from risky homes

Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.

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The Productivity Commission has proposed a ‘cashflow tax’ for business. What does that mean?

The Productivity Commission has proposed a ‘cashflow tax’ for business. What does that mean?

The fact businesses cannot deduct financing costs means companies like coalminer Adani would not be able to avoid paying virtually any tax

The Guardian - AU

Business lobby rejects proposed company tax overhaul

Business lobby rejects proposed company tax overhaul

The corporate sector is rallying against calls for a new cashflow tax for businesses, while small companies would have their rate cut under the reforms.

The company tax regime is a roadblock to business investment. Here’s what needs to change

The company tax regime is a roadblock to business investment. Here’s what needs to change

Productivity growth is a key driver of improvements in living standards. But in Australia over the last decade, output per hour worked grew by less than a quarter of its 60-year average.

The Conversation

Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?

Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?

AI is on the agenda in Canberra. In August, the Productivity Commission will release an interim report on harnessing data and digital technology such as AI “to boost productivity growth, accelerate innovation and improve government services”. Shortly afterward, the government will host an Economic Reform Roundtable where AI policy will…

The Conversation

Progress on Closing the Gap is stagnant or going backwards. Here are 3 things to help fix it

Progress on Closing the Gap is stagnant or going backwards. Here are 3 things to help fix it

The Productivity Commission’s latest data on Closing the Gap progress represents an unsurprisingly grim overview of the socioeconomic inequalities experienced by Aboriginal and Torres Strait Islander peoples.

The Conversation

Workers could be $14,000 ahead under a growth mindset

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

Meta argues its AI needs personal information from social media posts to learn ‘Australian concepts’

Meta argues its AI needs personal information from social media posts to learn ‘Australian concepts’

Tech giant says posts from Australian Facebook and Instagram users are ‘vital learning’ about ‘concepts, realities, and figures’

The Guardian - AU

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'Not all bad news': the Aussie upside of Trump tariffs

While Donald Trump's harsh tariffs on imports from Australia's key trading partners will whip up uncertainty, there could be an upside for consumers.

The Guardian - AU

Abuse allegations have prompted distress and outrage - but will Australia’s childcare system be fixed?

With an urgent review and new measures to protect children announced, experts argue some form of national oversight is essential

The Conversation

500,000 Australians live with mental illness but don’t qualify for the NDIS. A damning new report says they need more support

Half a million Australians are living with moderate to severe mental illness, but they don’t qualify for the National Disability Insurance Scheme (NDIS) and cannot access the support they need.

The Conversation

Is there any hope for a fairer carve-up of the GST between the states?

When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

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The Guardian - AU

What could Albanese do to improve productivity? Here is a short, non-exhaustive list

Improving living standards is really what productivity is about – not growing the profits of large companies

The Conversation

Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear

The first term of the Albanese government was defined by its fight against inflation, but the second looks like it will be defined by a need to kick start Australia’s sluggish productivity growth.

The Conversation

Workers need better tools and tech to boost productivity. Why aren’t companies stepping up to invest?

As Prime Minister Anthony Albanese and Treasurer Jim Chalmers turn their attention to improving productivity growth across the economy, it will be interesting to see what the business community brings to a planned summit in August.

The Conversation

‘Hard to measure and difficult to shift’: the government’s big productivity challenge

Higher productivity has quickly emerged as an economic reform priority for Labor’s second term.

Google offers AI tools to automate that personal touch

Users of Google products could allow AI to personalise email replies and more with their own tone and style by allowing it to peer into their private data.

Renewables, AI rules top productivity reform wishlist

Fifteen areas have been identified for reform by the Productivity Commission, including artificial intelligence, tax reform and cheaper renewable energy.

The Guardian - AU

Labor wants to boost productivity. Does this mean Australians need to work even harder?

Productivity is down and it’s hurting the economy and your salary. Here’s how treasurer Jim Chalmers plans to try and fix that

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