A Treasury report forecasting the next 40 years expects artificial intelligence to be a “defining influence” on the economy, including in lifting anemic productivity rates and chipping away at...
Artificial intelligence can get Australia’s economy humming again according to Treasury’s long term forecasts which are eyeing a trillion dollar digital infrastructure boom and a new innovation driver in...
A federal inquiry into why technology advances haven’t translated into a sustained lift in productivity is being set up, as artificial intelligence and geopolitical shocks threaten to upend the...
One line in this week’s Treasury analysis of the dizzying economic implications of AI said it all: “In Australia, most productivity growth at the firm level related to AI...
Treasury cannot pinpoint any modelling conducted before the federal budget on how capital gains tax reforms would affect startups, in the latest sign the federal government rushed the sweeping...
Treasury’s planned tax concession for innovative companies from capital gains tax changes won’t be enough to stop founders and investors heading offshore, an alliance of tech leaders and industry...
Only startups that can satisfy strict innovation criteria will be eligible for a partial carve out from changes to the capital gains tax discount, while 10-year age and $50...
The Albanese government’s budget changes will put a handbrake on innovation by giving Australia “one of the least competitive capital gains tax rates in the developed world”. ANU economist...
Australians will soon be able to use digital IDs across hundreds of digital services, as the government looks to expand its myID platform as part of a productivity package...
Australian superannuation funds may soon be able to invest in riskier assets like startups and venture capital funds, under rule changes being considered by the federal government. A Treasury...