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With the intensity of competition across many industries, financial institutions such as ANZ need to be agile and respond to changes quickly to maintain business. Mal Fairclough/AAP

The agile working style started in tech but it could work for banks

The agile working style was originally designed by tech companies for efficiency in software development but now one of Australia’s big four banks wants to implement this.
The poll asked whether forecasting for the budget should be taken away from Treasury and be given to another independent agency. Lukas Coch/AAP

Leave budget forecasting to Treasury: economists

Polled economists say another independent body wouldn’t necessairly do a better job of economic forecasting for the budget than Treasury.
If wages just grow at the rate of the last 12 months, rather than at the higher growth in the budget forecasts, income tax collections will be A$7 billion less for 2019-20. Joel Carrett/AAP

Why biased budget forecasts make poor politics

Wonky forecasts show it’s time for a new approach that adopts more conservative forecasts, and makes a genuine commitment to budget repair.
Victorian Treasurer Tim Pallas announced a raft of spend measures in the latest budget. Julian Smith/AAP

Victorian budget splash raises questions about privatisation

The Victorian budget brought with it an increase in privatisation, which follows on from other state budgets, but the evidence for efficiency in this type of system isn’t there.
With high capital costs linked to petroleum and gas infrastructure, collection of PRRT funds for regional development may be delayed for several years. Phil Noble/Reuters

Government’s oil and gas tax response will leave regional communities at a loss

Local communities are likely to be dissatisfied with the report from the PRRT review because its recommendations only apply to future projects and won’t herald any changes in the budget.
If Australia adopted a similar approach to the Hong Kong to eliminate debt loading abuse, United States oil and gas giant Chevron would have been denied A$6.275 billion in interest deductions. Ray Strange/AAP

Chevron is just the start: modelling shows how many billions in revenue the government is missing out on

New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.