Governments have “run out of money” and the “cashed up” private sector needs to step up investment, Treasurer Joe Hockey said today as he outlined this year’s G20 agenda. “Too many tax payers’ dollars…
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The Abbott Government’s Commission of Audit should consider revenue raising measures as well as reviewing expenditure, a Senate inquiry has heard today. The Commission has been tasked with “[making] recommendations…
A substantial increase in vehicle manufacturing is needed if Australia is ever to have a sustainable car industry, according to preliminary findings released today by the Productivity Commission’s inquiry…
Rapid increases in energy efficiency in Chinese manufacturing, especially in the steel production sector, will temper demand for Australian coal exports and put billions of dollars in investment at risk…
Broadband access and coverage may have increased across the country, but businesses aren’t investing in the required skills to facilitate innovation, technology leaders heard today. The launch of the Australian…
In 1972 a group of scientists, known collectively as the Club of Rome, constructed a detailed mathematical model to test whether population growth and economic development could continue indefinitely and…
Prime minister Tony Abbott has declared Holden will receive no new injection of taxpayer funds and called on the company to declare its intentions, amid reports it is planning to pull out of Australia…
Microsoft’s research arm will partner with the University of Melbourne to explore how people interact socially with technology. But indicators continue to show Australia trailing other countries in terms…
Coffee labelled as “eco-friendly” can attract a premium, with consumers led to believe it tastes better, according to new research from Sweden. The researchers, from the University of Gavle and the University…
Australians are more mobile than workforces in other countries, according to the latest Productivity Commission draft research report on labour mobility. But continued unevenness means acute labour shortages…
Federal Treasurer Joe Hockey has kicked off a debate about the foreign ownership of Qantas, flagging a review of the legislation that currently limits foreign holdings. He says the airline is bound by…
Declining commodity prices and high production costs are hampering investment in the mining industry, with new figures revealing big decreases in planned projects. The value of projects in the “publicly…
The Australian Government should tighten the welfare system for older Australians, adding the family home to the assets test for the age pension and limiting tax concessions on superannuation contributions…
Australian girls and women start out on an equal footing with males in school and higher education, but fall behind in workforce participation and leadership roles, according to a new report prepared for…
The public’s intellectual property rights will continue to be impeded if Australia signs on to the Trans Pacific Partnership agreement as it stands, according to copyright and patent experts following…
The Abbott government has abandoned Labor’s plan for a A$2000 cap on the amount people can claim for self-education expenses. As part of its review of 92 tax and superannuation announcements that have…
The Australian Securities and Investments Commission has called for more powers, including a broadening of the definition of “whistleblower”, in a paper defending its role as the corporate watchdog. ASIC’s…
There were more hours of Australian-made television drama broadcast in 2012/13 than in any year since 2009, after a considerable boost to production following a substantial funding increase received by…
Government housing policies overwhelmingly favour home owners over renters, according to a new report compiled by the Grattan Institute. And scaling back government support would do little to impact home…
Treasurer Joe Hockey has announced he will make a decision on the controversial $3.4 billion bid by the US giant Archer Daniels Midland for the Australian agribusiness GrainCorp by December 17. The acquisition…
Unrealistic pay demands from Australian workers and a lack of skilled workers have led smaller West Australian resource firms to use 457 visas to fill skill gaps, according to Edith Cowan University (ECU…
Travelling baby boomers, grey nomads and younger, adventure-seeking families are driving a rapid resurgence in caravan registrations at a time when traditional caravan park spots are in consistent decline…
Opposition leader Tony Abbott says he has never discussed the National Broadband Network with media proprietor Rupert Murdoch, after prime minister Kevin Rudd challenged him to reveal any conversation…
Wine businesses around the country are taking steps to offset the potential effects of climate change, a study has found. Associate Professor Jeremy Galbreath, of the Curtin Graduate School of Business…
The deficit will blow out to $30 billion this financial year and Australia will remain in the red for 12 months longer than the budget promised, after a $33 billion write-down in revenue. Growth has been…