Red tape ‘win-wins’ at Productivity Roundtable summit
Broad support for Clare O'Neil's suggestions around reforming the National Construction Code.
Broad support for Clare O'Neil's suggestions around reforming the National Construction Code.
Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity tsar says.
Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.
Australia's jobless rate rose from 4.1 per cent to 4.3 per cent in June, in a surprise outcome driven by a 34,000 increase in the number of unemployed people.
Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.
Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.
An escalating trade war has slashed the odds of interest rate cuts for Australian mortgage-holders, including a potential mega cut weeks after the election.
Australia is expected to fall hundreds of thousands of homes short of its housing target but reforms could bring it back up to speed and help renters.
Short-term budget relief could hurt Australians in the long haul, economists warn, as politicians prepare to open their chequebooks ahead of the election.
Caution urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.