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Almost three years later, the government has finally responded. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. A government with a massive parliamentary majority, an opposition in disarray and no election imminent.
The Australian Financial Review
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Markets run on information, but in the age of artificial intelligence, fake news and social media, investors must always question it or risk catastrophic results. Some funds use inappropriately low benchmarks to justify excessive performance fees – and that will cost you over the long term. As many as 600 workers have sold their ChatGPT developer shares, highlighting the huge payouts the AI boom is bringing to a select few. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home. Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans.
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The bank had attempted to sell the investments platform, but could not find a buyer at an acceptable price, instead merging it with its Asgard business. The government will make changes to its selection process to target more educated, higher-skilled and younger migrants. The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for so-called bucket companies. But shadow treasurer Tim Wilson flags support for $250 tax offset; Chalmers says voters care more about ‘substantive change’ than broken promises.
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