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The Latest Breaking News from ACTU

Unions urge five per cent pay rise as inflation bites

Employer groups warn a pay rise above inflation for minimum wage earners would only tip more fuel onto the fire as rising petrol prices worry the Reserve Bank.

AAP

Never waste a fuel crisis: the Albanese government must seize the moment and start taxing gas companies

A failure to respond to soaring energy prices and act in the May budget could make voters turn their anger toward the federal government

The Guardian - AU

Even if Australians won an extra week of leave, we’d need to make sure they could take it

Do your holidays always feel too short? Or are you a parent struggling to juggle the demands of school holidays with the leave you’re allowed to take?

The Conversation

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Unions demand an extra week of annual leave for workers

An extra week of annual leave would add two per cent to employment costs but reduce employee turnover and time lost to injury and stress, unions say.

AAP

Australia’s most costly anti-climate policy hits taxpayers for $30m a day as calls mount to wind back fuel tax credits

The government will hand over $10.8bn this financial year under the scheme that makes it cheaper for miners and other industries to use diesel and petrol

The Guardian - AU

Labor luminary takes aim at housing tax breaks

Tax concessions for property investors are driving inequality and should be wound back, one of the key architects of the Hawke-Keating reforms says.

AAP

Unions set sights on pay rises, threaten strike action

Workers are more ready to strike than ever before, unions say, as they push for above-inflation pay rises to help members with high housing costs.

AAP

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Rent, Mortgages, Groceries: How Today’s RBA Rate Hike Hits Young Aussies

A new RBA rate hike is set to push up mortgages. We explain what the decision actually means for young Australians.

Pedestrian.tv

Unions call for capital gains rethink as approvals fall

Choppy progress on housing supply is hurting affordability, as calls mount for tax reform to take some heat out of property demand.

AAP

Unions reach deal with tech giant on AI and workers

Workers will have a say in the rollout of AI through an agreement between a tech giant and unions that has been welcomed by industry and government.

AAP

Albanese government flips on Pacific worker guarantee

The coalition has welcomed a backflip from the federal government which gives employers more flexibility while employing short-term Pacific workers.

AAP

Workers call for more involvement in AI adoption

Employers will need to invest in AI training and education, Reserve Bank governor Michele Bullock says, as workers replaced by the tech call for more support.

AAP

This Actuate Therapeutics Analyst Begins Coverage On A Bullish Note; Here Are Top 3 Initiations For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Benzinga

ACTU claims of agreement with tech firms over training AI dismissed by creative peak bodies

CEO of Australian Recording Industry Association says tech companies should simply comply with existing copyright law

The Guardian - AU

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AAP

Arts sector poised to benefit from AI content deal

Australian creatives would be paid for content used to train artificial intelligence under a model being hashed out by unions and business groups.

The Guardian - AU

Four-day work week? Six weeks of holidays? Australians have a choice about how to bank productivity gains

A four-day working week may not be on the agenda now, but the great thing about stronger productivity growth is it gives us more choice over how we want to live our lives

The Guardian - AU

AI, red lines and the idea employers hated: five takeaways from day one of economic reform roundtable

Jim Chalmers praised the quality and calibre of engagement as ‘outstanding’. Here’s the main discussion points from Tuesday

The Conversation

Australia used to lead the world on shorter work hours – we could do it again

In the 1850s, when Melbourne stonemasons won the eight-hour day, employers of the day prophesied economic ruin. These standardised hours then flowed into other industries.

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The Conversation

Grattan on Friday: Can Jim Chalmers reap a healthy crop with the help of his big worm farm?

One observer describes next week’s economic roundtable this way: “Chalmers has opened a can of worms – and everybody has got a worm”.

The Conversation

Politics with Michelle Grattan: Jim Chalmers wants roundtable to ‘crack open’ the challenge of slow housing approvals

The Reserve Bank’s rate cut this week will help relieve many mortgage holders, but it wasn’t all positive news from the bank. It also underscored the serious productivity and economic growth challenges facing the Australian economy.

AAP

Unions, business at loggerheads over four-day work week

Business groups are resisting a union push for a shorter working week as ideas to boost Australia's productivity are debated ahead of a roundtable.

The Conversation

How many of Australia’s 2.2 million property investors would lose out under a new plan to curb negative gearing?

The Australian Council of Trade Unions is pushing to limit negative gearing and capital gains tax discounts to just one investment property.

AAP

'Not right': Australia urged to wind back tax breaks

Reforms to Australia's tax system have been politically risky, but without urgent action, home ownership could be out of reach for the nation's workers.

AAP

Unions call for stricter AI restrictions in workplaces

The ACTU is calling for tougher regulations to protect jobs during the rollout of artificial intelligence in the workplace.

AAP

Captains of industry, unions sit at economic roundtable

Leaders from the business, union and welfare sectors will gather in Canberra to come up with ways to bolster Australia's flagging productivity levels.

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