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‘Zombie jobs’: OECD pushes back date of Australian recovery

According to the OECD, local lockdowns had hurt several nations including Australia over recent months, which meant their economies faced a longer climb back to recovery. Loading “The localised lockdowns, border closures and new restrictions being imposed in some countries to tackle renewed virus outbreaks are likely to have contributed …

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‘Unlocking new tech’: $1.9 billion for low-emission energy projects

The new package will include more than $300 million towards pilot carbon capture projects, grants for businesses for hydrogen, electric and bio-fuelled vehicles, new microgrids in regional and remote communities and a sector-specific grant program for hotels to increase energy productivity. Mr Morrison said solar panels and wind farms were …

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Labor to aim for interim carbon target but can’t agree on gas

Loading “You can’t set a mid-century target and then check in 2049 whether you’re on track to meet it. No-one thinks that,” Mr Butler said. “Anthony and I have both said that we recognise the need for Australia to set medium-term targets consistent with the terms of the Paris climate …

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‘Lift the cap’: States told to take more Aussies from overseas

Mr McCormack said an extra 500 people would go into Western Australia, and he urged Queensland to take an extra 500 people into Cairns or the Gold Coast. He is also talking to Tasmania, the Northern Territory and the ACT. Loading But until the COVID-19 cases drop in Victoria, Mr …

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Opposition warns there will be no economic snapback from COVID-19 pandemic

Mr Chalmers pointed to the Robodebt scandal as a contributing factor to Australians’ suspicion surrounding government use of their data. “Unfortunately the conversation around it is dominated by the downsides, it’s dominated by suspicion, it’s dominated by privacy concerns and some of those are obviously legitimate,” he said. “And in …

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Treasurer wins support to use debt to build Australia out of recession

Loading “In an environment of record low borrowing rates and significant spare capacity in the economy, this meant fiscal policy was well placed to continue to support the recovery,” the minutes said. The Per Capita survey, which has been running for the past decade, found a spike since the start …

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The intergenerational conundrum: how to pay for the boomers?

Professor Woods made his comments to the Royal Commission into Aged Care Quality and Safety, which is examining how to make the system financially sustainable in the face of an ageing population. Over the next 40 years, Australia is expected to encounter a rapid decline in its dependency ratio, which …

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Job seekers shifted into trial online service without extra funding

Loading Since then, it has referred just over half the new job seekers to traditional services but kept the rest in the new system, run by the Department of Education, Skills and Employment. The sector’s peak body is worried the move would lead to people ending up as long-term unemployed. …

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Albanese flags an eight-point economic plan as key to COVID-19 recovery

He will also push the government to improve labour market programs to support vulnerable job seekers. “The government’s own estimation is that 400,000 Australians will between now and Christmas be out of a job and they have no jobs plan,” Mr Albanese told The Age and The Sydney Morning Herald. …

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