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The Latest Breaking News from Andrew Leigh

'We're sceptical' on supermarket break-up push: Labor

Divestiture powers are rarely used in other countries as Labor remains "sceptical" about the push to break up supermarkets over fears it could hurt jobs.

AAP

Australia records 4.2% annual wage growth, outstripping inflation for the first time in three years

Treasurer says highest annual growth since 2009 ‘encouraging’ but expresses concern over non-compete clauses for employees

The Guardian - AU

Non-compete clauses could slow higher pay, productivity

The prevalence of non-compete clauses in Australia could be standing in the way of wage growth and productivity improvements.

AAP

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Australians to have their say on supermarket prices

Shoppers and farmers are being encouraged to have their say about supermarket prices and how competition can be increased to lower the bill at the checkout.

AAP

Competition and rivalry found to force lower airfares

A little competition goes a long way in bringing down airfares, based on fresh research from a federal task force.

AAP

The Chemist Warehouse-Sigma merger is a major test of Labor’s competition plans

When pharmaceuticals consolidate, evidence shows we get less competition, higher prices and worse care.

Crikey

Chief Minister's intervention brings back dropped top candidate

Aspiring MLA's hopes live on after a bitter preselection process.

The Canberra Times

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Government pushed to scrap ‘unfair’ financial reporting exemptions for basic religious charities after new report

The Productivity Commission has recommended an end to special rules for basic religious charities in the interest of ‘public transparency and accountability’. Will the government listen?

Crikey

Hundreds of big firms paid no tax in 2021-22

Corporate tax payments broke a record in 2021-22 but the federal government is worried some large multinationals are still not paying their fair share.

AAP

Federal pollies take getting fit for office literally

Prominent politicians have engaged in a month-long fitness challenge, with the man in charge of the 'competition' portfolio ironically winning the lot.

AAP

Australia’s taxes ‘inadequate’ for ‘adequate services’, former secretary of finance warns

Michael Keating to call for revenue review at Australia Institute summit as Labor provides update on multinational tax avoidance

The Guardian - AU

Crackdown on multinational tax loopholes inches closer

The Albanese government is making progress on its plan to tighten taxation settings for multinationals to ensure they pay their fair share of tax.

AAP

King Charles to appear on Australian dollar coins before Christmas

The coin was designed by the Royal Mint in London with other coins to be released progressively next year.

Evening Standard

King Charles to appear on 10 million one-dollar coins in Australia

CEO of Royal Australian Mint says coins will ‘circulate by the millions across Australia for many years’

The Independent UK

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The Independent UK

King Charles to appear on Australian dollar coins before Christmas

The coin was designed by the Royal Mint in London with other coins to be released progressively next year.

AAP

Image of King Charles on Australian coins unveiled

An effigy of King Charles III is ready to circulate on Australian coins, starting with the $1 coin later this year.

The Guardian - AU

New King Charles coins: soon to be lost down the back of couches and stuck in car consoles

The Australian mint has released the new $1 coin – the monarch’s jowls, crow’s feet and famous ears all get a flattering depiction

The Independent UK

King Charles III's image to appear on Australian coins this year

An image of King Charles III will soon appear on Australian coins, more than a year after the death of his mother Queen Elizabeth II

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The Guardian - AU

Australians ripped off by shipping companies teaming up to keep freight costs high, Rod Sims says

ACCC renews call for more power to encourage competition as its former chair says deals like that between ZIM and MSC lead to higher prices

The Guardian - AU

One in six chance of a ‘species-ending event’ in next century, Labor MP Andrew Leigh warns

Exclusive: Former economics professor says biggest dangers humans face are ‘the ones that our technologies’ have wreaked

The Guardian - AU

AI could ‘turbo-charge fraud’ and be monopolised by tech companies, Andrew Leigh warns

Assistant competition minister highlights risk of deepfake videos and voice clones in speech

The Guardian - AU

Qantas flight credits: Albanese says customers should get another flight or their money back

PM weighs in on expiring credits but government defends blocking Qatar airways from increasing its flights to Australia

The Guardian - AU

Labor launches new body to evaluate public programs using randomised trials

Assistant Treasury minister Andrew Leigh says Australian Centre for Evaluation could help save government money and make spending fairer

The Guardian - AU

PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

Crikey

Journalists play the fool in the ‘economic reform’ theatre of the absurd

Journos seemingly can’t remember that a couple of years ago they paraded the business lobby’s same economic reform lies.

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