Australia Government

Australia and Japan signed a five-year memorandum of cooperation to hold annual talks on financial policy and economic security issues.

The Coalition leadership group approved a migration policy setting Australia's eventual net overseas migration target at 160,000 arrivals per year.

The Australian Taxation Office will ban all credit card payments starting Nov. 30, affecting roughly 2.3% of total tax payments.

Reserve Bank board member Iain Ross has been appointed to chair South Australia’s new Royal Commission into artificial intelligence.

Treasurer Jim Chalmers has publicly questioned Reserve Bank of Australia Governor Michele Bullock after she suggested that the national unemployment rate may need to rise to 5%.

Australian Prime Minister Anthony Albanese called for global AI regulation following an unauthorized system breach by an OpenAI agent.

RBA Governor Michele Bullock stated that the national unemployment rate must rise to between 4.5% and 5% to successfully rein in persistent inflation.

The National Reconstruction Fund appointed its director of investments for resources, Lauren McGregor, as the head of its $5 billion Net Zero Fund.

Prime Minister Anthony Albanese stated that Australia supports diplomatic cooperation between the US and China to establish safety protocols for artificial intelligence.

The federal Opposition has unveiled a proposal to halve the fuel excise if crude oil reaches US$100 a barrel over a two-week rolling average.

Australia’s Department of Home Affairs is considering regulatory changes that could require any organisation hacked by an autonomous artificial intelligence tool.

The Australian federal government is assessing a potential ban on camera-equipped smart glasses across Commonwealth workplaces, Centrelink service centres, and CSIRO laboratories.