logo
State leader's shock AI call

State leader's shock AI call

Perth Now7 hours ago

NSW Opposition Leader Mark Speakman has pledged to establish a minister for artificial intelligence and slammed the Labor government's budget as a 'Band-Aid' written in 'red ink' amid soaring cost of living.
Treasurer Daniel Mookhey delivered Labor's third budget on Tuesday, with a new housing developer guarantee scheme and funding for vulnerable children.
In his budget reply speech, Mr Speakman pledged to address low productivity growth in the state, which the budget said would continue 'without meaningful technological breakthrough', by embracing 'responsible artificial intelligence across public service processes'.
Mr Speakman said the controversial technology would improve services and free up teachers, healthcare professionals and public servants to 'engage directly with people in problems, instead of being tied up with unnecessary administrative burdens'.
'This work would be preceded by the development of an AI opportunities action plan, as in the UK, overseen by a dedicated minister for artificial intelligence,' he said. NSW Opposition Leader Mark Speakman has slammed the Labor government's budget as a 'Band-Aid'. NewsWire / Nikki Short Credit: News Corp Australia
'For small and medium business owners looking to get ahead using AI, a Coalition government would set 'AI for biz' – a zero, low-interest loan scheme for small and medium businesses looking to introduce responsible AI into their business operations.'
Mr Speakman used his address on Thursday to make his pitch on what a future Coalition government would look like, more details of which would emerge in the many months to come before the next state election.
Among his pledges were to advocate for the restoration of the First Home Buyer Choice Program, 'removing the burden of stamp duty for young people trying to get into the market', and exempting stamp duty for eligible older Australians looking to downsize.
On cost of living, Mr Speakman said he would call on the state government to reinstate the Full Active Kids Program as well as introduce a 'fairer' payroll tax scheme for small and medium-sized businesses, establish preventive health hubs, expand telehealth, and prioritise emergency care.
Mr Speakman earlier praised the former Coalition government as the state's 'most successful' and accused Labor of failing to deliver more infrastructure.
'Labor has no plan to replace the pipeline of projects that have underpinned job creation, economic growth, and service delivery across the state,' he said on Thursday.
'Instead, under Labor, there's a whopping cut of public infrastructure investment as a share of the economy.'
Mr Speakman described the budget as being 'written in red ink'.
'A budget of debt, not discipline, a budget of vagaries, not vision, a budget that's about papering over the cracks rather than building for the long term.
'A budget putting Band-Aids on the major problems faced by the state, like housing, cost of living, infrastructure and health.
'A budget that will be forgotten, even if the costs, the waste, and the missed opportunities that it presents linger long afterwards. Treasurer Daniel Mookhey delivered Labor's third budget on Tuesday. NewsWire/ Gaye Gerard Credit: News Corp Australia
'Past this parliament and a budget which, after two years in office, shows the mettle of this government.
'A government sleepwalking through its term already out of steam.
'A government more focused on spin and soft congratulations than results, while everyday people see this state go backwards.'
Mr Speakman said Labor had failed to deliver any additional cost-of-living support and was 'investing less in the future while letting debt spiral'.
'It's ordinary families who are paying the price while the government is building less, it's borrowing more on its own,' he said.
He went on to describe Labor's projected 2028 budgetary surplus as a 'fairytale'.
He noted there was also no provision in the budget for potential public service wage rises above the government's current offer.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI could create more jobs: Minister pushes light-touch regulation
AI could create more jobs: Minister pushes light-touch regulation

AU Financial Review

time40 minutes ago

  • AU Financial Review

AI could create more jobs: Minister pushes light-touch regulation

The Labor minister tasked with fixing Australia's flagging productivity has played down fears artificial intelligence will kill off swaths of white-collar jobs and called for light-touch regulation of the disruptive technology. Assistant Minister for Productivity Andrew Leigh cited recent studies which suggested companies adopting AI experienced productivity gains of up to 40 per cent, with the biggest benefit accruing to less skilled workers.

Labor's ‘eat the rich' super tax will harm the young aspirationals
Labor's ‘eat the rich' super tax will harm the young aspirationals

AU Financial Review

time40 minutes ago

  • AU Financial Review

Labor's ‘eat the rich' super tax will harm the young aspirationals

'Eat the rich' may be the guiding principle of Labor's new superannuation tax, but aspirational young Australians will be gobbled up instead. At first blush, Labor's new super tax reflects the politics of class conflict in the spirit of French philosopher Jean-Jacques Rousseau, whose phrase 'eat the rich' warned that the poor may take the heads of the rich who build wealth at their expense.

Labor faces critical 'negotiations' with the Trump Administration to avoid section 899 'revenge tax', WAM Global's lead portfolio manager Catriona Burns declares
Labor faces critical 'negotiations' with the Trump Administration to avoid section 899 'revenge tax', WAM Global's lead portfolio manager Catriona Burns declares

Sky News AU

timean hour ago

  • Sky News AU

Labor faces critical 'negotiations' with the Trump Administration to avoid section 899 'revenge tax', WAM Global's lead portfolio manager Catriona Burns declares

Donald Trump's controversial 'revenge tax' will force Australia to bargain with the United States on major points of contention as Labor looks to protect the $4.2 trillion super pool and investment. Section 899 of Trump's 'big beautiful bill' will allow the US to force taxes on nations it believes unfairly treats US firms – such as tech giants Meta and Alphabet. This comes as Australia targets big tech through its media bargaining incentive, while the nation's Pharmaceutical Benefits Scheme has also drawn the Trump Administration's ire. If the bill passes, Australians may be forced to pay upwards of 20 per cent more tax on US investments. WAM Global's lead portfolio manager Catriona Burns said the Albanese government will be forced to bargain with the US. 'We give up some of the penalties that we're potentially putting on the tech companies, for example, in exchange for walking back the penalties that would be put on Australia,' Ms Burns said on Business Now. 'There's absolutely negotiation that will still likely go on and we could come to a much more favourable resolution than what is being proposed at this point.' Treasurer Jim Chalmers on Wednesday told reporters he had discussed section 899 with US Treasury Secretary Scott Bessent and made Australia's case against the looming tax. "We do not want to see our investors and our funds unfairly treated or disadvantaged when it comes to developments out of the US Congress,' the Treasurer said. This comes as Prime Minister Anthony Albanese vowed to protect beef trade, the media bargaining code and the Pharmaceutical Benefits Scheme after Trump first revealed sweeping "Liberation Day" tariffs. Despite the threats to Australia's super industry and investment returns, Ms Burns argued that investing in the US may still be more beneficial if section 899 of the bill goes through considering the greater potential for returns. 'When you look at the companies, particularly in the tech space for example, that are in America, there (are) still some wonderful businesses to invest in,' she said. 'Some of the best businesses in the world are in the US, so even with this potentially capping the returns that you can generate out of investing in the US, it still may well be the best place to invest. 'Importantly, it may incentivise the companies that you invest in in the US to actually give more back to investors in the form of buybacks rather than dividends.' Many in Australia's $4.2 trillion superannuation system have expressed concerns about diminished returns if the legislation passes as hundreds of billions of dollars of members' funds is invested in the US. AMP's chief economist Shane Oliver earlier this month said section 899 of the bill, alongside other economic policies by the Trump Administration, 'called into question 'US exceptionalism' and its 'safe haven' status'. The Future Fund chair Greg Combet also expressed concerns about the bill where he argued the US was hurting itself by thwarting investment through section 899. 'Section 899 of the Bill will potentially and dramatically escalate tax rates for Australian institutional investors like the Future Fund,' Mr Combet said in a speech to the Committee for Economic Development of Australia earlier this month. 'In combination these policies and dynamics are making the US a more risky and uncertain investment destination.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store