Gil McLachlan needs a strong defensive game on live sport betting
The lesson applies equally to Australian business, particularly gambling.
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Perth Now
4 minutes ago
- Perth Now
Productivity symposium looks to find the 'secret sauce'
The next chapter of Australia's economic story is set to be written as the nation's top economic minds brainstorm answers to ailing productivity. After weeks of anticipation, the federal government's three-day economic roundtable will kick off on Tuesday in Canberra. Treasurer Jim Chalmers has already been bombarded with proposals ranging from winding back property investor tax breaks to environmental law reform and cutting red tape. But he has insisted all invited parties bring specific ideas and be willing to find common ground as the outcomes of the roundtable will help steer Australia's economic agenda. "Three days to inform three budgets - and beyond," Dr Chalmers will say in his opening remarks. "(The prime minister) has been clear that this is about writing the next chapter of economic reform and I want to acknowledge the leadership he's shown. "We are realistic about the impact of all this, but optimistic too. In this world of churn and change, we like Australia's chances." Even though the Australian economy has made significant progress on wages, inflation and employment, Dr Chalmers has acknowledged there is still more to do. The roundtable is aimed at lifting living standards primarily by boosting productivity, which has stagnated in Australia and other western countries. "Productivity is like a secret sauce," AMP chief economist Shane Oliver told AAP. "If you can get strong productivity, you can have strong profits, you can have strong wages growth and still keep inflation low." Improved productivity can help guard against future cost-of-living crises, which is particularly important during times of global uncertainty. The first day of the roundtable is expected to put a spotlight on ways to build resilience, with Reserve Bank governor Michele Bullock set to headline Tuesday's proceedings through her presentation on productivity trends. Productivity reform will feature more prominently on the second day before budget sustainability and tax reform help close out the roundtable on Thursday. Environment groups, the business sector, unions and others have all proposed major ideas, but Dr Oliver is keeping his expectations in check and says a firm commitment to regulation, investment incentives and competition reform could likely be called a success. Former Productivity Commission chair Michael Brennan has urged Australians to be realistic about reforms but said he was optimistic. "The strictures that the government has put around contributions - that they be specific, budget neutral and focused on the national interest rather than the vested interest - have all improved the quality of the debate," the e61 Institute chief executive told AAP. "I'm hopeful that there will be positive outcomes but it's already had a positive impact."
Perth Now
4 minutes ago
- Perth Now
Rare failure for Aussie great in record Hundred defeat
There are Australians everywhere you look in England's Hundred Women competition, often in key roles batting, bowling, wicketkeeping and captaining, testament to the country's pre-eminence in the women's game. However, there is one team without an Aussie, Southampton-based Southern Brave, and as the competition moves to the business end they are leading after five wins in five. Their latest victory was over Oval Invincibles, who proved far from invincible in an 89-run dubbing on Monday, a tournament record loss. A key factor in their defeat was a rare failure by Australian great Meg Lanning, this year's leading scorer who came into the match with 200 runs in four innings at a strike rate of 1.58. Oh that's special, Sophie Devine! 😱#TheHundred The Hundred (@thehundred) August 18, 2025 Meg Lanning was bowled by New Zealand's Sophie Devine However, she fell for a four-ball two, bowled by a superb ball from Sophie Devine, the Kiwi's delivery straightening off a good length to beat Lanning's outside edge and clip the top of off. While this was Lanning's first failure she has produced diminishing returns with successive scores of 85, 56, 36 and 23 previously. Three balls later Devine dismissed opening partner and skipper Lauren Winfield-Hill for 10 and Invincibles, chasing Brave's 6-161 off their 100 balls, never recovered. Top-scorer was Australian Amanda Jade-Wellington, who made a run-a-ball unbeaten 18 while wickets tumbled around her. Devine took 2-15, leading wicket-taker Lauren Bell 2-11 and Mady Villiers 3-17 as the visitors were dismissed for 72. Put in to bat Brave, who are coached by South Australian Luke Williams, got off to a strong start with English openers Maya Bouchier (34 off 23) and Danni Wyatt (26 off 24) putting on 59 off the first 38 balls. South African Laura Wolvaardt (36 off 19) built on that platform until she was third out at 123, caught by Lanning off Jade-Wellington (1-25 off 15 balls). Freya Kemp then provided a late boost with 24 off 11. The leaders will go straight into the August 31 Lord's final while second and third in the eight-team ladder play an eliminator.
West Australian
4 minutes ago
- West Australian
Rare failure for Aussie great in record Hundred defeat
There are Australians everywhere you look in England's Hundred Women competition, often in key roles batting, bowling, wicketkeeping and captaining, testament to the country's pre-eminence in the women's game. However, there is one team without an Aussie, Southampton-based Southern Brave, and as the competition moves to the business end they are leading after five wins in five. Their latest victory was over Oval Invincibles, who proved far from invincible in an 89-run dubbing on Monday, a tournament record loss. A key factor in their defeat was a rare failure by Australian great Meg Lanning, this year's leading scorer who came into the match with 200 runs in four innings at a strike rate of 1.58. Meg Lanning was bowled by New Zealand's Sophie Devine However, she fell for a four-ball two, bowled by a superb ball from Sophie Devine, the Kiwi's delivery straightening off a good length to beat Lanning's outside edge and clip the top of off. While this was Lanning's first failure she has produced diminishing returns with successive scores of 85, 56, 36 and 23 previously. Three balls later Devine dismissed opening partner and skipper Lauren Winfield-Hill for 10 and Invincibles, chasing Brave's 6-161 off their 100 balls, never recovered. Top-scorer was Australian Amanda Jade-Wellington, who made a run-a-ball unbeaten 18 while wickets tumbled around her. Devine took 2-15, leading wicket-taker Lauren Bell 2-11 and Mady Villiers 3-17 as the visitors were dismissed for 72. Put in to bat Brave, who are coached by South Australian Luke Williams, got off to a strong start with English openers Maya Bouchier (34 off 23) and Danni Wyatt (26 off 24) putting on 59 off the first 38 balls. South African Laura Wolvaardt (36 off 19) built on that platform until she was third out at 123, caught by Lanning off Jade-Wellington (1-25 off 15 balls). Freya Kemp then provided a late boost with 24 off 11. The leaders will go straight into the August 31 Lord's final while second and third in the eight-team ladder play an eliminator.
