Brandon How

A little-noticed budget measure capping the refundable R&D tax incentive at 10 years threatens to cut off Australian biotech companies at the moment they are most expensive to run.

RBA assistant governor Brad Jones told Capital Brief that new consultations and working groups will be convened to facilitate stablecoin innovation. But scaling could take up to 20 years.

Measures in the budget long championed by the Productivity Commission to slash red tape have been largely overlooked. They could be the first step to solving an intractable problem.

The federal government is proceeding with an overhaul of the RDTI from its broad to eligibility criteria to be more targeted.

Consumers may look past fuel crisis-related price hikes in the short term, but they are unlikely to let businesses off the hook if inflationary pressures persist.

The data centre company has confirmed plans to invest billions back into Australia.

Executives spent most of the conference denying, defending and deflecting. But the week’s most revealing moments came when they talked about their plans for humans in an AI world.

On one side of Sydney, the government confirmed plan to reduce gas shortfalls. On the other, CEOs were figuring out how to cope with a quadrupling of power demand caused by data centres.

Chief executive James Manning laughed off questions about a recent short report that shot holes in his business. But a bigger question posed by a key partner may be harder to push aside.

HMC Capital is “pivoting really fast” out of the US as data centre projects face growing community opposition. CDC’s CEO says Australia is becoming “the next best option”.

With another rate rise, Michele Bullock is wielding the RBA’s sledgehammer. Now Jim Chalmers must decide whether to reach for the budget scalpel.