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Business Council calls for 25% reduction in red tape

Business Council urges 25% red tape cut by 2030 to boost productivity amid $110 billion compliance burden

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Business Council urges 25% red tape cut by 2030 to boost productivity amid $110 billion compliance burden

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In Short:
– The Business Council of Australia aims for a 25% reduction in regulatory burdens by 2030.
– Proposed changes include removing nuisance regulations and improving licensing rules to enhance productivity.
The Business Council of Australia has urged for a 25% reduction in regulatory compliance burdens by 2030.
The council estimates that over $110 billion in ‘red tape’ could save billions if reduced.The Business Council has proposed removing nuisance regulations, making them consistent nationally, and appointing a “better regulation minister.”

The accumulated regulations have been costing businesses billions, with the last significant audit occurring under the Abbott government in 2014.

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Regulatory Challenges

The council claims that productivity growth has been the worst it has been in 60 years, leading to slow income growth. If a 1% reduction in compliance burden occurs, it could yield over $1 billion in savings.

Among the proposed changes are relaxing trading hours for retailers and fixing licensing rules for tradespeople across states.

The BCA argues that outdated environmental laws are impeding progress in housing and renewable projects.

The Economic Reform Roundtable, led by Treasurer Jim Chalmers, is set to begin soon amid criticisms of potential pre-determined outcomes.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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AI revolutionises cyber threats, warns Wiz CTO

Wiz CTO warns AI’s rise is amplifying cyber threats, prompting urgent calls for enhanced cybersecurity measures

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Wiz CTO warns AI’s rise is amplifying cyber threats, prompting urgent calls for enhanced cybersecurity measures

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In Short:
– Cybersecurity executives warn AI is altering threat landscapes, enabling attackers to execute rapid, sophisticated assaults.
– Wiz’s Luttwak emphasizes the need for new defensive strategies due to AI-driven vulnerabilities affecting numerous companies weekly.

Cybersecurity executives are raising alarms about the impact of artificial intelligence on cyber threats. AI is fundamentally changing the threat landscape, with attackers using AI tools to execute sophisticated, automated attacks more rapidly than ever.Ami Luttwak, chief technologist at cybersecurity firm Wiz, explains the emergence of a “mind game” in which attackers leverage the same AI tools as enterprises. These attackers utilize prompts to instruct AI systems to extract sensitive information or disrupt operations.

Real-world incidents illustrate these threats. In August 2025, attackers targeted Drift, an AI chatbot firm, by compromising OAuth tokens to access Salesforce data from numerous companies such as Cloudflare and Google. The attack employed “vibe coding,” an AI-assisted method allowing developers to describe functionality in natural language.

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Despite the limited integration of AI in enterprises—estimated at only 1%—Wiz reports thousands of companies impacted by AI-driven attacks weekly. The s1ngularity attack in August exemplified this threat, as harmful code in the Nx JavaScript build system targeted AI tools, harvesting sensitive credentials.

Research by Veracode reveals significant vulnerabilities, finding that 45% of AI-generated code contains security flaws. Attackers exploit “vibe coding” to create functionality quickly, often sidestepping secure implementation.

Industry Response

Wiz, acquired by Google for $32 billion, has developed products like Wiz Code and Wiz Defend to counter AI-related attacks. The company achieved SOC2 compliance, demonstrating a security-first approach crucial for AI startups.

Luttwak warned that all security domains now face new AI-powered threats, necessitating a reevaluation of defensive strategies. With cybercrime costs projected to reach $10.5 trillion annually by 2025, the cybersecurity industry confronts unmatched challenges as attackers and defenders race to adapt to AI’s transformative impact.


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Trump targets pharma with 100% tariff

Trump’s 100% tariff on branded drugs shocks pharma, raising concerns over trade, inflation, and medicine costs in the U.S.

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Trump’s 100% tariff on branded drugs shocks pharma, raising concerns over trade, inflation, and medicine costs in the U.S.


Donald Trump has shocked the global pharmaceutical industry by announcing a 100 per cent tariff on branded and patented drugs.

The move raises major questions about trade, inflation, and the cost of medicines in the United States.

#Trump #Pharma #Tariffs #DrugPrices #TradeWar #CSL #TickerNews


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Russia launches massive strike on Ukraine

Russia launched a massive drone and missile attack on Ukraine, killing four and injuring dozens amid extensive air defenses.

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Russia launched a massive drone and missile attack on Ukraine, killing four and injuring dozens amid extensive air defenses.


Russia has carried out one of its largest drone and missile attacks against Ukraine, leaving at least four people dead and dozens injured.

Ukrainian officials said nearly 600 drones and 48 missiles were launched in a single night, with air defences intercepting most but not all of them.

#Ukraine #Russia #Kyiv #Zelenskiy #WarInUkraine #Geopolitics #BreakingNews


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