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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The BCA argues that outdated environmental laws are impeding progress in housing and renewable projects.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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Trump shocks Hollywood with 100% film tariff

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood

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Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood


Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.

The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions

#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews


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Trump unveils 20-point Gaza peace plan

Trump reveals a 20-point plan to end Gaza conflict, including hostages’ release, economic initiatives, and Palestinian statehood prospect.

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Trump reveals a 20-point plan to end Gaza conflict, including hostages’ release, economic initiatives, and Palestinian statehood prospect.


President Donald Trump has unveiled a sweeping 20-point proposal aimed at ending the war in Gaza, following talks with Israeli Prime Minister Benjamin Netanyahu.

The plan calls for the release of all hostages, new economic initiatives for the region, and even raises the prospect of Palestinian statehood, though Hamas has not yet endorsed the proposal.

#Trump #Gaza #Israel #Palestine #PeacePlan #MiddleEast #TickerNews


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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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