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KPMG secretly and repeatedly accessed a whistleblower’s computer, then shared the files with its CEO

KPMG secretly and repeatedly accessed a whistleblower’s work computer to extract documents detailing their allegations of data misuse, then shared the material with senior partners and the firm’s former chief executive, the Australian Financial Review has reported. The global accounting firm had the legal right to access an employee’s work laptop. What makes it striking […]

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Australia’s biggest bank says corporate AI is racking up bigger bills and producing ‘work slop’

CBA chief executive Matt Comyn used the phrase ‘work slop’ to describe the low-quality AI output now flowing through corporate workflows, as token-billed AI costs scale with task complexity. Matt Comyn, chief executive of the Commonwealth Bank of Australia, used a speech on Monday to flag two AI-adoption problems large corporate buyers have been working […]

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Australia’s workplace tribunal says AI-assisted claims have helped drive a 70% workload increase in three years

Australia’s Fair Work Commission has announced a review of its processes to cope with what it described as an estimated 70% workload increase over three years, driven in part by the proliferation of generative AI assistance tools. The commission, which handles unfair dismissal claims, wage disputes, discrimination, bullying, and workplace sexual harassment, said the surge […]

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Australia’s largest pension fund sees agentic AI as a disruption-class technology

The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […]

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CBA names AI researcher Professor Mary-Anne Williams as Chief AI Scientist

The Sydney-based AAAI Fellow joins the UNSW Business AI Lab to lead a team of Distinguished AI Scientists, in the latest step of Commonwealth Bank’s frontier-AI build-out. Commonwealth Bank of Australia appointed Professor Mary-Anne Williams as its first Chief AI Scientist on Monday, recruiting one of the country’s best-known AI researchers from the University of […]

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Australia’s $22 billion answer to the question the Hormuz crisis asked

When Iran closed the Strait of Hormuz on 27 March, following weeks of US and Israeli air strikes, Brent crude hit $126 a barrel and the World Bank warned that energy prices would surge by 24 per cent, the largest increase since the Russia-Ukraine shock of 2022. For most oil-importing nations, this was an economic […]

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Australia unveils a 2.25% levy on Meta, Google, and TikTok’s local revenues if they refuse to pay news publishers

The News Bargaining Incentive applies from 1 July 2026. Platforms that deal with news organisations get full or partial offsets against the levy. The legislation explicitly excludes pure AI chatbot services from coverage. Communications Minister Anika Wells and PM Albanese both announced the draft on Tuesday. The Australian government released draft legislation on Tuesday for […]

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Microsoft commits A$25 billion to Australia by 2029

The investment is Microsoft’s largest-ever in Australia and builds on an A$5 billion commitment from October 2023. It includes expanding Azure AI supercomputing capacity by more than 140%, extending the Microsoft-ASD Cyber-Shield to additional government agencies, and training three million Australians in AI skills by 2028. Microsoft has announced A$25 billion (approximately USD 18 billion) […]

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