Albanese government

While the Albanese government expects Australia’s economy to grow by two and a half times by 2063, the growth will be slower and harder-won than in past decades as major global shifts alter economic dynamics, the report stated. But to get there, productivity needs to pick up.

Buy-now-pay-later products look like credit, act like credit and carry the risk of credit, so they should be subject to the same regulatory scrutiny as credit products, the financial services minister said.

As Australia’s energy transition ramps up, spurred by a greater government commitment, the ethical investment manager says investors risk getting saddled with “stranded assets” if they don’t limit their exposure to fossil fuels.