Danielle Wood

We serve up the recommendations and it's ultimately their call.

But I think if you take the public language of the Treasurer, it's an area that he's interested in looking at and thinking more about.

Look, it's not something that we've done work on.

So I've sort of stayed away from that in my public comments.

But, you know, I think there is a case for broad tax reform.

You know, we focused on the corporate tax piece in our productivity report.

But, you know, I think there are certainly arguments around reforms to the personal income tax system that

You know, credible arguments around reducing leakages and concessions in order to reduce the rates of personal income tax.

I think most economists would agree, at least in principle, that that's a different form of tax reform that you could pursue.

So certainly, you know, if we look at the long arc of history, you know, what has driven the kind of big productivity shifts over time are improvements in general purpose technology from railways, electricity, things that just fundamentally change how you live and work, have the potential to kind of unleash productivity.

long periods of productivity growth.

And everything I've seen suggests AI could be in that category.

So when I think about where's the productivity growth going to come from, I think AI, robotics, quantum, that's where the really big opportunities are.

We did some work in our productivity reports just to picking up a lot of the kind of existing work that was done to try and quantify what the impacts might be.

And

Anything with AI is very speculative by nature.

It's quite hard to forecast the rate at which the technology develops, uptake, all of those things.

But conservatively, we think it could add 4% to labour productivity over the decade.

If you think we've been running at about 0.4%, effectively, that would be a doubling of the rate of productivity growth we've seen so far.

over the last 10 years without, you know, really anything else happening.