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Strong medicine: politically risky ideas to fix Australia

Australia has been urged by the Organisation for Economic Co-operation and Development to overhaul its tax system, deregulate state zoning laws and warn home buyers of properties’ climate risks as part of a sweeping plan to improve the nation’s finances.

In its first survey of the Australian economy since 2021, the Paris-based economic think tank said politically difficult decisions, such as taxing the superannuation income of retirees, had to be made to fund much-needed services while ensuring the long-term security of the budget.

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