In more evidence rock road to a renewables transition, energy giant AGL has posted a full year loss of $1.26 billion. Much of that is from the accelerated closure of AGL's coal-fired plants and the massive costs decarbonising and building renewable sources. AGL chief executive Damien Nicks speaks with ABC's Peter Ryan.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Damien Nicks, CEO, AGL Energy

There's a growing debate about whether high levels of migration need to be controlled to ease the housing supply crisis gripping the nation. But Australia's biggest business lobby group has launched a major pushback - saying the migrant intake shouldn't be the scapegoat and that year's of poor policy from successive government is to blame.

There's growing debate about whether high levels of migration need to be controlled to ease the housing supply crisis gripping the nation. But the Business Council of Australia has launched a major pushback saying the migrant intake shouldn't be the scapegoat and that years of poor policy from successive government is to blame.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Stephen Smith, Deloitte Access Economics

The Commonwealth Bank has posted a record profit of $10.2 billion, up 5 per cent on last financial year. Chief executive Matt Comyn flagged "downside risks", concedes customers are hurting from surging mortgage repayments. Mr Comyn speaks with ABC's Peter Ryan.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Matt Comyn, chief executive, Commonwealth Bank

Keywords: podcast,

Commonwealth Bank in $10.2b profit as economic slowdown fears grow. I speak with CEO Matt Comyn. by Peter Ryan

Concerns about artificial intelligence and Chat GPT has global IT companies contemplating a blanket ban on the technology in workplaces. Security firm Blackberry has surveyed 2,000 companies and 93pc of those polled in Australia have either implemented a ban or contemplating one fearing cyberattacks and security breaches.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Jonathan Jackson, head of engineering Asia Pacific, Blackberry

Australia's economy remains remarkably resilient despite the impact aggressive interest interest rate rises. But consumer spending continues to sag with a survey showing the sector is in "deeply pessimistic territory". Deloitte Access Economic predicts the construction boom will deflate in 2024 as the economy slows.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Stephen Smith, partner, Deloitte Access Economics

Despite all the challenges thrown up during the pandemic and now the fallout from surging interest rates, construction in Australia continues to boom.

But how long can that last as the impact from those rate rises looks likely to crunch the economy by the end of the year?

A report by Deloitte Access Economics tips investment will slow sharply in 2024/25.

Title: Big 4 crackdown could see fines of $780m

Caption: The fallout over the tax leak scandal at PWC is now engulfing all of the Big Four consulting firms which face massive fines if they promote dodgy schemes that exploit loopholes. The crackdown will also change secrecy laws which currently prevent the Tax Office from alerting police and regulators when unlawful activity is uncovered.

Reporter: Senior Business Correspondent Peter Ryan

Featured: Tom Ravlic, investigative journalist

The fallout over the tax leak scandal at PWC is now engulfing all of the Big Four consulting firms which face massive fines if they promote dodgy schemes that exploit legal loopholes.

The crackdown will also change secrecy laws which currently prevent the Tax Office from alerting police and regulators when unlawful activity is uncovered.

But is the action enough to sideline calls for a Royal Commission?