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The Latest Breaking News from Jim Chalmers

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily

Death of the cheque by 2030 as Australia embraces digital payment reforms

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan

The Guardian - AU

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The Conversation

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‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The New Daily

Afternoon Update: Kathleen Folbigg dubbed ‘our Lindy Chamberlain’; Jacinda Ardern becomes a dame; and Barbie film drains world of pink paint

An inquiry heard that Folbigg and her two daughters had rare genetic variation and her son may have died from an underlying disorder

The Guardian - AU

Business groups mount campaign against 'same job, same pay' workplace reforms

Some of Australia's largest employers and small business owners have united to rally against proposed laws that would require labour hire workers doing the same job at the same site to be paid the same as directly employed workers.

ABC News

Labor’s ‘same job, same pay’ policy is unfair: Business

Groups representing some of Australia's biggest employers are gathering to oppose the next phase of the federal government's industrial relations reforms.

The New Daily

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Further federal action against PwC on the cards

The treasurer says the government would consider further action against PwC following a police investigation into the tax advice scandal.

The New Daily

What is the PwC tax scandal? Who is Peter-John Collins? Who knew about it? Why does it matter?

Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Here's how it happened, and what consequences the firm is facing.

ABC News

Qld Premier Annastacia Palaszczuk steps up state investment in wind and solar

Queensland Premier Annastacia Palaszczuk has unveiled plans to greatly increase publicly owned wind and solar farms

The New Daily

‘Ropeable’: Treasurer says PwC partners will be named ‘in time’

Treasurer Jim Chalmers says he is "ropeable" about the PwC tax scandal and that the names of those involved will be made public "in time".

The New Daily

Treasurer Jim Chalmers says naming of PwC partners placed on leave will happen 'in time'

Treasurer Jim Chalmers says the naming of partners at consulting giant PwC involved in misusing confidential government information will happen "in time".

ABC News

Electricity prices to rise by up to a quarter in parts of Australia after energy regulator issues market default decision

Australian Energy Regulator says power bills would have gone up twice as fast without government intervention

The Guardian - AU

About 300,000 Victorians who use negative gearing could claim land tax hikes as deductions

Premier says levy is ‘tax deductible’ as ATO says 304,942 Victorians used negative gearing in 2019/20

The Guardian - AU

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The Conversation

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

AAP

Consumer confidence edges up but low mood prevails

Consumers are feeling a touch more optimistic about their personal finances, with the jobless rate low and pay packets rising.

The New Daily

ABC staff walk out over ‘abhorrent’ abuse of Stan Grant

Furious ABC staff have walked off the job to protest the treatment of outgoing Q+A host Stan Grant.

The New Daily

Treasurer spruiks jobs market but cost of living bites

The treasurer says the Albanese government has overseen the strong jobs growth during its first year but the opposition says it has failed to tame inflation.

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AAP

Australia aims to 'tighten the screws' against Russia

Treasurer Jim Chalmers says Australia needs to continue to work with partners to "tighten the screws on Vladimir Putin and his cronies" to stop Russia's war.

The New Daily

Progress made with China despite trade block: Treasurer

Treasurer Jim Chalmers says progress has been made with China on the removal of trade bans after the prime minister accepted an invitation for a state visit.

The Guardian - AU

MP speaks out against voice claims – as it happened

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The Guardian - AU

Labor hails ‘strongest start for jobs growth’ of any Australian government

Analysis shows more than 330,000 jobs gained in past year, but treasurer concedes inflation needs to cool

The Conversation

View from The Hill: Quad without hoopla still worked, while China visit will require delicate diplomacy

Anthony Albanese now has a firm promise of a state visit to the United States this year, and an invitation to go to China.

The New Daily

Of the many things the budget didn’t explain, this could be the most important

Did the budget leave the Albanese government, just one year old this week, the maximum amount of political room to move?

The Guardian - AU

PM announces new sanctions – as it happened

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