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The Latest Breaking News from Jim Chalmers

New economy 'needs critical reforms to build trust'

Australian success in modern industry requires a key role for government in the economy not merely doling out loans from various funds, economic research finds.

AAP

Mandatory climate reporting regime pushed out to 2025

Corporations will be covered by a climate reporting regime under new laws but not yet, as Treasurer Jim Chalmers bends to pressure from the big end of town.

AAP

Labor on track to kick 116-year by-election hoodoo

The winner of the Dunstan by-election in Adelaide's eastern suburbs is likely to be confirmed as Labor's Cressida O'Hanlon when counting resumes.

AAP

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‘He is a tool’: the NSW and Victorian rivalry rears its head over the GST. What happened to the lovefest?

Victorian treasurer rips into Chris Minns for ‘welfare state’ comments after the latest carve-up of GST revenue

The Guardian - AU

Afternoon Update: deadly mine collapse ‘should have been avoided’; iron lung patient dies; and Dutton’s radioactive rhetoric

WorkSafe have committed to ‘complex, detailed investigation’ into mine collapse

The Guardian - AU

Don’t expect a ‘big cash splash’ in this year’s budget, Jim Chalmers tells taxpayers

Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeated

The Guardian - AU

Morning Mail: new revelations over flawed PPE deal; US threatens TikTok ban; NSW to toughen polluter laws

Government knew obscure retailer had no PPE experience; US House of Representatives passes TikTok bill; NSW to give EPA new powers

The Guardian - AU

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No budget 'cash splash' as inflation still main game

Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.

AAP

Second surplus on track for Australia but budget will report a fall in revenue, treasurer says

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

The Guardian - AU

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

The Guardian - AU

Greens call on Labor to drop changes to gas project consultations in return for support on vehicle emissions

Leader Adam Bandt has accused the government of a ‘clear broken promise’ for proposing legislation to benefit the gas industry

The Guardian - AU

Investment expert warns prices 'rollercoaster' possible

Unwinding pandemic effects will cause inflation to fall quickly, a key investment strategist expects, before supply shocks keep it higher over the long term.

AAP

Passengers treated after ‘technical problem’ – as it happened

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The Guardian - AU

Slowing economy can't be ignored in budget: Chalmers

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

AAP

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The Guardian - AU

GDP figures show Australia’s economy grew by just 0.2% in the December quarter

Treasurer Jim Chalmers had been preparing the public for ‘quite weak’ economic growth at the end of 2023 as interest rate rises hit home

The Guardian - AU

Australia to launch $2bn fund to ‘turbocharge’ trade with south-east Asia

Anthony Albanese plans to boost clean energy and infrastructure exports, and increase visas for travellers from the region

AAP

Growth report likely to show households in pain

Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print.

AAP

Coalition expects Labor to hold seat in by-election

Peter Dutton says he expects a swing away from Labor in the Dunkley by-election, but it's a "tough ask" for the Liberal Party to wrest the seat away.

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The Guardian - AU

Janet Rice defends ‘deliberate’ and ‘powerful’ Marcos Jr protest after Senate censure motion – as it happened

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AAP

Australia not 'complacent' on expected weak growth

Treasurer Jim Chalmers says Australia is not immune nor complacent in the face of economic challenges though a soft landing is still anticipated.

The Guardian - AU

Jim Chalmers to push for incentives for sustainable mining amid concerns over Australian nickel

Speaking at the G20 in Brazil, treasurer will also warn that Australia easing into lower inflation without a recession is ‘not assured’

AAP

Treasurer wary of 'evolving' risks ahead of G20 talks

Finance ministers and central bank leaders from around the world will discuss the developing risks to the global economic outlook at G20 talks.

AAP

Tax brawl firms up as parties push for more relief

The coalition has flagged a tax policy that would let people keep more of what they earn if elected as it prepares to support Labor's revamped reforms.

The Guardian - AU

Greens-Coalition alliance may force Chalmers to keep power to overrule RBA on rates

Chalmers had announced plans to scrap the veto power but former treasurers and RBA governors say it is a vital ‘safety valve’

The Guardian - AU

Former governors and treasurers advise against removing government’s power to overrule RBA

Critics of treasurer Jim Chalmers’ proposed reforms say the Reserve Bank is independent enough

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