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The Latest Breaking News from Jim Chalmers

31 years after the advent of compulsory super, the government is about to decide what it's for. The answer will matter

Today Treasurer Jim Chalmers released a consultation paper on “Legislating the Purpose of Superannuation”.

The Conversation

Jim Chalmers opens door to changing superannuation tax concessions

Treasurer again questions sustainability of concessions on contributions, saying conversation ‘shouldn’t be off the table’

The Guardian - AU

Reserve Bank offered treasurer the choice to have King Charles on Australia’s $5 banknote

RBA releases documents under FOI after Jim Chalmers said decision to feature Indigenous culture instead of monarch was bank’s

The Guardian - AU

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Alan Kohler: RBA defence of interest-rate mallet highlights the truth about inequality

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.

The New Daily

Treasurer questions viability of super tax breaks

Jim Chalmers has kept the door open to an overhaul of super tax concessions as he looks for opportunities to repair the stretched federal budget.

AAP

Chalmers pledges to ‘end the super wars once and for all’ and calls for end to early access

Treasurer proposes to enshrine in law a new definition of super to guide future policy decisions

The Guardian - AU

The Lowe road – the RBA is treading a 'narrow path' between inflation and recession

It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.

The Conversation

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6,000 words but silent on falling real wages: what Chalmers got wrong on 'values-based capitalism' and fixing our economic woes

Federal Treasurer Jim Chalmers’ recent essay in The Monthly, “Capitalism after the crises”, tells us a lot about economic predicament faced by the Albanese government and governments around the world.

The Conversation

Afternoon Update: Unemployment rises to 3.7%; Queensland shooting declared terrorism; and the ‘perfect’ cosmic explosion

Jim Chalmers says there are ‘human consequences’ for slowing economy

The Guardian - AU

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grip of skyrocketing mortgage repayments.

ABC News

Paul Bongiorno: Aston by-election puts sharp focus on political faultlines

The by-election date for the Melbourne seat of Aston hasn’t been announced, but it is already having a significant impact on politics.

The New Daily

Alan Kohler: The undemocratic independent Reserve Bank

Politicians refer so often to the “independent” Reserve Bank that its initials should change to the IRBA, writes Alan Kohler.

The New Daily

No such thing as a free lunch. Questions for RBA governor Philip Lowe about ‘cosy’ meeting

RBA governor Philip Lowe will be asked to explain why he privately briefed elite bankers about the ninth consecutive rise in interest rates – during a

The New Daily

Treasurer says government's energy market intervention is already working to provide household relief

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

ABC News

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The Guardian - AU

Jim Chalmers confident Australia will avoid recession despite warnings of more interest rate rises

The treasurer also noted ‘very encouraging’ signs on power prices falling, saying Labor’s energy price relief package was working

AAP

Intervention for energy prices working, says treasurer

Treasurer Jim Chalmers says intervention in the energy market is working and that a decision will be made mid-year on the fate of RBA governor Philip Lowe.

AAP

RBA backs power bills relief plan to help ease costs

As Treasurer Jim Chalmers has seized on support for a power bill relief plan as he meets his state and territory counterparts online.

The New Daily

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

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The Conversation

A story for every place, not jobs and growth: Revive reflects global trends in policy – cultural and otherwise

Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive.

The Guardian - AU

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Conversation

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The New Daily

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The Guardian - AU

Jim Chalmers says it’s absurd to expect him to copy Paul Keating as critics lash values-based capitalism essay

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The Guardian - AU

Fury over Chalmers’ essay is a reminder to Labor: change won’t get an easy ride

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

AAP

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

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