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The Latest Breaking News from Jim Chalmers

Labor should use its ‘power for the people’ and lift jobseeker, former RBA governor says

Bernie Fraser has joined the chorus of calls to raise rates as Labor MP warns ‘we may not get a second chance’

The Guardian - AU

‘Considerable’ numbers of Labor MPs join push to raise JobSeeker

Economists, anti-poverty advocates and Labor MPs are among those calling on the government to raise the “cruel” rate of JobSeeker.

The New Daily

Workers should be on the Reserve Bank of Australia’s board

These representatives bring expert knowledge of how the real economy works and labour market operations. Workers must have a say.

The New Daily

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Jim Chalmers promises cost-of-living relief in budget but won’t commit to raising jobseeker

Treasurer says government’s focus remains on jobs, as CEO of Acoss says increasing unemployment benefit still a ‘live debate’

The Guardian - AU

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

ABC News

A bastard's tale worthy of the Anzac legend

Apart from its historical significance, it's a rollicking good yarn.

Newcastle Herald

Albanese, Hipkins toast trans-Tasman renewal over snags

Anthony Albanese met with New Zealand Prime Minister Chris Hipkins on Sunday after momentous changes to Australian citizenship for Kiwis.

AAP

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Labor promises to ‘grab this opportunity’ to become renewable energy superpower

‘To see this at the heart of government planning is an overwhelming relief,’ Energy Council says, while investors warn of impact from US energy package

The Guardian - AU

Labor pours cold water on increasing jobseeker – leaving progressive voters scratching their heads

Labor may be correct that it can’t solve poverty in one budget, but it has no excuse not to begin the process

The Guardian - AU

The Treasurer has great ideas, but barely a chance to them into action

The Treasurer's upcoming budget will be difficult. So difficult that it’s unlikely to see any reforms to rein in spending or grow revenue .

The New Daily

Crackdown on businesses faking clean energy credentials

Treasurer Jim Chalmers has announced a crackdown on companies over-egging their clean energy credentials as the government boosts investment in renewables.

The New Daily

Coalition, Labor at odds over RBA board appointments

As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.

The New Daily

Morning Mail: NSW left behind on drug policy, Gorgon carbon capture fail, SpaceX rocket blows up

Queensland’s move to three-strike system for minor drug possession leave NSW isolated; emissions shoot up 50% at huge gas project; Elon Musk says spacecraft test was ‘exciting’

The Guardian - AU

Advice on voice a ‘cynical political tactic’ to confuse voters, Coalition claims – as it happened

This blog is now closed

The Guardian - AU

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The New Daily

Madonna King: The world has evolved, and that’s why the RBA should too

Jim Chalmers’ in-principle support for the recommendations released in yesterday’s review of the RBA is also welcome.

AAP

Reserve Bank to keep close eye on jobs and inflation

The Albanese government will enact the recommendations of a review of the Reserve Bank, to ensure it focuses on full employment and inflation.

The New Daily

Reserve Bank revolution: Jim Chalmers reshapes the RBA for the 21st century

The scale of the RBA changes recommended by the review is large – there is an entire section devoted to a year-long implementation process.

The Conversation

Grattan on Friday: The government invited ambit claims for the budget and now it will be judged against them

Budgets are for stakeholders and interest groups like Christmas is for kids. They’re preceded by a multitude of letters to “Santa”, aka the treasurer, in the run-up.

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ABC News

What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments?

A scathing review of the Reserve Bank of Australia is set to deliver a shake-up of the central bank not seen in a generation. Here's what it means for interest rates, your mortgage, and RBA governor Philip Lowe.

The Guardian - AU

Afternoon Update: Lowe responds to RBA shake-up; rare solar eclipse in images; and K-pop star dies at 25

RBA governor welcomes review of central bank as treasurer announces all 51 recommendations will be implemented

The New Daily

RBA boss concedes central bank ‘needs to change’

RBA boss Philip Lowe has welcomed the wide-ranging review of the central bank, admitting it "needs to change".

AAP

Treasurer appoints two new Reserve Bank board members

Former workplace umpire Iain Ross and corporate director Elana Rubin have been appointed to the board of the Reserve Bank of Australia.

The Guardian - AU

RBA shake-up promises board representation for workers, with focus on full employment and fighting inflation

Sweeping changes to Reserve Bank of Australia give equal weighting to employment and inflation, and mandate greater transparency

The New Daily

RBA overhaul to put board members in spotlight

A major overhaul of the Reserve Bank will see a new board for setting interest rates that's more accountable and holds fewer meetings.

The Conversation

Reserve Bank revolution: how Jim Chalmers will recraft the RBA for the 21st century

The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster.

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