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The Latest Breaking News from Jim Chalmers

Government strengthens powers for telcos to share affected data following Optus hack

Optus will be able to share drivers licences, Medicare and passport numbers with banks and government agencies to assist in fraud detection following a data breach that affected almost 10 million current and former customers.

ABC News

Jim Chalmers has a unique chance to remake Australia – or to squander $243bn on the rich

Australia is one of the richest countries in the world but decades of tax cuts have trained us to feel poor

The Guardian - AU

Former ACCC boss Rod Sims calls for tax increases amid debate over stage 3 cuts

The former chair of the ACCC says taxes must rise if the federal government wants to deliver the essential services Australians demand.

ABC News

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Liberal moderate Bridget Archer says Labor right to be questioning stage-three tax cuts

Archer tells Albanese government ‘it’s OK to change your mind’ as debate continues within ALP about future of Coalition tax package

The Guardian - AU

Stage-three tax cuts: What makes them so controversial?

Stage three tax cuts will kick in during 2024 and on net it will benefit people who earn over $180,000, or the top 3.7 per cent.

The New Daily

Reserve Bank’s dovish interest rate rise gives Jim Chalmers more cause to grin than grimace

The treasurer was used to empathising with borrowers after the RBA’s ‘supersized’ rises – instead, he got to talk about the budget

The Guardian - AU

Treasurer pleads caution on tax cuts as calls to ditch them grow louder

With deteriorating global economic conditions and no prospect of remission inflation, the Treasurer promised a “sustainable” budget.

The New Daily

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Australian central bank lifts cash rate to 9-year high 2.6%

Australia’s central bank has boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%

The Independent UK

Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

The Canberra Times

Jim Chalmers says he will make the ‘right decisions’ on stage-three tax cuts

Treasurer says while the government’s policy has not yet changed ‘any responsible government’ would be looking at global economic pressures

The Guardian - AU

Banks raise interest rates in response to RBA – as it happened

This blog is now closed

The Guardian - AU

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

Multinational tax reform gets under way

The Albanese government has opened consultations on international corporate tax reforms to close tax loopholes exploited by multinationals.

AAP

A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

Labor understands any broken promise will be weaponised by its political foes. But an economic storm is brewing and it’s time to change tack

The Guardian - AU

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The Canberra Times

How the government plans to make multinationals pay their share of tax

The federal government has begun moving on international tax reforms.

AAP

Rate rises tipped to slow in coming months

Mortgage holders will be watching the central bank's October decision nervously, with a rate rise of at least 25 basis points all but certain.

The New Daily

Alan Kohler: Past budgets and tax cuts are a foreign country

When LP Hartley wrote “the past is a foreign country: they do things differently there”, as the first line of his novel The Go-Between, he was on about

The Guardian - AU

Majority of Australians back sound economic management over keeping promised tax cuts, survey suggests

Almost half of those polled support axing stage three cuts while one quarter thought they should be kept

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AAP

Labor to take 'responsible path': Chalmers

Treasurer Jim Chalmers is looking abroad to avoid an economic meltdown at home as he prepares to deliver his government's October budget.

The New Daily

Madonna King: Why is the Queen a notable exception? Do we get rid of her at all?

There are many contenders. But here’s the rub. Whether you know who's on the note or not, we all know it’s not worth what it used to be.

AAP

More homes selling at a loss

There's been an uptick in home owners selling at a loss as rising interest rates push property prices lower.

ABC News

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

AAP

Motorists brace for fuel price hike

Petrol prices are expected to shoot up by more than 20 cents a litre now that the fuel excise has been reinstated in full.

The Guardian - AU

Average Australian renter paid $3,000 more last year, research finds

Greens say average rent rise of 13.8%, or $62 a week, highlights need for two-year national freeze

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