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The Latest Breaking News from Jim Chalmers

New COVID wave set to peak by month's end

The new COVID-19 wave spreading across the country is set to reach its peak by the end of July, as the government unveils its winter plan for aged care.

AAP

Small number of Australian petrol stations investigated for not passing on fuel excise price cut

Consumer watchdog says most locations relayed 20c cut to motorists, while treasurer confirms concession still likely to end on 28 September

The Guardian - AU

TikTok admits Australian data can be accessed in China, prompting warnings app may be compromised

TikTok is adamant it would never hand over Australian user data to the Chinese government but, after admissions that data can be accessed in China, federal politicians warn the app could be compromised.

ABC News

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Australia is getting a wellbeing budget: what we can – and can't – learn from New Zealand

Federal Treasurer Jim Chalmers has confirmed Australia will follow Aotearoa New Zealand’s example and put wellbeing at the centre of the national budget.

The Conversation

Treasurer defends end of free RAT scheme

Treasurer Jim Chalmers says the federal government can't continue to give free COVID-19 rapid antigen tests for concession card holders indefinitely.

AAP

Government eyes increase to skilled migration, but says it won't be the simple fix to Australia's labour woes

Australia's Treasurer Jim Chalmers says he is in discussions with business about a temporary increase to the nation's skilled migration intake, as the sector lobbies for 200,000 visas to be offered to address labour shortages.

ABC News

Migration lift not only jobs fix: Chalmers

Treasurer Jim Chalmers says a boost to migration is not the only solution to fixing skills shortages across the country.

AAP

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Women's job opportunities in the spotlight at Albanese's summit

Ensuring equal opportunities and pay for women is one of the wide range of topics laid down for the federal government’s jobs summit, to be held September 1-2.

The Conversation

Global oil prices have slumped, yet petrol price relief is uncertain

The global oil price slump does not necessarily mean you will pay less to fill your tank.

ABC News

Climate modelling abandoned by Abbott nine years ago reinstated by Labor government

For almost a decade under the former Coalition government, Treasury did not model the economic impacts of climate change. The new government is ordering the practice to be resumed.

ABC News

Anthony Albanese says comparing his Ukraine visit to Scott Morrison’s Hawaii holiday ‘beyond contempt’

PM defends his response to NSW floods crisis, saying federal Coalition didn’t ‘get the memo about the new politics’

The Guardian - AU

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

ABC News

More major warnings issued as focus turns to mid-north coast – as it happened

This blog is now closed

The Guardian - AU

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

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The Canberra Times

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

AAP

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

The New Daily

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

AAP

Fuel excise relief to end: Treasurer

Labor's Jim Chalmers says motorists should be ready for fuel prices to rise in September as economic challenges like high inflation take a toll.

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AAP

Pay rise won 'for those who kept us going'

Treasurer Jim Chalmers says the new Labor government has fought for the minimum wage rise up to 2.8 million Australians will receive from July 1.

AAP

Moody's affirms Australia's AAA rating

Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.

ABC News

Future make-up of RBA board a 'key consideration' going forward, says Federal Treasurer

Federal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases.

AAP

Extraordinary commodity prices aid budget

Strong prices for Australia's commodities has seen a marked improvement in the budget, Treasurer Jim Chalmers says, but he warns these prices are volatile.

The Guardian - AU

Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

Treasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board

The Guardian - AU

Ministers defend cut to crossbenchers’ advisers, despite fury of Jacqui Lambie and other independents

Lambie, Zali Steggall and David Pocock have attacked the Albanese government’s decision, saying they may not support legislation if they don’t have the resources to understand it

The Conversation

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

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