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The Latest Breaking News from Jim Chalmers

'Need to do more': Labor to lift lid on housing reform

Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.

AAP

Budget boost to tackle growing ranks of homeless youth

Helping homeless young Australians to find a place to live is the aim of a $60 million federal budget measure to even the odds of renting a room.

AAP

What we know so far about tax, housing, fuel and broken promises in the federal budget

The long sell for Labor’s budget package means we know a lot about what to expect on Tuesday night

The Guardian - AU

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Budget to include extra $2bn for infrastructure – as it happened

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The Guardian - AU

Super shake-up wins support as budget savings spruiked

Changes to the superannuation performance test will unlock more investment opportunities, the sector says, but concerns are raised over the scheme's integrity.

AAP

Grattan on Friday: The Farrer result will set off a willy willy. The budget already has

The run-up to a budget always sees a degree of chaos. But this year it has looked like one of those willy willies that blow up in outback Australia when the wind stirs a storm of dust.

The Conversation

What Avril Lavigne can teach Chalmers ahead of budget

The best thing the federal government can do to boost productivity in the budget is to make things less complicated for businesses, a top economist says.

AAP

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Ask your questions about the 2026 Australian federal budget

Got a burning question about capital gains, NDIS, Medicare or EV tax breaks? Use the form to send your question in and our team will get the answer on Tuesday

The Guardian - AU

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

AAP

Treasurer warned on household handouts ahead of budget

Millions of Australians could receive an income offset in the budget, but the Reserve Bank is cautioning against the federal government increasing spending.

AAP

Next week’s budget to reduce electric vehicle FBT concession

Next week’s budget will contain cutbacks to the concessional treatment of electric vehicles (EVs) that will save the government $1.7 billion over the budget period.

The Conversation

Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices

As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply to EVs costing less than $75,000

The Guardian - AU

View from The Hill: the art of political spin – defending a broken promise as ‘building trust’

In his first term, Anthony Albanese was highly reluctant to break promises. He resisted for a long time recalibrating the Coalition’s tax cuts, because he had undertaken to deliver them intact.

The Conversation

Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet

The treasurer also says May federal budget will play ‘helpful not harmful role in fight against inflation’

The Guardian - AU

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The Guardian - AU

Australia and Japan commit to ‘support the flow’ of energy – as it happened

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AAP

Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

AAP

Fiscal restraint to define federal budget as costs rise

Health, defence and welfare commitments are among fiscal pressures weighing on the federal budget as Treasurer Jim Chalmers vows to put a lid on spending.

The Conversation

View from The Hill: Albanese sensitive on one tax reform that won’t be in the budget

With all the talk about the May 12 budget containing significant tax reform, Anthony Albanese sounded very sensitive when confronted about one big reform his government won’t be making.

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AAP

Extra annual leave, roster 'justice' urged for workers

Unions are pushing for workers to get five weeks of annual leave and an overhaul of how rosters are managed, as workers "suffer" from unfair conditions.

AAP

Hopes of wartime windfall shot down for federal budget

The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.

The Guardian - AU

Limiting capital gains tax changes to new investments would ‘severely delay’ budget reforms, Deloitte says

Treasurer Jim Chalmers had indicated ‘transitional’ proposed changes as Labor attempts to repair a ‘structurally flawed’ budget

The Guardian - AU

Massive profits already earned by property investors to be shielded from Chalmers’ CGT changes

Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’

AAP

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

The Conversation

Negative gearing tax breaks could finally be tightened in the May budget. What options are on the table?

In the lead-up to the May federal budget – now just a fortnight away – Treasurer Jim Chalmers has left the door open to winding back negative gearing, used by around 1.1 million investors for rental properties.

AAP

Canaries in AI coalmine still chirping, jobs data shows

A forum bringing together government, unions and business groups will discuss how to ensure workers and employers both benefit from artificial intelligence.

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