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The Latest Breaking News from Steven Kennedy

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Guardian - AU

Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top job

The Guardian - AU

Albo: Thanks but No thanks, ‘friend’

Anthony Albanese tells Peter Dutton his speech recommending a delay to the Voice referendum was ‘totally devoid of empathy’, and Treasury secretary Steven Kennedy is reportedly on the shortlist for the RBA governor’s job.

Crikey

From analysis to the latest developments in health,
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Why didn’t the tax office refer the PwC partner to the police?

There is a strata of penalties the Tax Practitioners Board can impose, ranging from additional training to outright termination.

Crikey

Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

‘I don’t know’: Finance Minister’s honest admission about PwC tax scandal

The government cannot directly say if it can stop doing business with PwC, a firm whose ex-CEO allegedly leaked Australian tax secrets.

The New Daily

Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears

Senator Barbara Pocock has requested PwC release the names of partners understood to be involved, saying she is ‘confident they will reach the public’

The Guardian - AU

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Treasury not worried about existing PwC contracts

The head of Treasury says there is "no cause for concern" over government contracts with disgraced firm PwC, despite calls for a ban.

The New Daily

'Clearly disturbing': Treasury referred PwC to police after emails exposed by Senate

Treasury boss Steven Kennedy says he was able to refer PwC to police for investigation thanks to a push by senators to expose the depth of the firm's tax leak scandal.

ABC News

Treasury boss coy on future direction of PwC action

The head of Treasury has told a Senate estimates hearing he cannot comment in detail on action being taken against PwC because it may impact on a police probe.

The New Daily

Australia refers PwC tax document leak scandal to police

The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday.

Reuters

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

The Conversation

Angus Taylor signals Coalition may reject Labor changes to petroleum resource rent tax

Move may mean government must deal with Greens to pass PRRT reforms as shadow treasurer warns against gas industry’s ‘death by a thousand cuts’

The Guardian - AU

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

The Guardian - AU

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InnovationAus

Treasury secretary shoots down NRF inflation fears

Treasury Secretary Steven Kennedy on Wednesday quelled fears the Albanese government’s $45 billion in off budget spending would add to aggregate demand, saying he does not think the funds are “adding significantly to the near-term risk of inflation” because it is designed to improve productivity and will be rolled out…

AAP

New off-budget funds won't fuel inflation: Treasury

The Treasury secretary has defended Labor's housing and infrastructure funds and says they won't necessarily fuel the short-term inflation problem.

Crikey

A gas price cap — tragically — won’t curb investment in fossil fuels

Fossil fuel companies say they’ll stop investing if there are gas and coal price caps. They’re lying.

The Conversation

To start cutting gas and electricity prices, here's what the government looks likely to deliver by Christmas

Treasurer Jim Chalmers says he’ll have a system in place to deal with rising energy prices by Christmas.

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The Guardian - AU

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

The New Daily

Treasury calls for action on sky-high prices, as blowback comes from gas companies

Gas exporters have signalled their intent to make sure any government regulation on gas prices is watered down.

AAP

Treasury backs energy market intervention

A senior bureaucrat says there's a strong case for intervening in the energy market as the war in Ukraine has caused prices to reach unprecedented highs.

AAP

Energy boom behind major profits: Treasury

Treasury officials have been grilled about the drivers behind inflation and confirmed external supply side shocks as the chief cause.

Bristol Post

New images show what it will be like to sit and watch a show at Bristol's arena

More details have been revealed about the long-awaited arena

The New Daily

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.

ABC News

Treasury staff given small gifts of textbooks, macarons and champagne, documents reveal

A list of gifts received by federal Treasury staff show you don't go into public service to be lavished with exciting presents and riches.

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