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The Guardian - AU
The Guardian - AU
National
Katharine Murphy Political editor

Chalmers offensive: crunch time as treasurer faces first federal budget

Treasurer Jim Chalmers will deliver his first budget on Tuesday, just five months into the portfolio.
Treasurer Jim Chalmers will deliver his first federal budget on Tuesday, just five months into the portfolio. Photograph: Lukas Coch/AAP

Sometime after midnight on a freezing morning in August 2002, 24-year-old Jim Chalmers swum the length of the fish pond at University House at the Australian National University. Chalmers was an ANU alumnus, completing a PhD on the leadership of Paul Keating. Back then, he worked as a researcher in Labor’s national secretariat and had just wound up work on a party review spearheaded by Bob Hawke and Neville Wran. He went to the pub. A few beverages in, someone mentioned Hawke had swum the length of the University House fish pond half a century before. Fortified by brash laddishness, history and beer, Chalmers waded in and performed a re-enactment.

Twenty years later, Chalmers returned to the ANU as the federal treasurer and shared this anecdote with a group of elite scholars. Youthful hijinks were repackaged as a story with a moral. Chalmers told the group it was great to mirror your heroes, but people who wanted to make the world a better place needed to offer more than homage or mimicry. They needed to “walk further, and forward” – a theme he’s played with since his first speech to parliament. Michael Cooney, a close friend since their ANU post-grad days, says Australia’s treasurer is one of the few people of his acquaintance with the brio to dive into a fishpond in the dead of Canberra’s winter “and the poise to make such good use of it”.

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