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The Latest Breaking News from Jim Chalmers

Budget handout claims fuel fears of further rate pain

Economists at the big four banks are split on whether the Reserve Bank will go on an extended pause or raise interest rates again.

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

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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

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

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The Guardian - AU

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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.

AAP

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.

The Conversation

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.

AAP

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’

The Guardian - AU

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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.

The Conversation

The carbon tax debate damaged Julia Gillard’s leadership – and good climate policy for years to come

Carbon pricing and the Gillard government are fused together like molten glass in the memory of all those who witnessed the traumatic and consequential policy and political drama surrounding it.

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The Conversation

Grattan on Friday: Politically, the baby boomers’ day is done

Politically, it’s a very bad time to be a baby boomer.

The Conversation

Tinkering with the capital gains tax discount isn’t enough. Here’s why it needs to go

It looks increasingly likely Treasurer Jim Chalmers will make changes to the capital gains tax (CGT) discount in the federal budget in May.

The Conversation

Politics with Michelle Grattan: former minister Ed Husic on why Labor must ‘stare down’ gas companies over tax

Next month’s federal budget is an even tighter balancing act than usual, with Treasurer Jim Chalmers facing global economic uncertainty, a fuel crisis and the need to juggle cost-of-living relief with combating inflation.

AAP

Disability cuts on table as treasurer eyes cost spiral

State officials will be briefed on the federal government's plans to overhaul spending on the NDIS, expected to be announced within days.

The Guardian - AU

NDIS infiltrated by organised crime gangs using intimidation and threats of violence against Australians

Review recommends better use of NDIS data to identify repeat rorters and a requirement for providers to register with the government

The Guardian - AU

Millions of Australians will get a $1,000 instant tax deduction under a new law – here’s how it will work

Draft legislation for treasurer Jim Chalmers’ new instant tax deduction policy lands just over a year after Labor proposed the change in the run-up to the 2025 election

The Conversation

NDIS changes to be unveiled on Wednesday will provide budget’s biggest cuts

The Albanese government on Wednesday will unveil the biggest source of cuts in the May 12 budget, when it announces a sweeping overhaul of the National Disability Insurance Scheme.

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