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The Latest Breaking News from Jim Chalmers

No one holds the government to account on spending. We need a budget watchdog that can bite

Treasurer Jim Chalmers has made budget sustainability one of the key pillars of the reform roundtable to be held next week.

The Conversation

'Better lives' urged as goal from productivity push

Bold tax reform, faster clean energy consents and rethinking care sector productivity should be the focus of the treasurer's economic summit, a think tank says.

AAP

Rethink on rules for everyday items could spur economy

Australia could ease business burdens and save consumers billions every year by ensuring requirements for everyday products align with international standards.

AAP

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Grattan on Friday: Anthony Albanese marches cautiously towards Palestinian recognition

Treasurer Jim Chalmers has been putting it succinctly, declaring it’s a question of when, not if, Australia recognises Palestine as a state.

The Conversation

Students strike for Palestine – as it happened

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The Guardian - AU

ASX faces listing competitor after damaging TPG blunder

Financial regulator ASIC is considering approving an ASX rival to launch a competitor listing market, which the treasurer hopes will boost investment.

AAP

Embattled ASX set to face beefed-up competition, in bid to boost investment

The Australian Securities and Investments Commission is set to boost the competition faced by the much-criticised ASX in an effort to clear roadblocks for investors and attract more foreign capital to Australia.

The Conversation

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View from The Hill: Can Chalmers extract a serious deregulation agenda from reform roundtable?

Treasurer Jim Chalmers has three challenges with his economic reform roundtable, which is all about how to improve Australia’s productivity, budget sustainability and economic resilience.

The Conversation

Climate ratings could spare buyers from risky homes

Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.

AAP

Business lobby rejects proposed company tax overhaul

The corporate sector is rallying against calls for a new cashflow tax for businesses, while small companies would have their rate cut under the reforms.

AAP

Productivity Commission proposes biggest company tax rate cut in 40 years

A 20% cut for small and medium businesses put forward as part of commission’s report on how to create more dynamic and resilient economy

The Guardian - AU

Point of starvation spurs statehood push for Palestine

Australia recognising Palestinian statehood is only a matter of time, the treasurer says, as an expert warns starvation has reached a tipping point in Gaza.

AAP

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

The Guardian - AU

Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

The Conversation

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The Guardian - AU

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

AAP

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

The Conversation

View from The Hill: How much can Jim Chalmers get out of the economic reform roundtable?

We’re now less than a month away from the start of the Albanese government’s “economic reform” (aka “productivity”) roundtable, but it has become quite hard to get a fix on exactly what this gathering will amount to.

The Conversation

Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29 Senators (up from 26).

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AAP

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

AAP

Trade stand-off continues as US drug tariffs loom

The deadline on US pharmaceutical tariffs has been dramatically brought forward, in the latest escalation of Donald Trump's trade war with the world.

The Conversation

Grattan on Friday: New parliament presents traps for Albanese and Ley

Anthony Albanese hasn’t been in any rush to convene the new parliament, which Governor-General Sam Mostyn will open on Tuesday.

AAP

Treasurer to trumpet teamwork in face of US trade wars

Countries are being urged not to bow to Donald Trump's trade demands as Australia's treasurer prepares to meet with his global counterparts.

AAP

Big bank's tax vision bucks business lobby, coalition

Australia's largest company has broken ranks with big business to call for wealth taxes and limits to superannuation tax concessions to help drive productivity.

The Guardian - AU

Morning Mail: Chalmers’ plea to opposition, Victoria banner stoush, Trump’s arms for Ukraine

The treasurer urges other parties to get behind his drive to improve productivity; US president says Russia faces severe sanctions if it doesn’t make peace

The Guardian - AU

Afternoon Update: Treasury’s dire housing warning; German backpacker speaks after WA ordeal; and Cook Islands considers its future

Treasurer downplayed advice from department officials saying current policy settings would not deliver 1.2m new homes target

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