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The Latest Breaking News from Jim Chalmers

AI business 'wake-up call': teach workers or miss out

Workers need greater training in artificial intelligence technology to tap into future innovations, a study has found, but many are resistant to change.

AAP

Hot economic growth may place further rate cuts on ice

Reserve Bank governor Michele Bullock has signalled there might not be many more interest rate cuts to come after surprisingly strong economic growth.

AAP

Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

The Guardian - AU

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Australia’s economy shows best result in two years as consumer spending picks up

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

The Conversation

Everyone in Canberra agrees action is needed on AI. But what to do and how? And at what cost?

Balancing productivity gains with the potentially negative impact on jobs and our way of life will be a defining issue for Labor

The Guardian - AU

'No-brainer' to end negative gearing on holiday rentals

A group of crossbenchers and Labor parliamentarians have heard ending negative gearing on short-stay rentals would boost housing affordability and the budget.

AAP

Business boost as more nuisance tariffs get the chop

Another 500 nuisance tariffs on items such as tyres and wine glasses are set to be slashed, saving Australian businesses millions in compliance costs.

AAP

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Show us your 'cojones': cricket star tests PM on Israel

The prime minister has been urged to sanction Israel during a meeting with cricketer Usman Khawaja who says Anthony Albanese has the "cojones" to take action.

AAP

Usman Khawaja says Labor has been ‘100% too slow’ to ban gambling ads to protect children

Australian cricketer says the normalisation of gambling in sport for young people is ‘scary and dangerous’ as government continues to sit on reforms

The Guardian - AU

G'day AI: ChatGPT company reveals its Australian move

Australian companies rank among its top subscribers and OpenAI has announced plans to move an arm of its operations to Australia.

AAP

Youngest senator describes battle with depression

Australia's youngest senator celebrated her 21st birthday on election night, and has laid bare her journey to the nation's federal parliament.

AAP

Tax perks on super for retirees 'deserved': treasurer

As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.

AAP

Pause on new regulations to fast track building homes

A pause in new regulations on construction standards will aim to have homes built faster under changes stemming from the productivity roundtable.

AAP

Why Australian AI regulation could be a legal patchwork

Artificial intelligence may not be governed by a single, dedicated law in Australia but experts say changes to several existing laws could offer protection.

AAP

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AAP

Warning building rule book freeze not consequence-free

A pause or review of the construction code has garnered support as a way to speed up home building but some argue a full hiatus could be counterproductive.

AAP

Treasurer mulls making tax fairer for young Australians

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

The Guardian - AU

Giving Australians $2,700 tax back while widening GST could help generate $152bn windfall, economist says

Economist who modelled GST estimates his proposed tax reform would lift real GDP by 6%, boost business investment by 11% and increase the number of homes by 8%

The Guardian - AU

Rapid overhaul of Australia’s environment laws among flurry of pledges from productivity roundtable

Treasurer announces consensus on some reform directions, including stronger environmental standards, changes to foreign investment rules and new guidelines for AI

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The Conversation

Grattan on Friday: a laundry basket of reform leaves a lot of washing to be done

As Jim Chalmers was navigating his economic reform roundtable, his colleague Mark Butler on Wednesday took a dive from the 10-metre board into the pool of budget repair.

The Conversation

Chalmers wins tail wind on tax reform from roundtable

The government has obtained from its economic reform roundtable broad support to work on three major areas of tax reform.

AAP

What happened at the government's economic roundtable?

The federal government's economic reform roundtable brought together some of the nation's brightest minds, so has it solved Australia's productivity problem?

The Guardian - AU

Afternoon Update: Netanyahu doubles down on Albanese feud; wild weather in NSW; and is it ever OK to feed wildlife?

The Israeli PM ignored pleas from Australian Jewish groups to calm his feud with Anthony Albanese

The Conversation

View from The Hill: Everyone wants a slice of the productivity action

It’s too early to make a judgement about how productive the government’s economic reform (also known as productivity) roundtable will be, but the fact it’s behind closed doors is making it a rather amorphous affair to follow.

The Guardian - AU

AI doom, nature laws and solving the housing problem: five takeaways from day two of economic reform roundtable

Jim Chalmers says ‘a useful consensus’ is emerging in several key reform areas

The Guardian - AU

AI, red lines and the idea employers hated: five takeaways from day one of economic reform roundtable

Jim Chalmers praised the quality and calibre of engagement as ‘outstanding’. Here’s the main discussion points from Tuesday

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