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The Latest Breaking News from Jim Chalmers

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

AAP

Airlines to be probed over pricey regional fares

The Productivity Commission will examine pricing practices and competition in regional air travel as the future of a country carrier remains in the balance.

AAP

Treasurer putting Australia in New York's state of mind

Australia's mineral wealth, renewable energy potential and unique regional positioning will be spruiked by the nation's treasurer to big money in the Big Apple.

AAP

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What could a Trump deal on critical minerals mean for Australia – and could Maga be a sticking point?

Ahead of Anthony Albanese’s White House visit, a ‘price floor’ and US investment in mining ventures have been flagged

The Guardian - AU

The ‘messy’ trend behind Australia’s rising unemployment is worrying economists

The RBA is holding fire on further rate cuts until it is confident that inflation is easing. But the latest jobs data complicates matters

The Guardian - AU

Treasurer lays groundwork for 'golden' US minerals deal

Australia is pushing for zero US tariffs and is dangling the carrot of a deal for critical minerals ahead of the prime minister's meeting with Donald Trump.

AAP

Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

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Grattan on Friday: Master communicator vs master tactician, the race between Chalmers and Burke

It was a classic “old bull” versus “young bull” struggle, and the old bull showed he had life in him yet.

The Conversation

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

The Guardian - AU

The government’s super retreat fixes some design flaws, but creates a new distortion

After months of vociferous pushback from the superannuation industry and wealthy investors, Treasurer Jim Chalmers has softened his proposed super tax reforms. The move is a pragmatic political compromise – but it also raises questions about policy consistency and long-term fairness.

The Conversation

Ley calls for parliament to investigate Thorpe over ‘incendiary behaviour’ at protest – as it happened

This blog is now closed

The Guardian - AU

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

AAP

Labor’s watered-down super tax plan creates a fairer system – but it’s far from as fair as it should be

Jim Chalmers says revised superannuation tax reforms still raise a ‘substantial’ amount of money, but it will be much less than before

The Guardian - AU

Afternoon Update: Labor’s super tax walkback; a climate tipping point; and a surprise conversion to birdwatching

Government now plans to scrap tax plan’s application to unrealised gains and delay start date of changes to July 2026

The Guardian - AU

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The Conversation

Jim Chalmers unveils major retreat on controversial superannuation changes

The Albanese government has finally announced a major retreat on its proposed controversial superannuation changes.

AAP

'Victory for common sense': Labor backdown on super tax

A plan to increase tax on large super balances has been overhauled, with Labor saying they took feedback on its original plan seriously.

AAP

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

AAP

Six-week-old Priya set to impact 'countless lives'

It will soon be illegal for employers to cancel paid parental leave after a stillbirth or early infant death.

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The Conversation

The controversial GST deal with the states is under review. There are better alternatives

Treasurer Jim Chalmers last week announced the Productivity Commission will review the 2018 deal that gave states a guaranteed minimum share of the goods and services tax (GST).

AAP

Spending rebound staggers as Aussies kick booze, smokes

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

The Independent UK

Australian prime minister urges China to resume iron ore imports after reported trade disruption

Australia's Prime Minister Anthony Albanese has urged China to import Australian iron ore without hindrance

AAP

BHP cops $5b value hit on talk of China trade blockade

Reports China is halting iron ore shipments from BHP have weighed on the world's biggest miner, but experts say any stoush over prices should be short-lived.

The Guardian - AU

Jim Chalmers’ budget victory lap outpaces reality as Australia’s debt continues to climb

The treasurer celebrated an outcome that could have been worse, but a structural challenge remains as workers are left with the burden of repair

The Guardian - AU

Anika Wells to meet Singtel’s boss as Optus experiences second triple-zero outage in less than two weeks

Optus says it confirmed the welfare of all callers who called triple zero after an issue affected Illawarra region in NSW

AAP

No room for republic in Labor's 'huge agenda'

A push for an Australian republic isn't high on the government's agenda, even though Labor Party policy calls for the reform.

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