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The Latest Breaking News from Jim Chalmers

Tobacco tax to stay despite black market fears

The federal government won't cut its sky-high tobacco tax despite one state premier arguing it has created the perfect conditions for a thriving black market.

AAP

Australia seeks 'best deal' after UK tariff carve-out

Donald Trump's decision to grant the UK a tariff exemption offers some hope for Australia as the prime minister prepares for talks with the US president.

AAP

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

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RBA hints at more interest rate cuts if tariffs worsen

Uncertainty in global markets from Donald Trump's tariffs could lead to the Reserve Bank being more aggressive with interest rate cuts.

AAP

P.TV Explains: What Gen Z Needs To Know About The Tax On $3 Million+ Super Accounts

A new tax on super accounts above $3 million has been making headlines, with some (mostly Australia’s ultra wealthy) absolutely raging about it.

Pedestrian.tv

Fears super tax rise for rich will whack housing market

Slapping taxes on high superannuation balances may be well intended, but the federal government's plan could harbour some pitfalls.

AAP

Politics with Michelle Grattan: Jim Chalmers on keeping Australia out of recession amid the ‘dark shadow’ of global instability

This week, the Reserve Bank delivered welcome news for mortgage holders, with another 25 basis points rate cut.

The Conversation

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'Sustainable': push to keep low-paid from falling back

Almost three million Australian workers are being backed to receive higher pay, but the federal government says it must be economically sustainable.

AAP

Politics with Michelle Grattan: Andrew Leigh on more productive work in the age of AI

Australia’s productivity performance has stagnated for years, and Treasurer Jim Chalmers has declared addressing this is a second term priority.

The Conversation

Price says some Liberals still back nuclear – as it happened

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The Guardian - AU

Consumers in crossfire despite US-China trade war truce

An index measuring consumer sentiment is improving after the US tariff announcements, but Australians are warned the economic impact still remains uncertain.

AAP

Labor wants to boost productivity. Does this mean Australians need to work even harder?

Productivity is down and it’s hurting the economy and your salary. Here’s how treasurer Jim Chalmers plans to try and fix that

The Guardian - AU

From tragedy to triumph: Ali France and the ‘remarkable women’ who delivered a slew of Labor wins in Queensland

Seven female Labor candidates, ‘enough for an entire netball team’, have won seats in the sunshine state, with Anika Wells praising the party for ‘empowering women’

The Guardian - AU

Second-term Albanese will face policy pressure, devastated Liberals have only bad options

On February 1, on The Conversation’s podcast, Anthony Albanese not only declared that Labor would retain majority government, but held out the prospect it could win the Victorian Liberal seats of Menzies and Deakin.

The Conversation

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International Business Times

Australian PM Basks In Win, Vows 'Orderly' Government

Australia's left-leaning Prime Minister Anthony Albanese basked Sunday in his landslide election win, promising a "disciplined, orderly" government to confront cost-of-living pain and tariff turmoil.

AAP

Coalition look to pick up pieces after election blowout

The search is on for a new Liberal leader after Peter Dutton lost his seat, as the coalition comes to terms with its devastating whitewash at the ballot box.

The Guardian - AU

‘The chicken ain’t squawking’: the best quotes of Australian election night 2025

An unprecedented Labor win sparked stirring words of victory from the party, and dejected – and sometimes feisty – words from the defeated

The Guardian - AU

Coalition costings reveal larger deficit over coming two years with cuts to foreign aid and environment programs

Long-awaited costings of more than 200 policies show Coalition would gut long list of environment and clean energy programs if returned to power

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AAP

Economists slam major parties over timing of costings

The coalition has been criticised for releasing its costings just two days out from polling but Labor did the same during the 2022 election when in opposition.

The Conversation

Inflation is easing, boosting the case for another interest rate cut in May

Australia’s headline inflation rate held steady at a four-year low of 2.4% in the March quarter, according to official data, adding to the case for a cut in interest rates at the next Reserve Bank board meeting in May.

The Guardian - AU

Rate cut likely as underlying inflation falls within RBA target range

Headline inflation – which includes the impact of government cost-of-living policies such as rebates – held steady at 2.4% in the year to March

The Guardian - AU

Labor defends plan to save $6.4bn by cutting more consultants as experts call it a ‘lazy option’

While the government’s savings are a ‘worthy target’, achieving them ‘may not be a straightforward process’, some say

The Guardian - AU

Labor releases election promise costings including saving of $6.4bn from cutting more consultants

A re-elected Labor government would also claw back $760m by increasing the cost of student visa applications

The Conversation

Election Diary: Labor to slash more consultant costs and increase visa charges to pay for fresh election commitments

The government has dug out last-minute savings of more than A$7 billion, to ensure its election commitments are more than offset in every year of the forward estimates.

The Conversation

Big and small spending included in Labor costings, but off-budget items yet to be revealed

The federal budget will be stronger than suggested in last month’s budget, according to Treasurer Jim Chalmers who released Labor’s costings on Monday.

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