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The Latest Breaking News from Jim Chalmers

Former Australian PM Malcolm Turnbull says Rupert Murdoch’s ‘anger-tainment’ damaged the democratic world

Longstanding Murdoch critic says mogul leaves ‘hell of a legacy’, as minister suggests he will still play ‘very big role’

The Guardian - AU

Uluru Dialogue accuses Dutton of ‘deception’ over voice – as it happened

This blog is now closed

The Guardian - AU

Budget surplus up to $22bn thanks to strong jobs market and higher commodities prices

Despite improved short-term outlook, Jim Chalmers says structural pressures are ‘intensifying rather than easing’

The Guardian - AU

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View from The Hill: Josh Frydenberg puts political ambition aside to remain in business

Former Treasurer Josh Frydenberg’s decision to put a business future before an attempted political revival is a blow for the Liberal Party, but a relief for the teal member for Kooyong, Monique Ryan.

The Conversation

Treasurer to take fresh look at Future Fund

Australia's sovereign wealth fund could be in for a shake-up, including new personnel, as the Labor government continues its renewal of institutions.

AAP

Crackdown on dodgy tax advisors after PwC scandal

Treasurer Jim Chalmers has released draft legislation aimed at cracking down on dodgy tax advisors and giving the regulator more powers to hunt down renegades.

AAP

Labor driving towards secure future with jobs roadmap

Treasurer Jim Chalmers is set to release the Employment White Paper setting out policies to put secure jobs in reach of more Australians.

AAP

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Stiffer penalties and increased ATO powers spearhead Labor’s tax overhaul

Treasurer Jim Chalmers to take aim at ‘blatant misconduct in our tax advice industry’ after PwC scandal

The Guardian - AU

Positive outlook for local and export gas supplies for early 2024: ACCC

The outlooks for both local and export supplies of gas are positive for the early months of next year, according to the Australian Competition and Consumer Commission inquiry’s September report.

The Conversation

OECD inflation outlook suggests further Australian interest rate rises possible

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

The Guardian - AU

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

AAP

Aussies falling off fixed mortgage to higher rate peaks

About a million Australian mortgage holders have come off low fixed interest rates to a higher variable one since they started increasing.

AAP

Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

The Guardian - AU

Albanese is Beijing-bound

PM Anthony Albanese will visit China later this year at the invitation of Chinese President Xi Jinping, 50 years after Gough Whitlam’s historic visit, and the jostling begins for the seat of Liberal Senator Marise Payne as speculation mounts that she will retire from politics ‘imminently’.

Crikey

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The Guardian - AU

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Conversation

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Guardian - AU

Danielle Wood to become first woman to head Productivity Commission

Labor appoints well-known Grattan Institute chief after senior Victorian treasury official Chris Barrett pulls out of recruitment process

The Guardian - AU

Question time chaos – as it happened

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The Conversation

Grattan on Friday: It can be a battle to get information from the Albanese government

Thank goodness for Senate committees. This week, they’ve proved, yet again, to be worth their weight in accountability gold.

Crikey

Something stinks. Should Labor’s Qantas bromance go to the corruption watchdog?

The cosy relationship between the Albanese government and Qantas is crinkling the nose. It needs to be investigated.

Crikey

The progressive case for raising the GST

The left has rallied around ‘taxing the rich’, as if tax were a punishment. But it shouldn’t be seen that way.

Newcastle Herald

How the intergenerational report can help the Hunter get its economic house in order

We need to act now to ensure that the Lower Hunter economy beyond 2050 is diverse and prosperous.

Crikey

Not so gentle giants

All the major supermarket chains are accused of taking unauthorised deductions from suppliers’ invoices but Woolworths is the only one so far vowing to investigate the complaints, and hearings will begin in the Senate today on Australia’s freedom of information (FOI) regime.

The Guardian - AU

Labor is nibbling at tax reform but revamping stage three cuts is too big to swallow

The intergenerational report shows cuts will be needed in the medium to long term to prevent workers paying an ever-growing share of the total take

Crikey

Intergenerational report points to the productivity reform the media don’t want to talk about

This latest report suggests that more competition will improve productivity — that’s a message big business doesn’t want to hear.

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