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The Latest Breaking News from Jim Chalmers

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

AAP

'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

AAP

LNP piggybacks federal Labor policy to chew into costs

The Queensland Liberal National Party will borrow a federal Labor plan to drive down debt and increase savings, after finally announcing its economic plan.

AAP

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Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

AAP

Strong labour force report dims rate cut prospects

Interest rates are unlikely to fall soon after new data showed workers are being onboarded by employers in huge numbers, reflecting a resilient jobs market.

AAP

Albanese’s $4.3m home purchase could increase pressure to change property tax laws, Labor MPs suggest

Prime minister says he is focused on solving the housing crisis but the opposition has accused him of being out of touch with voters

The Guardian - AU

Australia to ban ‘dynamic pricing’ of tickets after Green Day uproar

Australian Prime Minister Anthony Albanese says he will outlaw ‘dodgy practices’ that rip off customers.

Al Jazeera

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Dodgy subscription traps and hidden fees to be banned

A slew of manipulative sales tactics, including subscription traps and hidden fees, are in the federal government's sights.

AAP

Australia announces plans to ban debit card surcharges

Australian Prime Minister Anthony Albanese says move would help ease cost of living for households.

Al Jazeera

Debit card surcharges could be scrapped in crackdown

Surcharges on debit card purchases could become a thing of the past by 2026, but some groups are warning the fees could be imposed in other ways.

AAP

Shoppers to no longer pay fees when using debit cards under new Albanese government plan

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs

The Guardian - AU

Grattan on Friday: Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis

Angry, accusatory partisan exchanges over the Middle East war have dominated federal politics this week. But for most ordinary voters the issue remains “over there”.

The Conversation

Global petrol price spike due to Middle East conflict to hit Australian motorists, Jim Chalmers warns

‘Rule of thumb’ is Australia’s inflation rises 0.4% when a 10% increase to crude oil price lasts a year

The Guardian - AU

More pain at the petrol pump as oil prices spike

Conflict in the Middle East is having a flow-on effect for Australian fuel prices but petrol stations have been cautioned not to take motorists for a ride.

AAP

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AAP

New merger laws to shelve 'damaging' supermarket deals

The competition watchdog will have to be notified of every supermarket merger to prevent major players from gaining an unfair advantage.

The Conversation

Failure to launch: why the Albanese government is in trouble

It wasn’t meant to be like this.

The Guardian - AU

IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’

‘The RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate,’ fund says in latest assessment report

AAP

Australia may miss billions in green Chinese investment

Chinese investment in Australia has fallen, despite the nation's growing budget for renewable energy projects in the transition to net zero emissions by 2050.

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The Conversation

More than 430,000 Australians could have owned their own home today – if not for 7 prime ministers’ inaction

Thirteen years ago at the tax summit called to discuss the Henry Tax Review, David Koch stopped discussion of negative gearing dead in its tracks.

AAP

Expert rejects supermarket land banking concerns

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

The Guardian - AU

Afternoon Update: Labor threatens visa cancellations after protests; Baby Reindeer wrongly billed as ‘true story’; and a scrappy punk band’s evolution

Home affairs minister Tony Burke issues statement after some marchers carried Hezbollah flags

The Guardian - AU

Victoria police identify six possible criminal incidents after Hezbollah flags seen at weekend protests

Federal government warns against importing ‘radical ideologies of conflict’ and threatens to cancel visa of anyone inciting ‘discord’

AAP

Advice on negative gearing 'not out of the ordinary'

Debate over housing policy prompted Treasury advice on negative gearing, says Jim Chalmers after the PM denied the government had plans to reform the scheme.

AAP

Community tensions boil after Hezbollah flag display

The flaunting of Hezbollah flags and pictures of the terror group's slain leader at a protest has inflamed community tensions following mass protests.

AAP

Australian optimism tempered over Chinese stimulus

Australia has welcomed a major Chinese stimulus as its stalling economy has flow-on effects but the treasurer has warned about being overly optimistic.

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