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The Latest Breaking News from Jim Chalmers

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

AAP

Australia’s inflation rise could light the fuse on an early election

The government’s popularity may pivot on Wednesday’s CPI figures and a pre-Christmas poll would be a prospect if it viewed the RBA’s job was done

The Guardian - AU

Sustainable fuel hopes take off with eyes on emissions

Flights could become more environmentally friendly as Australia and New Zealand explore ways to produce sustainable aviation fuel at home.

AAP

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Grattan on Friday: Eyes are on Sunday’s reshuffle but government’s fears are about Wednesday’s inflation number

After Thursday’s announcement that cabinet ministers Linda Burney and Brendan O'Connor were stepping down from the frontbench, all public attention came on to the reshuffle to be unveiled on Sunday.

The Conversation

Despite what you’ve read, Jim Chalmers’ wellbeing framework hasn’t been shelved – if anything, it’s been strengthened

Reports in The Australian suggesting Treasurer Jim Chalmers has shelved his budget wellbeing framework, known as Measuring What Matters, are incorrect.

The Conversation

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

AAP

Election Trump's to lose, former ambassador to US says

Joe Hockey, who served as ambassador to the US during the Trump administration, says the Republican candidate is hungrier to win the presidency than in 2016.

AAP

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Rate hike chance 'incredibly slim' in bumpy last mile

Australia is charting a similar rocky path down from elevated inflation as other major economies, economists say, but is only a few steps behind.

AAP

Australia urged to 'take lessons' from Trump shooting

Politicians should take note that Donald Trump's shooting follows increased division and anger in US society, an ex-Australian ambassador to the US says.

AAP

PM calls for unity and calm in Trump shooting aftermath

Anthony Albanese is calling for political tensions and talk to cool and an end to violence in the wake of a suspected assassination attempt on Donald Trump.

AAP

PM says protests at electorate offices have ‘crossed the line’ – as it happened

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The Guardian - AU

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

AAP

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

AAP

PM pledges prosperity through powering up manufacturing

A multibillion-dollar push to increase manufacturing in renewables and critical minerals will set Australia up for decades to come, Anthony Albanese says.

AAP

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The Guardian - AU

Sam Mostyn sworn in as governor general – as it happened

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The Guardian - AU

Fatima Payman indefinitely suspended from Labor caucus – as it happened

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AAP

Tax cuts to help households 'catch up' to rate rises

After a long wait and much political tussling, the stage three tax cuts are finally about to come into effect - and not a moment too soon.

The Conversation

ANZ’s $4.9 billion Suncorp takeover will now go ahead. Is the government sending mixed messages on business competition?

Two years after the deal was first announced, Treasurer Jim Chalmers has today given the green light for ANZ to acquire the banking arm of Queensland-based insurer Suncorp.

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The Guardian - AU

Budget surplus running at $18bn so far this year, Australian government data shows

May budget had previously predicted surplus of $9.3bn in 2023-24 but there has been earlier than anticipated payment of corporate taxes

AAP

Greenlight for ANZ's takeover of Suncorp's banking arm

ANZ's multibillion-dollar deal to buy Suncorp's banking arm is full steam ahead after federal Treasurer Jim Chalmers approved the plan.

AAP

Second budget surplus in reach as inflation runs hot

Another forecast budget surplus would help in the fight against rising prices, says the government amid pressure over the latest hot inflation readout.

AAP

Any power cost reductions must flow to households: ACCC

Aussies are using less power and producing more rooftop solar to cope with energy costs, the consumer watchdog finds, urging retailers to share cost reductions.

The Guardian - AU

Supermarkets could face billions in fines for grocery code breaches as Labor commits to reforms

Government to adopt recommendations of conduct review in full amid consumer and supplier complaints about soaring profits

The Guardian - AU

Families set to pocket more than $60 a week from stage-three tax cuts

Treasury analysis shows ‘mums and dads’ will be among the biggest beneficiaries when 1 July cuts kick in, Jim Chalmers says

AAP

Tax cuts to see families pocket an extra $60 a week

The latest tax cuts will see families with children pocket more than $60 a week on average, Treasury analysis shows.

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