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The Latest Breaking News from Jim Chalmers

Albanese government plan to raise tax on super balances over $3m all but abandoned

Exclusive: Amid a chaotic end to the parliamentary session, Labor fears a repeat of franking credit policy fiasco that helped cost the 2019 election

The Guardian - AU

Christmas rate cut hopes slayed as inflation holds firm

Energy rebates have lowered Australia's headline inflation rate, but the Reserve Bank remains focused on underlying price pressures.

AAP

'Surprise' budget windfalls drying up, economists warn

Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.

AAP

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Deloitte predicts December budget update will show bottom line has worsened since May, in fiscal ‘thud’

Next month’s update of the federal budget will forecast a bigger deficit for 2024-25 than was predicted in the May budget, according to the Deloitte Access Economics’ Budget Monitor, released on Tuesday.

The Conversation

'All about jobs': minister spruiks net zero tax breaks

The Labor government is playing hardball on its production tax incentives, arguing opposing the policy will cost jobs and Australia's global competitiveness.

AAP

Australian Government Rejects Elon Musk's Internet Control Allegation

Australian government dismisses Elon Musk's claims of internet control, focusing on child protection legislation and regulatory efforts to safeguard online...

Top News

Australia rejects Elon Musk's claim that it plans to control access to the internet

An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media

The Independent UK

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Grattan on Friday: Marles plays a defensive bat on nuclear as the government rushes to get through late work

Richard Marles is an ambitious man who hasn’t given up the dream of one day reaching the top job. But, despite being deputy prime minister, his profile is much lower than that of Treasurer Jim Chalmers, the candidate considered most likely to succeed Anthony Albanese as Labor’s leader.

The Conversation

New ‘best practice’ principles for superannuation products are coming. We asked a panel of experts what should be included

We all know how important it is to save enough money for retirement – but what about spending it wisely when we get there?

The Conversation

Budget update will revise down company tax receipts but treasurer Chalmers welcomes economy’s ‘soft landing’

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.

The Conversation

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

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The Guardian - AU

Changes to super to bolster transparency and quality

Retirees hoping to use their savings will be offered improved transparency and information as the government introduces changes to superannuation.

AAP

'A sliver': don't expect oversized budget windfalls

Falling iron ore prices and a weaker labour market will weigh on this year's revenue upgrades, the federal treasurer says.

AAP

Chalmers targets reforms to superannuation products and transparency in the retirement phase

Treasurer Jim Chalmers will announce on Wednesday a package of reforms to the retirement phase of the superannuation system, to make it easier to navigate and consumer friendly.

The Conversation

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The Canberra Times

Businesses wary of new cash mandate

Theft and human error led one Canberra cafe to stop accepting cash.

AAP

Pacific expresses interest in Cook Islands' super deal

A deal will allow Cook Islanders permanently migrating home from Australia to take their nest egg with them, plugging a gap in a pact with New Zealand.

The Guardian - AU

Backflip on international student caps ‘baffling’, MP says – as it happened

This blog is now closed

The Guardian - AU

Australian businesses selling essential goods and services to be forced to accept cash payments

Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

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The Conversation

Businesses will have to accept cash for essentials under government plan

The Albanese government, anxious to prevent a dash from cash by businesses, says it will mandate that they must accept it for essential items.

The Conversation

Jim Chalmers has provided an extra $900 million to boost productivity. But this ‘high priority’ problem is going to need an across the board effort

Productivity is the greatest structural problem in our economy, according to Treasurer Jim Chalmers. He says there is “no higher priority for reform”.

AAP

'Gone backwards': Hopes fund can revive home-building

A $900 million fund has been welcomed by economists hopeful it will modernise the construction industry where productivity has been flat for three decades.

The Guardian - AU

Australians’ wages increase faster than inflation for fourth quarter running

ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressures

The Conversation

Jim Chalmers to announce $900 million fund for states to boost competition and productivity

Treasurer Jim Chalmers will announce a fund of up to $900 million for states and territories to improve productivity and competition, in a Wednesday speech urging an all-out effort to tackle one of Australia’s biggest structural economic issues.

The Guardian - AU

Morning Mail: Chalmers warns of Trump effect on economy, Ukraine drones target Moscow, EV sales falter

Treasurer cautions that Republican leader’s second term will affect the Australian economy

AAP

Australian economy prepared for Trump: Chalmers

Treasurer Jim Chalmers believes Australia is well placed to deal with global financial shocks despite the looming threat of US tariffs.

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