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The Latest Breaking News from Jim Chalmers

Grattan on Friday: economic life won’t get much better until Australians climb that productivity mountain

Treasurer Jim Chalmers would have sighed with relief at this week’s economic growth figures. Despite some preview talk of possible stagnation, we saw modest growth of 2.1% in the year to the end of June.

The Conversation · Sep 3

Workaround for trusts to avoid restructuring stamp duty

Businesses will be able to avoid restructuring and paying costly stamp duties in response to a new tax on discretionary trusts, Treasurer Jim Chalmers says.

AAP · Sep 3

Home loan applications down by 15% since budget, CBA says – as it happened

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The Guardian - AU · Sep 2

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Afternoon Update: Global heating forecast to hit at least 1.8C; DNA tests to help identify Nepal flood victims; and shark drones

UN report warns every fraction of temperature rise intensifies destructive extreme weather and ecosystem loss

The Guardian - AU · Sep 2

Blanket bans on AI could cause 'data centre panic'

Business peak bodies have cautioned against uniform rules for how data centres are powered, warning it could stifle investment in the technology.

AAP · Sep 2

Treasury tips AI as key driver of productivity growth

Advice given to the federal treasurer suggests the real impact of artificial intelligence is too hard to predict but will be largely positive for Australia.

AAP · Sep 1

AI is set to boost productivity and will have a ‘profound’ impact on the jobs market: Treasury

Artificial intelligence (AI) should help Australia achieve its long term productivity target, while having “profound” effects on the labour market.

The Conversation · Aug 31

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Labor wrestles with migration figures but opponents struggle to find the target

By focusing on the net overseas migration number, Labor risks making a ‘silly mistake’ experts say

The Guardian - AU · Aug 28

Federal debt ticks over $1 trillion for the first time

Despite the Commonwealth debt hitting a record high, the treasurer says coalition "hyperventilating" ignores the fact it would have been higher under them.

AAP · Aug 20

Labor thinks it can win elections defending super. For Hanson, it’s just another way to deprive Taylor of political oxygen

Despite leading in the polls, Hanson is allowed to offer thought bubbles instead of actual policy

The Guardian - AU · Aug 19

Widow tax loophole fixed in parliament after NDIS deal

Late-stage changes to the so-called widow's tax will become law following a deal struck between Labor and the coalition.

AAP · Aug 19

Debt to hit new high but nation's budget outlook steady

Federal tax changes threaten states and territories' budget bottom lines, but Australia's fiscal outlook remains steady, a new report says.

AAP · Aug 19

Defence joins search for missing bushwalker – as it happened

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The Guardian - AU · Aug 18

Sweeping NDIS changes get the green light

Multiple changes were added at the last minute to contentious NDIS reforms after a deal between the major parties to rein in costs of the scheme.

AAP · Aug 18

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AAP · Aug 18

Retirement savings to be 'decimated' under early access

The treasurer has cautioned against a push for Australians to dip into their super early to deal with cost-of-living pressures.

AAP · Aug 18

Hanson's tobacco tax cut backed as black market thrives

One Nation is pledging to slash the tobacco excise by 75 per cent, which an expert predicts could spark a crackdown on the illicit cigarette trade.

The Guardian - AU · Aug 14

Heart, smarts and pragmatism: why health minister Mark Butler is suddenly a contender as a future PM

Cabinet colleagues say the veteran politician’s carriage of the NDIS firestorm shows his political judgement and collaborative style

AAP · Aug 14

The next person chosen to help decide mortgage rates

Melinda Cilento, head of economic think tank CEDA, will become the newest member of the nine-person board responsible for setting interest rates in Australia.

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The Guardian - AU · Aug 11

RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed

In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year

AAP · Aug 6

Tax changes get tick of approval from ratings agency

Tax hikes on property investors will help keep budget pressures under control, ratings agency S&P Global says in a check-up of Australia's fiscal health.

The Guardian - AU · Aug 5

Nearly 1,500 properties bought using first home buyers’ 5% deposit scheme converted into investments

New data shows the federal government scheme has been used by high-income borrowers, including one couple earning an annual $674,000

AAP · Aug 4

Rival plan to close Labor's 'widow tax' loophole sooner

Australians who inherit an investment property from their partner won't lose their access to negative gearing, draft laws revealed by the treasurer confirm.

AAP · Jul 27

'Too high': RBA rates warning as inflation fears flare

The Reserve Bank governor says interest rates may need to go higher, as Australia's weak productivity problem locks households in for lower living standards.

The Guardian - AU · Jul 27

Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East war

Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerability

The Guardian - AU · Jul 25

Labor women outnumber men in the caucus. Why are they overlooked as Albanese’s potential successor?

Kate Ellis now heads an all-female executive as women hold a majority in the party room for the first time. But when talk turns to leadership, women barely rate

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