The Latest Breaking News from Jim Chalmers

After months of vociferous pushback from the superannuation industry and wealthy investors, Treasurer Jim Chalmers has softened his proposed super tax reforms. The move is a pragmatic political compromise – but it also raises questions about policy consistency and long-term fairness.

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An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

Jim Chalmers says revised superannuation tax reforms still raise a ‘substantial’ amount of money, but it will be much less than before

Government now plans to scrap tax plan’s application to unrealised gains and delay start date of changes to July 2026

The Albanese government has finally announced a major retreat on its proposed controversial superannuation changes.

A plan to increase tax on large super balances has been overhauled, with Labor saying they took feedback on its original plan seriously.

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

It will soon be illegal for employers to cancel paid parental leave after a stillbirth or early infant death.

Treasurer Jim Chalmers last week announced the Productivity Commission will review the 2018 deal that gave states a guaranteed minimum share of the goods and services tax (GST).

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.