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The Latest Breaking News from Jim Chalmers

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

The Guardian - AU

Treasurer, opposition trade blows on economy

Australia's major parties are going tit-for-tat on economic credibility, with Treasurer Jim Chalmers suggesting the opposition misrepresented tax data.

AAP

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Grim end to year predicted for Labor with high chance of at least two more interest rate rises

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

The Guardian - AU

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Today’s figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter.

The Conversation

If you're 65 or over and want to work, you're far better off in New Zealand than Australia

Want to keep working after you’ve reached pension age?

The Conversation

If Ya Thought Petrol Was Heaps Spenny Already, Brace Yrself Bc It’s About To Get A Lot Worse

I'd say "time to get the train" but public transport fares are fkd too.

Pedestrian.tv

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Former governor general and Labor party leader Bill Hayden dies aged 90

Prime Minister Anthony Albanese confirmed his death on Saturday

The Guardian - AU

Teal MPs call for national road-user charges after high court shuts down Victoria’s EV tax

‘We need … to maintain our roads in a way that’s fair, and aimed at helping, not hindering, electrification of transport’, says Monique Ryan

The Guardian - AU

Crackdown on multinational tax loopholes inches closer

The Albanese government is making progress on its plan to tighten taxation settings for multinationals to ensure they pay their fair share of tax.

AAP

Better protection for Australians' online crypto assets

Treasurer Jim Chalmers has unveiled a proposal for legislation to better protect Australians using digital currencies.

AAP

Indigenous campaigners accuse government of ‘flippant’ response to no vote ahead of ‘week of silence’

Request for Australians to reflect on ‘the role of racism and prejudice’ in the referendum result

The Guardian - AU

Digital wallets crackdown coming under new regulations

The federal government says it's modernising payment systems in Australia by pushing to regulated mobile payments such as Google Pay and Apple Pay.

AAP

Albanese must employ some Hawke urgency

WORKING FUTURE: White paper on jobs lacks energy and commitment to change

Newcastle Herald

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AAP

Sexism and harassment rife at crucial economic agency

An independent review into the Productivity Commission has uncovered sexism, harassment and bullying, prompting a range of workplace reforms.

The Guardian - AU

Morning Mail: new tax cuts push, World Cup to span three continents, crypto empire ‘built on lies’

Thinktank suggests four ways the treasurer could reform stage-three cuts as Fifa reveals the (many) hosts of the 2030 tournament

The Conversation

Please, don't bring back the Commonwealth Employment Service

There’s talk of bringing back Australia’s Commonwealth Employment Service.

The Guardian - AU

Stage-three tax cuts: overhaul could save budget $130bn and deliver bigger savings to most workers

Australia Institute says its plan would let government lift jobseeker payment while still improving budget bottom line

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The Conversation

Australia's emissions must decline more steeply to reach climate commitment: OECD

Australia’s emissions need to decline “on a much steeper trajectory” if it is to meet its declared commitment of a 43% reduction by 2030 and net zero by 2050, the Organisation of Economic Co-operation and Development says.

AAP

Labor unveils super tax tweaks on big balances

Tax office data shows super balances of $100 million-plus increasing more than 50 per cent in one year as Labor prepares to crack down on tax breaks.

The Conversation

Too hard basket: why climate change is defeating our political system

This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers on jobs and work

Treasurer Jim Chalmers released his White Paper on employment this week.

The Conversation

Grattan on Friday: In the second half of this term Albanese will need to concentrate on delivery

Labor’s national landscape is changing. Daniel Andrews’ abrupt exit from the Victorian premiership this week is the latest development in a wider picture.

The Guardian - AU

Drought funding should focus on programs with ‘lasting public benefit’, review finds

The $5bn Future Drought Fund has underspent its $100m annual budget every year since it was established in 2019

The Conversation

The Albanese government blew its shot at setting a historic new unemployment target

Treasurer Jim Chalmers says the federal government’s employment white paper is “ambitious”. I’m not convinced.

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