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The Latest Breaking News from Jim Chalmers

'Too permissive' merger rules eyed for reform

The federal government is taking a look at merger rules to ensure they are not weighing on competition and allowing firms to charge higher prices.

AAP

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

AAP

Grattan on Friday: When Labor states don't dance to the Albanese government's tune

It’s helpful for the Albanese government to have all mainland states in Labor hands – but only up to a point.

The Conversation

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Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The Independent UK

Scrap stage-three tax cuts to fight inflation rather than cut infrastructure funding, Queensland says

Deputy premier Steven Miles says it’s ‘too late’ to cancel projects and any effect on demand is likely to be years away

The Guardian - AU

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

AAP

Labor accused of ‘dragging feet’ on reinstating program that monitors airlines for potential price-gouging

Opposition says there’s ‘no excuse’ for further delays on the government reviving the ACCC flight monitoring regime

The Guardian - AU

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Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition

Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.

The Conversation

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

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

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Pedestrian.tv

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.

The Guardian - AU

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

AAP

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.

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AAP

Better protection for Australians' online crypto assets

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

The Guardian - AU

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

AAP

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.

Newcastle Herald

Albanese must employ some Hawke urgency

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

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.

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