The Latest Breaking News from Jim Chalmers

Western Australia will be home to Australia's nuclear powered submarines from the early 2030s, as part of an $8 billion expansion of Perth's naval base.

The distribution of GST among states is an "affront to decency" and must be rectified by the federal government, Victorian Treasurer Tim Pallas says.

The Coalition sought to embarrass Stephen Jones as it tried to construct a broader narrative about broken promises

Treasurer Jim Chalmers sparked a political row when he announced a tax hike on superannuation concessions for accounts with balances over $3 million, from 15% to 30%, to begin in 2025. Polling indicates the move has broad support from the public, although any change to super is always controversial. Opposition…

Opposition Leader Peter Dutton has called on the government to exercise spending restraint rather than lift taxes to help the central bank control inflation.

Federal Treasurer Jim Chalmers has attracted controversy by proposing to update 30-year-old superannuation laws with a definition of the purpose of superannuation as being to fund a dignified retirement. There is a clear lesson here for other reforms to make policy objectives clear, even when they seem obvious. One important…

The government acknowledges a growing number of people making financial distress calls to crisis support hotlines, as the Reserve Bank governor says the mental health concerns of Australians weighs heavily on him.

The latest rise in the official cash rate will make things even more difficult for families with mortgages, the treasurer has warned.

Government must produce forecasts under safeguard mechanism as treasurer adds pressure to stalled cross-party talks on limits to new gas and coal projects