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The Latest Breaking News from Jim Chalmers

Australia hikes key interest rate to 3.6% to fight inflation

Australia’s central bank has increased its benchmark interest rate by another quarter-point to 3.6% as it continues trying to tame inflation

The Independent UK

RBA fires off another rate hike to tackle inflation

The Reserve Bank of Australia has lifted interest rates for the 10th month in a row in its unwavering fight against high inflation.

AAP

No time for ‘freebies’: Calls for another tax break to be axed

Income tax cuts are back at the centre of debate as key independents say the public won’t tolerate another tax break for the very wealthy.

The New Daily

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Mortgage holders brace for another interest rate blow

The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.

The New Daily

Newspoll shows voters approve of super tax plan

The latest Newspoll shows a majority of voters approve of the government's superannuation tax plan, but Labour and PM down

The New Daily

Angus Taylor says Labor has breached trust with ‘reckless’ superannuation changes

Jim Chalmers has accused shadow treasurer of waging a ‘ridiculous scare campaign’ that doesn’t stand up to the facts

The Guardian - AU

Afternoon Update: Monique Ryan lost confidence in Sally Rugg, court hears; racial tensions in Hawaii; and fruits and veggies to buy in March

Friday’s court hearing contained fresh revelations about the breakdown of Ryan and Rugg’s relationship

The Guardian - AU

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Does Labor plan to use your super as a 'piggy bank' to fund its pet projects?

The Coalition says Labor plans to use your super as a 'piggy bank' to fund its pet projects. What are the facts?

ABC News

Tax breaks cost a reported $250 billion, but handle these new figures with care

Treasurer Jim Chalmers promised a Tax Expenditures Statement by the end of February – and he delivered this week, just in time, on Tuesday February 28.

The Conversation

Grattan on Friday: Trimming the tail of the superannuation tax tiger is no easy task

If you were being really cynical, you might say the government should have hacked into those stage 3 tax cuts, while leaving super alone. That would have received much the same political angst, but saved a heap more revenue.

The Conversation

Superannuation tax changes will not be indexed, says treasurer. Here's what that means

The federal government has proposed changes to super tax concessions. What exactly are they and what will it mean for you?

ABC News

Alan Kohler: The superannuation tax increase is a dress rehearsal

Jim Chalmers has hit upon a clever way to seek an election mandate for superannuation tax increases but book the revenue straight away.

The New Daily

Inflation still the 'defining challenge' as Australia's economic activity slows

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

The Conversation

An attack on middle Australia? Unpacking the claims over Labor’s new super policy

A 30% tax rate will be applied to super above $3m. But you’d need to earn $200,000 for your entire working life to even come close to that sum

The Guardian - AU

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news in one place.

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The Guardian - AU

Afternoon Update: ‘Worst of inflation behind us’; China angry over TikTok bans; and why you should walk 11 minutes a day

Australia’s economy loses steam as interest rates bite

ABC News

The US is considering a nationwide TikTok ban over Chinese spying concerns. Could Australia follow suit?

Multiple governments have already pursued similar bans, citing espionage fears. Could Australia be next?

ABC News

Government urged to use superannuation tax concession changes to expand Paid Parental Leave scheme

Crossbenchers say the treasurer should "absolutely" use some of the cash recouped from proposed super changes to pay superannuation on Commonwealth Paid Parental Leave, arguing it could rectify the current "glaring gap" in support for new parents.

The New Daily

Today show joins super wars with swipe at mega-rich battlers

A TV journo has poured fuel on the debate over super concessions with a brutal takedown in a ritzy Australian suburb.

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The New Daily

Watch: Economic outlook, Accused killer extradited, Cough medicine recall

Watch: Australia's GDP has risen by 0.5 per cent during the December quarter, falling short of predictions. We cross live to Treasurer Jim Chalmers to

The New Daily

Denied Chinese rare earth bid ‘helps mitigate risk’

Treasurer Jim Chalmers has rejected a Chinese investment fund's bid to increase its stake in a rare earth company on national security grounds.

AAP

Denied Chinese rare earth bid 'helps mitigate risk'

Treasurer Jim Chalmers has rejected a Chinese investment fund's bid to increase its stake in a rare earth company on national security grounds.

The Guardian - AU

Albanese rejects changes to capital gains tax on the family home, ‘full stop, exclamation mark’

Prime minister says it’s a bad idea to change the capital gains tax concessions on family homes

The New Daily

Australian government seeks advice on TikTok

Chinese-owned social media app TikTok is facing bans across a number of foreign governments, as Australia seeks advice on security risks.

The New Daily

Coalition vows to repeal super tax changes if elected

Opposition Leader Peter Dutton has vowed to repeal changes to superannuation tax concessions if the Coalition wins the next federal election.

ABC News

Superannuation taxation increase to accounts over $3m not a broken promise, prime minister says

Prime Minister Anthony Albanese says he has not broken an election promise not to make any changes to superannuation, saying the change for the largest super accounts will take effect after the next federal election.

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