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The Latest Breaking News from Jim Chalmers

RBA flags end of big-hit cash rate rises

The Reserve Bank of Australia board has lifted rates again, with economists expecting more moderate rate hikes to follow.

AAP

Competition watchdog ordered to monitor fuel retailers ahead of return to full fuel excise

As the end of a temporary halving of Australia's fuel excise draws near, the ACCC is ordered to watch for fuel retailers seeking to take advantage of the hike.

ABC News

Industrial relations reform and climate policy to dominate debate as federal parliament returns for latest sitting

The government hopes to introduce industrial relations reform before the end of the year as debate looks set to dominate parliament in its latest sitting.

ABC News

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Petrol price rises to further hit budgets

Regulators will watch for abnormal price hikes as motorists prepare to pay an extra 25c per litre for fuel when the excise returns to full later this month.

AAP

Consumer watchdog will crack down on petrol price gouging when tax cut ends, Labor says

Federal government also confirms pension and jobseeker will rise 4% in line with consumer price index, as parliament returns

The Guardian - AU

Welfare recipients set to receive largest indexation increase in three decades amid soaring cost of living

The government says it's the largest indexation increase to payments in more than 30 years for allowances, and 12 years for pensions.

ABC News

Former Reserve Bank economist suggests Greens push for interest rate freeze is nonsensical

Greens senator Nick McKim says homeowners took on massive debt believing rates wouldn’t rise before 2024 and are now getting ‘smashed’

The Guardian - AU

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Common ground and concrete steps: five takeaways from Labor’s jobs and skills summit

Changes to migration numbers, pension rules and bargaining are among the headline agreements but many are just as enthused by the spirit of collaboration

The Guardian - AU

Albanese claims he can’t stop them, but the stage three tax cuts threaten his political legacy

The cuts benefit the wealthy over the strugglers, ploughing fertile ground for conspiracy theorists to accuse MPs of looking after themselves

The Guardian - AU

Pensioners to benefit from jobs summit

Industry Minister Ed Husic hopes the cooperative spirit between unions and businesses at the summit will endure as he welcomes changes to the pension system.

AAP

Pension rules relaxed for senior workers

The jobs and skills summit has settled on 36 "concrete" steps including a measure to allow pensioners to work extra hours without losing their payments.

AAP

Labor rules out mining tax despite Ross Garnaut warning of ‘deep wounds’ from energy prices

Economist tells Jobs and Skills Summit ‘we are kidding ourselves’ if Australia focuses on wage rises rather than mineral rent tax

The Guardian - AU

As it happened: Jobs and Skills Summit Day 2

Women's participation in the workforce is a key theme of the summit.

The Canberra Times

Labor to relax work tests for pensioners following jobs and skills summit – as it happened

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The Guardian - AU

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The Conversation

Grattan on Friday: Should Anthony Albanese keep his word on the Stage 3 tax cuts?

The final, mega stage of the Coalition’s tax cuts, worth more than $240 billion over a decade, is now in the gun sights of many critics, who are calling for Anthony Albanese to dump his promise to deliver it.

The Guardian - AU

As Labor’s jobs and skills summit kicks off, it’s all about having a seat at the table

In parliament’s great hall unionists, civil society and business give a little of their time, maybe endure a little boredom, in a bid to influence policy

Reuters

Wage growth, immigration in focus at Australian jobs summit

Wage growth and skilled migration are set to dominate the Australian government's jobs summit as Prime Minister Anthony Albanese urged compromises between employers and unions to tackle the country's key economic challenges.

The Canberra Times

As it happened: Jobs and Skills Summit, day one

Women's participation in the workforce is a key theme of the summit.

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The Guardian - AU

The stage three tax cuts are a pile of garbage, and everybody knows it

Anthony Albanese could learn a thing or two from Bob Hawke, who walked back tax cuts promised ahead of the 1983 election

The New Daily

Isolation period cut, with calls for Albanese to further ease COVID-19 rules

National cabinet will cut the COVID-19 isolation period from seven to five days as Prime Minister Anthony Albanese faces calls to ease more restrictions.

The Guardian - AU

Australian Covid isolation period cut to five days for people without symptoms

Changes apply from 9 September with Anthony Albanese confirming reduced pandemic leave payments will continue for those in self-quarantine

The New Daily

National cabinet reduces COVID isolation from seven days to five

Isolation for asymptomatic COVID-19 patients will be reduced from seven days to five among a series of decisions made by national cabinet on Wednesday.

AAP

Australia pays tribute to Gorbachev

Australian political leaders have paid tribute to former Soviet president Mikhail Gorbachev who has died aged 91.

The New Daily

MPs lean on Anthony Albanese, but dumping of tax cuts quashed

Senior Labor sources last night quashed speculation that the government was giving itself room to dump the controversial stage three tax cuts.

The Conversation

Treasurer Chalmers on boosting migration and a 'resilience' budget

For Treasurer Jim Chalmers, this week’s jobs and skills summit is the prelude to what will be his main game, the October budget.

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