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The Latest Breaking News from Jim Chalmers

Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

Pedestrian.tv

Grattan on Friday: Master communicator vs master tactician, the race between Chalmers and Burke

It was a classic “old bull” versus “young bull” struggle, and the old bull showed he had life in him yet.

The Conversation

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

The Guardian - AU

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The government’s super retreat fixes some design flaws, but creates a new distortion

After months of vociferous pushback from the superannuation industry and wealthy investors, Treasurer Jim Chalmers has softened his proposed super tax reforms. The move is a pragmatic political compromise – but it also raises questions about policy consistency and long-term fairness.

The Conversation

Ley calls for parliament to investigate Thorpe over ‘incendiary behaviour’ at protest – as it happened

This blog is now closed

The Guardian - AU

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

AAP

Labor’s watered-down super tax plan creates a fairer system – but it’s far from as fair as it should be

Jim Chalmers says revised superannuation tax reforms still raise a ‘substantial’ amount of money, but it will be much less than before

The Guardian - AU

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Afternoon Update: Labor’s super tax walkback; a climate tipping point; and a surprise conversion to birdwatching

Government now plans to scrap tax plan’s application to unrealised gains and delay start date of changes to July 2026

The Guardian - AU

Jim Chalmers unveils major retreat on controversial superannuation changes

The Albanese government has finally announced a major retreat on its proposed controversial superannuation changes.

The Conversation

'Victory for common sense': Labor backdown on super tax

A plan to increase tax on large super balances has been overhauled, with Labor saying they took feedback on its original plan seriously.

AAP

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

AAP

Six-week-old Priya set to impact 'countless lives'

It will soon be illegal for employers to cancel paid parental leave after a stillbirth or early infant death.

AAP

The controversial GST deal with the states is under review. There are better alternatives

Treasurer Jim Chalmers last week announced the Productivity Commission will review the 2018 deal that gave states a guaranteed minimum share of the goods and services tax (GST).

The Conversation

Spending rebound staggers as Aussies kick booze, smokes

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

AAP

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The Independent UK

Australian prime minister urges China to resume iron ore imports after reported trade disruption

Australia's Prime Minister Anthony Albanese has urged China to import Australian iron ore without hindrance

AAP

BHP cops $5b value hit on talk of China trade blockade

Reports China is halting iron ore shipments from BHP have weighed on the world's biggest miner, but experts say any stoush over prices should be short-lived.

The Guardian - AU

Jim Chalmers’ budget victory lap outpaces reality as Australia’s debt continues to climb

The treasurer celebrated an outcome that could have been worse, but a structural challenge remains as workers are left with the burden of repair

The Guardian - AU

Anika Wells to meet Singtel’s boss as Optus experiences second triple-zero outage in less than two weeks

Optus says it confirmed the welfare of all callers who called triple zero after an issue affected Illawarra region in NSW

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AAP

No room for republic in Labor's 'huge agenda'

A push for an Australian republic isn't high on the government's agenda, even though Labor Party policy calls for the reform.

AAP

Australia's luck running out despite budget bright spot

Australia's budget deficit for last financial year ended up being narrower than expected but younger workers will still be on the hook for a decade of red ink.

The Guardian - AU

Nobody wanted to say ‘mission accomplished’ on inflation – certainly not Jim Chalmers. But he was surely thinking it

Economists are revising their rate cut predictions after the latest ABS figures revealed inflation is trending back up

AAP

West versus rest as fresh stoush brews over GST spoils

A review of a contentious carve-up has reignited debate over the fairness of one state getting more GST revenue under a special deal with a previous government.

AAP

Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

AAP

Head of corporate regulator to step back from role

ASIC chair Joe Longo has announced he won't look to be reappointed in the position when his term runs out in May.

The Conversation

Government announces 2035 target of 62–70% emissions reduction

The Albanese government has announced Australia will commit to cutting emissions by between 62% and 70% on 2005 levels by 2035.

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