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The Latest Breaking News from Jim Chalmers

Treasurer to take fresh look at Future Fund

Australia's sovereign wealth fund could be in for a shake-up, including new personnel, as the Labor government continues its renewal of institutions.

AAP

Crackdown on dodgy tax advisors after PwC scandal

Treasurer Jim Chalmers has released draft legislation aimed at cracking down on dodgy tax advisors and giving the regulator more powers to hunt down renegades.

AAP

Labor driving towards secure future with jobs roadmap

Treasurer Jim Chalmers is set to release the Employment White Paper setting out policies to put secure jobs in reach of more Australians.

AAP

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Stiffer penalties and increased ATO powers spearhead Labor’s tax overhaul

Treasurer Jim Chalmers to take aim at ‘blatant misconduct in our tax advice industry’ after PwC scandal

The Guardian - AU

Positive outlook for local and export gas supplies for early 2024: ACCC

The outlooks for both local and export supplies of gas are positive for the early months of next year, according to the Australian Competition and Consumer Commission inquiry’s September report.

The Conversation

OECD inflation outlook suggests further Australian interest rate rises possible

Intergovernmental economic organisation warns core inflation across the world remains ‘persistent’ and may require policy action from Reserve Bank

The Guardian - AU

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

AAP

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Aussies falling off fixed mortgage to higher rate peaks

About a million Australian mortgage holders have come off low fixed interest rates to a higher variable one since they started increasing.

AAP

Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

The Guardian - AU

Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Conversation

Danielle Wood to become first woman to head Productivity Commission

Labor appoints well-known Grattan Institute chief after senior Victorian treasury official Chris Barrett pulls out of recruitment process

The Guardian - AU

Question time chaos – as it happened

This blog is now closed.

The Guardian - AU

Grattan on Friday: It can be a battle to get information from the Albanese government

Thank goodness for Senate committees. This week, they’ve proved, yet again, to be worth their weight in accountability gold.

The Conversation

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Newcastle Herald

How the intergenerational report can help the Hunter get its economic house in order

We need to act now to ensure that the Lower Hunter economy beyond 2050 is diverse and prosperous.

The Guardian - AU

Labor is nibbling at tax reform but revamping stage three cuts is too big to swallow

The intergenerational report shows cuts will be needed in the medium to long term to prevent workers paying an ever-growing share of the total take

The Guardian - AU

Labor running ‘protection racket’ for Qantas by blocking extra Qatar airways flights, opposition claims

Peter Dutton tells Today show the price of flights is ‘astronomical’ and competition with Qantas would bring downward pressure on prices

The Conversation

Grattan on Friday: the Albanese government has questions to answer on competition

The Albanese government this week announced a review of competition policy. At the same time, it is not able to convincingly explain its decision to refuse Qatar Airways’ bid to expand its flights to Australia.

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The Guardian - AU

Australia’s growth to slow as workforce participation falls over coming decades

Treasurer Jim Chalmers says the government remains optimistic about the future despite big challenges detailed in latest intergenerational report

The Conversation

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

The Guardian - AU

Treasurer releases intergenerational report – as it happened

This blog is now closed.

The Guardian - AU

If you are really worried about the next generation, the only thing that matters is climate change

The only thing the current generation absolutely needs to do for the next generation is stop burning fossil fuels as quickly as possible

The Guardian - AU

Massive economic pain for Australia if temperature rises exceed 2C, intergenerational report predicts

Report says hundreds of billions of dollars and millions of work hours in productivity are at risk due to hotter conditions

The Guardian - AU

Cost-of-living crisis: Albanese government launches taskforce to review competition in bid to ease pressures

Panel’s appointment comes as Woolworths reports rise in net annual earnings to $1.6bn, a day after Coles posts $1.1bn profit

The Guardian - AU

Australia to spend less on age pension despite doubling of retirees, intergenerational report shows

Australia on track for pension payments to shrink from 2.3% of GDP to 2% by 2062-63 as superannuation balances balloon

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