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The Latest Breaking News from Jim Chalmers

Short-term wage growth unlikely: Chalmers

Jim Chalmers says wages are unlikely to keep up with rising inflation in the short term, as global factors impact on the economy and federal budget.

AAP

Treasurer reveals incentives for EV buyers

The Albanese government has introduced changes to fringe benefit tax and import tariffs to encourage more people to switch to on electric vehicles.

AAP

IMF outlook for world economy could herald dark clouds for Australia

Analysis: Treasurer Jim Chalmers will no doubt reveal inherited budget bungles but he won’t need to look far for new tales of economic woe

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

APRA boss Wayne Byres to leave bank regulator before term expires

The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from his role at the end of October.

ABC News

Guardian Essential poll: 40% of voters say Labor doing poor job tackling surging cost of living

Half of voters surveyed say they can afford household bills but struggle to find anything extra or report feeling under financial pressure

The Guardian - AU

A flurry of bills, with climate first cab off the rank: what’s on the agenda for the Albanese government?

While the new PM has vowed not to ‘waste a day in government’, budget restraint will be a key theme – and he doesn’t intend to ruffle too many feathers

The Guardian - AU

Michael Pascoe: Reserve Bank review fails at the starting gate

What has been announced is rather like believing a review of the army uniform is overdue, but only reviewing left boots, writes Michael Pascoe.

The New Daily

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Foreign investor crackdown to deliver $455 million windfall – but not without costs

Fees paid by foreign property investors will double under a new federal government plan to help ease Australia’s housing affordability crisis.

The New Daily

Hike to foreign investment fees, penalties

Federal Treasurer Jim Chalmers says the doubling of foreign investment fees will ensure Australians are not slugged with the administrative costs.

AAP

ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

The Conversation

RBA probe seeks transparency reforms

A review in the RBA will seek to look at the board governance and current policy settings.

The Canberra Times

The Reserve Bank will face a major review. Here’s what that means

Australia’s inflation target and why the Reserve Bank has failed to achieve it will be probed in the biggest review of the central bank in decades.

The New Daily

‘Right policy choice’: RBA boss Philip Lowe defends COVID response as inflation anger grows

Reserve Bank governor Philip Lowe has defended his COVID response, saying that pinning interest rates to the floor in 2020 was the “right policy choice”.

The New Daily

Mask mandates ruled out as nation records 90 Covid deaths – as it happened

This blog is now closed

The Guardian - AU

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AAP

Chalmers looks for confidence in RBA

Treasurer Jim Chalmers has flagged changes to the RBA's board with a new review by an independent panel for the first time since the 1980s.

ABC News

Reserve Bank review will scrutinise who sits on the board and whether their views should be more transparent

A Reserve Bank of Australia review is set to examine whether its long-standing inflation target should remain.

The Conversation

International expert to review Reserve Bank as deputy governor says households in 'fairly good position' on rate rises

An international expert on monetary policy, Carolyn Wilkins, is one of a three-member panel that will conduct a broad review of the Reserve Bank, including its objectives and the interaction of monetary and fiscal policy.

The New Daily

Nobel Prize winner’s pitch deals with power companies profiting as prices soar

A Nobel Prize-winning economist is calling for a tax on the windfall profits power companies have generated while consumers are hit with surging prices.

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The Conversation

'Wellbeing'. It's why Labor's first budget will have more rigour than any before it

What if the most important thing in Jim Chalmers’ first budget is the thing his critics are writing off as a gimmick?

ABC News

The Loop: Australia's environment in bad shape, former MPs charged, and a 'universal' COVID vaccine?

Here's your TL;DR for this morning's news.

The New Daily

Paul Bongiorno: Albanese discovers the pitfalls of juggling debt and the pandemic

Being in government is always a seat of the pants enterprise no matter that our political leaders try to convince us otherwise.

The Guardian - AU

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

The Conversation

View from The Hill: Chalmers warns he'll deliver bad news in parliament's first week

The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.

ABC News

Federal Treasurer Jim Chalmers backs 'legend' foreign teacher Asako 'Digi' Ono's bid to stay in Australia

Federal Treasurer Jim Chalmers says he is "working around the clock" to prevent the deportation of foreign teacher Asako 'Digi' Ono working in his south- east Queensland electorate.

ABC News

Federal Treasurer Jim Chalmers warns on budget outlook, New Zealand inflation surge hints at even bigger interest rate rises

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.

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