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The Latest Breaking News from Steven Kennedy

Criticism of Treasury head for lunch costings 'rubbish'

The Treasury secretary has no case to answer for costing an opposition policy, his predecessor says, amid accusations of politicisation.

AAP

Supply the key to fixing housing, not taxes: Treasury

The focus of the government should be on increasing housing supply rather than cutting tax concessions for property investors, the Treasury chief says.

AAP

February rate cut hopes hinge on jobs market softening

The economic outlook has been downgraded as the big four banks' predictions of a February interest rate cut narrows.

AAP

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Treasury secretary to stay on for five more years

The Treasury's top official Steven Kennedy will remain as secretary until 2029 after being appointed for a second term in the role.

AAP

Spare us the talk about a wages explosion. There’s nothing wrong with lifting Australia’s lowest wages in line with inflation

What is it with the Coalition and wages?

The Conversation

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

AAP

Don’t expect a ‘big cash splash’ in this year’s budget, Jim Chalmers tells taxpayers

Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeated

The Guardian - AU

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Treasury eyes 'rare' full employment opportunity

No evidence of a wage price spiral suggests the jobless rate can stay lower than previously thought sustainable, says the top Treasury official.

AAP

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Guardian - AU

Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

From Canberra insiders to an outsider described as ‘borderline brilliant’, here are the runners and riders for the Reserve Bank’s top job

The Guardian - AU

Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

‘I don’t know’: Finance Minister’s honest admission about PwC tax scandal

The government cannot directly say if it can stop doing business with PwC, a firm whose ex-CEO allegedly leaked Australian tax secrets.

The New Daily

Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears

Senator Barbara Pocock has requested PwC release the names of partners understood to be involved, saying she is ‘confident they will reach the public’

The Guardian - AU

Treasury not worried about existing PwC contracts

The head of Treasury says there is "no cause for concern" over government contracts with disgraced firm PwC, despite calls for a ban.

The New Daily

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ABC News

'Clearly disturbing': Treasury referred PwC to police after emails exposed by Senate

Treasury boss Steven Kennedy says he was able to refer PwC to police for investigation thanks to a push by senators to expose the depth of the firm's tax leak scandal.

The New Daily

Treasury boss coy on future direction of PwC action

The head of Treasury has told a Senate estimates hearing he cannot comment in detail on action being taken against PwC because it may impact on a police probe.

Reuters

Australia refers PwC tax document leak scandal to police

The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday.

The Conversation

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

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The Guardian - AU

Angus Taylor signals Coalition may reject Labor changes to petroleum resource rent tax

Move may mean government must deal with Greens to pass PRRT reforms as shadow treasurer warns against gas industry’s ‘death by a thousand cuts’

The Guardian - AU

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

AAP

New off-budget funds won't fuel inflation: Treasury

The Treasury secretary has defended Labor's housing and infrastructure funds and says they won't necessarily fuel the short-term inflation problem.

The Conversation

To start cutting gas and electricity prices, here's what the government looks likely to deliver by Christmas

Treasurer Jim Chalmers says he’ll have a system in place to deal with rising energy prices by Christmas.

The Guardian - AU

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

The New Daily

Treasury calls for action on sky-high prices, as blowback comes from gas companies

Gas exporters have signalled their intent to make sure any government regulation on gas prices is watered down.

AAP

Treasury backs energy market intervention

A senior bureaucrat says there's a strong case for intervening in the energy market as the war in Ukraine has caused prices to reach unprecedented highs.

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