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The Latest Breaking News from Jim Chalmers

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The Conversation

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

AAP

Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.

The Conversation

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View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights

Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by the prime minister in an address there last week.

The Conversation

Treasurer throws down gauntlet for 'crucial' tax reform

The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.

AAP

Jim Chalmers faces ‘captain’s call’ over Abu Dhabi bid for Australian oil and gas giant Santos

Board expresses support for offer but deal depends on regulatory approvals and treasurer’s tick-off

The Guardian - AU

Trump meeting cancellation 'always a chance': treasurer

Australia's treasurer says it was reasonable Donald Trump left early from the G7 due to events in the Middle East, scuppering a meeting with Anthony Albanese.

AAP

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'You worry': fears in Iranian community after bombing

Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.

AAP

Transparency boost: Reserve Bank homes in on key change

The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.

AAP

Workers need better tools and tech to boost productivity. Why aren’t companies stepping up to invest?

As Prime Minister Anthony Albanese and Treasurer Jim Chalmers turn their attention to improving productivity growth across the economy, it will be interesting to see what the business community brings to a planned summit in August.

The Conversation

Grattan on Friday: the galahs are chattering about ‘productivity’, but can Labor really get it moving?

Former prime minister Paul Keating famously used to say the resident galah in any pet shop was talking about micro-economic policy. These days, if you encounter a pet shop with a galah, she’ll be chattering about productivity.

The Conversation

‘Hard to measure and difficult to shift’: the government’s big productivity challenge

Higher productivity has quickly emerged as an economic reform priority for Labor’s second term.

The Conversation

Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

The Conversation

Greens strike conciliatory tone on super tax changes

The Greens have pointed to the mandate won by Labor at the federal election in their willingness to have good-faith discussions about proposed changes to super.

AAP

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AAP

Opposition rules out deal on superannuation tax change

The coalition has signed off on opposing the government's proposal to increase taxes on super balances above $3 million, labelling it unfair.

The Guardian - AU

Day of high drama in Tasmanian politics – as it happened

This blog is now closed

AAP

Productivity pickle a top priority for upbeat treasurer

Falling interest rates and Australia's competitive advantages are reasons for optimism, says the treasurer as he sets his sights on improving productivity.

The Guardian - AU

Chalmers says cheaper cigarettes will not solve illegal tobacco boom, dismissing NSW premier

Minns to propose cut at next health ministers’ meeting, joining Victorian government in blaming high excise for organised crime spike

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AAP

Tobacco tax to stay despite black market fears

The federal government won't cut its sky-high tobacco tax despite one state premier arguing it has created the perfect conditions for a thriving black market.

AAP

Australia seeks 'best deal' after UK tariff carve-out

Donald Trump's decision to grant the UK a tariff exemption offers some hope for Australia as the prime minister prepares for talks with the US president.

AAP

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

RBA hints at more interest rate cuts if tariffs worsen

Uncertainty in global markets from Donald Trump's tariffs could lead to the Reserve Bank being more aggressive with interest rate cuts.

Pedestrian.tv

P.TV Explains: What Gen Z Needs To Know About The Tax On $3 Million+ Super Accounts

A new tax on super accounts above $3 million has been making headlines, with some (mostly Australia’s ultra wealthy) absolutely raging about it.

AAP

Fears super tax rise for rich will whack housing market

Slapping taxes on high superannuation balances may be well intended, but the federal government's plan could harbour some pitfalls.

The Conversation

Politics with Michelle Grattan: Jim Chalmers on keeping Australia out of recession amid the ‘dark shadow’ of global instability

This week, the Reserve Bank delivered welcome news for mortgage holders, with another 25 basis points rate cut.

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