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The Latest Breaking News from Jim Chalmers

Businesses wary of new cash mandate

Theft and human error led one Canberra cafe to stop accepting cash.

The Canberra Times

Pacific expresses interest in Cook Islands' super deal

A deal will allow Cook Islanders permanently migrating home from Australia to take their nest egg with them, plugging a gap in a pact with New Zealand.

AAP

Backflip on international student caps ‘baffling’, MP says – as it happened

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The Guardian - AU

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Australian businesses selling essential goods and services to be forced to accept cash payments

Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

The Guardian - AU

Businesses will have to accept cash for essentials under government plan

The Albanese government, anxious to prevent a dash from cash by businesses, says it will mandate that they must accept it for essential items.

The Conversation

Jim Chalmers has provided an extra $900 million to boost productivity. But this ‘high priority’ problem is going to need an across the board effort

Productivity is the greatest structural problem in our economy, according to Treasurer Jim Chalmers. He says there is “no higher priority for reform”.

The Conversation

'Gone backwards': Hopes fund can revive home-building

A $900 million fund has been welcomed by economists hopeful it will modernise the construction industry where productivity has been flat for three decades.

AAP

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Australians’ wages increase faster than inflation for fourth quarter running

ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressures

The Guardian - AU

Jim Chalmers to announce $900 million fund for states to boost competition and productivity

Treasurer Jim Chalmers will announce a fund of up to $900 million for states and territories to improve productivity and competition, in a Wednesday speech urging an all-out effort to tackle one of Australia’s biggest structural economic issues.

The Conversation

Morning Mail: Chalmers warns of Trump effect on economy, Ukraine drones target Moscow, EV sales falter

Treasurer cautions that Republican leader’s second term will affect the Australian economy

The Guardian - AU

Australian economy prepared for Trump: Chalmers

Treasurer Jim Chalmers believes Australia is well placed to deal with global financial shocks despite the looming threat of US tariffs.

AAP

Treasury modelling says indirect impact of Trump’s tariffs likely to be worse than immediate impact for Australia

Donald Trump’s trade and tariff policy would bring a small reduction in Australia’s output and extra price pressures, especially in the short term, according to Treasury modelling.

The Conversation

Australia to navigate choppy US waters under Trump

With US president-elect Donald Trump foreshadowing tariffs and American isolationism, Treasurer Jim Chalmers says Australia will likely need to navigate change.

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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AAP

Mixed response to Labor pledge of student debt relief

The opposition and student union have criticised Labor's pledge to cut student debts by 20 per cent, but universities backed efforts to make the system fairer.

AAP

Australia's inflation down, but not out

There were few surprises in the inflation read-out, with economists broadly of the view underlying price pressures should keep the cash rate on hold until 2025.

AAP

Pandemic cash splash let inflation genie out of bottle

Australia could have suffered much lower inflation after COVID-19 had pandemic support been less wasteful and interest rates moved earlier, a review says.

AAP

Nation's sick state of readiness for pandemics unmasked

Australia's healthcare, economy and public service have been exhausted by COVID-19 and a Centre for Disease Control will be set up to prepare for pandemics.

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The Guardian - AU

Chalmers says it’s ‘problematic’ gambling companies claimed $90m worth of research tax credits in one year

Treasurer indicates Labor may be prepared to stop poker machine and betting companies from accessing tax concessions for R&D

AAP

Parties set sights on federal poll as state turns blue

A change of government in the Sunshine State has left the major parties pondering a different plan of attack for the upcoming federal election.

AAP

Treasurer: Conflict casts dark shadow over the economy

While visiting Washington, DC, for a series of meetings with the G20, IMF and World Bank, the treasurer also sat down with Republican and Democrat advisers.

AAP

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

AAP

'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

AAP

LNP piggybacks federal Labor policy to chew into costs

The Queensland Liberal National Party will borrow a federal Labor plan to drive down debt and increase savings, after finally announcing its economic plan.

AAP

Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

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