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The Latest Breaking News from Jim Chalmers

Gas code promises secure supply at 'reasonable' prices

A code of conduct will be imposed on gas producers to avert future price shocks for consumers but the industry fears it could stymie investment in new supply.

AAP

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The New Daily

Madonna King: Listen up Albo, the Voice coming out of the suburbs is all about the cost of living

The impacts of cost of living on voters should give our economic decision makers pause, and with good reason, writes Madonna King.

The New Daily

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Grattan on Friday: Labor caught in pincer movement of fighting inflation and delivering to its constituency

During the election campaign Anthony Albanese repeated, endlessly, that everything was going up except people’s wages.

The Conversation

Treasurer signs off on cheques with reforms to the way we pay

Jim Chalmers has announced changes are on the way for Australia's payments system, with cheques and direct debits among the most major.

The New Daily

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

The Guardian - AU

Interest rates blame game continues – as it happened

This blog is now closed

The Guardian - AU

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Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The Guardian - AU

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily

Death of the cheque by 2030 as Australia embraces digital payment reforms

Jim Chalmers says phasing out will be ‘gradual, coordinated and inclusive’ as he announces modernisation plan

The Guardian - AU

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The Conversation

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The New Daily

Afternoon Update: Kathleen Folbigg dubbed ‘our Lindy Chamberlain’; Jacinda Ardern becomes a dame; and Barbie film drains world of pink paint

An inquiry heard that Folbigg and her two daughters had rare genetic variation and her son may have died from an underlying disorder

The Guardian - AU

Business groups mount campaign against 'same job, same pay' workplace reforms

Some of Australia's largest employers and small business owners have united to rally against proposed laws that would require labour hire workers doing the same job at the same site to be paid the same as directly employed workers.

ABC News

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The New Daily

Labor’s ‘same job, same pay’ policy is unfair: Business

Groups representing some of Australia's biggest employers are gathering to oppose the next phase of the federal government's industrial relations reforms.

The New Daily

Further federal action against PwC on the cards

The treasurer says the government would consider further action against PwC following a police investigation into the tax advice scandal.

ABC News

What is the PwC tax scandal? Who is Peter-John Collins? Who knew about it? Why does it matter?

Consulting giant PwC is embroiled in a scandal of its own doing, having used confidential government information to benefit its bottom line. Here's how it happened, and what consequences the firm is facing.

The New Daily

Qld Premier Annastacia Palaszczuk steps up state investment in wind and solar

Queensland Premier Annastacia Palaszczuk has unveiled plans to greatly increase publicly owned wind and solar farms

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The New Daily

‘Ropeable’: Treasurer says PwC partners will be named ‘in time’

Treasurer Jim Chalmers says he is "ropeable" about the PwC tax scandal and that the names of those involved will be made public "in time".

ABC News

Treasurer Jim Chalmers says naming of PwC partners placed on leave will happen 'in time'

Treasurer Jim Chalmers says the naming of partners at consulting giant PwC involved in misusing confidential government information will happen "in time".

The Guardian - AU

Electricity prices to rise by up to a quarter in parts of Australia after energy regulator issues market default decision

Australian Energy Regulator says power bills would have gone up twice as fast without government intervention

The Guardian - AU

About 300,000 Victorians who use negative gearing could claim land tax hikes as deductions

Premier says levy is ‘tax deductible’ as ATO says 304,942 Victorians used negative gearing in 2019/20

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.

AAP

Consumer confidence edges up but low mood prevails

Consumers are feeling a touch more optimistic about their personal finances, with the jobless rate low and pay packets rising.

The New Daily

ABC staff walk out over ‘abhorrent’ abuse of Stan Grant

Furious ABC staff have walked off the job to protest the treatment of outgoing Q+A host Stan Grant.

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