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The Latest Breaking News from Jim Chalmers

Cap on coal and gas prices key to Anthony Albanese’s plan to reduce electricity bills

Federal, state and territory governments will provide up to $3 billion in electricity bill relief to households and small businesses.

The New Daily

Power package: $3 billion for 'targeted and temporary' relief on bills

The federal government will provide up to $1.5 billion – to be matched by states and territories – for “targeted and temporary” relief on power bills for low and middle income households and small businesses.

The Conversation

Reserve Bank review ‘will be relevant’ to Philip Lowe’s chances of a second term, Chalmers says

Treasurer says it is not a ‘performance review’ but will ‘feed into our thinking’ about RBA leadership

The Guardian - AU

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Pleasing none, Albanese presents consensus position on rising power bills; gets tentative tick

Anthony Albanese has ultimately stepped in for the consumer on energy, but limited the fallout to industry.

The New Daily

Chinese ambassador hails ‘very successful’ meeting – as it happened

This blog is now closed

The Guardian - AU

States asked to step up on power prices

Treasurer Jim Chalmers says he believes the states and territories will be able to agree to measures to lower power prices.

AAP

Federal Labor prepared to compensate states in effort to drive down energy bills

Commonwealth to compensate states for imposing cap on coal prices, treasurer says, meaning bill relief for Australian households in first half of 2023

The Guardian - AU

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Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Guardian - AU

Treasurer capitalises on top credit rating

Australia has maintained its AAA credit rating by Fitch Ratings, which noted the government's decision to show spending restraint in it's first budget.

AAP

Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AAP

Australia to become 'more assertive' on foreign investment in critical minerals

Top lithium supplier Australia is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said on Friday.

Reuters

Labor backs critical minerals mining boom

The treasurer says foreign investment and bolstering local manufacturing will be central to a refreshed critical minerals strategy.

AAP

Nude activists target fast fashion in Melbourne CBD – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Albanese’s emissions tightrope, Christmas air fares soar, Baker Boy scoops Arias

In today’s newsletter: how Labor fought a fierce pre-election battle over climate policy; air fares sky-rocketing ahead of festive getaway; Yolŋu rapper cleans up at the Arias

The Guardian - AU

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AAP

Treasurer hosts housing investor meeting

Treasurer Jim Chalmers will meet with private sector representatives on Friday for a roundtable on housing investments.

AAP

Review panel pledges to revitalise RBA

An independent panel set up to examine the Reserve Bank of Australia says it will make recommendations to "revitalise" the central bank.

The Guardian - AU

Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

ABC News

'Electric car discount' to pass parliament, taking thousands off the cost of popular low emissions cars

Crossbench senators have agreed to support a deal that will make some electric vehicles cheaper, and end tax benefits for plug-in hybrids from 2025.

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AAP

Labor eyes energy price fix by year's end

The treasurer is meeting with manufacturers and other businesses to discuss possible solutions to soaring energy prices.

AAP

Chalmers backs his budget on inflation

Without spending restraint, Treasury analysis implies Australian households would be facing a double whammy of higher repayments and higher inflation in 2023.

The Conversation

Super funds should use their substantial holdings for public good

Last month Federal Treasurer Jim Chalmers unveiled the National Housing Accord, intended to build a million new homes in Australia. Part of the plan is to encourage superannuation funds to invest in social and affordable housing.

Reuters

Australia, China leaders looking to stabilise ties at meeting on Tuesday

Australia will be looking to stabilise its relationship with China but does not expect a swift resolution to differences between the trade partners when Prime Minister Anthony Albanese meets with President Xi Jinping on Tuesday.

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 New Daily

Anthony Albanese to hold ‘really important’ G20 meeting with Xi Jinping

Treasurer Jim Chalmers said a G20 meeting between Xi Jinping and Anthony Albanese won't fix everything, but is still an important step.

AAP

Albanese and China's Xi meet in Bali

Prime Minister Anthony Albanese has met with Chinese President Xi Jinping in a significant diplomatic breakthrough at the G20 summit.

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