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The Latest Breaking News from Jim Chalmers

Red tape setting back businesses billions and counting

Companies employ 52,000 dedicated workers, more than Australia's entire coal mining sector, just to comply with regulation strangling business investment.

AAP

Treasurer blocks US takeover of Aussie pharma company

A takeover deal for an Australian pharmaceutical manufacturer has been knocked on the head, with the treasurer citing risks to the supply of critical medicines.

AAP

Slash spending and reform taxes, IMF urges Australia

Australia should reintroduce a mining tax and limit spending growth in the NDIS and aged care, according to a leading global financial institution.

AAP

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The Coalition says ‘Jimflation’ is wrecking the nation – but would we have accepted the alternative?

Public spending can drive inflation, but from healthcare to education, Australians expect more and better public services – and Labor provided

The Guardian - AU

First stores allegedly selling illegal tobacco shut down in Sydney as officials wield new powers

Health minister Ryan Park promises the two closures are ‘just the beginning’ as NSW tries to stem sharp rise in illicit cigarettes and vapes

The Guardian - AU

Chalmers mulls automatic approval for foreign investors

Treasurer Jim Chalmers has unveiled more changes to the nation's foreign investment review scheme as he struck down a proposed pharmaceutical takeover.

AAP

Former Adelaide MP named new ALP president – as it happened

This blog is now closed

The Guardian - AU

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Treasurer hits back as opposition slaps panic button

The coalition has sought to link a recent rise in inflation and unemployment to the 1970s economic malaise, but analysts say there is no need to panic.

AAP

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

AAP

Airlines to be probed over pricey regional fares

The Productivity Commission will examine pricing practices and competition in regional air travel as the future of a country carrier remains in the balance.

AAP

Treasurer putting Australia in New York's state of mind

Australia's mineral wealth, renewable energy potential and unique regional positioning will be spruiked by the nation's treasurer to big money in the Big Apple.

AAP

What could a Trump deal on critical minerals mean for Australia – and could Maga be a sticking point?

Ahead of Anthony Albanese’s White House visit, a ‘price floor’ and US investment in mining ventures have been flagged

The Guardian - AU

The ‘messy’ trend behind Australia’s rising unemployment is worrying economists

The RBA is holding fire on further rate cuts until it is confident that inflation is easing. But the latest jobs data complicates matters

The Guardian - AU

Treasurer lays groundwork for 'golden' US minerals deal

Australia is pushing for zero US tariffs and is dangling the carrot of a deal for critical minerals ahead of the prime minister's meeting with Donald Trump.

AAP

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Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

The Conversation

Grattan on Friday: Master communicator vs master tactician, the race between Chalmers and Burke

It was a classic “old bull” versus “young bull” struggle, and the old bull showed he had life in him yet.

The Guardian - AU

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

The Conversation

The government’s super retreat fixes some design flaws, but creates a new distortion

After months of vociferous pushback from the superannuation industry and wealthy investors, Treasurer Jim Chalmers has softened his proposed super tax reforms. The move is a pragmatic political compromise – but it also raises questions about policy consistency and long-term fairness.

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The Guardian - AU

Ley calls for parliament to investigate Thorpe over ‘incendiary behaviour’ at protest – as it happened

This blog is now closed

AAP

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

The Guardian - AU

Labor’s watered-down super tax plan creates a fairer system – but it’s far from as fair as it should be

Jim Chalmers says revised superannuation tax reforms still raise a ‘substantial’ amount of money, but it will be much less than before

The Guardian - AU

Afternoon Update: Labor’s super tax walkback; a climate tipping point; and a surprise conversion to birdwatching

Government now plans to scrap tax plan’s application to unrealised gains and delay start date of changes to July 2026

The Conversation

Jim Chalmers unveils major retreat on controversial superannuation changes

The Albanese government has finally announced a major retreat on its proposed controversial superannuation changes.

AAP

'Victory for common sense': Labor backdown on super tax

A plan to increase tax on large super balances has been overhauled, with Labor saying they took feedback on its original plan seriously.

AAP

'Payday super' popular but could challenge small firms

Legislation to align superannuation with payday has been broadly welcomed despite warnings some firms would face a cashflow crunch and compliance headaches.

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