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The Latest Breaking News from Jim Chalmers

More homes selling at a loss

There's been an uptick in home owners selling at a loss as rising interest rates push property prices lower.

AAP

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

ABC News

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Motorists brace for fuel price hike

Petrol prices are expected to shoot up by more than 20 cents a litre now that the fuel excise has been reinstated in full.

AAP

Average Australian renter paid $3,000 more last year, research finds

Greens say average rent rise of 13.8%, or $62 a week, highlights need for two-year national freeze

The Guardian - AU

Anthony Albanese says ‘Optus should pay’ for new passports for data breach victims

Push comes day after states suggest telco will pick up multi-million dollar tab for replacing driver’s licences of affected customers

The Guardian - AU

Jim Chalmers warns not to expect budget surplus as treasury forecasts ‘difficult decisions’ ahead

Treasurer says it will take more than one budget to turn the Australian economy around amid a deteriorating global market

The Guardian - AU

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Australian drivers facing fuel price hike of up to 24 cents a litre as excise cut expires

ACCC warns outlets against passing on increased excise before running down supplies of half-taxed fuel

The Guardian - AU

The Govt Is Considering Adding ADHD To The NDIS, Which Is Great News For People Acronyms

THAT’S what I’m talkin’ about.

Pedestrian.tv

Australia not safe from economic downturn

The troubles facing the global economy are far from over and Australia is unlikely to get away unscathed, an OECD report says.

AAP

Multinational tax top priority for reform

The government will remain laser-focused on multinational tax avoidance but the treasurer has left the door open for other kinds of tax reform.

AAP

Michael Pascoe: When everyone knows what’s needed, but none is game

Everyone involved in public policy knows we need some serious tax reform, but there’s no sign of anyone with the ticker to do it.

The New Daily

Analysis shows federal politicians will pocket more than $18m over 10 years from stage three tax cuts

Parliamentarians, on base salaries of at least $211,250, will receive average cut of $10,000 in first year according to modelling

The Guardian - AU

Reinstating the fuel excise: how much will petrol prices rise and why now?

The excise was halved by the Coalition in March but budgetary pressures mean the new government is sticking with plans to raise it

The Guardian - AU

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AAP

Put up budget policy or sit down: Labor

Jane Hume has called on the government to focus on cost of living measures leading to Labor accusing the opposition of not offering anything constructive.

AAP

Final budget outcome for FY22 to improve

The federal government's budget position is likely to dominate financial markets this week, especially if the 2021/22 outcome comes in better than expected.

The Guardian - AU

Albanese can no longer blame policy delays on the Queen’s death. Next week will be a scramble to deliver on promises

The PM will face strong challenges from the opposition on election pledges – how he performs could determine momentum heading into 2023

Newcastle Herald

Treasurer makes ruling on Perm and Greater merger

Federal Treasury has endorsed the merger of the Greater Bank and Newcastle Permanent Building Society.

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AAP

Community bank mergers get green light

Treasury has endorsed mergers between Heritage Bank and People's Choice Credit Union, and the Greater Bank and Newcastle Permanent Building Society.

AAP

Coalition, Labor say low risk of recession

The Labor government and federal opposition believe Australia's economic fundamentals are strong, but there are headwinds coming from overseas.

The Conversation

Grattan on Friday: Can Jim Chalmers become a reforming treasurer?

Jim Chalmers’ long term ambition is similar to that of most treasurers. He wants to be prime minister. More immediately, he aspires to be a reformer, which has become harder in today’s electorate, with its low tolerance for pain.

The New Daily

Government inquiry as soaring prices put child care out of reach for families

The skyrocketing costs have seen parents increasing having to remove their children from childcare services.

AAP

Businesses missed out on fuel tax relief

The temporary fuel excise tax cut provided much-needed relief to households but did less to support businesses, although they pay less tax on fuel anyway.

Pedestrian.tv

The Temporary Fuel Discount Ends Soon You’re Fkn Telling Me These Have Been The Cheap Prices?

Great time to invest in a unicycle.

The Conversation

Government announces inquiry into childcare costs, while Chalmers promises 'conversation' about budget challenges

The Albanese government will set up an inquiry into the increasing cost of child care, which will start in January and run for a year.

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