News Articles for Jim Chalmers

The Reserve Bank's inflation and employment goals have been outlined in an updated statement, including the board's role in achieving full employment.

Australia's GST distribution arrangements will extend to 2030 but the states will chip in more to fund the National Disability Insurance Scheme, the federal government has revealed.

A resilient but patchy Australian economy is expected to be on display when the Bureau of Statistics releases the latest national accounts figures.

The treasurer will host roundtables with banks, investors and philanthropists to try and secure private sector investment for energy, defence and social issues.

New business investment beat Treasury's budget forecasts though is expected to simmer down as the economy slows.

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

Wages grew 1.3 per cent in the September quarter, the biggest quarterly jump in the 26-year history of the official wage price index survey.

Critical minerals, battery manufacturing, renewable hydrogen, and green metals have been flagged as net zero industry priorities by the federal treasurer.

A 1.2 per cent quarter-on-quarter increase in consumer price index data released today has fueled predictions of a Reserve Bank cash rate hike in November.

Treasurer Jim Chalmers has released draft legislation aimed at cracking down on dodgy tax advisors and giving the regulator more powers to hunt down renegades.

Wages growth in Western Australia has outpaced other states and territories, according to the latest data from the Australian Bureau of Statistics.

The consumer watchdog is taking Qantas to court, alleging the airline continued to sell tickets for 8000 flights that had already been cancelled.

Parts of the Browse, Perth, Bonaparte and Northern Carnarvon basins will be opened to offshore greenhouse gas carbon capture exploration, as part of an acreage release.

The next 40 years will “belong” to Western Australia as the nation responds to intergenerational challenges, according to Federal Treasurer Jim Chalmers.

Treasurer Jim Chalmers says Australia is very exposed to the economic slowdowns taking place in China.

Australians 40 years from now will live longer and have fewer children while the economy becomes greener, a landmark reports shows.

Anthony Albanese says the country needs to "collectively plan'' for an ageing demographic, as the government prepares to release the Intergenerational Report.

The nation's inflation rate has slowed to a 6 per cent rise in the 12 months to June, according to the latest consumer price index statistics.

Treasurer Jim Chalmers has described the latest jobs figures as a "good surprise" despite fears low unemployment could fuel further interest rate hikes.

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

Reserve Bank governor Philip Lowe has laid out a major shake-up of the central bank in the wake of a wide-ranging review into the institution.

The resources industry is at the core of success, as a nation and as a state, proud Queenslander Jim Chalmers will tell a mining conference in Brisbane.

New Treasury figures show Australia outperforming major advanced economies in the past 12 months for employment growth.

A Senate inquiry will explore the interaction of consultants and government departments at a public hearing, as the PwC tax advice scandal continues.

Treasury has referred recent revelations of a tax leaks scandal currently plaguing PwC Australia to the Australian Federal Police to consider a criminal investigation.

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

The treasurer says the Albanese government has overseen the strong jobs growth during its first year but the opposition says it has failed to tame inflation.

Federal treasurer Jim Chalmers has called for the state's resources bosses to push the coalition to support LNG taxation changes, while reiterating WA's contributions to the federal economy.

The federal budget has been broadly welcomed by the business community but some worry it doesn't go far enough to boost productivity and investment.

The rent assistance limit has been increased to help more than one million Australian households, which is expected to cost the federal government $2.7 billion over five years.

The federal budget mapped out a path to ‘green hydrogen superpower' status, championed critical minerals relationships and altered taxes on oil and gas. Here's how industry responded.

Jim Chalmers says his budget won't fan inflation and lead to more interest rate rises but some leading economic experts are not convinced.

Households struggling with the cost of living will get some support in the federal budget but the threat of inflation will keep handouts contained.

Jim Chalmers says the high inflation environment is the main challenge facing the economy and his budget will reflect these price pressures.

Young workers are set to receive about $6000 extra in their superannuation balance on retirement after changes to how their payments are made.

More than 40 organisations have signed a letter to the treasurer demanding more investment in social and affordable housing in the upcoming budget.

The oil and gas industry has pushed back on possible federal budget changes to tax settings that could see the industry pay more.

Federal Treasurer Jim Chalmers will meet with leading investors, banks and climate advocates to secure stronger investments in clean energy projects.

A major overhaul of the Reserve Bank will create a board for setting interest rates that's more accountable and holds fewer meetings.

Treasurer Jim Chalmers has signalled the federal government will tighten the Petroleum Resource Rent Tax to bring in more revenue after Treasury completed a major review.