News Articles for Jim Chalmers

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.

Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

When it comes to multi-billion-dollar defence programs, parochial interests shouldn't get in the way of the national interest.

The federal government will advocate for a wage lift that stops low-paid workers going backwards as business groups worry about higher wage bills.

Treasurer Jim Chalmers has set the parameters for his 2022-23 budget, laying out eight key priorities that must be addressed in the near and longer term.

The Reserve Bank could be facing legislative changes under a review, due to be handed to Treasurer Jim Chalmers on Friday.

The treasurer might be onto something with his belief in values-based capitalism.

A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.

Women have missed out on more than $2.8 billion in super in the 12 years since Australia's paid parental leave scheme was introduced, industry fund Hesta says.

Treasurer Jim Chalmers has blocked a Chinese investment fund from increasing its stake in a rare earth company on national security grounds.

Superannuation balances of more than $3 million will be subject to a higher rate of tax from FY26, with about 80,000 Australians to be affected by the change.

It is a classic political alphabet soup, but when the IRA is mixed with the CRMA it should be good news for WA.

Jim Chalmers says he won't "pretend away" pressures on the federal budget which includes superannuation tax concessions.

As criticism of the government's energy market intervention settles, Madeleine King is focused on pushing Australian resources to the fore of the global energy transition.

Jim Chalmers will push to legislate a common objective for superannuation funds to stop early withdrawals and limit the use of super to accumulate wealth.

Cabinet minister Bill Shorten has defended Philip Lowe's decision to give a private briefing to bankers about interest rate rises.

Treasurer Jim Chalmers says while the recent interest rate hike would slow the economy, forecasts show Australia would not go into a recession.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

Businesses burned by China's trade bans are finding market appeal elsewhere.

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

More women are taking top roles at Australia's economic and financial institutions but they are still under-represented in leadership.

The consumer watchdog will investigate gas producers who don't supply their product domestically as Labor's new price cap gets off to a rocky start.

The Labor government expects wages will keep growing strongly as inflation moderates, ultimately leading to real wage growth by 2024.

Jobs growth in the first six months of the Albanese government has been strong and managed to outpace performance in several advanced nations.

Australia's rich critical mineral and clean energy resources could be harnessed to drive economic prosperity as seen in the mid-2010s mining boom.

The treasurer has met with his counterparts from the US, UK, Canada and New Zealand to discuss the challenges facing their economies.