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The Latest Breaking News from Jim Chalmers

'Better world': inside Australia's pact with AI giant

A Silicon Valley tech boss has warned of the consequences should AI fall into the wrong hands as he signed an agreement with Australia on related safety.

AAP

Long, bumpy road ahead for fuel crisis, PM warns nation

Australians are being warned the fuel crisis could worsen as Anthony Albanese uses a national address to urge motorists to think of others when filling up.

AAP

Fair Work abolishes junior pay rates for adult workers, with half a million young Australians to be paid more

Union celebrates ‘landmark decision’ that will mean adults aged 20 or younger are no longer paid less

The Guardian - AU

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The Reserve Bank Just Banned Credit & Debit Card Surcharge Fees, Here’s How It’ll Impact You

Say goodbye to those sneaky added charges!

Pedestrian.tv

Debit and credit card surcharges to be removed in Australia by October

Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges

The Guardian - AU

Halving the fuel excise is smart politics, but flawed policy

With fuel prices staying high, the federal government has announced a halving of the fuel excise for three months. This will cost the federal budget A$2.55 billion, according to Treasurer Jim Chalmers.

The Conversation

Fuel Excise Slashed, New Powers Unlocked: What The PM’s National Fuel Plan Actually Does

The PM’s new fuel crisis plan explained, including the three‑month fuel excise cut and state moves like free public transport.

Pedestrian.tv

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Government slashes fuel excise, heavy vehicles charge for 3 months at cost of $2.55 billion

The Albanese government will halve the excise on petrol and diesel and reduce the heavy vehicle road user charge to zero, both for three months, at a budget cost of $2.55 billion.

The Conversation

Labor backs Greens inquiry into gas export tax – as it happened

This blog is now closed

The Guardian - AU

As the fuel crisis worsens and more sectors call for help, Labor must be prepared to make tough choices

With the government warning of a ‘long tail’ to the current fuel crisis, Jim Chalmers’ May budget will have even more demands on spending than usual

The Guardian - AU

Labor Backs Calls For 3 Million Aussies To Get An Above-Inflation Pay Rise: ‘Doing It Tough’

Labor is urging the Fair Work Commission to deliver an above-inflation minimum wage rise to help low‑paid workers cope with fuel costs.

Pedestrian.tv

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

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The Guardian - AU

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

The Guardian - AU

Morning Mail: fears for economy amid fuel crisis, Israel sets sights on Lebanon, Mafs star Mel Schilling dies

Treasurer says end of Middle East war ‘can’t come soon enough’ as economy faces series of shocks

AAP

Calm before storm: RBA braces for spikes and hikes

The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.

The Guardian - AU

Albanese urged to help Australians struggling with fuel crisis, as NZ offers first-of-its-kind cash relief

David Pocock says a flat 25% export levy on gas producers could redirect ‘wartime profits’ to struggling Australians

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AAP

Fuel companies warned to give Aussies fair go at bowser

To address fuel availability issues at service stations, companies will be allowed to co-ordinate with each other on supply but not prices.

AAP

Mining state's tax rebate watered down under new plan

After years of furious attempts to end a sweetheart Morrison-era deal, eastern states appear to have gained ground in reducing WA's GST windfall.

The Conversation

Grattan on Friday: Chalmers is trying to make economic uncertainty a springboard for reform

When he talks about the May 12 budget, Treasurer Jim Chalmers always stresses that what’s done on things like the capital gains tax discount will be a matter for cabinet.

The Guardian - AU

Malinauskas steps up One Nation attack ahead of SA election – as it happened

This blog is now closed

AAP

Treasurer softens up voters for 'hard decisions' on tax

The government will warn of a hit to economic growth and Australia's productivity performance in the upcoming budget, raising the stakes for ambitious reform.

The Conversation

Chalmers says latest Treasury modelling shows Australia’s inflation could reach 5%, as national cabinet meets on fuel

Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers says.

The Independent UK

The Latest: Iran attacks Israel and Gulf countries after an Israeli strike kills its security chief

Iran launched strikes toward Israel and Gulf countries, hours after an Israeli strike killed its security chief

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