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Jim Chalmers

Yesterday

RBA governor Michele Bullock.

RBA must show independence on material inflation risk

The Treasurer’s pre-emptive insistence makes it even more important that the new governor and her board actively demonstrate the central bank’s political independence.

  • The AFR View
October 3, 2023

Albanese fears RBA rate rise fallout - with good reason

The Albanese government knows if rates move again, as now seems inevitable, it’s going to get whacked, regardless of the cause.

  • Phillip Coorey
EV owners are benefitting from the Commonwealth’s exemption from fringe benefits tax, cash subsidies from state governments, and discounts on stamp duty and registration fees

All roads lead to a tax shake up after EV ruling

The High Court’s decision banning Victoria’s electric vehicle tax has parallels to how the GST came about.

  • John Kehoe

This Month

Bill Hayden, who died on Saturday aged 90, was one of the few Whitlam government ministers to escape with a reputation worth having.

Hayden’s history lesson for Chalmers

The historical narrative from the late Bill Hayden to Paul Keating holds lessons for today’s Labor Treasurer Jim Chalmers.

  • The AFR View
High petrol prices are adding to cost of living pressures.

Voters were focused on cost of living, not Voice, survey reveals

Eight in 10 voters wanted the government focused on the cost of living at referendum time, while just one in 10 said the same of the Voice, the latest True Issues survey reveals.

  • Phillip Coorey
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The Chanticleer podcast features James Thomson and Anthony Macdonald.

Rinehart changes Liontown’s game | Is Origin worth more? | Bullock’s oil price headache

In this week’s episode, James and Anthony look at two spicy takeover battles and celebrate the podcast’s first birthday with special guest Financial Review editor-in-chief, Michael Stutchbury.

The longer Chalmers leaves it, the harder EV charging will be to fix

What are the Greens going to demand be spent when the fuel excise runs out? And do they not realise that just because a car is battery powered, it will still need a road?

  • Phillip Coorey
Treasurer Jim Chalmers leads the aviation monitoring backflip as Labor refocuses on the economy.

Labor backflips on aviation monitoring after Qantas drops opposition

Treasurer Jim Chalmers has reinstated the ACCC’s monitoring powers just weeks after the PM declared Australia had the most competitive aviation market “bar none”.

  • Ayesha de Kretser
Chris Bowen, Anthony Albanese and Ed Husic at an EV showroom. Labor is being urged to act sooner rather than later on introducing a road-user charge for EV drivers.

Make EV drivers pay or face cost-of-living backlash, Labor told

The federal government is reluctant to bring in a road-user charge for electric cars because it believes ownership rates of low-emission vehicles are still too low.

  • Jacob Greber and Gus McCubbing
Jim Chalmers MP campaigning for the Yes vote for The Voice.

Chalmers skipped economic meetings for Voice campaign

Treasurer Jim Chalmers did not attend G20 and IMF meetings with finance ministers and central bank governors in Morocco, staying home to campaign on the Voice to parliament.

  • John Kehoe
Prime Minister Anthony Albanese.

Labor ignores Voice results ‘at its peril’

Three-quarters of Labor’s 77 seats in the House of Representatives seats voted No at the referendum, and Queensland and WA should be a worry.

  • Ronald Mizen
Former Reserve Bank of Australia Governor Ian MacFarlane in conversation with moderator Josh Williamson, Economist, Citi Australia & New Zealand

Bond market wrong to call for rate cuts: Macfarlane

The former RBA governor says he’s firmly in the higher for longer camp on interest rates even though the state of the Australian economy is puzzling.

  • Jonathan Shapiro
Treasurer Jim Chalmers and Indonesian Finance Minister Sri Mulyani shake hands after signing an economic pledge in September 2022.

Chalmers backs Indonesia’s OECD push

If successful, Indonesia would be the first South-East Asian nation to gain membership of the Organisation for Economic Co-operation and Development.

  • John Kehoe
Energy Minister Chris Bowen at the Energy and Climate Summit

Bowen and D’Ambrosio insist targets should be hard to achieve

Chris Bowen says the renewable energy targets have to be difficult to meet or there’s no point having them. But what is Plan B if - as is likely - they are too hard?

  • Jennifer Hewett

‘Everything should be on the table’ to ease tax burden on young

The BCA, CTA, Allegra Spender and Grattan have urged Labor to develop a tax reform agenda to stop younger workers shouldering an ever-increasing tax burden.

  • John Kehoe
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Treasurer Jim Chalmers has introduced a flurry of superannuation law reforms.

Crackdown for employers dodging super stapling laws

The government is also moving ahead with its plan to introduce payday super amid a flurry of law reform for the retirement income sector.

  • Hannah Wootton
Drivers are feeling pain at the pump as petrol prices climb.

Why petrol over $2 a litre will hit differently this time

Companies facing higher costs will have less capacity to pass them onto already struggling customers, meaning profit margins will be squeezed by pricey fuel.

  • Ronald Mizen
Aged care

Big super rejects government call to solve aged care funding crisis

While Labor flags nation-building aged care, super funds resist using Australians’ savings as a “fix-all” source of needed revenue.

  • Updated
  • Hannah Wootton

Treasurer was fine with ACCC airline monitoring extension

Airlines such as Virgin Australia, Regional Express and Bonza backed the competition watchdog’s monthly mandate being extended. But Qantas objected.

  • Ayesha de Kretser
The Future Fund will be required to disclose how it looks after the $202 billion it has under management.

Future Fund to reveal how it invests its $250b

The Future Fund board will be required to publish details of its shareholdings, investments in properties and infrastructure, along with its cash holdings by financial institution.

  • Ronald Mizen