Category Archives: Jim Chalmers

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

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Oxfam reacts to Australia’s Cop29 pledge

Oxfam Australia has welcomed the government’s Cop29 pledge of $50m towards a global loss and damage fund to help the world’s most vulnerable people to repair the damage from climate breakdown.

If climate change losses and damages are not included in the new global climate finance goal, the new fund for responding to loss and damage risks becoming an empty vessel.

The danger is that developed country governments will prioritise meeting the new and ambitious climate finance goal, and will not prioritise a fund that doesn’t count towards it.

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Backflip on international student caps ‘baffling’, MP says – as it happened

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Three million Australians are at risk of homelessness, a 63% increase since 2016, a new report from Homelessness NSW and Impact Economics has revealed.

By looking at household data including income, support and rental stress, the report found in 2022 there were 3.04m Australians now at risk of homelessness, an increase on the 1.87m reported in 2016.

1 in every five days the frontline services could not assist a family with children because they were so stretched.

Individuals without children were turned away 1 in every 2 days.

Unaccompanied young people and children without accommodation were turned away on 1 in 9 days.

I think more broadly, the government under Anthony Albanese has got an excellent record of managing relationships around the world, making genuine progress, whether it’s with China, whether it’s with American friends or others.

I think when it comes to Peter Dutton, I think he has a kind of a reckless arrogance which doesn’t lend itself to foreign policy and maintaining and managing some of these complex relationships.

I think he would be a risk to our economy, and that’s because that reckless arrogance, which has been a defining feature of his time as a politician over a long period of time now … [it] doesn’t lend itself to managing these relationships, which are so important to us.

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Australian businesses selling essential goods and services to be forced to accept cash payments

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Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

Businesses selling essential goods and services such as groceries, medicines and fuel will be forced to accept cash from their customers unless granted a special exemption, under a government mandate to take effect from 1 January 2026.

In a move designed to taper the phase-out of cash and ensure those who rely on it can still use it for the near future, the federal government will require certain businesses to take cash payments. But others, including many small businesses, will be exempt from the measure.

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Australia ‘not immune from trade tensions’, Chalmers says of incoming Trump presidency

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Treasurer says he spoke about tariffs to a ‘key member’ of Republican’s economic team before the US election

Australia’s economy will not be immune from escalating trade tensions, Jim Chalmers has warned, as the Albanese government prepares itself for an incoming Donald Trump administration.

In a speech to be delivered on Monday , the treasurer will outline the risks of an “uncertain world characterised by economic vulnerability and volatility” but will say the Australian government is “well-placed and well-prepared”.

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Australia news live: king meets Hephner the alpaca en route to war memorial; Sussan Ley declares purchase of Cessna plane

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King Charles III and Queen Camilla have greeted the crowd at the Australian War Memorial, shaking hands and high-fiving kids. Follow the day’s news live

Independent Kooyong MP responds to Victorian government rezoning plan

Monique Ryan, the federal member for Kooyong, was up on ABC News Breakfast earlier to discuss the Victorian government’s rezoning plan:

The announcement this weekend from the premier was for nine massive new developments just in the electorate of Kooyong. That’s huge. These could be up to 20 storeys high. Of course that will cause some concern from people who live in the area, who have chosen to live there, because it’s a beautiful part of the world.

We’re not saying we don’t want it, I think people in my part of the world are welcoming it. We’d also like some assurances from the government they will include social and affordable housing in these developments. We really don’t have any detail as of yet and that’s the stuff that’s missing at this point.

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Shoppers to no longer pay fees when using debit cards under new Albanese government plan

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Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs

The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

The proposed changes would mean consumers no longer pay a fee when using their debit card to buy their morning coffee or make a major retail purchase. Credit card fees would still apply.

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Assange says he is free because he ‘pled guilty to journalism’ – as it happened

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National weather forecasts

Sticking with the weather, here’s a look at the forecasts across Australia’s capital cities today:

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Jim Chalmers to confirm first back-to-back federal budget surpluses in more than 15 years

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Treasurer cites lower government spending as the key driver behind the $15.8bn surplus, which is $6bn better than May’s forecast

Jim Chalmers will on Monday reveal a $15.8bn budget surplus in an economic update, more than $6bn higher than predicted at May’s federal budget.

The treasurer says the better-than-forecast budget position has come “entirely” from lower government spending, a detail the treasurer highlights as Labor comes under scrutiny from the opposition and the Reserve Bank over concerns that public expenditure is helping to drive inflation.

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Chalmers admits he sought advice about changing negative gearing but says it is not on Labor’s agenda

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Treasurer says it’s ‘not unusual’ for governments to get advice on ‘contentious issues’ but stresses changes to housing tax breaks are not in the works

Treasurer Jim Chalmers has conceded he did ask his department for information about possible changes to negative gearing and capital gains tax concessions, but the government insists any reform to the controversial tax breaks are not yet on the agenda.

The Independent senator David Pocock said the government had multiple options to make the system more equitable through moderate changes while still protecting investments made by ordinary families.

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