Category Archives: Jim Chalmers

Soft toys, memes and a movie villain: Labor tries to simplify the message but selling a budget isn’t child’s play

Posted on by

As the budget fight plays out fiercely online, Labor senator Ellie Whiteaker turns to a zebra and a giraffe for help

Selling a complicated federal budget isn’t exactly child’s play, but Anthony Albanese and Jim Chalmers could do worse than following the example of their colleague’s toy giraffe and zebra to help explain their contentious tax changes.

The budget fight is dominating parliament and Senate estimates, but it’s being fought just as fiercely online. The weapons of choice? Memes, fluffy animals and a questionable reference to a serial killer cannibal.

Continue reading...

Pocock open to independents forming party to counter Hanson – as it happened

Posted on by

This blog is now closed.

Climate activists say they have blocked two coal ships from entering Newcastle port

Climate activists say they have stopped two coal ships from entering the Port of Newcastle this morning after kayakers and a small boat entered the channel.

I grew up in the best years economically in Australia’s history, and I can’t sleep at night thinking about my 5 great-grandkids trying to live on a dead planet if we keep mining coal. I want to see more people my age standing up for what’s right.

There’s plenty of conversations going on all the time.

I think there’s so many people in politics for the right reasons and, when you’re in there, you want to say, well, how do we actually ensure that people can elect people that are going to come here and really deal with the root causes of the problems that we’re facing, because we haven’t seen that.

How do you be part of changing our country for the better? For me at the moment, that is serving people in the ACT, engaging on each issue, bringing solutions, using whatever power I have in the Senate to actually work on behalf of the people that have sent me there. As to what that looks like in the future, who knows?

Continue reading...

Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

Posted on by

Prime minister launches impassioned argument in favour of much-maligned reforms announced in last week’s federal budget

A visibly emotional Anthony Albanese has launched an impassioned defence of Labor’s proposed changes to negative gearing, the capital gains tax discount and family trusts, saying he will “not allow Australia to become a country where aspiration is only for some”.

The prime minister has faced sustained criticism to the reforms, which include limiting negative gearing to new-builds while grandfathering existing properties, changing how CGT is calculated and imposing a new 30% minimum tax on discretionary trusts.

Continue reading...

Tech founders use AI-generated images to poke fun at Anthony Albanese in protest against tax changes

Posted on by

‘He’s having a great time with his new 47% equity,’ one entrepreneur jokes, warning that some startups may leave Australia behind

Tech entrepreneurs have mocked the government’s capital gains tax changes by posting AI-generated photos of Anthony Albanese as their “new founder” and warning that increased taxes could push people away from working for new businesses or send startups overseas.

Startups and entrepreneurs may yet receive a carve-out in the federal government’s planned changes to the CGT discount, with the prime minister saying he wanted to support innovation and the treasurer, Jim Chalmers, revealing that consultation was continuing with the sector.

Continue reading...

POV: you’re Jim Chalmers using social media to sell the most ambitious budget of your life

Posted on by

Politicians still care about traditional media, but winning over people spending more of their lives online is the challenge for modern MPs

He’s up before sunrise, pounding the pavement in a cap and running shorts. He’s still up late into the night, having slipped into a comfortable sweater while he checks figures in a darkened office by lamplight, fuelled by sugar-free Red Bull.

It’s “decision week”, Jim Chalmers declares of the annual federal budget in a video that pinged around political group chats this week. The treasurer was keen to take people behind the scenes on social media.

Continue reading...

A Zara dress, the Jim Reaper and a communist state: how Australia’s media interpreted the budget

Posted on by

The Murdoch papers sharpened their sickles and hammered Jim Chalmers’ budget for ‘the most radical redistribution of wealth since the Whitlam era’

The voters of New South Wales woke up in a communist state on Wednesday – at least according to the Daily Telegraph, which claimed that “Lying Jim” Chalmers was cackling like the devil as he gouged them with big taxes in the federal budget.

To underline this apparent sharp turn to the left, the Tele added a red hammer and sickle and used a red background.

Sign up for Guardian Australia’s free weekly media newsletter here

Continue reading...

News live: Bell says royal commission will look at ‘ugly displays of hostility’ towards Jewish Australians as hearings begin

Posted on by

Meanwhile treasurer says next week’s budget will save more than it spends. Follow today’s news live

Jim Chalmers says next Tuesday’s budget will not extend the 26 cent fuel tax cut beyond June.

But with Australia “hostage” to the wild swings in global oil prices amid the ongoing US-Israel war on Iran, the treasurer said there was “a range of contingencies” prepared to help support households and the economy from any escalating damage as a result of the Middle East conflict.

The budget will be calibrated for the conditions, but it will also still be consistent with our ambitions.

The election began a year of delivery, and the budget will begin a year of more ambitious reform, reform which is made more not less, urgent by global inflation and global economic uncertainty.

Continue reading...

Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

Posted on by

The fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuels

Most Australians support taxing profits from gas exports and extending the cut to the fuel excise, according to the latest Guardian Essential poll, despite Anthony Albanese on Wednesday ruling out a new tax on existing gas export contracts.

The poll also found the fuel crisis is seeing more voters keen to shift to renewable energy rather than stick with fossil fuels. Australians also say they are already cutting back on travel, switching to public transport and reducing their use of aircon and heating amid the global fuel uncertainty.

Continue reading...

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

Posted on by

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

Debit and credit card surcharges will be gone by October under Reserve Bank reforms, with big banks likely to foot the bill for the cost-of-living measures.

The new rules, announced on Tuesday, will enable businesses to remove added fees on Mastercard, visa and eftpos card payments.

Continue reading...

Australia news live: Chalmers reveals Keating influence on super tax backdown; cost of cybercrime revealed

Posted on by

Treasurer says he spoke to former PM ‘half a dozen’ times before unveiling changes to his plans for superannuation tax concessions. Follow today’s news live

Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then Nick Visser will take over.

The treasurer, Jim Chalmers, says he spoke to former Labor prime minister Paul Keating ‘half a dozen times’ last week as he finalised the federal government’s watered-down superannuation tax plan. More coming up.

Continue reading...

Superannuation tax changes: new rules have been proposed for your super – here’s what you need to know

Posted on by

Major changes announced by Jim Chalmers include indexing superannuation balances to inflation and addition of a new threshold taxing balances between $3m and $10m

The Albanese government has dramatically rewritten its major tax policy, caving in to criticism on its controversial superannuation tax plan by raising thresholds and slashing the amount of money it will rake in.

After a long period of sustained attack from politicians and lobby groups, the government has conceded defeat on all major criticisms, with the treasurer, Jim Chalmers, saying the policy rewrites would “better target superannuation concessions”.

Continue reading...

Retirees ‘deserve’ super tax breaks, treasurer says, as government considers how to give younger Australians ‘fair go’

Posted on by

No plan to alter concessional measures on retirees’ superannuation as part of tax reforms, Jim Chalmers says

Retirees still deserve concessional treatment on their superannuation, the treasurer says, despite mounting calls for an overhaul of the tax system.

Jim Chalmers said fairness for younger generations needed to be considered as part of any change to taxes, after talks at the three-day productivity roundtable in Canberra.

Continue reading...

Young Australians may endure worse lives than their parents, ‘worried’ productivity chief warns

Posted on by

Productivity Commission chair urges ‘growth mindset’ to solve looming problems for future generations ahead of economic summit, while reiterating call to limit AI regulation

Young Australians may endure worse lives than their parents, the nation’s productivity chief has warned.

Danielle Wood, chair of the productivity commission, said young people are facing a future of lower wages, increased costs and the impacts of climate breakdown without major government action to tackle major economic challenges.

Continue reading...

Natural disasters cost Australia’s economy $2.2bn in first half of 2025, new Treasury analysis shows

Posted on by

Wild weather, including Cyclone Alfred and floods in NSW and Queensland, significantly slowed retail trade and household spending

Six months of natural disasters in 2025 have cost the economy $2.2bn, largely in slower retail and household spending, according to new federal Treasury analysis.

Wild weather has repeatedly battered the Australian east coast this year.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Anthony Albanese reveals new cabinet with Tanya Plibersek named as minister for social services

Posted on by

PM has named his new frontbench, including Michelle Rowland as the new attorney-general, after a factional brawl over positions

Tanya Plibersek has been named the minister for social services as the prime minister, Anthony Albanese, revealed his new frontbench after Labor’s emphatic election victory.

The biggest changes in the new cabinet include Michelle Rowland, as the new attorney-general; health minister Mark Butler getting the NDIS added to his portfolio; Amanda Rishworth being named the new employment and workplace relations minister; Anika Wells being promoted to the communications portfolio; and Murray Watt taking on the environment portfolio.

Richard Marles – deputy prime minister, minister for defence

Penny Wong – minister for foreign affairs

Jim Chalmers – treasurer

Katy Gallagher – minister for finance, minister for the public service, minister for women, minister for government services

Don Farrell – minister for trade and tourism, special minister of state

Tony Burke – minister for home affairs, minister for immigration and citizenship, minister for cybersecurity, minister for the arts

Mark Butler – minister for health and ageing, minister for disability and the national disability insurance scheme

Chris Bowen – minister for climate change and energy

Catherine King – minister for infrastructure, transport, regional development and local government

Amanda Rishworth – minister for employment and workplace relations.

Jason Clare – minister for education

Michelle Rowland - attorney general.

Tanya Plibersek – minister for social services.

Julie Collins – minister for agriculture, fisheries and forestry

Clare O’Neil – minister for housing, minister for homelessness and minister for cities

Madeleine King – minister for resources, minister for northern Australia

Murray Watt – minister for the environment and water

Malarndirri McCarthy – minister for Indigenous Australians

Anika Wells – minister for communications, minister for sport

Pat Conroy – minister for defence industry, minister for Pacific Island affairs

Anne Aly – minister for small business, minister for international development, minister for multicultural affairs

Tim Ayres – minister for industry and innovation, minister for science

Continue reading...

Chalmers calls Coalition’s economic plan an ‘ambush’ as Taylor plugs spending cuts in treasurers’ debate

Posted on by

Opposition and Labor offer opposing pitches for economy in treasurers’ debate hosted by Sky News

Jim Chalmers has laid into “Peter Dutton’s coalition of cuts and chaos” in a heated televised debate with Angus Taylor, who took aim at a Labor party he claimed had overseen the “biggest collapse in our living standards in history”.

The treasurer and his counterpart went head-to-head in a debate hosted by Sky News on Wednesday night, answering questions on US tariffs, the cost-of-living crisis, energy and housing.

Continue reading...

Federal election ‘will be won or lost in the suburbs’, Chalmers says

Posted on by

Treasurer is scathing of Coalition’s pledge to repeal Labor’s tax cuts but admits he is ‘very concerned’ about global trade war

The federal election will be a battle of the suburbs, the treasurer says, declaring Labor’s budget and economic plan is focused squarely on the outer suburban areas which may decide the next prime minister.

In an interview with Guardian Australia’s Full Story podcast, Jim Chalmers also dismissed Peter Dutton’s budget reply centrepiece, a temporary fuel excise cut, as providing “no ongoing help with the cost of living”.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Australia news live: Hastie warns ADF is ‘going to get weaker’ as China tests US allies with ‘gunboat diplomacy’

Posted on by

Shadow defence minister told ABC RN China is testing US allies as Trump ‘resets relationships in Europe’. Follow today’s news live

ABC pays tribute to Antony Green as he announces upcoming election will be his last on-air

Continuing from our last post: the ABC’s director of news, Justin Stevens, has paid tribute to Antony Green as he announces the upcoming election would be his last on-air with the national broadcaster.

For more than three decades he has performed one of the ABC’s most important roles with precision, impartiality, dedication and unprecedented expertise.

He has the ABC’s immense gratitude and respect. I’m sure our audience joins me in thanking him and wishing him well as he prepares for his final federal election broadcast.

It’s time to retire. I turn 65 this coming weekend. I work on a three-year election cycle with federal elections, I won’t be presenting elections in three years’ time when I’m 68, so this will be my last on-camera election for the ABC.

I’ll stay on for a couple of years, handing over work and doing other things, but essentially I’m deciding to retire and work less.

There are 80 or 90 of them, a book on every election since 1990, state and federal … I [also] redesigned computer system. When I first started this, you had to be in the tally room to get the numbers. It was the only way to get data from the Electoral Commission to the ABC computer, so you had to be there. It’s a completely different world now.

Continue reading...

‘Trusted capital from your long-term ally’: Australian super’s US trip to bolster efforts to avoid Trump’s steel tariffs

Posted on by

Super Members Council says summit may sway US president on tariffs on Australian industry after seeing scale of investment in US

Australia’s $2.8tn superannuation industry will bolster the Albanese government’s bid to secure an exemption from the Trump administration’s 25% tariffs on steel and aluminium imports this week.

A delegation of Australia’s largest funds will meet with US government officials from Monday, as part of a four-day summit designed to improve awareness of the industry’s long-term contributions to the US economy and its plans to more than double investment.

Sign up for Guardian Australia’s breaking news email

Continue reading...

As an election looms, will Australians remember Labor for one rate cut or the 12 hikes before that?

Posted on by

The Albanese government had been sweating on the RBA decision, which clears the way for an election as soon as early April

Jim Chalmers tried to say he wasn’t taking credit for the big banks dropping their interest rates, but the sense of satisfaction – or perhaps relief – among other Labor MPs was palpable in the moments after the Reserve Bank of Australia announced its cut of 25 basis points.

Labor MPs Justine Elliot and Kristy McBain, both under pressure in tough races, tweeted “breaking” updates within two minutes of the announcement. Within a few more minutes, the likes of Jerome Laxale, Josh Wilson, Pat Conroy, Shayne Neumann, Mark Butler, Helen Polley, Tony Sheldon and the retiring Graham Perrett had also taken to their social media accounts to broadcast the news.

Sign up for Guardian Australia’s breaking news email

Continue reading...