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Jim Chalmers

  • Minister Says Cash an Important Backup If Digital Payment Systems Fail
    Minister Says Cash an Important Backup If Digital Payment Systems Fail
    On Dec. 20, Treasury issued a consultation paper seeking public input on the cash mandate’s scope, compliance, and accessibility strategies.
    December 26, 2024BY Naziya Alvi Rahman
  • Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
    Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
    Economists caution against perpetual debt and stagnation for future generations without bold fiscal and economic reforms.
    December 18, 2024BY Naziya Alvi Rahman
  • Australia’s Deficit to Be $22 Billion Worse Off Than Originally Predicted
    Australia’s Deficit to Be $22 Billion Worse Off Than Originally Predicted
    Expected growth figures were also revised downwards.
    December 17, 2024BY Naziya Alvi Rahman
  • Government Announces Over $14 Billion of Savings in the Budget
    Government Announces Over $14 Billion of Savings in the Budget
    Changes to aged care and the NDIS are 'the biggest structural savings to the budget seen in the ...
    December 17, 2024BY Naziya Alvi Rahman
  • The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
    The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
    The Opposition said now was not the right time to 'sack and stack' the Reserve Bank Board.
    December 16, 2024BY Monica O’Shea
  • China’s Faltering Economy Hits Australia’s Bottom Line
    China’s Faltering Economy Hits Australia’s Bottom Line
    China's imports have fallen 3.9 percent in defiance of analysts' predictions. That's going to impact Australia's company tax ...
    December 15, 2024BY Rex Widerstrom
  • Treasurer Says Australians Under ‘Substantial Pressure’ as Economy Underperforms
    Treasurer Says Australians Under ‘Substantial Pressure’ as Economy Underperforms
    Australia's economic growth has been sluggish for several quarters now.
    December 4, 2024BY Naziya Alvi Rahman
  • Australian Economy Grows Slightly, Falls Short of Expectations
    Australian Economy Grows Slightly, Falls Short of Expectations
    On an annual basis, the economy grew by 0.8 percent, down from 1 percent in June, and below ...
    December 3, 2024BY Naziya Alvi Rahman
  • $60 Billion Budget Gap: The Lucky Country’s Luck Is About to Run Out, Says Economist
    $60 Billion Budget Gap: The Lucky Country’s Luck Is About to Run Out, Says Economist
    The Labor government has wasted opportunities, which will result in a budget shortfall $20 billion worse than Treasury ...
    December 2, 2024BY Rex Widerstrom
  • RBA Reforms Pass: Interest Rate and Corporate Governance Boards Split
    RBA Reforms Pass: Interest Rate and Corporate Governance Boards Split
    The move comes after the Greens secured key concessions from the Labor government.
    November 28, 2024BY Naziya Alvi Rahman
  • Reserve Bank Cautiously Optimistic About Inflation Drop
    Reserve Bank Cautiously Optimistic About Inflation Drop
    RBA holds cash rate steady as tight labour market delays inflation’s return to target, projecting stability by 2026.
    November 28, 2024BY Naziya Alvi Rahman
  • Australia’s Inflation Rate Continues Steady Decline at 2.1 Percent
    Australia’s Inflation Rate Continues Steady Decline at 2.1 Percent
    ABS data says this is the lowest annual inflation since July 2021.
    November 26, 2024BY Naziya Alvi Rahman
  • Australian Senate Votes to Embed Global Minimum Tax Standard Into Law
    Australian Senate Votes to Embed Global Minimum Tax Standard Into Law
    Government passed a 15 percent global and domestic minimum tax for multinational corporations, effective from Jan. 1, 2024.
    November 26, 2024BY Naziya Alvi Rahman
  • Budget to Slump Nearly $50 Billion, Deloitte Predicts
    Budget to Slump Nearly $50 Billion, Deloitte Predicts
    Australia's federal budget will go from a budget surplus achieved in 2023/24 to a bigger than expected deficit.
    November 25, 2024BY Rex Widerstrom
  • Australian Government Unveils Tax Incentives for Hydrogen and Critical Minerals
    Australian Government Unveils Tax Incentives for Hydrogen and Critical Minerals
    The bill offers a $2 tax credit for every kilogram of hydrogen produced.
    November 24, 2024BY Naziya Alvi Rahman
  • Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift
    Opposition Accuses Labor of ‘Raiding the Nation’s Nest Egg’ in Future Fund Shift
    The Labor government has directed the Future Fund to consider investments in housing, infrastructure, and green energy.
    November 21, 2024BY Naziya Alvi Rahman
  • Australia’s Sovereign Wealth Fund Instructed to Target Housing, Climate Change
    Australia’s Sovereign Wealth Fund Instructed to Target Housing, Climate Change
    The Future Fund is now worth $230 billion and was created to ease the government's reliance on taxpayers.
    November 20, 2024BY Naziya Alvi Rahman
  • ‘Give Retirees Peace of Mind’: Reforms Unveiled Aimed at Improving Super Performance
    ‘Give Retirees Peace of Mind’: Reforms Unveiled Aimed at Improving Super Performance
    The treasurer is moving the changes as more Australians prepare to retire and draw from their super accounts.
    November 20, 2024BY Naziya Alvi Rahman
  • Labor to Mandate Cash Option for Buying Essentials
    Labor to Mandate Cash Option for Buying Essentials
    The opposition has called for clarity regarding what 'essential' items will come under the proposed law.
    November 17, 2024BY Monica O’Shea
  • Treasurer Hopes to Lift Australia’s Productivity With $900 Million Fund
    Treasurer Hopes to Lift Australia’s Productivity With $900 Million Fund
    In an attempt to tackle low productivity growth, Jim Chalmers is offering up to $900 million to states ...
    November 13, 2024BY Rex Widerstrom
  • Australia Risks Capital Flight as US Prepares for 15 Percent Corporate Tax Cut
    Australia Risks Capital Flight as US Prepares for 15 Percent Corporate Tax Cut
    The move is part of a broader package to revive U.S. competitiveness and has political leaders around the ...
    November 11, 2024BY Naziya Alvi Rahman and Daniel Teng
  • Treasurer Says Australia Not Immune to Potential Trump Tariffs, But Confident Country Can Prosper
    Treasurer Says Australia Not Immune to Potential Trump Tariffs, But Confident Country Can Prosper
    The Labor government has also said AUKUS will continue to progress.
    November 11, 2024BY Rex Widerstrom
  • Coalition Backs Merger Law Reform but Raises Concerns About Red Tape, Unneeded Costs
    Coalition Backs Merger Law Reform but Raises Concerns About Red Tape, Unneeded Costs
    Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, ...
    November 5, 2024BY Naziya Alvi Rahman
  • Treasurer Celebrates Dropping Inflation Amid Opposition Criticism
    Treasurer Celebrates Dropping Inflation Amid Opposition Criticism
    Australian Bureau of Statistics on Oct. 30, revealed a drop in inflation to 2.8 percent, the lowest level ...
    October 30, 2024BY Naziya Alvi Rahman
  • Treasurer Blames Global Instability for Australia’s Inflation Troubles
    Treasurer Blames Global Instability for Australia’s Inflation Troubles
    Chalmers ruled out changes to negative gearing. The review so far showed they wouldn't address the housing supply ...
    October 24, 2024BY Naziya Alvi Rahman
  • Jobs in NDIS Are ‘Real Jobs’: Treasurer Backs Growth Figures
    Jobs in NDIS Are ‘Real Jobs’: Treasurer Backs Growth Figures
    The treasurer argues jobs in the care sector should not be considered less important than private sector roles.
    October 17, 2024BY Rex Widerstrom
  • A Million New Jobs Put Lower Interest Rates Further out of Reach
    A Million New Jobs Put Lower Interest Rates Further out of Reach
    Good news for out-of-work Australians is likely to translate as bad news for those with mortgages.
    October 17, 2024BY Rex Widerstrom
TOP NEWS
  • Israel Strikes Iran After Tehran’s Missile Attack
    2hr By T.J. Muscaro
    Israel Strikes Iran After Tehran’s Missile Attack
  • America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
    3hr By Epoch Times Staff
    America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
  • Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
    6hr By T.J. Muscaro
    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
  • Iran Launches First Missiles at Israel Since Ceasefire Agreement
    7hr By Jacki Thrapp and T.J. Muscaro
    Iran Launches First Missiles at Israel Since Ceasefire Agreement
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    9hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    9hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    11hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    11hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
    12hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    16hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
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