Australian Treasurer Jim Chalmers stated that the underlying rise in inflation is not solely due to fuel excise, attributing some of the costs and consequences to the ongoing war in the Middle East. He expects these impacts to be felt for some time.

Treasurer Jim Chalmers introduced a bill to parliament, described as beneficial for workers, first home buyers, and future generations, as the Labor government moves to push through controversial tax reforms despite backlash.

Australia's latest budget, presented by Treasurer Jim Chalmers, has been met with diverse interpretations from the media, with some viewing it as an initial step towards future generations.

Australian Treasurer Jim Chalmers has stated that the government will address the country's 'unacceptable' housing market conditions.

Australian Treasurer Jim Chalmers indicated that existing property investors are likely to be exempt from increased taxes under potential capital gains tax changes to be announced in the upcoming May budget.

The International Monetary Fund (IMF) has cautioned Australian Treasurer Jim Chalmers against exacerbating war-related inflation as global recession risks intensify.

Treasurer Jim Chalmers said the decision would be "tough news" for Australians as the Opposition accused him of "inflation denial".

Treasurer says ‘not unusual’ for his department to examine options but stresses that no decision has been made Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Albanese government has again opened the door to reforms to negative gearing as it weighs up potentially sweeping tax changes to raise revenue and help address the housing crisis. The treasurer, Jim Chalmers, confirmed that changes were being examined in the lead-...

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot Get our breaking news email, free app or…

Australian Treasurer Jim Chalmers has defended the government's budget tax reforms after recent polls indicated a decline in public approval and a shift in preferred prime minister.

The new budget is designed to address economic anxieties affecting various generations, from Gen Z to boomers. Treasurer Jim Chalmers stated the budget seeks to mitigate concerns that are reportedly driving Australians towards parties like One Nation.

Treasurer Jim Chalmers announced that new tax breaks and superannuation changes will commence on July 1, with further policy announcements expected in the upcoming budget.

ACT independent Senator David Pocock is campaigning for a 25% tax on gas exports, proposing that the revenue be used to fund welfare and housing initiatives. His efforts include buying billboards to pressure Treasurer Jim Chalmers on the issue.

Australia's Treasurer, Jim Chalmers, has issued a dire warning regarding the nation's economic growth outlook, highlighting potential challenges ahead.

Australian Treasurer Jim Chalmers has indicated that the country will likely avoid a recession but anticipates an inflation hike and increased cost-of-living pressures, with economists predicting further interest rate rises.

Australian Labor heavyweight Bill Kelty has criticized the party's economic ambition, stating that young Australians feel economic policy is rigged against them, prompting questions about Treasurer Jim Chalmers' response.

Australian Treasurer Jim Chalmers suggested that a new low in auction success rates for homes might be beneficial for first-time buyers, as only 54.5% of homes sold on the last Saturday in May.

Australian politician Jim Chalmers is leveraging social media to promote what is described as the most ambitious budget of his career, highlighting the challenge for modern MPs to engage with an online audience.

Australia's Federal Budget for 2026 has been announced, detailing significant cuts to the National Disability Insurance Scheme (NDIS) and introducing reforms to capital gains tax and negative gearing for housing, while also providing a general breakdown of tax money allocation.

Australian Treasurer Jim Chalmers has ruled out extending the fuel excise and downplayed hopes for tax relief, stating that his fifth federal budget will be the "most responsible" yet and play a "helpful not harmful role in fight against inflation."

Australian Treasurer Jim Chalmers is reportedly considering scrapping the Capital Gains Tax discount introduced by the Howard-Costello government.

Treasurer plans ‘ambitious’ changes to target intergenerational inequity. Follow today’s news live Get our breaking news email, free app or daily news podcast Jim Chalmers will today promise to deliver a trio of “ambitious reform packages” in the May budget that will rebuild fiscal buffers, make the tax system fairer, and lift the nation’s lagging productivity performance. In a major speech in Melbourne today, the treasurer will commit to “make hard decisions” in the upcoming budget, amid a...

Australia's Jim Chalmers hints at a concession on the luxury car tax threshold for imports, potentially leading to an EU trade agreement, while far north Queensland prepares for severe weather.