Jim Chalmers 2022

JOURNALIST:

$3 million, why that threshold if you're talking about budget prudence? 2 million seems like you're still doing pretty well in super, 1.5. Why not lower it and get more money?

JIM CHALMERS:

KARL STEFANOVIC:

Treasurer, good morning to you.

JIM CHALMERS:

Good morning, Karl.

STEFANOVIC:

Before the last election you vowed to bring integrity back to politics. How much integrity is there in a broken election promise?

CHALMERS:

MICHAEL ROWLAND:

Treasurer, good morning to you.

JIM CHALMERS:

Good morning Michael.

ROWLAND:

You only started this conversation about super concessions a week ago. It was a very short chat. Why did Federal Cabinet move so quickly today to bring in these changes?

CHALMERS:

Today’s National Accounts confirms growth in the Australian economy is moderating as expected, with substantial and growing challenges in 2023.

This is an inevitable consequence of a global economic slowdown, high inflation, rising interest rates and an international energy crisis.

SARAH FERGUSON:

Treasurer, welcome to the program.

JIM CHALMERS:

Thanks very much, Sarah.

FERGUSON:

When is a broken promise, not a broken promise?

CHALMERS:

What we're proposing tonight, Sarah, is a modest but important change to the superannuation tax concessions -

ANTHONY ALBANESE: 

The Albanese Government is making Australia’s world‑class superannuation system more sustainable and fairer with one modest change that affects less than 0.5 per cent of all Australians.

Today I release a revamped Tax Expenditures and Insights Statement with new information on concessions, credits, deductions and other features of Australia’s tax system.

ANDREW CLENNELL:

The Treasurer, in India for the G20 meeting of Finance Ministers and Central Bank Governors is travelling with Philip Lowe. We started on the superannuation debate, and I asked him whether higher taxes for people with more than three million dollars in their superannuation funds are on the table.

JIM CHALMERS:

TANVIR GILL: