Jim Chalmers 2022

Wayne Byres has advised the Governor‑General of his intention to step down as Chair of the Australian Prudential Regulation Authority from 30 October, 2022.

I thank Mr Byres for his outstanding contribution to APRA and his dedicated service to Australia.

He’ll be greatly missed but I wish him well.

JIM CHALMERS, TREASURER:

Today I announce the first wide-ranging review of the setting of monetary policy and the Reserve Bank since the current arrangements were instituted in the 1990s.

Thanks Martin [Parkinson] for that kind introduction and for the opportunity to acknowledge country and the elders, customs and traditions of the Ngunnawal and Ngambri people as we meet today. 

KARL STEFANOVIC, HOST:

CAROLYN EVANS, GRIFFITH UNIVERSITY VICE CHANCELLOR:

Good morning everybody, I'm Carolyn Evans, the Vice Chancellor of Griffith University. Griffith University is delighted to welcome back two of our alumni - the Acting Prime Minister and Treasurer Jim Chalmers and Assistant Minister for Education, Senator Anthony Chisholm.

Thanks very much Jackson, and to John and Chris and all of you for the opportunity to make a contribution to the discussion today.

I’m speaking to you from the lands of the Ngunnawal and Ngambri people – I acknowledge them and I acknowledge the Wurundjeri people where you are gathering.

The Albanese Government has today nominated Ms Catriona Lowe to be a Deputy Chairperson of the Australian Competition and Consumer Commission (ACCC) for a five‑year period starting on 27 January 2023.

Ms Lowe is currently a board member of the Australian Energy Regulator.

Mark Barnaba AM has agreed to serve another year on the Reserve Bank Board at my request.

Mr Barnaba’s current five‑year term as a part‑time member on the Reserve Bank Board is due to expire on 30 August 2022.

The Albanese Government will now extend Mr Barnaba’s term by a year, taking his tenure beyond the finalisation of a wide‑ranging review into the RBA.

I am attending the G20 Finance Ministers and Central Bank Governors Meeting in Indonesia with Reserve Bank Governor Philip Lowe from 15 to 16 July. 

This meeting comes at a crucial time for our region and demonstrates the importance Australia places on our deep friendship and strategic partnership with Indonesia and their G20 presidency. 

ANDREW CLENNELL, HOST:

Let’s bring in Treasurer Jim Chalmers live from Parliament House. Jim Chalmers, thank you for joining us. How high are you expecting the cash rate to go up this year?

JIM CHALMERS, TREASURER: