Jim Chalmers 2022

Peter Stefanovic:

Treasurer, thanks for your time this morning. Looks like we’re matching. Hey, how about that? So, good news for homeowners.

Jim Chalmers:

Not for the first time, Pete.

Stefanovic:

Karl Stefanovic:

Treasurer, do you – thanks for joining us by the way. Do you take any responsibility at all for the majority of Australians being poorer and having lower living standards now?

Jim Chalmers:

Denham Hitchcock:

Jim Chalmers joins us from Canberra tonight. Treasurer, thanks for your time. Gee, you must have been happy when you got that news.

Jim Chalmers:

Patricia Karvelas:

Returning to the Reserve Bank’s decision to cut rates, I want to bring in the Treasurer, Jim Chalmers. Treasurer, welcome to the program.

Jim Chalmers:

Thanks, Patricia.

Karvelas:

Jim Chalmers:

Today the independent Reserve Bank of Australia Monetary Policy Board lowered the cash rate for the third time in six months.

This quarter of a percentage point cut brings the cash rate to 3.60 per cent, its lowest level in more than two years.

This is very welcome relief for millions of Australians.

The government is taking the next step in reforming and improving the retirement phase of superannuation to help deliver a more dignified retirement for more Australians.

Today we are releasing 2 consultation papers on 2 key planks of our retirement phase reforms to help ensure Australians have the choice, guidance and products they need to make the most of retirement.

Today we have released three issues papers ahead of the Albanese Government’s Economic Reform Roundtable from 19–21 August.

The Roundtable is all about building consensus around reforms, the issues papers do the problem definition.

Sarah Ferguson:

Treasurer Jim Chalmers joins me now. Treasurer, welcome to the programme.

Jim Chalmers:

Thanks very much, Sarah.

Ferguson:

Clearly, regulation is one of the early fault lines in this debate. But first of all, can you regulate a technology that is evolving so fast?

At today’s Investor Roundtable I released the Council of Financial Regulators’ (CFR) review into small and medium‑sized bank competition and the government’s response to the review.

This review looked into ways to help create a more dynamic, diverse and resilient Australian banking sector.