Jim Chalmers 2022
The Hon Dr Jim Chalmers MP
Treasurer
Underlying inflation falls to three-year low
Underlying inflation is at its lowest in three years according to new figures released by the Australian Bureau of Statistics today.
Headline inflation is now in the mid‑twos and underlying inflation is in the low threes.
This means headline inflation has fallen to an almost four‑year low and now sits in the middle of the RBA’s target band.
Mandatory service standards for the superannuation industry
The Albanese Government is taking action to raise the bar for member service in superannuation by introducing mandatory and enforceable service standards for all large APRA‑regulated superannuation funds.
These reforms are all about strengthening the superannuation system by improving member outcomes.
Interview with Patricia Karvelas, Afternoon Briefing, ABC
Patricia Karvelas:
Treasurer, welcome to Afternoon Briefing. It’s actually our first show for 2025, so an honour to have you on.
Jim Chalmers:
It’s a real honour for me, too, Patricia. Thanks for having me on the show.
Karvelas:
Press conference, Brisbane
Jim Chalmers:
One year ago today the Labor government announced our decision on tax cuts for every Australian taxpayer.
It was a contentious decision at the time, but it was the right call made for the right reasons.
The big call that we made on tax a year ago made sure that every taxpayer got help with the cost of living and not just some.
Opinion piece: Australians earn more and keep more of what they earn with Labor’s tax cuts
Exactly a year ago this Saturday, the Prime Minister and I announced a controversial but important decision to provide every Australian taxpayer a tax cut to help with the cost of living.
One year on and I can say without hesitation that it’s the policy I’m proudest of as Treasurer.
Next steps in streamlining Australia’s financial reporting architecture
The Albanese Government is streamlining Australia’s financial reporting bodies to help build a more competitive, dynamic and productive economy.
Today we are releasing a consultation paper to gather insights and feedback on how we can restructure our financial reporting architecture to make it more efficient, effective and fit for purpose.