Jim Chalmers 2022

Today I have released the 2025–26 Tax Expenditures and Insights Statement.

This annual statement details how features of our tax system affect individuals, businesses and other entities, as well as the pressures they place on the budget.

Sabra Lane:

Today, we have declared Sunday’s Bondi attack a terrorist incident for the purposes of the Terrorism and Cyclone Insurance Act 2003, based on advice from relevant agencies and following consultation with the Minister for Home Affairs.

This will ensure businesses can lodge insurance claims related to the Bondi terrorist attack.

Andrew Clennell:

Joining me live from his electorate is the Treasurer, Jim Chalmers. Thanks for your time, Jim Chalmers. Let’s start with the fact that your counterpart won’t be here when you deliver this statement next week; he’s in the US. Are you surprised by this?

Jim Chalmers:

We’re delivering on our commitment to mandate cash acceptance for essential purchases by finalising regulations that require fuel and grocery retailers to accept cash from 1 January 2026.

We’re making it mandatory for businesses to accept cash when they sell these essential items.

The Albanese Labor Government has made new regulations to ban supermarket price gouging.

We’re cracking down on supermarket price gouging to help Australians get a better deal at the checkout.

This is all about getting a fairer go for families in their weekly shop.