Jim Chalmers 2022

KIERAN GILBERT:

NATALIE BARR:

Joining us now is the Treasurer Jim Chalmers. Good morning to you. Jim, should Immigration Minister Andrew Giles and Home Affairs Minister Clare O'Neil keep their jobs over this?

JIM CHALMERS:

KARL STEFANOVIC:

PATRICIA KARVELAS:

Treasurer, welcome to the program.

JIM CHALMERS:

Thanks very much, Patricia.

KARVELAS:

Can you provide an example of a risky project that's not in Australia's national interest? I mean for people listening what do these changes mean?

CHALMERS:

PETER STEFANOVIC:

Overseas investors with a proven track record will receive accelerated approvals under a revamp designed to lure foreign capital into Australian shores.

Joining us live is the Treasurer, Jim Chalmers. Treasurer, good to see you this morning. Thanks for your time. So who will be getting the rails run here on foreign investment?

This month’s Budget is all about addressing inflation and cost‑of‑living pressures in the here‑and‑now, at the same time as we build a more productive, dynamic and resilient economy.

To do this, we need to better attract and facilitate and deploy the right kind of investment.

For tens of thousands of years, the Gadigal people cared for the country we meet on today. We acknowledge their elders, customs, traditions, and all First Nations people here.

Michael, thank you. For the invitation, the introduction, for hosting us, for your leadership, and your friendship which I can hardly believe now spans almost 2 decades.

SARAH FERGUSON:

Treasurer Jim Chalmers is giving a speech tomorrow reframing Australia's economic policy as a national security issue with new rules about foreign investment at the centre. I spoke to him earlier. Treasurer, welcome to 7.30.

JIM CHALMERS:

Thanks very much, Sarah.

FERGUSON:

Australia can be a primary beneficiary of the churn and change in the global economy, but only if we make ourselves indispensable to the net zero transformation and only if we align our economic and security interests more tightly.

MICHAEL ROWLAND:

Treasurer, a very good morning to you.

JIM CHALMERS:

Morning, Michael.

ROWLAND:

So are these foreign investment changes all about restricting access to Australian projects, the countries that wish to do Australia harm?

CHALMERS: