Jim Chalmers 2022

GREG JENNETT:

JIM CHALMERS:

Australia has recorded a return to annual real wages growth faster than expected, according to the Wage Price Index released by the Australian Bureau of Statistics today.

Real wages growth is back, and ahead of schedule.

These are very welcome and very encouraging numbers but we know people are still under pressure, which is why our cost of living tax cuts are so important.

LARA VELLA:

With the PM and Federal Cabinet in Perth this week, there has been a lot on the agenda in WA, including plans for naval shipbuilding, the arrival of an asylum seeker boat off the coast and tax cuts. For more on this, we are joined this morning by Federal Treasurer Jim Chalmers.

Good morning to you, Treasurer.

MATT TINNEY:

Joining us now live on Sunrise in Perth is Federal Treasurer Jim Chalmers. Treasurer, good morning to you. Who in WA will get a smaller cut than under Scott Morrison's plan?

JIM CHALMERS:

The Australian Competition Tribunal has found the acquisition of Suncorp Bank by ANZ Group Holdings Ltd meets the criteria of the Competition and Consumer Act 2010.

This overturns the August 2023 decision by the Australian Competition & Consumer Commission.

SARAH FERGUSON:

Treasurer, welcome to 7.30.

JIM CHALMERS:

Thanks very much, Sarah.

FERGUSON:

JIM CHALMERS:

International ratings agency S&P has once again reaffirmed Australia’s AAA credit rating, joining the growing group of respected voices endorsing the Government’s responsible economic management.

S&P has praised our strong budget outcomes and endorsed the Government’s budget strategy.

ANDREW CLENNELL:

Jim Chalmers, thanks so much for joining us.

JIM CHALMERS:

Good morning, Andrew.

CLENNELL: