Jim Chalmers 2022

In making the changes to the stage three tax cuts we announced last week the Government did not choose between relief OR reform, we chose relief AND reform.

We chose more relief for middle Australia and better tax reform for our economy.

I acknowledge the Turrbal people, their elders, customs and traditions.

I thank the McKell Institute for getting us together – and all of you for being here.

In a week that’s already taken me to Canberra, Launceston and Melbourne (twice!) –

It’s a real pleasure to have this opportunity to speak with some wonderful people on home turf, including:

JIM CHALMERS:

Today I have released the 2023‑24 Tax Expenditures and Insights Statement.

The Consumer Price Index further moderated to 4.1 per cent in the year to the December quarter 2023, down from 5.4 per cent in the September quarter.

The monthly CPI indicator moderated further to 3.4 per cent in the 12 months to December 2023, down from 4.3 per cent in November.

JIM CHALMERS:

The Albanese Government has appointed the Hon Greg Combet AM as Chair of the Future Fund Board of Guardians for a five‑year term.

Mr Combet has a distinguished career and extensive experience in investment and superannuation, government and the climate and energy transformation.

KIERAN GILBERT:

JIM CHALMERS:

If you’re reading the paper as part of your morning ritual before heading to work or getting home from night shift, you’re one of millions of Australians who will receive a substantial tax cut in 2024.

Whether you’re a nurse, a truckie or a teacher, under Labor’s plan, you’ll get to keep more of what you earn.