Jim Chalmers 2022

JIM CHALMERS:

I'm looking forward to a discussion with the state and territory treasurers to help frame up some of the issues for National Cabinet. Our instinct, our inclination is to work with the states and territories as constructively as we can, where that's possible, where that's affordable and where that's responsible.

JIM CHALMERS:

PATRICIA KARVELAS:

Jim Chalmers is the Treasurer and he joins us this morning. Treasurer, welcome back to the show.

JIM CHALMERS:

Thanks very much, Patricia and a big shout out to the mighty Brisbane Lions women playing in the Grand Final on the weekend.

KARVELAS:

Today’s Monthly Consumer Price Index Indicator shows inflation moderated to 4.9 per cent in the 12 months to October, down from 5.6 per cent in September.

This is a substantial moderation and much better than the market expected.

Monthly inflation is much lower than the 6.1 per cent we inherited at the time of the election last year.

Thank you to the Prime Minister and the Opposition Leader for wonderful, heartfelt tributes which do great justice to the life of a great man.

But thanks in particular to Dallas, Georgina, Ingrid and Kirk for the loving and indispensable role you played in Bill Hayden’s immense contribution to his community and our country.

The Albanese Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.

Mr Hauser brings international expertise in macroeconomics, markets and central banking operations from his distinguished career spanning over 30 years at the Bank of England.

The Albanese Government will this week introduce legislation to Parliament to reform, strengthen and modernise the Reserve Bank of Australia (RBA).

The Albanese Government will restructure the nation’s financial reporting bodies to make them more efficient, effective and fit for purpose, including to assist Australia in implementing new climate and sustainability standards.

Resilience and risk

Thank you Tony, the HSBC team, and Ticky Fullerton for a really welcome opportunity to address you all at this Asia Pacific Board Summit on Gadigal country, and here at the NSW Art Gallery in Sydney.

This a serious crowd and HSBC is a major player –

The Albanese Government is reviewing merger rules and processes to ensure they support competitive markets, economic dynamism, and better outcomes for the Australian people.