Jim Chalmers News

10.03 / 21:51

COST Trade Australia scraps 'nuisance' tariffs to remove red tape, lower living costs

SYDNEY (Reuters) — Australia said on Monday it would remove import tariffs on a wide range of goods including toothbrushes, toasters, hand tools and clothing in a bid to eliminate red tape for businesses and bring relief to families battling higher living costs.

22.11 / 14:37

UPS Platform Reddit TikTok social reports Australia rejects Elon Musk's claim that it plans to control access to the internet

An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media

27.11 / 12:13

Digital Google Mobile Apple economy innovations 2020 Australia to amend law to regulate digital payments like Apple, Google Pay

Digital wallets from the likes of Apple, Google and WeChat developer Tencent have exploded in popularity but are not captured by Australian payments law.

26.11 / 16:39

economy Bill Experts recommendations Australia to introduce bill giving central bank experts more sway

SYDNEY (Reuters) — The Australian government will introduce legislation this week that would give the central bank's independent expert members more responsibility for setting interest rates with a new specialist monetary policy board.

05.11 / 02:51

FIVE Reuters country recommendations Australia treasurer wants to name new RBA deputy governor by Dec. 5

SYDNEY (Reuters) — Australia's Treasurer Jim Chalmers said on Sunday he planned to name a new Reserve Bank of Australia deputy governor in the next month, after Michele Bullock vacated the role to take the reins as RBA governor.

29.10 / 23:15

Target Extreme Action band show strain NOT Why Michele Bullock will not call Jim Chalmers’ bluff

It’s extremely convenient for Treasurer Jim Chalmers that Australia’s central bank is in a vulnerable position at present because it means that Reserve Bank governor Michele Bullock will be extremely reluctant to call him out.

26.09 / 02:37

COST Extreme Action economy country Australian Global warming will hit Australian crop yields and GDP, treasurer says

CANBERRA (Reuters) — Australian crop yields could be 4% below current levels by 2063, reducing the country's economic output by A$1.8 billion ($1.2 billion) a year, unless action is taken to mitigate the impact of climate change, Treasurer Jim Chalmers said on Tuesday.

22.09 / 16:59

Lowe's Booking show country reports Australia's government posts $14.2 billion budget surplus after 15 years in the red

Australia’s government has reported a $14.2 billion budget surplus for the last fiscal year

22.09 / 02:09

FIVE economy Healthcare show country Australia posts first budget surplus in 15 years as tax revenues soar

SYDNEY (Reuters) -Australia on Friday recorded a final budget surplus of A$22.1 billion ($14.2 billion) for the year to June 2023, five times earlier estimates, as strong jobs growth and bumper mining profits helped the country post the first surplus in 15 years.

14.09 / 00:01

MET Digital CEO ANZ Haynes The UK answer to the banks’ regulation strangulation problem

Westpac CEO Peter King and Australian Banking Association CEO Anna Bligh met Treasurer Jim Chalmers on Wednesday evening to ask the federal government to implement a new policy the banks are calling the “regulatory grid”.

06.08 / 03:09

UPS Provident Action PwC Deloitte cover ‘Not fit for purpose’: Sweeping response to PwC scandal

Consulting firms caught promoting tax exploitation schemes will be fined up to $780 million, a 100-fold increase, under the Albanese government’s sweeping response to the PwC tax leaks scandal.

24.07 / 04:33

UPS Lowe's FIVE Barrett country Australia's budget surplus set to be nearly five times higher than forecast

By Lewis Jackson

16.07 / 04:49

UPS Lowe's Unemployment global economy Unemployment Rate Australia expects unemployment rate to rise as global economy slows

SYDNEY (Reuters) — Australian Treasurer Jim Chalmers said on Sunday that he expected the nation's jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth.

10.07 / 10:23

UPS Waters Ball Manufacturing ICE Government ‘takes control of gas market’ as code starts up

The gas industry says the federal government is “taking control” of the market with its new mandatory code governing all sales of the fuel on the east coast and must now act to ensure new supply is opened up to head off looming shortfalls.

20.04 / 08:51

Australia Plots Biggest Shake-Up of Central Bank in Decades

SYDNEY—Australia said it would make broad changes to how its central bank operates, in a move that will weaken the governor’s influence over key decisions including interest rates.

17.11 / 09:59

Government Blockchain regulation legislation Aussie treasurer promises crypto regulation next year amid FTX debacle

The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week.

23.09 / 03:09

business Government Blockchain Rushing ‘token mapping’ could hurt Aussie crypto space — Fintech founder

Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government's prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy.

23.08 / 07:17

Ethereum cryptocurrency Bitcoin Cryptocurrency Prices Today August 23: Bitcoin, Ethereum trade in red; Polkadot biggest loser

Major cryptocurrencies traded in the red early on August 23. The global crypto market cap was $1.03 trillion, which is a 0.01 percent increase over the last day.

22.08 / 14:31

cryptocurrency Australia Embarks On Crypto Stocktake Ahead Of Regulation

Australia would be the first country in the world to conduct such an exercise.

22.08 / 13:17

UPS Provident Digital Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation

Australian federal government willimplement a «token mapping» exercise to inform future regulation of the country's crypto assets, laying the groundwork for «determining how crypto assets and related services should be regulated,» according to Bloomberg.

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