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Showing 91 - 100 of 229 results for "Treasurer Jim Chalmers"

Panic selling of SMSF assets 'totally unnecessary'

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... pension phase. These benefits matter more than ever when a second layer of tax is introduced," he said. Treasurer Jim Chalmers said that losses incurred on a super balance, before the new tax becomes legislation, would be able to be brought forward. ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Treasurer Jim Chalmers is remaining steadfast that the Labor government will legislate the 30% tax rate on superannuation balances over $3 million. "We've made that clear that we haven't changed our policy. We announced that policy more than ...

US, China trade truce 'welcome' news for Australia: Chalmers

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
... 30%, while China will cut duties on American goods from 125% to 10%. While welcome news for investors, Treasurer Jim Chalmers said he is not "getting carried away" by the announcement. "It is significant. It's welcome. It's encouraging. But we need to ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... chief executive Mary Delahunty said. Taking on the dual role of assistant treasurer, he was described by treasurer Jim Chalmers as an "absolutely outstanding appointment." "I've already sat down with Daniel Mulino... Overall in the portfolio the ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... sector pension liabilities - "a classic rainy-day fund." But under prime minister Anthony Albanese and treasurer Jim Chalmers, "that model has now been decisively overhauled." With public debt soaring, a housing crisis that's hitting the younger ...

Global economic uncertainty the main priority: Chalmers

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
Freshly re-elected Federal Treasurer Jim Chalmers said the "immediate focus" of the government is tackling global economic uncertainty because of US President Donald Trump's tariffs. Speaking with the ABC after the election win, Chalmers said he is ...

Dutton doubles down on 'super for housing' policy

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... reductions, a tougher stance on immigration and increased spending for healthcare and education. While Treasurer Jim Chalmers' Budget on Tuesday had little mention of policies that would impact superannuation or financial services, Dutton doubled down ...

Labor accelerates defence spending

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... security are increasingly intertwined as we grapple with global risks and the evolving security environment," Treasurer Jim Chalmers said. The government's 2024 National Defence Strategy set in motion a transformation of the Australian Defence Force's ...

Chalmers boosts Help to Buy scheme, construction sector

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers will boost the Help to Buy scheme and revive the drooping housing construction sector in a bid to build more homes faster and tackle housing unaffordability. As part of the Federal Budget, Chalmers is expanding the Help to Buy ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... PEFO over the seven years to 2028-29. The deficit in 2024-25 is almost half what was forecast at PEFO." Treasurer Jim Chalmers announced a raft of spending measures as it prepared to announce the federal election. These include cost-of-living relief ...