CANBERRA, ACT, July 8 -- The Treasurer of Australia issued the following transcript: Note Subjects: Reserve Bank interest rate decision, Reform Roundtable, wages policies, US tariffs, global uncertainty, diplomatic relationship with China Jim Chalmers: Today as you know the Reserve Bank left interest rates on hold. This is not the outcome that millions of Australians were hoping for or the outcome that economists or the market was expecting. I don't second‑guess decisions taken indep...
BRISBANE, Queensland, July 8 -- Queensland Police Service issued the following media release: Queensland Police Service (QPS) has proudly commenced NAIDOC Week 2025 with a flag-raising ceremony and cultural performance at Police Headquarters. The ceremony brought together police, staff, Elders and community members to reflect on the strength, vision and legacy of Queensland's First Nations communities. This year's NAIDOC Week theme: 'The Next Generation: Strength, vision and legacy' speaks to...
CANBERRA, ACT, July 8 -- Australian Federal Police issued the following media release: A Vietnam-born man has been sentenced in Perth Magistrates Court after pleading guilty to 18 offences related to failing to comply with his visa-mandated monitoring conditions. The man, 35, was sentenced on 4 July, 2025, to 12 months' imprisonment, backdated 66 days to reflect the time already spent in custody, and was released on a recognisance order. The AFP charged the man on 28 March, 2025, with 10 coun...
CANBERRA, ACT, July 8 -- The Treasurer of Australia issued the following media release: Today the independent Reserve Bank left interest rates on hold at 3.85percent. It's not the result millions of Australians were hoping for or what the market was expecting. We have made substantial and sustained progress on inflation which is why interest rates have already been cut twice in fivemonths this year. We've seen elsewhere that when central banks cut rates, they don't always cut at every meetin...
SYDNEY, July 8 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) has begun consulting on proposed changes to its bank prudential and reporting frameworks to phase out Additional Tier 1 (AT1) capital instruments. A consultation paper, draft prudential standards, draft reporting standards, and draft prudential practice guides are available on the APRA website at: Improving the effectiveness of Additional Tier 1...
CANBERRA, ACT, June 19 -- The Treasurer of Australia issued the following transcript: Note Subjects: economic roundtable, oil prices, superannuation tax reforms Isabella Higgins: Treasurer JimChalmers has outlined his ambition to implement bold tax reforms. In a major speech, he declared he didn't want to engage in a rule‑in‑rule‑out game. He says everything is on the table ahead of a key economic roundtable in August. He joined me a short time ago. Treasurer, this conflic...
CANBERRA, ACT, June 18 -- The Treasurer of Australia issued the following transcript: Note Subjects: support for Australians leaving the MiddleEast, Prime Minister G7 meetings, Treasurer's National Press Club address SallySara: Rising tension between Israel and Iran is seeing a growing number of Australians reaching out for help to leave the MiddleEast as the escalating conflict also fuels concerns about potential worldwide economic impacts. Meanwhile, in Canberra, the Treasurer is preparin...
CANBERRA, ACT, June 18 -- The Treasurer of Australia issued the following transcript: Note Subjects: reform roundtable, economic reform, tax reform, economic resilience, budget sustainability, productivity, defence spending Tom Connell: Thank you, Treasurer. I'm going to keep this broad, lest I be accused of ruling in, ruling out. So, if you think of how bold you're willing to be. When we think of economic reform, the truly transformative reform is always, at the time at least, somewhat cont...
CANBERRA, ACT, June 18 -- The Treasurer of Australia issued the following transcript: Note Subjects: 2025 election, productivity, progressive patriotism, global uncertainty, reform roundtable, net zero transition MarkKenny: G'day there and welcome to Democracy Sausage from the Australian National University. I'm MarkKenny director of ANU's Australian Studies Institute and I'm delighted to welcome back to Democracy Sausage federal Treasurer, JimChalmers. G'day there Jim. JimChalmers: It's n...
CANBERRA, ACT, June 18 -- The Treasurer of Australia issued the following transcript: Note Subjects: Middle East conflict, economic reform and productivity agenda, budget sustainability, defence spending MichelleGrattan: Treasurer JimChalmers has declared improving Australia's dismal progress on productivity is at the top of his priorities for Labor's second term, but addressing the National Press Club on Wednesday, it was clear that his ambitions for economic reform are wide, much wider tha...