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EXPLAINED: 55 | Rare Historical Photos

The Treasurer has great ideas, but barely a chance to them into action

The Treasurer's upcoming budget will be difficult. So difficult that it’s unlikely to see any reforms to rein in spending or grow revenue .

The New Daily

Crackdown on businesses faking clean energy credentials

Treasurer Jim Chalmers has announced a crackdown on companies over-egging their clean energy credentials as the government boosts investment in renewables.

The New Daily

Coalition, Labor at odds over RBA board appointments

As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.

The New Daily

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Morning Mail: NSW left behind on drug policy, Gorgon carbon capture fail, SpaceX rocket blows up

Queensland’s move to three-strike system for minor drug possession leave NSW isolated; emissions shoot up 50% at huge gas project; Elon Musk says spacecraft test was ‘exciting’

The Guardian - AU

Advice on voice a ‘cynical political tactic’ to confuse voters, Coalition claims – as it happened

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The Guardian - AU

Madonna King: The world has evolved, and that’s why the RBA should too

Jim Chalmers’ in-principle support for the recommendations released in yesterday’s review of the RBA is also welcome.

The New Daily

Reserve Bank to keep close eye on jobs and inflation

The Albanese government will enact the recommendations of a review of the Reserve Bank, to ensure it focuses on full employment and inflation.

AAP

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Reserve Bank revolution: Jim Chalmers reshapes the RBA for the 21st century

The scale of the RBA changes recommended by the review is large – there is an entire section devoted to a year-long implementation process.

The New Daily

Grattan on Friday: The government invited ambit claims for the budget and now it will be judged against them

Budgets are for stakeholders and interest groups like Christmas is for kids. They’re preceded by a multitude of letters to “Santa”, aka the treasurer, in the run-up.

The Conversation

What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments?

A scathing review of the Reserve Bank of Australia is set to deliver a shake-up of the central bank not seen in a generation. Here's what it means for interest rates, your mortgage, and RBA governor Philip Lowe.

ABC News

Afternoon Update: Lowe responds to RBA shake-up; rare solar eclipse in images; and K-pop star dies at 25

RBA governor welcomes review of central bank as treasurer announces all 51 recommendations will be implemented

The Guardian - AU

RBA boss concedes central bank ‘needs to change’

RBA boss Philip Lowe has welcomed the wide-ranging review of the central bank, admitting it "needs to change".

The New Daily

Treasurer appoints two new Reserve Bank board members

Former workplace umpire Iain Ross and corporate director Elana Rubin have been appointed to the board of the Reserve Bank of Australia.

AAP

RBA shake-up promises board representation for workers, with focus on full employment and fighting inflation

Sweeping changes to Reserve Bank of Australia give equal weighting to employment and inflation, and mandate greater transparency

The Guardian - AU

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The New Daily

RBA overhaul to put board members in spotlight

A major overhaul of the Reserve Bank will see a new board for setting interest rates that's more accountable and holds fewer meetings.

The Conversation

Reserve Bank revolution: how Jim Chalmers will recraft the RBA for the 21st century

The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster.

ABC News

Reserve Bank set for biggest overhaul in decades after review calls for more external leaders

The Reserve Bank is set for its biggest overhaul in decades, with a review into the central bank finding it needs major changes to ensure it is "fit for the future".

The Guardian - AU

ACTU will not push for spot on RBA board as review released – as it happened

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The New Daily

Massive overhaul of Reserve Bank to change how rates are set

The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future.

AAP

Reserve Bank renovation to split responsibility

Two separate boards will be responsible for governance and interest rates in a major overhaul in response to a review of the Reserve Bank of Australia.

The Guardian - AU

The stage-three tax cuts are bad economic policy – and a dumb political strategy, too

Does Labor think they will get credit for ‘fiscal responsibility’ from a shameless opposition that implemented the cuts in the first place?

The Guardian - AU

RBA to have separate rate-setting panel but inflation target expected to remain

First full review for decades recommends raft of changes including splitting the board into two to enable more focus on how interest rates are decided

The Conversation

Reserve Bank to have two boards after overhaul by inquiry

The long-awaited independent review of the Reserve Bank commissioned by Treasurer Jim Chalmers will be released on Thursday, with the treasurer already flagging in-principle agreement with all its recommendations.

ABC News

Labor to announce in-principle support for RBA review's recommendations, establish two new boards

Treasurer Jim Chalmers is set to release the highly anticipated review into the Reserve Bank of Australia on Thursday and to announce that the government has given in-principle support to all of its recommended changes.

The New Daily

Raising dire JobSeeker rates looms as a character test for Albanese government

Government faced with growing warnings that not substantially lifting welfare payments in the budget will be to fail a test of its character.

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