
Australia's Treasurer Chalmers Claims Tax Rates Lower Than Howard Era as RBA Rate Decision Looms
Treasurer Jim Chalmers compares current tax levels to the Howard government while the Reserve Bank prepares to announce its cash rate decision.

Treasurer Jim Chalmers compares current tax levels to the Howard government while the Reserve Bank prepares to announce its cash rate decision.

Treasurer Jim Chalmers said Australians should not have to "carry the can" for decisions made overseas, as the Reserve Bank prepares to hand down its latest cash rate decision.

An Australian senator from the One Nation party has repaid more than $3,300 in disputed taxi expenses, as the country's central bank is expected to raise interest rates to their highest level since 2011.

A beached whale carcass has also prompted shark warnings at a Perth beach as the central bank weighs its highest rate in over a decade.

Australia's rolling news coverage includes Baird's resignation, a shift toward paramedic-led mental health responses in Victoria, and expectations of a Reserve Bank rate rise.

Baird's departure comes as Australia's central bank is expected to raise its cash rate to a 15-year high of 4.6%.

Treasurer Jim Chalmers and Finance Minister Katy Gallagher presented the final budget outcome, citing a roughly $6 billion improvement, as attention turns to a possible Reserve Bank rate move.