Australian news and politics recap: Treasurer Jim Chalmers delivers fourth Federal Budget

Peta Rasdien, Matt Shrivell and Max Corstorphan
The Nightly
Treasurer Jim Chalmers delivers the 2025-26 Federal Budget.
Treasurer Jim Chalmers delivers the 2025-26 Federal Budget. Credit: MICK TSIKAS/AAPIMAGE

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Key Events

Defence dilemma a free kick to combat ready Coalition
The Budget that would make Jim Chalmers prime minister
Tax cuts a modest offering for hurting taxpayers as election looms
Labor defies Trump request for rapid defence spend-up
BUDGET WRAP: Labor pledges tiny tax cuts on election eve as deficits soar
Your five-minute guide to the 2025 Federal Budget
Income boost for aged care, childcare workers
Every household gets $150 for energy bill relief
Two new tax cuts for every taxpayer
The worst is now behind us
Private sector driving growth - soft landing likely
Global headwinds impact Australia’s budget
Five priorities of the Budget
Our ‘economy is turning the corner’
Chalmers is speaking now ....
Chalmers moments away from delivering Federal Budget
Today’s News Worthy podcast takes on influencers and the Budget
Ex-employee referred to police over law firm’s malicious email scandal
Rowing Australia worried Olympic venue won’t comply
TV personality Zempilas confirmed as WA’s new Liberal leader
The big winners from Brisbane’s Olympic venue plan
Alert issued as strong earthquake rocks New Zealand
Brisbane Live venue announced to take place of Gabba
Brisbane showgrounds and Pat Rafter Tennis Centre to get Olympics-style upgrade
Queensland set to become Swimming Australia home with new Olympic facility
Crisafulli says new stadium for 2032 Olympics will deliver lasting legacy
New Olympic Stadium build confirmed as Crisafulli announces 2032 project
Wilkie accuses Labor of ‘political fix’ on Tasmanian salmon farming
Big barrel of waste bobs up on Parliament House lawn
Social media influencers get prized spots in Canberra Budget lockdown
Calm before Budget storm for Albanese, Chalmers, Gallagher
Federal court win staves off potential train strikes
Monique Ryan supporters spotted using public property for election advertising
Trump hints at tariff relief for a ‘lot of countries’
Budget ‘will be a platform for prosperity in a new world of uncertainty’
Matt Shrivell

Queensland set to become Swimming Australia home with new Olympic facility

The ‘sunshine state’ is set to become home to Australia’s powerhouse swimming program after the announcement of a new state-of-the-art facility to be built for the 2032 Olympic Games.

“Olympic and Paralympic swimming holds a special place in the heart of Queenslanders and stirs the passion of emotion amongst our state in the way that few other sports can,” Premier David Crisafulli said.

“There have been incredible options put forward from a concert arena with a drop-in pool to even a drop-in pool at Suncorp Stadium.

“The problems with these is that legacy for swimming disappears after the Games.

“The consequence is no sporting legacy is delivered and that means nothing for our swimmers for tomorrow. No return for our investment for one of the iconic sports of our state.

“Instead, we are excited to announce we will build a new national aquatic centre with a Games capacity of 25,000 people.

“The centre will see a number of Olympic and Paralympic sports move their headquarters up to Brisbane permanently, a real world-class legacy, which will serve these sports for decades to come.

“It will be constructed at Centenary Pool, and that has the backing of diving, artistic swimming, waterpolo and Swimming Australia.”

Matt Shrivell

Crisafulli says new stadium for 2032 Olympics will deliver lasting legacy

QLD Premier David Crisafulli says the choice was clear and the bottom line was even clearer when deciding to build a new stadium for the 2032 Olympic Games in Brisbane.

“It came down to a choice - a choice between the embarrassment of hosting the Games at QSAC or a new stadium at Victoria Park,” Mr Crisafulli said.

“It became a choice between spending billions on temporary facilities and temporary stands that delivered no legacy, or securing the future of AFL and cricket at a new home.

“It became a choice between delivering a Games with an eye to the future or rewinding the clock four decades.

Matt Shrivell

New Olympic Stadium build confirmed as Crisafulli announces 2032 project

Queensland Premier David Crisafulli has announced that the government and Brisbane Olympic Committee will build a new indoor stadium for the 2032 Games.

“The Games must be held at a new stadium at Victoria Park,” Mr Crisafulli said.

“Any other choice would have meant placing the Government’s interests ahead of the interests of Queenslanders.

“We’ve had enough of that in the last few years. And I wasn’t prepared to do that.”

Matt Shrivell

Wilkie accuses Labor of ‘political fix’ on Tasmanian salmon farming

Tasmanian independent MP Andrew Wilkie has accused the government of carrying out an “environmental gerrymander”.

The federal government will introduce an amendment to Australia’s main environmental act on Tuesday - during the last sitting week before an election and hours before it delivers a budget.

“This prime minister is putting harvesting a few votes in the Braddon electorate ahead of the very survival of one of the oldest species on the planet,” he said.

The bill is expected to protect the salmon industry in Macquarie Harbour, part of the Braddon electorate which is held by retiring Liberal MP Gavin Pearce on an eight per cent margin.

But intensive salmon farming has caused oxygen levels to plummet and threatened the Maugean skate, an ancient species of fish that is only found on Tasmania’s west coast.

“It is just such a cynical, political fix,” Mr Wilke said.

Matt Shrivell

Big barrel of waste bobs up on Parliament House lawn

An eight-metre tall barrel of pretend nuclear waste has materialised on the lawn of Parliament House in Canberra as the politicians inside concentrate on the Budget delivery and reply.

The symbolic protest against the Coalition’s proposed nuclear powered sites if they win the 2025 election was erected on Tuesday, hours ahead of Jim Chalmers taking the floor for his Federal Budget speech.

“The Coalition’s nuclear push risks Australia’s economy, energy system and environment,” said Friends of the Earth national nuclear campaigner Dr Jim Green.

“It is a threat to public health and a waste of public funds”.

The big barrel of nuclear waste on the lawn at Parliament House.
The big barrel of nuclear waste on the lawn at Parliament House. Credit: Getty.
Matt Shrivell

Social media influencers get prized spots in Canberra Budget lockdown

Anthony Albanese and the Labor government officals made plenty of room for social media influencers as the media went into Budget lockdown on Tuesday.

The media lockdown in Canberra is a right of passage for hard-hitting political journos and becomes a melting pot for news, views and opinion as the day leads into the Treasurer’s Budget speech.

One interesting admission this year is left-wing social media influencer Hannah Ferguson, who runs Cheek Media.

Hannah Ferguson is heading into the Budget lockdown.
Hannah Ferguson is heading into the Budget lockdown. Credit: Instagram.

Ms Ferguson posted to her 158,000 Instagram followers on Tuesday that “lots of content creators have been invited to attend this budget and receive a briefing” and she would be in the Budget lockdown.

“I need to be in Parliament by 2.30pm to go through security and get ready for the Federal Budget lock up,” she wrote.

Ms Ferguson’s company sells partisan merchandise that reads “good morning to everyone except Peter Dutton”.

Matt Shrivell

Calm before Budget storm for Albanese, Chalmers, Gallagher

Prime Minister Anthony Albanese, Treasurer Jim Chalmers (left) and Finance Minister Katy Gallagher welcomed the media at Parliament House in Canberra earlier as they prepare to deliver the Federal Budget.

Mr Chalmers will announce the Budget will return to deficit after two years of surplus and cost-of-living relief measures for millions of Australians this evening.

In a week where Mr Albanese is expected to announce a date for the federal election, the Labor heavyweights looked relaxed as they discussed strategies for the post Budget onslaught of questioning.

Anthony Albanese and Finance Minister Katy Gallagher discuss the budget with Jim Chalmers (left).
Anthony Albanese and Finance Minister Katy Gallagher discuss the budget with Jim Chalmers (left). Credit: Getty Images
Matt Shrivell

Freeze on beer excise but how much will you save?

An afternoon at the pub is rapidly becoming a luxury with alcohol prices in licenced venues skyrocketing.

The announcement in this evening’s Federal Budget that alcohol sales will have a two-year excise hike freeze imposed may sound exciting for pub-goers, but the move will likely only save drinkers around 10c a beer.

Draught beer attracts an excise rate of $10.57 to $43.49 for every litre of alcohol after the latest increase of 2 to 3 per cent in February.

A pint of full-strength draught beer – with alcohol content of 5 per cent – attracts excise of about $1.

The government expects to collect $2.7 billion in excise this financial year from beer alone.

Matt Shrivell

Federal court win staves off potential train strikes

NSW Premier Chris Minns and his Labor government have had a court victory and now the clock is ticking to find a resolution ahead of more potential worker strikes.

The federal court has dismissed an application from the Electrical Trades Union (ETU) to suspend orders forcing them to delay industrial action.

The Minns government now have until July 1 to negotiate an agreement with the union or risk more train strikes across the broader Sydney basin.

Matt Shrivell

Monique Ryan supporters spotted using public property for election advertising

The Teal incumbent MP for Kooyong, Monique Ryan, is in for another day of scrutiny after her supporters have were spied using public property as a display for her campaign advertising.

On the day after Ms Ryan’s teal-clothed husband had to apologise for removing a large campaign poster of Liberal challenger Amelia Hamer in a suburban Melbourne street, commuters have qestioned the delivery of an advertising campaign in Melbourne.

“I unreservedly apologise for removing the sign,” Peter Jordan said in a statement after the video circulated online on Monday morning showing him being confronted by a Coalition supporter near Burke St, Hawthorn.

“I believed the sign was illegally placed but I should have reported my concerns to council.”

But on Tuesday morning Ms Ryan’s team were out using public property to display her signs at a suburban train station.

Check out the full story here.

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