STO Well positioned, page-777

Why didn't media ask question regarding gas of Chalmers?
Chalmers talking Tax was at National press club yesterday but I am not sure any question was asked regarding Gas , Santos national security , energy policy etc even though tax is a key component of investment and national security of owning assets and infrastructure not a foreign government. Foreign owner is one thing as that would in a dispute go through normal mediation etc etc but when it is a foreign govt it gets political very quickly .

Resources is mentioned briefly in the answers. Considering Australia is a nation of mining and resources and that is our tax base I find it weird the avoiding of the elephants in the room yet again.

Some of the answers provided and the tone should scare the hell out of investors in Australia with everything from franking , bracket creep , super and CGT etc on the table

Here was Q and A but not speech.
https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/transcripts/national-press-club-address-qa-1

https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/transcripts



https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/transcripts/interview-isabella-higgins-am-abc-radio


So oil is a big issue with inflation - ie energy source and he still not mentioning gas as a resource ?

Isabella Higgins:

Treasurer Jim Chalmers 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 conflict has already had some global financial impacts. In your view, what level of economic threat does this conflict pose?

Jim Chalmers:

The big risk here is obviously oil prices. We saw a big spike on Friday in the price of oil. That has implications for Australians at the petrol bowser. And there’s a lot of concern about what it might mean not just for inflation, as important as that is, but also global growth. If you look at the US Fed, which met overnight to determine the course of interest rates, they left their interest rates on hold for now. They want to see how that uncertainty plays out. But they did revise down their expectations for growth in the American economy. They did revise up their expectations for inflation and unemployment.

I think that’s a bit of a hint of the potential consequences of what we’re seeing in the Middle East. As I said before, it’s a really dangerous time on the ground in the Middle East, but also a dangerous time for the global economy. And I think a lot of people, including us, are alive to those risks. So, I get briefed daily on the consequences for our economy and the global economy from what we’re seeing in the Middle East.