After months of talks, the Coalition has walked away from a key reform to the Reserve Bank. But Jim Chalmers may win support from the Greens.
Treasurer Jim Chalmers may drive through the biggest overhaul of the Reserve Bank in a generation with support from the Greens after the Coalition walked away from months of negotiations and concessions aimed at winning bipartisan approval for the changes.
He said the Coalition would not support any changes to the bank structure, even if they were in line with what it wanted.“There’s been no lack of clarity about what we expected from the start, and sadly, the government having brought forward legislation that doesn’t get to where we need it to, and having spent the last week or so out there bagging the Reserve Bank, I think it’s time to move on,” he said.
“We’ve not been seriously negotiating with the Greens on it, and that’s because I’ve expressed a view and a preference that this be a bipartisan outcome with the major governing parties,” he said.“I think that’s in the country’s interests. I think it’s in the national economic interest that there be bipartisanship between the major parties.
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