Australia news live: China lifts trade restrictions on hay as relationship improves; crane collapses at new Sydney fish market site
Trade minister Don Farrell welcomes positive step forward' but says Australia pressing for all remaining restrictions to be lifted. Follow the day's news live
Chalmers also declared the government is not currently contemplating" a fuel subsidy, as prices continue to rise.
It comes after new data released yesterday showed cost of living is still increasing, with fuel costs jumping 9.1% in August, gas up 12.9% and electricity 12.7%.
It's not something that we are currently contemplating. And one of the reasons for that is we've got I think, a much better way of providing cost of living help for people.
Historically, what the Reserve Bank tries to do is to understand the overall direction of travel.
And the direction of travel has been really clear, inflation is moderating overall, we'll get these bumpy and lumpy figures month to month from time to time, but it's moderating overall.
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