Australia news live: Albanese says voice referendum an opportunity for unity that will ‘lift up the nation’

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The treasurer, Jim Chalmers, denies Australia's first budget surplus in more than a decade comes at the expense of under-pressure households as the cost of living rises, AAP reports.

Chalmers has confirmed there will be a larger surplus for the 2022/23 financial year than predicted in last month's federal budget.

By getting the budget in much better nick by finding savings ... it actually makes it possible from that much stronger foundation to provide the $15bn of cost-of-living relief that we had in the budget.