Australia news live: Ben Roberts-Smith reports to police station on bail; Chalmers unveils plan for $1,000 instant tax deductions

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Meanwhile treasurer warns of ‘big risks’ to inflation and growth as global oil price jumps again. Follow today’s news live

Treasurer says capital gains changes and other tax reform still under consideration

Sticking with the budget, Chalmers said the government hasn’t made any decisions on capital gains tax reform.

We haven’t taken any decisions on those policies, whether the specific ones you mentioned [or others].

There’s more work to do on our options for tax reform in this budget.

The savings package won’t be exactly the same as what we would have been contemplating over the summer, but it will be a substantial savings package.

When we came to office the NDIS was out of control and it had strayed a long way from its original intended purpose.

It was growing around 22% when we got to office.

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