Live: PM confirms he intervened ahead of ATO credit card delay

Labor's senior figures are projecting confidence the party can overcome One Nation's surge, while acknowledging the economic frustrations driving voters towards the populist right.

Prime Minister Anthony Albanese has declared he is not "spooked" by the challenges facing Labor and denied he had sought to soothe the nerves of MPs fearful of a mid-term slump.

Meanwhile, Treasurer Jim Chalmers has warned the federal government cannot simply hope the far right "goes away or implodes", urging progressives not to "mock" or "talk down" to voters attracted to the One Nation message.

Catch up on the story from Clare Armstrong at the link below.

The prime minister has sought to make peace with the business community after his government faced backlash over the tax office's ban on credit card payments.

Following criticism from businesses, the government announced last week it would give the ATO extra funding to ensure it could keep taking credit card payments until July next year.

In a speech last night at an Australian Chamber of Commerce and Industry (ACCI) event, Anthony Albanese revealed he personally intervened in the situation after getting a text message from ACCI chief executive Andrew McKellar.

"My door is always open. Andrew did text me last Thursday morning and by Friday morning we had an announcement," Albanese said.

"That was an example of a relationship that takes time develop as well, that trust."

At the event, McKellar also praised the prime minister for acting quickly to "provide vital breathing space" for small businesses impacted by the ATO's decision.

"Prime minister, to your credit, your door was open, you engaged, you listened," he said.

"We welcome that response and we will use the additional time to work with the tax office now to find a sustainable, long-term solution."

Hello friends. Welcome to our politics live blog.

I'm Courtney Gould from the ABC's Parliament House team, here to guide you through the day.

We're expecting a number of things to be introduced to the parliament today. First, is the government's proposed crackdown on discretionary trusts, followed by the national gas reservation scheme. Resources Minister Madeleine King will then head down to the National Press Club later today.

We also learned more about Labor's move to fund a delay to the ATO's credit card payment ban. More on that very soon.

There's a bit going on so let's jump straight into it.

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