Australia news live: Chalmers reveals energy bill relief package for ‘about five-and-a-half million households’

Treasurer Jim Chalmers has flagged five million Australian households and one million Australian businesses will receive up to $500 to help cover rising energy bills.

Under the proposed package of measures, pensioners, small businesses and people on government payments will have their electricity subsidised by the government.

But the amounts on offer will vary depending on where a person lives, as the federal government had to negotiate with each…