Media releases

2024

New tool to streamline and better coordinate financial sector regulation

The Albanese Government has today released a new tool to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.

World-first data asset to improve outcomes for people with disability

Australia will now have a clearer research picture of people with disability aimed at improving their life outcomes, with the release of the first data from the National Disability Data&n

Public Country by Country reporting jurisdictions now settled

Today, the Albanese Government’s determination of specified jurisdictions for Australia’s world leading Public Country by Country tax transparency regime has been published on the

Mandatory Food and Grocery Code of Conduct established in law

The Albanese Labor Government has made the Food and Grocery Code of Conduct mandatory, protecting farmers and everyday Australians at the supermarket checkout.

ACCC Federal Court action against NDIS and Aged Care provider

The Minister for the NDIS the Hon Bill Shorten MP and Assistant Minister for Competition, Charities and Treasury, Dr Andrew Leigh MP today welcomed strong action by th

CHOICE supermarkets report focuses on Christmas staples

The third Albanese Government‑funded CHOICE quarterly report into supermarket prices has been released today, giving consumers pricing info

And the OSCA goes to… Australia’s resilient labour market

The Albanese Government’s responsible economic management has ensured the labour market has been resilient in the face of global and domestic pressures.

Proposals to improve transparency of the true owners of unlisted companies

The Albanese Government has released proposals for the first phase of our commitment to improve information on the beneficial ownership of unlisted companies.

Supporting philanthropic giving

The Albanese Government is making it easier for Australians to support causes close to their hearts by reforming the tax deductibility of donations and how philanthropic funds operate.

Measuring the contribution of unpaid care in Australia

Australia’s 3 million unpaid carers deserve to be seen and deserve to be valued.

Liberals and Nationals running a protection racket for big supermarkets

The Albanese Labor Government has today passed the Fairer for Families And Farmers Bill to get Australians a better deal at the checkout and back our hardworking farmers who supply to our supermark

Multinational tax transparency, Buy Now Pay Later and philanthropic laws pass Parliament

The Albanese Labor Government has passed legislation that will hold large multinationals to account on their tax affairs, protect Australians who use Buy Now Pay Later (BNPL) services and support t

Biggest reforms to merger settings in half a century pass the Senate

The Government has today passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 through the Senate.

Government welcomes blueprint for the not‑for‑profit sector

The Albanese Government is committed to being a partner to Australia’s charities and not‑for‑profits.

New mandatory Food and Grocery Code for supermarkets to include multi-million dollar penalties

The Albanese Government is ensuring that supermarkets will face multi‑million‑dollar penalties for harmful breaches of the Food and Grocery Code of Conduct.

Minimum tax for multinationals passes the Senate

The Albanese Government has passed legislation through the Senate to help ensure multinationals pay their fair share of tax in Australia.

Government acting swiftly on Commonwealth surcharges

The Albanese Labor Government will stop passing on debit surcharges from the ATO and Services Australia to make sure these everyday payments don’t cost Australians more from 1 January 2025.

Appointment – Part-time members Australian Competition Tribunal

The Albanese Government has reappointed Ms Diana Eilert and Dr Jill Walker as part‑time members to the Australian Competition Tribunal (the Tribunal) for a five‑year period.

Historic mergers reform passes House of Representatives

The Government has passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 through the House of Representatives.

Consultation on enhanced tax transparency for crypto transactions

The Government has released a consultation paper on Australia’s implementation of the OECD‑developed Crypto Asset Reporting Framework and associated amendments to the Common Reporting Standard.