Media releases

2025

Commonwealth overrules exclusion clauses for Bondi attack insurance claims

Today, we have declared Sunday’s Bondi attack a terrorist incident for the purposes of the Terrorism and Cyclone Insurance Act 2003, based on advice from relevant agencies and followi

Mandating cash acceptance

We’re delivering on our commitment to mandate cash acceptance for essential purchases by finalising regulations that require fuel and grocery retailers to accept cash from 1 January 2026.

Banning supermarket price gouging to protect Australian shoppers

The Albanese Labor Government has made new regulations to ban supermarket price gouging.

Electric Car Discount review

Joint media release with the Hon Chris Bowen MP, Minister for Climate Change and Energy.

Foreign investment decision

Today I have agreed to the clear recommendation from the Foreign Investment Review Board to not object to Hanwha’s proposal to increase its shareholding in Austal Limited from 9.9 per cen

Backing Tasmania with big investment in Australian Antarctic research

The Albanese Labor Government will expand Australia’s Antarctic Program and create jobs and opportunities in Tasmania.

Helping motorists save at the bowser

We have directed the Australian Competition and Consumer Commission to extend its fuel price monitoring program for an extra five years.

Interest rates decision

Today the independent Reserve Bank of Australia Monetary Policy Board kept interest rates on hold at 3.60 per cent as expected.

ACCC Commissioner appointments

Joint media release with the Hon Andrew Leigh MP; Assistant Minister for Productivity, Competition, Charities and Treasury.

Strengthening trans-Tasman climate and economic collaboration

Australia and New Zealand have agreed to new measures to help unlock the golden economic opportunities of the net zero transformation and streamline and modernise regulation.

Australia–New Zealand 2+2 climate and finance dialogue joint statement

The Hon Nicola Willis, Minister of Finance and Minister for Economic Growth and the Hon Simon Watts, Minister of Climate Change and Minister for Energy, welcomed the Hon Dr Jim&

2+2 Climate and Finance Dialogue with New Zealand

We will travel to New Zealand today to meet our counterparts in Auckland to strengthen climate action, clean energy cooperation and regulatory alignment between Australia and New Zealand.

National accounts September quarter 2025

Today’s National Accounts show an uptick in annual economic growth and a stronger and broader private sector recovery.

Treasurers agree reforms to increase competition and boost productivity

Today, I convened a meeting of state and territory Treasurers to advance key reforms to modernise Australia’s economy.

Instant asset write‑off passes the Senate

Joint media release with the Hon Dr Anne Aly MP, Minister for Small Business, and the Hon Dr Andrew Leigh MP, Assistant Minister for Productivity, Competition, Charities and Treasury.

New digital asset laws to unlock innovation and safeguard investment

The Albanese Government has introduced new legislation to the Parliament to help unlock innovation and protect Australians investing in digital assets.

Release of complete monthly Consumer Price Index

New figures from the Australian Bureau of Statistics showed prices were steady in October but ticked up in annual terms.

Foreign investment decision

Today, I have accepted the very clear and unambiguous recommendation from the Foreign Investment Review Board to block Cosette Australia Holdings Pty Ltd and Cosette Australia Bidco Pty Ltd from ac

IMF endorses Australia’s economic and budget strategy

The International Monetary Fund has today backed Australia’s budget and fiscal strategy at a time of global uncertainty.

Longest run of annual real wages growth in almost a decade

New data released by the Australian Bureau of Statistics shows that annual real wages have now grown for eight consecutive quarters.