Media releases

2026

Wages continue to grow under Labor

New data released by the ABS today shows that annual wages have grown above three per cent for 14 quarters in a row.

IMF lauds Government’s fiscal management

The International Monetary Fund has praised the Albanese Labor Government’s management of the budget and the economy in a new report released today.

Appointment to the Reserve Bank Monetary Policy Board

The Albanese Government has appointed Professor Bruce Preston as a part‑time member of the Reserve Bank of Australia Monetary Policy Board.

New legislation to build a stronger and fairer super system

The Albanese Labor Government today introduced legislation to boost the superannuation savings of low‑income workers and ensure superannuation tax concessions are fairer and more sustainable.

Future Fund continues strong performance under new investment mandate

The Albanese Government welcomes the very strong returns achieved by the Future Fund which saw our sovereign wealth fund grow by almost $30 billion last year.

Reserve Bank decision

Today the independent Reserve Bank Monetary Policy Board increased the cash rate by 25 basis points.

Appointment of new ASIC chair

The Albanese Government will recommend to the Governor‑General that Sarah Court be appointed as the next Chair of the Australian Securities and Investments Commission (ASIC).

Foreign investors penalised for breach of Australian laws

Today the Federal Court of Australia has ordered Indian Ocean International Shipping and Service Company Ltd (Indian Ocean) and Ms Jing Tian to pay $14 million in penalties for breaching

Review of thin capitalisation reforms

We have tasked the Board of Taxation to undertake an independent review of the Albanese Government’s thin capitalisation ref

New inflation figures

New figures from the Australian Bureau of Statistics show inflation has increased but remains much lower than its peak and much lower than we inherited.

Latest data shows record number of Australians in work

Australia’s job market continues to deliver strong outcomes under the Albanese Government, with a record number of people in work, and the unemployment rate remaining low.

Labor’s economic management and reform agenda praised by OECD

The OECD’s survey on Australia released today highlights the recovery in our economy and the Government’s responsible economic management in uncertain times.

Critical minerals the focus of G7+ ministers meetings in the US

Today I will travel to the United States for a series of meetings with international counterparts about critical minerals and the global economy.

2025 Population statement released

Today I have released the Centre for Population’s 2025 Population Statement which provides updated and comprehensive data on Australia’s population.

Inflation lower in November

New figures from the Australian Bureau of Statistics show both headline and underlying inflation fell in annual terms in November.

$38 million in disaster support for North–West Queensland

The Albanese and Crisafulli Governments have today committed an additional $38 million towards large‑scale disaster recovery efforts for flood affected communities across north‑west Queensland

3 Day Guarantee for early learning begins today

From today, Australian children are eligible for three days of subsidised early education and care each week under the Albanese Labor Government’s 3 Day Guarantee.

2025

Community charity status for Jewish Community Foundation

The government has today declared the Jewish Community Foundation, associated with the Jewish Communal Appeal, as a community charity.

The fifth Strategic Economic Dialogue between the People’s Republic of China and Australia

Today, I co‑chaired the fifth Australia‑China Strategic Economic Dialogue with Chairman Zheng Shanjie of China’s National Development and Reform Commission (NDRC).

Consultation on better targeted superannuation concessions changes

Today the Albanese Government is releasing draft legislation on reforms to boost the superannuation savings of low‑income workers and make superannuation tax concessions fairer and more sustainable