Media releases

2025

Economic Reform Roundtable agenda

Today we are releasing the agenda for the government’s Economic Reform Roundtable.

Headline and underlying inflation fall again

New figures from the ABS show that headline and underlying inflation have both fallen to their lowest rates in almost four years.

Consultation on reforms to non-compete clauses to boost wages and productivity

The Government is taking the next step in reforming non‑compete clauses that are holding back Australian workers from switching to better, higher‑paying jobs.

Consulting on sustainable investment labels

Today the Albanese Labor Government is starting consultation on sustainable investment product labelling, to give investors more confidence to put more capital to work in sustainable products.

More invitations issued to the Economic Reform Roundtable

Today we have issued another round of invitations to the government’s Economic Reform Roundtable.

G20 Finance Ministers and Central Bank Governors meetings

This week I will join international counterparts for the G20 Finance Ministers and Central Bank Governors meetings in Durban, South Africa.

New Meadowbrook Health Centre providing more care, closer to home

The Meadowbrook Health Centre promised during the 2019 federal election and fully funded by the Albanese Labor Government is now open to patients.

RBA Statement on the Conduct of Monetary Policy and Statement of Expectations

Today I am releasing an updated Statement on the Conduct of Monetary Policy (SCMP) and the first Statement of Expectations for the RBA’s Governance Board.

Interest rates decision

Today the independent Reserve Bank left interest rates on hold at 3.85 per cent. It’s not the result millions of Australians were hoping for or what the market was expecting.

Invitations to Economic Reform Roundtable and opening of consultation

Today we’re issuing more invitations to the Government’s Economic Reform Roundtable. The Roundtable is an important opportunity to build consensus for long term economic reform.

Court action regarding 2024 Northern Minerals Disposal Orders

Today I have taken action in the Federal Court of Australia against Indian Ocean International Shipping and Service Company Ltd (Indian Ocean) and its former associate for not comp

Headline and underlying inflation in the bottom half of the band

New figures from the ABS show that headline and underlying inflation are now both in the bottom half of the Reserve Bank of Australia’s target band for the first time since August 2021.

More cost‑of‑living help on the way, a week from today

The Albanese Labor Government is delivering more real, practical and ongoing help with the cost of living for Australians, with more support set to roll out a week from today.

New Secretary to the Treasury

I welcome the Prime Minister’s announcement today that Jenny Wilkinson will serve as the next Secretary to the Treasury and I thank him for the way he has involved and included Katy Galla

National Accounts March quarter 2025

Today’s National Accounts show that our economy continues to grow in the face of substantial economic headwinds at home and abroad.

National Minimum Wage to rise 3.5 per cent following Annual Wage Review

The Fair Work Commission’s Expert Panel today announced the National Minimum Wage and award wages will increase by 3.5 per cent from 1 July 2025, following the 2024–25 Annual Wage Re

Longest period in band on record for monthly inflation

New figures from the ABS show that headline and underlying inflation remained in the Reserve Bank of Australia’s target band in April.

Streamlining and strengthening our foreign investment regime with a new online processing system

The Albanese Government is taking the next step in delivering a streamlined and strengthened foreign investment regime with a new, more efficient and more effective online portal to process applica

Reserve Bank cuts interest rates again

Today the independent Reserve Bank of Australia Monetary Policy Board decided to lower the cash rate again for the second time in three months.

Public consultation on productivity reform priorities

The Albanese Government welcomes the Productivity Commission’s call for submissions on priority reform areas released today.