Media releases

2023

Productivity Commission inquiry to consider universal early education system

The Australian Government is taking the next step in considering how to build an affordable, accessible, high quality, universal early education system.

Making crypto safer for consumers

The Albanese Government is acting to ensure the regulation of crypto assets protects consumers and positions our economy to take advantage of new digital products and services.

IMF backs Australia’s responsible economic plan

The International Monetary Fund has overnight strongly endorsed Australia’s responsible economic management at a time of growing uncertainty for the global economy.

Australia’s AAA credit rating confirmed by S&P

Confirmation of Australia’s AAA credit rating by Standard and Poor’s today backs in the Albanese Government’s responsible economic management in challenging times.

New inflation figures

The latest ABS data shows inflation rose by 7.8 per cent in 2022.

Australia's world-beating jobs growth

Employment growth in the first six months of the Albanese Government is the strongest for a new Australian Government on record.

2022

More Australians can now top-up super from sale of their home

From 1 January, more Australians will benefit from topping-up their super if they sell their home.

Foreign investment penalties to double

Penalties for investors who break foreign investment laws for residential property will double from 1 January 2023.

Gas price cap to take effect

The Albanese Government has today taken action to limit the worst impacts of gas price increases resulting from Russia’s illegal war in Ukraine by applying an emergency, temporary price cap to whol

Members appointed to Economic Inclusion Advisory Committee

The Albanese Labor Government’s new Economic Inclusion Advisory Committee will meet this week to begin its important work in helping to address disadvantage and boost economic participation.

Modernising Australia's financial system

The Albanese Government is delivering reforms to modernise Australia’s financial system, positioning our economy to embrace new economic opportunities and respond to future challenges.

More transparency and more investment in cleaner and cheaper energy

The Albanese Government will deliver reforms to ensure Australia can grasp the economic opportunities from more investment in cleaner, cheaper and more reliable energy, and manage the financial

Responsible and meaningful action on gas prices

The Albanese Government is taking action to limit the worst impacts of the forecast gas price increases in order to protect Australian households, industry and manufacturers, save jobs, and ensu

National Accounts ­- September Quarter 2022

Today’s National Accounts show the Australian economy performing solidly in the face of steep headwinds from overseas as well as considerable and compounding pressures on Australian families and bu

Australia’s AAA rating reaffirmed following October Budget

Australia’s AAA credit rating has been reaffirmed by Fitch Ratings following the October Budget, highlighting the Albanese Government’s responsible economic management.

Tax cut for electric vehicles passes Parliament

The Albanese Government has delivered on our election commitment to make electric vehicles more affordable for more Australians.

Expert committee to advise on tackling disadvantage and boosting economic inclusion

The Albanese Labor Government will continue its positive agenda to boost economic inclusion and tackle disadvantage by establishing an Economic Inclusion Advisory Committee.

Anna Hughes appointed to lead Office of Financial Management

South Australia's Deputy Under Treasurer and former finance executive Anna Hughes has been appointed Chief Executive Officer of the Australian Office of Financial Management – the first woman to le

Appointment to Financial Reporting Council

The Albanese Government has today appointed Ms Emma Herd as a part‑time member of the Financial Reporting Council (FRC) for a three‑year period, bringing valuable climate and sustainability experti

A welcome pick-up in wages, but more work to be done

The Albanese Government welcomes new figures today showing wages growing at their fastest pace in more than 9 years.