Media releases


Changes to protect consumers following Optus data breach

The Albanese Government has prepared amendments to the Telecommunications Regulations 2021 to better protect Australians following the Optus data breach.

International corporate tax reforms - consultations

The Albanese Government has opened consultations on international corporate tax reforms as part of its commitment to ensuring multinationals pay their fair share of tax.

Responding to the challenge of de-banking

The Albanese Government welcomes the Council of Financial Regulators’ paper on potential policy responses to address the problem of de‑banking in Australia.

European Bank for Reconstruction and Development nomination

Today I announce Ms Katherine Tuck has been nominated as the full‑time Director to the European Bank for Reconstruction and Development (EBRD) commencing from 16 January 2023 to 31 July 2024.

Work commences on Employment White Paper

The Albanese Government has today released the terms of reference for the Employment White Paper that will guide the future of Australia’s skills and labour market.

Final Budget Outcome 2021-22

The Final Budget Outcome for 2021-22 shows an improved Budget position last y

Proposed community bank mergers

Today I am announcing my approval of two proposed mergers of customer‑owned community banks under the Financial Sector (Shareholdings) Act 1998, the Financial Sector (Transfer and Rest

October Budget to fund childcare price inquiry

The Albanese Labor Government will launch a 12-month inquiry into the rising cost of childcare in Australia starting in early 2023.

Strengthening economic cooperation with Indonesia

Today I met with Indonesian Finance Minister Sri Mulyani Indrawati to sign a Memorandum of Understanding (MoU) that strengthens the economic cooperation between our two countries.

National Accounts - June Quarter 2022

Today’s National Accounts reflect an economy rebounding from the disruption of the pandemic but held back by capacity constraints, skills shortages, and declining real wages.

Outcomes of the Jobs and Skills Summit

The Jobs and Skills Summit has brought Australians together to agree on immediate actions to help build a stronger economy and a stronger Australia.

Exposure draft legislation: Small business tax incentives

Draft legislation released today will introduce two tax incentives that support small businesses to train and upskill employees, and improve their digital and tech capacity.

Work underway on crypto asset reforms

The Albanese Government will improve the way Australia’s regulatory system manages crypto assets, to keep up with developments and provide greater protections for consumers.

Commonwealth Grants Commission appointments

The Albanese Government has today appointed Professor Anne Tiernan and Dr Angela Jackson as part‑time members of the Commonwealth Grants Commission, each for a five‑year period.

Stronger wages growth but still short of inflation

ABS data released today shows the Wage Price Index rising 2.6 per cent in the year to June. We are pleased to see wages growth picking up, but it is still well short of inflation.

Release of Jobs and Skills Summit issues paper

The Albanese Government has today released an issues paper in preparation for the Jobs and Skills Summit.

Public consultation begins on Multinational Tax Integrity and Transparency

The Albanese Government has released a discussion paper for public consultation on our election commitment to ensure that multinationals pay their fair share.

RBA interest rates decision

Today’s Reserve Bank decision to increase interest rates by half a percentage point is more difficult news for Australians with a mortgage.

New data confirms inflation is high and rising

New numbers show inflation has increased 6.1 per cent over the past year and highlight the difficult circumstances facing Australian workers and families.

Electric Car Discount Bill introduced to Parliament

Today, the Government has introduced the Treasury Laws Amendment (Electric Car Discount) Bill 2022 into Parliament.