Media releases

2025

Foreign Investment Review Board member reappointed

The Albanese Government has reappointed Steven Skala AO as a part‑time member to the Foreign Investment Review Board (FIRB) for a one‑year period.

Joint statement from Treasurers on road user charging

The rapid development of electric vehicle technology is transforming the outlook for both passenger and freight transport, and policies at all levels of government will need to evolve to seize the

Treasurers advance economic reforms to boost productivity

Today, I met with state and territory Treasurers to advance key economic reforms following the Albanese Government’s Roundtable last month.

Regulatory reform to reduce red tape and ease burden on businesses

Today we’re releasing letters from 38 Commonwealth regulators containing more than 400 ideas to reduce regulatory burden and support productivity growth in our economy.

Reforms to modernise Australia’s payments system pass the Senate

The Albanese Labor Government has today passed the Treasury Laws Amendment (Payments System Modernisation) Bill 2025 through the Senate, to make sure Australia’s payments system delivers for our mo

National Accounts June quarter 2025

Today’s National Accounts show Australia’s economy is gathering momentum in the face of global economic uncertainty.

Australia and New Zealand deepen economic ties by addressing new regulatory challenges

Australia and New Zealand will work together to improve and modernise regulation and reduce unnecessary compliance burdens, including those that are acting as barriers to achieving net zero targets

Investor Front Door officially open

The Albanese Labor Government’s Investor Front Door is now open with the start of a new pilot from today.

Another 500 nuisance tariffs slashed to cut costs and boost productivity

The Albanese Government will abolish another 500 nuisance tariffs.

Headline and underlying inflation below three per cent for eight months in a row

New figures from the Australian Bureau of Statistics show headline and underlying inflation ticked up in July but were still well within the Reserve Bank’s target band.

Strongest annual real wages growth in five years

New data released by the Australian Bureau of Statistics shows that annual real wages have now grown for seven consecutive quarters under the Albanese Labor Government.

Reserve Bank cuts interest rates a third time

Today the independent Reserve Bank of Australia Monetary Policy Board lowered the cash rate for the third time in six months.

Consultation on reforms to the retirement phase of superannuation

The government is taking the next step in reforming and improving the retirement phase of superannuation to help deliver a more dignified retirement for more Australians.

Issues papers released ahead of Economic Reform Roundtable

Today we have released three issues papers ahead of the Albanese Government’s Economic Reform Roundtable from 19–21 August.

Response to the Council of Financial Regulators Small and Medium Banks Review

At today’s Investor Roundtable I released the Council of Financial Regulators’ (CFR) review into small and medium‑sized bank competition and the government’s response to the review.

Session‑specific invitations issued to the Economic Reform Roundtable

Today we have issued more invitations to the Government’s Economic Reform Roundtable, this time for specific sessions of the agenda.

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.