Media releases

2026

Meeting with Canada’s Minister of Finance and National Revenue

Today I met with Canada’s Minister of Finance and National Revenue, the Honourable François‑Philippe Champagne, to advance our shared commitment to boosting economic resilience, productivity a

National Accounts – December quarter 2025

Today’s National Accounts show strong, broad‑based growth and an ongoing recovery in the private sector.

Inflation steady in January

New figures from the Australian Bureau of Statistics show inflation was steady in January but higher than we’d like and for longer than we’d like.

Strengthening the retirement phase of superannuation

Today, we are releasing the Retirement Reporting Framework and Best Practice Principles for Superannuation Retirement Income Solutions to deliver on our commitment to uplift the retirement phase of

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