Media releases
2025
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.
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