Media releases

2026

Higher wages in more industries under Labor

New data released by the ABS today shows that annual nominal wages continue to grow above three per cent under Labor.

Budget to boost productivity and cut regulatory costs by $10 billion

The Albanese Labor Government is delivering a comprehensive package to boost productivity and reduce regulatory costs in this year’s Budget.

More homes and a fair go for first home buyers

Joint media release with the Hon Anthony Albanese MP; Prime Minister; and the Hon Clare O’Neil MP; Minister for Housing, Minister for Homelessness, and Minister for Cities.

A Budget that backs innovation and investment

The Albanese Labor Government is backing business innovation and investment through landmark tax reforms as part of the Budget’s productivity package.

Taking pressure off Australians

The Albanese Labor Government will deliver more cost‑of‑living relief in this Budget to take pressure off Australians, including a new permanent $250 tax offset for workers.

Responsible economic and fiscal management

The Albanese Labor Government is delivering a stronger and more sustainable Budget with smaller deficits, less debt and net policy decisions that improve the bottom line.

Tax reform for workers, businesses and future generations

The Albanese Labor Government is delivering a new round of tax cuts, helping more Australians realise the dream of home ownership and supporting investment and innovation through the most significa

Delivering a Budget focused on resilience and reform

This is a responsible Budget that is all about resilience and reform.It’s all about getting Australians through the global oil shock and building an economy that works for more people.

Strengthening Australia's fuel resilience

The Albanese Labor Government will deliver a major fuel security and price relief package in the Budget, investing $14.8 billion to immediately secure more fuel, strengthen Australia’s supply

Backing small businesses with tax relief

The Albanese Labor Government is backing small businesses as part of our $3.5 billion of new business tax relief to boost investment, increase cash flow and support growth.

Strengthening the Annual Superannuation Performance Test

The Albanese Labor Government is acting to strengthen the annual superannuation performance test.

Reserve Bank decision

Today the independent Reserve Bank Monetary Policy Board increased the cash rate by 25 basis points.

Fairer tax treatment to encourage affordable EVs

Joint media release with the Hon Chris Bowen MP, Minister for Climate Change and Energy

Productivity package to turbocharge construction and businesses across NSW

The Albanese Government is funding reforms to fast‑track approvals and get businesses up and running as quickly as possible in New South Wales.

New inflation figures

New figures from the Australian Bureau of Statistics show that inflation ticked up as expected in the month of March largely because of global pressures.

Engagements with NZ Finance Minister and trans-Tasman businesses on fuel security

Today I’ll host New Zealand Finance Minister Nicola Willis in Brisbane for a bilateral engagement on trade, investment and fuel security.

Regulating cash distribution services

Today the Government is releasing draft legislation to regulate the cash distribution sector to ensure it continues to serve the needs of Australians.

$1,000 instant tax deduction to deliver lower, simpler taxes for 6.2 million workers

Around 6.2 million workers are set to benefit from the Albanese Government’s $1,000 instant tax deduction, with public consultation on draft legislation commencing today.

New Australia-United Kingdom MoU to unlock more investment

Today, Australia and the UK have signed an Investment Partnership to further unlock superannuation and pension capital investment between our countries.

Australia now top three in G20 budget rankings

Joint media release with the Hon Katy Gallagher, Minister for Finance