Media releases

Australia will extend tariff relief as part of its support for Ukraine and its people in response to Russia’s brutal full-scale invasion.

Australia has achieved a remarkable improvement in a global ranking of budget positions, according to the latest figures from the International Monetary Fund.

This week I will join my international counterparts for the G20 Finance Ministers’ and Central Bank Governors’ Meeting and the IMF – World Bank 2024 Spring Meetings in Washington DC.

The Albanese Government will reform Australia’s merger rules to boost competition and productivity in our economy.

The Albanese Government is working to boost the construction of rental housing as part of its broad and ambitious plan to build more homes in Australia.

Today we have released the interim report of the Food and Grocery Code of Conduct independent review, commissioned by the Albanese Government.

The Albanese Government will help improve the health of premature babies in Brisbane and Queensland through a $2 million contribution to the Channel Nine Telethon supporting Mater Little Miracles.

The Albanese Labor Government has recommended the Fair Work Commission ensures the real wages of Australia’s low‑paid workers do not go backwards.

The Albanese Government will today introduce legislation to maximise the economic opportunities of cleaner, cheaper and more reliable energy and strengthen Australia’s financial system.

The Albanese Government is taking the next steps to ensure multinational companies pay their fair share of tax.

The Albanese Government will consult on the next component of regulations to improve the certainty and integrity of the Petroleum Resource Rent Tax regime, as recommended in the Gas Transfer Pricin

Today Treasurers agreed to work together to identify possible cost‑of‑living competition reforms that could be progressed through our revamp of National Competition Policy.

The Albanese Government will introduce a financial sector regulatory initiatives grid to make sure the standard business of regulation is carried out in a more coordinated way.

The Albanese Labor Government will abolish almost 500 nuisance tariffs from 1 July this year.

The Albanese Government is consulting on options to improve the superannuation performance test to deliver a dignified retirement for more Australians.

The Albanese Labor Government will continue its historic reform of Paid Parental Leave (PPL) and will pay superannuation on the Government payment from 1 July 2025.

Today’s National Accounts show Australia’s growth is subdued but steady in the face of higher interest rates, high but moderating inflation and ongoing global uncertainty.

Today’s Monthly Consumer Price Index Indicator shows annual inflation of 3.4 per cent in the 12 months to January 2024.

The Albanese Labor Government’s cost‑of‑living tax cuts today passed the Senate.

This week I will join international counterparts in Brazil as part of the G20 Finance Ministers and Central Bank Governors meetings in Sao Paulo.