Media releases

2025

Fitch reaffirms AAA credit rating

Joint media release with Senator the Hon Katy Gallagher

Productivity Commission inquiry into regional airfares

Today the Albanese Government released the terms of reference for the Productivity Commission Inquiry into key factors that determine regional airfares.

Treasurer inks Australia’s first tax treaty with Ukraine

The Albanese Government has signed Australia’s first ever tax treaty with Ukraine. More two‑way trade is in the interests of both Australia and Ukraine.

Meetings with investors and international counterparts in the US and South Korea

Over the next week I will travel to the United States and South Korea to meet with investors and international counterparts, including as part of G20, IMF and World Bank annual meetings and the Asi

Women and young people among the biggest beneficiaries of LISTO reforms

Our reforms to the low income superannuation tax offset will help deliver a more secure retirement for more than a million Australians, including hundreds of thousands of young people and women.

Reforms to support low-income workers and build a stronger super system

The Albanese Government is delivering more help to low‑income workers and reforming the superannuation system to make it stronger, fairer and more sustainable.

ACCC Commissioner appointment

The Albanese Government has appointed Luke Woodward as a full‑time member of the Australian Competition and Consumer Commission (ACCC) for a five‑year period.

New legislation to ensure super is paid on time

Today, the Albanese Labor Government has introduced legislation to require super to be paid on payday, a reform that will benefit the retirement incomes of millions of Australians.

Call with Indonesian Finance Minister

Today I had my first call with Indonesia’s new Finance Minister Purbaya Yudhi Sadewa, building on the strong and enduring relationship between our two countries.

Another pay rise for our aged care workers

The Albanese Labor Government is today delivering a fourth increase in award wages to the dedicated workers who provide aged care services to older Australians.

S&P reaffirms AAA credit rating

International ratings agency S&P has today reaffirmed Australia’s AAA credit rating.

Interest rates decision

Today the independent Reserve Bank of Australia Monetary Policy Board kept interest rates on hold at 3.60 per cent.

Official signing of First Nations Economic Partnership

Today the Albanese Government has signed the First Nations Economic Partnership.

The biggest Budget improvement in a single Parliamentary term

The Final Budget Outcome for 2024–25 shows the Albanese Labor Government has delivered the largest nominal improvement in the Budget in a single Parliamentary term.

Reappointments to the Competition Review Expert Advisory Panel

The Albanese Government has re‑appointed seven eminent experts to advise the government on our broad and ambitious competition reform agenda.

Productivity Commission Inquiry into 2018 changes to GST distribution

Today we’ve released the terms of reference for the Productivity Commission Inquiry into the 2018 changes to the Goods and Services Tax distribution required under legislation.

Reducing red tape in the tax system

The Government is looking at new ways to cut red tape in the tax system to ease the compliance burden on businesses and make our economy more productive.

Underlying inflation falls again – now in target for ninth consecutive month

Underlying inflation fell in August according to new data from the Australian Bureau of Statistics.

Process underway to appoint new senior leadership of ASIC and APRA

The Albanese Government will be appointing new senior leaders at two of Australia’s most important regulators.

Modelling shows an orderly path to net zero leads to more jobs and investment, higher wages and living standards, and a bigger economy

The Albanese Labor Government’s clear and credible Net Zero Plan will help Australia grasp the jobs and opportunities of the global energy transformation.