Media releases

2024

Consulting on a new Front Door for investors

Today the Albanese Labor Government is starting consultation on the proposed design for a new Front Door for investors with major, transformational investment proposals, to make it simpler to inves

Future Made in Australia legislation passes House of Representatives

The Albanese Labor Government’s Future Made in Australia legislation has today passed the House of Representatives, a major step forward in making the Australian economy more prosperous and resilie

June quarter National Accounts

Today’s National Accounts confirm the Australian economy barely grew in the June quarter.

More help on the way from this month

More cost‑of‑living relief will roll out to more Australians from September. We recognise that people are under the pump and we’re doing something about it.

Consultation begins on new merger notification thresholds

The Albanese Government is consulting on notification thresholds as part of reforms to Australia’s merger rules to boost competition and productivity in our economy.

Monthly inflation moderates to new four‑month low

New figures from the Australian Bureau of Statistic show that the monthly inflation indicator moderated 0.3 percentage points in July and the government’s policies are helping.

Nominations to the World Bank, International Monetary Fund and European Bank for Reconstruction and Development

The Australian Government will nominate Rob Nicholl for appointment as the Executive Director at the World Bank Group, Nghi Luu as the Alternate Executive Director at the International Mo

Next step to revitalise National Competition Policy

Today the Albanese Government and the states and territories are taking the next step to revitalise National Competition Policy (NCP) to make our economy more productive, more dynamic and more comp

Measuring What Matters bolstered by the ABS

Today the ABS has released its first annual Measuring What Matters dashboard, housing Australia’s wellbeing framework established by the Albanese Government.

New laws to strengthen financial system and boost investment in cleaner, cheaper energy pass the Senate

The Albanese Government has today passed legislation through the Senate that will help maximise the economic opportunities of cleaner, cheaper and more reliable energy and strengthen Australia’s fi

Annual real wages continue to grow under Labor

New data released today by the Australian Bureau of Statistics shows annual real wages continue to grow under the Albanese Labor Government.

Appointment to Board of Taxation

The Albanese Government has reappointed Ian Kellock as a part‑time member of the Board of Taxation for a three‑year period.

Reserve Bank decision on interest rates

Today’s welcome decision from the Reserve Bank comes at a time of moderating underlying inflation, market volatility and global economic uncertainty.

Implementing reforms to the Petroleum Resource Rent Tax

The Albanese Government is reforming the Petroleum Resource Rent Tax (PRRT) to deliver a fairer return to the Australian community from their natural resources.

Meeting with ministerial counterparts in the Pacific

Over the next day and a half, I will take part in a series of meetings with Pacific counterparts to strengthen economic and bilateral relations in our region.

Underlying inflation continues to moderate

ABS data released today shows that underlying inflation has moderated, which indicates the momentum of inflationary pressures is downwards, and that headline inflation is in line with the RBA’s for

Strengthening climate collaboration across the Tasman

Australia and New Zealand will work closely together to unlock the vast economic opportunities on offer from the transformation to cleaner and cheaper energy in areas such as low‑carbon liquid fuel

Next step towards merger reform for a more competitive economy

The Albanese Government has released draft legislation to reform Australia’s merger rules and boost competition and productivity in our economy.

Strengthening foreign resident capital gains tax rules

The Albanese Labor Government is making sure foreign residents pay their fair share of tax, advancing important new measures to improve the integrity of the foreign resident capital gains tax rules

Albanese Government backs Pacific banking for stability and prosperity in our region

The Albanese Government is making further investments to help prevent the loss of banking services in the Pacific.