Media releases

2023

Statement on the passing of former RBA Governor Robert Alan Johnston AC

The Albanese Government pays its respects to former Reserve Bank Governor Robert Alan Johnston AC who passed away today, aged 98. Bob was a truly great Australian.

Productivity Commission 5-year inquiry

Today the Productivity Commission’s 5-Year Productivity Inquiry is released, as a contribution to the national debate about lifting Australia’s productivity performance.

National Accounts – December quarter 2022

Today’s National Accounts confirms growth in the Australian economy is moderating as expected, with substantial and growing challenges in 2023.

Superannuation tax breaks

The Albanese Government is making Australia’s world‑class superannuation system more sustainable and fairer with one modest change that affects less than 0.5 per cent of all Australians.

Release of Tax Expenditures and Insights Statement

Today I release a revamped Tax Expenditures and Insights Statement with new in

G20 meeting in Bengaluru, India

Today I will depart for the G20 Finance Ministers’ and Central Bank Governors’ Meeting in Bengaluru, India.

Welcome progress on wages growth

The Albanese government welcomes new figures today showing wages growth has picked up even further since the change of government.

Consultation begins on legislating objective of super

The Albanese Government is taking the next step towards legislating an objective for superannuation.

Reserve Bank says energy plan is working

The independent Reserve Bank has today confirmed that the Albanese Government’s energy plan is helping moderate inflation in our economy.

Productivity Commission inquiry to consider universal early education system

The Australian Government is taking the next step in considering how to build an affordable, accessible, high quality, universal early education system.

Making crypto safer for consumers

The Albanese Government is acting to ensure the regulation of crypto assets protects consumers and positions our economy to take advantage of new digital products and services.

IMF backs Australia’s responsible economic plan

The International Monetary Fund has overnight strongly endorsed Australia’s responsible economic management at a time of growing uncertainty for the global economy.

Australia’s AAA credit rating confirmed by S&P

Confirmation of Australia’s AAA credit rating by Standard and Poor’s today backs in the Albanese Government’s responsible economic management in challenging times.

New inflation figures

The latest ABS data shows inflation rose by 7.8 per cent in 2022.

Australia's world-beating jobs growth

Employment growth in the first six months of the Albanese Government is the strongest for a new Australian Government on record.

2022

More Australians can now top-up super from sale of their home

From 1 January, more Australians will benefit from topping-up their super if they sell their home.

Foreign investment penalties to double

Penalties for investors who break foreign investment laws for residential property will double from 1 January 2023.

Gas price cap to take effect

The Albanese Government has today taken action to limit the worst impacts of gas price increases resulting from Russia’s illegal war in Ukraine by applying an emergency, temporary price cap to whol

Members appointed to Economic Inclusion Advisory Committee

The Albanese Labor Government’s new Economic Inclusion Advisory Committee will meet this week to begin its important work in helping to address disadvantage and boost economic participation.

Modernising Australia's financial system

The Albanese Government is delivering reforms to modernise Australia’s financial system, positioning our economy to embrace new economic opportunities and respond to future challenges.