Media releases
2022
National Accounts - September Quarter 2022
Today’s National Accounts show the Australian economy performing solidly in the face of steep headwinds from overseas as well as considerable and compounding pressures on Australian families and bu
Australia’s AAA rating reaffirmed following October Budget
Australia’s AAA credit rating has been reaffirmed by Fitch Ratings following the October Budget, highlighting the Albanese Government’s responsible economic management.
Tax cut for electric vehicles passes Parliament
The Albanese Government has delivered on our election commitment to make electric vehicles more affordable for more Australians.
Expert committee to advise on tackling disadvantage and boosting economic inclusion
The Albanese Labor Government will continue its positive agenda to boost economic inclusion and tackle disadvantage by establishing an Economic Inclusion Advisory Committee.
Anna Hughes appointed to lead Office of Financial Management
South Australia's Deputy Under Treasurer and former finance executive Anna Hughes has been appointed Chief Executive Officer of the Australian Office of Financial Management – the first woman to le
Appointment to Financial Reporting Council
The Albanese Government has today appointed Ms Emma Herd as a part‑time member of the Financial Reporting Council (FRC) for a three‑year period, bringing valuable climate and sustainabili
A welcome pick-up in wages, but more work to be done
The Albanese Government welcomes new figures today showing wages growing at their fastest pace in more than 9 years.
IMF endorses Australia's responsible Budget and economic strategy
Today the IMF has backed the Albanese Government’s responsible approach to the Budget and economic management in an assessment following its annual consultations.
$50 million to boost global pandemic preparedness and response
Australia is contributing $50 million to the Pandemic Fund—a new global Financial Intermediary Fund to improve future pandemic prevention, preparedness and response.
G20 Joint Finance and Health Ministers’ Meeting in Indonesia
Today I will travel to Indonesia to attend the G20 Joint Finance and Health Ministers Meeting and to accompany the Prime Minister to the B20 Summit from 12 to 14 November 2022.
ACCC report into digital platform services
The Albanese Government welcomes the release of the Australian Competition and Consumer Commission’s (ACCC) latest report into digital platform services.
APRA appointments
Today I announce a number of important appointments to the board of the Australian Prudential Regulation Authority (APRA) that will bring the best available mix of experience and fresh thinking to
National Housing Accord: working together to help tackle housing challenges
The Albanese Government today announces the National Housing Accord, a landmark agreement to address one of our nation’s biggest economic challenges: the supply and affordability of housing.
Building a better future for Australia
The Albanese Labor Government’s first Budget is responsible, right for the times, and begins to build a better future for Australia.
The Budget delivers on our commitments including:
A responsible Budget in uncertain times
The Albanese Labor Government is putting a premium on Budget restraint and economic resilience.
Bigger pay slips for Australian workers
More than 400,000 low‑paid workers in key industries will take home a bigger pay slip from today, thanks to a 4.6 per cent increase to minimum wages under their awards.
Treasurer's Investor Roundtable
Today I am establishing the Treasurer’s Investor Roundtable to identify and unlock investment opportunities in national priority areas.
Changes to protect consumers following Optus data breach
The Albanese Government has prepared amendments to the Telecommunications Regulations 2021 to better protect Australians following the Optus data breach.
International corporate tax reforms - consultations
The Albanese Government has opened consultations on international corporate tax reforms as part of its commitment to ensuring multinationals pay their fair share of tax.
Responding to the challenge of de-banking
The Albanese Government welcomes the Council of Financial Regulators’ paper on potential policy responses to address the problem of de‑banking in Australia.