Media releases

2022

Nominations to International Monetary Fund and the World Bank

The Albanese Government will nominate Rob Nicholl for appointment as the Executive Director at the International Monetary Fund and Kerstin Wijeyewardene as the Alternate Executive Director at the W

Increase to foreign investment fees and penalties

The Albanese Labor Government is delivering on its election commitment to increase foreign investment fees and penalties.

Reserve Bank appointment

Mark Barnaba AM has agreed to serve another year on the Reserve Bank Board at my request.

Review of the Reserve Bank

Today I announce the first wide‑ranging review of the Reserve Bank of Australia since the current monetary policy arrangements were instituted in the 1990s.

ACCC appointment

The Albanese Government has today nominated Ms Catriona Lowe to be a Deputy Chairperson of the Australian Competition and Consumer Commission (ACCC) for a five‑year period starting on 27 Janua

Finance Ministers and Central Bank Governors G20 Meeting

I am attending the G20 Finance Ministers and Central Bank Governors Meeting in Indonesia with Reserve Bank Governor Philip Lowe from 15 to 16 July. 

Jobs and Skills Summit to be held in September

The Albanese Labor Government’s Jobs and Skills Summit will be held at Parliament House in Canberra on 1‑2 September.

RBA interest rates decision

Today’s decision by the independent Reserve Bank to increase interest rates by half a percentage point is very challenging news for hardworking Australians already doing it tough.

A super increase for hardworking Australians

From today, Australian workers will benefit from a boost to their superannuation.

Tomorrow's minimum wage increase a win for women, part time workers and the heroes of the pandemic

Around 2.8 million Australians are about to get the pay rise they need and deserve – because the Albanese Labor Government fought for it.

Moody's affirms Australia's AAA credit rating

Rating agency Moody’s has affirmed Australia’s AAA credit rating, citing Labor’s productivity enhancing reforms that focus on lifting women’s participation in the work

Crypto not taxed as foreign currency

Crypto currencies will continue to be excluded from foreign currency tax arrangements under the Albanese Government.

Australia committed to supporting future pandemic preparedness and response

The Australian Government will contribute funding towards a new Financial Intermediary Fund (FIF) for pandemics which will be established at the World Bank, as part of our commitment to protecting

A pay rise for Australian workers

Australia’s low‑paid workers will be better off because the Albanese Labor Government fought to get them a pay rise.

Letter to ACCC on electricity and gas price rises

I’ve written to the ACCC expressing my deep concern about skyrocketing electricity and gas prices and the impact this is having on households and industry.

Government’s Annual Wage Review submission

Today the Albanese Labor Government has recommended to the Fair Work Commission’s Expert Panel conducting the Annual Wage Review that they ensure that the real wages of Australia's low‑paid workers

National Accounts – March Quarter 2022

Today’s National Accounts confirm solid underlying demand and a tight labour market but also an economy that is weaker than expected before the election, with significant challenges ahead.