Media releases
2022
Strengthening economic cooperation with Indonesia
Today I met with Indonesian Finance Minister Sri Mulyani Indrawati to sign a Memorandum of Understanding (MoU) that strengthens the economic cooperation between our two countries.
National Accounts - June Quarter 2022
Today’s National Accounts reflect an economy rebounding from the disruption of the pandemic but held back by capacity constraints, skills shortages, and declining real wages.
Outcomes of the Jobs and Skills Summit
The Jobs and Skills Summit has brought Australians together to agree on immediate actions to help build a stronger economy and a stronger Australia.
Exposure draft legislation: Small business tax incentives
Draft legislation released today will introduce two tax incentives that support small businesses to train and upskill employees, and improve their digital and tech capacity.
Work underway on crypto asset reforms
The Albanese Government will improve the way Australia’s regulatory system manages crypto assets, to keep up with developments and provide greater protections for consumers.
Commonwealth Grants Commission appointments
The Albanese Government has today appointed Professor Anne Tiernan and Dr Angela Jackson as part‑time members of the Commonwealth Grants Commission, each for a five‑year period.
Stronger wages growth but still short of inflation
ABS data released today shows the Wage Price Index rising 2.6 per cent in the year to June.
Release of Jobs and Skills Summit issues paper
The Albanese Government has today released an issues paper in preparation for the Jobs and Skills Summit.
Public consultation begins on Multinational Tax Integrity and Transparency
The Albanese Government has released a discussion paper for public consultation on our election commitment to ensure that multinationals pay their fair share.
RBA interest rates decision
Today’s Reserve Bank decision to increase interest rates by half a percentage point is more difficult news for Australians with a mortgage.
New data confirms inflation is high and rising
New numbers show inflation has increased 6.1 per cent over the past year and highlight the difficult circumstances facing Australian workers and families.
Electric Car Discount Bill introduced to Parliament
Today, the Government has introduced the Treasury Laws Amendment (Electric Car Discount) Bill 2022 into Parliament.
Chair of the Australian Prudential Regulation Authority
Wayne Byres has advised the Governor‑General of his intention to step down as Chair of the Australian Prudential Regulation Authority from 30 October, 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.