The government has called an election and is now in caretaker
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Media releases
2023
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.
More transparency and more investment in cleaner and cheaper energy
The Albanese Government will deliver reforms to ensure Australia can grasp the economic opportunities from more investment in cleaner, cheaper and more reliable energy, and manage the financial
Responsible and meaningful action on gas prices
The Albanese Government is taking action to limit the worst impacts of the forecast gas price increases in order to protect Australian households, industry and manufacturers, save jobs, and ensu
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.