The government has called an election and is now in caretaker
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Media releases
2024
New tool to streamline and better coordinate financial sector regulation
The Albanese Government has today released a new tool to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.
Smaller deficit for 2024–25 in Mid‑Year Economic and Fiscal Outlook
Responsible economic management is the hallmark of the Albanese Government’s first term and it’s the focus of the mid‑year budget update we’ve released today.
Release of Tax Expenditures and Insights Statement
Today I have released the 2024‑25 Tax Expenditures and Insights Statement.
Appointments to the Reserve Bank’s Boards
The Albanese Government has today appointed a number of eminent Australians to the Reserve Bank’s two new boards, locking in a key reform to strengthen and modernise the central bank.
Additional $200 million to support FNQ recovery and resilience following impact of ex-Tropical Cyclone Jasper
The Albanese and Crisafulli Governments will provide more than $206 million in long‑term disaster funding to Far North Queensland communities hit hard by ex‑Tropical Cyclone (TC) Jasper as wel
New PC inquiries on the five pillars of productivity
The Albanese Government has formally tasked the Productivity Commission today with five new inquiries focused on identifying ways to materially boost Australia’s productivity.
New uni study hub model launches in Longreach
Today the Treasurer and Assistant Minister for Education opened a new Regional University Study Hub in Longreach, funded by the Albanese Labor Government.
Hervey Bay Medicare Urgent Care Clinic now open
The Albanese Government is delivering cheaper and more accessible healthcare for residents across the Fraser Coast with the opening of the Hervey Bay Medicare Urgent Care Clinic (Medicare
Commonwealth Bank to establish operations in Nauru
The Albanese Government welcomes the Commonwealth Bank of Australia’s commitment to establish banking operations in Nauru in 2025.
Logan youth organisation receives federal funding boost to support young people
The Albanese Labor Government is investing in Youth Insearch Logan to help young people stay connected to their community, school or workplace.
Official opening of the Wilbur Street Youth Centre
Logan’s first dedicated youth centre delivered jointly by the Albanese Labor Government, Queensland Government and Logan City Council is now officially up and running.
More than 30 Medicare Mental Health Centres now open to provide free mental health care
More than half of the 61 Medicare Mental Health Centres being rolled out by the Albanese Labor Government are now open and providing free mental health care to everyone who walks through the door,
National Accounts – September quarter 2024
Today’s National Accounts confirm that growth in the Australian economy continues to be positive but weak.
Fostering an innovative, safe and secure digital asset industry
The Albanese Government is working with industry and regulators to develop a fit for purpose digital asset regulatory regime, to build a more dynamic and competitive economy.
National agreement to revitalise competition – for consumers, businesses and our economy
Commonwealth, state and territory treasurers have today signed a landmark agreement that will deliver a 10‑year reform of National Competition Policy (NCP).
Treasurers advance national economic reforms
Today I met with my state and territory counterparts in Canberra to progress substantial economic reforms that will benefit all Australians.
Future Made in Australia legislation passes the Senate
The Albanese Labor Government’s Future Made in Australia legislation has today passed Parliament, a major step forward in making Australia indispensable to the global net zero transformation.
Liberals and Nationals running a protection racket for big supermarkets
The Albanese Labor Government has today passed the Fairer for Families And Farmers Bill to get Australians a better deal at the checkout and back our hardworking farmers who supply to our supermark
Multinational tax transparency, Buy Now Pay Later and philanthropic laws pass Parliament
The Albanese Labor Government has passed legislation that will hold large multinationals to account on their tax affairs, protect Australians who use Buy Now Pay Later (BNPL) services and support t
Biggest reforms to merger settings in half a century pass the Senate
The Government has today passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 through the Senate.