Media releases
2025
S&P reaffirms AAA credit rating
International ratings agency S&P has today reaffirmed Australia’s AAA credit rating.
Interest rates decision
Today the independent Reserve Bank of Australia Monetary Policy Board kept interest rates on hold at 3.60 per cent.
Official signing of First Nations Economic Partnership
Today the Albanese Government has signed the First Nations Economic Partnership.
The biggest Budget improvement in a single Parliamentary term
The Final Budget Outcome for 2024–25 shows the Albanese Labor Government has delivered the largest nominal improvement in the Budget in a single Parliamentary term.
Reappointments to the Competition Review Expert Advisory Panel
The Albanese Government has re‑appointed seven eminent experts to advise the government on our broad and ambitious competition reform agenda.
Productivity Commission Inquiry into 2018 changes to GST distribution
Today we’ve released the terms of reference for the Productivity Commission Inquiry into the 2018 changes to the Goods and Services Tax distribution required under legislation.
Reducing red tape in the tax system
The Government is looking at new ways to cut red tape in the tax system to ease the compliance burden on businesses and make our economy more productive.
Underlying inflation falls again – now in target for ninth consecutive month
Underlying inflation fell in August according to new data from the Australian Bureau of Statistics.
Process underway to appoint new senior leadership of ASIC and APRA
The Albanese Government will be appointing new senior leaders at two of Australia’s most important regulators.
Modelling shows an orderly path to net zero leads to more jobs and investment, higher wages and living standards, and a bigger economy
The Albanese Labor Government’s clear and credible Net Zero Plan will help Australia grasp the jobs and opportunities of the global energy transformation.
Fuelling the future: $1.1 billion to power cleaner Aussie fuel production
The Albanese Government is investing $1.1 billion to help unlock the vast economic opportunities on offer from low carbon liquid fuels.
Release of updated Measuring What Matters dashboard
The Australian Bureau of Statistics has delivered the latest annual update to the Measuring What Matters dashboard as part of the Government’s wellbeing framework.
Foreign Investment Review Board member reappointed
The Albanese Government has reappointed Steven Skala AO as a part‑time member to the Foreign Investment Review Board (FIRB) for a one‑year period.
Joint statement from Treasurers on road user charging
The rapid development of electric vehicle technology is transforming the outlook for both passenger and freight transport, and policies at all levels of government will need to evolve to seize the
Treasurers advance economic reforms to boost productivity
Today, I met with state and territory Treasurers to advance key economic reforms following the Albanese Government’s Roundtable last month.
Regulatory reform to reduce red tape and ease burden on businesses
Today we’re releasing letters from 38 Commonwealth regulators containing more than 400 ideas to reduce regulatory burden and support productivity growth in our economy.
Reforms to modernise Australia’s payments system pass the Senate
The Albanese Labor Government has today passed the Treasury Laws Amendment (Payments System Modernisation) Bill 2025 through the Senate, to make sure Australia’s payments system delivers for our mo
National Accounts June quarter 2025
Today’s National Accounts show Australia’s economy is gathering momentum in the face of global economic uncertainty.
Australia and New Zealand deepen economic ties by addressing new regulatory challenges
Australia and New Zealand will work together to improve and modernise regulation and reduce unnecessary compliance burdens, including those that are acting as barriers to achieving net zero targets
Investor Front Door officially open
The Albanese Labor Government’s Investor Front Door is now open with the start of a new pilot from today.