The government has called an election and is now in caretaker
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Media releases
2024
Legislative change to reform Australia’s economy
The Albanese Government has this week passed 11 Treasury bills through the Senate to help build a stronger economy, stronger budget, and more modern and effective economic institutions.
New laws to strengthen and modernise the Reserve Bank pass the Senate
Today we have locked in reforms to modernise the Reserve Bank.
Build‑to‑rent bill paves the way for the construction of 80,000 homes
Today we’ve passed legislation to deliver new tax breaks to support the construction of around 80,000 new homes to rent.
Objective of superannuation reforms pass Parliament
The Albanese Labor Government has today passed the Superannuation Objective Bill 2023 to strengthen Australia’s retirement income system.
Monthly inflation a third of what it was under the Liberals
New numbers show monthly inflation is around a third of what we inherited at the election and around a quarter of its peak.
Minimum tax for multinationals passes the Senate
The Albanese Government has passed legislation through the Senate to help ensure multinationals pay their fair share of tax in Australia.
Legislative reform to support First Nations economic empowerment
Today, the Albanese Labor Government has introduced legislation to expand the role and remit of Indigenous Business Australia (IBA), as part of the Future Made in Australia (Production Tax Cred
Production tax incentives to help build a Future Made in Australia
Today the Government will introduce the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024 to Parliament, a big step in making Australia indi
Government acting swiftly on Commonwealth surcharges
The Albanese Labor Government will stop passing on debit surcharges from the ATO and Services Australia to make sure these everyday payments don’t cost Australians more from 1 January 2025.
Investor roundtable to help unlock investment in national priorities
Leading investors have committed to work closely with the government to unlock more private sector capital in key areas like housing and cleaner and cheaper energy at the fourth Treasurer’s Investo
Historic mergers reform passes House of Representatives
The Government has passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 through the House of Representatives.
Future of the Future Fund
The Albanese Government will modernise the nation’s sovereign wealth fund, building on its success to ensure it can play an enduring and prominent role in our economy.
Improving the retirement phase of superannuation
The Albanese Government is taking action to reform the retirement phase of superannuation so the system delivers a better retirement for more Australians.
Ensuring the future of cash and next steps in phasing out cheques
The Albanese Government is taking action so Australians can continue to pay with cash for essential items if they want to, while also ensuring an orderly transition to phase out cheques.
Four quarters of annual real wage growth under Labor
New data released by the ABS today shows that real wages have now grown for four consecutive quarters under the Albanese Labor Government.
Inflation falls to lowest rate in almost four years
New figures from the ABS show that headline inflation at 2.8 per cent is now the lowest it has been in almost four years.
Government and philanthropy partner to empower communities
The Albanese Labor Government is co‑investing alongside philanthropy to develop a national, independent, not‑for‑profit organisation dedicated to supporting the needs and aspirations of local commu
Australia outperforms on global budget league tables
The Albanese Government’s responsible budget strategy has seen Australia become one of the top ranked economies in the world for fiscal management in 2024, according to figures released by the Inte
G20 meetings in the United States
I will join key economic ministers and central bank governors from the world’s most significant economies at the G20, International Monetary Fund and World Bank annual meetings over the coming days
A million new jobs under Labor
Under the Albanese Government, more Australians are working, earning more and keeping more of what they earn, with today’s ABS Labour Force figures showing well over a million jobs (1,039,