The government has called an election and is now in caretaker
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Media releases
2024
Annual real wages continue to grow under Labor
New data released today by the Australian Bureau of Statistics shows annual real wages continue to grow under the Albanese Labor Government.
Appointment to Board of Taxation
The Albanese Government has reappointed Ian Kellock as a part‑time member of the Board of Taxation for a three‑year period.
Reserve Bank decision on interest rates
Today’s welcome decision from the Reserve Bank comes at a time of moderating underlying inflation, market volatility and global economic uncertainty.
Implementing reforms to the Petroleum Resource Rent Tax
The Albanese Government is reforming the Petroleum Resource Rent Tax (PRRT) to deliver a fairer return to the Australian community from their natural resources.
Meeting with ministerial counterparts in the Pacific
Over the next day and a half, I will take part in a series of meetings with Pacific counterparts to strengthen economic and bilateral relations in our region.
Underlying inflation continues to moderate
ABS data released today shows that underlying inflation has moderated, which indicates the momentum of inflationary pressures is downwards, and that headline inflation is in line with the RBA’s for
Strengthening climate collaboration across the Tasman
Australia and New Zealand will work closely together to unlock the vast economic opportunities on offer from the transformation to cleaner and cheaper energy in areas such as low‑carbon liquid fuel
Next step towards merger reform for a more competitive economy
The Albanese Government has released draft legislation to reform Australia’s merger rules and boost competition and productivity in our economy.
Strengthening foreign resident capital gains tax rules
The Albanese Labor Government is making sure foreign residents pay their fair share of tax, advancing important new measures to improve the integrity of the foreign resident capital gains tax rules
Albanese Government backs Pacific banking for stability and prosperity in our region
The Albanese Government is making further investments to help prevent the loss of banking services in the Pacific.
New legislation to ensure multinationals pay a fairer share
The Albanese Government has introduced legislation to deliver on our election commitment to improve tax transparency and integrity.
A Future Made in Australia Bill will build a stronger, cleaner, economy
Today the Government will introduce the new Future Made in Australia Bill 2024 and Future Made in Australia (Omnibus Amendments No.
ANZ proposal to acquire Suncorp Bank
Today I’m announcing that ANZ Group Holdings Ltd’s (ANZ) proposal to acquire full ownership of Suncorp Bank (Suncorp) from Suncorp Group can proceed subject to enforceable conditions.
Production tax incentive consultation begins
Consultation has begun on the implementation details of the government’s $13.7 billion in production tax incentives announced in the Budget.
Measuring what matters to deliver better outcomes
The Albanese Government is strengthening Australia’s first national wellbeing framework to support policy development and better align our economic and social goals in communities right across the
Cost‑of‑living relief from persistent inflation
Despite edging down on a month‑to‑month basis, the ABS’s monthly CPI indicator was 4.0 per cent in the year to May.
Strengthening the Food and Grocery Code to get a fair go for families and farmers
The Albanese Government will strengthen the Food and Grocery Code of Conduct, accepting all recommendations of a recent independent review into the Code as part of a wide‑ranging cost‑of‑living cra
Productivity Commission appointments
The Albanese Government has appointed Mr Selwyn Button, Dr Alison Roberts and Mr Barry Sterland PSM as full‑time Commissioners to the Productivity Commission (PC) for five‑year terms.
A Sustainable Finance Roadmap to unlock more private capital
The Albanese Government is releasing its Sustainable Finance Roadmap, which will help investors, companies and the broader community make the most of the global net zero transformation.
Reserve Bank interest rate decision
Today’s decision by the independent Reserve Bank means by the time the Board next meets, it will be approaching nine months since the last interest rate hike.