Media releases
2024
Government launches ACCC inquiry into supermarket prices
The Albanese Government has formally issued a direction to the Australian Competition and Consumer Commission to investigate pricing and competition in the supermarket sector to ensure Australians
Release of Tax Expenditures and Insights Statement
Today I have released the 2023‑24 Tax Expenditures and
Inflation moderates to two-year low
The Consumer Price Index further moderated to 4.1 per cent in the year to the December quarter 2023, down from 5.4 per cent in the September quarter.
Appointments to the Future Fund Board
The Albanese Government has appointed the Hon Greg Combet AM as Chair of the Future Fund Board of Guardians for a five‑year term.
Government to launch ACCC inquiry into supermarket prices
The Albanese Government will direct the Australian Competition and Consumer Commission (ACCC) to investigate pricing and competition in the supermarket sector to ensure Australians are paying a fai
Legislation to modernise the Petroleum Resource Rent Tax
The Albanese Government will consult on new legislation to modernise the Petroleum Resource Rent Tax and to strengthen anti‑avoidance laws.
Albanese Government cracks down on illegal tobacco imports
The Albanese Government has today announced a major border force crackdown on the importation of illegal tobacco.
New climate reporting reforms for a stronger financial system
The Albanese Government has today released draft legislation for significant reforms that will help Australia maximise the economic opportunities of cleaner, cheaper and more reliable energy and ma
Welcome progress in the fight against inflation
Today’s Monthly Consumer Price Index indicator shows that inflation further moderated to 4.3 per cent in the 12 months to November 2023, down from 4.9 per cent in October.
Appointment of Dr Craig Emerson as Independent Reviewer of the Food and Grocery Code of Conduct
The Albanese Government has appointed Dr Craig Emerson to lead the 2023–24 review of the Food and Grocery Code of Conduct (the Code) to ensure that the supermarket sector is working as it
2023
2023 Population Statement
The Albanese Government has today released the Centre for Population’s 2023 Population Statement providing updated and comprehensive data on Australia’s population.
New regulations to improve the PRRT
The Albanese Government will consult on regulations to improve the integrity of the Petroleum Resource Rent Tax regime by updating it to cover new business practices, as recommended by the Gas Tran
Appointments to Board of Taxation
The Albanese Government has appointed Judy O’Connell and Andrew Mills as part-time members to the Board of Taxation, each for a three-year term.
Australian Competition and Consumer Commission retail deposit inquiry
Today the Australian Competition and Consumer Commission (ACCC) has released its Inquiry into retail deposit products.
Consultation on financial market infrastructure reforms
The Albanese Government is today releasing draft legislation to strengthen regulatory arrangements for Australia’s financial market infrastructure.
2023-24 Mid-Year Economic and Fiscal Outlook
The 2023‑24 Mid‑Year Economic and Fiscal Outlook (MYEFO) is all about responsible economic management because that’s the best way to put downward pressure on inflation and ease cost‑of‑living press
Higher foreign investment fees for housing
The Albanese Government will adjust the foreign investment framework to help boost Australia’s housing stock and provide more homes for Australians.
Next steps in modernising Australia’s payments system
The Albanese Government is today releasing two consultation papers to progress our plan to ensure Australia’s payments system delivers for our modern economy.
Statement on the Conduct of Monetary Policy
Today I am releasing, with the Reserve Bank of Australia (RBA), an updated Statement on the Conduct of Monetary Policy.
Appointments to the Foreign Investment Review Board
The Albanese Government has appointed Linda Apelt, Kellie Benda and Sarah Pearson to the Foreign Investment Review Board (FIRB) each for a five‑year term.