Media releases

2025

Resource sector calls on Parliament to pass production tax credits

Peak resources industry bodies have thrown their support behind Labor’s production tax incentives, encouraging members of Parliament and senators to back the Albanese Government’s legislation curre

Albanese Government launches review to strengthen mental health system

The Albanese Government has tasked the Productivity Commission with a review into the mental health and suicide prevention system to deliver better mental health care and support for Australians.

Statement on Stephen Jones

I want to pay tribute to my friend Stephen Jones, who has announced today that he will not be contesting the next election.

Underlying inflation falls to three-year low

Underlying inflation is at its lowest in three years according to new figures released by the Australian Bureau of Statistics today.

Mandatory service standards for the superannuation industry

The Albanese Government is taking action to raise the bar for member service in superannuation by introducing mandatory and enforceable service standards for all large APRA‑regulated superannuation

Next steps in streamlining Australia’s financial reporting architecture

The Albanese Government is streamlining Australia’s financial reporting bodies to help build a more competitive, dynamic and productive economy.

Reappointment to Board of Taxation

The Albanese Government has reappointed Ms Andrea Laing as a part‑time member to the Board of Taxation (BoT) for a three‑year term until 20 October 2027.

Underlying inflation down in new inflation numbers

Underlying inflation moderated in November with the Trimmed Mean Measure falling to 3.2 per cent, down from 3.5 per cent.

$7.2 billion in new funding from the Australian Government to fix Bruce Highway

Queenslanders deserve a long term plan for essential infrastructure, and the Albanese Government is delivering that certainty as we build Australia’s future.

2024

Implementing a minimum tax for multinationals

The Albanese Government is continuing to take action so that multinationals pay their fair share of tax in Australia.

Build to Rent initial affordability standards from 1 January

Today the Albanese Government has taken steps to establish an initial set of affordability standards for Build to Rent developme

Legal professional privilege in Commonwealth investigations discussion paper

The Albanese Government is today releasing a discussion paper on the use of legal professional privilege claims in Commonwealth inves

2024 Population Statement

Today I have released the Centre for Population’s 2024 Population Statement providing updated and comprehen

Next steps in ensuring the future of cash

The Albanese Government is taking action so Australians can continue to pay with cash for essential items if they want to or need to.

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.