Media releases

2023

New Commissioner of Taxation

The Albanese Government will appoint Rob Heferen as the Commissioner of Taxation to lead the Australian Taxation Office (ATO) for a period of seven years.

Extension of ‘No Worse Off’ deal to help fund essential services

National Cabinet has today endorsed a comprehensive Commonwealth‑state agreement across health, the NDIS and GST arrangements that will ensure a fairer, more sustainable distribution of funds for h

National Accounts – September quarter 2023

The National Accounts show the Australian economy is slowing in expected ways as an inevitable consequence of higher interest rates and international uncertainty.

Investor Roundtable to help modernise our economy and maximise our advantages

Leading investors including some of the nation’s biggest banks, superannuation funds, venture capital firms and asset managers have joined industry experts and government for the third Treasurer’s

Inaugural roundtable of Investment Dialogue for Australia's Children

Leading philanthropic organisations have partnered with the Albanese Government to improve the wellbeing of children and address entrenched community disadvantage, committing millions of dollars to

Consultation on the retirement phase of superannuation

The Albanese Government is looking at how to improve the retirement phase of superannuation so that the system delivers a better retirement for more Australians.

Treasurers meet in Queensland

Today I met with my state and territory counterparts in Brisbane for a productive discussion on a range of shared objectives.

Key cost-of-living policies help drive moderation in monthly inflation

Today’s Monthly Consumer Price Index Indicator shows inflation moderated to 4.9 per cent in the 12 months to October, down from 5.6 per cent in September.

New Deputy Governor of the Reserve Bank of Australia

The Albanese Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.

Strengthening and modernising the Reserve Bank

The Albanese Government will this week introduce legislation to Parliament to reform, strengthen and modernise the Reserve Bank of Australia (RBA).

Streamlining financial reporting architecture

The Albanese Government will restructure the nation’s financial reporting bodies to make them more efficient, effective and fit for purpose, including to assist Australia in implementing new climat

Consultation on merger reform

The Albanese Government is reviewing merger rules and processes to ensure they support competitive markets, economic dynamism, and better outcomes for the Australian people.

Legislating the objective of superannuation

The Albanese Government is moving to enshrine an objective of superannuation in legislation as part of its agenda to strengthen and maximise the benefits of the nation’s super system.

Wages grow faster than inflation in September quarter

New ABS data today shows real wages increased 0.1 per cent in the September quarter, the second consecutive quarterly increase.

APEC Finance Ministers’ Meeting

On Sunday 12 and Monday 13 November I’ll participate in the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting in the United States.

Refocusing and renewing the Productivity Commission

The Albanese Government today releases the first

Albanese Government’s budget management helping fight inflation

The Albanese Government’s economic management has been strongly endorsed in a new independent assessment that says the budget is helping to fight inflation.

New steps on the Albanese Government’s sustainable finance strategy

The Albanese Government is today releasing a consultation paper on its Sustainable Finance Strategy, which will help Australian companies, investors and the Australian community make the most of th

More responsible cost-of-living relief to roll out in November

The Albanese Government’s 10‑point cost‑of‑living plan ramps up today, with billions of dollars of cost‑of‑living relief being rolled out to Australian households and small businesses in November –

$88.2 million Mount Morgan pipeline project to commence with Albanese Government support

The Federal and Queensland Labor Governments and the Rockhampton Regional Council Governments are jointly funding the Mount Morgan Water Supply Pipeline Project The Pipeline will d