The government has called an election and is now in caretaker
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Media releases
2024
Supporting the most vulnerable in our community
Today we are releasing the Economic Inclusion Advisory Committee’s second report as well as a progress update on the Albanese Government’s actions to tackle disadvantage in our community.
Annual inflation almost halved under Labor
New data shows inflation has now almost halved since the Albanese Labor Government came to office.
It’s still too high, people are still under the pump, but we’re making progress.
Australia extends tariff relief for Ukraine
Australia will extend tariff relief as part of its support for Ukraine and its people in response to Russia’s brutal full-scale invasion.
Australia climbs to second in budget management ranking
Australia has achieved a remarkable improvement in a global ranking of budget positions, according to the latest figures from the International Monetary Fund.
G20, IMF and World Bank meetings in the US
This week I will join my international counterparts for the G20 Finance Ministers’ and Central Bank Governors’ Meeting and the IMF – World Bank 2024 Spring Meetings in Washington DC.
Merger reform for a more competitive economy
The Albanese Government will reform Australia’s merger rules to boost competition and productivity in our economy.
Building more affordable rental homes
The Albanese Government is working to boost the construction of rental housing as part of its broad and ambitious plan to build more homes in Australia.
Release of Food and Grocery Code Review interim report
Today we have released the interim report of the Food and Grocery Code of Conduct independent review, commissioned by the Albanese Government.
$2 million for sick and premature babies
The Albanese Government will help improve the health of premature babies in Brisbane and Queensland through a $2 million contribution to the Channel Nine Telethon supporting Mater Little Mirac
Government's Annual Wage Review submission
The Albanese Labor Government has recommended the Fair Work Commission ensures the real wages of Australia’s low‑paid workers do not go backwards.
New legislation to strengthen financial system and boost investment in cleaner cheaper, energy
The Albanese Government will today introduce legislation to maximise the economic opportunities of cleaner, cheaper and more reliable energy and strengthen Australia’s financial system.
Putting in place a minimum tax for multinationals
The Albanese Government is taking the next steps to ensure multinational companies pay their fair share of tax.
Consultation begins on next set of PRRT regulations
The Albanese Government will consult on the next component of regulations to improve the certainty and integrity of the Petroleum Resource Rent Tax regime, as recommended in the Gas Transfer Pricin
Treasurers work together to boost competition
Today Treasurers agreed to work together to identify possible cost‑of‑living competition reforms that could be progressed through our revamp of National Competition Policy.
Better coordinated financial sector regulation
The Albanese Government will introduce a financial sector regulatory initiatives grid to make sure the standard business of regulation is carried out in a more coordinated way.
Tariff reform to cut costs for businesses and boost productivity
The Albanese Labor Government will abolish almost 500 nuisance tariffs from 1 July this year.
Improving the superannuation performance test
The Albanese Government is consulting on options to improve the superannuation performance test to deliver a dignified retirement for more Australians.
Paying super on Government Paid Parental Leave to enhance economic security and gender equality
The Albanese Labor Government will continue its historic reform of Paid Parental Leave (PPL) and will pay superannuation on the Government payment from 1 July 2025.
National accounts – December quarter 2023
Today’s National Accounts show Australia’s growth is subdued but steady in the face of higher interest rates, high but moderating inflation and ongoing global uncertainty.
Inflation at its lowest in more than 2 years
Today’s Monthly Consumer Price Index Indicator shows annual inflation of 3.4 per cent in the 12 months to January 2024.