Media releases

2022

G20 Joint Finance and Health Ministers’ Meeting in Indonesia

Today I will travel to Indonesia to attend the G20 Joint Finance and Health Ministers Meeting and to accompany the Prime Minister to the B20 Summit from 12 to 14 November 2022.

ACCC report into digital platform services

The Albanese Government welcomes the release of the Australian Competition and Consumer Commission’s (ACCC) latest report into digital platform services.

APRA appointments

Today I announce a number of important appointments to the board of the Australian Prudential Regulation Authority (APRA) that will bring the best available mix of experience and fresh thinking to

National Housing Accord: working together to help tackle housing challenges

The Albanese Government today announces the National Housing Accord, a landmark agreement to address one of our nation’s biggest economic challenges: the supply and affordability of housing.

Building a better future for Australia

The Albanese Labor Government’s first Budget is responsible, right for the times, and begins to build a better future for Australia. The Budget delivers on our commitments including:

A responsible Budget in uncertain times

The Albanese Labor Government is putting a premium on Budget restraint and economic resilience.

Bigger pay slips for Australian workers

More than 400,000 low‑paid workers in key industries will take home a bigger pay slip from today, thanks to a 4.6 per cent increase to minimum wages under their awards.

Treasurer's Investor Roundtable

Today I am establishing the Treasurer’s Investor Roundtable to identify and unlock investment opportunities in national priority areas.

Changes to protect consumers following Optus data breach

The Albanese Government has prepared amendments to the Telecommunications Regulations 2021 to better protect Australians following the Optus data breach.

International corporate tax reforms - consultations

The Albanese Government has opened consultations on international corporate tax reforms as part of its commitment to ensuring multinationals pay their fair share of tax.

Responding to the challenge of de-banking

The Albanese Government welcomes the Council of Financial Regulators’ paper on potential policy responses to address the problem of de‑banking in Australia.

European Bank for Reconstruction and Development nomination

Today I announce Ms Katherine Tuck has been nominated as the full‑time Director to the European Bank for Reconstruction and Development (EBRD) commencing from 16 January 2023 to 31 July 2024.

Work commences on Employment White Paper

The Albanese Government has today released the terms of reference for the Employment White Paper that will guide the future of Australia’s skills and labour market.

Final Budget Outcome 2021-22

The Final Budget Outcome for 2021-22 shows an improved Budget position last y

Proposed community bank mergers

Today I am announcing my approval of two proposed mergers of customer‑owned community banks under the Financial Sector (Shareholdings) Act 1998, the Financial Sector (Transfer and Rest

October Budget to fund childcare price inquiry

The Albanese Labor Government will launch a 12-month inquiry into the rising cost of childcare in Australia starting in early 2023.

Strengthening economic cooperation with Indonesia

Today I met with Indonesian Finance Minister Sri Mulyani Indrawati to sign a Memorandum of Understanding (MoU) that strengthens the economic cooperation between our two countries.

National Accounts - June Quarter 2022

Today’s National Accounts reflect an economy rebounding from the disruption of the pandemic but held back by capacity constraints, skills shortages, and declining real wages.

Outcomes of the Jobs and Skills Summit

The Jobs and Skills Summit has brought Australians together to agree on immediate actions to help build a stronger economy and a stronger Australia.

Exposure draft legislation: Small business tax incentives

Draft legislation released today will introduce two tax incentives that support small businesses to train and upskill employees, and improve their digital and tech capacity.