The government has called an election and is now in caretaker
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Media releases
2025
Improving access to affordable and quality financial advice
The Albanese Government is reforming financial advice rules so that more Australians can access the advice they need without the huge price tag.
Next steps in developing an innovative digital asset industry
The Albanese Government is developing a fit for purpose digital asset regime to help build a more dynamic and competitive economy.
Appointments to the Tax Practitioners Board
The Albanese Government is committed to ensuring the Tax Practitioners Board (TPB) has the expertise to effectively regulate tax practitioners and uphold professional and ethical standards.
New government action to help tradies get paid on time and in full
The Albanese Labor Government is taking further action to help ensure tradies and subcontractors in the construction industry are paid on time and in full.
Our immediate actions are:
Consulting on payday super draft legislation
The Albanese Government will require super to be paid on payday to protect and grow the retirement incomes of millions of Australians.
Albanese Labor Government to extend unfair trading practice protections to small businesses
The Albanese Government will extend a crackdown on Unfair Trading Practices to small businesses after last year’s commitment to protect consumers.
Clarifying tax arrangements for managed investment trusts
The Government will amend the income tax laws to ensure legitimate investors can continue to access concessional withholding tax rates in Australia while strengthening guidelines to prevent misuse.
Scam losses slashed by over $1 billion under Labor’s anti-scam agenda
The Albanese Government’s targeted crackdown on scams has driven down annual reported scam losses by over $1 billion in the last two years.
Consumer Data Right expansion to deliver a better deal for consumers
The Albanese Government is uplifting the Consumer Data Right (CDR) by expanding the system to non‑bank lending providers to deliver a better deal for more Australians.
Visit to G20 Finance Ministers and Central Bank Governors meeting in South Africa
This week, I will be representing the Treasurer in Cape Town at the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under South Africa’s 2025 G20 Presidency.
Parliament passes world-leading scams prevention framework
The Albanese Government has legislated the world’s toughest anti‑scam laws to make Australia the hardest target for scammers.
Commonsense changes to help more Australians into a home
Financial regulators will update their guidance to make it easier for Australians with a HELP debt to responsibly take out a mortgage and buy a home, and also unlock the construction of more units,
Technical consultation open on the ban on the use of adverse genetic testing results in life insurance
The Albanese government is progressing work to implement a total ban on the use of adverse genetic test results in life insurance underwriting.
Securing regional banking services
The Albanese Government has secured commitments from the banks to ensure banking services remain available in the regions.
Albanese Government creating a better pathway for financial advisers
The Albanese Government is rebuilding a strong and sustainable financial advice industry that ensures Australians can access high quality and affordable financial advice.
New data shows scam losses continue to fall under Labor
The Albanese Government is taking the fight to scammers and this has driven a 33 per cent drop in scam losses in 2024.
Buy Now, Pay Later regulations set to be finalised
The Albanese Government has released a further exposure draft of regulations governing Australia’s Buy Now, Pay Later (BNPL) sector for technical consultation.
Government response to the independent Review of the Meetings and Documents Amendments
Today, the Government tabled in Parliament its response to the independent review of legislative amendments made in 2021 and 2022 to provide for virtual company meetings and the electronic distribu
Review of the Compensation Scheme of Last Resort
The Albanese Government is directing the Treasury to undertake a comprehensive review of the Compensation Scheme of Last Resort (CSLR) to ensure victims of financial misconduct have a sustainable a
Statement from the Hon. Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, and Member for Whitlam
After 15 years and 5 elections, I am announcing that I won’t be standing for re‑election as the member for Whitlam.