Media releases

The Albanese Government is reforming financial advice rules so that more Australians can access the advice they need without the huge price tag.

The Albanese Government is developing a fit for purpose digital asset regime to help build a more dynamic and competitive economy.

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.

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:

The Albanese Government will require super to be paid on payday to protect and grow the retirement incomes of millions of Australians.

The Albanese Government will extend a crackdown on Unfair Trading Practices to small businesses after last year’s commitment to protect consumers.

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.

The Albanese Government’s targeted crackdown on scams has driven down annual reported scam losses by over $1 billion in the last two years.

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.

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.

The Albanese Government has legislated the world’s toughest anti‑scam laws to make Australia the hardest target for scammers.

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,

The Albanese government is progressing work to implement a total ban on the use of adverse genetic test results in life insurance underwriting.

The Albanese Government has secured commitments from the banks to ensure banking services remain available in the regions.

The Albanese Government is rebuilding a strong and sustainable financial advice industry that ensures Australians can access high quality and affordable financial advice.

The Albanese Government is taking the fight to scammers and this has driven a 33 per cent drop in scam losses in 2024.

The Albanese Government has released a further exposure draft of regulations governing Australia’s Buy Now, Pay Later (BNPL) sector for technical consultation.

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

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

After 15 years and 5 elections, I am announcing that I won’t be standing for re‑election as the member for Whitlam.