Jim Chalmers 2022

The Australian Bureau of Statistics has delivered the latest annual update to the Measuring What Matters dashboard as part of the Government’s wellbeing framework.

This is about measuring what matters most to Australians to help deliver better outcomes for our people, our communities and our economy.

The Albanese Government has reappointed Steven Skala AO as a part‑time member to the Foreign Investment Review Board (FIRB) for a one‑year period.

Mr Skala has a long and distinguished career across private, not‑for‑profit and government organisations.

The rapid development of electric vehicle technology is transforming the outlook for both passenger and freight transport, and policies at all levels of government will need to evolve to seize the opportunities and manage the challenges of this new outlook.

Today, I met with state and territory Treasurers to advance key economic reforms following the Albanese Government’s Roundtable last month.

We built a lot of consensus on economic reform through the Roundtable and we made a lot of progress advancing economic reforms today.

Today we’re releasing letters from 38 Commonwealth regulators containing more than 400 ideas to reduce regulatory burden and support productivity growth in our economy.

We’re cutting red tape where we responsibly can to ease the burden on businesses and consumers and make our economy more prosperous and productive.

The Albanese Labor Government has today passed the Treasury Laws Amendment (Payments System Modernisation) Bill 2025 through the Senate, to make sure Australia’s payments system delivers for our modern economy.

These changes will modernise our payments system and help make our economy more productive.

Jim Chalmers:

The economy grew 0.6 per cent in the June quarter to be 1.8 per cent higher through the year. This result was better than most economists expected. It’s a very welcome and substantial pick up in growth in our economy.

Today’s National Accounts show Australia’s economy is gathering momentum in the face of global economic uncertainty.

The economy grew 0.6 per cent in the June quarter, to be 1.8 per cent higher through the year.

This is a welcome and substantial pick‑up in growth.

The result was better than most economists expected.

Australia and New Zealand will work together to improve and modernise regulation and reduce unnecessary compliance burdens, including those that are acting as barriers to achieving net zero targets.

We want to cut red tape where we responsibly can, to ease the burden on businesses, boost trade and make our economies more productive and resilient.

The Albanese Labor Government’s Investor Front Door is now open with the start of a new pilot from today.

The Investor Front Door will make it quicker and easier for investors to back big projects that create jobs and opportunities for Australians.