Stephen Jones 2022

The Hon Stephen Jones MP
Assistant Treasurer and Minister for Financial Services

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The Hon Stephen Jones MP
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Assistant Treasurer and Minister for Financial Services

Insurance Affordability and Natural Hazards Risk Reduction Taskforce

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The Albanese Government is establishing the Insurance Affordability and Natural Hazards Risk Reduction Taskforce as part of the federal budget to develop an integrated, cross‑government approach to minimising the impacts of disaster on the community and help address insurance costs driven by more frequent and intense weather events.

Tax reform to ease cost‑of‑living pressure, support investment and a Future Made in Australia, and create a fairer system

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The Albanese Labor Government is delivering a tax cut for every taxpayer because we want hardworking Australians to keep more of what they earn.

This Budget continues our government’s methodical approach to tax reform and includes measures to make meaningful tax changes to benefit all Australians, support investment, build a Future Made in Australia and strengthen compliance.