The Albanese Government will nominate Rob Nicholl for appointment as the Executive Director at the International Monetary Fund and Kerstin Wijeyewardene as the Alternate Executive Director at the World Bank for two year terms starting in November.

The Albanese Labor Government is delivering on its election commitment to increase foreign investment fees and penalties.

Mark Barnaba AM has agreed to serve another year on the Reserve Bank Board at my request.

Today I announce the first wide‑ranging review of the Reserve Bank of Australia since the current monetary policy arrangements were instituted in the 1990s.

The Albanese Government has today nominated Ms Catriona Lowe to be a Deputy Chairperson of the Australian Competition and Consumer Commission (ACCC) for a five‑year period starting on 27 January 2023.

I am attending the G20 Finance Ministers and Central Bank Governors Meeting in Indonesia with Reserve Bank Governor Philip Lowe from 15 to 16 July.

The Albanese Labor Government’s Jobs and Skills Summit will be held at Parliament House in Canberra on 1‑2 September.

Today’s decision by the independent Reserve Bank to increase interest rates by half a percentage point is very challenging news for hardworking Australians already doing it tough.

From today, Australian workers will benefit from a boost to their superannuation.

Today marks the 30^th anniversary of one of Australia’s greatest assets and one of Labor and the union movement's proudest legacies - our nation's world-class superannuation system.