Media Releases


22 July 2022

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.

Increase to foreign investment fees and penalties

22 July 2022

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

Reserve Bank Appointment

20 July 2022

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

Review of the Reserve Bank

20 July 2022

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.

ACCC appointment

14 July 2022

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.

Finance Ministers and Central Bank Governors G20 Meeting

14 July 2022

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.

Jobs and Skills Summit to be held in September

11 July 2022

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

RBA Interest Rates Decision 05/0722

05 July 2022

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.

A Super Increase For Hardworking Australians

01 July 2022

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

Joint Statement To Mark The 30th Anniversary Of Compulsory Superannuation

01 July 2022

Today marks the 30th 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.