Media Releases
Super Contributions Go Negative
25 August 2020
New APRA figures released today reveal that for the first time since compulsory superannuation was introduced three decades ago, quarterly net contributions to super accounts were negative.
Lack of Jobs Plan a Handbrake on Recovery
18 August 2020
RBA Minutes released today highlight the escalating jobs crisis facing Australia, with ongoing economic uncertainty putting Australia’s recovery at risk.
PM’s Broken Promise Would Smash Retirement Incomes
15 August 2020
If Scott Morrison goes back on his commitment to the long-promised, legislated, and overdue Superannuation Guarantee increases it will be an attack on workers and their standard of living in retirement.
More Than One Million Australians Unemployed
13 August 2020
Today’s ABS Labour Force figures reveal that more than one million Australians are unemployed for the first time ever, with 528,000 jobs lost since the virus outbreak.
Consumer Confidence Collapses
12 August 2020
New figures out today show that consumer confidence has collapsed again to levels not seen since the virus outbreak began.
Weakest Wage Growth In Three Decades
12 August 2020
New figures today reveal that wages growth has collapsed further in the middle of Australia’s first recession in 30 years, after already hitting record lows under this Liberals-National Government.
Jobs Crisis Intensifies
11 August 2020
New ABS data today confirms even more payroll jobs have been lost since the virus outbreak, during Australia’s first recession in three decades.
JobKeeper 3.0 Welcome Tweak But Not A Plan
07 August 2020
Labor welcomes the Government’s latest attempt to get the JobKeeper program right and we will work through the details of the announcement.
Unemployment Higher For Longer But Still No Plan
07 August 2020
The Reserve Bank’s latest Statement on Monetary Policy highlights the enormous scale of the jobs crisis facing Australia, with unemployment forecast to remain higher for longer.
RBA Interest Rate Decision (August 2020)
04 August 2020
Today’s statement by the Reserve Bank highlights the urgent need for a plan to tackle high and rising unemployment and a national approach to containing the virus outbreak.