Media Releases

RBA Says Economy Needs More Support Not Less

15 September 2020

RBA Minutes released today point to the intensifying jobs crisis as the recovery stalls across the country and highlight the dangers of Scott Morrison’s cuts to economic assistance later this month.

Morrison Leaves Victorians in the Lurch

08 September 2020

New data released by the ABS confirms almost half a million jobs have been lost since the virus outbreak and that Victorians are the hardest hit.

Deepest Recession in Almost a Century, But Still No Plan For Jobs

02 September 2020

The National Accounts have confirmed Australia is in the deepest recession of our lifetimes, with the economy experiencing the sharpest contraction on record.

RBA Does More While Government Does Less

01 September 2020

The expansion of the Reserve Bank’s economic support is in stark contrast to the Morrison Government’s decision to withdraw support in coming weeks.

Treasurer Comes Up Short

01 September 2020

Today when asked in Question Time how much of the $314 billion in announced economic support has actually been delivered, the Treasurer could only get to $85 billion.

Treasurer Folds in the Face of Backbench Pressure on Super

30 August 2020

This morning Josh Frydenberg made it clear that he is preparing to cave to backbench pressure on the Superannuation Guarantee increase, while praising the widely frauded and rorted early access super scheme as a “wonderful success”.

Investment Crisis Intensifies But No Plan To Address It

27 August 2020

New ABS data today confirms capital expenditure continued its freefall in the June quarter in the absence of a comprehensive plan from the Morrison Government.

520,000 Payroll Jobs Lost

25 August 2020

New ABS data today confirms the jobs crisis is getting worse, not better, with 520,000 payroll jobs lost since the virus outbreak during Australia’s first recession in three decades.

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.