Media Releases

This Crisis Shouldn't be an Excuse for More Attacks on Super

21 April 2020

We read today about another sneaky attack on superannuation as Josh Frydenberg asks the Australian Securities and Investments Commission to monitor and if necessary insist on changes to fund material designed to inform members of the cost of reducing their balances.

ABS Figures Confirm Job Losses and Hit to Incomes

21 April 2020

Today’s Weekly Payroll Jobs and Wages in Australia release by the ABS has highlighted the profound impact this Coronavirus outbreak is having on workers across the economy.

RBA Not Expecting Employment to "Snapback"

21 April 2020

Today’s update by the Reserve Bank highlights the profound impact of the virus on the economy and workers, with the unemployment rate expected to hit double digits and remain elevated for some time.

Labor Welcomes Mandatory News Media Code

20 April 2020

Labor welcomes the announcement that the ACCC will move to impose a mandatory code of conduct to govern commercial dealings between digital platforms and news media companies.

Treasurer's False Claims Rebuffed by International Monetary Fund

16 April 2020

The Treasurer’s claims that the International Monetary Fund’s confronting forecasts for the Australian economy don’t take into account the legislated JobKeeper wage subsidies were false.

IMF Forecasts for Australian Growth and Unemployment

15 April 2020

The IMF is forecasting a bigger hit to Australia’s growth than comparable countries this year, and high unemployment over the next two years, despite substantial and welcome support that has passed through the Parliament.

Double-Digit Unemployment Estimates From Treasury

14 April 2020

The Commonwealth Treasury expects hundreds of thousands of jobs could be saved by the wage subsidies Labor called for and supported in the Parliament.

RBA Interest Rate Decision (April 2020)

07 April 2020

Labor supports the Reserve Bank’s ongoing action and extraordinary steps to support the economy and the financial system at this challenging time.

Statement on Changes to FIRB Arrangements

30 March 2020

Labor notes the announcement that the Foreign Investment Review Board will, for the time being, scrutinise all bids by foreign investors looking to take over Australian businesses.

Statement on the Third Economic Response to Coronavirus

30 March 2020

Labor is supportive of the third economic response to Coronavirus announced by the Morrison Government today.