The minimum wage has gone up $12,000 a year under Labor.
Around 3 million workers just got another pay rise.
And every taxpayer just got another tax cut.
This is the cost of living relief that millions of Australians need and deserve.
Whether it's more tax cuts for every taxpayer, higher wages for workers or a fairer tax system to help first homebuyers get into the market, Labor is delivering real change that will make a meaningful difference to Australians.
GET THE FACTS: IMF data shows that Australia has surged up global rankings for the best budget management to have one of the three strongest balances in the G20.
Under our predecessors in 2021, Australia ranked just 14th.
Responsible economic management is a hallmark of this Albanese Government.
From today we're cutting taxes again and millions of workers will get a pay rise.
Labor's tax cuts will start rolling out for every taxpayer from today. Our five tax cuts will benefit the average worker by up to $2816 a year.
Award and minimum wage workers are getting a pay rise today and that's a good thing. The minimum wage is up more than $12,000 since we came to office four years ago.
A big day today with more cost of living relief coming in the form of more tax cuts and pay rises, payday super and an extension to paid parental leave, fuel tax relief and the small business instant asset write off.
We know people are under pressure thatโs why the Albanese @AustralianLabor Government is delivering this cost of living help at the same time as we deliver real change in the tax system to make it easier for first home buyers.
Taking a moment to thank Uniting aged care workers at Weston this morning, the day before we see another boost to award wages in these really important industries.
Tomorrow we cut taxes again, boost wages again, expand paid parental leave again, start payday super and extend fuel excise relief.
We are delivering cost of living relief for workers and first home buyers, parents and motorists.
Early very chilly start on morning TV talking about all the new cost of living help that kicks in from tomorrow: tax cuts, wage rises, more paid parental leave, super on payday and an extension to fuel tax relief.
BREAKING: Labor's fuel tax cut for July has just passed the Parliament which will save motorists around $11 every time you fill up your tank.
It's just one way we're delivering cost of living relief, with another round of tax cuts for every taxpayer rolling out from this Wednesday as well.
Weโre delivering more tax cuts and cost of living help and weโre delivering real change to the tax system to make it fairer for first home buyers and to address the legitimate concerns people have about their place in our economy.
We're cutting taxes for workers and making it easier for Australians, especially young Australians, to get a toehold in the housing market.
That's why these reforms are a win for Australian workers and first homebuyers.
BREAKING: Our legislation to deliver more tax cuts for workers and a fair go for first homebuyers just passed the Parliament.
Itโs the most significant reform of the tax system in over a quarter of a century, and it's all about helping more first homebuyers into the market and delivering another tax cut for every Australian worker.
This is a victory for Australian workers and first homebuyers.
BREAKING: New jobs numbers just out show the unemployment rate fell to 4.4% in May and 40,300 new jobs were created.
This is a very welcome reminder of the strength of our labour market and the resilience of our economy in the face of all this global uncertainty.
It means more than 1.25m jobs have now been created on our watch, most of them full time.
This Albanese Labor Government has overseen the lowest average unemployment of any Australian government in the last half a century.
BREAKING: We've just introduced legislation that will deliver for every Australian small business.
It'll make the $20,000 instant asset write off permanent, saving small businesses around $32 million per year in compliance costs, and also bring in permanent two-year loss carry-back which will support 85,000 Australian businesses.
BREAKING: New numbers from the ABS show that inflation has come down again for the second month in a row.
Headline inflation was 4.0% in the 12 months to May, down from 4.2% in April.
Todayโs data was much better than market expectations and forecasts.
We understand people are under pressure which is why we are rolling out responsible cost of living relief including cutting taxes five times in three ways, cheaper medicines and extending the cut to the fuel excise.
It's 1 week until our payday super reforms come into effect.
This will mean Australians get paid their super when they get paid their salary.
These reforms are about making sure your super is paid, and paid on time.
Weโve secured support to get our tax reforms through the Parliament.
This will mean a fair go for first homebuyers, tax cuts for workers and a fairer tax system as well.
BREAKING: Labor is another step closer to delivering tax reforms for workers, first homebuyers and small businesses.
Our reforms will make it easier for Australians to buy their first home, cut taxes for over 13 million workers, and better align the tax treatment of labour and asset income.
Today the Greens have confirmed they will support passage of the first tranche of tax reform legislation.
It is now a question for the rest of the Parliament whether they will get on board with tax cuts for workers and a fairer tax system for home buyers.
Spent some time with young retail workers brought to Canberra by the SDA today, hearing about their goals and talking about our efforts to cut their taxes, boost their wages and super, and make it easier for them to buy their first home.
BREAKING: We've just introduced legislation to cut fuel taxes for another month.
This is more support that'll help take the sting out of prices and help more Australians with the cost of living.