CHARLES CROUCHER: Thank you, Prime Minister. Thank you, everyone, for being here. My name's Charles with the Nine Network. It's lovely to be here and we're going to try and as much as possible get to your questions. So, if you have one from the floor, whack your hand up. Otherwise, use the QR codes you have on the table. If you'd like to double the chances, whack your hand up and use the QR code. And that's the best way to do it. While that's happening, I'm going to start. Prime Minister - big day today.

I begin by acknowledging the traditional owners of the land on which we meet and I pay my respects to their elders past, present and emerging.

Every year, CEDA’s State of the Nation Conference invites all of us caught up in the busy rush of a Parliamentary sitting week, to take a breath. 

To zoom out from the day to day, hour by hour, minute by minute political contest, and look to the long term.

CEDA frames its work around the Australia of 2050.

I begin by acknowledging the traditional owners of the land on which we meet and I pay my respects to their elders past, present and emerging.

I acknowledge members and senators here this evening.

And members of the diplomatic corps.

I extend my thanks to Embassy staff, and I particularly want to acknowledge Chargée d’Affaires, Erika Olson.

Erika has led the American mission in Australia with distinction, and on behalf of the Australian Government I wish her the very best for the future.

One week to go: Bundle of joy for new parents as paid parental leave expands to 6 months

In one week, the Albanese Labor Government will deliver a major expansion of Paid Parental Leave, helping new parents spend more time at home with their newest family member.

From 1 July eligible families will be able to access up to 26 weeks of Paid Parental Leave, backed by the Government.

Thanks to Labor’s changes, families accessing the full entitlement will receive almost $30,000 across their Paid Parental Leave.

I begin by acknowledging the traditional owners of the land on which we meet, and I pay my respects to Elders past, present and emerging.

I also acknowledge Her Excellency the Governor-General, Sam Mostyn; Australian Defence Force leaders; Australian War Memorial Chair Kim Beazley; Australian War Memorial Director Matt Anderson; and my colleagues from across the Parliament.

I extend my respects to all serving Defence members and all veterans here today. You honour us with your presence.

Each year, we begin the Parliamentary year with the Last Post ceremony.

ANTHONY ALBANESE, PRIME MINISTER: Thank you so much for joining us. Our tax reforms will make it easier for Australians to buy their first home and they'll cut taxes for every Australian worker. Our tax reforms give support to small business. And we will amend our legislation to give every active small business generous capital gains tax concessions. Our tax reforms will give better alignment for income earned from work with income earned from assets and wealth. Most Australians have nothing to sell but their time. Nothing to give but their hard work.

The Albanese Government is another step closer to delivering its tax reforms for workers, home buyers, and businesses. 

These 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 first home buyers.

I consider Keir Starmer a friend and I'm thinking of him on what must be a very tough day.

Serving in public life is a tremendous privilege but politics can also be a harsh business. 

When the time comes for Keir to leave Downing Street, he can be proud of the contribution he has made to the country he loves and to the Labour Party that he led back to Government in 2024.

Today the Prime Minister convened National Cabinet for the sixth time since the conflict in the Middle East began.

At today’s meeting Energy Minister Chris Bowen and Fuel Supply Taskforce Coordinator Anthea Harris provided an update on Australia’s fuel security.

Australia’s fuel supply outlook remains secure in the near term, however we are working hard to prepare for contingencies in the event of supply disruptions in fuel and fertiliser.

The Albanese Government has announced the nation’s largest ever defence export, with the signing of a government-to-government arrangement with Canada to export an Australian Over the Horizon Radar (OTHR) system.

This $2.5 billion agreement marks the first international sale of Australia’s world-leading OTHR technology, building on the proven success of the Jindalee Operational Radar Network (JORN) while supporting hundreds of Australian industry jobs.