With the eyes of the world on Brisbane, Prime Minister Anthony Albanese and Premier Annastacia Palaszczuk are delivering the important infrastructure that will be at the heart of the Brisbane 2032 Olympic and Paralympic Games and leave an enduring Games legacy.

The Queensland Government will fund the $2.7 billion redevelopment of the Gabba while the Federal Government will provide $2.5 billion for the Brisbane Arena development. Sixteen new or upgraded venues will receive close to $1.87 billion in co-funding on a 50/50 basis between the two governments.

ANTHONY ALBANESE, PRIME MINISTER: This is a great day for Brisbane, a great day for Queensland, but a great day for Australia as well. This agreement of $7 billion shows what governments can do when they work together. And I've been working so closely with Annastacia and her team to get this done. When there was a change of government, it was very clear that there hadn't been any money actually allocated in the budget for federal infrastructure support for the Games here in Queensland.

ANTHONY ALBANESE PRIME MINISTER: Minister, can I welcome you, very much, back to Australia. You're a regular visitor here. And I, of course, am looking forward to being in India in just a few weeks' time now for the bilateral visit. And I thank Prime Minister Modi for the invitation. And then, of course, I will welcome the Quad Leaders meeting, including Prime Minister Modi, that we will be hosting here in just a short period of time in the first half of the year. And then, of course, there will be another visit for the G20 in the second half of the year.

GREG ‘BRANDY’ ALEXANDER, HOST: Vossy, we could talk to our next guest about a range of issues, interest rates, price of living, Chinese weather balloons, but I'm pleased to say our special guest is Australia's Prime Minister and he's on the line. Good morning, Prime Minister.

ANTHONY ALBANESE, PRIME MINISTER: Good morning Brandy. How are you?

BRANDY: I'm good. Now, where are you hosting the Super Bowl party? Is it Kirribilli House or The Lodge today?

Prime Minister Anthony Albanese will welcome the Prime Minister of the Republic of Vanuatu, the Honourable Alatoi Ishmael Kalsakau, and Madame Ellene Kalsakau to Australia from 14 - 16 February.

Australia and Vanuatu are strong partners based on a shared commitment to a prosperous, peaceful, resilient region.

This will be the first official visit to Australia by a Prime Minister of the Republic of Vanuatu since 2018.

Today, the Prime Minister and Deputy Prime Minister received the final Defence Strategic Review (DSR) report.

Authored by former Minister for Defence, His Excellency Professor the Hon. Stephen Smith and former Chief of the Defence Force, Sir Angus Houston, the Defence Strategic Review is an independently led examination of Australia’s defence force posture, force structure and capabilities.

Prime Minister Ishmael Kalsakau and Prime Minister Anthony Albanese met for the first time and held bilateral talks on 15 February 2023 in Canberra. The Prime Ministers celebrated the long-standing partnership between Australia and Vanuatu and discussed the two countries’ work together on shared challenges and their mutual efforts to support a peaceful, prosperous and resilient Pacific region.

CHARLIE PICKERING, HOST: Now to political news in Victoria and former union official Mary Doyle will be Labor's candidate in the Victorian seat of Aston which will soon go to a by election. When Liberal MP Alan Tudge resigns, but as exciting as a shiny new candidate, is the Federal Government has headaches on multiple fronts. Inflation is persistent, interest rates continue to rise and, and really bite for homeowners. And yesterday, we heard news that the unemployment rate has also gone up.

VOICEOVER: I present the honorable Anthony Albanese Prime Minister. Albanese, Albanese.

MATT ACTON, HOST: Prime Minister is on, good morning mate.

PRIME MINISTER: Hey, how you going? The Eagles want their royalties.

ABBY COLEMAN, HOST: We only played a little grab, we know the limit.

STAV DAVISON, HOST: We cut it before we've got to pay.

HOST: We take it to the limit.

PRIME MINISTER: Very sensible.

Welcome back.

It feels like we never left. Well I didn’t.

It is good to be back here and it’s good to be back here on this side of the partyroom meetings.

In 2022, since May, we’ve certainly hit the ground running.

But 2023 will be the year of further delivery on our commitments for a better future.

If you look at what we put in place in 2022, we have already extensively carried legislation which is already making a difference.

On the 1st of January, cheaper medicines began, the first decrease in 75 years.