During a press conference held today, Prime Minister Anthony Albanese highlighted the passage of 45 pieces of legislation this week, emphasizing the government's focus on cost of living and significant economic reforms.

The Senate approved 31 bills on the evening of November 28, including reforms to the Reserve Bank and tax laws designed to boost domestic production, as well as a ban on social media use for children under 16.

Proposed measures from these reforms include new penalties for supermarkets, increased pay for childcare workers, and controlling childcare fees, all aimed at alleviating financial burdens on families.

In a bid to address housing issues, the government aims to increase rental properties by 80,000 through changes to build-to-rent policies.

Recent figures indicate that the budget is $6.4 billion ahead of earlier forecasts, primarily due to a rise in personal income tax revenue linked to a robust job market.

Looking ahead, the government's fourth budget, set to be released on March 25, 2025, is expected to reveal a significant deficit of $28.3 billion for the current financial year.

During the press conference, Albanese addressed immediate issues such as inflation and changes to immigration laws while also focusing on long-term reforms.

Albanese expressed a desire to reform electoral donation laws, indicating potential future legislative efforts after parliament resumes on February 4, 2025.

Reiterating his commitment to the public, Albanese stated, 'We have your back,' underscoring that the government's top priority is to support citizens amid rising economic pressures.

Opposition Leader Peter Dutton criticized the Albanese government's performance, suggesting it is 'running on three flat tyres' as the parliamentary session nears its end.

Dutton further described the government's rapid legislative passage as a sign of desperation, likening it to a 'going-out-of-business sale.'

In light of these developments, Albanese announced his election campaign slogan, which emphasizes the government's support for ordinary Australians following the passage of these significant reforms.