Question Time AU

Matter of Public Importance

Cost of Living

House of Representatives · Tuesday 4 February 2025

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The debate centred on the decline in Australian living standards, with opposition members citing rising costs for food, energy, and housing, while government members highlighted falling inflation, wage growth, and targeted relief measures. The opposition criticised the government's spending and energy policies, whereas the government defended its record on jobs, debt reduction, and cost-of-living assistance. A significant portion of the debate focused on the opposition's proposed tax break for small businesses, which the government characterised as a costly loophole for business owners. The discussion concluded with contrasting views on the effectiveness of current policies versus the opposition's proposed economic reforms.

Outcome

The matter of public importance was debated without a vote being taken.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Taylor argued that living standards had fallen by 8.7 per cent since the government took office, with food prices rising by 12 per cent and electricity by 32 per cent. Taylor stated that mortgage holders had paid an average of $50,000 in additional interest and that 27,000 small businesses had become insolvent. Taylor claimed that the government's wasteful spending, including the addition of 36,000 public servants, was driving inflation and hurting families. Taylor advocated for a balanced energy mix including gas and nuclear power, and increased housing supply to address cost pressures.

Government response

Leigh criticised the opposition's proposed tax break for small businesses, estimating the cost at between $1.6 billion and $10 billion annually, which he described as taxpayer-funded lunches for bosses. Leigh argued that the policy would undermine the fringe benefits tax introduced in 1985 and fail to boost productivity or fairness. Leigh highlighted the government's achievements, including energy bill relief, tax cuts, cheaper medicines, and a mandatory food and grocery code. Leigh warned that opposition plans to cut public service jobs could threaten national security and delay government services.