Question Time AU

Matter of Public Importance

Economy

House of Representatives · Tuesday 11 August 2026

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

At a glance

The debate centred on the government's economic record, with opposition members arguing that tax increases, high inflation, and migration levels have worsened living standards and housing affordability. Government members countered that their policies, including tax cuts, cheaper medicines, and wage increases, are delivering relief and responsible fiscal management. The opposition proposed a tax-back guarantee and linking migration to housing supply, while the government highlighted job creation and structural reforms to negative gearing. No vote was taken as this was a Matter of Public Importance.

Outcome

The debate concluded without a vote, as is standard for Matters of Public Importance.

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

How the debate unfolded

Opened the debate

Hogan argued that the government's tax increases, including changes to capital gains tax and negative gearing, have damaged the risk-reward ratio for entrepreneurs and small businesses. Hogan claimed that high net overseas migration of two million people over five years has exacerbated the housing shortage and driven up rents. Hogan stated that core inflation in Australia was 3.6 per cent, significantly higher than in comparable nations, and attributed this to government spending. Hogan criticised the government for failing to deliver on promises to reduce energy bills by $250, arguing that net zero policies were driving up costs. Hogan outlined opposition plans to implement a tax-back guarantee to index tax brackets to inflation and to tie migration levels to new housing construction.

Government response

McBride defended the government's economic management, citing the reaffirmation of Australia's triple A credit rating by S&P Global. McBride highlighted cost-of-living measures, including freezing PBS medicine costs at $25 and $7.70 for concession card holders, which she said had saved Australians $2.9 billion. McBride noted that 1.25 million jobs had been created, with five out of six in the private sector, and that real wages had grown in eight of the last ten quarters. McBride argued that reforms to negative gearing would direct investment toward new housing construction rather than existing stock, addressing structural housing challenges. McBride contrasted the current record with the inherited situation of falling real wages and weak business investment.