Question Time AU

Matter of Public Importance

Cost of Living

House of Representatives · Wednesday 12 August 2026

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

At a glance

The debate centred on the rising cost of living, with the opposition arguing that the government's spending and inflationary policies were harming households. Government members defended their record, highlighting new competition laws, wage increases, and tax cuts. The opposition cited specific price rises in groceries and energy, while the government pointed to penalties for price gouging and support for farmers and low-income earners.

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

Wilson argued that the government pursued an active inflation agenda that increased costs for Australians through stealth taxation and excessive spending. Wilson cited significant price increases in essential goods, noting eggs rose by 36.5 per cent, milk by 29.7 per cent, and bread by 22.7 per cent. Wilson claimed that underlying inflation had risen from 2.1 per cent in August 2021 to 3.6 per cent, exceeding the Reserve Bank's target band. Wilson asserted that government spending fuelled inflation and interest rate rises, which had occurred 15 times under the current administration. Wilson contended that this economic model prioritised political interests over household prosperity and small business confidence.

Government response

Leigh argued that the previous coalition government failed to protect consumers from corporate market power, leaving penalties too low and regulations weak. Leigh stated that since taking office, the government had implemented major competition reforms, including mandatory merger notification and increased penalties for misconduct to $100 million. Leigh highlighted the ban on non-compete clauses for workers earning below $190,000, effective from January next year, to improve labour mobility. Leigh also noted the introduction of mandatory food and grocery codes, bans on price gouging, and regulations on buy-now-pay-later services. Leigh claimed these measures were designed to boost dynamism and reduce prices for households.

Opposition response

Violi criticised the government's budget changes, particularly regarding the innovative business capital gains tax concession, arguing they would harm the technology sector. Violi cited a statement from the Tech Council of Australia and other industry groups claiming the changes would make Australia less attractive for tech startups. Violi referenced concerns raised by Labor members, including the member for Sturt, who agreed with constituents that the government should have taken tax changes to an election. Violi argued that the budget changes negatively impacted self-funded retirees and young investors, suggesting the government was prioritising revenue over economic growth.