Opened the debate
Pike argued that Australia was experiencing the largest collapse in living standards among OECD nations, risking a poorer future for the next generation. Pike outlined the Opposition's plan to axe several taxes, including changes to capital gains tax, trust tax, and negative gearing, and to introduce a tax back guarantee to address bracket creep. Pike proposed doubling fuel reserves to 60 days, lifting the ban on nuclear power, and designating key energy projects as national strategic priorities. Pike also advocated for capping net overseas migration below the number of new homes completed and limiting welfare access to Australian citizens.