Question Time AU

Matter of Public Importance

Economy

Senate · Tuesday 25 March 2025

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

At a glance

The debate centred on Senator Rennick's motion criticising major parties for leaving young Australians with high debt and unaffordable housing. Government and opposition members clashed over economic records, with the Coalition blaming Labor for rising costs and Labor highlighting its housing initiatives. Crossbenchers raised concerns about climate action, immigration impacts on living standards, and systemic inequities affecting vulnerable youth.

Outcome

The motion was debated as a Matter of Public Importance; no vote was taken.

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

How the debate unfolded

Opened the debate

Gerard Rennick (QLD) (Independent) Gerard Rennick People First

Senator Rennick argued that two decades of economic mismanagement by major parties had resulted in $1 trillion in national debt and unaffordable housing for younger generations. Rennick criticised the government and opposition for engaging in a spending race rather than addressing long-term structural issues. Rennick advocated for tapping into Australia's natural resources and infrastructure potential, citing examples such as redirecting rainfall and developing domestic industries. Rennick also highlighted concerns about job outsourcing and foreign ownership in the renewable energy sector, urging a focus on Australian interests.

Opposition response

Senator Smith contended that the Labor government had caused the largest fall in living standards in history, with high inflation and unaffordable housing. Smith outlined the Coalition's plan to reduce tax and red tape, lower energy costs through a mix of renewables, gas, and nuclear power, and improve housing affordability by restricting foreign investment. Smith argued that the upcoming budget would reveal continued deficits and failed economic management under the current government.