Opened the debate
Smith argued that the government had failed to address the cost-of-living crisis, mortgage stress, and business insolvencies over three years. Smith characterised the proposed tax cuts as insufficient, describing them as an election bribe rather than sound economic management. Smith cited data from the OECD and the Reserve Bank of Australia to support claims that living standards had slipped and mortgage stress had increased. Smith urged voters not to support the government, arguing that the budget did not offer a viable plan for future economic stability.