Question Time AU

Matter of Public Importance

Cost of Living

Senate · Tuesday 24 March 2026

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

At a glance

The Senate debated a motion regarding the impact of Middle East conflict on Australian cost of living, specifically focusing on petrol prices, gas export taxation, and helium supply. Independent and Greens senators argued for a 25 per cent gas export tax and the reinstatement of helium to the Critical Minerals List to address supply vulnerabilities and fund public services. Government senators defended their record on cost-of-living relief measures and fuel security, arguing that resource taxation is complex and risks investment. Opposition and One Nation senators attributed the crisis to supply-side failures and regulatory burdens, with One Nation supporting the motion's focus on helium.

Outcome

The motion was negatived.

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

How the debate unfolded

Opened the debate

Tyrrell argued that ordinary Australians were being penalised for global conflicts through high fuel and grocery prices. The senator proposed a permanent 25 per cent tax on gas exports to fund a sovereign wealth fund and improve public services, alongside a temporary windfall profits tax during crises to reduce fuel excise. Tyrrell also highlighted Australia's total dependence on imported helium, noting that supply disruptions threatened healthcare and defence capabilities, and called for helium to be reinstated to the Critical Minerals List.

Opposition response

Bragg attributed the cost-of-living crisis to long-standing supply-side failures and excessive regulation under the government. The senator argued that high taxes and red tape made it uneconomic to develop domestic resources, including oil, gas, and housing. Bragg contended that the government had failed to utilise Australia's resource potential, leaving the country vulnerable to global shocks and unable to provide affordable energy and housing.