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Senate · Thursday 2 July 2026

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

At a glance

Senators debated the government's economic management, housing policies, aged care reforms, and international investment decisions. Coalition senators criticised the Reserve Bank of Australia's outlook on inflation and interest rates, argued that the government's housing strategy was ineffective, and condemned the use of algorithms in aged care assessments as inhumane. They also highlighted a large investment by Export Finance Australia in an Indian state-owned enterprise that did not involve Australian businesses. Government senators defended the economic data, cited success in the first home buyer deposit scheme, explained the clinical validation of the aged care assessment tool, and justified the export finance decision.

Outcome

Question agreed to.

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

How the debate unfolded

Opened the debate

Smith argued that the Reserve Bank of Australia minutes revealed a worsening economic situation contrary to government claims. Smith stated that international inflationary pressures and domestic issues meant families should prepare for higher interest rates through 2026 and early 2027. Smith claimed the economy was experiencing widespread inflationary pressures, weakening consumer sentiment, and poor productivity growth. Smith attributed these issues to record levels of government spending and denied the Prime Minister's commitment that life would be better under Labor.