Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

That was the plan that went through every state and territory leader, Labor and Liberal. It's true there are no Nats there, so we don't know where the Nats would've stood. But every state Liberal leader, including the Premier of New South Wales, voted for this plan, and indeed responsible oppositions, such as the New South Wales opposition, voted for the plan as well. And you know what has happened as a result of our announcing the plan? Wholesale prices have halved as a result. This is what Philip Lowe, the RBA Governor, had to say just last week:

This episode of high inflation has its origins mainly in developments on the supply side—

something that the minister for industry was just talking about—

but, over time, demand-side factors have become more prominent. It emerged in the wake of the COVID supply chain disruptions and Russia's invasion of Ukraine …

That is what the Reserve Bank Governor said last Friday. Now, we are dealing with that in a practical way. We brought forward legislation and, indeed, brought the parliament back here last December for extraordinary action due to the extraordinary circumstances which were there.

Opposition members interjecting—

You didn't. You voted against $1½ billion of assistance, and I hope you've told your constituents that.

Opposition members interjecting—

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