Sam Rae (Hawke, Australian Labor Party) Share this | Link to this | Hansard source

Today is Melbourne Cup day, the third running of the cup since we took the reins of government. Two and a half years ago, when the Albanese Labor government entered this race, we knew those opposite had left Australia in a tough spot. A quick look at the form guide revealed a Liberal track record of rising inflation, a crumbling Medicare, a decade of deliberate wage suppression and a trillion dollars of Liberal debt.

However, despite the heavy handicap left by the coalition, the Albanese Labor government did not stumble out of the gates, instead setting a clear path to deliver for Australians doing it tough. From the very start, our government has kept a strong pace by delivering cheaper medicines, more bulk-billing, energy bill relief and a tax cut for every Australian taxpayer. As inflation falls and real wages rise, we're gaining ground, proving that careful planning and a strong stride forward can achieve what the Liberals could not.

The race is not over yet, though. Looking ahead, the Albanese Labor government is committed to giving every Australian a fair start out of the gates. Our promise of permanent fee-free TAFE will open up clear pathways for young people and those looking to reskill, ensuring they're saddled with skills and not debt. For those already burdened by student debt, we're easing the load, letting them ride with confidence into the future.

While the Melbourne Cup is the race that stops the nation, the Albanese Labor government is powering ahead without pause. We're committed to building Australia's future. (Time expired)