Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

First, the economic proposition that well-functioning markets will ensure you get efficient prices is the correct one. The senator is right that it would be inappropriate for any corporation or any firm to utilise current supply constraints to profiteer. That would be inconsistent, I think, with the expectations of the Australian people, and would also be an economically unreasonable thing to do in terms of the broader economy.

I'll make the point, though, that the policy proposition that the Greens go to, to respond to that, is obviously not the policy proposition that the Labor government would go to. What we would say is that we welcome good profit growth when it is accompanied by strong investment, competitive with markets and a fair return for workers. We would hope that Australia's existing regulation— (Time expired)