Nick McKim (Tasmania, Australian Greens) Share this | Hansard source

My question is to the Minister representing the Treasurer and the Prime Minister, Senator Gallagher. Minister, you have repeatedly refused to acknowledge that some corporations in Australia are engaged in profiteering or price gouging. However, at Senate estimates a couple of weeks ago the Governor of the Reserve Bank, Ms Bullock, agreed that some corporations are using a lack of competition and the cover of high inflation to hike prices above what is required to meet increases in their input costs. Ms Bullock joins the growing consensus among economists, including at the OECD, the IMF, the central reserve bank, the Bank of England, the Federal Reserve, the Australia Institute and former ACCC chair Mr Alan Fels that corporations are price gouging to boost their profits in a cost-of-living crisis, which is making inflation worse. Will you finally accept the truth?