House debates

Wednesday, 23 November 2022

Questions without Notice

Economy

3:00 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

Thank you very much to the member for Fowler for her question and for her interest and obviously for the way that she's engaged on these issues for some time now. The reason we are prepared to make that temporary, meaningful, responsible intervention in these markets between now and the end of the year is that we do think it's unacceptable, the sorts of price rises which are anticipated by the Treasury and contained in the budget papers that I released about a month ago. The Australian people are paying a very hefty price for Russia's aggression in Ukraine and for a decade of coalition incompetence when it comes to energy markets. The reality is—

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