House debates

Thursday, 4 July 2019

Questions without Notice

Economy

3:15 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Leader of the Opposition) Share this | | Hansard source

My question is again addressed to the Prime Minister. Why has the national economy fallen from the eighth-fastest growing economy in the OECD when they were elected in 2013 to the 20th today?

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Prime Minister) Share this | | Hansard source

I'm pleased to see that the Leader of the Opposition is being very inclusive with his new team today—very inclusive! Apparently they're a team of one on that side. I suspect that speaks volumes about the support for the Leader of the Opposition.

GDP growth, the growth of the economy today, is stronger than every G7 economy except the United States. We are in the 28th year of uninterrupted growth. Our economy, when I was recently at the G20, is the economy that other world leaders want to know more about because of its success. One of the reasons they want to know that is because 1.4 million jobs have been created on the watch of this government since we were first elected in 2013 and, importantly, it was at a growth of 2.9 per cent a year—2.9 per cent a year in jobs growth. When the Labor Party left office it was 0.2 per cent. So the rapid growth in employment speaks volumes about the Australian economy.

The Reserve Bank have said very clearly in their most recent statement that the Australian economy is growing, that the consumption growth looks forward, that the employment growth has continued to be strong, that a further gradual lift in wages growth is still expected and that there are tentative signs that prices are stabilising in the housing market in Sydney and Melbourne. We are creating 1,000 jobs a day. The alternative being offered by the Leader of the Opposition at the last election and that he now seeks to carry forward—

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Leader of the Opposition on a point of order.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Leader of the Opposition) Share this | | Hansard source

This was one of the shortest questions ever asked of you—

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

No, I don't want to have a discussion.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Leader of the Opposition) Share this | | Hansard source

Relevance—he needs to answer why it was eighth and now it's 20th. Why?

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

I think the Prime Minister is in order. There can be more than one reason.

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Prime Minister) Share this | | Hansard source

Our government is going to get on with the job of continuing to strengthen our economy. Our side of the House believes in tax relief. The Labor Party have come into this place this week and they have said to Australians that they have learnt nothing about the need to let them keep more of what they earn. What is it about tax relief and tax cuts that the Labor Party are so opposed to? Why do they cling to this outdated and moribund view that says you have to tax Australians more to grow the economy? We took an economic plan to the Australian people, which they endorsed. They rejected the Labor Party's plan of higher taxes. What is it about higher taxes that the Labor Party are so obsessed with that means they remain shackled to this view of the world?

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

Has the Prime Minister concluded his answer?

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Prime Minister) Share this | | Hansard source

No.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Leader of the Opposition on a point of order.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Leader of the Opposition) Share this | | Hansard source

It goes to relevance. They've been in government since 2013—

The SPEAKER: I'll ask the Leader of the Opposition to resume his seat and I'll give him the benefit of the doubt. The standing orders, which I think he was responsible for introducing, say that you can only bring up a point of order on relevance once in an answer.

Photo of Mr Tony BurkeMr Tony Burke (Watson, Australian Labor Party, Shadow Minister for the Arts) Share this | | Hansard source

Raising a point of order under 91(e): in your earlier ruling, you said that the Prime Minister was in order based on the issues he was talking about then. Now he's gone down a completely different path, which is not consistent with the ruling you made.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

I thank the Manager of Opposition Business for his point of order, but I'm the judge of whether the Prime Minister's being relevant. I am going to hear him for the next up to 19 seconds.

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Prime Minister) Share this | | Hansard source

The final say on who was better to manage the Australian economy was rendered by the Australian people at the last election, and it was the coalition government of the Liberals and Nationals. The Australian people have had their say on the economy, and they voted for the coalition government. (Time expired)