My question is to the Prime Minister. Why did Labor lie to Australians about your plan to tax them more?

Order! I just want to deal with the word 'lie'. We just want to make sure that it is not directed to a person. Former speakers have directed it to parties and governments. I'm just going to be careful with that word today to make sure it's not directed to an individual. I'm just putting everyone on notice. I've got a list of examples here where we can have that withdrawn. As long as everyone knows the rules, we'll be fine.

I thank the Leader of the Opposition for his question. We are changing the tax system to give young people a fair crack at their first home. That is what we are doing.

Order! The member for Forrest! Members on my left will cease interjecting. There is far too much noise. If the member for Herbert has a prop, he'll not use that. I'm just putting him on notice as well so everyone is crystal clear. No props today as well. If any props are used, you won't be here for the remainder of question time. When the House comes to order, we'll hear from the Prime Minister.

This is a change in our policy, and I'm upfront about that. But, unless we act now, we're looking at a generation missing out. Indeed, someone who was appointed by the Leader of the Opposition had this to say when reflecting about how their political party was going. I quote:

We were timid. We weren't prepared to lean in to the challenges and the lived experience of the next generation of Australians. I'm quite happy to put things up that will robustly challenge the status quo if it means we're going to build a better future …

Order! No! The member for Herbert will leave the chamber. He's holding up a prop. I've asked him not to do that. He'll leave. We're not having props today. I can be crystal clear on this. Nice try, but we're not having them today or any other day, okay?

The member for Herbert then left the chamber.

There's far too much noise. The House is going to come to order, and the Prime Minister is going to be heard in silence.

That was the shadow Treasurer talking in February—words of wisdom and reflection from the shadow Treasurer, when reflecting on how well they were going in replacing the former member for Farrer as leader with this bloke here.

The Leader of the Opposition, on a point of order?

It's on relevance. The question was about Labor's lies.

Order! Well, if you're going to ask a question like that, you're going to get quite the answer. There was just far too much noise. I know everyone seems to exercised today, but we are going to show restraint and respect. We just cannot have this continue. I ask the Prime Minister to be directly relevant to the question.

I talk to young Australians who are this close to giving up any opportunity to aspire to own their own home. I speak to their parents and grandparents, who say that they are worried that their children and grandchildren will never be able to own their own homes. What we are not prepared to do is just sit back and kick the can further down the road. What we are doing is acting—acting in support of aspiration, acting in support of growing the economy, acting in support of housing supply—because there is a difference between investing in an existing home, with negative gearing that benefits the investor, and investing in a new home, which benefits the investor and it benefits the nation.

Honourable members interjecting—

There's been far too much noise from the member for Barker, the member for Casey and the member for Goldstein, who is the author of the MPI today. I'm sure he'll want that to proceed.