My question is to the Treasurer. Why is tax reform and responsible economic management so important at a time of global economic uncertainty?

I thank the member for Melbourne for her question and for the really important role that she plays on our team on this side of the House. This morning, and through the course of the day, two very important tax reform bills passed the parliament. Both of those bills were about funding income tax cuts for workers. They were about making the housing system fairer for first home buyers. They were also about incentivising more investment and more innovation in our tax reform package.

These ambitious tax reforms from the budget are a really important way that we are making the tax system stronger and fairer, making the budget stronger and fairer and incentivising investment, particularly when it comes to start-ups and innovation. All of this work that we are doing has been the subject and the outcome of some very substantial consultation. I thank people who were engaged in that. In many instances, the reforms that we put to the parliament today came from decades and decades of recommendations of different reviews and reports.

At a time when the global environment is particularly uncertain and volatile and when the pressures on people and the budget—generational pressures and global pressures—are intense, our economic plan and our reform agenda is more important than ever across all five areas. There's our energy security and energy transformation agenda. Gas reservation more important than ever in the context of higher prices and stretched supply chains. There's our cost-of-living agenda via the tax system, income tax cuts and the health system. That's more important than ever in the face of persistent price pressures. There's our productivity agenda and our trade agenda—absolutely central to raising living standards over time. Our budget repair agenda is finding $180 billion in savings, including a record $63 billion in the last budget. It's more important than ever in the context of intensifying budget pressures. There's the tax reform agenda as well, which, as I said, is cutting taxes for workers, making the tax system fairer and making the housing market fairer for first home buyers at the same time as we better align the tax treatment of income from working and income from assets.

We know that tax reform in this country can be difficult. We know that economic reform in this country can be difficult. If it weren't, those opposite would have done some in their nine years in office. But they didn't do any economic reform or any tax reform. They didn't lift a finger to make the housing market better for first home buyers. We've taken on some difficult reforms in this legislation that passed the House today, not because it was easy but because it was the right thing to do in the context of an uncertain global environment. The intergenerational pressures are piling up. The budget pressures are intensifying. That's why our responsible economic management and our tax reform is so important.

Order! The members for Goldstein, Forrest and Herbert are on warnings, as I indicated to the House. The member for Forrest ignored that warning and interjected right throughout that answer. So he'll now leave as a consequence of his actions.

The member for Forrest then left the chamber .