Tim Ayres (NSW, Australian Labor Party, Minister for Industry and Innovation) | Hansard source

In 20 November 2025, the minister wrote to the Senate and explained very clearly that disclosure of some documents in the scope of this order would be excluded where they disclosed the deliberations of cabinet or prejudiced Commonwealth-state relations. Those are utterly reasonable and completely normal bases for public interest immunity claims. The government has made clear to you what the outcome of this modelling was—a home price impact of around half a per cent over six years. Over the course of the last 10 years, house prices have continued to increase. They go up and they go down, but the trajectory is up. The impact on that would be half a per cent over six years.

You're all very confused about whether that's a good thing or a bad thing. He said something, some of you have said other things—they are in complete contradiction to each other. They may not fit what passes for a political campaign on the other side—what remains of the other side of this chamber. It may not suit what whoever's going on about this thinks is a successful campaign, but what I can tell you is that 270,000 Australians—mostly young Australians—have accessed this scheme, and you want to take it away from them. It has been life-changing for more than a quarter of a million young Australians. It's life-changing for young Australians, and you want to take those homes out of their hands. You want to rip the security of homeownership away from young Australians. You want to rip down homes that have been built. You want to denigrate participants in the housing industry who are doing their best to deliver homes for young Australians. A campaign run by spivs in sections of our capital cities who don't understand how important it is for young Australians to have a home—ordinary people who want a home. That shows why you are so remote from where ordinary Australians are on these questions and why there is no hope for you.