Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024

Senator NAMPIJINPA PRICE (Northern Territory) (10:58): I rise to speak on the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024. It is no surprise that the coalition will be opposing this bill. Australia finds itself in a position of absolute bloated bureaucracy.

The Albanese government seem to have done everything they can to increase the size of this leviathan. There is excess duplication and regulation that is holding us back from our economic potential. We know that the Labor government's increase to bureaucracy has impacted the high inflation that we are seeing—an additional 20 per cent increase in public servants and then 11 per cent pay rises on top of that.

The RBA has admitted that the growth of the public sector is a factor that the RBA will have to take into account when considering rate cuts. It's clear that the Albanese Labor government loves bureaucracy and waste. It's everywhere you look.

Their Future Made in Australia legislation is only going to make the problem worse. We need to be encouraging and supporting the development and growth of businesses across the country. During the emergency of the COVID-19 pandemic, the coalition acted, as we had to, and provided all-important relief to Australians.

We ensured that business could continue to operate and everyday Aussies could keep their jobs. The PRESIDENT: Thank you, Senator Nampijinpa Price. Pursuant to order agreed to earlier, it being 11 am debate on this bill is interrupted.