QUESTIONS WITHOUT NOTICE

Mr TIM WILSON (Goldstein) (14:09): My question is to the Prime Minister. Core inflation has risen from three per cent to 3.6 per cent over the last year. Under this Treasurer, interest rates have gone up 15 times, increasing the cost of a typical new mortgage by $30,000 a year.

Following the Treasurer's failed budget of broken promises and higher taxes, was the Treasurer's promise that 'inflation has turned the corner' a further broken promise, or is it just due to economic incompetence?