STATEMENTS BY MEMBERS

Mr WILLCOX (Dawson) (13:43): Giving a family a $5 weekly tax cut when their mortgage has skyrocketed by thousands of dollars is like tossing a glass of water onto a roaring bushfire. By continually fuelling government spending, the Albanese Labor government continues to stoke the inflation fire. Let's be real; $5 in this economy doesn't even cover a cup of coffee.

Everything is going up. At a conservative estimate, the cost of living for an average family is up by more than $300 per week. Slapping a $5 bandaid onto a $300 bullet wound and expecting a round of applause for it—well, that's not a policy to be proud of.

The coalition's tax-back guarantee automatically scales up with inflation, protecting hard-earned wages. At the current rate of inflation, our tax-back guarantee would see a typical worker be around $400 a year better off. It would be a tax cut that gets bigger every year by keeping pace with inflation, beating bracket creep and scaling up to over $1,000 a year by year 4.

This is how you put real money back in the family budget—where it belongs. Our wider economic plan will drive the cost of living down. The coalition will restore Australia's standard of living and will protect the Australian way of life.