Hansard
Wednesday, 16th October 2019
Mr ALBANESE (Grayndler—Leader of the Opposition) (14:48): I seek leave to move:
That the House:
(1) notes that:
(a) the International Monetary Fund has slashed its growth forecast for the Australian economy for this year by almost 20 per cent;
(b) the downgrade to Australia's growth forecast by the International Monetary Fund is four times worse than the downgrade to advanced economies;
(c) the Government has consistently ignored growing evidence that the Australian economy is floundering, including:
(i) the slowest economic growth in a decade;
(ii) the worst wages growth on record;
(iii) a record 1.9 million Australians being unemployed or underemployed;
(iv) a decline in GDP per capita last year, with flat growth in the last quarter;
(v) record levels of household debt;
(vi) consumer confidence at a four-year low;
(vii) business confidence well below average; and
(viii) sluggish productivity growth;
(d) the International Monetary Fund has called on countries, including Australia, to provide fiscal support, saying "Monetary policy cannot be the only game in town and should be coupled with fiscal support where fiscal space is available"; and
(e) the Government has no plan to address Australia's floundering economy and continues to ignore calls from the Reserve Bank of Australia and the International Monetary Fund to provide fiscal support, including by investing in infrastructure; and
(2) therefore, calls on the Prime Minister to be straight with the Australian people about Australia's floundering economy and develop a plan to stimulate economic growth, including by bringing forward infrastructure investment across the nation including in regional and rural Australia.
Leave not granted.
Mr ALBANESE: I move:
That so much of the standing and sessional orders be suspended as would prevent the Leader of the Opposition from moving the following motion immediately:
That the House:
(1) notes that:
(a) the International Monetary Fund has slashed its growth forecast for the Australian economy for this year by almost 20 per cent;
(b) the downgrade to Australia's growth forecast by the International Monetary Fund is four times worse than the downgrade to advanced economies;
(c) the Government has consistently ignored growing evidence that the Australian economy is floundering, including:
(i) the slowest economic growth in a decade;
(ii) the worst wages growth on record;
(iii) a record 1.9 million Australians being unemployed or underemployed;
(iv) a decline in GDP per capita last year, with flat growth in the last quarter;
(v) record levels of household debt;
(vi) consumer confidence at a four-year low;
(vii) business confidence well below average; and
(viii) sluggish productivity growth;
(d) the International Monetary Fund has called on countries, including Australia, to provide fiscal support, saying "Monetary policy cannot be the only game in town and should be coupled with fiscal support where fiscal space is available"; and
(e) the Government has no plan to address Australia's floundering economy and continues to ignore calls from the Reserve Bank of Australia and the International Monetary Fund to provide fiscal support, including by investing in infrastructure; and
(2) therefore, calls on the Prime Minister to be straight with the Australian people about Australia's floundering economy and develop a plan to stimulate economic growth, including by bringing forward infrastructure investment across the nation including in regional and rural Australia.
This arrogant government isn't even prepared to have a debate—
Mr PORTER (Pearce—Attorney-General, Minister for Industrial Relations and Leader of the House) (14:53): I move:
That the member be no longer heard.
The SPEAKER: The question is that the Leader of the Opposition be no longer heard.
The House divided. [14:57]
(The Speaker—Hon. Tony Smith)
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Electorate Office
334a Marrickville Rd
Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
Parliament House
Canberra ACT 2600
Phone: 02 6277 7700
Electorate Office
334a Marrickville Rd
Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
Parliament House
Canberra ACT 2600
Phone: 02 6277 7700
Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au
We acknowledge the traditional custodians of the land on which our offices stand and we pay our respects to Elders past, present and emerging. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples. We also recognise the resilience, strength and pride of the Aboriginal and Torres Strait Islander communities.
Authorised by Anthony Albanese. 334a Marrickville Rd, Marrickville NSW 2204.