Cost of Living

The majority voted in favour of a motion introduced by Victorian Senator Sarah Henderson (Liberal), which means it succeeded.

Motion text

That the Senate notes:

(a) that under the Albanese Labor Government, the cost of everyday essentials has risen sharply—insurance up 39%, power up 38%, rent up 22% and groceries up 16%;

(b) failed policies have contributed to housing shortages, higher rents, persistently higher inflation, and increased exposure for families to further interest rate rises and higher mortgage costs; and

(c) there is an urgent need for action to address the worsening cost of living crisis facing Australian families and small businesses, driven by persistent inflation and higher interest rates, and exacerbated by the Government's reckless spending.