Senator BIRMINGHAM (South Australia—Leader of the Opposition in the Senate) (14:35): My question is to the Minister representing the Treasurer, Senator Farrell. I ask the minister: is it correct that newly released analysis of OECD data indicates that—and I quote from the Australian Financial Review—'Australian households have suffered the largest fall in living standards of any advanced economy over the past year' as a result of high inflation, increasing mortgage repayments and the effects of bracket creep on income tax?