Senator FARRELL (South Australia—Minister for Trade and Tourism, Special Minister of State and Deputy Leader of the Government in the Senate) (14:43): Perhaps I should have mentioned yesterday in my answer, Senator Rennick, that one thing we know about the OECD is that it's now led by a former leader in this place, former senator Mathias Cormann. My recollection of Senator Cormann, who is a very nice fellow— Senator Watt: Now a climate change covert. Senator FARRELL: Yes, now a— Senator Rennick: I raise a point of order, President, on relevance. I'm not asking about who's running the OECD, in terms of the bureaucratic organisation. I'm talking about the countries amongst it, in a relative sense of the word. The PRESIDENT: Thank you, Senator Rennick. I'll draw the minister back to the question. Senator FARRELL: It is worth noting that when he was in, I think, the finance portfolio— The PRESIDENT: Minister Farrell, I draw you back to the question. Senator FARRELL: I've made my point, I suppose. After a decade of deliberate stagnation under the Liberals and Nationals, wages are growing at their fastest rate in about a decade. While inflation does remain higher than we'd like—we know that's because of the incompetent management of the economy by the former government—it has moderated from its annual peak in the December quarter 2022. Its quarterly peak under the coalition in the March quarter of 2020— Senator Rennick: President, I raise a point of order on relevance. I asked if the minister had read the analysis and if there was a country where the real household income had fallen as much as in Australia. The PRESIDENT: I believe the minister is being relevant, but I will continue to listen carefully to his answer. Senator FARRELL: Higher interest rates and higher inflation are putting pressure on people, and that's why our No. 1 priority as a government is addressing inflation and the cost of living. We are rolling out $23 billion worth of cost-of-living relief, which is easing pressure on Australians at the same time as it's helping to ease inflation in the economy. The ABS has confirmed— Senator Birmingham: President, I rise to make a point of order on direct relevance. There were two parts to Senator Rennick's question: one was whether he has read the analysis, and the other was whether he can name a single advanced economy where real household incomes have fallen as much as they have in Australia. I don't believe the minister has confirmed whether he has seen the analysis, because he hasn't actually referenced it at all. Nor has he identified whether he can name any country where people have been left as worse off over the last year as in Australia. Can he? The PRESIDENT: Thank you, Senator Birmingham. The question also referred to the OECD, to which the minister has responded, but I will remind him of your question. Senator FARRELL: With due respect, President, they didn't like my comments on the leadership of the OECD. But I can say this: we face these— (Time expired) The PRESIDENT: Senator Rennick, a first supplementary?