Mr FRYDENBERG (Kooyong—Treasurer) (14:39): The first thing to state, for the record, is that our emissions are down by more than 20 per cent on 2005 levels. That's consistent with meeting and beating the 2030 targets that we agreed at Paris. When it comes to the economy and when it comes to jobs, I point out to the honourable member that when we came to government—therefore, under Labor—the unemployment rate was at 5.7 per cent. Before this pandemic, before the first recession in nearly three decades, the unemployment rate was at 5.1 per cent, and today the unemployment rate is at 4.6 per cent. The unemployment rate is under five per cent for the first time in a decade. I'll tell you what leads to more jobs: lower taxes. On this side of the House we have legislated, through the parliament, more than $300 billion of tax cuts for Australian families. We have introduced, in successive budgets, some of the biggest tax incentives for investment. That has led to, for example, a 20 per cent increase in machinery, capital and equipment purchases over the course of the last year through the incentives and the immediate expensing provisions that we have put in place in the budget. Whether it's our patent box, whether it's cutting taxes for small business down to 25 per cent, whether it's the work that we're— The SPEAKER: The member for Whitlam on a point of order? Mr Jones: Yes, on relevance. The question was about the cost of climate change inaction. He hasn't addressed that issue yet. He has gone off on a completely different tangent. The SPEAKER: Well, I think it was a fairly broad question, the member for Whitlam would have to admit. He's talking about the economy. The Treasurer has the call. Mr FRYDENBERG: The reality is that under the economic stewardship of those on this side of the House we've seen more jobs created, we've seen the unemployment rate fall to a more-than-decade low and we have the plan in place to see a strong economic recovery from the biggest economic shock since the Great Depression. Those opposite—their only solution— The SPEAKER: The Treasurer wasn't asked about those opposite. Mr FRYDENBERG: The fact is that on this side of the House we are driving the creation of more jobs. We're going to drive stronger economic growth into next year. We've seen our triple-A credit rating reaffirmed by the Fitch rating agency. We're one of only nine countries in the world to have a AAA credit rating from the three leading credit rating agencies. We're getting on with the job of lowering emissions, lowering electricity prices and creating more jobs.