Dr CHALMERS (Rankin—Treasurer) (14:39): Thanks to the member for her question about the cost of living. I think we all appreciate and understand that Australians in every corner of our country are doing it especially tough right now—that the cost-of-living pressures are acute and the cost of some of the essentials that Australians just can't do without is going through the roof. Obviously, part of this is about global pressures, particularly on energy markets and food security. Clearly there are some domestic attributes there. Some of the supply chain issues, which were a feature of the discussion at the Jobs and Skills Summit last week, are part of the challenge as well. I think that there is an expectation right across the board that rising interest rates are set to be an even bigger part of the pain that people confront. Tomorrow the Reserve Bank board will meet again. We don't pre-empt or interfere in any way with their independent decisions, but the market expectations are for another increase, and that will be an additional cost on people who are paying off a mortgage. The task for our government is to do what we responsibly can to help people through these shorter-term challenges but to also deal with the issues in supply chains, to deal with cost of living where we can and build an economy that grows wages and improves living standards over time. That's why it's so important that the payments that the Minister mentioned a moment ago will increase this month in line with inflation. It's why we successfully argued for an increase in the minimum wage in line with inflation, despite the howls of opposition from those opposite. Mr Pasin interjecting— The SPEAKER: The member for Barker will cease interjecting. Dr CHALMERS: That's why our October budget will cut the price of medicines. That's why I've instructed the ACCC to step up and maximise their surveillance of fuel markets to make sure savings in petrol prices are passed on and motorists are getting a fair deal when the excise relief comes off. It's why we're delivering long-term reforms to deal with some of those supply chain issues, to deal with the skills crisis we were left with, to lift the speed limit on the economy. That means cheaper childcare, a game-changing investment to ease the cost of living but also deliver an economic dividend. It means investing in cleaner and cheaper energy, investing in fee-free TAFE and growing the care economy, advance manufacturing and other key sectors of the economy. The Jobs and Skills Summit was a really crucial part of this work. It focused on improving productivity. We know that grows wages. It focused on skills. It focused on breaking down the barriers to employment that too many people still face. It focused on fixing a broken bargaining system that has only delivered wage stagnation. Again, while the government works on these serious cost-of-living pressures that Australian families face, we invited those opposite to be part of the solution and not part of the problem. They rejected that because, if they had their way, there would be another decade of the same cost-of-living pressures and wage stagnation that they've subjected the Australian people to. (Time expired)