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Newcastle Herald
Newcastle Herald
National

Frydenberg, Albanese budget speeches in full

2022-2023 Federal Budget

Treasurer Josh Frydenberg budget speech

Tonight, as we gather, war rages in Europe.

The global pandemic is not over.

Devastating floods have battered our communities.

We live in uncertain times.

The last two years have been tough for our country, there have been setbacks along the way.

But Australia remains resilient.

Australians remain strong.

We have overcome the biggest economic shock since the Great Depression.

Our recovery leads the world.

Faster and stronger than the United States, the United Kingdom, Canada, France, Germany, Italy and Japan.

Mr Speaker, those opposite said the biggest test for our government would be what happens to jobs.

Tonight, I can confirm to the House, unemployment is at 4 per cent, the equal lowest in 48 years.

There are nearly 2 million more Australians in work today than when we came to government.

More women in work than ever before.

This Budget will see unemployment go even lower, delivering more jobs and higher wages.

This is not luck.

Our economic plan is working.

JobKeeper saved 700,000 jobs.

HomeBuilder helped more than 100,000 Australians into a home.

Taxes are lower for more than 11 million Australians and 3.6 million small businesses and sole traders.

Our AAA credit rating maintained.

This is our record.

Mr Speaker, a strong economy means a stronger budget.

This is what we deliver tonight.

The largest and fastest improvement to the budget bottom line in over 70 years.

By the end of the forward estimates, the budget is $100 billion better off compared to last year.

More people in work, fewer on welfare.

Repairing the budget without increasing taxes.

The deficit for 2022-23 is expected to be $78 billion or 3.4 per cent of GDP.

Over the next three years, this will more than halve to 1.6 per cent.

Net debt as a share of the economy will peak at 33.1 per cent at June 30, 2026.

Significantly lower than forecast last year.

We have drawn clear lines.

Banking the dividend of a stronger economy.

Ending economy wide emergency support.

When we did so, those opposite were quick to criticise.

When Labor starts spending, they simply can't stop.

The result is higher taxes and higher interest rates.

Only the Coalition can responsibly manage the budget and strengthen our nation's finances.

Mr Speaker, our thoughts are with those who have lost loved ones, homes and businesses in the catastrophic floods across NSW and South-East Queensland.

Nothing I say can overcome the personal pain and loss of so many Australians.

We will stand with these communities and help them rebuild.

Already, over one million disaster payments have been made.

Total support to families, farmers, small businesses, local governments and their communities is expected to exceed $6 billion.

It will deliver hope, work and the prospect of returning to a better life.

Mr Speaker, tonight we look to the future.

Realistic about the growing threats we face.

Ambitious for our country and our children.

Optimistic about what can be achieved.

As we emerge from the pandemic, we are building an even stronger, more secure and confident Australia.

Where aspiration and enterprise are encouraged and rewarded.

Where families have greater flexibility and choice.

Where those in need get a helping hand.

Where greater selfreliance leaves our nation less vulnerable.

Where our modern competitive industries create new jobs.

Where Australia and our allies protect our national interest.

This is our vision for Australia.

Tonight's budget delivers.

  • Cost of living relief now.
  • A long-term economic plan that creates more jobs.
  • Record investments in essential services.
  • Stronger defence and national security.

A plan for the times.

Mr Speaker, events abroad are pushing up the cost of living at home.

Higher fuel, food and shipping costs are increasing inflation and stretching household budgets.

Tonight the Morrison government announces a new temporary, targeted and responsible cost of living package to ease these pressures.

Practical measures that will make a difference.

Fuel excise will be cut in half.

For the next six months, Australians will save 22 cents a litre every time they fill up their car.

A family with two cars who fill up once a week could save around $30 a week or around $700 over the next six months.

Whether you're dropping the kids at school, driving to and from work or visiting family and friends, it will cost less.

This cut in fuel excise, which takes effect from midnight tonight, will flow through to the bowser over the next 2 weeks.

The competition watchdog will monitor retailers to make sure these savings are passed on in full.

This temporary reduction in fuel excise will not come at a cost to road funding, which will see more than $12 billion spent in the coming year.

Mr Speaker, tonight I also announce a new oneoff $420 cost of living tax offset for more than 10 million lowandmiddle income earners.

Individuals already receiving the low- and middle-income tax offset will now receive up to $1500 and couples up to $3000 from July 1 this year.

This measure comes on top of the $40 billion in tax relief already provided by our government since the start of the pandemic.

Under the Coalition taxes for hardworking Australians will always be lower.

Mr Speaker, tonight I also announce a new one-off $250 Cost of Living Payment, delivered within weeks to 6 million Australians.

Pensioners, carers, veterans, job seekers, eligible selffunded retirees and concession card holders will benefit.

Together, with existing indexation arrangements, this will see a single pensioner receive more than $500 in additional support over the next 6 months, just when they need it most.

Mr Speaker, to provide further cost of living relief, tonight I also announce greater access to cheaper medicines for 2.4 million Australians.

For many Australians, incurring these costs is nonnegotiable.

Australians will need fewer scripts before they are eligible for free or further discounted medicines.

This budget's new cost of living package is responsible and targeted, delivering cheaper fuel, cheaper medicines and putting more money in the pockets of millions of Australians.

Mr Speaker, tonight we write a new chapter in Australia's economic story.

With a plan that backs Australians, their enterprise and their aspirations.

Mr Speaker, Australia's unemployment rate is heading towards a 50-year low.

We have a historic opportunity to get young Australians into skilled, secure and well paid jobs.

The dignity of work is important for all Australians.

During this pandemic, we have already invested $13 billion in skills and training.

With a record 220,000 Australians now in a trade apprenticeship.

The highest level since records began in 1963.

Tonight, we go further, with a new $2.8 billion investment to increase take up and completion rates.

Providing $5000 payments to new apprentices.

And up to $15,000 in wage subsidies for employers who take them on.

Mr Speaker, in this budget we also lay the foundations for national skills reform with a $3.7 billion investment.

Supporting an additional 800,000 training places.

Ensuring businesses get the skilled workers they need.

Tonight, we also fund new and expanded programs to help find employment for disadvantaged youth, Indigenous Australians, the mature aged and Australians with a disability.

Skilling Australians is part of our plan for a stronger future.

Mr Speaker, small and family businesses are at the heart of our economy and local communities.

They employ nearly 8 million Australians.

This government has backed small businesses with the lowest tax rates in 50 years and record investment incentives.

Tonight, we go further, rewarding small businesses that invest in skills and new technology.

No one knows better than a small business owner what skills they need in their employees.

Starting tonight, for every hundred dollars a small business spends on training their employees, they will get a $120 tax deduction.

Helping them become more productive and competitive.

In this budget, we are also backing small businesses that are embracing the digital revolution.

From tonight, every hundred dollars these small businesses spend on digital technologies like cloud computing, eInvoicing, cyber security and web design will see them get a $120 tax deduction.

Investments of up to $100,000 per year will be supported by this new measure.

Mr Speaker, lower taxes for small business is part of our plan for a stronger future.

Mr Speaker, COVID and events in Ukraine have been a powerful reminder that we must increase our selfreliance.

Australia has a world-class manufacturing sector.

Tonight, we announce new funding to solve for vulnerabilities in our supply chains.

New funding to make Victoria the first place in the southern hemisphere to manufacture mRNA vaccines.

New funding to drive collaboration between our universities, CSIRO and industry to rapidly commercialise new technologies in clean energy, medical supplies, defence and other high priority areas.

And a new patent box for the agriculture and low-emissions technology sectors.

This will see income from new patents developed in Australia taxed at almost half the rate that applies to large companies.

A modern resilient manufacturing sector is part of our plan for a stronger future.

Mr Speaker, our regions will always be an economic powerhouse generating prosperity for our nation.

No government has invested more in our regions than this Liberal-National Coalition.

Tonight, we go further, announcing an unprecedented regional investment package that includes transformational investments in agriculture, infrastructure and energy in the Hunter, the Pilbara, the Northern Territory and North and Central Queensland.

These long-term investments will unlock new economic frontiers and grow our national economy.

Mr Speaker, our regional package also includes major new investments in water projects, a new regional accelerator, telecommunications and health.

A new $7.4 billion investment in more dams and water projects to improve vital water security and expand irrigation.

A new $2 billion regional accelerator program to invest in skills, education infrastructure, export market development and supply chain resilience for our regions.

A new $1.3 billion telecommunications package to expand mobile coverage across 8000km of regional transport routes.

More training places for doctors at regional universities.

Better access to MRI machines, mental health services and childcare centres across regional and remote Australia.

Stronger regions will always be part of the Coalition's plan for a stronger future.

Mr Speaker, our record $120 billion infrastructure pipeline has already completed over 35,000 projects across the country since we came to government.

Nation building projects like the Melbourne to Brisbane Inland Rail, the new Western Sydney international airport and Snowy 2.0 are well under way.

Tonight's budget includes new commitments to road and rail projects.

Brisbane to Sunshine Coast faster rail.

Sydney to Newcastle faster rail.

The METRONET project in Western Australia.

The North-South Corridor in South Australia.

Great Eastern Drive in Tasmania.

Central Australian tourism roads in the Northern Territory.

Melbourne Intermodal Terminals to increase the efficiency of the national freight network.

More than $500 million for local councils to deliver priority projects and $880 million to better connect regional Australia with ports, airports and other transport hubs.

Delivering our record infrastructure pipeline is a vital part of our plan for a stronger future.

Mr Speaker, Australia is on the pathway to net zero emissions by 2050 and playing its part in responding to the critical global challenge of climate change.

Technology, not taxes, will get us there.

Already, Australia has the highest uptake of rooftop solar in the world.

We are investing in clean hydrogen, carbon capture and storage, batteries and large-scale solar.

Tonight, we make further investments in microgrids to support regional and remote communities that don't otherwise have access to the grid with small-scale renewable energy projects like solar and wind.

A low-emissions future with reliable and affordable power is critical to our plan for a strong economy.

Mr Speaker, a strong economy enables us to guarantee the essential services Australians rely on.

Our government has delivered record funding for schools, hospitals, Medicare, mental health, aged care, women's safety and disability support.

Funding for our health system has increased every year under our government and is at a record high.

Medicare is guaranteed.

Bulk billing rates are at a record high.

We have approved more than 2800 new or amended listings on the PBS, nearly one per day.

Tonight, I announce the listing of Trodelvy for a rare form of breast cancer, saving patients up to $80,000 per treatment.

For the first time, this drug gives hope to many young women, extending their life expectancy and providing an opportunity to spend precious time with their loved ones.

Like Alison, a young mum who, when she got her terminal prognosis, wrote a letter to her daughter, Matilda, to open on her 12th birthday, when Alison would no longer be there.

Because of Trodelvy, Alison will tomorrow celebrate Matilda's 12th birthday.

Mr Speaker, we also continue to invest in keeping Australians safe from the pandemic.

With vaccines, testing and treatment and more PPE to boost the national stockpile ahead of winter.

Mr Speaker, mental illness can be completely debilitating for patients and their families.

Too many people are living lives of quiet desperation.

Last year's budget saw a landmark $2.3 billion investment in mental health and suicide prevention.

Tonight, we build on that commitment.

More Headspace services, community-based treatment centres and digital mental health support.

Combating suicide is a national priority.

No government has invested more in mental health services.

Mr Speaker, one in four women are subject to domestic violence and tragically, every 11 days, an Australian woman loses her life at the hands of her current or former partner.

In last year's budget, we committed $1.1 billion for prevention, early intervention, response and recovery programs.

Tonight we go further, with a new $1.3 billion package to end violence against women and children.

More frontline services, emergency accommodation, and support to access legal and health services for women and children in need.

This budget also includes a substantial new women's health package.

Stillbirth and miscarriage support.

The establishment of new endometriosis clinics.

Greater access to breast and cervical cancer screenings.

Mr Speaker, employment is critical to economic security.

Under the Coalition, female workforce participation is at a record high and female unemployment is at its lowest level since 1974.

But there is more to do.

Tonight I announce changes to enhance paid parental leave.

Families, not government, are best placed to decide what works for them.

We will expand eligibility and provide working families with full flexibility and greater choice.

More families will be able to access 20 weeks of leave and decide how they will share it.

For the first time, single parents will now be able to access the full 20 weeks.

The 180,000 new parents who access paid parental leave each year will benefit from these changes.

This budget, with more than $2 billion of measures to improve the safety, health and economic security of women, is part of our plan for a stronger future.

Mr Speaker, when we came to government, federal funding for disability support was half of what it is today.

The NDIS has changed the lives of 500,000 Australians and their families.

In this budget, NDIS funding grows in every year.

Under the Coalition, the NDIS will always be fully funded.

Mr Speaker, since we have come to government, funding for aged care has doubled.

In last year's budget, I outlined a new five-year, $17.7 billion plan for the sector.

With new home care packages, respite services, training places, retention bonuses and infrastructure upgrades.

Under this plan, 40,000 home care packages, 34,000 additional training places, 7000 new personal care workers and 8400 respite services will be rolled out this calendar year.

This budget provides more than $340 million to embed pharmacy services within residential aged care facilities to improve medication management for the elderly.

Mr Speaker, home ownership is fundamental to the Coalition.

HomeBuilder, the First Home Super Saver Scheme and the Home Guarantee Scheme have helped make the dream of home ownership a reality.

Over the last year, 160,000 Australians purchased their first home.

Tonight we go further, more than doubling the Home Guarantee Scheme to 50,000 places per year.

Helping more single parents to buy a home with a deposit as low as 2 per cent.

Helping more first home buyers to buy a home with a deposit as low as 5 per cent.

In this budget we are also increasing our support for affordable housing by $2 billion through the National Housing Finance and Investment Corporation.

Helping more Australians to own a home is part of our plan for a stronger future.

Mr Speaker, our government will provide more than $180 billion in education funding over the next four years.

Record funding for preschools.

Record funding for schools.

More than 30,000 new places at universities last year.

In tonight's budget, we continue to invest in these critical areas.

New regional scholarship programs to support students from lower socioeconomic families and new funding for the Aboriginal and Torres Strait Islander student boarding program.

Mr Speaker, our government is safeguarding Australia's unique environment for future generations.

For thousands of years our First Nations people have cared for country.

Tonight, we are investing a further $636 million to expand the Indigenous Rangers Program with more than 1,000 new rangers to undertake land and sea management.

An additional $1 billion in world-leading marine science to protect the Great Barrier Reef.

More than $800 million to enhance our scientific capability in the Antarctic, funding vital research and environmental management.

More than $170 million for threatened species and habitat restoration including for our koalas.

We are also continuing to invest in ways to reduce waste through our Recycling Modernisation Fund.

Saving 10 million tonnes of recyclables from landfill every year by 2030.

No longer are we exporting waste. We are recycling it here at home and creating over 10,000 jobs in the process.

Mr Speaker, our economic plan can only be achieved if our nation is strong and secure.

Our veterans have given so much in the service of our country.

Our nation owes them eternal gratitude.

In this budget we provide further funding to support homecare services for 37,000 veterans and their families, as well as extending other programs supporting the wellbeing and mental health of our veterans.

The lesson of history is that weakness invites aggression.

It leaves nations vulnerable to coercion.

This is the reality we must confront.

The world is less stable.

We must invest more in the defence of our nation.

This is what we are doing after those opposite allowed defence spending to fall to its lowest level since 1938.

We have put in place a 10year defence capability plan worth more than $270 billion supporting more than 100,000 jobs.

Hobart Class Air Warfare Destroyers, built in South Australia, now in the water.

Combat vehicles, maintained in Queensland, now in service.

And F35A Joint Strike Fighters with parts made in Western Sydney, now in the air.

In this budget, we continue to make record investments in our Navy, Army and Air Force.

Expanding the size of our defence workforce, at a cost of $38 billion.

Deepening strategic partnerships through agreements such as AUKUS and the Quad.

And tonight I announce a new 10-year, $9.9 billion investment in Australia's offensive and defensive cyber capabilities.

This is the biggest ever investment in Australia's cyber preparedness.

Creating 1900 jobs, more data analysts, computer programmers and software engineers to boost our capacity to prevent and respond to cyber threats.

Keeping Australians safe is part of our plan for a stronger future.

Mr Speaker, over the last three years Australians have been tested.

Drought, fire, floods.

A global pandemic for which there was no playbook.

Despite the challenges, our economic recovery is leading the world.

This is not a time to change course.

This is a time to stick to our plan.

A plan that delivers cost of living relief now.

A plan that creates jobs for the longterm.

A plan that guarantees the essential services.

A plan that invests more in the defence of our nation.

Three years ago we said to the Australian people that, under the Coalition, the economy would be stronger. We delivered.

That under the Coalition, more people would be in work. We delivered.

That under the Coalition, taxes would be lower. We delivered.

That under the Coalition, essential services would be guaranteed. We delivered.

That under the Coalition, we would invest more in national security. We delivered.

This is a time to stick to our plan.

A plan for a strong economy and a stronger future.

We will deliver.

Opposition leader Anthony Albanese's budget reply speech

My fellow Australians, working together, we can build a better future.

An economy with stronger wages and more secure work.

Investing in Australian skills, jobs, and manufacturing.

Backing clean energy and building new infrastructure across the country.

Taking pressure off the cost of living by making child care and power bills cheaper.

Protecting Medicare. Building more affordable housing.

Fixing the crisis in aged care.

Building an economy that works for people, not the other way around.

This is the vision I want to share with you tonight.

Not a bunch of last-minute, one-off handouts for problems that have been a decade in the making.

Not a collection of promises that have a use-by date, conveniently after the election, but a real plan for a better future.

The past two years of heartache and hardship have shown us the great strengths of our Australian community, but they have also exposed some fundamental weaknesses of our economy.

Too many people are working jobs that don't pay the bills, or let them plan for their future.

Too many businesses can't find skilled staff.

Too many industries are at the end of global supply chains, at the mercy of an uncertain world.

We cannot let this be the new normal.

We got through the pandemic because we worked together.

We must now build a stronger economy - working together.

Family businesses and workers, big employers and unions, states and the Commonwealth.

All of us, co-operating to boost productivity and increase profits and wages.

Driving growth and sharing its benefits.

After all the challenges and the sacrifices made during the pandemic, floods, and bushfires, Australians need and deserve a better budget for a better future.

A future where no one is held back, and no one is left behind.

Labor has a real plan for growth and prosperity, a plan to get incomes rising and costs under control, with five pillars:

  • Our Powering Australia plan to drive investment in cheap, renewable energy. We'll create 604,000 new jobs by 2030, with five out of every six in the regions, and lower power bills for households and businesses alike.
  • Our plans for a Future Made in Australia, making more things here, diversifying the economy and revitalising the regions. Using our National Reconstruction Fund, we will work with business to help turn good ideas into good, secure jobs and new homegrown industries.
  • Our plans to invest in infrastructure, because roads, rail, ports, and high-speed broadband are the building blocks of a stronger, more connected, more efficient economy.

This government thinks infrastructure is about spending millions on car parks that don't get built. I see infrastructure as a sustainable, long-term investment in vital national projects, creating jobs and boosting productivity.

Labor will make sure that those investments really stack up using the Infrastructure Australia model that I established.

  • Our plans for secure work and more opportunities for training with more university places and 465,000 fee-free TAFE places, and the creation of Jobs and Skills Australia.
  • Our plan for cheaper child care because it's good for productivity, workforce participation, and economic growth. And it's good for children.

Education is the biggest and most powerful weapon we have against disadvantage.

Labor believes that at every stage, from early learning, through to school, TAFE and university, education lifts us up, not just as individuals but as a country.

This agenda isn't radical.

My team and I are promising renewal not revolution.

A renewal of the best of Australia's values: fairness, decency, supporting aspiration, looking out for each other, rewarding hard work.

I want the sacrifices all of you have made through these tough times to lead to a better future.

My fellow Australians, you understand our country is facing serious challenges right now.

You're living them.

The cost of everything is going up, but your pay isn't.

Petrol, groceries, rent, child care, health care, the costs keep piling up, and have been piling up for some time now.

The pandemic has ripped through everything from hospitality and tourism, to our universities and the entertainment industry.

Climate change is here and its consequences are devastating.

Yet on all of these issues, on every challenge facing our country, instead of this decade-old government being part of the solution, they are part of the problem.

And instead of this prime minister stepping up, taking responsibility, and helping, he runs for cover and blames someone else.

And we saw it all again on Tuesday night.

A budget that spoke for a wasted decade.

No help or hope for young Australians.

No vision for the future.

Just one-off handouts to get through an election, with all the sincerity of a fake tan.

I think Australians will see this for what it is.

Actually, I don't think, I know.

The Budget was, as it always is with this prime minister, long on politics, short on plans.

All announcement, no delivery.

Far too little, way too late.

This is a government whose entire economic record is riddled with waste and rorts.

A government that blames a generation of deficits on COVID, but had already doubled debt before the pandemic ever reached us.

A government that is leaving Australians behind.

If you vote Labor in May, I can promise you this will change.

If I'm prime minister, I won't go missing when the going gets tough or pose for photos and then disappear when there's a job to be done.

I'll show up, I'll step up, and I'll work every day to bring our country together.

On issues like health funding, I will work with premiers and chief ministers from across the political spectrum to achieve our common objectives.

If people want proof of Labor's capacity to bring people together and deliver policy reform, just look at what we've done on climate change.

Powering Australia: a fully costed, comprehensive plan that has received praise from the Business Council of Australia, the Australian Industry Group, the National Farmers Federation, and the ACTU.

Our policy will give businesses and workers the certainty they need.

Labor will end the climate wars.

It is this objective of bringing people together in the national interest that will characterise a Labor Government I lead, in stark contrast to this government that is always seeking to divide.

My fellow Australians, we'll be a government that backs the aspirations of all Australians: to find a good job that pays a fair wage, to gain an apprenticeship or start their own small business.

We'll be a government that creates safe and respectful workplaces for women. And we will implement every single one of the recommendations of the Respect@Work report.

We will create a National Anti-Corruption Commission because public money should always be invested in the public interest.

In this increasingly uncertain and unstable world, we will need to increase Australia's defence spending.

But that spending needs to lead somewhere. It needs to actually improve technology and capabilities and deliver them when they are needed.

Spending billions to rip up contracts and blindside our allies is no way to enhance our security.

We will make sure our veterans get the care they need, by cutting wait times for claims and rolling out new veterans' hubs across the country.

We will establish a Disaster Ready Fund, because Australians deserve a plan to mitigate the ever-intensifying impact of natural disasters.

Families like those I met in Lismore, Ballina, Murwillumbah, Brisbane, and Maryborough deserve - need - a government ready to roll up its sleeves and tackle the challenge of climate change, not just create a fund and let it sit idle while people's homes and livelihoods are swept away.

And I say to those Australians still reeling and rebuilding from the Black Summer bushfires, the people I had the honour of shaking hands with on the NSW north coast, in Moruya, in the Adelaide Hills, in Victoria, and in Cobargo, you deserve a leader who holds a hose and a government that stands up for you.

My fellow Australians, we will act on climate change and seize the chance to transform our country into a renewable energy superpower.

It will make us more resilient and less dependent on global supply chains.

Russia's brutal invasion of Ukraine has reminded us that we must be prepared for the uncertainty that global events unleash here at home.

The pandemic too has shown us that we are not immune to global events. We must be more self-reliant.

We can revitalise Australian manufacturing - and power that manufacturing with Australian made renewable energy.

Exporting resources will always be important to Australia's economy.

But we should also use our resources - like our minerals and rare earths - to make products like batteries here, instead of just shipping them offshore and importing the finished goods.

We can and should add that value here.

And at a time when petrol prices are on everyone's minds, we need to face the fact that two of Australia's four fuel refineries have closed during this Government's term.

We need a government with a real plan to ensure supply, using Australian-flagged vessels with Australian seafarers in a strategic fleet, and a fuel reserve that's accessible, not in the Gulf of Mexico as it is now.

This is what Australians will get to choose in just a few short weeks.

A government that looks forward and plans ahead.

An Australia that stands on our own two feet.

A better future, with a Labor government focused on:

  • Creating secure, well-paid jobs
  • Making our future here
  • Strengthening Medicare
  • Making child care cheaper

My fellow Australians

It was Bob Hawke's Labor government that created Medicare.

A policy driven by one simple principle: that every Australian should be able to access and afford the health care they need.

Paul Keating created universal superannuation to ensure every Australian could save for financial security in their retirement.

Kevin Rudd and Julia Gillard created the National Disability Insurance Scheme, so every Australian affected by disability would be guaranteed the support and respect they deserve.

It is only Labor that ever does the big reforms.

These reforms are the markers of a decent society, and they are the drivers of a stronger economy.

Not only because they boost participation and productivity and lighten the load on employers and businesses, but because good, reliable, affordable and universal services give people the confidence to pursue their aspirations, to fulfil their potential, to be their best.

Better care means Australians can live better lives. It's that simple.

So, if you vote Labor in May, you can be confident that:

Our government will always protect Medicare.

Our government will keep universal superannuation strong.

Our government will stop the Liberals' cuts and get the NDIS back on track.

And we will bring the principle of universal, affordable and quality service to child care and to aged care.

Because for too long, our youngest Australians and our oldest Australians and their families have been left with little alternative to shouldering the costs of a broken system.

In my first budget reply speech, I announced Labor's plan for cheaper child care.

We will eliminate the complicated mess of subsidy cliffs and barriers to working more.

This isn't some one-off hand-out five minutes before an election; it's meaningful help with the cost of living and a permanent saving for millions of families.

Under our plan, no family will be worse off, but almost all families will be better off.

Making child care cheaper will mean more Australian children get access to early education, giving them a great start in life.

And, crucially, cheaper child care is an economic reform.

Our plan will end the economic distortion that stops mothers in particular from working more than three or four days a week.

It will boost productivity and workforce participation across the economy.

Cheaper child care. Stronger Medicare.

And tonight, at the heart of my third budget reply is our plan to fix the crisis in aged care.

My fellow Australians

Tonight, I'm announcing Labor's plan to put security, dignity, quality and humanity back into aged care.

Put simply: to put the care back into aged care.

The global pandemic and a Royal Commission have confirmed what so many Australians already knew: our aged care system is in crisis.

More of us are living long enough to need extra care in our later years.

But currently that thought fills a generation of Australians and their families with dread.

Older Australians fear that the final chapter of their life will be an aged care facility where they are not properly cared for, let alone afforded real dignity.

Their children wrestle with the dilemma of sending them to a place that might not be good enough, versus the risk of leaving them at home when it's becoming unsafe for them to be on their own.

We've all been chilled by stories of unforgivable neglect.

Maggots in wounds.

People going days without fresh air, a shower, or a change of clothes.

Stories of residents lying on the floor, crying out in pain, and nobody is there to help them.

It goes against everything we are as Australians.

And while our loved ones suffer, and their carers, mostly women, are underpaid and overworked, some of the operators running these places are doing very well.

It's no coincidence that COVID swept through some aged care facilities with such deadly force - because for far too long the Liberals have turned a blind eye to operators who put profit ahead of the people in their care.

The simple truth of it is this: the Liberals have had a decade to do something about aged care.

Even an Interim Royal Commission Report - with the searing title "Neglect" - wasn't enough to spur them into action.

If they are left in power, nothing will change, and the bleak present they have created will be the bleak future awaiting so many more Australians.

Now I know there are many facilities out there that do a magnificent job caring for people.

I know aged care workers show up every day and do their absolute best with what they have, showing love and respect for those in their care.

And they will be the first to tell you that the system is at breaking point.

If we want to change aged care in this country for the better, then we need to start by changing the government.

Tonight, I announce five concrete, practical measures a Labor government will implement to ensure older Australians receive the aged care they deserve:

One: Under a Labor government, every aged care facility will be required to have a registered, qualified nurse on site, 24 hours a day, seven days a week.

We are going to put nurses back into nursing homes.

This will save thousands of stressful, expensive and ultimately unnecessary trips to hospital emergency departments, for issues a nurse could solve on the spot.

Because every Australian living in aged care should get the medical attention they need, the moment they need it, day or night.

This is just common sense, and it is common decency.

Two: We are going to raise the standard of aged care across the board by ensuring there are more carers, who have more time to care.

We will mandate that every Australian living in aged care receives a minimum of 215 minutes of care per day, as recommended by the Royal Commission.

That means more care for every resident, every day.

So, if you have a loved one in aged care, you can be certain they will get more time with a registered nurse and more time with enrolled nurses and personal care workers.

Not just for essential medical treatment but basic, important things like helping people take a shower, get dressed, eat a meal.

And - also - the time to talk. The chance to have a conversation that isn't about medication or hygiene or a sudden emergency.

Some company and human interaction, especially on those days when family can't visit.

A reminder that our older Australians aren't a just number; they aren't a burden. They are people who deserve respect, courtesy, and the best possible attention.

Three: A Labor government I lead will back a real pay rise for aged care workers.

At the start of this year, the Prime Minister announced a one-off, pre-election payment for aged care workers.

This week it was reported that over 90 per cent of them still hadn't received a cent.

That is this government in a nutshell. A big announcement, no delivery. Too little. Too late.

Labor knows that these carers, who work long hours doing such important and often back-breaking work, are underpaid and undervalued, with some earning as little as $22 an hour.

Unlike this prime minister, who won't take any responsibility, a Labor government won't muck around.

We'll support the workers' call for better pay at the Fair Work Commission.

And a Labor government will fund the outcome of this case.

Because if we want higher standards of care, we need to support higher wages for our carers.

We know if we want to recruit and retain more carers to look after a population that's growing older, we need to treat their vital and essential work with respect and reward it with better pay.

Number four is about better food for residents

A really hard part of growing old and losing some of your independence, is not being able to cook for yourself, let alone visitors or family.

For most of us, meals are something we look forward to. A daily ritual that brings us together, gives us moments of joy.

This makes it all the more outrageous when the food served up to some Australians in aged care is a scandal itself.

The interim Royal Commission report found that over half of aged care residents were not getting enough nutrition. They are literally starving.

We're going to change that.

A Labor government will work with the sector to develop and implement mandatory nutrition standards for aged care homes to ensure every resident gets good food.

Tasty and nutritious meals which respect cultural, religious and dietary requirements.

And the fifth part of our plan to fix the aged care crisis is about integrity and accountability.

Labor will deliver new funding, more staff and better support to the aged care sector.

And I am determined to see that every single dollar of that investment goes to better care for people.

We will work with multicultural communities to support culturally appropriate care, because we know that many older people revert to the language of their birth in their later years.

We will give the Aged Care Safety Commissioner new powers.

And we will make residential care providers report - in public and in detail - what they are spending money on.

The days of residents going without decent food and clean clothes will come to an end.

  • Registered nurses on site 24/7
  • More carers with more time to care.
  • A pay rise for aged care workers.
  • Better food for residents.
  • Dollars going to care.

That's how a Labor government will solve the crisis in aged care.

Child care. Medicare. Aged care. Because Labor cares.

That's a different approach to what we heard on Tuesday night.

People have seen it and heard it all before from this government.

The big promises that are never kept.

The taxpayer-funded advertising ready to roll.

And the big bucket of taxpayers' money ready to be splashed around in an election campaign.

A budget for the next six weeks, when we need a plan for the next six years

The problem for this prime minister is that the Australian people have figured him out.

This government will say whatever it takes and promise whatever they think will get them a second decade in office.

But the facts do not lie. And we have a decade of facts to look at.

Take the cost of living.

Australians know that the cost of everything is going up - food, petrol, rent, child care, doctor's bills - and their pay has fallen behind.

So let's be really clear about this: You can't put the worst-ever decade of wages growth down to a long run of bad luck.

And it's not due to COVID.

It's not an accident at all.

This government wants to keep your wages low.

They have said it themselves: low wages growth is a deliberate design feature of their economic architecture.

Deliberate design.

Not bad luck - bad policy.

And this is a central difference between this government and Labor on jobs and on cost-of-living.

I believe in a fair-wage, high-productivity economy. An Australia where working hard means you can pay the bills, support your family, save for the future and achieve your aspirations.

But this prime minister and this treasurer see the last nine years of record low wages growth as a great success story.

And that's why they cannot and will not ever be able to do anything meaningful or lasting to help with the cost of living.

Australians know the difference between structural reforms that change people's lives for the better and cynical one-off payments designed for an election.

This government might as well have stapled cash to your ballot paper.

We know the pressure Australians are under, which is why these payments will be delivered regardless of the election outcome.

But if you vote Labor in May, our work on cost of living won't stop when the votes are counted.

Because we know that the costs you're dealing with aren't one-offs.

Your kids don't go to child care for one week.

You don't use electricity for a few days.

The relentless pressure of flat wages and rising prices won't stop because of a short-term, pre-election promise.

The truth is if you want real, permanent, meaningful help with the cost of living, you need a plan to get wages growing again.

And you need a Labor government to do it.

A Labor government that is upfront with our plans.

Not a Liberal-National government that has driven down wages and has plans for cuts once they get through an election.

Because make no mistake: if the Liberals get a second decade, more cuts to services you count on are coming.

My fellow Australians, it was clear enough, on Tuesday night, that the Liberal and National parties think this budget will be enough to get them through the next election.

The only jobs they are concerned about are their own.

They're asking you to trust them that somehow they'll be better in their fourth term.

After all the waste and rorts and scandals, can you imagine how arrogant and dismissive they will be if they enter a second, long decade in office?

But this election isn't about their political future; it's about our country's future.

And it's a choice only you can make.

We live in the greatest country on earth.

Ask yourself: is this really as good as it gets?

Because I believe we can aim higher.

I believe Australians deserve a better future.

I believe in higher wages.

I believe in universal, accessible, high-quality health care through Medicare.

I believe our schools, universities and TAFEs are powerful national assets.

I believe in dignity and respect for older Australians, including pensioners, who built our nation.

I believe every Australian deserves a roof over their heads and the doors of opportunity open before them.

I believe our natural environment needs protection and that dealing with climate change presents opportunities not just challenges.

I believe it's a privilege to share this vast continent with the oldest continuous civilisation on earth.

I believe in hope and optimism, not fear and division.

And as I ask you for the privilege of forming government, I think about the path of my life that has led me here.

I grew up in a council house, raised by a single mother. Mum and I didn't have much, but we had each other.

I learnt the value of a dollar. I learnt about the strength of community. I learnt about the power of optimism in the face of adversity.

I learnt about the strength of a parent's love, and how they will move mountains to give their kids a better life.

It's where I learnt to fight for what I believe in and what it means for everyday people to have leaders who fight for them.

It's why I'll fight so hard for a better future.

I went into politics because I believe good government can change the lives of Australians for the better.

Reaching out to those who've fallen back, and creating opportunities that make it possible to get ahead, to be the best we can be.

That's the dream I hold for my son, Nathan. I want to build a strong Australia to hand to his generation.

An Australia that gives them the chance to follow their dreams, to study what they want, to learn the trade or get the job they want, to buy a home, to start a family.

An Australia of boundless opportunity.

An inclusive Australia that celebrates our rich diversity and values our multiculturalism as an asset.

An Australia that embraces the generous Uluru Statement from the Heart, including a constitutionally recognised Indigenous Voice to Parliament.

My fellow Australians, I have unlimited faith in our country's potential.

And if I have the honour of serving as your prime minister, I can promise you I will work as hard as I can every day to see that potential realised.

I will act with integrity, lead with responsibility and treat you with respect.

We've been a through a tough couple of years, but I know our best days can be ahead of us.

I will work with you, to build a better future.

And I say to this Prime Minister, who himself declared months ago he was campaigning and not governing: Call the election. Call it now. And let the people decide.

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