Malcolm’s Official Speeches in Parliament

Exposing the True Cost of Net Zero

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What is the true cost of the net zero transition? Minister Watt had previously provided a figure of $122 billion, but this figure was significantly discounted and left out substantial elements of the cost, which Frontier Economics estimates to be over $650 billion. One critical omission was the cost of behind-the-meter power, which involves taking power from people’s wall batteries and electric vehicles.

When I pressed for details, Senator McAllister reiterated the government’s reliance on expert advice from AEMO. However, bombshell freedom of information documents revealed that AEMO was instructed by the government to take net zero as a forced assumption, despite claims of independence. This raises a crucial question: could an even cheaper grid be built if we ditched net zero?

The reality is that Australia’s electricity prices have never been higher, despite increasing installations of wind, solar, and batteries over the past 20 years. South Australia, the wind and solar capital of Australia, has seen spot prices averaging $200 per megawatt hour for the last quarter. It’s clear that the current approach is pushing Australia into poverty.

One Nation is committed to exposing the truth and advocating for policies that prioritise the well-being of Australians. We need a government that is transparent and accountable – one that makes decisions based on the best interests of the people, not political agendas.

Transcript

Senator ROBERTS: My question is to the Minister representing the Minister for Climate Change and Energy, Senator McAllister. On Monday, Minister Watt provided a figure for the cost of the net zero transition to the economy at $122 billion. AEMO discounted the $500 billion cost by 7 per cent a year, producing a figure of just $122 billion. This left out substantial elements of the cost, which Frontier Economics puts at over $650 billion. There was no allowance for behind-the-meter power, where you go in and take power out of people’s wall batteries and EVs. Minister, what is the cost of this behind-the-metre cost to households and businesses that you have left out of the net zero costs?  

Senator McALLISTER: Senator Roberts yet again asks for more detail— 

Senator Cash: Yes, give us more detail! 

Opposition senators interjecting— 

Senator McALLISTER: when questioning a publication that is in the public domain— 

The PRESIDENT: Order! This is Senator Roberts’s question. He’s entitled to a response, and the minister is entitled to silence. Minister McAllister, please continue. 

Senator McALLISTER: Thanks very much, President. I can inform Senator Roberts, as I have in the past, that the government’s approach is to rely on the advice of experts, and the experts at AEMO conduct intensely detailed, publicly available, engaged work with a community of experts to cost the transition for our power system to 2050. I will say that they provided information publicly again and again and again saying that the cheapest path to 2050 to meet our electricity system requirements lies in renewables firmed by batteries and other forms of storage and by gas. I will say, though, Senator Roberts, that the approach we take, which is to listen to the experts and provide significant amounts of detail in the public domain for scrutiny, is quite different to the approach taken by your party. I have checked the One Nation website. You’ve actually done some policy work over the summer. There were 88 words worth of policy on energy and energy prices previously on the One Nation website; it’s down now, I understand, to 33 words or thereabouts. It used to say that you were committed to building low-emission, coal-fired power plants. You’ve now moved to a new variation on this, which says that you’re going to change the NEM rules to incentivise coal- and gas-fired power. But I make this point: to your credit, it’s a deal more detail than those opposite have provided. The people opposite have proposed a risky nuclear system which they cannot find an expert willing to back. It is $600 billion worth, on the taxpayer tab, with no plan for how to pay for or deliver it— 

The PRESIDENT: The time for answering has expired. Order! Senator Ayres, I have called the chamber to order. That includes you. Senator McKenzie! I think I’ve called you to order enough times this question time. 

Senator ROBERTS: Minister—rely on experts, eh? Bombshell freedom of information document show that AEMO was directly instructed by your government to take net zero as a forced assumption, despite your claims AEMO’s process was not independent of Labor’s political agenda. It’s true, isn’t it, that an even cheaper grid could be built if we ditched net zero, but your government told AEMO they could not look at that. 

Senator McALLISTER: Senator Roberts misunderstands the process that AEMO goes through. AEMO has and has been very clear about the process they undertake to work through the issues associated with replacing and fixing up the mess that was created by those opposite. When those opposite left office, the average wholesale energy price was $286 a megawatt hour. Just like we inherited a 6.1 per cent inflation rate, which they don’t take responsibility for, they won’t take responsibility for the mess that they left either. They know exactly what was going on. Prices were going up, and what did Mr Taylor do at that time? He went off to the Governor-General to make arrangements to hide that price increase from the Australian people before an election. What a disgrace. There is a lot of work to do to resolve the mess that was bequeathed to the Australian people by those opposite, and we are up for it. 

Senator ROBERTS: Minister, you talked about Liberal policy; I want to know about Labor policy. Australia has been installing more and more wind, solar and batteries onto the grid for 20 years, and electricity prices have never been higher. South Australia, the wind and solar capital, has spot prices averaging $200 per megawatt hour for the last quarter. When will you admit the truth—that your net zero is pushing Australia into poverty? 

Senator McALLISTER: That statement is simply incorrect. The prices that are reflected in the way Australians experience their bills are not to do with the spot price. They are an average price from all of the prices that are experienced within the National Electricity Market. The truth is that renewables remain the cheapest form of new generation. We’ve got a lot of work to do. These guys managed the electricity system—or mismanaged it—for over a decade. There were 22 policies. Four gigawatts of dispatchable generation left the grid; only one came on. That actually causes a problem that requires resolution. When we left office, prices were very, very high. There was no plan at all, and our government is working through the necessary steps to put in place the generation to secure Australia’s interests into the future. 

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Record Surge in Foreign Students

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According to the Australian Bureau of Statistics (ABS), a record 201,490 new foreign students arrived in Australia in February alone. This surge raises a pressing question: where are these people going to sleep?

Senator Watt responded by highlighting the government’s efforts to build new housing (and claiming they’ve done more in three years than the coalition did in almost a decade), however he failed to address the core issue: the government’s inability to control immigration numbers.

Despite promises to bring numbers under control, the reality is stark. The latest data shows that housing starts have decreased since the current government took office, exacerbating the housing crisis. The government’s measures to reduce overseas student numbers have also fallen short, with significant increases in arrivals compared to previous years.

We need a government that put Australians first. One Nation is committed to addressing these issues head-on. We will continue to push for policies that prioritise the needs of Australians, hold the government accountable for its failures and make migration net-negative until our housing and infrastructure catches up.

Transcript

Senator ROBERTS: My question is to the Minister representing the Minister for Immigration and Multicultural Affairs, Senator Watt. According to ABS data—that’s Australian Bureau of Statistics data—last month 201,490 new foreign students arrived in Australia. This is a new record for the month of February. Where are these people going to sleep? 

Senator WATT: Thank you, Senator Roberts. For starters, obviously, this government has done more in three years to build new housing than we saw in almost 10 years under a coalition government. That’s the first thing. Of course, what we know is that every measure this government has introduced to build more housing while the coalition have been in opposition they’ve voted against. So, for almost 10 years in government, they did nothing about housing, didn’t build a single public home and didn’t build a single social home; they get into opposition and they vote against everything we do to build more homes. That’s the first part of the answer.  

Senator Roberts, as you’ll recall, not that long ago, this government sought to pass legislation that would reduce overseas student numbers, because we did recognise there had been an increase to that. Who voted against that as well? That was the opposition that voted against that. Who was the shadow education minister who led the charge against that? That was Senator Henderson. She’s got a lot to say now, but she led the charge against our legislation to try to introduce caps on international student numbers. We will continue to act on both of these things. We will continue to deliver the housing that the opposition voted against; we have taken different measures outside of legislation to deal with the number of international students. 

I might also make the point that, in the meantime, our government has acted, and migration levels are coming down as a result of the measures that we’ve taken. In fact, there are fewer people arriving into Australia now than when someone else was the home affairs minister. Who would that be? Peter Dutton—Mr Dutton. So, for all of the promises Mr Dutton is making about immigration now, when he was actually the minister in charge of this, there were more people moving to Australia and migrating to Australia than there are now. (Time expired) 

The PRESIDENT: Senator Roberts, first supplementary? 

Senator ROBERTS: On 11 December 2023, the then home affairs minister, Clare O’Neil, issued a press statement, which included the comment, ‘We are going to make sure we bring numbers back under control.’ Minister, clearly you have not succeeded in getting the numbers back under control. Can you please explain the reason why this government has not been able to control how many people arrive in Australia? 

Senator WATT: As I said, as a result of the actions this government has taken, we are seeing migration numbers fall in Australia compared to what they were when we came to office, as a result of the policies of the opposition. In fact, to give you a few more statistics on this, Senator Roberts, there were 10,000 more overseas student arrivals in Australia in January 2019, when—guess who—Mr Dutton was in charge of our borders. More importantly, the number of student visa applications in Australia has dropped by 30 per cent compared with this time last year. This is proof that our measures are working, despite the coalition voting to block our plan to cap overseas student numbers. We’ve all seen, over the last couple of years, the results of Mr Dutton leaving us with a broken migration system—the Albanian crime gangs who have been rorting our visa system and more still. We have been dealing with that and cleaning it up, and we’re now seeing the results with migration numbers falling. 

The PRESIDENT: Senator Roberts, second supplementary? 

Senator ROBERTS: In the June quarter of 2022, just after your election, housing starts were 47,000. The latest ABS data for the September quarter last year shows just 42,000 starts. You are building fewer homes but bringing in more new arrivals and that has caused the housing catastrophe. If this government is not controlling immigration numbers, who is? Is it the bureaucrats? Is it the universities? Is it the Chinese and Indian governments? Who is in control of Australia’s immigration program? 

Senator WATT: I can assure you, Senator Roberts, it’s not the one world government in control of our policies. That’s definitely not the case. The Australian government, of course, is in charge of our migration policies, and it’s the Australian government who has reduced migration numbers over the last three years through a variety of measures— 

Senator Canavan: *interjecting—* 

Senator WATT: including a number of measures that the very vocal Senator Canavan over there voted against. They’ve got a lot of things to say from the cheap seats over there in the opposition, but, whenever they get the chance to vote on something, they vote against it. 

Senator Roberts, I don’t know whether the figures you have just quoted about the number housing starts are correct or not; I’d have to check them. But what I do know is that the construction of new housing being funded through our Housing Australia Future Fund was held up for month after month after month by the unholy coalition of the Liberals, the Nationals, One Nation and the Greens. They blocked our legislation and prevented spending on housing that has finally been passed by the Senate, still with the opposition of this lot over there. We’re now getting on with building those homes. 

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Australia Left Defenceless After Decades of Failures

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Australia has been left almost defenceless after decades of failures from both sides of politics.

They’ve gutted our defence forces and failed our troops. The current Chief of the Defence even criticised a “warrior” culture in our special forces. This is absurd.

We have to give our Defence Force personnel a proper purpose and a clear mission. We need to spend less money on gender advisers and more on ammo.

Transcript

Some commentators question whether we should have warriors in the Australian Defence Force. My answer to that question is emphatic: yes, we should. Australians ask the government to protect them from foreign enemies. There’s a line on a map; it’s called our national border. Inside that line is the country of Australia and its people, and our resources, our families, our property and our way of life. 

Outside our borders there are some foreign countries who wish to bend Australia to their will. It’s only a matter of time before someone else in the world with a big enough military believes they can change what happens inside our borders. History shows that. As the people of Australia, we ask our Defence Force to ensure no enemy that wishes to do us harm may cross our border. We take some of the fittest, smartest and most motivated young Australians and ask them to put their lives on the line, for that line, to protect what’s inside it. We ask that our defence members be willing to make the ultimate sacrifice. It’s a debt we can never truly repay. 

I’ve had the privilege of listening to many soldiers, sailors and pilots. In almost all of those conversations one word comes up. That word is ‘service’. These Australians answered the call to serve our country and to serve our Australian flag. Defence personnel ask for something simple in return. They ask for something that I agree they deserve. They ask for a purpose to their service. They ask for a clear mission. Above all, they ask for accountable leaders. The Defence Force has been in a drought of accountable leadership at the very top. Politicians have always invoked the Anzac spirit in big speeches. But it’s not enough to stand up on Anzac Day and claim to back the troops. We must deliver the things they deserve every day: a clear purpose, a clear mission and accountability for our leaders. Successive politicians, ministers and especially generals have failed to deliver this for our defence personnel.  

Australia had forces deployed to Afghanistan for 20 years. Australia’s uniform military was pitted against the Taliban, an insurgent guerrilla organisation. With superior technology, tactics, resources, training and troops, Western forces famously won nearly every tactical engagement. The Taliban reportedly had a saying: ‘You have the watches’—referring to the Western technology—’but we have the time.’ As some commentators quipped, we spent 20 years and billions of dollars and sacrificed Australian lives to replace the Taliban with the Taliban. The tens of thousands of ADF personnel who were deployed to the Middle East deserve our praise. They accepted the call and committed their lives to it. It’s the leaders, the politicians and the generals that must be held accountable for the decision to send our best to faraway lands. 

On his last day in parliament, on The 7.30 Report former foreign minister Alexander Downer said that John Howard walked into cabinet when he came back from 9/11 in the US and simply declared, ‘We are off to Iraq.’ There was no discussion with the public and not even a word of debate in parliament, just the lie that Saddam Hussein had weapons of mass destruction. Iraq was an illegal war based on a lie. There were no weapons of mass destruction, as our political leaders claimed. Yet not one politician or general has been jailed for throwing our best into it. Not one was even called out or even held accountable. Our enlisted and junior officers did everything they could to serve us while deployed to the wider Middle East. Scores paid the ultimate sacrifice. What about the politicians and senior generals who failed and hamstrung our soldiers? Those apparent leaders never delivered a coherent reason or an end state for what we were trying to achieve. 

Without a compelling reason for why our soldiers were deployed to the Middle East, many of our veterans and serving members were left disillusioned. Make no mistake: there were no angels in the Taliban ranks. Those insurgents were some of the worst of the worst. Despite this, our warriors rightly asked why. Why were we in desert country spilling Australian blood only for the Taliban to retake those bases from the Afghan army, as many on the ground warned they would? The answer is that the leaders failed to ever give our soldiers, aviators and sailors the purpose they deserve. 

Our lesson must be to never repeat these mistakes. The mission of our defence forces should be clear. If you sign up for the armed forces, your job will be to protect the sovereignty of Australia from anyone who wishes to do us harm. It will not be to fight forever wars in faraway lands having been sent there based on lies. As a servant to the people of Queensland and Australia, I know that our warriors in the military deserve a place in our hearts, and our service men and women deserve a damn good reason to be there and they deserve and need strong leadership. (Time expired) 

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The Energy Lies

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No one trusts politicians because of their lies. PM Albanese promised power bills would drop by $275 by 2025, but they’ve only increased. Despite claims that wind and solar are the cheapest, power bills have never been higher after 20 years of introducing these “renewable” sources.

The Liberal Party’s motion complains about high power bills but ignores the real issue – NET ZERO.

The ONLY elected party that opposes this scam and is committed to lowering power bills is One Nation. Labor, Liberals, and Nationals all support expensive energy. The truth is coal is the cheapest way to run our electricity grid. India and China use our coal, yet Australians can’t. Make it make sense!

One Nation has a plan to permanently reduce power prices by ensuring baseload power stability. This would cut bills immediately by 20% and ultimately by 50%.

Vote One Nation to put more money back in your pocket and end the net zero lies.

Transcript

No-one trusts politicians, because of lies. Prime Minister Anthony Albanese promised Australia that power bills would come down $275 by 2025; 2025 is here and power bills have never been more expensive, and they’re still increasing. Australians are constantly told wind and solar are cheapest. That might be the greatest lie in Australian political history, and that is saying something. Well, after 20 years of connecting all the wind, solar, batteries and pumped hydro to the grid, power bills have never been higher. 

This is a motion from the Liberal Party, complaining, yet it says nothing about the reason power bills are still so expensive. There is a reason why Queenslanders are worried about running their air conditioning and why local small businesses are closing: that’s net zero. There’s only one elected party in the Senate that opposes the net zero scam, and that’s One Nation. We are the only ones that truly believe in making power bills cheaper. Labor is committed to wind and solar—super expensive. The Liberals the Nationals are committed to wind, solar and nuclear—very expensive. None of them will promise that your power bills will come down under their plan, because they can’t. The truth is that under net zero Australia faces decades of increasing power prices. 

There’s a big secret that every politician in this room knows yet won’t say out loud: the absolute cheapest way to run an electricity grid today is coal. Even if you believe in net zero, let’s have a serious look. Australia’s annual carbon dioxide production is 465 million tonnes. India and China together are 16 billion tonnes, 35 times as much. India and China are allowed to buy Australia’s coal and use it, yet Australians can’t use their own coal here in our country. One Nation would get rid of this nonsense. We have a plan to bring down power prices permanently. Right now, baseload power is told to immediately shut down whenever wind and solar unpredictably turn on. Coal is what’s known as baseload power; it’s designed to run effectively and efficiently, 24/7, up to 98 per cent of the time. Turning baseload power off completely in unplanned ways is a huge problem. This leads to much higher prices, increased maintenance costs and, in some cases, power stations breaking down owing to the abuse they weren’t designed for. 

The solution is very simple: just guarantee baseload power the minimum time needed to keep spinning. Wind and solar can fill in the rest if they happen to turn on. The most conservative scenario is that this will bring down power prices 20 per cent immediately. Taken to full effect, this could bring power bills down 50 per cent. The Liberals, Labor and the Nationals will never bring down your power bills like this, because they are completely committed to net zero nonsense—net zero lies. One Nation, and only One Nation, will put more money back in your pocket. 

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Vote One Nation to Restore Wealth and Opportunity

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This was my last chance to speak directly to Australians in the 47th Parliament. Thank you, Queenslanders, for trusting me to represent you in the Senate. 

I’m running again with One Nation to continue serving you in the 48th Parliament. 

Australians deserve honest representation and a government that puts them first. 

Let’s defeat the Albanese Labor government and restore wealth and opportunity for all. 

Vote One Nation for real change!

Transcript

This is my last opportunity to speak directly with the Australian people in the 47th Parliament. I thank Queenslanders for the opportunity you’ve given me on two occasions, in 2016 and 2019, to represent your interests in the Senate. It’s an honour to serve you, and I hope the duty that comes with service has shown in my work. I’m contesting the Senate election in Queensland with One Nation. I look forward to continuing my service to the people of Queensland and Australia in the 48th Parliament. I thank my wife, Christine, for her continued love and support in what can be a demanding role. 

I’m standing in this election because Australians deserve honest representation and the Albanese Labor government must be defeated. Under Labor, Australians and Australian families have gone backwards further than at any time since the Great Depression 95 years ago. How can a government fail so badly and still have the hide to ask for the public’s vote? As I travel across Queensland I hear many stories of life becoming harder, families having to choose between buying groceries and paying bills, and stories of rents or mortgages which can only be paid for by foregoing spending in other areas. I hear stories of young Australians who’ve studied hard, graduated with a degree or trade, who have a good job and still can’t pay their rent and their HECS debt, let alone save for their own home, and who now feel betrayed and robbed. Australia has imported so many people in such a short space of time that falling living standards for those already here were foreseeable. Indeed, 29 years ago Senator Pauline Hanson warned Australia this would happen. 

I will continue my campaign against the UN and against the World Economic Forum and their billionaire owners who have our Prime Minister on speed dial. I will continue my campaign to bring those responsible for harm during COVID to justice. The hardship many are feeling can be turned around, and One Nation’s election platform will do just that. It’s time to vote differently for a change—a real change. Vote One Nation and let us restore wealth and opportunity for all. 

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End Bracket Creep – the Stealth Tax!

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One Nation moved an amendment to a tax bill to end bracket creep, demonstrating our commitment to ending the Liberal-Labor stealth tax, who use inflation to push people into higher tax brackets.

The last time we moved to end bracket creep, both major parties and the Nationals claimed they were against it, yet they voted against our amendment. Why? Because they lie! They like bracket creep because it’s a stealth tax – a secret tax. Both depend on bracket creep to quietly take more money from workers.

One Nation wants to reform taxation and put more money in people’s pockets. At this election, vote One Nation #1

Transcript

Here we go again—bracket creep. Australians rightly complain that politicians from both major parties have no vision for our country’s future prosperity. It’s all just short-term budgets that never look beyond the next election. That’s why, tonight, One Nation is moving an amendment to the 2025 budget that would benefit our children’s children and everyone in Australia today. If successful, our amendment would remove the secret tax, the stealth tax, known as bracket creep. Bracket creep is where the government quietly takes more tax from Australians because of inflation. The government uses inflation to take more tax out of every Australian. This simple amendment to end bracket creep would save Australians tens of billions of dollars each year. It’s another One Nation plan to put more money back in your pocket. 

So let me explain. As inflation continues, wages increase to try and keep up. A salary might go up from $100,000 to $120,000, yet, because of inflation, you can still only buy the same things because prices have risen. Despite being able to only buy the same things, your tax bill goes up because, on paper, the salary has gone up and been pushed into a higher tax bracket with a higher rate of tax. Inflation pushes up the salary you need to survive every year, yet the tax thresholds stay in exactly the same place. As salaries increase, they enter a higher tax rate bracket. This is bracket creep. One Nation would end it. We would index the income tax thresholds to inflation so you do not enter a higher tax rate bracket, making sure Australians don’t pay a higher tax rate because of inflation. 

Tax reform is mentioned a lot in parliament. Here’s a genuine opportunity to do it. Australians are being squeezed from every angle. The current tax system is bleeding Australians dry while letting foreign multinational corporations rip off the country. Tonight, One Nation is proposing a policy that will tip the balance back towards helping Australians because we believe in putting more money back in Australians’ pockets. At the election, vote One Nation No. 1. 

How They Voted

The Liberals, Nationals and Labor claim to support tax bracket indexation, yet twice I have moved an amendment to introduce it, and both times they have voted it down. The major parties want to dishonestly continue their thieving stealth tax.

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Australia’s Living Standards Decline

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Throughout my entire time in the Senate, I’ve consistently spoken on the need to restore Australia’s productive capacity through the construction of new infrastructure.

It’s a simple metric: the living standard of each Australian is expressed as our gross domestic product divided by the population. With 5 million new Australians in the last 10 years – 2.5 million under this Labor government – our gross domestic product is being split into more slices for the new arrivals faster than it is growing.

As a result, the standard of living for individual Australians is going backwards and has fallen by 8% since Labor took over. Did anyone hear Prime Minister Albanese promise in his 2022 election campaign to reduce the living standards of everyday Australians by 8%?  I didn’t.

The answer to falling living standards is to reduce immigration.

The Government must also embrace the other side of the equation, which is building new infrastructure to enhance our productive capacity.

This video explains One Nation’s ‘build baby build’ policy, which we are taking to this election.

Transcript

I thank Senator Rennick for this opportunity to speak about One Nation’s policies and note that, in March, his statements and policies are becoming increasingly loaded with One Nation policies that we released earlier the month before, in February. In that, it’s like Labor and the LNP too, who are copying elements of our policies. 

For the entire time I’ve been in this Senate, I’ve spoken on the need to restore Australia’s productive capacity through the construction of new infrastructure. It’s a simple metric: the living standard of each Australian is expressed as our gross domestic product divided by population. With five million new Australians in the last 10 years, 2½ million of those under this Labor government, our gross domestic product is being split into new slices for the new arrivals faster than it’s growing. As a result, the standard of living of individual Australians is going backwards and has fallen by eight per cent since Labor took over. Did anyone hear Prime Minister Albanese promise in his 2022 election pitch to reduce the living standards of everyday Australians by eight per cent? I didn’t. The answer is clearly and certainly to reduce immigration, although the government must embrace the other side of that equation as well, which is building new infrastructure to grow our productive capacity. 

One Nation are taking a platform to this election that includes building a national rail loop to take hundreds of thousands of truck movements off the roads, making freight handling cheaper and more efficient, reducing supermarket prices and making Australia more competitive. That’s vital in a large country with a small population; logistics is tops. Our platform also includes a new northern rail crossing from Port Hedland to Moranbah and the Port of Gladstone in Queensland to open the east Pilbara and the north-west minerals province in Queensland to the international market, facilitating exports worth hundreds of billions of dollars and tens or hundreds of thousands of breadwinner jobs. There’s also a multifunction corridor to take water, power and internet along the new northern crossing railway to bring town services to more than 100 remote communities across the Top End; Hells Gates Dam in Far North Queensland to provide flood mitigation, water security and hydropower; and the Urannah water project and pipeline, amongst others. What will be the source of these funds? There will be $90 billion from cutting waste and duplication, itemised. See our website; it’s fully costed. 

Each year, we will put $40 billion of that back into people’s pockets. For example, couples with children income-splitting will save almost $10,000 a year. It’s fully costed. Each year, we will invest $20 billion in infrastructure to increase productive capacity to increase our children’s wages. Each year, we will pay down record debt of $30 billion, which is estimated to become $50 billion the year after next per year, to reduce interest. Only through building our productive capacity can we hope to provide for the millions of new arrivals, generate new government revenue from increased economic activity and restore wealth and opportunity to all who call this beautiful country home. 

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One Nation’s Plan for Economic Growth and Self-Reliance

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This budget is a mockery of governance that seeks to make Australians reliant on government handouts. It ensures that power is no longer vested in ‘We The People,’ instead it’s in ‘Them the Bureaucracy.’

The world has been here many times before and clearly, Treasurer Chalmers has failed to study history. The more the government borrows—$44 billion in this budget—the less private enterprise has available to invest and grow the economy for all who are here. The more the government spends, the less is available for private enterprise to create real jobs, making everyone more reliant on the government.

One Nation is offering the Australian people a comprehensive economic plan to restore wealth and opportunity for every Australian. One Nation will immediately return $40 billion into the pockets of everyday Australians, funded through savings of $90 billion. This plan includes paying off an additional $30 billion a year from our national debt and investing $20 billion a year for 10 years in infrastructure to grow our economy. In my budget reply, I explain how this will be achieved.

Transcript

This budget that we’ve just had delivered is a mockery of governance that seeks to make Australians reliant on government handouts, ensuring power is no longer vested in us, the people, but instead is vested in them, the bureaucracy. The world has been here many times before, and clearly Treasurer Chalmers has failed to study history. The more government borrows—$44 billion in this budget—the less private enterprise has available to invest and grow the economy for all who are here. And there are too many here: five million new arrivals in the last 10 years—five million. There have been 2½ million under this Labor government in just the last three years. This is the major reason for the cost-of-living and housing catastrophe. The more the government spends, the less is available for private enterprise to create real, productive jobs and the more reliant everyone becomes on the government. 

One Nation is offering the Australian people a comprehensive economic plan to restore wealth and opportunity for every Australian. One Nation will immediately return $40 billion into the pockets of everyday Australians, funded through savings of $90 billion, which will also enable us to pay off an additional $30 billion from our national debt and invest $20 billion a year for 10 years in the infrastructure to grow our economy. Here’s how we’ll be putting more money in people’s pockets—more money in your pocket. No. 1 is reducing electricity prices by 20 per cent to save $6 billion. Currently the system of priority dispatch turns coal-fired power stations off during the day to make room for solar and wind. Operating a coal plant this way causes damage which shows up in much higher maintenance costs and breakdowns, increasing the price of coal fired electricity. One Nation will turn priority dispatch around and run coal plants to at least 80 per cent capacity 24/7. We expect this power will be sold into the grid at around $55 per kilowatt hour, compared to the average price last quarter across all types of power of $120 per kilowatt hour. That’s less than half of what it has been. This should reduce power prices by 20 per cent immediately, and, over time, as we build new coal plants, it should cut power prices by 50 per cent. The government pays for the electricity it uses, so this will reduce the government’s electricity costs by $3 billion and save consumers and businesses $6 billion a year. That’s more money in your pocket. 

No. 2 is income splitting to save $8 billion. One Nation will introduce income splitting, allowing a couple with at least one dependent child to split their income between both partners. If there’s only one breadwinner earning the average wage, the family will save $9,500 a year in tax. That’s $9,500 that stays in your pocket. This measure will cost $8 billion a year, offset in part from tax on the resulting higher economic activity. And we expect more parents to be able to afford to stay home and mind their children, reducing government subsidised childcare. 

No. 3 is $13 billion a year in excise cuts. One Nation will cut the fuel excise by 26 cents a litre for three years and then review it to see if it continues. The ACCC monitor fuel prices daily, and I’m confident the reduction will be passed on to consumers. Fuel is an input cost right across the economy. Lowering fuel prices lowers commuting costs for consumers and transport costs across the economy, including for groceries, saving consumers and industry $8 billion a year. That’s more money in your pocket. We will remove the GST on insurance policies, saving consumers $3 billion a year. And we will remove the excise on alcohol sold in hospitality venues. This will save consumers more than $1 billion a year. That’s more money in your pocket. This policy is not about drinking; it’s about supporting hospitality venues and offering Australians a safe place to drink in a social environment—a community. 

No. 4 is increased funding for the ACCC. In February One Nation called for an increase in funding for the ACCC to enable a thorough investigation of supermarkets, airlines and insurance companies for profiteering and dishonest business practices. I note that Treasurer Chalmers tonight in the budget has required the ACCC to spend $38 million on policing supermarkets, which will be hard after he cut the ACCC’s budget by $48 million. One Nation will provide whatever it takes to investigate and prosecute illegal behaviour from supermarkets, airlines and insurance companies. Prices must come down, and profit margins should not be excessive in these essential industries. 

No. 5 is increasing Medicare funding by $3 billion a year. One Nation will prosecute fraud in the Medicare and PBS system, which the government knows is happening yet does not have the courage to solve. We will impose longer wait times before new arrivals can access Medicare and review drugs being offered under the PBS that received emergency-use authorisation during COVID. 

This $40 billion of more money in your pocket will be paid for with the following spending cuts to cut government waste. We will abolish net zero and climate change measures. One Nation will withdraw from the United Nations Framework Convention on Climate Change, the Kyoto protocol and the Paris Agreement. We will end net zero. We will abolish the department of climate change and their agencies, schemes and boondoggles. Existing solar and wind contracts will be honoured. No new subsidies will occur. Today’s budget reveals that the whole climate scam costs the government $35 billion a year. The cost to the private sector is anywhere from $1 trillion to $2 trillion depending on who’s doing the numbers. This is a massive cost on Australian households that One Nation will abolish. 

One Nation will return the NDIS to its original purpose, helping the severely disabled, and introduce means testing, saving $20 billion a year and improving care. 

We will withdraw from the World Health Organization and ban the World Economic Forum. For too long Australia has been held hostage to unelected, unaccountable, corrupt foreign bureaucrats at the World Health Organization and predatory billionaires operating their puppet organisation, the World Economic Forum. It’s a cabal which, during COVID, transferred $5 trillion from everyday citizens into their own pockets. One Nation will withdraw from the UN World Health Organization and will only provide cooperation where we believe it will assist in world health. We will withdraw from the World Economic Forum and the World Bank, saving around $1 billion a year in contributions, administration and in the costs of implementing policies such as One Health, which can only be described as anti-human.  

We will end mass immigration. There are 75,000 people in Australia illegally, right now, mostly with expired visas. One Nation will deport them all. There are 1.1 million people here with student related visas, which are students and their families, who can now accompany students. Australia only has 480,000 student places, so clearly there are people who are rorting the system, at our cost. One Nation will send home any student and their family who is not following the terms of their visa, which are to study and to complete their course. 

One Nation’s policy will initially result in a negative net immigration of 90,000 a year, meaning more people will leave than enter, because with around 220,000 departures a year we will only allow 130,000 people a year to enter. Ninety thousand more people will leave than enter. This will put downward pressure on the cost of housing and free up homes for Australians who are currently living in tents or who are underhoused. Unlike under Liberal and Labor policies, all people who enter will be skilled.  

Education is a state responsibility. Yet we have federal bureaucrats telling state bureaucrats telling regional bureaucrats telling headmasters telling teachers what to teach—too many mouths to feed along the way and harming educational outcomes. The Program for International Student Assessment, PISA, is an OECD program which assesses reading, mathematics and science literacy of 15-year-old students. Australia is not in the top 10 nations, and our latest ranking shows a score below the OECD average. We will abolish the federal Department of Education, including the Australian Curriculum, Assessment and Reporting Authority and NAPLAN, saving $2 billion a year, and return education to the states in accordance with the federal constitution.  

Last year the Allianz insurance company found Australian businesses were spending $27 billion on DEI and related mental health measures in 2024-25. While One Nation supports legitimate mental health concerns, there’s clearly a significant cost involved in DEI. If half of this $27 billion is for DEI, and the government is a quarter of that, then DEI is costing taxpayers $3 billion a year and adding $10 billion a year to the cost of goods and services in Australia. One Nation will abolish woke and bank these savings for taxpayers and the Australian public.  

Next, One Nation will end foreign multinational gas companies rorting the natural gas royalties. We will change from where royalties are levied from profits and switch to point of production—that makes perfect sense—and create a domestic gas reserve, raising up to a $13 billion a year from offshore sales.  

We will reduce foreign aid, saving $3 billion a year, with the remaining aid being targeted to those in need instead of being a slush fund for political influence.  

We will abolish the white and black Aboriginal industry. As already announced, we will replace the national Indigenous grants agency, the Aboriginal units across every department and agency and associated programs and boondoggles. We will replace that parasitic mess with direct grants and essential remote infrastructure based on need not race, saving $12½ billion and getting better care to the Aboriginals in the community.  

Taken together, these savings will total $90 billion a year, with $40 billion going back to taxpayers and $20 billion going to infrastructure, which I discussed this afternoon. One Nation’s plan is a real economic plan, designed to lower the cost of living while expanding the economy and restoring wealth and opportunity for all Australians. 

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Australian Graduates at Risk: Concerns Over Indian Degree Equivalency

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Australians have valid concerns about Indian degrees being considered equal to Australian degrees, especially given the serious issues with cheating and degree fraud in Indian universities, where degrees can be purchased for as little as $3,700.

Minister Wong’s response was unsettling in the lack of concern for Australians. The Minister did acknowledge that industries with professional associations, such as health, could require further study, testing, or mentorship.

However, Minister Wong did not mention that this agreement will lead to competition between Australians who have studied for 3-5 years and paid substantial fees, and Indian “graduates” who may not have. These Australians now have a substantial HECS debt, which requires a salary capable of paying off the debt while providing for their future.

This situation is a recipe for the erosion of wages and job prospects for Australian graduates, and ultimately, a reduction in the number of Australians prepared to risk the expense of university.

One Nation will tear up this agreement.

Transcript | Question Time

My question is to the Minister representing the Prime Minister, Senator Wong. Minister, does the mechanism for the mutual recognition of qualifications between India and Australia give equal merit to an Indian degree in Australia as an Australian degree in Australia? 

Senator WONG: Thank you to Senator Roberts for the question. I will see what additional information I can get for you in relation to mutual recognition. I’m hoping that the appropriate portfolio finds some information for me. There are a number of economic agreements and other partnerships where we do have mutual recognition schemes with other jurisdictions, and obviously the safety of consumers remains paramount. I can’t recall at this moment whether that is delivered through the mutual recognition schemes themselves or through separate registration schemes for particular professions, for example, such as the health professions, but I’ll certainly find more advice for you and provide you with that. I’m assuming it’s the health sector that you are most interested in, but maybe you can clarify. 

The PRESIDENT: Senator Roberts, first supplementary? 

Transcript | First Supplementary Question

It’s all degrees. Indian universities have a substantial problem with cheating and with degrees being sold for as little as $3,700. Indian criminals are establishing ghost colleges in Australia. The Australian Skills Quality Authority acknowledged this in 2019. Minister, will there be any attempt to recognise qualifications on the basis of the originating institution or some other system for verifying the legitimacy of the qualification, especially in critical areas such as health services and engineering? 

Senator WONG: That covers a number of portfolios, certainly in relation to vocational colleges and so forth. You would have heard the minister and, I think, the representing minister here speak about the importance of better regulating the sector, and some of our forums in relation to international students and international education go to the issue of making sure that here in Australia students can attain high-quality qualifications. But, in relation to—I think you said—engineering and health, again I will see what we can find for you. My recollection is that these arrangements between countries which might give pathways to recognition are one thing, but the requirements of particular professions to ensure that people have the requisite qualifications to be able to provide the relevant services to consumers remain. (Time expired) 

The PRESIDENT: Senator Roberts, second supplementary? 

Transcript | Second Supplementary Question

I simply need to get the government’s logic straight, Minister. Are you saying we don’t have the places to train our own graduates because we have 500,000 foreign students occupying those places who will then take their degrees back home, so we have to bring in Indian graduates to get the skills we need? Minister, wouldn’t it just be easier to reduce foreign students and educate more of our own children? 

Senator WONG: The government’s view is that you need a vibrant, world-class, high-quality higher education sector. You do that in many ways, including by making sure it is appropriately funded. We do that also by making sure that there is some consideration to the mix of domestic and overseas students. You would have seen that the government has announced caps in relation to international students, and that is in part recognition of the quality of education provided to them as well as to the broader student community. So I think it is important to have both, but I would make the point that this is an important export industry. We are able to earn income for Australians, which we can then ensure is invested wisely. There is a reason Australia is an open and trading nation, and that is that it has grown our economy, but we are seeking to reduce the number of international students over time. (Time expired) 

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One Nation’s View of “The Future Made in Australia” Bill 2024

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The Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 is a perfect example of legislation that One Nation would abolish. For 30 years, Australia has been held hostage to the green climate scam. This Bill continues wasteful spending, now with a hint of desperation. 

The Bill introduces a hydrogen production tax credit of $2 per kilogram, aiming to meet net zero targets. However, if hydrogen were commercially viable, companies and banks would be investing, but they aren’t. One Nation believes in the profit motive, not subsidies. 

Recent withdrawals from hydrogen projects by companies like ATCO and Shell highlight the unviability of green hydrogen. In contrast, One Nation supports practical projects like the Port of Gladstone’s container-handling development, which will bring thousands of jobs and $8 billion in private investment. 

The Bill also offers tax incentives for refining critical materials used in renewable energy, costing $7 billion over 11 years. This benefits processors, not taxpayers. One Nation proposes infrastructure projects to support critical minerals development instead. 

Lastly, the Bill changes borrowing rules for Aboriginal communities without actually specifying the new rules, creating uncertainty and potential debt for unviable projects. One Nation cannot support this lack of transparency. 

The net zero transition is destroying Australia with absolutely no benefit to the natural environment.  

It’s time we returned to reliable coal and gas fired power stations.  This measure will put more money back in Australians pockets and end further suffering. 

Transcript

The Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 is a perfect example of the garbage legislation a One Nation government would abolish. For 30 years, Australia has been held hostage to the green climate scam/climate fraud. With this legislation, the boondoggles continue—this time with a hint of desperation.  

The bill has three schedules. The first introduces a hydrogen production tax credit of $2 a kilogram of hydrogen. This is supposedly to encourage the production of hydrogen for use in processes that contribute to the meeting of net zero targets. There it is again, raising its ugly head: net zero targets. There is a reason that green hydrogen is going up in flames faster than the Hindenburg. If hydrogen was commercially viable there would be a queue of companies producing and using hydrogen, but there aren’t. There would be a queue of bankers lending for new hydrogen production. That isn’t happening either. In fact, the reverse is true: companies and banks are pulling out. One Nation has a different strategy to encourage production. It’s called the profit motive.  

Eighteen months ago Canadian gas giant ATCO scrapped plans for one of the first commercial-scale green hydrogen projects in Australia, despite strong funding support from the government. Why? Because the numbers did not add up. In a sign of the times, Shell withdrew from a project to convert the Port Kembla steelworks into a hydrogen powered green steel project in 2022. Only last week BlueScope announced a $1.15 billion upgrade to the same Port Kembla plant to produce steel for another 20 years, using coal. The Hydrogen Park project in Gladstone, in my home state, was suspended after the Queensland government and the private partner withdrew. Despite the hype, this project would have only produced enough hydrogen to power 19 cars, while employing a handful of people. On the other hand, the Port of Gladstone’s container-handling development, a real project, which One Nation has championed for years and which will be starting construction shortly, will bring thousands of jobs to Gladstone, with $8 billion of private sector investment—real breadwinner jobs, real future productive capacity. 

Now, there have been some promising developments in hydrogen powered cars, mostly from Japanese makers. With zero tailpipe emissions, a longer range and faster refuelling, they contrast with the high cost and impracticality of EVs, electric vehicles, to achieve the same outcome. But the Japanese are trialling these on the basis that they may be legislated. The Japanese are covering their options. It should be noted that this research is being conducted in the private sector, acting out of a profit motive. Nothing our government has done will develop this technology. Consider Honda, for example. It is a disciplined, respected car maker—one of the leaders in the world—with an amazing culture. It is a leader in hydrogen. It’s marking time. It has hydrogen powered vehicles on the road, but it’s using it’s shareholder money to support them, prudently, just in case they’re legislated.  

There’s nothing in the hydrogen schedule of this bill that will provide Australian taxpayers with value for money—nothing—and it’s a bloody lot of money: $6.7 billion over 10 years. I can just see Chris Bowen and Mr Anthony Albanese tossing out another few billion, $6.7 billion, to add to their trillions that will be invested eventually in this net zero madness. One Nation opposes schedule 1 of the bill, and if the bill is passed it will be repealed when One Nation repeals all of the green climate-scam legislation.  

Let’s move to schedule 2. Schedule 2 of the bill creates production tax incentives for transforming critical materials into a purer or more refined form. The materials in question are those that are used in wind, solar and batteries, used to firm unreliable, unaffordable, weather-dependent power—more money being thrown down the sewer. This section of the bill is directed at an industry that already receives government support through other schemes, including the Critical Minerals Facility, which offers loans, bonds, equity guarantees and insurance; the National Reconstruction Fund, which offers concessional loans, equity and guarantees; the Northern Australia Infrastructure Facility, which offers concessional loans, equity and letters of guarantee; and the Critical Minerals Research and Development Hub, which offers in-kind support via free research and development—not free to the taxpayers funding it, but free to the company—which is separate to the normal research and development tax incentives from the Australian Taxation Office. We’re tossing money at these people, and it’s wasted. How much assistance does one industry need? How much, government? After all this assistance, who gets to keep the profits generated from all this taxpayer largesse? The processors do. The critical minerals proposal in schedule 2 will cost $7 billion over 11 years—another $7 billion. ‘What’s a billion here or there?’ says the government. 

The Albanese government is socialising the costs and privatising the profits. We pay for their development and the costs, and the companies take the profits. Worse, there’s no requirement that the recipients are Australian owned. What are you doing with people’s money? What would actually help critical minerals in Australia is One Nation’s proposal for a northern railway crossing from Port Hedland in the west to Moranbah in Queensland to open up the whole Top End and provide stranded assets like critical minerals with access to manufacturing and export hubs. 

Let’s move on to the third schedule, the final schedule. It’s even worse. The bill changes the rules in the Aboriginal and Torres Strait Islander Act to allow Aboriginal communities wider borrowing powers. The new rules are not specified. Those will come later from the minister. Not only is this a failure of transparency, it creates a second round of debate when the rules are released. It creates more uncertainty. Rules written under proposed legislation should be included with the legislation so the Senate knows exactly what it is voting on and how the powers will be used. But we don’t, and yet you’re going to vote on this. Without those rules, One Nation cannot support this schedule either. 

In One Nation, we support the people. The Liberal-Labor-Greens, though, have decades of serving masters outside the party—globalist, elitist, parasitic billionaires, foreign corporations, non-government organisations, the United Nations and the World Economic Forum alliance. The Senate is open to conclude, given the location of this provision within a bill about injecting money into the net zero scam, that net zero is the destination for this extra borrowing—financing Aboriginal corporations to create their own government subsidised businesses and doing things private enterprise won’t touch. 

Minister for Climate Change and Energy, otherwise known as ‘Minister for Blackouts’, Chris Bowen, member of parliament, is behaving like an addicted, compulsive gambler who has done all of his own money and is now dragging his friends into his black hole. If this bill is passed, the Aboriginal community will be shackled with debt for pointless financial boondoggles that have no chance of commercial success—none. If this is not the intention, then the minister must table the rules. Let’s see what the government does intend.  

The net zero transition is destroying Australia and doing nothing for the natural environment. It is hurting the natural environment. The public are turning against the whole scam now that they realise the cost benefit is not there. It’s costing them money and needless suffering. Business is turning against net zero because its carrying the full cost of soaring power prices and extra green tape. It’s now coming out in the papers—the mouthpiece media. Minister, give it up, turn on the coal- and gas-fired power stations and save Australia from more suffering. 

I’m now going to raise some additional points, related points, explaining what underpins the hydrogen scam and climate fraud. The Senate seems to be populated, mostly, with feeble-minded, gutless senators. Never has any empirical scientific data been presented as evidence, within logical scientific points, proving that carbon dioxide from human activity does what the United Nations and World Economic Forum and elitist, fraudulent billionaires claim—never, anywhere on earth. Or do such uninformed, gullible proponents in parliament have conflicts of interest? For example, the teals and possibly the Greens, it seems, receive funds from Climate 200, which spreads money from billionaire Simon Holmes a Court, who rakes in subsidies for solar and wind. Are the teals, including Senator Pocock, and the Greens gullible, or are they knowingly conflicted and pushing this scam? Only One Nation opposes the climate fraud and the net zero scam. One Nation will pull Australia out of the United Nations World Economic Forum’s net zero target. One Nation has a plan to put more money into Australian pockets, giving you choice on how you spend your money rather than letting these people here waste it for you with the needlessly high cost of living. 

Why do electricity bills keep skyrocketing when we switch to LED lights and star appliances, and when we get power from huge solar and wind generators? The people have been conned by the energy relief fund, which has suppressed what they see in their electricity bills. When that fund comes off soon, you’re going to be in for a nightmare, a shock. Only One Nation has the policies to put more money into people’s pockets now. For some insight from overseas, President Trump says it so well in his 20 January executive order: 

The United States must grow its economy and maintain jobs for its citizens while playing a leadership role in global efforts to protect the environment. Over decades, with the help of sensible policies that do not encumber private-sector activity, the United States has simultaneously grown its economy, raised worker wages, increased energy production, reduced air and water pollution … 

That’s exactly what we’ve been saying for years, for decades in fact, in One Nation. And that’s exactly the opposite of what the Greens, the teals, the Labor Party, the Liberal Party and the Nationals are pushing with net zero. 

I have one final point. I remember Scott Morrison as prime minister at the time, a few years ago, introducing some green hydrogen scheme incentive, with more subsidies from taxpayers to foreign, predatory billionaires. He said at the time that a price of $2 per kilogram for hydrogen would be fine. We worked out that the price of electricity at that price for hydrogen is $200 per megawatt hour, which is exorbitant. It’s almost 10 times what the fuel costs are for coal. What he didn’t tell you at the time, and what Labor has blindly followed, was that the actual price of hydrogen was $6 per kilo. Pipedreams are now becoming nightmares for people across Australia. 

Only One Nation opposes the climate fraud and the net zero scam. Only One Nation will pull Australia out of the United Nations World Economic Forum’s net zero target. We are importing ideology from the United Nations and the World Economic Forum, and we are importing poverty and deprivation. One Nation, though, has a plan to put more money into Australians’ pockets, to give you choice on how you spend your money. 

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