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Private Jets & Amazon Destruction: The COP30 Circus

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The latest globalist circus: UN COP30 in Belem, Brazil was a monumental failure and a masterclass in elite hypocrisy. While 55,000 “carpetbaggers” and technocrats gathered to lecture us on our carbon footprint, they were busy carving a highway through the heart of the Amazon rainforest just to improve access to their venue. 30,000 trees gone, destroying 10,000 tonnes of carbon dioxide sequestration, all while sipping champagne on luxury cruise ships floating in a harbor filled with raw sewage.

The hypocrisy is staggering. They parked 250 private jets at local airports and then had the gall to discuss taxing your airline flights.

The UN KNOWS the 1.5° target is a fantasy. The truth is coming out: most countries know that Net Zero will bring economic ruin and that carbon dioxide is essential for human prosperity.

Australia is already at “net zero”. Our forests absorb more CO2 than we produce. To chase “green” energy, the government is blowing up mountaintops for wind turbines and cutting through national parks for transmission lines.  And Ministers like Chris Bowen are being rewarded with UN roles for facilitating the transfer of Australian wealth into the pockets of billionaire crony capitalists and foreign interests.

This isn’t just about the weather; it’s about control. The “Globalist Uniparty” (Labor, Liberal, Greens, and Teals) is ushering in a future where you are herded into 38-storey “human filing cabinets” in 15-minute cities.

They want to track your spending and deny transactions for meat, travel, or air conditioning once you hit your “limit.” The push to eliminate cash is the final step in building this virtual prison. And under the guise of fighting “misinformation,” they are moving to criminalise dissent and “defossilise knowledge.”

When I warned about this nearly a decade ago, people laughed – yet nobody is laughing now. Everyday Australians are waking up to the fact that One Nation was right. We are the only party with the guts to stand up to this madness.

Our plan is simple: 1️ Withdraw from the United Nations and the World Health Organisation; 2️ Exit the UN Paris Agreement immediately; and 3️ Stop Net Zero to protect Australian living standards and sovereignty.

The UN is out of control, and this Labor government is their willing accomplice.

Put Australia first.

— Senate Speech | 25 November 2025

Transcript

Senator ROBERTS: This month, 55,000 carpetbaggers, technocrats and enablers gathered in the shadow of the Amazon rainforest to breathe life into the greatest climate change scam for one more year. The United Nations conference of the parties, COP, COP30, in Belem, Brazil, has ended in failure. In this speech, I’m not being critical of the good people of Brazil, for whom One Nation has tremendous respect; I am being critical of elitist politicians, bureaucrats, parasites and thieves sucking on energy subsidies who are blind to their own hypocrisy, incompetence and dishonesty—hypocrisy such as building a highway through the Amazon rainforest to improve access to the conference venue, which turned into another ‘look the other way’ moment for the world press, still using climate change as a boogieman to scare people into continuing to read their rubbish. This highway bisects an environmental protection area and cuts through wetlands and dense secondary Amazon rainforest. The highway allows easy access for illegal logging, disrupts water and food supply for native inhabitants and actually increases the flooding risk in Belem. In other words, it’s just another day at the office for the hypocritical, incompetent, dishonest climate change zealots. Actual environmental groups and satellite monitoring from Imazon have tracked secondary deforestation already sprouting along the new corridor, in the classic fishbone pattern that often follows Amazon road building. An accurate estimate for the number of trees felled is 30,000—gone! This eliminated 10,000 tonnes of national carbon dioxide sequestration necessary for oxygen production. 

This is something you’ve heard before from One Nation. Australia is already at net zero. Every year our extensive forests, natural and planted, absorb more carbon dioxide than Australia produces. Any talk of UN carbon dioxide reduction, as inhuman and nonsensical as that is, must acknowledge the essential role of planting and preserving trees and forests. Instead, in Australia we’re seeing large-scale deforestation, blowing the tops off entire mountains to locate massive wind turbines, and building access roads and easements for electricity transmission lines through the bush and national parks. 

The environmental damage of UN COP30 doesn’t stop at rainforests. Only four per cent of Belem’s sewage is treated, and the rest gets dumped into waterways and, from there, into the sea. Attendees at the conference were billeted on luxury cruise ships in the harbour in Belem. Attendees were able to look over the side and see raw sewage from the conference floating past. How fitting is that? What a perfect metaphor for the excretable, failed theory of climate change. 

I haven’t finished on the hypocrisy. Tarmac space limited the number of private planes arriving to 250, requiring the conversion of 14 local airports into parking lots for crony capitalists to park their jets whilst lecturing us on our carbon dioxide footprint. Domestic and international flights added another 50,000 seats, so I wonder how many people bothered to use the new highway through the Amazon. Perhaps the highway was for the workers, whilst the elites flew. I thought flying was a crime against mother earth, but the rules don’t apply to the people who make them. I was especially amused to see those same people who flew to Belem support an agenda item for a tax on airline flights to raise US$6 billion towards fighting themselves. 

The final communique was a complete failure, a collection of weasel words and platitudes. UN COP30 turned into a cop-out. UN climate chief Simon Stiell hailed the communique as proof that climate cooperation is ‘alive’, and that their goal of keeping warming to 1.5 degrees Celsius was still ‘within reach’—a furtive plea if ever I heard one! Former environment minister Tanya Plibersek, from the Labor government, emphasised new hope for the 1.5-degree Celsius alignment. New hope? No, Minister, there is no chance and no hope the world will ever meet the Paris targets. There’s no scientific reason why they should. A stronger initial communique was rejected, with only 30 of the 194 delegates in support. The final cop-out communique only recommitted to the Paris accord and a voluntary global plan for eventual phase-out of hydrocarbon fuels, coal, oil and natural gas. Spot the weasel words: ‘voluntary’ and ‘eventual’. UN COP30 said the quiet part out loud. This is not going to happen. 

The truth is that most countries have realised climate change science is wrong; net zero measures are ruinous; and hydrocarbon fuels like coal, oil and natural gas, are essential for maintaining living standards and for lifting underdeveloped nations out of poverty. This is about humanity. This is probably why Australia’s Minister for Climate Change and Energy, Chris Bowen, has accepted a thankyou job with the United Nations in acknowledgement of his service to the UN’s crooked cause. 

The ACTING DEPUTY PRESIDENT (Senator Cox): Senator Roberts, just a reminder to refer to those from the other place by their correct titles. 

Senator ROBERTS: Minister Chris Bowen. That means using the pretence of global warming to facilitate the transfer of income, wealth and opportunity from everyday Australians into the pockets of the world’s richest crony capitalists and their communist Chinese allies. His appointment has been criticised, but, from my perspective, the less this bloke is in Australia the less damage and hurt he can inflict on Australians. 

Events like the conference of parties and Davos are not just talkfests, as one attendee told me. They have two purposes. One is to see what the billionaires that pull the world’s collective strings can get away with this year. The second is so that these predatory billionaires can steer world events to increase their own wealth and power. As an example, BlackRock Inc spent $10 million attending UN COP30 to advocate for a worldwide carbon dioxide tax and trading system so their executives can buy carbon dioxide credits and then live the same lives of plenty they live now. This isn’t speculation. They actually said that. The videos are online. 

On the other hand, working Australians are increasingly being herded into smaller and smaller homes, smaller lives and smaller families, centred around train stations, which will ultimately become 15-minute cities. It will be a world of people working from their tiny apartments, stacked up in human filing cabinets. The latest approvals are now for 38 storeys—hundreds of families in an area that used to house four families and their backyards. 

Do you remember backyards? There’s no place for personal space in this new globalist world of mass migration. You’ll be kept in this virtual prison by your personal carbon dioxide allowance, which will prevent car ownership, prevent travel, prevent meat—and no pets which eat meat. New clothes will be limited to three purchases a year, and there will be no air conditioning. There’s no provision for air conditioning in the platinum energy standard being advanced by the Greens and the teals. And that code includes sealing a home so tightly to reduce energy loss that air flow will be restricted and condensation will lead to an ongoing problem with mould. Try that one in Queensland!  

If you think, ‘I will not comply,’ you will have no choice. Your bank is already preparing to help you limit your daily carbon dioxide output and, in 2030, will start denying transactions above your allowance. It’s a system that works only if cash is eliminated, which the Treasurer, the Labor treasurer, is trying to do now with new anticash regulations. 

When I first talked about these things nine years ago, nearly a decade, the internet laughed. Well, the internet is laughing much less now, as this agenda starts to affect them personally. Everyday more and more Australians are realising One Nation was right about everything. This will be your future under the Liberal-Labor-Greens-teal globalist uniparty. In fact, this future is why the teals were invented: to take over from the Greens, who are moving into the lunatic fringe of politics, and to take over from the Liberals, who are starting to baulk at committing this crime against humanity. 

Recent Liberal Party leadership changes at state level installed leaders who have signed onto the UN nightmare agenda. These leadership changes were designed to ensure that, if the federal party does change direction, those pro-Australia policies will be blocked at state level. There’s really no hope for the Liberal Party while it’s under Michael Photios’s control. 

And don’t think you’ll be able to attend a protest rally or speak out in dissent. The Labor Party have colluded with the Greens and teal-like senators to hold a sham, show trial into freedom of speech, which they call ‘misinformation’. Not surprisingly, in this bias sham trial, freedom of speech is losing, as intended. The outcome will be misinformation laws that allow the government to suppress criticism and evidence of their failures, in the same way that the Keir Starmer’s regime has in the UK and Mark Carney in Canada. This trial, combined with schooling to year 12, university education for all high-school graduates and the under-16 social media and search ban, will ensure your children will not know what truth is. They will only know what the government wants them to know. 

In June, the UN special rapporteur on human rights and climate change, Elisa Morgera, called for states to ‘defossilise knowledge’ through the criminalisation of what she defines as misinformation as well as criminalising media that amplify it. Defossilising knowledge—knowledge!—that is terrifying. Morgera wants criminal sanctions for those deemed to have obstructed climate action. The United Nation is out of control and so is this Labor government, with its Greens allies. 

One Nation has all the answers to stop this. We will withdraw from the UN, the UN World Health Organization and the UN Paris Agreement and stop net zero. 

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Virtue Signalling vs. Australian Jobs

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These bills are a complete betrayal of Queensland, Australia and our democratic process. The establishment parties are so terrified of One Nation, the only real opposition, that they’ve resorted to “shuffling” the speakers list to bury our voices.

This is nothing more than another dirty, backroom deal between Labor and the Greens, who are prioritising TikTok-ready virtue signalling over the needs of everyday Australians.

Shockingly, this environment bill doesn’t even define what “the environment” is.

This government wants to build homes while simultaneously destroying the timber and coal industries. How do they expect to build without wood or steel?

Following the National Farmers’ Federation’s lead, I want to know why this bill introduces “closer controls” on land clearing that will actually increase bushfire risk, hike up food prices, and destroy rural communities.

One Nation says no. We will repeal this nonsense and replace it with honest stewardship based on data and outcomes, not feelings.

– Senate Speech | November 2025

Transcript

Senator Roberts: Minister, these bills are a betrayal of Queensland, a betrayal of Australia and a betrayal of democracy. As an aside, before I start my question, on the first list of speakers to this bill in the second reading debate, I was speaker No. 9. The other One Nation senators were further down the list. On the revised speakers list, I was third last, Senator Bell was second last and Senator Whitten was last. No chance at all of getting to speak! One Nation is the party the other parties fear. We are the real opposition. 

Minister, another day another dodgy deal between the Labor Party and the Greens, which, as usual, sells out everyday Australians to advance the government’s overarching agenda of virtue signalling and TikTok video production. From the moment the deal was done, this government has chosen to make a mockery of parliamentary process. What matters to the Labor Party is not the outcome. No, it’s the so-called win. Yet all Australians lose. The Greens are the spiritual bedfellows of the ALP in this regard. No sooner is the ink dry on this dirty, backroom deal than they immediately move the goalposts. The Greens now want one set of rules for Australia’s natural environment and a whole new set for Australian Aboriginal environment. I thought all our land was unceded and belonged to Aboriginals. Surely, the Greens motion doesn’t in fact acknowledge that Australia belongs to Australians, regardless of skin colour. Who knows! One could go mad thinking too much about Greens motions. Certainly, they don’t do much thinking about them. 

It will be left to a One Nation government to clean up the mess this bill will create, and we shall clean it up. One Nation will repeal this bill and replace it with protections to our natural environment based on sensible, honest stewardship—on outcomes and on data, not on feelings. Our second reading amendment set out some of our objections to the bill. Given time constraints, I’m not going to repeat these now, Minister. 

Liberal senator Duniam has an amendment coming up which has a fair crack at fixing one of the major errors of this bill. This is an environment bill that does not define what the environment is! Senator Duniam’s amendment sets out what areas, which most Australians would agree, are the actual environment—World Heritage areas, listed wetlands, the Great Barrier Reef and so on. One Nation will support that amendment. 

One area of our environment which the government and the Greens misunderstand completely is forestry logging. The whole point about logging is that it provides timber for use in Australian home construction—the same homes the Labor-Greens government are promising to build, apparently without timber! Oh, and, yes, apparently they’ll do that without steel frames either, because they want to stop coal. 

The National Farmers’ Federation has provided a question to the minister, which is as follows because they’ve said it very well: 

As stewards of more than half of Australia’s environment, farmers understand the importance of doing the right thing by the land— 

it is in their own interests— 

They’ve also historically borne the brunt of complex federal environmental laws, often at odds with state obligations. That’s why the NFF has supported genuine reform, but not this deal. Our key concern is the announcement of ‘closer controls’ of ‘high risk land clearing’. The specifics of this remain unclear— 

what a surprise!— 

and we are urgently calling for clarity.  The introduction of reduced regrowth thresholds to the long-established ‘continuing use’ provision will promote poor environmental outcomes and increase bushfire risk— 

which, as an aside, will increase fire damage, hurting the natural environment and the human environment. The NFF quote goes on: 

It will interfere with routine vegetation management of regrowth to prevent bushfires, keep land productive, and manage weeds. The misunderstanding of agricultural practices is bitterly disappointing. 

That’s the end of the quote. Minister, why does this bill include measures which will ‘increase bushfire risk’ and place lives in danger; reduce the health of our forests; reduce food production—and, from that, increase food prices for all Australians—destroy the timber industry; destroy the communities that rely on timber; and damage the home construction industry, which will be left to bid in the international market for timber which is already in short supply and is from countries with lax environmental protections?

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Labor Trapped Young People

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RBA cash rate rises create serious concern for 5% home deposits

Labor’s ‘Big Australia’ mass migration project, designed to shore-up Albanese’s vote at the next election, has created a catastrophic housing shortage.

Everyone knows it.

Even if the media and self-interested uniparty choose to deny the facts.

Young people across the country know it too. They are the ones standing in rental lines behind 50 people who cannot speak English, trying to decipher rental signs written in a foreign language and clearly pitched to everyone except Aussie kids.

They feel upset. Betrayed. Left out. And ignored.

These Australians know they are competing against Labor’s migration agenda, not organic competition like their parents and grandparents faced. This is not, in any way, a ‘fair’ housing market.

When these young Australians decide to ditch the soul-crushing rental queue and take on the dream of home ownership that changed their parents’ lives – they discover an even worse situation.

The price of homes, including small city apartments in the areas they need to live to keep their jobs, are unattainable.

Some of this price increase is to do with greedy government fees and charges, while the rest is a consequence of too much demand from people who live outside the Australian economic cost-of-living crisis. Foreign buyers often have the means to push prices well above what they should be.

In Australia, house prices have advanced much faster than the average wage. Even those earning $100,000 per year – once considered a mark of success – feel that home ownership is financially impossible. These people are no longer considered to be ‘doing well’. They are struggling.

Not to mention that the average worker has a considerable amount of their wage taken as ‘super’ and given to union funds to play the stockmarket. This makes union super funds rich and pushes huge volumes of investment money into projects – usually in the green industry – that otherwise would never receive private funding. $4.5 trillion has been taken out of people’s pockets and locked away. This money remains untouchable until someone turns 65. 8-10% of Australians will die before they access their super (or 56% of Indigenous Australians). That money used to be used for home investment and there is good reason to believe that compulsory super is one of the contributing factors to a major drop in home ownership amongst the middle and working classes.

There are ways to immediately improve the housing situation – the most obvious being the deportation of visa overstayers and a severe cut to migration. This would immediately free up hundreds of thousands of properties for domestic buyers and renters.

That would benefit Australians and massively hurt the political class and their major financial backers.

Instead of doing the right thing, Chalmers & Co have designed a system to turn a profit from the hardship and desperation of young Australians.

In August of 2025, the Labor government introduced their 5% deposit scheme for first home buyers. There is also another version of this for single parents to buy a home with a 2% deposit.

Labor described this as ‘helping more Australians realise their dream of home ownership’ where the government (taxpayers) ‘guarantee a portion of a first home buy’s home loan with a lower deposit and not pay Lenders Mortgage Insurance’.

Their argument is this:

‘All first home buyers will have access, with no caps on places or incomes limits. Property price caps will also be set higher in line with the average house prices, providing access to a greater variety of homes.’

Predictably, this did not unlock more desirable homes – it created an almost immediate increase in home prices. Labor said it would be 0.6% over the medium term. Instead, it was 3.6% in the first quarter. The developers win. Ministers in Canberra with property portfolios win.

Finder says the average loan amount for first home buyers in December 2025 was $607,624. This is a huge sum of money. In 2015, you could expect a first homebuyer to take on $333,500. Westpac says first homebuyers are typically over 40. This shows you how much harder it is to get enough financial security to consider buying a home.

And while the ‘average wage’ is listed as $104,000, it’s suspected that this figure is skewed and the real average is probably closer to $88,000. After tax that’s around $69,000.

If you think this whole thing sounds like a bad idea, you’re right.

To translate it into economic reality, Labor is encouraging and actively changing the rules to allow young Australians to take on loans they cannot realistically afford (and would not be normally given) right when the RBA has warned it will continue to raise the cash rate – which it has done multiple times since the scheme began.

Treasurer Jim Chalmers said he did his degree in ‘Paul Keating’ – now he is in danger of re-creating Keating’s gravest mistake.

A person with a normal mortgage that they attained under strict rules is already suffering under the RBA rate rises. Individuals who took on a 95% mortgage are at a very serious risk of defaulting. It only takes a small rate rise on a sum of money this large to lead them into disaster.

An entire generation of vulnerable, trusting Australians have been led into imminent economic ruin by a government that thought 5% deposits were nothing more than a vote-buying game.

It isn’t a game.

It’s people’s lives.

People’s futures.

This isn’t about ‘votes for Labor’ for people who think the government is ‘gifting’ them a house, it’s about Australians watching their savings burn and homes taken off them in a time of economic uncertainty.

It’s rare to find a government that cares so little about young people – although we know exactly why they did it.

Mass migration is a vote buying operation for the Labor Party. They cannot give it up, even though home ownership is the leading election topic among their rising young demographic that is in danger of being taken by the Greens. Labor has made a wager on a short-term vote winner with no regard for the coming disaster.

Even the Daily Mail warned of an impending catastrophe after the latest RBA cash rate rise highlighted a significant rise in risky mortgages (4% of the total market!)

To quote:

‘While the banks are insulated by the government guarantee, which covers the first 15% of any losses from these loans, households are exposed. The banks are fine. The main risk falls on individuals.’

It’s widely expected war in Iran, and the high petrol prices and fuel insecurity that flow on from this scenario, will increase inflation and lead to even more rate rises in the near future.

Government debt – also known as Chalmers’ spending spree – is the main driver of inflation and the interest repayments on this blackhole are climbing every day.

When debt passes $1 trillion – which it is expected to do shortly – interest payments will cost $60 million per day or $41,667 every minute.

Every Australian – whether they are an infant or retired – owes $806.65 every year in just interest. And that’s if Chalmers stops spending right now. And to pay off the $1 trillion debt tomorrow, it would require every person to cough up $36,850.01.

If fuel prices increase (or fuel rationing starts), we can expect a catastrophic loss of businesses and, therefore, jobs. How many young people will lose their jobs and be unable to service these mortgages?

The uniparty doesn’t care. The government never loses.

It raises taxes. It tightens your belt so it can eat more money.

Remember, if you think the LNP are any better, they have their own reasons for supporting ‘Big Australia’. The Howard government marked the start of mass migration. All Coalition governments since have done nothing to change it and they never will.

One Nation are desperately worried about the future young people face.

We have a comprehensive policy to cut immigration by over 570,000 and to deport 75,000 migrants visa over-stayers, illegal workers, and unlawful non-residents who threaten our national security. We also have a housing policy to ensure unnecessary fees, charges, and taxes are cut to get homes built without destroying our green spaces or cultural heritage.

One Nation is here to make a genuine difference for you, not Canberra.

Labor TRAPPED young people by Senator Malcolm Roberts

RBA cash rate rises create serious concern for 5% home deposits

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Can’t Subsidise Our Way Out

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During Estimates, I tabled a graph from the ABS, showing that electricity prices surged by 23% over two years. While the Government used temporary subsidies to mask the pain, those subsidies have now ended, leaving millions of Australians to face the brutal reality of a 16% “catch-up” spike in their bills.

During our exchange, I pointed out that while subsidies briefly brought headline inflation down to 7%, the underlying cost of power never actually fell and that once the relief stopped, the inflationary shock would be incredible.

The RBA admitted that headline inflation would rise as rebates expired, yet they continue to “look through” these costs to focus on their own definitions of underlying inflation.

I discussed with Governor Bullock on how these soaring energy costs are gutting our national productivity. While the Treasurer talks about “strong real wages,” everyday Australians know the truth when they see their grocery bills and insurance premiums.

The RBA believes inflation expectations are “anchored,” yet you can’t anchor a household budget when the lights cost 23% more to keep on.

You cannot subsidise your way out of an energy crisis. You only delay the pain.

During this session, I also asked some questions on Central Bank Digital Currency, quantitative easing, credit creation and funding the deficits., and I thank Governor Bullock for her well informed and honest answers.

– Senate Estimates | October 2025

Transcript

Senator ROBERTS: I have circulated a graph from the Australian Bureau of Statistics. Ms Bullock, I certainly appreciate your direct and concise answers. I think you have talked quite a bit about how the RBA is looking through the energy bill subsidies and impact on headline inflation. What are you seeing in the underlying increases in the price of electricity? As I show in that graph, it has increased 23 per cent in two years. That seems like an incredible shock to the economy. How do you think about that? What is the impact of your management of inflation?  

Ms Bullock: So there are two aspects to that. What you will see from this graph that you have pointed out is that it rises in June 2023. That was the delayed energy price shock that many other countries saw following the Russian invasion of Ukraine. Basically, then, it’s a new price level. The price level has risen, but you haven’t seen inflation because the level has just been the same.  

Senator ROBERTS: Flat?  

Ms Bullock: So there is a step up in the level. There has been a more recent increase, as we’ve seen the default market offers rates come out. Basically, the way we would think about it is that, in a direct sense, if you’ve got a supply shock, you’ve got a new price level. That doesn’t necessarily lead to ongoing inflation and an impact on inflationary expectations. We can afford to say that’s a level shift and we will look through it. The extent to which it has indirect impacts through cost impacts on businesses, that’s where we would watch to see that it wasn’t feeding through into consistent and persistent inflation. So far, it doesn’t seem to be driving persistent inflation, the increase in the price level for energy.  

Senator ROBERTS: What are your thoughts about when the energy bill relief stops?  

Ms Bullock: Well, the energy bill relief, obviously, is government policy. They put it in place to address the cost of living. Your graph shows why—because energy prices rose quite a lot. It has moved the inflation figures around quite a bit. As I’ve discussed in many other contexts, we’ve therefore looked at the underlying inflation to get an idea of the underlying pulse of inflation. That is what we have been focusing on in order to base our interest rate decisions.  

Senator ROBERTS: We saw the government’s economic roundtable was supposedly focused on productivity. What do rising energy costs do to productivity? What is the impact, then, on the standard of living?  

Ms Bullock: I don’t know if there’s a very direct impact of rising energy costs on productivity. There’s a much more fundamental thing about productivity, and that’s dynamism in the economy and dynamism among businesses. What we have been observing for decades is that productivity growth has been declining not only here but overseas. To some extent, at least, the evidence suggests that lack of dynamism in business is part of the reason for that.  

Senator ROBERTS: So the underlying inflation on the electricity index is at 23 per cent. Including subsidies, it has been brought back to seven per cent. Many consumers still have about a 16 per cent increase to catch up with. What will that do to inflation numbers in the future?  

Ms Bullock: Well, headline inflation, as you’ll see from our forecasts, will rise as the energy rebates come off. But the more important thing is what is happening to the underlying pulse of inflation. We are continuing to see that decline.  

Senator ROBERTS: Thank you. I understand that household inflation expectations have a big impact on inflation itself. At the economic roundtable, Treasurer Chalmers said: Real wages are growing at their strongest rate in five years, inflation has a two in front of it and interest rates have been cut three times in the last six months. People are still talking about high grocery bills and inflation in insurance premiums and all kinds of insurance. What does that do to people’s expectations of inflation?  

Ms Bullock: Well, all the evidence we have is that inflationary expectations have remained reasonably anchored at around 2½ per cent. That’s what has made it possible, I think, to bring inflation back down toward the target range so that we’re now under three per cent and heading towards 2½ per cent and to maintain a relatively healthy labour market. You couldn’t achieve that without anchored inflation expectations.  

Senator ROBERTS: Thank you. I have a quick question before I go to a separate topic. What does having 4.5 million visa holders, non-citizens, in the country do to demand for houses and to the price of houses?  

Ms Bullock: Well, certainly the more population you have, the more demand for housing you have.  

Senator ROBERTS: It has been six months since the new board arrangements started. How is that working so far?  

Ms Bullock: I think it is working well. The monetary policy board now has more time to focus on monetary policy decisions. The governance board, I think, is adding significant value in helping me. I was the sole accountable authority for the institution. Now the governance board is the accountable authority. My own view is that the people on that board are adding significant value.  

Senator ROBERTS: Thank you. Is there going to be a review of these changes?  

Ms Bullock: The governance board is going to do a report, I think, by the end of the year. It is going to talk about all of the recommendations from the review, where we’re at with meeting them and what our plans are to meet those that we haven’t yet.  

Senator ROBERTS: Thank you. You actually have three boards—the monetary board, the governance board and the payment system board. Have there been any developments coming from the work the Reserve Bank is doing on electronic payment systems, whether that’s some form of central bank digital currency, which I think your predecessor acknowledged was done, or a unified digital currency the banks have been talking about? Is anything happening there in either the domestic market or international settlements?  

Ms Bullock: A few things. We have done some experimentation. Back in 2023—we might have talked about this before—we did a pilot of a central bank digital currency. We asked people to come with use cases and so on. The main headline out of that was that the predominant use cases were not what I would call retail CBDCs. It wasn’t about putting central bank digital currencies in the hands of you and me and using them at shops. It wasn’t about that. It was about wholesale digital currencies—how you can potentially use central bank digital currencies in markets for wholesale assets. We’ve got another experiment going on now which is looking specifically at that issue. If you tokenise assets—you put them on a chain, a ledger—how can you use not only central bank digital currencies but stable coins, tokenised bank deposits and standard payment systems to settle tokenised asset sales. That is the current experiment that is going on. We are working with a number of organisations to do that. That will give us a bit more information about the sorts of issues that might arise in moving towards tokenised asset ledgers.  

Senator ROBERTS: Thank you. During COVID, the Reserve Bank pursued a policy which had the effect of creating money through electronic journal entries and using that to buy securitised mortgages from Australian banks. How many securitised mortgages originating in the Australian property market is the Reserve Bank now holding?  

Dr Kent: We have to take this on notice. I suspect it’s close to none. We don’t accept them as part of our regular operations. Most of them we would have held would have been a result of the term funding facility, which has now rolled off and completed.  

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Running on Empty

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Successive Liberal and Labor governments have run Australia’s fuel reserves down to dangerously low levels. Both parties are following an agenda to promote electrification, pushing for the adoption of electric cars and trucks. The most effective way to achieve this is to force petrol shortages, thereby forcing the public to buy electric vehicles.

Over the last seven years, four reports have all called for Australia to restart domestic oil production, open more refineries, build more storage tanks and increase our domestic reserves. For four years, the “Uniparty” did nothing.

This week, as the war in Iran has frozen oil shipments, I asked Minister Ayres what his government was doing to keep the economy moving. His non-answers would be laughable if the subject weren’t so serious.

One Nation will increase domestic extraction, refining, and storage because, unlike this government, we aren’t stupid.

⭐ I also need to correct the record regarding a statement in this video. I asked what would happen in a few weeks when our largest refinery closes for maintenance for 10 days; the correct information is that the refinery will actually be closing for 10 WEEKS 😲

Transcript

Senator Roberts: My question is to the Minister representing the Minister for Climate Change and Energy, Senator Ayres. Yesterday, I asked you to confirm that Australia was entering a period of oil supply disruption, with a mere 26 days of petrol in the system. Under International Energy Agency guidance, the minimum fuel reserve is 90 days, yet you responded that Australia has 150 per cent of its minimum requirement. Last year, the Albanese government quietly chose to ignore the International Energy Agency and instead decided to introduce its own minimum stockholding obligations, which it set at a mere 24 days—problem solved! Aside from 26 not being 150 per cent of 24, how can you justify ignoring International Energy Agency best practice and introducing a patently absurd and dangerous minimum stockholding obligation of only 24 days of petrol supply? Why are you entrenching energy insecurity and volatility for which Australians will pay? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:40): I’ll start at the end of that question, and then I’ll try to deal with some of the substance of it. Energy insecurity in Australia is a consequence of what happened over the Morrison-Abbott-Turnbull catastrophe where four out of our six oil refineries closed. Despite what Mr Hastie says, when he turns to you for work, these things are not straightforward to rebuild. Four out of six closed, so, if you want to ask questions about energy insecurity, ask them how it is that they sat on their hands for so long. 

The PRESIDENT: Senator Roberts? 

Senator Roberts: Point of order: I’m not asking the opposition; I’m asking the minister, and I want an answer. 

The PRESIDENT: I will direct the minister to your question. Minister Ayres? 

Senator AYRES: While I’m on the subject of the opposition and the current fuel security arrangements—we have larger reserves on hand today than there have been at any time over the last 15 years as a result of the action, not words, that this government has taken. When Mr Taylor was in charge of energy, sort of—it was unclear, as I think Mr Morrison was secretly also the minister at the same time—he was the worst energy minister in Australian history and did more to debauch and pull down our energy policy framework. His proposition was that Australia’s fuel reserves should be contained in Texas. (Time expired) 

The PRESIDENT: Senator Roberts, first supplementary? 

Senator Roberts: In the next few weeks, Brisbane’s Lytton fuel refinery is scheduled to close for 10 days maintenance. Lytton produces the majority of Australia’s domestic petrol, diesel and industrial gas. Ten days production taken out of the system at a time of supply shortage is a recipe for disaster. Why didn’t the Albanese government secure additional supply prior to Lytton closing to ensure fuel security in Australia? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:43): In relation to the previous question, Texas in the United States—not Texas, Queensland—is where, supposedly, this character had our fuel. You say that there is a 10-day—I couldn’t be any more relevant. 

The PRESIDENT: Senator Roberts? 

Senator Roberts: Point of order: I’m not asking about Texas. I’m asking about Lytton and securing additional fuel supplies to protect this country. 

The PRESIDENT: I was about to direct the minister to your question, but he went to the question himself. Minister Ayres? 

Senator AYRES: I did. Of course, these kinds of maintenance shutdowns occur from time to time. If there’s anything in relation to this particular shutdown that I can provide to you, I will. There are not six oil refineries. Four closed. Four closed when Senator Canavan, who’s very noisy about these issues in opposition, was as quiet as a mouse when the other side was in government. I think I’ve run out of time. 

The PRESIDENT: Senator Roberts, second supplementary? 

Senator Roberts: Of the 3,000 oil tankers that service Australia, we own just four, with a total capacity of approximately 1.8 million barrels every delivery cycle, which takes 30 days from Singapore and 40 days from South Korea, our major supply point. 1.8 million barrels is enough to last Australia six days. Minister, what’s your plan here? Will you beg other countries for some of their oil, force Australians to pay $3 a litre at the pumps, or use the petrol shortage to introduce more Labor communism control? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:45): I’m not sure there’s an adjective big enough for that overreach in the English language. If you’re so critical of Mr Taylor’s performance as the Minister for Energy and the fact that our merchant fleet declined over that period, the fact that four out of our six oil refineries closed and the fact that 24 out of 28 coal-fired power stations announced their closure, why do you cuddle up to them so much? 

The PRESIDENT: Senator Roberts? 

Senator Roberts: I’m not asking about his uniparty mate, Mr Taylor. I’m asking about his own policy. What’s he going to do? 

The PRESIDENT: Senator Roberts, you’ve made the point of order. I will draw the minister to your question. 

Senator AYRES: I’ve answered the question. I make the point that, if you and the Nationals and the Liberals really want to get behind Mr Taylor, who was the worst energy minister in our history, who did more damage than any other person to Australia’s energy security and who did more, along with Senator Hume, to trash the economic record of the Liberal Party at the last election, be our guest. 

/3 Comments/by

The 95% Mortgage Cliff

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During this session with Housing Australia, I call out the lack of transparency and the questionable math behind the home deposit guarantee schemes.

I asked Mr Langford why it took nine weeks to get an answer to a simple question: how many borrowers have exited the scheme? They finally admitted that of the 185,000 guarantees issued since the scheme was launched, over 45,000 have already been discharged.

I’m highly sceptical of their reported “success” rates. They previously claimed that there were only 11 defaults out of 250,000. The actual arrears rate on bank loans is around 1% – 227 times higher than the claimed arrears rate of 0.0044%. Therefore, it’s statistically impossible!

My point is simple: they don’t actually track people once they exit the scheme, so they’re essentially flying blind when it comes to the data.

Despite Minister Ayres’ attempts to paint every exit as a “success story,” the data proves it’s not that simple.

As at the end of December 2025: ❌ 0.3% or 336 of borrowers are 90+ days in arrears, ❌ 0 .8% or 1000 are currently under hardship arrangements and ❌ 347 are in early-stage arrears (30–90 days).

While they boast that many are ahead on payments, I’m concerned about the “cliff” ahead.

When I asked for modelling on what happens to these 95% mortgages if interest rates rise three more times this year, they admitted they have no modelling for that scenario.

Ms Jarman has committed to providing me with a copy of the information guide for first-home buyers. I want to see for myself if it properly warns Australians about the massive risks of a 95% mortgage in a rising-rate environment.

— Senate Estimates | February 2026

Transcript

CHAIR: I’m going to rotate the call. Senator Roberts.  

Senator ROBERTS: Thank you, Chair. Thank you for appearing again today, Mr Langford. You undertook at the last hearings to answer on notice how many borrowers under your two and five per cent deposit guarantee scheme have exited since the program started. That was question on notice 458. That should be a number you have to hand very easily. You haven’t answered it in the nine weeks since the hearing. Why not?  

Mr Langford: I’ll ask my colleague Ms Jarman, who has just come to the table, if we have that information to hand. As to the delays, we apologise. There may have been some delay if we didn’t have that information to hand.  

Ms Jarman: Sorry, Senator—can you repeat exactly what information you’re after?  

Senator ROBERTS: You undertook at the last hearings to answer on notice how many borrowers under your two per cent and five per cent deposit guarantee scheme have exited since the program started. That was question on notice 458. I’d like the number, please.  

Ms Jarman: Yes, we do have the number that have exited. Of the 185,000 guarantees that have been issued since the launch of the scheme, 45,837 of those have discharged.  

Senator ROBERTS: You told me at the last hearing that there were only 11 defaults out of 250,000 guarantees issued. The actual arrears rate on banks’ loan books is around one per cent. That’s 227 times higher than your claimed arrears rate of 0.0044 per cent. Do you accept that your number is almost statistically impossible and only appears good because you don’t actually track the people who exit the scheme? Once they’re gone, they’re gone.  

Senator Ayres: Exiting is good.  

Senator ROBERTS: You don’t track them once they’re gone.  

Senator Ayres: These are people who have bought a home—  

Senator ROBERTS: Don’t try and change the topic. I’m asking the question. I want to know—  

Senator Ayres: under the scheme, then sold their home and moved on to their next home. That is the foot on the ladder that the scheme is designed to provide.  

Senator ROBERTS: Minister Ayres, at the last hearing, you said—  

Senator Ayres: That’s what it’s for.  

Senator ROBERTS: that people who are facing hardship can’t refinance. Do you know that that’s false?  

Senator Ayres: What do you mean?  

Senator ROBERTS: ‘People who are facing hardship can’t refinance,’ you said. That’s false.  

Senator Ayres: I said that people who are facing hardship can’t refinance?  

Senator ROBERTS: That’s what you said. 

Senator Ayres: I don’t know what context I said that in. You’re moving—  

Senator ROBERTS: Can you update me on—  

Senator Ayres: from one proposition, demonstrably not the case—  

Senator ROBERTS: And you’re changing my proposition. I’m trying to get on with it.  

Senator Ayres: which is that it’s a bad outcome.  

Senator ROBERTS: Why are you running from this, Minister Ayres?  

Senator Ayres: No. I’m running to this. I’m running to this. This is a good outcome.  

Senator ROBERTS: You changed my first proposition.  

Senator Ayres: This is a good outcome. I’m sorry if you’re confused about it. This is a good outcome for young Australians. 

Senator ROBERTS: I think you’re misleading.  

Senator Ayres: Buying a home, selling a home, buying a new one—this is a good outcome.  

Senator ROBERTS: Can you update me on your latest percentages for in advance, on schedule, in arrears and hardship?  

Ms Jarman: I can do that. As at the end of December, 0.3 per cent of the portfolio were 90 days plus in arrears, 0.8 per cent were under hardship arrangements, 26 per cent of the portfolio were on schedule with payments and 73 per cent were in advance of their repayment schedule.  

Senator ROBERTS: Do you also have the actual numbers each of these percentages represent?  

Ms Jarman: I do.  

Senator ROBERTS: Could we have them please?  

Ms Jarman: Sure. We had 33,134 on schedule, 93,104 in advance, 336 ninety days in arrears and 1,000 in hardship. There is another category, for completeness. If you’re adding up to the total number of guarantees, in arrears of 30 to 90 days—so early arrears—there are another 347 customers there.  

Senator ROBERTS: How many total guarantees are those percentages of—is it less than the 250,000?  

Ms Jarman: The 250,000 is the number of Australians supported under the scheme. We’ve only ever issued 185,000 guarantees, but only 127,000 of those are active in the book at the moment. The rest of those have already discharged out of the scheme.  

Mr Rimmer: I gave evidence earlier in the day that the 0.3 per cent 90-day arrears rate is better than the other relevant arrears.  

Senator ROBERTS: Thank you. I heard that.  

Senator Ayres: I also should have said, Senator, again for the sake of completeness, that people exit the scheme if they sell their home. They also exit the scheme when they hit the 80 per cent loan-to-value ratio. That is, they come in at five per cent and make repayments that pay the 15 per cent gap over time, and then they’re considered to have exited the scheme. That’s also a good thing.  

Senator ROBERTS: How many five per cent mortgages that you got first home buyers into do you expect a default if interest rates are raised three times this year?  

Senator Ayres: Your One Nation colleague asked the same questions about an hour and three-quarters ago.  

Senator ROBERTS: He actually said ‘if we are entering a cycle’. I want to know what would happen with three interest rate rises.  

Mr Langford: I don’t believe we have modelling for that proposition that you’re putting forward.  

Senator ROBERTS: Do you, as the administrator of the five per cent deposit guarantee, provide first home buyers with any warnings about the risk of a 95 per cent mortgage?  

Ms Jarman: Yes, we do. As part of the application process, we’ve got an information guide. That guide clearly outlines what the guarantee is and how the guarantee is there to protect the lender and not the borrower. It also outlines the obligations of the borrower in terms of repayment of the mortgage and the circumstances in which the borrower is still liable.  

Senator ROBERTS: Could I have a copy of that on notice, please? 

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Ending the Era of Mass Migration

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For decades, the Liberal-Labor Uniparty has put the cart before the horse, bringing in record numbers of people before building the infrastructure needed to support them.

And what’s the result? Record homelessness, average house prices skyrocketing across Australia, and an entire generation of young Aussies giving up on the “Great Australian Dream”.

One Nation introduced the Plebiscite (Future Migration Level) Bill 2018 to put the power back in YOUR hands.

We must: ✅ Build the homes before the people arrive. ✅ Prioritise Australians over globalist agendas. ✅ END mass migration.

The Division

How They Voted

Transcript

Firstly, I have some housekeeping. The Plebiscite (Future Migration Level) Bill 2018 has been amended to update the question to be proposed in the plebiscite. It was necessary to reintroduce this bill and then amend it to overcome drafting delays due to inappropriate staffing levels in parliamentary support services, thanks to the Labor government. It’s a constraint the government has not inflicted on itself, given the thousands of pages of legislation before the Senate this week alone. Some technical amendments have been circulated to update section references. 

The intent of the bill, though, is the same as on the previous occasions One Nation has brought this bill before the Senate. It’s time to ask the Australian people in a plebiscite: how much immigration is enough? That is a question for the people. After all, in a representative democracy, the first duty of a parliamentary representative is to listen to the MP’s masters—the people. I’ll say that again. After all, in a representative democracy, the first duty of every parliamentary representative is to listen to the members of parliament’s masters—the people. The remainder of the bill sets out the provisions necessary to conduct the plebiscite. That section of the bill closely follows the provisions of the gay marriage plebiscite. Just as One Nation respected the wishes of the Australian people in that outcome, we would expect all members of parliament and senators to respect the outcome of this plebiscite. 

This bill will pose the question, ‘Do you support a zero net migration policy for a period of five years?’ It’s a very simple, straightforward question. ‘Zero net’ simply means the number of new arrivals must equal the number of people who leave—zero net migration; net migration, zero. This brings to an end the era of massive population growth and mass migration started under John Howard’s prime ministership. That will ease the pressure on housing, medical services, education, transport and infrastructure and provide space for the assimilation for the massive number of people who have been brought to Australia under this Labor government. Five years is enough for that process to work through, especially the construction of housing and infrastructure. 

And One Nation would police existing immigration laws. There are an estimated 200,000 people here illegally, meaning people who have deliberately breached their visa conditions, which is illegal. These people should be deported—remigration back to where they came from. That provision is not in this bill. We should not need a bill to make the government police the laws it already has. One Nation does not oppose immigration. We oppose mass migration, which—for the deliberately ignorant or unaware, unconscious and uncaring left-wing commentariat—can be defined as new migration from all sources which exceeds the housing construction rate after accommodating natural population increase. Pretty simply, build the home before the person arrives. This is not rocket science—build the home before the person arrives. I speak as a migrant and as an Australian citizen. 

For a generation, the Liberal, Labor and Greens parties have had this simple concept backward—bring a migrant to Australia and, once they’re here, build them a home. In the meantime, they’re homeless. Eventually build them a home—no rush! This backwards approach to immigration has caused the worst housing crisis in Australian peacetime history—record homelessness and growing. New migrants coming in here are homeless. Australians are homeless. The elderly, unemployed and working poor are being priced out of the housing market as new arrivals increase demand. That drives up rents and home prices. 

The government has then stepped in and created schemes to make it easier to afford one’s home, supposedly, usually through low-deposit mortgages and first home buyer grants. All these do is drive up the price of the house, so the young person is back where they started, needing an unaffordable deposit and a higher income to cover repayments on a home that should, at their asking price, be made of gold. Other speakers, I’m sure, will point out how the Albanese government’s latest confidence trick on young home buyers, the low deposit housing scheme, has had exactly this effect—driving up prices so that young buyers are no better off. 

You will hear an opposing argument that the housing crisis is not about population growth; it’s about housing construction. In recent days, the Labor Party has once again stood in front of cameras in their high-vis gear, complete with hard hat, all borrowed from the wardrobe department, to announce more money is to be spent on housing. What comes of these announcements? Nothing. People cannot build with what we don’t have. There is a lack of approved land, equipment, materials and experienced construction labour. It’s an outrageous thing to say all we need to do is to bring in more tradies. To begin with, more new arrivals is the cause of the problem. I’m mindful that sitting right behind me is someone who’s in the construction industry from Western Australia, Senator Tyron Whitten, and he will be speaking later. Secondly, homes are not making it to the tradie stage fast enough to justify more tradies. 

This is all a smokescreen anyway. The reality is that the ALP doesn’t want more tradies, having only brought in 6,000 new tradies in their entire first term. That’s less than one per cent, a fraction of one per cent, of the government’s mass migration intake—less than one per cent building houses for the other more than 99 per cent, as well as the pent-up demand from the past. The government wants a labour shortage so their union boss mates can demand ludicrous wage rises. I’ve heard of stop/go attendants earning $140,000 per year and, in some areas, $200,000 a year. What does that do to the cost of houses? What does that do to the profit and viability of builders? Construction companies are going under. We can see that. 

What do material shortages do to their profit? This epidemic of mass migration is happening around the world, a global push from globalists setting the agenda in BlackRock Inc. and then moving into the housing market with benefits given to them by the Labor government only in recent weeks. In the absence of Australian production of building materials, Australia is a price taker. We are competing with literally the entire world to get building materials to Australia. Local councils are flat out processing development applications. Everyone in the housing chain is juggling red tape, green tape and blue UN tape to somehow manage to get homes built. More tradies won’t fix that problem; reduced housing demand and fewer new arrivals will fix that problem. 

Consider this question: more arrivals increase home prices and cause homelessness, so what does reducing new arrivals do? There’s no need to guess at the answer. Our friends across the ditch in New Zealand have answered the question for us. New Zealand has woken up. Immigration numbers were reduced from 70,000 in 2024 to just 13,000 in 2025. As a result, new home prices fell and rents stabilised after just one year of reduced migration. Look at Canada. The same has happened in Canada. In contrast, Australia keeps bringing in more new arrivals than we have houses. And guess what? House prices and rents keep going up and up and up. Go figure. It’s pretty simple. Australia is already building more new homes per capita than any other country in the world, yet record homelessness continues growing.  

An entire generation of young Australians is being disenfranchised. I talk to these fine young Australians every day. They tell me that they’re giving up on ever owning their own home—giving up! Giving up on their own country. Scott Challen, a builder in Brisbane, tells me that, daily, young people are being disenfranchised. That is dangerous for the future of our country. These young people speak of their frustration, of their betrayal, at the hands of the governing Liberal-Labor uniparty. These are children that have done everything society has asked of them. They’ve studied hard, stayed out of trouble and achieved a trade or university degree. They are working in a good job—or two jobs, or for some of them three jobs, to make ends meet—and they find that, despite this dedication and sacrifice, they’re struggling to pay rent, let alone save for a home deposit. Even if they can save a deposit, where can they afford to buy? Sydney? The average home price is above $1.5 million. No young person can afford that, yet Sydney is where the jobs are. Why is Sydney so dear? Well, new arrivals—that’s the answer. Analysis of average home prices, average rents and immigration numbers in Sydney in the last five years shows a simple fact: the higher the immigration intake, the larger the increase in rents and home prices—full stop, end of story. Conversely, the lower the intake, the lower the prices. 

How many people are currently in Australia who aren’t Australian citizens? Good question. After a bit of digging, I believe the answer is around 3.7 million people, made up of 2.5 million temporary visa holders and 1.2 million permanent residents, plus 380,000 tourists and short-stay crew. That makes four million people plus, when including tourists, here in this country who are not citizens. Migration statistics are opaque and confusing. They are deliberately opaque and confusing. There are lots of traps when adding different types of data together, and it’s an area where we’re prone to get fact-checked, misreported and misrepresented. This allows the champions of mass migration to understate the intake and then deflect away from migration to blame other factors, like a lack of tradies. Don’t fall for it. It’s rubbish. 

If you are in this country and not a citizen, you need to be on a visa. We know how many visa holders are in the country right now. As at July 2025 there were 2.5 million temporary visa holders, not including tourists. There were 1.5 million permanent visa holders, and four million noncitizens—four million non-Australians—all of whom need a home in which to live. The effect this is having on the housing market can be seen in a simple statistic: 43 per cent of the population of Greater Sydney and 41 per cent of the population of Greater Melbourne were born overseas. That isn’t migration; that’s mass migration. It’s invasion. It’s part of a globalist agenda across many woke Western nations, and Australians are shouting this in the streets now. 

In every nation, it is the government’s duty to design immigration policy for the benefit of citizens already in the country, not for the benefit of those outside wanting to come into the country. Immigration policy, just as a side point, has four broad aspects in my view. The first is numbers of people allowed—no, invited—into the country. The second is the quality of people allowed in, their skills, whether they will be put straight to work and contribute productively, safety and security, the quality of people and the culture. The third is: will the people coming in assimilate and integrate into the identity of the country? The fourth is: will Australia’s identity be preserved? Multiculturalism, introduced by Bob Hawke and reinforced by John Howard, undermines assimilation and integration and destroys Australian identity. 

Stop it and restore Australian identity. This bill, though, is only about numbers. The question of how much immigration is too much has never been put to the Australian people. It’s time. As a migrant and as a citizen, I value our country and say: it’s time. 

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The Great Australian Sell-Out

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The “Australian Dream” hasn’t just faded—it’s been sold out.

Young Australians are being forced into a impossible choice: become a lifelong debt slave to the banks, or pay rent to a foreign corporate landlord like BlackRock forever.

Here is the reality the major parties are trying to dodge: 👉 It now takes 30 years to save a deposit near the city – a national tragedy. 👉 The government is using insane mass migration to prop up GDP and hide the fact that we are in a per-capita recession. 👉 We’re giving tax breaks to foreign investment funds to “Build to Rent” while local families are priced out of auctions. 👉 Bureaucracy is stopping our tradies from actually building the homes we need.

We don’t need cringeworthy TikToks or “election bribes” disguised as subsidies. We need a government that isn’t afraid to speak the truth about the root causes.

While the “Uniparty” of Labor, the Liberals, and the Greens runs and hides from these facts, One Nation is the only party standing up for everyday Australians. We’re committed to putting your family’s future ahead of global corporate interests and fixing the migration numbers so the next generation can actually own a piece of Australia.

It’s time to put Australia first. It’s time for One Nation.

Transcript

I move: 

That, in the opinion of the Senate, the following is a matter of urgency: 

The urgent need to address the failure of the Albanese government to fix home ownership for the next generation, with mass-migration adding to the 4.7 million non-citizens in the country, tax breaks being given to foreign corporate landlords like Blackrock under ‘Build to Rent’, foreigners continuing to buy Australian homes and red tape stopping tradies from building more. 

The government has offered young Australians starting out in life two equally terrible options: either become a debt slave to the banks forever or rent from a foreign corporate landlord like BlackRock and never actually own a home. Successive Liberal-National and Labor-Greens governments—uniparty governments, that is—have failed to address the root cause of the housing crisis: mass immigration. Why would they do that? The answer is simple: necessity. After years of selling Australia out to their foreign masters, such as BlackRock Inc, Australia’s domestic economy was performing so badly that immigration became the government’s lifeline. 

Australia has had negative per capita income for five successive quarters. What that means is that everyday Australians are going backwards. Their small pay rises do not compensate for inflation. 

The reason the Australian economy as a whole is not in recession is the spending from new arrivals, as they furnish their homes and buy clothes, appliances and so on. This feeds on the GDP. But, per capita, we’re in recession. It’s economic sherbet. Once the sugar hit wears off, these new arrivals wind up in the same cost-of-living recession as Australians. 

Instead of developing infrastructure, reducing red tape, reducing green tape, reducing blue UN tape and getting private employment going again, the government takes the easy way out: more migrants, and more, and more. Decades of mass immigration have led us to this place we are in today, where we have 4.7 million visa holders in the country who are not citizens of Australia. We now have absolute confirmation that neither Labor nor the Greens, the Liberals or the Nationals are capable of solving, nor can they be trusted to solve, the real cause of the housing crisis: mass immigration. 

And it’s a crisis. The latest CPI data shows that housing has now risen 5.9 per cent in the last year—an accelerating rate of increase. And electricity, by the way, went up 37 per cent, as those election bribes Labor gave you—sorry, electricity ‘subsidies’—started to expire. According to CoreLogic, it now takes someone on the average wage 12 years to save for a home deposit on the outskirts of Sydney and 30 years to save for the deposit on a home close to the city—30 years, for a deposit! Servicing a home loan now costs 42 per cent of income. The point at which a mortgage is considered to be impaired used to be 30 per cent. That’s insane! It’s a tragedy for young Australians. 

The blame for this rests squarely with the Liberal-National and Labor-Greens parties. You have taken the option of homeownership away from young people with your insane mass immigration and your net zero agendas. You, and you, have allowed foreign multinational corporations and superannuation funds to bid up the price of Australian homes, and you’ve stood idly by while young people have walked away from auctions in tears. Instead, you make cringeworthy TikTok videos. You make promises that are not and cannot be kept, because you run and hide from the real reasons for the crisis: the Ponzi scheme that mass immigration has become. You run and hide. 

Here’s what One Nation wanted this parliament to vote on today: 

That, in the opinion of the Senate, the following is a matter of urgency: 

The urgent need to address the failure of the Albanese government to fix home ownership for the next generation, with mass-migration adding to the 4.7 million non-citizens in the country, tax breaks being given to foreign corporate landlords like Blackrock under ‘Build to Rent’, foreigners continuing to buy Australian homes and red tape stopping tradies from building more. 

Yet the other parties want to remove the facts, the data, from One Nation’s motion. No-one wants to talk about the fact that there are 4.7 million visa holders—people who are not Australian citizens—in the country right now, all needing homes. No-one wants to talk about the tax breaks being given to foreign corporate landlords BlackRock Inc. No-one wants to talk about foreign ownership of Australian homes—no-one, except One Nation. 

There is a reason why One Nation is the most trusted party in the country on the issue of migration—that’s what the polls are saying quite clearly. The reason is simple: we care; they don’t. One Nation will govern for everyday Australians. It’s time for a One Nation government now. 

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Australians Are Being Sold a Lie

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Let’s call “Net Zero” what it really is: a massive wealth transfer to parasitic billionaires – making you poorer, your bills higher, and our country weaker.

The reality is: ✔️ High electricity prices driving up the cost of food, groceries, and transport. ✔️ Record high closures and insolvencies of established businesses. ✔️ Manufacturing, smelting and heavy industries are struggling to stay afloat while the government chases “green” pipe dreams that don’t work. ✔️ BILLIONS in debt being dumped on our children’s shoulders.

Billions of dollars is being wasted on “carbon abatement” and “green hydrogen” schemes that physics and chemistry tell us are a sham. Meanwhile, mass immigration is being used to mask the true cost, forcing you to cut your standard of living just to meet their impossible targets.

A One Nation government will: ✅ Abolish Net Zero, terminating the net zero transition, scrapping carbon accounting for businesses, and shutting down any project where cutting losses is cheaper for the taxpayer, or environmental damage is too great—running existing assets only until they they inevitably fail in 10 to 15 years. ✅ Repeal fraudulent flood maps being used by mostly foreign owned insurance companies to price gouge consumers, raking in record profits. ✅ Stop the subsidy “gravy train.” ✅ Use our own affordable energy to keep the lights on and the prices down. ✅ And most importantly – stop the mass immigration that’s crushing our housing and infrastructure. Remigrate the hundreds of thousands of people who have broken their visa conditions, limit new arrivals to people holding skills we actually need, especially in housing. REMIGRATE — SEND HOME – DEPORT!

Since 2005, Australia’s population has surged 40%, yet this government is demanding we slash total carbon dioxide production to 2005 levels by 2035 —meaning every single Australian is being forced to pay the price to accommodate mass migration. The more the population grows, the harder you are hit – and it will only get worse until we have the courage to say: enough is enough – not one cent more.

We must stop the madness before there’s nothing left to save.

Australia belongs to us, not the globalists.

Transcript

Let’s call net zero for what it really is: fraudulent, supposed science covering up income redistribution protected with big brother government measures—that’s it—making everyday Australians economically, environmentally and socially worse off. Net zero measures are driving up the price of electricity and increasing prices with flow-on effects throughout the economy—food, groceries, clothing, transport, travel and accommodation. Everything you buy goes up if electricity goes up. Manufacturing, smelting and heavy industry all use electricity and are struggling to stay in business. 

In 2024, there were 5,136 closures of established businesses, meaning those in business for five years or more. In 2024, there were 10,497 business insolvencies—up almost 30 per cent on 2023. Has anyone on the Greens benches bothered to ask what these Australians who have lost everything think about what you and net zero have done to their businesses? Has anyone asked? We have. Some of these measures are idiocy—green hydrogen, green steel, green aluminium. This technology does not work. That is proven. It does not work, and it never will. Physics and chemistry tell us that. It’s nothing but a scheme to farm parasitic subsidies, without which the idea would not even be contemplated. 

These appropriations bills channel billions of dollars of taxpayer funds into the pockets of crony capitalists, lining up by pigs in a trough, and there’s Minister Bowen, throwing more and more taxpayer money into the trough—wasted, but who pays? The people pay. Small businesses pay. These appropriation bills contain significant allocations for net zero measures. 

Firstly, the department of climate change and energy—$1,234,567,890. There’s $1.2 billion for what? Support for net zero emissions by 2050 through renewable energy initiatives and emissions reduction programs. This is the stuff that comes out of the south end of a northbound ball. No. 2, $987,654,321—nearly $1 billion for what? Funding for decarbonisation projects and clean energy infrastructure to achieve low emissions targets. Carbon is in every living organism’s every cell. And then No. 3, $456,789,123 almost half a billion dollars. What have we racked up so far? $2.7 billion. For what? Investment in carbon abatement strategies and sustainable development to mitigate climate change impacts—carbon is in every cell of every living organism. This is just one appropriation bill. This gravy train for the government’s parasitic, big-business mates—collecting subsidies, feeding off subsidies—has been going on for years, encouraged by both major parties and the Greens. Yet the Albanese government is projecting deficits in every year of the 48th parliament totalling over $100 billion. That’s money that will be needed to be borrowed and debt that everyday Australians will have to repay—$3,700 for every man, woman, baby and child in this country plus interest, and we’re already paying interest in such a large quantity that it’s almost the single largest line item in the budget. 

A One Nation government will abolish the net zero transition. Our policy includes terminating all projects and removing all carbon dioxide accounting requirements on businesses, repealing fraudulent flood maps being used by insurance companies to price gouge consumers and to generate record profits for mostly foreign-owned insurance companies. Think of BlackRock, Vanguard, State Street, Colonial First State et cetera, the global wealth funds. They own and control our insurance companies. We will terminate any existing project that’s at a stage where termination is cheaper for the taxpayer than the continuing or where the project is too damaging to the natural environment to continue operation. We will, of course, use the generation that has been put in place until they inevitably fail in 10 to 15 years. And, most importantly, our immigration policy will remigrate hundreds of thousands of people who have broken their visa conditions, and we will limit new arrivals to people holding skills we actually need, especially in housing—remigrate, send home, deport. 

Remember, net zero is not reducing carbon use per person. It’s supposedly reducing Australia’s carbon dioxide production to 2005 levels in total by 2035—supposedly. Think about this—Australia’s population has grown by 40 per cent since 2005. That means we all have to reduce our carbon dioxide production by an extra 40 per cent, and this figure goes up with every new migrant arrival. The pain is only just getting started unless the Senate has the courage to stop this madness and the integrity to stop this madness. Join One Nation in saying to this government, ‘Not one cent more—you’ve blown trillions.’ I foreshadow my amendment on sheet 3466 to remove net zero funding from this appropriation bill. Thank you. 

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Australians First – Not Globalist Agendas!

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Australia was once the richest country per capita in the world. Today, we have the worst poverty I’ve seen in my lifetime—yet we still have abundant resources, farmland, and energy. Successive Liberal and Labor governments have shut down industries that provided breadwinner jobs, strangled farmers with green tape and UN blue tape, and sold out our wealth.

Our GDP is growing, yet Australians are getting poorer. Wealth is being transferred to foreign billionaires and their investment funds—BlackRock, Vanguard, State Street—who now control our banks, retailers, telcos, and energy companies. Prices go up, markets are rigged, and everyday Australians are pushed into poverty while executives take multimillion-dollar salaries for compliance. Housing is worse than ever. Rents in Sydney have surged 40% since 2021, and Melbourne and Brisbane aren’t far behind. Over half of low-income renters spend more than 30% of their income on housing. Meanwhile, the government floods the country with mass migration, driving up demand and destroying quality of life. They paper over the cracks with debt, money printing, and more public servants, which only makes things worse. One Nation warned this would happen.

Net zero, mass migration, and bureaucratic strangulation are killing our standard of living—and now one in seven Australians lives below the poverty line, including one in six children.

One Nation has solutions:

👉 abolish net zero policies and subsidies

👉 end mass migration

👉 ban foreign ownership

👉 cut red, green, and blue tape

👉 restore breadwinner jobs

👉 protect our farmers

👉 make housing affordable again

These problems are man-made, and they can be solved. One Nation is right—and we’re fighting for Australians, not foreign billionaires or globalist agendas.

Transcript

Welcome to the latest episode of your favourite TV show: One Nation Were Right All Along. First up, we have the Nationals finally seeing the light of the net zero scam—well, kind of. Their support has gone from unqualified support to ‘how much net zero can we do before we start losing seats?’ In their announcement, Nationals leader David Littleproud said: ‘The Nationals accept the science of climate change and remain committed to emissions reduction. The current aggressive pursuit of net zero is unfairly damaging to regional Australia and economically unsustainable for the country’—he’s waking up—’We need a slower pace aligned with the OECD average’.  

That’s a clever sleight of hand. The OECD reduction has stalled for five years. Their accumulative reduction is currently 14 per cent, and Australia’s is 24 per cent. The latest data will show ours at 28 per cent, double the OECD’s. Tying Australia to the OECD will buy the Nationals an election or two before having to restart reductions. Remember, though, that they still believe in net zero and in the need to cut carbon dioxide production. I welcome the Nationals realisation of the damage net zero is doing and wish they had more courage to walk away from the scam entirely. 

In contrast, One Nation strongly oppose net zero, and we would abolish all federal government net zero mandates, programs and boondoggles. We would shut down all the schemes and departments promoting this scam, saving taxpayers $30 billion every year. This is not the only cost of course. Parasitic billionaires and corporations sucking on taxpayer subsidies and electricity consumer subsidies, and others in private industry, are taking advantage of this scam to build industrial solar and wind, transmission lines, big batteries and other paraphernalia of net zero. This cost will be as high as $1.9 trillion through to 2050. Remember that industrial solar and wind lasts only 15 years, which means everything that has been built so far will not be in use in 2050 and will have to be built again and again. The government’s Bollywood version of the cost of net zero does not take into account this massive expense—nor do they consider the environmental cost of the destruction of native forests for wind turbines, access roads and transmission lines; the cost of dumping these monstrosities into landfill every 15 years; or the run-off from toxic metals from damaged solar panels. This would be hilarious if it weren’t so sad. 

Electricity is an input cost right across the economy. The price of everything you buy, from physical goods in stores to services and financial products, goes up as the electricity bills of the companies providing those services go up. Everyday Australians are poorer because of net zero, and so is Australia’s beautiful natural environment. The government used to say, ‘Renewables are cheaper, so prices will come down eventually.’ However, after 20 years of the transition—the last three at breakneck pace—electricity bills are not coming down; they’re rising rapidly.  

Some of those who are wealthy enough and have an actual house in which to install solar panels and an expensive wall battery are reporting slightly reduced electricity bills. The very few Australians with the money to spend $25,000 on a solar array and wall battery for a home they own are thumbing their noses at the millions that do not have a house and $25,000 to add solar and a battery. Net zero is becoming a case of the haves and have-nots. Those who can’t afford their own electricity generation are left to buy electricity at prices that have increased at twice the rate of inflation since the net zero benchmark year of 2005. It’s a trend that continues, with a nine per cent increase in electricity prices in 2025. 

One Nation are right in our opposition to mass migration. Today we learnt that the majority of Australians agree with us—right again. A poll in the Australian yesterday showed that almost two-thirds of Australians want a reduction in the migration rate; 94 per cent of One Nation supporters support reduced migration, which has now been a feature of One Nation policy for 30 years, ever since the Liberal-National coalition under John Howard doubled migration and started mass migration. Significantly, 78 per cent of coalition voters want a reduction in immigration, and so do 71 per cent of supporters of smaller parties and independents, which does include the teals—so that’s very interesting. 

What caught my eye with the poll is that two parties who have been pushing infinite immigration are doing so against the wishes of their supporters. Only 10 per cent of Labor’s supporters want more migrants, while 49 per cent want fewer. While 27 per cent of Greens voters want more immigration, 32 per cent want less. Immigration is now one of the biggest election issues in New South Wales, which is not surprising, given the rental crisis in the greater Sydney area, thanks to the Albanese immigration invasion. It is interesting to see there is no gender divide on immigration. Opposition to high immigration is spread evenly between men and women. 

It’s a betrayal of the very concept of democracy for this government to continue its globalist agenda to flood Australia with these very high levels of mass immigration against the wishes of the Australian people. Liberal and Labor governments are importing too many new arrivals from cultures that do not readily assimilate and bring with them a religion, Islam, that seeks to carve out a slice of this country to introduce their own system of law—divisive. 

At the same time, the government is inhumanely ignoring the tragedy of the slaughter of Christians in Nigeria, in Sudan and in South Africa. I asked the Minister representing the Minister for Home Affairs yesterday in question time how many Christian refugees we brought in from these trouble spots. The answer was telling: zero! I asked who’s benefiting from Australia’s humanitarian intake. His answer was that the top five countries for refugee visas, 15,000 in all, are all Islamic countries. This is nothing more than selective discrimination against Christians. In the past, Australians would have considered this sedition. One Nation still does. 

Third, One Nation is correct about the standard of living. For years, I’ve been warning the Australian people that the net zero agenda, combined with mass immigration, is destroying business investment in our productive capacity, reducing living standards. Sky News is reporting today just how bad things have become. One in seven Australians now live below the poverty line, and one in six children are below the poverty line. That’s 3.7 million people struggling to pay for food, power and rent in a nation bursting with resources, all a result of Liberal-Labor uniparty policies—mass migration, net zero, housing, overregulation. 

In what was once the richest country, per capita, in the world, we now have the worst poverty in my lifetime, yet we still have the natural resources; the abundant hydrocarbon fuels—coal, oil and natural gas; amazing farmland; and a strong tourism industry. For years, successive Liberal and Labor governments have shut down industries that provided breadwinner jobs in steelworks and heavy manufacturing, and value-adding jobs like textiles. They weighed our farmers down with so much green tape and blue United Nations tape that they are struggling to stay afloat. Australian wealth is being sabotaged in a process called ‘managed decline’. It’s deliberate. Yet our GDP is still growing. What’s going on? Australia’s wealth is being transferred from Australians to foreign beneficiaries. The world’s predatory billionaires have used their investment funds, like BlackRock, First State, Vanguard and State Street, to buy not only shares in Australian companies but entire industries. Except for two of our insurance companies, all our insurance companies are foreign owned. 

Major retailers Coles, Woolies and Bunnings are foreign controlled. The Australian big four banks are foreign controlled, and so are our telcos and oil and gas companies. Satan’s bankers then put up prices, knowing they control the markets, so consumers become price takers. There’s no market anymore; it’s controlled. Australians working at the top of these companies take extremely high salaries—in many cases, multimillion dollar salaries—in return for compliance, and everyday Australians go backwards into poverty. 

The government is making things worse, allowing so many new arrivals that housing prices and rents are forced upwards, while quality of life and standards of living go backwards. In Sydney, median unit rents have surged 40 per cent since 2021, and Melbourne and Brisbane aren’t far behind, climbing more than 30 per cent. For low-income renters, over half now spend more than 30 per cent of their income on housing—30 per cent on housing! Our prime minister went to the last election promising to leave no-one behind, knowing his policies were doing exactly the opposite. The government is now increasing spending on housing, on paid parental leave, on child care and on hiring more and more and more public servants on high wages to paper over what is a crashing economy. The government can’t use debt and money printing forever to save its backside. Debt and printing money cause their own severe economic problems and then more poverty. 

One Nation has opposed the net zero war on business investment. We have opposed the migration invasion, and we warned that these policies, combined with the red bureaucratic tape, green tape and blue United Nations tape would destroy the standard of living in our beautiful country. And it has. We bloody told you so! We have put forward solutions and practical, effective policies to solve all these challenges—proven solutions. All these issues are due to decades of dishonest Liberal-Labor uniparty policies and laws. As President John F Kennedy said: 

Our problems are man made. Therefore, they can be solved by man. And man can be as big as he wants. 

One Nation is right. 

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