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I first announced our policy to cut fuel excise back in February 2025, repeating it in March 2025 as part of our promise to deliver $40 billion into people’s pockets. Senator Hanson and I have consistently championed this measure, including early in 2026 following rising Middle East tensions.

After 13 months of One Nation patiently explaining why cutting fuel taxes would stimulate the economy and boost productivity without driving inflation, the Albanese government finally adopted our policy, even copying our slogan about putting money back into people’s pockets.

While our policy isn’t to remove the GST on fuel entirely, halving the excise automatically reduces the GST applied on top of it, chipping away at an immoral tax-on-a-tax that both major parties have long supported.

One Nation was the first to call for fuel security, supply stability, and excise relief long before the major parties even thought of it.

They called us extremists.

Yet we were right all along and we are proud to see that our vision finally delivered some relief to everyday Australians.

— March | Senate Speech

Senator Roberts: All these bills are coming before the parliament this week to solve the fuel crisis, when the real solution would be to solve the government crisis. Reducing the excise on fuel was part of One Nation’s 2025 federal election campaign. 

The Acting Deputy President (Senator Scarr): Excuse me, Senator Roberts—can you maybe just be a little bit lower in terms of the sound? It’s— 

Senator Roberts: I’m already pretty short! 

The Acting Deputy President (Senator Scarr): Thank you for your good humour. 

Senator Roberts: I first announced this One Nation policy on 11 February 2025 in a Senate adjournment debate. The policy was repeated in my adjournment speech on 25 March 2025 as part of our election promise to cut $13 billion worth of excises to put more money back into the pockets of everyday Australians. Not only have the Labor Party stolen the policy; they’ve stolen the slogan about putting more money back in people’s pockets. 

My talking point is similar to one I’ve heard today. It’s this: 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. The policy was a hit and helped to start the orange tidal wave, the orange movement. 

Senator Hanson spoke to One Nation’s policy to reduce the fuel excise in her senator’s statement on 5 March 2026. In a statement on fuel prices and security amid Middle East tensions, Senator Hanson said: 

“The government collects 51.6c per litre in fuel excise. One Nation was elected on a policy to halve that tax, cutting 26c a litre immediately, with compensation for any truckies and farmers losing rebates. The Morrison government took our advice in 2022 for six months—”

They took our advice— 

“but didn’t look after truckies and farmers. It’s time for the Albanese government to do the same and deliver cheaper fuel for Australians in 2026.”

On 2 March, I raised the fuel crisis two days after the jets flew from Israel into Iran. On 12 March, I spoke on the Offshore Petroleum and Greenhouse Gas Storage Amendment (Domestic Reserve) Bill 2026 and called for the excise to be halved. This week, Senator Hanson called for the fuel excise to be removed and for the road user tax on trucks to be suspended for three months. One Nation, One Nation, One Nation, One Nation. Our policy is not to remove the GST on fuel, though reducing the excise 52c a litre will reduce the GST by 5c and end this immoral tax on a tax that both you parties support. 

So, here we are. After 13 months of One Nation patiently explaining to the ideologues on my left why reducing the fuel tax will help everyday Australians and stimulate the economy, finally, lo and behold, One Nation policy is now government policy. As I explained a minute ago, it’s not inflationary. It increases productivity. I did hear Senator Waters describe this bill as ‘rushed’. The bill is rushed. The idea of fuel duty relief, though, is not. 

It was amusing to listen to the Liberal Party and the National Party take credit for the idea. I went back and looked to see when the Liberals first started talking about cutting the excise on petrol and diesel. It was on 26 March 2026, last week, after four weeks. Yet, somehow, the Libs claim it was the Liberals who forced the Albanese government to introduce an excise cut. Nonsense. This is the second time today the Liberals have dispensed with the truth. Senator Cash’s speech on the cash ban regulations was factually false. It misrepresented the truth, and we will explain to the people of Farrer how the Liberals and the Nationals sold out the bush. Today, the uniparty was on display for everyone to see. Look at them down there. The Labor, Liberal and National uniparty were defending their big mates in big banking—their big donors in big banking. 

The Treasury Laws Amendment (Fuel Excise Relief) Bill 2026 implements a 50 per cent cut in petrol and diesel duty and suspends the road user charge. One Nation will support this sensible measure to reduce the cost of petrol by 31c for everyday Australians and 32.5c for the trucking industry. This will keep the trucks moving, putting food on the shelves at the supermarket, stock in the shops, medical supplies in hospitals and dentists and ensuring the economy doesn’t melt down entirely as a result of the war in Iran. 

I remind people that One Nation were the first to raise the fuel supply, fuel security and price volatility issues. We were the second, we were the third, we were the fourth, and we were the fifth, before the Nationals and the Liberals even dreamt of it. They’re playing catch-up. We are having crisis after crisis, and you lot over there in the government accused us of being far-right-wing extremists. We are correct, we are right, and we hit the target before you even dreamt of it.

I asked Finance Minister Katy Gallagher’s about a critical issue affecting every working Australian: falling productivity.

The official numbers from the Australian Bureau of Statistics don’t lie. Under this Labor government, productivity (GDP per hours worked) has dropped from 100 to 96.9%.

At the same time, Labor brought in 301,000 net overseas arrivals in just one year.

This is what the data tells us:

➡️ Migration only boosts productivity if migrants are more highly skilled than the existing workforce.

➡️ Less than 20% of their 301,000 migrants are classified as skilled arrivals.

➡️ Australia now has a record 2.59 million short-term visa holders (excluding tourists) in the country, which international data proves drags productivity growth down even further.

I asked the Minister a simple, direct question: Has Treasury modelled the damage this massive influx of low-skilled and short-term visa holders is doing to our GDP per capita productivity?

Instead of giving a straight answer, Minister Gallagher dodged, talked about Net Zero, and gave excuses.

Adding millions of people without the skill levels or infrastructure to support them isn’t a productivity strategy. It’s a recipe for lower living standards for everyday Australians.

One Nation has policies that put Australian workers and our national interest first.

— June | Question Time

Transcript

Senator ROBERTS: My question is to the Minister for Finance, Senator Gallagher, and relates to productivity. The measure of productivity I’m using is from the Australian Bureau of Statistics: GDP per hours worked. Under your government, the index measure of productivity has fallen from 100 per cent to 99.6 [96.9] per cent. Net overseas migration in the year to December 2025 was 301,000 people. What change will these 301,000 new permanent arrivals make to our productivity—GDP per hours worked—across the forward estimates? 

Senator Gallagher: I welcome the question on productivity because this budget had productivity right at the centre of the decision-making that we took. As Senator Roberts would know from attending estimates, as he does and has as a representative of his party—he knows, from all the advice that Treasury has provided, that productivity growth in the decade to 2020 was the slowest in 60 years. Get your heads around that as everyone points the finger: the slowest in 60 years was in the decade to 2020. We recognised, when we came to government— 

The PRESIDENT: Senator Roberts? 

Senator ROBERTS: On a point of order, I asked about productivity falling under your government. 

The PRESIDENT: I believe the minister is answering your question, but I will continue to listen carefully, and, if she isn’t, I’ll direct her to your question.  

Senator Gallagher: I was explaining the evidence that Treasury has provided, through various committee proceedings that I’ve been at and that Senator Roberts has been at, that the productivity challenge that Australia has right now is similar to many advanced economies and that we had seen slowing productivity growth in the decade to 2020. We revised back the productivity growth assumptions in our budget on the advice of Treasury. Those had been hiding behind the myth of their numbers in their budget. We adjusted it based on advice from Treasury, and this budget has a range of measures that go right to the heart of driving productivity improvements, which, I would think, all of us in this chamber could agree is a good thing. Whether it be some of the regulatory reform work that I’m doing; removing some of the barriers to trade, which Senator Farrell’s at the heart of; building a single national market; accelerating approvals with the work that Minister Watt’s leading in the environment and the work that Minister O’Neil is doing in housing; the work with the states and territories looking at how we use data and AI—all of these big challenges that economies like Australia are grappling with, we are dealing with in this budget. I’m not sure—the clock ran out. 

The PRESIDENT: Sorry, Minister. Senator Roberts, first supplementary?

Senator ROBERTS: OEC data shows productivity improvement only occurs if the migrants have a higher skill level than Australia has as a whole—in other words, quality, not quantity—otherwise, productivity falls. Minister, does the low rate of skilled migration—less than 20 per cent of your 301,000 migrants—mean that productivity in Australia across the forward estimates will continue to fall?  

Senator Gallagher: I know that One Nation and those parties on the right would like to blame every challenge to this country on migrants. We don’t. On this side, we don’t take that view. The productivity challenge is real. It’s real in our economy. It’s real in many, many economies around the world. The measures needed to improve productivity involve governments tackling serious challenges that have been ignored for too long, like—and I know you disagree with this, Senator Roberts—the transition to net zero. I know you don’t like it, but energy is a big part of seizing the— 

The PRESIDENT: Senator Roberts? 

Senator Roberts: I don’t want to know about the globe. This is a point of order on relevance. 

The PRESIDENT: Senator Roberts, why are you on your feet? 

Senator ROBERTS: A point of order on relevance. 

The PRESIDENT: Thank you. The minister is being relevant to your question, and I’ll continue to listen carefully. 

Senator Gallagher: Migrants have made a very significant investment into our economy and have brought additional benefits. We value them and the contribution they make. We’re dealing with the migration challenges. The net overseas migration has come down 45 per cent, and we’ve got a range of productivity measures in place. (Time expired) 

The PRESIDENT: Senator Roberts, second supplementary? 

Senator ROBERTS: International data shows that, the more short-term migrants a country has, the less the productivity growth. Under your government, Australia has 2.59 million short-term visa holders—excluding tourists, of course. Minister, have you modelled the effect on gross domestic product per capita productivity from having so many short-term visa holders in your visa mix? 

Senator Gallagher: Treasury does a range of modelling and a range of analysis that feeds into our budget papers. Obviously, the numbers through net overseas migration inform other numbers that run throughout the budget papers. Again, we value the work and contribution of migrants and what they bring to this country. The productivity challenge is a substantial one. Senator Roberts, I would think that, on the issues that we’ve focused on in this budget, you would agree with many of them and you would agree that these are areas that governments and parliaments should be focusing on to drive productivity, because we know that, when we’re improving productivity, we’re improving the life of every single citizen, and we are focused on that. 

The PRESIDENT: Senator Roberts? 

Senator ROBERTS: A point of order on relevance again, President. I asked about per capita GDP productivity from so many short-term visa holders. That’s all I asked about. 

The PRESIDENT: Thank you, and the minister is being relevant, Senator Roberts. 

… government greed for other people’s money is our biggest threat.

Productivity and prosperity – these are two concepts intimately linked and yet wrongly separated thanks to the over-taxing demands of Treasury.

Productivity is not about taxation.

Taxation is a reward taken by the Treasury from productivity in the private sector.

This has led some ministers to view tax revenue as the chief goal of productivity instead of a reflection of economic success – a catastrophic error that speaks to the financial illiteracy plaguing the Labor government.

The recent Budget saw Labor propose raising taxes on the few remaining productive sectors of the economy. These represent the small corners of investment occupied with people trying to make ends meet in an increasingly unfair system. The result has been … predictable. A flat, weakening investment sector and stagnating housing markets.

Panic has spread. Money has retreated. Productivity has taken a hit it could not afford.

It was only last week that the Treasurer had to be told that his new Capital Gains Taxes threatened future productivity within the business sector and the investment market.

Think about it. When doubling taxes on risky investment returns, the government misses out on the taxes it could have collected when investors transition into home ownership. Which is what most young people say they intend to do with their capital gains… Because of these new taxes, young people will purchase fewer homes. It is just one example of stifling economic growth in favour of short-term tax grabs. And this is without mentioning the reduced productivity of renters already facing price hikes as a result.

Government greed for other people’s money is the biggest threat to productivity.

This government has strongly disincentivised productive risk-takers.

Business owners are punished and over-taxed workers are conditioned to blame their employers for economic hardship. This creates unproductive economic tension.

Instead, the true culprit is the acute failure of government to contain inflation and tighten its own belt. Labor has acquired substantial debts through mismanagement, hubris, panic, and delusion. What did we see in this budget? The Treasurer is still spending money he doesn’t have on things this country doesn’t need.

Meanwhile, businesses are collapsing are record rates. The public sector is growing. Wealth generation is shrinking. This is not productive.

Australia is becoming an incoherent economic mess that rewards a culture of hand-outs – be they corporate or private – instead of offering a hand-up to those who want to succeed.

Here is the truth. We are almost at a trillion dollars in debt, chasing our tail to keep up with interest repayments worth $28 billion per annum. Dead money. The Treasury is in desperate need of productivity while having no idea – whatsoever – about how to nurture productivity in a complex Western democracy full of free people making independent choices about their economic future.

The economy requires incentive, not the punishment.

What is ‘productivity’?

Productivity is cheap, reliable, Australian-sourced energy. It is good roads connecting regional areas with city centres. High speed rail lines and Australian-controlled ports. Refineries guaranteeing fuel supply when the world is in crisis. A competitive construction industry. It is the cutting of petty and unnecessary red tape. It is cutting UN and foreign agency imposed green and blue tape. It is high-speed, reliable internet – everywhere – including along highways and in regional areas. It is the freedom to take risks and earn a reward. It is a reliable nation of stable economic rules to encourage investment.

Productivity means placing trust and respect in businesses – freeing them of unnecessary cost burdens so they can hire staff, reward the hardest workers, and voluntarily pay above minimum wage.

Labor is spending all of its time focused on the minimum wage, because the economy is dying. Low wages are becoming the standard, rather than the baseline, because businesses are giving too much of their capital to the Treasury.

A Treasury that has run out of money and wants to dip into the pockets of Australians who did nothing wrong.

Productivity is not about working harder – it is about working smarter.

The Woke-Left have taken over the economy and built an economic prison rather than a promise.

One Nation wants to free the Australian people so they can be productive – on their own terms – to build a future they want for their children and their children’s children. Also, a nation worth living in for the people alive now, who deserve to enjoy the sacrifices of their ancestors.

To the Prime Minister, I say this, you don’t make the next generation of Australians productive through saddling them with an education debt larger than a housing deposit, selling their jobs to an imported workforce, and then tempting them into home deposit schemes they can never hope to pay off while depreciating the value of their asset. These Australians will never have the financial security to invest their money or take the risk of starting a business that creates productivity. What they are doing is surviving. Not thriving.

One Nation have been presenting policies for productivity for years. Since rising in the polls, these policies have gained traction. The response? Our political opponents are seeking to tear them down. They complain that any drop in revenue is an affront to the status quo of Treasury.

When we offered income splitting to give families a fairer tax policy and the flexibility to raise their own children, we were told this would ‘hurt income tax returns’ and ‘cause women to leave the workforce’. I’m sorry? What about the savings to childcare, which are currently costing the Budget a fortune? What about the humanity of allowing one parent to stay home, if that is what they wish? What about the benefits to the child? The community benefits? The education benefits? One Nation offers economic freedom – and the economists whinge.

When One Nation offered to end bracket creep – Labor, the Coalition, and Greens united to stop us. Then the government tossed a measly $250 at working Australians in compensation. It is … disgusting. It is … dishonest.

When One Nation offered greater freedom to businesses so they can grow and hire more staff, we are told that we are denting corporate tax. One Nation does not want minimum wage to be the anchor dragging down prosperity – we want the private sector to reward merit, pay better wages, and give proper benefits to the hardest workers and brightest staff because the most skilled should rise to the top. Productive societies are merit-driven. Always.

Merit makes money. Hard work makes money. Businesses make money. Government spends money other people have made.

And it should spend that money in a way that encourages productivity – not fantasy obsessions, like a non-existent climate crisis. The green apocalypse made a lot of corporations very rich at the expense of taxpayers. You think we didn’t notice – we did.

Of course, One Nation will retain the minimum award system and seeks to elevate wages above the minimum level through productivity increases.

One Nation understands that productivity has nothing to do with forcing people to work harder. They already work hard. Instead, Australia requires bold changes in regulation to unchain the economy and release its potential.

A smaller government.

This is our message to the Treasurer. If you have to sit around mulling over productivity at a roundtable it means you don’t understand productivity. You have no clue what to do.

Just as you cannot subsidise your way to becoming an energy super-power, you cannot tax your way to productivity.

A One Nation leadership will force – force – the government to tighten its belt, stop wasting money, and cut off parasitic departments and bureaucracies. We will shrink the government to fit the constitution, saving $90 billion a year of waste and duplication, so that we can offer the Australian people lower taxes, less red tape, and more personal flexibility. One Nation wants tax money put to use to build transit lines and infrastructure required to increase productivity – not into wasteful projects that tick a Net Zero box at the UN.

We cannot keep sending billions ($31 billion a year) of dollars offshore and billions more into the hands of domestic fraudsters and criminals.

Cheap, reliable energy. Proper infrastructure. Real wealth. Lower taxes. Less bureaucracy.

That is the formula for productivity.

I will finish with this. And this will hurt. If the Treasury wants productivity, it will have to take a leaf out of the private sector. It will have to take a risk. Take a hit to its balance sheet. Make an investment. It will have to lower taxes and allow the private sector to keep more of it what it earns so that the men and women of Australia can choose what sections of the economy to grow – to pick the best parts to invest in – to cultivate what actually works, not what the government wants to work.

The Australian people have always been financially responsible and economically intelligent. They will dig the government out of this financial hole – only if the government lets them.