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Speaker 1: Hi, my Boris, and this is straight talk and I

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Speaker 1: know you've come in today to announce the date of

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Speaker 1: the election.

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Speaker 2: So Prime Minister, well to straight talk. Great to be

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Speaker 2: with you, Mark.

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Speaker 1: We do know the story that you know you grew

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Speaker 1: up in public housing, single mum Anthony Albanezi.

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Speaker 2: What's valuable to him? If I can sum it up

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Speaker 2: in two phrases, no one left behind, but no one

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Speaker 2: held back because of the thing is obviously at the

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Speaker 2: top of the list.

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Speaker 1: I think it was one point two million new homes

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Speaker 1: over a period of five years of up to twenty thirty.

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Speaker 2: It's not tracking great. What do you think about that?

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Speaker 1: And I come at you from every direction before any

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Speaker 1: little thing. Why does Anthony Albernesi do that?

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Speaker 2: You know I'm here because of sacrifices that she made.

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Speaker 2: One of the things that drives me is repaying.

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Speaker 1: So the most important question for the whole economy and

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Speaker 1: for a whole of Australia, howse how's going to go

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Speaker 1: this year? Prime Minister, Well to straight talk.

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Speaker 2: Great to be with you, Mark. There's been a long

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Speaker 2: time getting together.

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Speaker 1: By the way, when I was walking up to the

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Speaker 1: studio just now, I got a photo of something I've

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Speaker 1: got to show it to you, but because you'll probably

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Speaker 1: ever laugh.

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Speaker 2: But and you know, fun fact while you're getting that together,

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Speaker 2: is that your car? No, but it could be it's.

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Speaker 1: They it's got a South Rabbit Oz. I thought maybe

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Speaker 1: the promise that parked his car at the front and

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Speaker 1: they won't let me.

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Speaker 2: Put a sticker on C one. Apparently that's against the rules.

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Speaker 2: I thought, my god, he's in our territory. I mean

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Speaker 2: this is East and Suburbs area. Mate.

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Speaker 1: So the most important question for the whole economy and

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Speaker 1: for a whole of Australia, the voting Australia is house,

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Speaker 1: how's going to go this year again?

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Speaker 2: And go real well, the great Man is back, Wayne

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Speaker 2: Bennett in Wayne, we trust and if we can just

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Speaker 2: get our players on the field Campbell Graham not a

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Speaker 2: minute last year. Kem Murray's out for the beginning. But

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Speaker 2: at one stage, you know, I was waiting for you'll, mate,

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Speaker 2: Nick Pappits to bring us up and ask us to

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Speaker 2: play half back because we're really struggling for a while there.

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Speaker 2: Because you've got that young kid now from the UK. Yeah, yeah,

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Speaker 2: and that will be good with Cody Walker going back

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Speaker 2: to five to eight. I think where he's much preferred

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Speaker 2: position and it's a great team if we can get

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Speaker 2: him on the field. Yeah. So I just want to

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Speaker 2: ask you about it because they a.

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Speaker 1: Lot of people, for example, in another States probably don't

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Speaker 1: understand Ruby League, but but they definitely understand if they're

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Speaker 1: AFL fans, they understand the importance of being part of

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Speaker 1: a tribe in the club. How important is SOUS and

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Speaker 1: Rugby league to you as a person. Where does it

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Speaker 1: fit into your life? And You've got a busy life,

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Speaker 1: your prime minister, You've got mini things you've got to do,

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Speaker 1: You've got your partner Joe, You've got other things going

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Speaker 1: on in your life. But where does football and SAUS

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Speaker 1: fit into your life?

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Speaker 2: I think it's about identity. I remember when SOUS were

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Speaker 2: kicked out of the comp for a couple of years,

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Speaker 2: some people said, oh, yeah, you should just follow another team,

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Speaker 2: And to them I said, at the time, I was

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Speaker 2: on the board of SOUSE at the time, I said,

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Speaker 2: you don't understand. This is about who you are. It's

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Speaker 2: about your connections. I mean I came out of the

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Speaker 2: womb with a cardinal eye and a myrtle red and green,

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Speaker 2: and my grandparents supported South, my mum supported South. It's

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Speaker 2: just what you do and it's the way that you

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Speaker 2: relate to your mates that you grew up with. Some

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Speaker 2: of my earliest experiences were sitting on the hill there

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Speaker 2: at Redfern and that's what team sports about. So it

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Speaker 2: doesn't matter whether it's Souse or Carton or Collingwood or

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Speaker 2: whatever team in the That was a hard wood to say,

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Speaker 2: You've got to draw the line somewhere. It's very hard

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Speaker 2: with you to say. I know, for people from in

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Speaker 2: the state, South and the Roosters have this rivalry that

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Speaker 2: goes back a long way. I played is in the

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Speaker 2: East comp there because I went to St Mary's Cathedral,

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Speaker 2: so we used to play. We came third every year

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Speaker 2: because every year it was Marcelyn and Bondo United had

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Speaker 2: always made the Grand Final and we would make the

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Speaker 2: final and get knocked out every year. We could never

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Speaker 2: beat either of those teams. Marslin had a fellow called

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Speaker 2: Darren McCarthy as their best player. He was the best

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Speaker 2: player in the comp. Bobby McCarthy a legend with over

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Speaker 2: two hundred games for South and a great player. His

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Speaker 2: son Darren was too first grader and he I tried

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Speaker 2: to tackle him once he just ran straight over the

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Speaker 2: big unit. He was twice the size of everyone else

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Speaker 2: in the comp at that time. Mary's Cathedral.

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Speaker 1: Now I remember man I grew about in the Western

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Speaker 1: but I remember my mother got me to learn to

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Speaker 1: play piano, and I played piano.

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Speaker 2: Most of my life.

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Speaker 1: And my mother tried to get me to go to

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Speaker 1: Saint Mary's because it was a music school, as I recall.

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Speaker 2: Because there was the choir. Yeah were you were you

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Speaker 2: part of that?

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Speaker 1: Did you win some sort of or were you a

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Speaker 1: musician or a singer or something along those lines.

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Speaker 2: To go to Mary's I was hopeless. My mum had

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Speaker 2: me try out for the choir and I wasn't successful,

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Speaker 2: and so I enrolled. It was the local school, basically

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Speaker 2: you could my mom was very Catholic. I say, I

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Speaker 2: was raised with three great faiths South Sydney, the Labor

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Speaker 2: Party and the Catholic Church. And if you went through

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Speaker 2: the Catholic system I went in primary school. I went

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Speaker 2: to Saint Joseph's at Camperdown, which is a very little school,

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Speaker 2: lovely school that's now a childcare center. It went to

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Speaker 2: year four and then you had to go through a

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Speaker 2: whole series. If you were in the Catholic systemic system,

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Speaker 2: you went to Saint Joseph's Newtown for year five and six,

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Speaker 2: and then Saint Thomas's Solution for seven to ten, and

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Speaker 2: then Christian Ratherslus from eleven and twelve if you went through.

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Speaker 2: So my mum, I grew up in Pimotbridge Row Camp

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Speaker 2: down where the bus outside the children's hospital went straight

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Speaker 2: to the city. So Sat Maris went from year five

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Speaker 2: right through the year twelve. So mom sent me there

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Speaker 2: and in year six I was going to be taken

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Speaker 2: away from the school because my mom couldn't afford school fees.

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Speaker 2: And they had brother Simpson, who was in charge of

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Speaker 2: the primary school there, brought us in myself and mum

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Speaker 2: and was asking why I was going to leave and

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Speaker 2: not go back into year six, and Mum said that

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Speaker 2: she just couldn't afford school fees, and so they said

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Speaker 2: to my mum, he's a good student, just pay whatever

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Speaker 2: you can when you can, And so I got to

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Speaker 2: go essentially free, which the Catholic school system does for

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Speaker 2: a lot of disadvantaged kids. So it's just myself and

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Speaker 2: mum there at home.

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Speaker 1: It's interesting promise you said something about one of the

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Speaker 1: things that you've got you got out of your family

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Speaker 1: or growing up, is God.

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Speaker 2: And actually, interestingly enough.

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Speaker 1: We just had the US inauguration and Trump often speaks

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Speaker 1: about God, and God seems to be all religion. Maybe

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Speaker 1: not so much really religion, but belief systems have become

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Speaker 1: okay to have all of a sudden, you know, not

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Speaker 1: all of the summers. It's just become more popular. How important

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Speaker 1: is to Anthony Alberanezi, how important is spirituality and a

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Speaker 1: belief system?

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Speaker 2: It's important. I tend not to talk too much about it,

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Speaker 2: but it's about who you are and being raised. I

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Speaker 2: think with Catholic social justice principles. We're here in Darlinghurst

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Speaker 2: and we used to go down and help at some

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Speaker 2: Vinnie's andthew Talbot. We'd go and help at Matthew Talbot

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Speaker 2: as volunteers. It was a part of going to that

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Speaker 2: school system is teaching you values about looking after the underprivileged.

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Speaker 2: During the last election campaign I spoke about not leaving

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Speaker 2: people behind, and that was a part of it that

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Speaker 2: Catholic social justice principles are really important to me. Looking

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Speaker 2: after each other, the fact that there's something other than

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Speaker 2: just individual individualism, if you like, is a part of

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Speaker 2: my core belief system.

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Speaker 1: So, and I know you've come in today to announce

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Speaker 1: the date of the election, but there obviously is an

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Speaker 1: election coming up. Because there's an election year, people want

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Speaker 1: to know about your values apart from your policies. This

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Speaker 1: is not a presidential style election, as you know, but

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Speaker 1: it's sort of becoming a little bit that way.

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Speaker 2: For some reason. You know, we're looking at the leader and.

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Speaker 1: People will be saying, well, why will I vote for

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Speaker 1: that party or my local member based on that leader?

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Speaker 1: And therefore, because a lot of people don't know much

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Speaker 1: about their local member a lot, but the leaders in

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Speaker 1: the in the media all the time. So what are them?

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Speaker 1: What's our leaders? What are our leaders values? And I

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Speaker 1: don't know. I know it's a private thing, but can

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Speaker 1: you give us a bit of a sense of social

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Speaker 1: justice a great start, but can you be of a

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Speaker 1: sense of what what are the values that you live by?

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Speaker 1: I mean they're important, not just policies. But sure, Anthony

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Speaker 1: ALBERIZI is what's valuable to him?

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Speaker 2: I think if I can sum it up in two phrases,

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Speaker 2: no one left behind but no one held back? What

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Speaker 2: if mean In practice, it means making sure that the

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Speaker 2: disadvantage people are looked after who are vulnerable in society

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Speaker 2: as well. I do think that is important we judge

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Speaker 2: society on that. So I've just been at the opening

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Speaker 2: of a new social housing dwellings sixty one apartments in

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Speaker 2: Merrickville in my electorate. I go up in public housing.

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Speaker 2: That's really important. But it's connected up with the second

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Speaker 2: lot of no one held back either. We need to

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Speaker 2: value aspiration. My story is one of aspiration, one of

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Speaker 2: someone who my mum wanted a better life for me

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Speaker 2: and to make the most of opportunity. And I think

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Speaker 2: that government can play a role in creating the circumstance

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Speaker 2: where people can be have a better life, have a

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Speaker 2: better standard of living, get an education, thrive for a

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Speaker 2: better standard of living. I know a little bit about

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Speaker 2: yourself up we've known each other for a little while now,

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Speaker 2: I mean your Western Summer's boy in Punchbowl. I think

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Speaker 2: you know it. You did extremely well. That's important that

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Speaker 2: we value that. We want people to succeed in life.

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Speaker 2: We don't want to be satisfied with just where we are,

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Speaker 2: and that's a normal human aspiration. I think that is

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Speaker 2: part of the reason why people come to Australia is

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Speaker 2: they want a better life than themselves and importantly for

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Speaker 2: their children as well.

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Speaker 1: So that's interesting that your mum wanted something better for you.

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Speaker 1: And we do know the story that you know you

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Speaker 1: grew up in public housing, single mum, so I won't

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Speaker 1: dwell on that too much. And I, by the way,

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Speaker 1: what I would do when I ask you though on

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Speaker 1: that regard. In that regard is do you ever sit

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Speaker 1: back and say, Wow, I grew up seeing mum social housing.

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Speaker 1: Here I am the prime Minister of the country. I

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Speaker 1: mean that is in terms of aspirational limits, that's a

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Speaker 1: pretty big call. And were you a kid saying one

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Speaker 1: day I want to do something better.

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Speaker 2: I certainly thought to myself one day, I want to

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Speaker 2: do better. My mum was an invalid pensioner. She couldn't work,

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Speaker 2: crippled up with rheumatoit arthurus, and so we had very

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Speaker 2: limited income. I think if you had asked a fourteen

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Speaker 2: or fifteen year old me, it would have been I

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Speaker 2: want a secure job one day, I want to own

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Speaker 2: my own home, and I want to live a better life.

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Speaker 2: But I certainly didn't. I didn't have the destiny thing.

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Speaker 2: I didn't walk around saying I'm going to be Prime minister.

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Speaker 2: And even when I went into politics, I didn't go

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Speaker 2: into Parliament thinking that I would be prime minister. It's

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Speaker 2: absurd for someone from my background to think that you.

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Speaker 1: Don't get beyond your position exactly, especially in the Catholic

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Speaker 1: environment too. By the way, there's a bit of that

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Speaker 1: there is.

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Speaker 2: No there is. Don't get ahead of yourself is a

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Speaker 2: really important thing, and so I didn't do that. But

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Speaker 2: it says something great about this country that the son

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Speaker 2: of a single one, an invalid pensioner who or disability

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Speaker 2: support pension would be called these days, who grew up

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Speaker 2: in public housing can be Prime Minister of Australia. And

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Speaker 2: there are lots of moments where you're on the south

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Speaker 2: lawn of the United States White House, when you're addressing

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Speaker 2: that scene that you've seen in so many movies, where

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Speaker 2: it's a wow moment. It is a very big deal,

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Speaker 2: and I certainly don't take it for granted. Every single

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Speaker 2: day when I drive into Parliament House, there's a courtyard

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Speaker 2: that you'll see prime ministers do the press conferences in

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Speaker 2: the car drives inside the building at Parliament House there.

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Speaker 2: It's a part of security measures, but I get dropped

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Speaker 2: off and every day when the car goes through inside

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Speaker 2: the building, if you like, outside into that courtyard, I

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Speaker 2: pinch myself. It's a great honor and a great privilege.

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Speaker 2: Do you know that?

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Speaker 1: He probably knows, because I'm sure you've got advisors around

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Speaker 1: the place, but you are. One of your strength is

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Speaker 1: you're very relatable. And you know you don't you can

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Speaker 1: you tell the story well, but you're very relatable as

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Speaker 1: an individual. I'm getting that sense talking about it, and

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Speaker 1: Australians love that sort of stuff. I mean, because we're

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Speaker 1: going to be able to relate to the person we

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Speaker 1: want to lead the country, not necessarily from party to party,

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Speaker 1: but whoever the dude is or female woman who's going

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Speaker 1: to lead this country won't be able to relate to

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Speaker 1: that individual. And you come across a very relatable have

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Speaker 1: a relatability where they come from. How did you Was

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Speaker 1: you always that kid you know good at that or

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Speaker 1: did you sort of learn that process through the years

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Speaker 1: being starting off as a parliamentarian in early days, or

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Speaker 1: of starting off in the political scene early days.

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Speaker 2: Where'd you get that from? I just try to broth myself.

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Speaker 2: I think not having that sense of destiny helps. Yeah,

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Speaker 2: so there's not a sense of entitlement to mean, yeah,

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Speaker 2: a sense of entitlement. You know. I don't take it

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Speaker 2: for granted. And I also understand the responsibility that I

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Speaker 2: have in having this privilege. Something that happened on the

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Speaker 2: first day of Parliament. Before Parliament comes back after any election,

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Speaker 2: there's a service at the War Memorial, your first the

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Speaker 2: day before yeah, as Prime minister. This is in twenty

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Speaker 2: twenty too, and I'm there. You give a speech about

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Speaker 2: a fallen veteran and it's a solemn ceremony paying respect

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Speaker 2: to the men and women who've given their lives to

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Speaker 2: defend and to create Australia, and it's a good occasion.

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Speaker 2: I got back in the car to go to the

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Speaker 2: lodge and I got a text message of a photo

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Speaker 2: of me from a maid of mine, Sharie, who I

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Speaker 2: grew up with in public housing and campdown, and it

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Speaker 2: was a photo taken from the balcony there at the

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Speaker 2: War Memorial, Texas, saying are you here? And she texted

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Speaker 2: back saying yes. So I rang her. And what had

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Speaker 2: happened was that eight of the people who I grew

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Speaker 2: up with in Campdown in this sort of little public

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Speaker 2: housing state that was across the road from the Children's hospital,

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Speaker 2: surrounded by the Western's Biscuit factory and Naulty's Foundry and

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Speaker 2: all this industrial areas, so there was just one block

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Speaker 2: of housing and a long way to the next home. Private,

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Speaker 2: all public anywhere around. They had got together. One of

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Speaker 2: them Clayton's now a wharfie in Freo, Wendy lives in

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Speaker 2: Melbourne Donnas in the Eastern suburbs. They're all South supporters.

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Speaker 2: By the way they had traveled. One I think social

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Speaker 2: media can do is keep people connected. They'd all decided

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Speaker 2: their mate, who they grew up with and I've kept

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Speaker 2: in contact with them, was becoming Prime Minister of Australia,

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Speaker 2: and they all traveled to Garry Brown month of them.

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Speaker 2: It was so good, it was so uplifting, and I

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Speaker 2: had them all round to dinner at the Lodge. So

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Speaker 2: the night before I went through the formal process of

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Speaker 2: the Parliament. I've been sworn in by the Governor General

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Speaker 2: of course early, but that process of the first day

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Speaker 2: of Parliament as Prime Minister, they were all there and

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Speaker 2: the night before they had dinner at the lodge, and

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Speaker 2: I can't think of anything better about our country that people.

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Speaker 2: You know, all good people, humble people, hard working people

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Speaker 2: with themselves and their partners there at the lodge. It

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Speaker 2: was such a really important moment for me, one of

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Speaker 2: the moments of my life. That's interesting.

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Speaker 1: As I was listening to that, I thought to myself,

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Speaker 1: the difference between what you're relating to me as a

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Speaker 1: really important moment, which it is an important moment, especially

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Speaker 1: to be able to enjoy the moment or absorb the

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Speaker 1: moment with some friends of yours that you went to

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Speaker 1: school with, lifelong friends and family too, I guess. But

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Speaker 1: then I go I watched the inauguration of Trump a

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Speaker 1: night or so ago, and he surrounded himself with all

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Speaker 1: the megastars, and it's a different style. He's totally different

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Speaker 1: style to you. I know him, I knew him during

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Speaker 1: the apprentice period recently.

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Speaker 2: Well, it's a.

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Speaker 1: Different style of person. And then I look at Australians

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Speaker 1: compared to Americans, and I wondered to myself, and I

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Speaker 1: just want it because I don't know, are Australians more

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Speaker 1: interested in relating to their leader as a good person

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Speaker 1: who has good values, who remembers. Let's call it the

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Speaker 1: I don't want to say smaller people, but people who

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Speaker 1: he grew up with aren't famous but famous to you,

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Speaker 1: but not famous generally. Is it better to be that person?

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Speaker 1: From an Australian point of view, electric point of view?

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Speaker 1: Do we want that? Or do we want someone more

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Speaker 1: like Trump who surrounds himself with Zuckerberg and you know.

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Speaker 2: Et cetera, et cetera, mask, et cetera. What do you

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Speaker 2: think about that?

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Speaker 1: Do you ever think, because I mean you must watch

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Speaker 1: all this stuff yourself, do you ever go through the

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Speaker 1: process say well, I'm no Albanezi, I'm me.

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Speaker 2: I can only be me.

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Speaker 1: I can't be someone else, but I do want to

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Speaker 1: win the election for my party. Do you think to yourself?

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Speaker 1: Do I have to perform a bit differently? Do you

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Speaker 1: ever think that to yourself?

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Speaker 2: I think Australians can spot someone who's trying to be

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Speaker 2: something that they're not. You've got to be yourself.

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Speaker 1: Yeah.

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Speaker 2: If you think about the language that we use, we

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Speaker 2: say he's fair income, she's fair income. We say, you know,

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Speaker 2: keep it real. A lot of our.

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Speaker 1: Phraseology is about that. It's indicative of maybe what people want.

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Speaker 2: Yeah, we relate to each other very directly as well.

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Speaker 2: You know, we stir each other up. We have a

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Speaker 2: different sense of humor. Yeah, yeah, I think as well.

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Speaker 2: You know, we can have a crack at each other

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Speaker 2: our mates without causing offense. But I think we as

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Speaker 2: well have avoided some of what's occurred in the United

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Speaker 2: States is anger and polarization. Division. Yeah. One of the

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Speaker 2: things I'm trying to do as Prime Minister, I hope

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Speaker 2: is appeal to people's better angels as well, not appeal

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Speaker 2: to division. And I think that's really important for who

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Speaker 2: we are that we keep that social cohesion here, you know,

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Speaker 2: where a multicultural nation and we have people of different face,

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Speaker 2: different backgrounds, different views. We've got to be able to

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Speaker 2: be respectful and have that dialogue without the anger that

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Speaker 2: we see in some of American politics, and indeed politics

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Speaker 2: around the world, I think has been exacerbated. I think

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Speaker 2: that process by social media as well. You know, people

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Speaker 2: will say things on social media. I don't look at

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Speaker 2: the comments. They'll say things that they would never say

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Speaker 2: to you face to face. Nah, and they do it anonymously.

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Speaker 2: Do if you feel any do you feel as it

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Speaker 2: was around right now? You know, I must admit I

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Speaker 2: watch Paul Murray, but I also just in the ABC

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Speaker 2: in the morning, so I try to balance these out

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Speaker 2: and I'll watch him. And of course, you know last

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Speaker 2: night I've seeing the polls, and there was a poll

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Speaker 2: came through last night. It sort of is sort of

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Speaker 2: indicating globally Canada, United States, some parts of Europe, not

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Speaker 2: yet UK, but Star is having a bit of a

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Speaker 2: tough time at the moment. Do you ever think to yourself,

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Speaker 2: do you feel to yourself? And I'm sure you've got advisors.

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Speaker 1: But there could be a movement against what labor your

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Speaker 1: party has stood for over the past number of years

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Speaker 1: and more going towards the right and therefore put you

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Speaker 1: at a disadvantage relative to your polling for example, where

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Speaker 1: you know Dunton's sort of close and the coalitions above.

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Speaker 1: Do you feel as though you or sometimes pushing against

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Speaker 1: a tide a few of the other type is in

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Speaker 1: your favor and you can't control tides. These are things

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Speaker 1: beyond your control people's general feelings. But do you feel

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Speaker 1: as though that is there could be occurring and if so,

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Speaker 1: what do you do about it? How do you manage yourself?

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Speaker 1: How does anything will be easy? To get up and say, right,

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Speaker 1: I don't care what the momentum is, I'm going to

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Speaker 1: attack this.

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Speaker 2: Yeah, I think you have to deal with things that

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Speaker 2: you can change. So one of the challenges that we've

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Speaker 2: had to deal with in government is global inflation. Now

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Speaker 2: that peaked overseas, it double digit in the UK. We've

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Speaker 2: had recessions around the world in advanced economies. New Zealand

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Speaker 2: still still in a recession right now, a deep one.

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Speaker 2: So you need to worry about what you can control.

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Speaker 2: If you try to think that you have power over

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Speaker 2: everything that happens in the global economy, you'll just it

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Speaker 2: would cause such frustration you'll end up not being able

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Speaker 2: to be as effective as you can if you say, okay,

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Speaker 2: how can we make a difference. So with global inflation,

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Speaker 2: our challenge has been how do we get inflation down

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Speaker 2: without just putting helping people at the same time with

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Speaker 2: cost of living pressures that we know are on there.

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Speaker 2: And so some of the economists would tell us you

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Speaker 2: can only get inflation down if people are thrown on

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Speaker 2: the scrap heap and unemployment risis. That's not a labor approach.

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Speaker 2: Our approach will not leave people behind.

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Speaker 1: Can we talk about that Prome Minister, and I think

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Speaker 1: that's an important point. You know, cost living is obviously

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Speaker 1: at the top of the list. You've done, You've obviously

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Speaker 1: done your surveys and poling. You know what's important. As

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Speaker 1: I see the surveys, cost living is one of the

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Speaker 1: most important ones. Environment used to be has sort of

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Speaker 1: dropped a few down down and the cost.

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Speaker 2: Living through inflation.

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Speaker 1: Then you made a really important point labour's policy relative

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Speaker 1: to inflation. So generally speaking, when you have high interest

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Speaker 1: rates for a long period of time, traditionally both in

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Speaker 1: Australia and other parts of the world, unemployment tends to.

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Speaker 2: Suffer.

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Speaker 1: In other words, the unemployment rate tends to rise. But

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Speaker 1: you know, labor is about looking after one of its

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Speaker 1: major constituencies is the it's called the working classle people jobs.

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Speaker 1: And you've managed and you know, your treasurer doctor Jim has.

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Speaker 2: Managed to.

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Speaker 1: Hopefully do the perfect scenario get interest rate reductions yet

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Speaker 1: but get interest rate reductions but at the same time

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Speaker 1: without the labor market suffering. So you know, unemployment is

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Speaker 1: around four point one. I do know that the RBA

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00:26:02,400 --> 00:26:05,199
Speaker 1: would like to see not would like to see a

437
00:26:05,200 --> 00:26:07,720
Speaker 1: bigger number, but expect to see a bigger number based

438
00:26:07,760 --> 00:26:10,080
Speaker 1: on modeling of about four point five four point six,

439
00:26:10,520 --> 00:26:12,640
Speaker 1: But no one ever lands exactly where they want to land.

440
00:26:12,680 --> 00:26:15,640
Speaker 1: That's either a lot more, maybe five, or a lot less.

441
00:26:15,680 --> 00:26:17,720
Speaker 2: But that's a hard.

442
00:26:17,440 --> 00:26:22,520
Speaker 1: One to manage, I mean, And the RBA is an

443
00:26:22,560 --> 00:26:28,160
Speaker 1: independent body, you as the government and Treasury comes under you.

444
00:26:28,160 --> 00:26:30,800
Speaker 1: You as the government don't want to see people put

445
00:26:30,800 --> 00:26:31,480
Speaker 1: out of their jobs.

446
00:26:33,160 --> 00:26:34,080
Speaker 2: How hard has it.

447
00:26:34,040 --> 00:26:39,600
Speaker 1: Been over the past period to manage that policy? In

448
00:26:39,640 --> 00:26:42,480
Speaker 1: other words, make sure unemployment does not kick up to

449
00:26:42,520 --> 00:26:44,600
Speaker 1: four point six, four point seven or close to the five, which,

450
00:26:44,600 --> 00:26:46,480
Speaker 1: by the way, is the long term average. And even

451
00:26:46,480 --> 00:26:48,159
Speaker 1: blakes like szup Mccoli is a good.

452
00:26:48,040 --> 00:26:48,560
Speaker 2: Mate of mine.

453
00:26:48,760 --> 00:26:50,400
Speaker 1: Kookie and I have a bit of fun every month,

454
00:26:50,720 --> 00:26:57,080
Speaker 1: and he was Julie Gillard's leading economist advisor economic advisor.

455
00:26:57,880 --> 00:27:01,640
Speaker 1: Even Cookie says to me, mate, unemployment's got to get

456
00:27:01,640 --> 00:27:04,240
Speaker 1: beyond four and a half in a modeling sense, you know,

457
00:27:04,320 --> 00:27:08,919
Speaker 1: the so called non accelerating inflation renovate employment has to

458
00:27:08,960 --> 00:27:11,480
Speaker 1: be above four and a half in order for us

459
00:27:11,520 --> 00:27:14,400
Speaker 1: for the Reserving Board to be convinced that it's time

460
00:27:14,440 --> 00:27:17,680
Speaker 1: to reduce interest rates. How do you play the game?

461
00:27:17,880 --> 00:27:21,080
Speaker 1: How and do you see us talk to Jim like daily.

462
00:27:21,119 --> 00:27:23,200
Speaker 1: I mean, what's the dynamics.

463
00:27:22,800 --> 00:27:25,840
Speaker 2: Of this stuff? It's just like landing a seven four

464
00:27:25,920 --> 00:27:29,520
Speaker 2: seven on a helicopter pad, trying to get inflation down

465
00:27:30,440 --> 00:27:35,920
Speaker 2: whilst keeping employment strong, whilst looking after people, we're cost

466
00:27:36,000 --> 00:27:39,320
Speaker 2: of living relief. Can you do all of those things? Well?

467
00:27:39,440 --> 00:27:43,240
Speaker 2: That so far the stats are pretty good. Yeah, inflation's

468
00:27:43,280 --> 00:27:46,720
Speaker 2: got a two in front of it. Unemployment's gone from

469
00:27:46,840 --> 00:27:50,760
Speaker 2: three point nine to four, but that's pretty good. We've

470
00:27:50,760 --> 00:27:55,160
Speaker 2: got real wages growing and we've created one point one

471
00:27:55,240 --> 00:27:59,680
Speaker 2: million jobs since we came to office. Those statistics are

472
00:27:59,680 --> 00:28:03,359
Speaker 2: remarked puckable and there is nowhere in the world you

473
00:28:03,400 --> 00:28:09,520
Speaker 2: would rather be than Australia having those stats. So sometimes

474
00:28:09,840 --> 00:28:16,639
Speaker 2: economic theory doesn't play out in practice because it's important

475
00:28:17,200 --> 00:28:20,399
Speaker 2: that an economy works for people, not the other way around,

476
00:28:20,600 --> 00:28:22,960
Speaker 2: and that we don't take people out of the equation

477
00:28:23,280 --> 00:28:26,520
Speaker 2: like those stats. So stats are more a matter than

478
00:28:26,560 --> 00:28:29,680
Speaker 2: the people. People are what matter. So if you talk

479
00:28:29,680 --> 00:28:32,680
Speaker 2: about oh, well four point one four point five, what

480
00:28:32,720 --> 00:28:35,720
Speaker 2: difference does it make, Well, that means a couple hundred

481
00:28:35,760 --> 00:28:39,920
Speaker 2: thousand people losing their job and people being worried about

482
00:28:39,920 --> 00:28:42,520
Speaker 2: putting food on the table. You know it can make

483
00:28:43,200 --> 00:28:47,840
Speaker 2: you to a real difference is there, And so we've

484
00:28:47,880 --> 00:28:51,880
Speaker 2: been determined to design cost of living relief in a

485
00:28:51,920 --> 00:28:56,160
Speaker 2: way that has put that downward pressure on inflation. So

486
00:28:56,400 --> 00:29:01,680
Speaker 2: cheapertrold care helps booce workforce participation because women are more

487
00:29:01,840 --> 00:29:05,400
Speaker 2: able to stay in work or work an extra day

488
00:29:05,480 --> 00:29:09,680
Speaker 2: or two whilst keeping costs down for people. Free tape

489
00:29:09,760 --> 00:29:14,840
Speaker 2: is giving people skills that they need for their first

490
00:29:14,960 --> 00:29:18,160
Speaker 2: job as an apprentice or retraining for a new job,

491
00:29:19,040 --> 00:29:23,120
Speaker 2: whilst giving them cost of living relief. Our energy bill

492
00:29:23,160 --> 00:29:26,760
Speaker 2: relief has made a difference, putting that downward pressure at

493
00:29:26,760 --> 00:29:29,640
Speaker 2: a time where because of the Russian invasion of Ukraine

494
00:29:29,640 --> 00:29:33,040
Speaker 2: there's all the pressure the other way around. And importantly

495
00:29:33,080 --> 00:29:37,240
Speaker 2: as well, when you keep people in jobs, that has

496
00:29:37,240 --> 00:29:41,840
Speaker 2: an impact fiscal policy. To use the economic term, you're

497
00:29:41,880 --> 00:29:44,440
Speaker 2: getting more revenue because people are paying taxes rather than

498
00:29:44,480 --> 00:29:48,720
Speaker 2: you paying welfare to people. So we produced two budget

499
00:29:48,800 --> 00:29:54,640
Speaker 2: surpass and we've cut debt by some eighty billion dollars

500
00:29:55,760 --> 00:30:00,160
Speaker 2: as a direct result of what we have done. Now

501
00:30:00,000 --> 00:30:03,520
Speaker 2: now I'm really proud that we essentially have got those

502
00:30:03,560 --> 00:30:07,080
Speaker 2: measures right. It has been difficult, it's meant we haven't

503
00:30:07,080 --> 00:30:11,280
Speaker 2: been able to do everything that we could. But it

504
00:30:11,320 --> 00:30:15,280
Speaker 2: does mean that when something comes before the Cabinet or

505
00:30:15,360 --> 00:30:20,000
Speaker 2: before the Budget Committee which is called the Expenditure Review Committee,

506
00:30:20,480 --> 00:30:23,680
Speaker 2: we look at, okay, not just is this worthwhile, because

507
00:30:23,680 --> 00:30:27,800
Speaker 2: there's lots of worthwhile things. What impact will it have

508
00:30:28,160 --> 00:30:32,400
Speaker 2: on inflation? What impact will it have on jobs? And

509
00:30:32,440 --> 00:30:36,040
Speaker 2: the shorthand is what's the impact on people? And we

510
00:30:36,160 --> 00:30:40,640
Speaker 2: know that plation hurts the poor more. If you've got

511
00:30:40,880 --> 00:30:46,000
Speaker 2: less money in your pocket, then it has a bigger impact.

512
00:30:46,080 --> 00:30:51,520
Speaker 2: So we know that there's an equity issue here as well.

513
00:30:52,240 --> 00:30:54,760
Speaker 2: So I think we've got it. If you had have

514
00:30:54,800 --> 00:30:59,800
Speaker 2: said to me, would you take something where inflation was down,

515
00:31:00,920 --> 00:31:05,600
Speaker 2: employment was up, real wages were up, and you had

516
00:31:06,200 --> 00:31:11,600
Speaker 2: better fiscal policy, better budget outcomes, would you take all

517
00:31:11,600 --> 00:31:12,800
Speaker 2: of that? I'd say you better.

518
00:31:12,800 --> 00:31:15,760
Speaker 1: I would. But those things are rarely available.

519
00:31:16,240 --> 00:31:19,840
Speaker 2: Yeah, all at once, exactly, which is why it's remarkable

520
00:31:20,400 --> 00:31:25,080
Speaker 2: that we've been able to get to that point. Now,

521
00:31:25,400 --> 00:31:28,600
Speaker 2: we know that there's more to do, and we know

522
00:31:28,720 --> 00:31:31,400
Speaker 2: there are big challenges as well, and one of the

523
00:31:31,400 --> 00:31:35,760
Speaker 2: things that government has to do though is to deal

524
00:31:35,800 --> 00:31:39,480
Speaker 2: with immediate challenges that come before you that some of

525
00:31:39,520 --> 00:31:42,719
Speaker 2: which you're not expecting. No one was saying in the

526
00:31:42,760 --> 00:31:46,920
Speaker 2: twenty twenty two election that the land war in Europe

527
00:31:46,960 --> 00:31:50,040
Speaker 2: between Russia and Ukraine would still be going in twenty

528
00:31:50,120 --> 00:31:52,920
Speaker 2: twenty five, and that just wasn't what all the intelligence

529
00:31:53,040 --> 00:31:56,959
Speaker 2: was suggesting. So you've got to deal with those things

530
00:31:56,960 --> 00:32:02,080
Speaker 2: that have occurred, but always keep your eye on the

531
00:32:02,160 --> 00:32:04,040
Speaker 2: longer term. And one of the things I say is

532
00:32:04,080 --> 00:32:07,560
Speaker 2: that we're navigating turbulent seas, but you've got to keep

533
00:32:07,560 --> 00:32:10,280
Speaker 2: your eye on the horizon, which is what we've tried

534
00:32:10,320 --> 00:32:14,240
Speaker 2: to do with things like age care reform, the biggest

535
00:32:14,280 --> 00:32:18,960
Speaker 2: reform this century that we're delivering to make sure that

536
00:32:19,040 --> 00:32:22,120
Speaker 2: the system sustainable. And when we were elected it was

537
00:32:22,160 --> 00:32:26,640
Speaker 2: described with one word of neglect. So we had to

538
00:32:26,640 --> 00:32:29,840
Speaker 2: do that. Childcare reform, how do we make sure that

539
00:32:30,560 --> 00:32:35,880
Speaker 2: every child gets access to early learning if they choose

540
00:32:35,920 --> 00:32:39,040
Speaker 2: to do so, families decide to go down that road.

541
00:32:39,840 --> 00:32:44,240
Speaker 2: So always having our eye on those bigger reform things,

542
00:32:44,320 --> 00:32:50,880
Speaker 2: the longer term things. You can't build major infrastructure overnight.

543
00:32:51,720 --> 00:32:55,560
Speaker 2: Sometimes you need to make decisions that you won't get

544
00:32:55,600 --> 00:32:59,400
Speaker 2: to see the outcome of. That's important as well. While

545
00:32:59,400 --> 00:33:03,120
Speaker 2: you're dealing with those immediate pressures that you confront. It's

546
00:33:04,280 --> 00:33:05,880
Speaker 2: one of the big.

547
00:33:07,400 --> 00:33:10,240
Speaker 1: Cost of living issues, of course, is for those people

548
00:33:10,240 --> 00:33:14,880
Speaker 1: who borrowed during COVID period and borrowing it, yeah, one

549
00:33:14,880 --> 00:33:16,920
Speaker 1: point nine nine percent in some cases, but in other

550
00:33:16,920 --> 00:33:20,160
Speaker 1: cases two point one. They're now paying six percent a

551
00:33:20,160 --> 00:33:22,480
Speaker 1: lot of because they could borrow the intro was so low,

552
00:33:22,520 --> 00:33:24,320
Speaker 1: they could borrow a lot more than they can today

553
00:33:24,360 --> 00:33:28,000
Speaker 1: because they're assessed differently. Now they're paying a lot more money.

554
00:33:28,080 --> 00:33:30,120
Speaker 1: So a lot of people who have mortgages would be

555
00:33:30,120 --> 00:33:36,960
Speaker 1: saying to Prime Minister, my biggest cost of living outcome

556
00:33:37,040 --> 00:33:40,040
Speaker 1: is my mortgage payments, or someone who might be affected

557
00:33:40,080 --> 00:33:42,120
Speaker 1: by increases and rents as well. You're either renting or

558
00:33:42,160 --> 00:33:43,720
Speaker 1: you're paying a mortgage, one of the two, or you

559
00:33:43,800 --> 00:33:45,360
Speaker 1: might live in Mum and dad, but generallytween one of

560
00:33:45,360 --> 00:33:49,680
Speaker 1: the one of the other. And given that the reserve

561
00:33:49,720 --> 00:33:53,920
Speaker 1: being meats in maybe three February eighteen, February eighteen, correct,

562
00:33:54,120 --> 00:33:59,560
Speaker 1: very focused, very focused, and then the the half yearly

563
00:33:59,640 --> 00:34:02,600
Speaker 1: or the dece remember numbers half a year or yearly

564
00:34:02,720 --> 00:34:04,200
Speaker 1: numbers of some numbers are going to come out in

565
00:34:04,280 --> 00:34:07,440
Speaker 1: a couple of days from this interview. That is you

566
00:34:07,440 --> 00:34:11,239
Speaker 1: know inflation, growth, GDP, unemployment, et cetera.

567
00:34:13,800 --> 00:34:16,680
Speaker 2: Can you give us a sense of WED?

568
00:34:16,800 --> 00:34:19,399
Speaker 1: I mean, I know that they're independent and you don't

569
00:34:19,400 --> 00:34:21,359
Speaker 1: get to see the ABS stats before anybody else.

570
00:34:21,400 --> 00:34:23,160
Speaker 2: Everybody gets assume at the same time. I get all that.

571
00:34:23,840 --> 00:34:26,279
Speaker 1: But you know you're taught at a Reserve Bank. You

572
00:34:26,320 --> 00:34:29,640
Speaker 1: know you've got gym. There must be talking to Michelle Bullock,

573
00:34:30,520 --> 00:34:34,040
Speaker 1: the governor. You know, I know they're impentive. They must

574
00:34:34,080 --> 00:34:37,120
Speaker 1: be discussions. Are you getting a sense for Australians that

575
00:34:37,160 --> 00:34:40,040
Speaker 1: we're going to get some relief on interest rates soon? Well?

576
00:34:40,120 --> 00:34:44,399
Speaker 2: Certainly when you have interest rates, of course impacted by

577
00:34:44,440 --> 00:34:47,880
Speaker 2: inflation is a big driver correlate and when you have

578
00:34:48,600 --> 00:34:52,000
Speaker 2: inflation had a six in front of it when we

579
00:34:52,000 --> 00:34:54,080
Speaker 2: were elected, it's now got a two in front of it.

580
00:34:55,120 --> 00:34:58,440
Speaker 2: All of these different indicators of inflation, they're all heading

581
00:34:58,640 --> 00:35:00,960
Speaker 2: in the right direction. We'll wait and see what the

582
00:35:01,000 --> 00:35:03,600
Speaker 2: figures showed this week. There the quarterly figures come out,

583
00:35:03,680 --> 00:35:07,040
Speaker 2: but the month to month figures have been very good

584
00:35:07,080 --> 00:35:12,320
Speaker 2: and the last quarterly figures were good also, So we've

585
00:35:12,440 --> 00:35:15,360
Speaker 2: done in my view, we've done our bit. Now the

586
00:35:16,000 --> 00:35:20,799
Speaker 2: Reserve Bank are independent, but obviously people do want to

587
00:35:20,840 --> 00:35:26,440
Speaker 2: see a decrease, and it's something that we're doing our

588
00:35:26,520 --> 00:35:29,839
Speaker 2: bit to create the circumstances where the independent Reserve Bank

589
00:35:29,920 --> 00:35:31,799
Speaker 2: can say, right, can you argue the case?

590
00:35:32,040 --> 00:35:35,560
Speaker 1: Can you say listen, listen, Michelle, we get it, but

591
00:35:36,160 --> 00:35:38,719
Speaker 1: you know we looked at the numbers and everything's having

592
00:35:38,760 --> 00:35:39,360
Speaker 1: the right direction.

593
00:35:40,160 --> 00:35:42,200
Speaker 2: Do you get a chance to argue the case? No,

594
00:35:42,280 --> 00:35:46,360
Speaker 2: we don't. The Reserve Bank Board meets over a couple

595
00:35:46,360 --> 00:35:53,560
Speaker 2: of days and we're very important at keeping the line separate.

596
00:35:54,160 --> 00:35:59,000
Speaker 2: Of course, the Reserve Bank, I think I can say

597
00:35:59,040 --> 00:36:05,239
Speaker 2: this made a mistake when they said that the cash

598
00:36:05,360 --> 00:36:08,040
Speaker 2: rate would stay at point one until twenty twenty four.

599
00:36:08,120 --> 00:36:11,600
Speaker 2: That clearly wasn't the case. Yeah, it didn't happen. Interest

600
00:36:11,680 --> 00:36:14,879
Speaker 2: rates started to rise under the former government and then

601
00:36:15,000 --> 00:36:20,240
Speaker 2: kept rising. The inflation figures in that March twenty twenty

602
00:36:20,239 --> 00:36:23,720
Speaker 2: two quarter before we're elected were two point one percent

603
00:36:24,040 --> 00:36:27,160
Speaker 2: in that quarter, just one quarter. Now you multiply that

604
00:36:27,200 --> 00:36:30,760
Speaker 2: by four and you get a diabolical at the December

605
00:36:30,840 --> 00:36:35,239
Speaker 2: number seven point eight. So yeah, yeah, and then the

606
00:36:35,840 --> 00:36:39,440
Speaker 2: March twenty twenty two budget, of course, predicted a seventy

607
00:36:39,560 --> 00:36:43,120
Speaker 2: eight billion dollar surpass, a whole lot of cash splashes

608
00:36:44,080 --> 00:36:47,920
Speaker 2: involved in that the last budget of the former government.

609
00:36:47,920 --> 00:36:50,719
Speaker 2: Now we had to turn that around. We turned that

610
00:36:50,760 --> 00:36:53,960
Speaker 2: seventy eight billion dollar deficit into a twenty two billion

611
00:36:53,960 --> 00:36:58,200
Speaker 2: dollar surplus. That was hard work and Jim Charmers and

612
00:36:58,360 --> 00:37:01,400
Speaker 2: Katie Gallaher the Financeman, did deserve a lot of the

613
00:37:01,440 --> 00:37:06,080
Speaker 2: credit for that. A lot of hard work was done

614
00:37:06,200 --> 00:37:11,200
Speaker 2: to make sure that we turned around the ship, if

615
00:37:11,239 --> 00:37:16,040
Speaker 2: you like, to make sure that government budget policy was

616
00:37:16,080 --> 00:37:20,080
Speaker 2: taking pressure off inflation, not putting it on, and that

617
00:37:20,239 --> 00:37:24,319
Speaker 2: has shown up in the fact that you've had that

618
00:37:24,560 --> 00:37:29,320
Speaker 2: fall in inflation down to having a two in front

619
00:37:29,320 --> 00:37:32,240
Speaker 2: of it. We await there'll be a lot of attention

620
00:37:33,080 --> 00:37:38,680
Speaker 2: on the figures, but I certainly understand how important this

621
00:37:38,920 --> 00:37:45,399
Speaker 2: is for people because people tell me. And also when

622
00:37:45,440 --> 00:37:49,600
Speaker 2: you look at the consumer confidence as well. One of

623
00:37:49,640 --> 00:37:52,160
Speaker 2: the things that gives me heart is all of the

624
00:37:52,160 --> 00:37:55,080
Speaker 2: big four banks and others as well do There's an

625
00:37:55,200 --> 00:38:00,680
Speaker 2: Central survey yesterday that speak about do people think things

626
00:38:00,760 --> 00:38:04,280
Speaker 2: are going to get better? And that has turned around

627
00:38:04,320 --> 00:38:09,040
Speaker 2: remarkably in twenty twenty five. Yeah, it's very positive. Some

628
00:38:09,120 --> 00:38:12,120
Speaker 2: of that might be coming out of the summer. Australians

629
00:38:12,160 --> 00:38:15,920
Speaker 2: tend to be more upbeat and it's a great place

630
00:38:15,960 --> 00:38:18,000
Speaker 2: to be of course at this time of the year,

631
00:38:18,600 --> 00:38:23,319
Speaker 2: but also I think people can see the difference that

632
00:38:23,560 --> 00:38:26,480
Speaker 2: it is making. And one of the things that's made

633
00:38:26,520 --> 00:38:31,640
Speaker 2: a real difference as well this time last year I

634
00:38:31,640 --> 00:38:34,680
Speaker 2: went along to the National Press Club and announced what

635
00:38:34,840 --> 00:38:37,160
Speaker 2: I think the guts is call I've made as Prime

636
00:38:37,200 --> 00:38:40,279
Speaker 2: Minister to say, the tax cuts that we're going to

637
00:38:40,880 --> 00:38:46,560
Speaker 2: benefit primarily people like ourselves, we're going to change that

638
00:38:46,840 --> 00:38:49,080
Speaker 2: and we're going to make sure that everyone gets a crack.

639
00:38:49,880 --> 00:38:53,880
Speaker 2: Every Australian taxpayer gets a tax cut, and we did that.

640
00:38:53,960 --> 00:38:57,239
Speaker 2: It was criticized massively at the time, but it was

641
00:38:57,280 --> 00:39:00,320
Speaker 2: the right thing to do. And what that has done,

642
00:39:00,680 --> 00:39:06,160
Speaker 2: together with wages now increasing more than inflation, is it

643
00:39:06,239 --> 00:39:10,239
Speaker 2: means more dollars in people's pockets at a time when

644
00:39:10,239 --> 00:39:11,319
Speaker 2: they have needed it.

645
00:39:11,760 --> 00:39:11,960
Speaker 1: Now.

646
00:39:12,000 --> 00:39:16,200
Speaker 2: Has that solved all of the issues? No, people still

647
00:39:16,280 --> 00:39:20,600
Speaker 2: under pressure. Yes, but it has made a positive difference.

648
00:39:20,640 --> 00:39:24,759
Speaker 2: And have we not done that, then people would have

649
00:39:24,840 --> 00:39:29,760
Speaker 2: been worse off at the time that we're speaking right now.

650
00:39:29,920 --> 00:39:31,600
Speaker 2: So if.

651
00:39:33,960 --> 00:39:35,799
Speaker 1: I know you can't say this because you don't know,

652
00:39:36,160 --> 00:39:40,120
Speaker 1: but and you don't have any inside information, I get

653
00:39:40,160 --> 00:39:41,160
Speaker 1: it because you know that.

654
00:39:41,040 --> 00:39:44,000
Speaker 2: They're an independent body. But what do you reckon? You

655
00:39:44,040 --> 00:39:46,040
Speaker 2: reckon the very we're going to get a reproduction.

656
00:39:47,440 --> 00:39:49,319
Speaker 1: By the way, anybody says you do, go betting on

657
00:39:49,360 --> 00:39:50,640
Speaker 1: this on the stop or wherever it is.

658
00:39:50,680 --> 00:39:53,320
Speaker 2: But I mean, how do you feel you can't even

659
00:39:53,360 --> 00:39:56,600
Speaker 2: speculate on it. What I can say is that the

660
00:39:56,840 --> 00:40:00,239
Speaker 2: inflationary situation is a lot better than the way that

661
00:40:00,280 --> 00:40:05,960
Speaker 2: we inherited. And so we know that people are under

662
00:40:05,960 --> 00:40:14,399
Speaker 2: pressure becurse of interest rate increasing, particularly people who made

663
00:40:14,400 --> 00:40:19,360
Speaker 2: a decision based upon advice, yeah, following the RBA governor

664
00:40:19,480 --> 00:40:24,160
Speaker 2: at the time. And you know, we've done what we

665
00:40:24,239 --> 00:40:29,640
Speaker 2: can to turn that around, and we've done that while

666
00:40:29,680 --> 00:40:34,000
Speaker 2: keeping the economy growing as well. So interest rates, by

667
00:40:34,000 --> 00:40:37,920
Speaker 2: the way, have started to decrease in the United States,

668
00:40:37,960 --> 00:40:42,440
Speaker 2: in Canada, ZEI, in New Zealand, but they're still higher

669
00:40:42,480 --> 00:40:45,040
Speaker 2: than they are here in most of those places.

670
00:40:45,239 --> 00:40:45,439
Speaker 1: Yeah.

671
00:40:45,480 --> 00:40:50,040
Speaker 2: So, and because they went much higher because inflation was worse,

672
00:40:50,480 --> 00:40:52,279
Speaker 2: and they also started putting the rates up a lot

673
00:40:52,320 --> 00:40:56,920
Speaker 2: earlier than Yeah, that's right. We clearly, I think that

674
00:40:57,920 --> 00:41:02,120
Speaker 2: without without being critical of course, of the Reserve Bank.

675
00:41:02,800 --> 00:41:06,320
Speaker 2: Quite clearly, if you look at what was happening around

676
00:41:06,960 --> 00:41:12,359
Speaker 2: the world. Our interest rates stayed at that point one

677
00:41:13,000 --> 00:41:17,520
Speaker 2: level for a long longer than they were overseas, even

678
00:41:17,760 --> 00:41:23,000
Speaker 2: though inflation was rising, including here in Australia.

679
00:41:23,520 --> 00:41:27,320
Speaker 1: So if we just talk about cost living and obviously

680
00:41:27,320 --> 00:41:29,800
Speaker 1: and a big cost living item is rent, and rent

681
00:41:29,840 --> 00:41:33,319
Speaker 1: comes down the amount of rent someone can charge comes

682
00:41:33,360 --> 00:41:35,800
Speaker 1: down to the amount of Probably that comes down to

683
00:41:35,800 --> 00:41:36,880
Speaker 1: the supplying demand game.

684
00:41:37,480 --> 00:41:38,560
Speaker 2: There's a lot of demand.

685
00:41:38,680 --> 00:41:42,000
Speaker 1: We've had a fairly big growth in terms of immigration

686
00:41:42,200 --> 00:41:46,000
Speaker 1: or a strains of population, generally largely driven by immigration,

687
00:41:48,000 --> 00:41:50,840
Speaker 1: relative to the amount of properties that are available for rent,

688
00:41:51,880 --> 00:41:55,240
Speaker 1: and landlords of probably paying higher and interest rate anyway

689
00:41:55,239 --> 00:41:57,479
Speaker 1: on their mortgage, so they've had to put the rent

690
00:41:57,560 --> 00:42:00,200
Speaker 1: up because they could. There's a lot of people out

691
00:42:00,200 --> 00:42:02,200
Speaker 1: they're doing it tough when it comes to the rental

692
00:42:02,680 --> 00:42:05,040
Speaker 1: and it seems to be the only solution for that

693
00:42:05,440 --> 00:42:11,160
Speaker 1: has to be more housing. Correct affordabilities correlated to the

694
00:42:11,200 --> 00:42:13,600
Speaker 1: amount of supply of property relatives the amount of demand

695
00:42:13,600 --> 00:42:16,280
Speaker 1: for the property. And you did announce or the government

696
00:42:16,280 --> 00:42:19,680
Speaker 1: your government announced maybe a year or so ago. Because

697
00:42:19,680 --> 00:42:21,440
Speaker 1: I remember was at the AFI property someone I was

698
00:42:21,440 --> 00:42:24,480
Speaker 1: one of the speakers and they talked about the I

699
00:42:24,520 --> 00:42:27,520
Speaker 1: think it was one point two million new homes over

700
00:42:27,600 --> 00:42:28,960
Speaker 1: a period of five years.

701
00:42:29,000 --> 00:42:30,840
Speaker 2: I think up to twenty thirty.

702
00:42:31,000 --> 00:42:35,040
Speaker 1: Up to twenty thirty. Okay, so it's not tracking great.

703
00:42:37,080 --> 00:42:39,040
Speaker 1: What do you think about that? So, because what are

704
00:42:39,040 --> 00:42:41,319
Speaker 1: you going to say to Australians who you know, thinking

705
00:42:41,320 --> 00:42:44,480
Speaker 1: about voting fans and Albernizi or his party, what are

706
00:42:44,480 --> 00:42:46,319
Speaker 1: you going to say to them in terms of where

707
00:42:46,360 --> 00:42:49,279
Speaker 1: you think rents are going to go? Well, we think

708
00:42:49,360 --> 00:42:54,279
Speaker 1: that the latest figures show much improved situation in terms

709
00:42:54,320 --> 00:42:59,480
Speaker 1: of supply with rents rents in other words, compared with

710
00:42:59,560 --> 00:43:01,719
Speaker 1: what was going on.

711
00:43:01,880 --> 00:43:03,480
Speaker 2: Supply is the key, So.

712
00:43:03,440 --> 00:43:06,759
Speaker 1: I might just just put it in context as a

713
00:43:06,800 --> 00:43:10,920
Speaker 1: Prime minister, what you're saying is the rate of growth

714
00:43:11,040 --> 00:43:14,719
Speaker 1: of rents is not growing at the same pace it

715
00:43:14,760 --> 00:43:17,200
Speaker 1: has been growing over the past couple of years. But

716
00:43:17,239 --> 00:43:20,759
Speaker 1: nonetheless it has grown quite a lot, absolutely relative to

717
00:43:20,760 --> 00:43:23,320
Speaker 1: wages for it, absolutely and that's put pressure on people.

718
00:43:23,480 --> 00:43:29,319
Speaker 2: That's why we've had the two increases of rent assistance

719
00:43:29,360 --> 00:43:32,320
Speaker 2: in the last two budgets that have increased rent assistance

720
00:43:32,360 --> 00:43:35,640
Speaker 2: by forty five percent. Is what we have done as

721
00:43:35,719 --> 00:43:39,200
Speaker 2: means tests to that. Yes, it is, but for the

722
00:43:39,280 --> 00:43:42,160
Speaker 2: most vulnerable. But that's why. Also we've got our thirty

723
00:43:42,160 --> 00:43:46,080
Speaker 2: two billion dollar Homes for Australia plan. So this morning

724
00:43:46,120 --> 00:43:49,480
Speaker 2: two elements of that. This morning I was in Paramatter

725
00:43:50,400 --> 00:43:54,040
Speaker 2: announced fifty eight million dollars of projects in New South Wales.

726
00:43:54,160 --> 00:44:00,319
Speaker 2: It's about infrastructure that facilitates housing being built, so reach

727
00:44:01,760 --> 00:44:08,839
Speaker 2: transport corridors, energy connections as well. That will result or

728
00:44:09,040 --> 00:44:13,000
Speaker 2: help for twenty five thousand additional homes to be built.

729
00:44:13,040 --> 00:44:16,480
Speaker 1: In other words, developers can see they should go and

730
00:44:16,560 --> 00:44:18,680
Speaker 1: build more housing there because the infrastructure.

731
00:44:18,320 --> 00:44:23,760
Speaker 2: Because the infrastructures there. But also we have had three

732
00:44:23,920 --> 00:44:30,240
Speaker 2: major elements. One increased funding for social and affordable housing,

733
00:44:30,880 --> 00:44:35,520
Speaker 2: so our Housing Australia Future Fund today was also then

734
00:44:35,560 --> 00:44:40,160
Speaker 2: after Paramatta, I was Americal. Sixty one new homes which

735
00:44:40,360 --> 00:44:45,680
Speaker 2: are either social housing or affordable housing for essential workers

736
00:44:45,760 --> 00:44:50,560
Speaker 2: been done by Saint George's Community Housing. Amazing medium density development,

737
00:44:51,239 --> 00:44:55,080
Speaker 2: real quality in places where there were three terrace houses,

738
00:44:55,400 --> 00:44:59,320
Speaker 2: so you're not three over you built sixty one. Chris

739
00:44:59,360 --> 00:45:04,919
Speaker 2: Mins is doing I think a great job in addressing

740
00:45:05,120 --> 00:45:09,120
Speaker 2: in a real way with people the honest truth, which

741
00:45:09,160 --> 00:45:12,960
Speaker 2: is we need more density. That doesn't mean inappropriate development

742
00:45:13,360 --> 00:45:18,560
Speaker 2: means quality development, medium density where it is appropriate, and

743
00:45:18,760 --> 00:45:22,680
Speaker 2: this housing development. I was at today's Addison Road Miracle

744
00:45:23,280 --> 00:45:25,360
Speaker 2: crossed the road just about from the VIC on the

745
00:45:25,400 --> 00:45:30,640
Speaker 2: Park Hotel, next to bus line you can walk to

746
00:45:31,000 --> 00:45:36,520
Speaker 2: a train line close to all amenity. The people there

747
00:45:36,560 --> 00:45:41,600
Speaker 2: were wrapped. I met Lucy who has two kids. She

748
00:45:41,840 --> 00:45:45,839
Speaker 2: has suffered from having to move every year as a

749
00:45:45,840 --> 00:45:48,919
Speaker 2: private renter. She now has the security of a roof

750
00:45:49,000 --> 00:45:52,120
Speaker 2: over her head that is permanent and she was just

751
00:45:52,360 --> 00:45:56,480
Speaker 2: her life had been changed by this and that is important.

752
00:45:56,840 --> 00:46:00,320
Speaker 2: But secondly as well, our build to rent schemes. It

753
00:46:00,480 --> 00:46:04,080
Speaker 2: was delayed in the Senate. How do you give incentives

754
00:46:04,120 --> 00:46:08,760
Speaker 2: to property developers to build private rentals? And we worked

755
00:46:08,760 --> 00:46:12,800
Speaker 2: on that with the Property Council, with the master builders

756
00:46:12,840 --> 00:46:15,640
Speaker 2: and others to make sure that we got that right.

757
00:46:15,760 --> 00:46:19,560
Speaker 2: That passed the Senate finally was held up over a

758
00:46:19,600 --> 00:46:25,520
Speaker 2: period of time. So that's important. So social housing, private rentals,

759
00:46:25,560 --> 00:46:29,360
Speaker 2: but also home ownership. Now one element of that is

760
00:46:29,360 --> 00:46:33,040
Speaker 2: getting interest rates down, getting inflation down. The other element

761
00:46:33,400 --> 00:46:36,640
Speaker 2: is our help to buy scheme that will help forty

762
00:46:36,719 --> 00:46:41,239
Speaker 2: thousand people through shared equity. So instead of to put

763
00:46:41,239 --> 00:46:48,319
Speaker 2: it simplistically, if you have a property that's worth a

764
00:46:48,400 --> 00:46:55,960
Speaker 2: million dollars, but some of that shared equity or ownership

765
00:46:56,000 --> 00:47:01,240
Speaker 2: as owned by the government twenty percent you've been seems

766
00:47:01,880 --> 00:47:04,560
Speaker 2: then you borrow you have to borrow less. You just

767
00:47:04,560 --> 00:47:08,719
Speaker 2: need a two percent deposit and if you want it,

768
00:47:08,760 --> 00:47:12,040
Speaker 2: either the government gets its return back when the property's sold,

769
00:47:12,880 --> 00:47:17,080
Speaker 2: or you can buy back the government's share if you're

770
00:47:17,160 --> 00:47:19,439
Speaker 2: in a financial position to do so. Down the track.

771
00:47:19,480 --> 00:47:23,640
Speaker 2: Now that's operated really successfully in Western Australia since the

772
00:47:23,719 --> 00:47:27,920
Speaker 2: nineteen seventies, so we think there are a range of

773
00:47:28,280 --> 00:47:32,439
Speaker 2: solutions to this. You can't click your fingers and solve

774
00:47:32,480 --> 00:47:35,080
Speaker 2: it overnight. You've got to be honest with people. But

775
00:47:35,200 --> 00:47:40,520
Speaker 2: that's why that infrastructure development is important. Supporting home ownerships important,

776
00:47:40,960 --> 00:47:47,480
Speaker 2: but also private and public rentals as well is absolutely critical.

777
00:47:47,560 --> 00:47:51,320
Speaker 2: But it's all about supply, which is why we're working

778
00:47:51,360 --> 00:47:55,160
Speaker 2: cooperatively with state and territory governments. So we've put a

779
00:47:55,239 --> 00:47:59,160
Speaker 2: target for each of the state and territory governments, a

780
00:47:59,200 --> 00:48:02,600
Speaker 2: pot of money the end and incentive if they reach

781
00:48:02,680 --> 00:48:06,680
Speaker 2: their targets, they get the share of the billions of

782
00:48:06,719 --> 00:48:10,080
Speaker 2: dollars that were put on the table from the corn Wealth.

783
00:48:10,280 --> 00:48:13,160
Speaker 1: Because Harry Triggabov was sitting right in the very Chara

784
00:48:13,280 --> 00:48:16,640
Speaker 1: and just for Christmas launching his new book, A great guy,

785
00:48:16,719 --> 00:48:20,359
Speaker 1: Harry Work Australia's Icons. And I said to Harry, like,

786
00:48:20,640 --> 00:48:23,040
Speaker 1: how do we solve this problem? He just said, you've

787
00:48:23,040 --> 00:48:27,960
Speaker 1: got to talk to all gunners, premiers, prime ministers and mayors.

788
00:48:28,239 --> 00:48:28,520
Speaker 2: Yeah.

789
00:48:28,560 --> 00:48:31,360
Speaker 1: Absolutely, And he said, we just need more property and

790
00:48:31,719 --> 00:48:33,520
Speaker 1: we need more high rise He said, because we don't

791
00:48:33,560 --> 00:48:36,279
Speaker 1: have enough land, you can't just keep building houses with it.

792
00:48:36,320 --> 00:48:38,440
Speaker 1: We'd all love to have a house. Everyone wants to

793
00:48:38,480 --> 00:48:41,000
Speaker 1: back out, everyone would love that. But like given Australia's

794
00:48:41,280 --> 00:48:44,840
Speaker 1: topography and geography, it's a difficult thing to do. We

795
00:48:45,000 --> 00:48:48,359
Speaker 1: just got to have more density. And Harry is sort

796
00:48:48,360 --> 00:48:51,040
Speaker 1: of somewhat exasperated in major cities like the Sydney. He

797
00:48:51,040 --> 00:48:54,280
Speaker 1: doesn't do any in Melbourne, not a lot in prison anymore.

798
00:48:54,440 --> 00:48:58,440
Speaker 1: But he loves a Gold Coast because there is a

799
00:48:58,560 --> 00:49:05,120
Speaker 1: council there, big council that is pro development. Is it

800
00:49:05,239 --> 00:49:13,280
Speaker 1: frustrating as Prime minister two have to navigate all the

801
00:49:13,320 --> 00:49:18,040
Speaker 1: agendas at the other levels of government, which actually the

802
00:49:18,040 --> 00:49:20,759
Speaker 1: ones ultimately prove things, you know, right down to the

803
00:49:20,800 --> 00:49:25,439
Speaker 1: city council here in Sydney for example. You know it's

804
00:49:25,719 --> 00:49:29,279
Speaker 1: you know, our mayor city mayor gets voted and on

805
00:49:29,320 --> 00:49:33,560
Speaker 1: a certain mandate and her electorate says, we like what

806
00:49:33,640 --> 00:49:36,239
Speaker 1: we currently got, we don't want anymore. So she's got

807
00:49:36,239 --> 00:49:38,799
Speaker 1: to do what the electorate says. But it may not

808
00:49:38,880 --> 00:49:42,359
Speaker 1: necessarily be what you would like to see or what

809
00:49:42,440 --> 00:49:46,640
Speaker 1: Chris Mins would like to see. Therefore, that sort of

810
00:49:47,040 --> 00:49:50,200
Speaker 1: it's a bit like the interest rate discussion. You know,

811
00:49:50,239 --> 00:49:51,799
Speaker 1: you've got too many factors, You've got to try and

812
00:49:51,840 --> 00:49:53,319
Speaker 1: weigh out, too many people you've.

813
00:49:53,239 --> 00:49:54,200
Speaker 2: Got to please.

814
00:49:55,080 --> 00:49:58,480
Speaker 1: Is there a sort of a defect in our process

815
00:49:58,520 --> 00:50:01,680
Speaker 1: in Australia that, you know, unlike America somebody that just

816
00:50:01,680 --> 00:50:04,279
Speaker 1: put out executive orders, the PM has to sort of

817
00:50:04,280 --> 00:50:05,720
Speaker 1: play the game with every level.

818
00:50:05,920 --> 00:50:07,239
Speaker 2: And it happened during COVID.

819
00:50:07,000 --> 00:50:10,520
Speaker 1: Too, and it's happening right now with the problem with

820
00:50:10,560 --> 00:50:13,760
Speaker 1: the anti semitism. You have to cook last night, yesterday

821
00:50:13,760 --> 00:50:17,800
Speaker 1: afternoon you called everybody in let's have a national discussion

822
00:50:17,840 --> 00:50:18,279
Speaker 1: about this.

823
00:50:19,160 --> 00:50:24,480
Speaker 2: Is that frustrating. Look, if you're designing Australia again, I

824
00:50:24,480 --> 00:50:27,120
Speaker 2: don't think you'd have three tiers of government. My idea

825
00:50:27,200 --> 00:50:30,960
Speaker 2: would be two tiers commalth government, national government and a

826
00:50:31,000 --> 00:50:33,840
Speaker 2: regional government. But it is what it is. You have

827
00:50:33,920 --> 00:50:38,000
Speaker 2: to deal with it. But you do get different responses

828
00:50:38,040 --> 00:50:42,560
Speaker 2: as well. Years ago there's a development in Merrickville right

829
00:50:42,600 --> 00:50:46,680
Speaker 2: on the station, Revolution apartments. It's in the old Merrickvil

830
00:50:47,120 --> 00:50:49,839
Speaker 2: RSL site and I had a group of people come

831
00:50:49,880 --> 00:50:54,200
Speaker 2: to see me and they were totally hostile to the

832
00:50:54,280 --> 00:51:00,319
Speaker 2: development and I said to them, what better location is

833
00:51:00,400 --> 00:51:06,200
Speaker 2: there for medium density? I think it's probably six or

834
00:51:06,239 --> 00:51:11,120
Speaker 2: seven stories high and they got additional apartments allowed by

835
00:51:11,239 --> 00:51:17,400
Speaker 2: having some affordable housing development in there. Importantly, they don't

836
00:51:17,440 --> 00:51:20,560
Speaker 2: need a car space for every flat because it's right

837
00:51:20,600 --> 00:51:25,480
Speaker 2: on Merrickvil station, so let's cars. That's right on Iluoira

838
00:51:25,600 --> 00:51:31,319
Speaker 2: Road there. And they said to me, you have to

839
00:51:31,400 --> 00:51:35,000
Speaker 2: represent our views as a local member, as the local member,

840
00:51:35,040 --> 00:51:38,560
Speaker 2: and I said, I disagree with you. I support this development.

841
00:51:39,400 --> 00:51:42,960
Speaker 2: I support it as well. There's another side of Mervak

842
00:51:43,040 --> 00:51:48,040
Speaker 2: development which is one awards on the corner of Merrickle

843
00:51:48,120 --> 00:51:53,479
Speaker 2: Road and Livingston for the library there, which is one

844
00:51:54,560 --> 00:51:59,440
Speaker 2: Australia's Best Building awards. So you had it was the

845
00:51:59,440 --> 00:52:05,399
Speaker 2: old Merckle Hospital site. You had appropriate development as it's

846
00:52:05,440 --> 00:52:07,359
Speaker 2: on a hill, so as you go down. They got

847
00:52:07,400 --> 00:52:10,120
Speaker 2: extra height so it measures to save at the top

848
00:52:10,200 --> 00:52:13,799
Speaker 2: and it's higher the further down the hill you go.

849
00:52:14,400 --> 00:52:18,360
Speaker 2: It's got some open space, it's got a community facility

850
00:52:18,400 --> 00:52:22,080
Speaker 2: with a new fantastic library for America, with a coffee

851
00:52:22,080 --> 00:52:29,000
Speaker 2: shop underneath. It's an awesome development. Again without being two

852
00:52:29,040 --> 00:52:33,840
Speaker 2: party political. The Greens party on the council have opposed

853
00:52:34,200 --> 00:52:39,080
Speaker 2: any development and what that will do as well is

854
00:52:39,160 --> 00:52:44,560
Speaker 2: change the character of the area. My area is gentrifying,

855
00:52:44,840 --> 00:52:50,280
Speaker 2: as inner areas are, and you need to have a mix,

856
00:52:50,400 --> 00:52:54,480
Speaker 2: a social mix as well in terms of incomes. That's

857
00:52:54,520 --> 00:52:58,080
Speaker 2: why today's development I think we're so exciting having sixty

858
00:52:58,080 --> 00:53:05,880
Speaker 2: one units, but some of them for local nurses essential

859
00:53:05,960 --> 00:53:10,440
Speaker 2: workers as well. You get that mix there. That's important

860
00:53:10,960 --> 00:53:16,680
Speaker 2: and I think that you can have courage from mayors.

861
00:53:16,719 --> 00:53:21,120
Speaker 2: You've got courage from Chris Mins showing leadership in New

862
00:53:21,200 --> 00:53:25,200
Speaker 2: South Wales as well, and I as the national leader

863
00:53:25,920 --> 00:53:32,560
Speaker 2: support appropriate development. You look at Paramata where I was today,

864
00:53:33,440 --> 00:53:36,520
Speaker 2: that has been transformed. Part of that is quite high

865
00:53:36,520 --> 00:53:41,040
Speaker 2: density but amazing living. You'll have the people there will

866
00:53:41,080 --> 00:53:45,520
Speaker 2: have access to amazing restaurants, a heavy rail line, a

867
00:53:45,640 --> 00:53:50,239
Speaker 2: light rail line, buses and the New Metro the next

868
00:53:50,280 --> 00:53:53,920
Speaker 2: to Paramatta Stadium to go to events. They've got the

869
00:53:54,000 --> 00:53:58,799
Speaker 2: Riverside Theater like that community has been developed in a

870
00:53:58,880 --> 00:54:04,600
Speaker 2: way that has just lifted up the livability of that

871
00:54:04,800 --> 00:54:10,799
Speaker 2: city of Paramatta. And it's meant that big businesses, the

872
00:54:11,040 --> 00:54:15,640
Speaker 2: ASX big businesses are locating there and that's a good thing.

873
00:54:15,719 --> 00:54:19,320
Speaker 2: That means jobs in that community as well an investment.

874
00:54:20,480 --> 00:54:22,360
Speaker 2: I'm getting around because I know you're on type of schedule,

875
00:54:22,480 --> 00:54:25,640
Speaker 2: but one thing we have to discuss what I'd like

876
00:54:25,680 --> 00:54:27,080
Speaker 2: to discuss if possible.

877
00:54:27,000 --> 00:54:29,040
Speaker 1: And you can give it as much time as you

878
00:54:29,280 --> 00:54:36,200
Speaker 1: think appropriate, but the anti Semitism that's currently out there

879
00:54:36,200 --> 00:54:37,920
Speaker 1: at the moment, and you know, we've seen quite a

880
00:54:38,000 --> 00:54:44,080
Speaker 1: number of events, fires, graffiti, but something people are now

881
00:54:44,120 --> 00:54:47,040
Speaker 1: starting to push in to say, look, this is nearly terrorism.

882
00:54:47,400 --> 00:54:49,680
Speaker 2: Nearly. I mean I don't know what the actual definition

883
00:54:49,719 --> 00:54:50,400
Speaker 2: of terrorism is.

884
00:54:51,000 --> 00:54:52,880
Speaker 1: And they a lot of people putting a lot of

885
00:54:52,880 --> 00:54:59,400
Speaker 1: pressure on you, Prime Minister to be more reactive, perhaps

886
00:54:59,600 --> 00:55:02,280
Speaker 1: in real lifeation to what's going on, particularly the suburbs

887
00:55:02,320 --> 00:55:06,319
Speaker 1: of Sydney and rubert in South Sydney for that matter.

888
00:55:08,400 --> 00:55:10,120
Speaker 1: What do you make of what's going on? I mean,

889
00:55:10,360 --> 00:55:12,759
Speaker 1: I can't believe this is actually happening. But what do

890
00:55:12,800 --> 00:55:13,359
Speaker 1: you make now?

891
00:55:13,840 --> 00:55:18,640
Speaker 2: It's horrific and what we're seeing is crimes committed, and

892
00:55:18,840 --> 00:55:24,440
Speaker 2: in some cases, of course, the state police designate these issues,

893
00:55:24,480 --> 00:55:29,600
Speaker 2: like the attack on the synagogue was in Melbourne was

894
00:55:30,040 --> 00:55:34,680
Speaker 2: a terrorist act. And the idea yesterday morning having to

895
00:55:34,719 --> 00:55:39,759
Speaker 2: go waking up and having to go to a childcare

896
00:55:39,840 --> 00:55:45,600
Speaker 2: center for goodness sake that had been targeted with an

897
00:55:45,680 --> 00:55:53,719
Speaker 2: offensive racist slogan, but with a fire being lit, is

898
00:55:54,920 --> 00:55:58,799
Speaker 2: you just you know, you shake your head and just

899
00:55:59,719 --> 00:56:03,000
Speaker 2: you know. I got on the text message yesterday morning

900
00:56:03,120 --> 00:56:07,120
Speaker 2: very early. I had to read it a few times

901
00:56:07,280 --> 00:56:10,919
Speaker 2: just to come to terms with it, because it's hard

902
00:56:10,960 --> 00:56:17,080
Speaker 2: to comprehend what takes someone to engage in that barbaric act.

903
00:56:17,840 --> 00:56:24,560
Speaker 2: Now we have acted from before the Opera House demonstration.

904
00:56:24,760 --> 00:56:27,440
Speaker 2: I was on radio calling for that not to go ahead.

905
00:56:28,480 --> 00:56:33,720
Speaker 2: We are a harmonious society, so we've taken a range

906
00:56:33,760 --> 00:56:38,719
Speaker 2: of actions, from legislating outlaw Nazi symbols and hate symbols,

907
00:56:39,680 --> 00:56:43,400
Speaker 2: to setting up a special Envoy on anti Semitism, to

908
00:56:43,560 --> 00:56:49,520
Speaker 2: providing increased support for security around places of worship and

909
00:56:49,600 --> 00:56:54,920
Speaker 2: schools and other community organizations, to setting up a national

910
00:56:55,000 --> 00:56:59,960
Speaker 2: student on Budsman as well. We have established Operation Avalite

911
00:57:00,160 --> 00:57:04,200
Speaker 2: at a national level to make sure there's coordination between

912
00:57:04,760 --> 00:57:10,560
Speaker 2: the Commonwealth as in the Australian Federal Police with state

913
00:57:10,600 --> 00:57:15,799
Speaker 2: police jurisdictions and our intelligence agencies including Asia. Now the

914
00:57:15,840 --> 00:57:23,520
Speaker 2: Australian Federal Police Commissioner yesterday made public information that some

915
00:57:23,560 --> 00:57:28,320
Speaker 2: of this it would appear that evidence is there clearly

916
00:57:29,400 --> 00:57:34,760
Speaker 2: that some of this is people being paid. That is criminal.

917
00:57:34,760 --> 00:57:40,080
Speaker 2: Element's not the people engage in activity, having a motivation

918
00:57:40,720 --> 00:57:48,720
Speaker 2: themselves essentially being paid. Criminals being paid to undertake these crimes,

919
00:57:48,760 --> 00:57:53,000
Speaker 2: these activities by people in Australia or foreign actors. It's

920
00:57:53,040 --> 00:57:56,600
Speaker 2: not clear. Potentially, what they've said is that our intelligence

921
00:57:56,640 --> 00:58:01,760
Speaker 2: agencies are also looking at the potential that there are

922
00:58:01,800 --> 00:58:06,600
Speaker 2: foreign actors involved. Now there's an ongoing investigation. I've been

923
00:58:06,640 --> 00:58:11,520
Speaker 2: briefed about those issues and briefed. I received a daily

924
00:58:11,560 --> 00:58:15,960
Speaker 2: brief and intelligence briefing of course on issues across the board,

925
00:58:16,800 --> 00:58:21,440
Speaker 2: but also we've had specific briefings and National Security Committee

926
00:58:21,440 --> 00:58:24,440
Speaker 2: have met about this. I've met with as well the

927
00:58:24,480 --> 00:58:30,600
Speaker 2: input of the heads of State polices importantly as well.

928
00:58:30,800 --> 00:58:33,800
Speaker 2: More information has been put out there over the last

929
00:58:33,800 --> 00:58:37,600
Speaker 2: twenty four hours that I think is important. Yesterday I

930
00:58:37,720 --> 00:58:43,040
Speaker 2: stood with Premier mins after visiting the childcare center in

931
00:58:43,240 --> 00:58:48,200
Speaker 2: Arubra and the Acting Police Commissioner went through the details.

932
00:58:48,440 --> 00:58:53,680
Speaker 2: Forty people have been charged over any Semitic incidents. Many

933
00:58:53,760 --> 00:58:58,960
Speaker 2: of them people who have been charged with serious crimes

934
00:59:00,120 --> 00:59:04,360
Speaker 2: have been so they've been arrested, charged, they're in the

935
00:59:04,400 --> 00:59:07,920
Speaker 2: clink because they've been denied bail good and another one

936
00:59:08,560 --> 00:59:13,480
Speaker 2: that has happened just today, just this morning, that is

937
00:59:13,840 --> 00:59:18,520
Speaker 2: strong action has being taken now because with police investigations

938
00:59:18,680 --> 00:59:21,960
Speaker 2: sometimes you don't want all the information being out there

939
00:59:21,960 --> 00:59:27,240
Speaker 2: and therefore undermining the success of operations. But the operations

940
00:59:27,280 --> 00:59:31,280
Speaker 2: are underway. I can say very firmly that I'm confident,

941
00:59:31,360 --> 00:59:34,840
Speaker 2: as are the police and authorities, that these people will

942
00:59:34,840 --> 00:59:38,040
Speaker 2: be caught, they will be charged, they will be prosecuted

943
00:59:38,080 --> 00:59:40,480
Speaker 2: to the full force of the law, and that is

944
00:59:40,520 --> 00:59:42,440
Speaker 2: what we need to do. But we need to do

945
00:59:42,520 --> 00:59:46,560
Speaker 2: something else as well. We need to reinforce the need

946
00:59:46,720 --> 00:59:52,200
Speaker 2: for social harmony and to bring Australians together. One of

947
00:59:52,240 --> 00:59:56,520
Speaker 2: the concerns I have with the attempt to politicize some

948
00:59:56,600 --> 01:00:01,560
Speaker 2: of these issues it denies agency of those people committing

949
01:00:01,600 --> 01:00:05,520
Speaker 2: these crimes, it somehow says that they are not responsible.

950
01:00:06,280 --> 01:00:10,800
Speaker 2: Now there is no excuse. You can have different views

951
01:00:11,360 --> 01:00:17,600
Speaker 2: about international policy, you cannot bring those disputes here in

952
01:00:17,640 --> 01:00:23,440
Speaker 2: a way which is hateful. That is what defines our

953
01:00:23,520 --> 01:00:29,000
Speaker 2: success as a multicultural, harmonious nation, and anyone seeking to

954
01:00:29,120 --> 01:00:31,760
Speaker 2: undermine that it should be called out.

955
01:00:31,800 --> 01:00:34,680
Speaker 1: On a final question for your Prime Minister, and I

956
01:00:34,720 --> 01:00:39,760
Speaker 1: appreciate your time. It's going to be a pretty tough period.

957
01:00:39,840 --> 01:00:43,880
Speaker 1: Have the next between here and may very lession. You've

958
01:00:43,880 --> 01:00:46,520
Speaker 1: got your new joint up there in the central Coast which.

959
01:00:46,560 --> 01:00:51,120
Speaker 2: Won't be there for some time. And of course you've got.

960
01:00:51,000 --> 01:00:55,280
Speaker 1: Your fiance journey and congratulations and in due course, no

961
01:00:55,360 --> 01:00:56,760
Speaker 1: doubt you'll be tiring.

962
01:00:56,760 --> 01:01:01,360
Speaker 2: They're not. Do you ever think yourself? And you've got

963
01:01:01,360 --> 01:01:02,080
Speaker 2: your footy.

964
01:01:01,800 --> 01:01:04,840
Speaker 1: Team too, and you've got a good life now compared

965
01:01:04,880 --> 01:01:09,840
Speaker 1: to what you grew up as. Anyway, everything yourself. Where

966
01:01:09,840 --> 01:01:12,440
Speaker 1: am I going to get the energy to take this on?

967
01:01:12,480 --> 01:01:16,120
Speaker 1: Because they's just coming at me from every direction? Newspapers,

968
01:01:16,160 --> 01:01:18,920
Speaker 1: people write stuff about you people. Then you've got you know,

969
01:01:18,960 --> 01:01:22,480
Speaker 1: your opposition, who are going to be directing traffic at

970
01:01:22,560 --> 01:01:24,600
Speaker 1: your way?

971
01:01:24,200 --> 01:01:28,680
Speaker 2: Where? Where? Why do you do it. You're not doing

972
01:01:28,680 --> 01:01:30,440
Speaker 2: it because it's your job. And now it's your job.

973
01:01:30,440 --> 01:01:31,440
Speaker 2: But you're not doing it because that's you.

974
01:01:31,520 --> 01:01:33,280
Speaker 1: You've got to turn up to the bank and work

975
01:01:34,280 --> 01:01:35,120
Speaker 1: to pay the mortgage?

976
01:01:35,200 --> 01:01:37,680
Speaker 2: Is what is it? Why are you doing it?

977
01:01:38,480 --> 01:01:42,120
Speaker 1: As a private individual? I wonder why a politician would

978
01:01:42,200 --> 01:01:49,160
Speaker 1: put themselves through the prime ministership role. Ministers, different local members,

979
01:01:49,200 --> 01:01:54,480
Speaker 1: different prime minister is right on the edge and your target.

980
01:01:54,480 --> 01:01:56,000
Speaker 1: You've got to target on you and they're going to

981
01:01:56,080 --> 01:01:59,000
Speaker 1: come at you from every direction for any little thing.

982
01:01:59,560 --> 01:02:02,479
Speaker 2: Why do you Why does Anthony Albernezer do that. I'm

983
01:02:02,520 --> 01:02:07,840
Speaker 2: passionate about this country. I love it and I think

984
01:02:07,880 --> 01:02:11,960
Speaker 2: we are the greatest country on Earth. But I think

985
01:02:12,640 --> 01:02:16,880
Speaker 2: this decade will determine what Australia looks like in twenty

986
01:02:16,960 --> 01:02:21,439
Speaker 2: fifty and we can either seize the opportunities which are there,

987
01:02:22,920 --> 01:02:27,280
Speaker 2: or we can be complacent and watch the world move

988
01:02:27,360 --> 01:02:30,320
Speaker 2: past us. There's no way you'd rather be. We have

989
01:02:31,400 --> 01:02:34,320
Speaker 2: everything under the ground and in the sky, best solaries

990
01:02:34,480 --> 01:02:38,360
Speaker 2: than the world. But under the ground we have lithium, cobalt, copper, banadium,

991
01:02:38,720 --> 01:02:42,720
Speaker 2: all of these things that, yeah, that will power the

992
01:02:42,800 --> 01:02:46,480
Speaker 2: globe in the twenty first century. There's nowhere better positioned

993
01:02:47,000 --> 01:02:50,360
Speaker 2: to benefit from green hydrogen, which will be you know,

994
01:02:50,400 --> 01:02:54,120
Speaker 2: if we do when we're much older, we can do

995
01:02:54,200 --> 01:02:57,000
Speaker 2: a podcast together. We can call it two old Blokes

996
01:02:57,080 --> 01:03:00,880
Speaker 2: or something. Yeah, we can talk about our farts, how important,

997
01:03:01,280 --> 01:03:06,360
Speaker 2: how important it is to Australia in you know, twenty

998
01:03:06,440 --> 01:03:12,200
Speaker 2: forty we have incredible opportunities. But the other thing that

999
01:03:12,320 --> 01:03:16,760
Speaker 2: I have I think that keeps me going. I think

1000
01:03:16,800 --> 01:03:21,920
Speaker 2: when you go up as I did. You know my mum.

1001
01:03:22,240 --> 01:03:26,920
Speaker 2: It's interesting the title of this podcast isn't that different

1002
01:03:26,920 --> 01:03:29,240
Speaker 2: from the title of my biography, which is called telling

1003
01:03:29,320 --> 01:03:35,560
Speaker 2: It Straight Straight. And you know, I grew up with

1004
01:03:35,880 --> 01:03:41,720
Speaker 2: just my mum. She instilled in me a confidence about

1005
01:03:43,080 --> 01:03:45,840
Speaker 2: you know, I could be who I wanted to be.

1006
01:03:47,920 --> 01:03:52,760
Speaker 2: She was always not very well. She lived just for

1007
01:03:52,840 --> 01:03:55,960
Speaker 2: sixty five years in the one council house that became

1008
01:03:56,720 --> 01:04:00,400
Speaker 2: then State Department took it over for her whole life

1009
01:04:00,440 --> 01:04:04,919
Speaker 2: there in Campdown. She left school before she got any qualification.

1010
01:04:05,040 --> 01:04:07,320
Speaker 2: She had scarlet fever as a kid. She's just someone

1011
01:04:07,320 --> 01:04:11,120
Speaker 2: who wasn't well and she was spent. At age sixty five,

1012
01:04:11,240 --> 01:04:16,400
Speaker 2: she was just done checked out and she though had

1013
01:04:17,120 --> 01:04:23,000
Speaker 2: incredible unconditional love for me, as many mums do live

1014
01:04:23,120 --> 01:04:29,000
Speaker 2: through their children, and that gave me confidence. But it

1015
01:04:29,040 --> 01:04:33,320
Speaker 2: also meant that, you know, I was living because she

1016
01:04:33,400 --> 01:04:35,600
Speaker 2: was in hospital for long periods of time. I was

1017
01:04:35,680 --> 01:04:39,720
Speaker 2: living by myself at a very young age of early

1018
01:04:39,840 --> 01:04:44,680
Speaker 2: teens there in Campdown, getting fed by neighbors who helped

1019
01:04:44,840 --> 01:04:49,920
Speaker 2: look after us. And I'm tough and resilient. So one

1020
01:04:49,960 --> 01:04:53,160
Speaker 2: of the things that when people throw all sorts of

1021
01:04:53,400 --> 01:04:56,560
Speaker 2: things at you, and you know, I don't read some

1022
01:04:56,680 --> 01:05:03,960
Speaker 2: of the calumnists and turn onto sky after dark, is

1023
01:05:04,000 --> 01:05:08,280
Speaker 2: that it's predictable too. It's just predictable. So I don't

1024
01:05:08,320 --> 01:05:15,120
Speaker 2: take it personally. That's as it's like them sitting in

1025
01:05:15,920 --> 01:05:21,280
Speaker 2: a stand cheering for the roosters. If they're roosters fans

1026
01:05:21,800 --> 01:05:25,880
Speaker 2: against us take it personally, that's you know, they're cheering

1027
01:05:25,920 --> 01:05:27,680
Speaker 2: for them. It is what it is. It is what

1028
01:05:27,760 --> 01:05:34,280
Speaker 2: it is. But I know with confidence that what my

1029
01:05:34,440 --> 01:05:38,320
Speaker 2: government is doing is making a difference to people who

1030
01:05:38,400 --> 01:05:41,480
Speaker 2: need government in their lives to make a difference. But

1031
01:05:41,600 --> 01:05:47,200
Speaker 2: I know also that I'm someone who, because of all

1032
01:05:47,240 --> 01:05:49,760
Speaker 2: of that background, the experience I have, is able to

1033
01:05:49,760 --> 01:05:57,320
Speaker 2: bring together business interests unions, civil society, engage with people

1034
01:05:57,320 --> 01:06:01,040
Speaker 2: across the spectrum as comfortable in a pub as I

1035
01:06:01,080 --> 01:06:06,560
Speaker 2: am in a boardroom, and be optimistic about Australia's future.

1036
01:06:06,560 --> 01:06:11,240
Speaker 2: And I think that is one of the things that

1037
01:06:11,280 --> 01:06:16,040
Speaker 2: the next election will be about me saying we will

1038
01:06:16,080 --> 01:06:19,680
Speaker 2: provide more cost of living help but will also help

1039
01:06:20,120 --> 01:06:25,960
Speaker 2: build a stronger future, an optimistic vision and my opponents

1040
01:06:27,080 --> 01:06:31,560
Speaker 2: being negative. You can't move forward by just saying what

1041
01:06:31,600 --> 01:06:36,680
Speaker 2: you're against. And when I was Opposition leader, I had

1042
01:06:36,720 --> 01:06:39,720
Speaker 2: a range of policies out there that we're implementing. They're housing,

1043
01:06:39,720 --> 01:06:43,560
Speaker 2: Australia Future Fund and cheap childcare and national reconstruction for

1044
01:06:43,640 --> 01:06:47,000
Speaker 2: new industries. All of these things we had out there.

1045
01:06:48,200 --> 01:06:51,680
Speaker 2: My opponents have a nuclear plan sometime in the twenty

1046
01:06:51,720 --> 01:06:56,400
Speaker 2: forties that doesn't stack up, which is why I know

1047
01:06:56,520 --> 01:06:59,840
Speaker 2: private sector operator will fund it and the same people

1048
01:06:59,880 --> 01:07:02,360
Speaker 2: be worse off. They're calling our cost of living relief

1049
01:07:02,520 --> 01:07:07,000
Speaker 2: a sugarhead A strains are better than that. And I'm

1050
01:07:07,080 --> 01:07:12,400
Speaker 2: confident that during the election campaign we will advocate for

1051
01:07:12,520 --> 01:07:16,080
Speaker 2: a second term to build on the foundations that we've

1052
01:07:16,200 --> 01:07:20,000
Speaker 2: established in our first term. I have one final that

1053
01:07:20,240 --> 01:07:22,800
Speaker 2: it will be very quick, but What was your mum's name,

1054
01:07:23,160 --> 01:07:26,960
Speaker 2: Mary Anne? If maryam is.

1055
01:07:26,920 --> 01:07:31,200
Speaker 1: Sitting here right now talking to her son, listening to

1056
01:07:31,200 --> 01:07:34,840
Speaker 1: her son, and of course Mary would always be wishing

1057
01:07:34,840 --> 01:07:40,760
Speaker 1: you the very best in this campaign, what would you

1058
01:07:40,760 --> 01:07:41,360
Speaker 1: say to your mum?

1059
01:07:42,640 --> 01:07:46,800
Speaker 2: Oh, thank you, simple as that you know, I'm here

1060
01:07:47,080 --> 01:07:55,320
Speaker 2: because of sacrifices that she made. You know it. People

1061
01:07:55,360 --> 01:07:59,720
Speaker 2: can read the book, but you know my mum made

1062
01:07:59,800 --> 01:08:03,640
Speaker 2: the difficult decision in nineteen sixty three to have a

1063
01:08:03,760 --> 01:08:09,480
Speaker 2: child at a wedlock. She adopted my father's name, and

1064
01:08:09,600 --> 01:08:13,160
Speaker 2: all of the neighborhood in what was a close knit neighborhood,

1065
01:08:13,200 --> 01:08:15,920
Speaker 2: were told as I was that my father had died

1066
01:08:16,880 --> 01:08:22,360
Speaker 2: and the plan at Saint Margaret's Darlinghurst was for me

1067
01:08:22,560 --> 01:08:26,120
Speaker 2: to be adopted out, which was very much a part

1068
01:08:26,200 --> 01:08:33,599
Speaker 2: of what occurred a lot at that time. Now, there

1069
01:08:33,640 --> 01:08:38,320
Speaker 2: was a nun there at the hospital brought me the

1070
01:08:38,960 --> 01:08:45,479
Speaker 2: young baby in to her and she knew that my

1071
01:08:45,640 --> 01:08:48,560
Speaker 2: mum wasn't the sort of person who would want to

1072
01:08:48,600 --> 01:08:54,480
Speaker 2: give up her child, would want to avoid it, regardless

1073
01:08:54,520 --> 01:08:57,240
Speaker 2: of the circumstances that would dive you, and people were

1074
01:08:57,240 --> 01:08:59,519
Speaker 2: placed in a lot of pressure was placed on people

1075
01:09:00,040 --> 01:09:03,640
Speaker 2: in those days, in those days in the early sixties,

1076
01:09:04,439 --> 01:09:10,680
Speaker 2: and my mum chose to keep me and to give me.

1077
01:09:11,400 --> 01:09:13,760
Speaker 2: You know, we didn't have a lot of money, but

1078
01:09:13,840 --> 01:09:17,400
Speaker 2: we had everything else, something that's more important, which is

1079
01:09:17,439 --> 01:09:24,200
Speaker 2: our unconditional love and support. And it's remarkable that she

1080
01:09:24,439 --> 01:09:27,240
Speaker 2: was able to do that. She even though she didn't

1081
01:09:27,280 --> 01:09:33,120
Speaker 2: have much formal education herself. You know, she encouraged me

1082
01:09:33,240 --> 01:09:37,439
Speaker 2: to stay on and go to year twelve. You know,

1083
01:09:37,720 --> 01:09:40,280
Speaker 2: I had to work my way through school and do

1084
01:09:40,360 --> 01:09:43,960
Speaker 2: all that, everything from Maccas to Grace Brothers to working

1085
01:09:44,000 --> 01:09:46,679
Speaker 2: as a paperboy and doing all those things that you do.

1086
01:09:47,280 --> 01:09:50,439
Speaker 2: And then I started work at the Common Bank the

1087
01:09:50,600 --> 01:09:57,320
Speaker 2: day after I did my last HC exam. She, you know,

1088
01:09:57,439 --> 01:10:02,320
Speaker 2: she sacrificed a lot for me, and one of the

1089
01:10:02,320 --> 01:10:09,599
Speaker 2: things that drives me is repaying that. You know, I've

1090
01:10:09,600 --> 01:10:14,280
Speaker 2: got a responsibility given the position I'm in, to work

1091
01:10:14,520 --> 01:10:18,000
Speaker 2: every day. And one of the things, whatever my critics

1092
01:10:18,080 --> 01:10:21,080
Speaker 2: might say about me, you won't find anyone he says

1093
01:10:21,120 --> 01:10:25,400
Speaker 2: that I don't work mass Off promis Thanks very much,

1094
01:10:25,479 --> 01:10:26,559
Speaker 2: Thanks very much much.