Latest / She's On The Money / Your Paycheck Isn’t Stretching Like It Used To. We Asked The PM Why
Transcript
- 0:00Speaker 1: Hello, my friends, A welcome to She's on the Money.
- 0:02Speaker 1: I am Victoria to Vine and around here, we are
- 0:04Speaker 1: all about making money a little less overwhelming. We have
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- 0:11Speaker 1: have podcasts and blogs. We also have freebies like budgeting
- 0:15Speaker 1: tools and investing cheat sheets to help you feel more
- 0:18Speaker 1: in control of your financial future. She's on the Money,
- 0:22Speaker 1: She's on the Money.
- 0:31Speaker 2: My name's Satasha Bamblet. I'm a proud First Nations woman
- 0:34Speaker 2: and I'm here to acknowledge country. Hello, beautiful friends, we
- 0:37Speaker 2: gather on the lands of the Aboriginal people. We thank
- 0:39Speaker 2: acknowledge and respect the Aboriginal people's land that we're gathering
- 0:42Speaker 2: on today. Take pleasure in all the land and respect
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- 0:54Speaker 1: Hello, and welcome to She's on the Budget, a very
- 0:58Speaker 1: limited series where we break down the twenty seven federal
- 1:02Speaker 1: budget so that you can sound smarter by the water cooler.
- 1:05Speaker 1: I'm your host, Victoria Devine, and joining me on this
- 1:09Speaker 1: very special bonus episode of She's on the Money is
- 1:12Speaker 1: none other than our friend Albo. Prime Minister Anthony Albanezi,
- 1:17Speaker 1: good morning, Welcome and special guest, the Minister for Finance,
- 1:23Speaker 1: the Minister for Women, the Minister for Public Service and
- 1:26Speaker 1: Government Services, Senator Katie Gallaher. You've been on the show before.
- 1:31Speaker 1: I got to hang out with you yesterday. What a title,
- 1:34Speaker 1: but one that will no doubt attract many excellent questions
- 1:38Speaker 1: from our listeners. Welcome to the show.
- 1:40Speaker 3: Thanks for having me on.
- 1:41Speaker 1: I'm very excited, Welcome back to the podcast. Welcome back
- 1:44Speaker 1: to the show. I'm I'm very shocked that not only
- 1:48Speaker 1: did I get to interview the Prime Minister and the
- 1:51Speaker 1: Minister for Women and Finance, but I'm getting to do
- 1:54Speaker 1: it twice Like that is very cool. I did call
- 1:56Speaker 1: up my dad and I was like, guess what last
- 2:00Speaker 1: time you and I caught up, you shared your money story,
- 2:03Speaker 1: which I thought was very special. We got some gorgeous
- 2:05Speaker 1: feedback from the community. That's seeing a side of you
- 2:08Speaker 1: that was a little bit more I don't know real
- 2:11Speaker 1: was really appreciated.
- 2:13Speaker 4: That's one of the benefits of podcasts.
- 2:15Speaker 1: It's fun, isn't it.
- 2:16Speaker 4: I can actually just have a chat, exactly have a conversation.
- 2:20Speaker 1: We shared photos of Toto. You shared your unhinged money
- 2:23Speaker 1: hack of always having two hundred dollars in your wallet
- 2:26Speaker 1: to make sure that people and your staffers have always
- 2:29Speaker 1: have access.
- 2:29Speaker 4: To They still laugh at me.
- 2:31Speaker 1: Well, we also chatted about your wedding plans, which have
- 2:34Speaker 1: now come to fruition. Congratulations and I guess in that way,
- 2:38Speaker 1: the budget lock up was kind of like a wedding
- 2:42Speaker 1: we had and hear me out on this one. We
- 2:44Speaker 1: had a guest list, we had to wear a dress coat,
- 2:48Speaker 1: there was a seating plan that we allocated to and
- 2:50Speaker 1: strictly no phones. Naturally, people are dying to know all
- 2:55Speaker 1: the details. So my team and I have worked through
- 2:58Speaker 1: the night to pull some excellent budget focused questions from
- 3:01Speaker 1: our She's on the Money community to help them get
- 3:04Speaker 1: a better understanding of what went on, who does it benefit,
- 3:07Speaker 1: who does it disadvantage, and what does that look like.
- 3:10Speaker 1: But before we get there, I got to get your
- 3:12Speaker 1: money story last time, Katie, straight under the bus, my friend.
- 3:16Speaker 1: It is tradition for us to start She's on the
- 3:19Speaker 1: Money with a money story because we all have one,
- 3:21Speaker 1: and it impacts the way we see, the way we think,
- 3:24Speaker 1: the way we feel, and the way we make decisions.
- 3:27Speaker 1: What is your earliest memory of money.
- 3:32Speaker 3: My earliest memory of money would probably be pocket money,
- 3:35Speaker 3: getting pocket money for doing jobs around the house.
- 3:39Speaker 1: What are we saving up for or were we saving
- 3:41Speaker 1: around spending?
- 3:42Speaker 3: You know, twenty cents went a long way back then.
- 3:44Speaker 3: That's how old I am. So uh No, I don't
- 3:49Speaker 3: think savings really got to me till I was a
- 3:51Speaker 3: bit older. It was more get a little bit of
- 3:54Speaker 3: money and race down the shop and buy bag of lollies.
- 3:57Speaker 3: I think is really that was my foot That is
- 4:00Speaker 3: really my first memory of money. There's my own money.
- 4:02Speaker 1: Anyway, there's not a lot that is all of a
- 4:04Speaker 1: coin can purchase anymore. But we'll say that Donalds has
- 4:07Speaker 1: just brought back the fifty cent cone, and not only
- 4:10Speaker 1: is that nostalgic, but I think a sweet treat in
- 4:12Speaker 1: the cost of.
- 4:13Speaker 4: Living Christ value.
- 4:14Speaker 1: That's good Australian value. My childhood was pre Maccas. I
- 4:18Speaker 1: should say we won't go there, but of course.
- 4:23Speaker 4: I've worked at maccas.
- 4:24Speaker 3: Yeah, well Maccas in Canberra, Macas around where we lived. Yeah,
- 4:29Speaker 3: it took a while I was in high school. I
- 4:30Speaker 3: think it was a very exciting a house.
- 4:33Speaker 4: No no, I never I never got promoted that high.
- 4:37Speaker 4: I was down in the back on the days that
- 4:40Speaker 4: maccas produced fried chicken, and so you had fried chicken,
- 4:45Speaker 4: had hot apple pies.
- 4:46Speaker 1: Oh they're still good, and the fries yeah, okay.
- 4:50Speaker 4: So you're on all that was all in one section.
- 4:55Speaker 4: And the burgers, they were the elite people making the
- 4:58Speaker 4: you know I was. I didn't.
- 5:00Speaker 1: I didn't run the burger station.
- 5:02Speaker 4: I didn't make it through a Broadway. I think it
- 5:04Speaker 4: was like the second or third macas that was done,
- 5:09Speaker 4: not that big city time, but we used to also
- 5:11Speaker 4: in order to get by it. One stage, there was
- 5:14Speaker 4: a promotion that had bottle caps and you had to
- 5:20Speaker 4: produce the bottle caps. But there was this bottle station
- 5:23Speaker 4: near where I used to play tennise in Marrickville, so
- 5:26Speaker 4: we had tons and tons of bottles. So we used
- 5:28Speaker 4: to have too many free burgers and they'd get on us.
- 5:32Speaker 4: So we had to go around the different machas.
- 5:34Speaker 1: Oh you'd have to like shop there.
- 5:35Speaker 4: Because they'd be on us. They'd be honest. It was
- 5:38Speaker 4: like to all beef patty special sauce, those cheese pickles
- 5:41Speaker 4: and its bun saying that in under thirty seconds. You
- 5:46Speaker 4: got a free burger as well.
- 5:47Speaker 1: That's pretty good.
- 5:48Speaker 4: They were on us.
- 5:49Speaker 1: I got the Prime Minister of Australia saying that he
- 5:53Speaker 1: routed the system. Is that what just happened.
- 5:56Speaker 4: Took advantage of the system.
- 5:58Speaker 1: Okay, took advantage of the tour and resources available.
- 6:01Speaker 4: Exactly as a working class kid who he did the
- 6:05Speaker 4: needed to get a free burger to get buy. That
- 6:08Speaker 4: was what we did.
- 6:09Speaker 1: I like it. Now back to you quickly, Katie. I
- 6:12Speaker 1: might be leaping to a few conclusions here, but is
- 6:16Speaker 1: it safe to say that, Well, you can't play favorites
- 6:19Speaker 1: because you're the minister of almost everything. Let's be honest.
- 6:22Speaker 1: Each of your departments gets a very unique budget allocated.
- 6:27Speaker 3: Yes, so I like all together they're linked. But yeah,
- 6:31Speaker 3: I mean I don't have favorites, that's right. And they
- 6:33Speaker 3: all do a really important but different job across the government.
- 6:37Speaker 3: But it's good to have them all because it forces
- 6:39Speaker 3: them to work together as well, which is good.
- 6:42Speaker 1: Something that's really important to me is the gender pay gap.
- 6:45Speaker 1: So I would like to talk about that because what
- 6:49Speaker 1: affects our spendings and savings habits more than what we
- 6:52Speaker 1: earn every single day and this year, as you probably
- 6:55Speaker 1: already know, the gender pay gap stands at twenty one
- 6:58Speaker 1: point one percent, which is down last but it's actually
- 7:01Speaker 1: crept up from nineteen percent, or the nineteen percent we
- 7:06Speaker 1: were on before measures were introduced to improve things. Now,
- 7:09Speaker 1: last night, the budget proposed to ban noncompete clauses for
- 7:13Speaker 1: workers earning under one hundred and eighty three thy one
- 7:16Speaker 1: hundred dollars and expand paid parental leave to encourage more
- 7:20Speaker 1: shared care and continue investing in female dominated sectors like healthcare,
- 7:24Speaker 1: aged care and education. What differences do you think those
- 7:29Speaker 1: measures will realistically make to women's wages and their long
- 7:32Speaker 1: term financial security question?
- 7:36Speaker 3: Yes, I mean it's been a priority for the alban
- 7:39Speaker 3: Easy government to tackle basically the gender pay gap and
- 7:44Speaker 3: how women's wages are treated, and they've historically been undervalued
- 7:49Speaker 3: and underrecognized, and so one of the biggest investments we've
- 7:52Speaker 3: made since coming to government has been into feminized industries
- 7:55Speaker 3: and trying to adjust the wages so.
- 7:57Speaker 1: They better reflect the responsibility.
- 7:59Speaker 3: So I think in the budget papers it's twenty one
- 8:02Speaker 3: billion dollars going into age care and early childhood education
- 8:05Speaker 3: and care wages because we recognize you know they haven't
- 8:09Speaker 3: been paid properly, and when you don't get paid properly, you.
- 8:11Speaker 1: Don't retain staff.
- 8:13Speaker 3: You know they'll go and work elsewhere, and so the
- 8:15Speaker 3: whole care economy suffers. But I think I don't want
- 8:20Speaker 3: to speak for the PM, but one of the reasons
- 8:23Speaker 3: he wanted women and finance together was to drive the
- 8:26Speaker 3: economic empowerment of women and deal with some of these
- 8:29Speaker 3: really long entrenched issues that hadn't been dealt with.
- 8:32Speaker 4: It made sense after we got elected and the caucus
- 8:37Speaker 4: selects the ministry, but I get to allocate portfolios and
- 8:42Speaker 4: it made absolute sense to me to have the Minister
- 8:47Speaker 4: for Women be in a portfolio that went right across
- 8:51Speaker 4: the entire spectrum, so you get that gender equity look
- 8:59Speaker 4: right across all all of the portfolios, and there's no
- 9:02Speaker 4: portfolio like that like finance. So it really has worked
- 9:09Speaker 4: very effectively so that we have a gender lens put
- 9:15Speaker 4: over everything that comes before the cabinet. But putting those
- 9:18Speaker 4: two things together has I think been one of the
- 9:23Speaker 4: successes of the government.
- 9:26Speaker 1: Personally, when that came together, I was like, this makes
- 9:29Speaker 1: so much sense and makes me so happy because of
- 9:31Speaker 1: everything that I champion. Now excitingly, I know that women
- 9:37Speaker 1: are actually better represented in Parliament than in most executive
- 9:40Speaker 1: suites across Australia. How are we investing in promoting and
- 9:46Speaker 1: how are we investing in promoting and retaining women in
- 9:49Speaker 1: highly skilled professional roles Because some of our community members
- 9:53Speaker 1: have asked what incentives or investments are being made to
- 9:56Speaker 1: bring that gender pay up down in male dominated industry
- 10:00Speaker 1: lack construction or IT or infrastructure.
- 10:04Speaker 3: Yeah, so we have a big emphasis on looking at
- 10:07Speaker 3: how we deal with the gender segregated nature of our
- 10:10Speaker 3: workforce and making sure women are getting the support they
- 10:12Speaker 3: need into those roles. And also importantly, like in those
- 10:15Speaker 3: new areas of climate energy AI tech, that we're not
- 10:20Speaker 3: retrofitting once all the men take the jobs to try
- 10:24Speaker 3: and get women in. So we've got a lot of
- 10:26Speaker 3: measures underway to try and deal with that in leadership
- 10:30Speaker 3: and decision making. I mean, the PM's got a gender
- 10:33Speaker 3: equal cabinet, first time ever gender majority women government, something
- 10:41Speaker 3: to be incredibly proud of. The PM's made a number again.
- 10:45Speaker 3: I'm not going to talk for you talk answering your questions,
- 10:48Speaker 3: but women's leadership and seeing seeing women in these roles
- 10:52Speaker 3: is really important I.
- 10:54Speaker 4: Think that two measures we've done, as well as getting
- 10:56Speaker 4: rid of some of the paced secrecy clauses, that what
- 11:01Speaker 4: we know is that often people wouldn't be conscious or
- 11:06Speaker 4: aware of the fact that men in executive positions were
- 11:09Speaker 4: being paid more than women doing the same roles. Getting
- 11:13Speaker 4: rid of pay secrecy clauses at that top end is
- 11:16Speaker 4: about addressing that. But the other thing that we've done
- 11:20Speaker 4: is not just have women and senior roles in the
- 11:24Speaker 4: government as ministers, including the Minister for Women sitting here
- 11:30Speaker 4: with me, but Penny Wong and Tanya Plipersek and Julie
- 11:34Speaker 4: Collins and Katherine King and all these amazing women in
- 11:37Speaker 4: senior roles were appointed the first woman head of the
- 11:42Speaker 4: Reserve Bank, the first woman to head the Department of Treasury,
- 11:47Speaker 4: the first woman to head the Productivity Commission. Importantly, just
- 11:51Speaker 4: a few weeks ago we appointed the first woman head
- 11:54Speaker 4: of the Army. All of this really does make a difference.
- 12:00Speaker 4: Of course, that will flow through to the private sector
- 12:04Speaker 4: as well. Just when you have competent people selected on
- 12:09Speaker 4: the basis that they're the best person for the job
- 12:11Speaker 4: happened to be women, it says that it's the right
- 12:16Speaker 4: thing to do going forward and across the board. The
- 12:21Speaker 4: first woman to head the Department of Foreign Affairs across
- 12:24Speaker 4: the board in so many areas now, the first woman
- 12:27Speaker 4: to head the Department of Defense as the secretary as well.
- 12:31Speaker 4: All of this just changes some of the perception that
- 12:37Speaker 4: might be out there unfortunately for a long period of
- 12:40Speaker 4: time that gender equity somehow isn't appropriate. It's always appropriate
- 12:47Speaker 4: and you get better outcomes, and so my government has
- 12:51Speaker 4: been conscious about that. So in board appointments, people from
- 12:57Speaker 4: versuly going on to boards that the government is responsible for,
- 13:01Speaker 4: or being promoted up through departments, then flows through to
- 13:05Speaker 4: that senior positions as well across areas where the government
- 13:12Speaker 4: has influenced, So whether that be direct or indirect as well.
- 13:16Speaker 1: Yeah, And I feel like once a female gets into power,
- 13:21Speaker 1: they want to lift all other women. The second someone
- 13:25Speaker 1: is in that position, they go, well, if I can
- 13:27Speaker 1: do it, everyone can, And that is a really that
- 13:31Speaker 1: is a really beautiful sentiment. But then you also see
- 13:33Speaker 1: the general public I find question them a little bit
- 13:37Speaker 1: more than they might have before. It's as though we
- 13:40Speaker 1: have to double down on our capability. Is that something
- 13:43Speaker 1: that you're seeing the women at Parliament House having to
- 13:48Speaker 1: deal with on a daily basis.
- 13:51Speaker 4: Of course, discrimination is a fact that they're including on gender.
- 14:00Speaker 4: But what I also see is a recognition over a
- 14:05Speaker 4: period of time since I've been here quite a while
- 14:07Speaker 4: in this building, and over a period of time when
- 14:11Speaker 4: I was first elected the first woman ever elected to
- 14:16Speaker 4: the House of Representatives from New South Wales, the biggest
- 14:19Speaker 4: state was my predecessor, Jeannett McHugh in nineteen eighty three.
- 14:25Speaker 4: That means that for eighty three years, every electorate in
- 14:28Speaker 4: New South Wales across the political spectrum sent a man
- 14:33Speaker 4: every time. Now that has changed enormously, and what I
- 14:38Speaker 4: see because the balance has changed as well, I have
- 14:43Speaker 4: no doubt that there is a direct link between some
- 14:48Speaker 4: of the measures that were put in place and the
- 14:53Speaker 4: makeup of my government. So whether it is women's health
- 14:59Speaker 4: and of it pain clinics, would they have occurred, would
- 15:03Speaker 4: blokes have not something I'm familiar with for obvious reasons.
- 15:08Speaker 4: Would that have been a front of mind issue to
- 15:12Speaker 4: spend many tens of millions of dollars investing in those
- 15:18Speaker 4: specific clinics to assist women's health. If the makeup of
- 15:27Speaker 4: the Cabinet and the Caucus was different, You'd like to
- 15:32Speaker 4: think that allies men who support gender equity would think
- 15:39Speaker 4: of those things, but the truth is that for some
- 15:41Speaker 4: of them it is a direct result of women taking
- 15:46Speaker 4: their experience into the policy sphere to make a difference.
- 15:52Speaker 4: Just like I didn't know that it had been more
- 15:56Speaker 4: than thirty years since a new contraceptive was placed on
- 16:01Speaker 4: the PBS. Some that we knew, that's question, but as
- 16:07Speaker 4: Prime Minister, I didn't know. When we did that. It
- 16:11Speaker 4: was like, really, thirty years, that's crazy. So you change that.
- 16:17Speaker 4: Other things are more obvious, such as women's work, feminized industries,
- 16:23Speaker 4: being underpaid in age care and child care, the conscious
- 16:28Speaker 4: of that, but so many areas when you change the
- 16:32Speaker 4: makeup of a government and make it look more like
- 16:37Speaker 4: the Australian population. This doesn't just apply to gender, of course,
- 16:41Speaker 4: it's also the fact we have different people of different
- 16:44Speaker 4: faith and women are men of color in our caucus
- 16:50Speaker 4: First Nations people. Has meant that those issues are raised
- 16:56Speaker 4: and I want to Parliament that looks like the Australian people.
- 16:59Speaker 4: That's how we get outcomes that served the Australian.
- 17:03Speaker 1: Yeah, and last time I spoke to both of you separately,
- 17:07Speaker 1: Women's health was a massive priority, and there was a
- 17:10Speaker 1: really big push for drometeriosis and pelvic pain clinics, as
- 17:15Speaker 1: well as more affordable medications and treatment under Medicare and
- 17:18Speaker 1: the PBS. What changes can we expect to see just
- 17:22Speaker 1: if we're going into the pharmacy in the coming months.
- 17:26Speaker 4: Well, you'll see increasingly we're put additional medicines on the PBS.
- 17:31Speaker 4: You'll see as well, we're frozen the cost to just
- 17:36Speaker 4: twenty five dollars for medicines that are on the PBS,
- 17:40Speaker 4: or if you've got a concessional card at seven dollars
- 17:43Speaker 4: seventy for the rest of the decade. And I think
- 17:48Speaker 4: we are continuing to examine new medicines coming through, including
- 17:55Speaker 4: ones that particularly impact women's health issues.
- 17:59Speaker 3: And in addition to that, the success of the women's
- 18:04Speaker 3: health program that we've announced that the PM talked about
- 18:06Speaker 3: in contraception menopause treatments, the uptake of that is extraordinary,
- 18:11Speaker 3: So we're seeing that actually really gain momentum. You know,
- 18:15Speaker 3: women who are for the first time able to afford
- 18:17Speaker 3: to swap to the newer, safer, better contraception oral contraceptive
- 18:23Speaker 3: pill that doesn't have as many side effects because they
- 18:25Speaker 3: can afford to, Like, that's life changing. You know, my
- 18:28Speaker 3: daughters and you know their friends are like, Wow, the
- 18:32Speaker 3: government's actually going to help us with this. And then
- 18:35Speaker 3: things like at the pharmacy. You know, Mark Butler's been
- 18:38Speaker 3: doing a lot of work with states and territories about
- 18:41Speaker 3: just being able to treat UTIs those sense you know,
- 18:43Speaker 3: things that again probably affect women more than men, that
- 18:46Speaker 3: can get you know, you don't have.
- 18:48Speaker 1: To go to the GP, you know, if.
- 18:50Speaker 3: You can get in or whatever, you can go and
- 18:53Speaker 3: be treated at the pharmacy level.
- 18:54Speaker 1: And I think that makes a huge difference too.
- 18:57Speaker 4: The other thing as well, you know, as a blow,
- 19:01Speaker 4: the fact that these issues are talked about. I suspect
- 19:06Speaker 4: that when Tony Abbott was the Minister for Women in
- 19:12Speaker 4: his first government, not only was there not action people
- 19:17Speaker 4: talking about UTIs or contraception, endometriosis, these issues just wouldn't
- 19:25Speaker 4: have even been raised. So it's not that there weren't solutions,
- 19:29Speaker 4: they weren't even on the agenda. And it makes enormous
- 19:32Speaker 4: If I met a young woman down in Joe Ryan's
- 19:39Speaker 4: electorate of Lawla, down in the southwestern suburbs of Melbourne,
- 19:48Speaker 4: and she was twenty two years old and had suffered
- 19:54Speaker 4: debilitating pain, you know, once a month, so she couldn't work.
- 20:00Speaker 4: It was really for her. She told a very personal
- 20:04Speaker 4: story on camera about the difference that had made to
- 20:10Speaker 4: her life, and you know, it made me really proud
- 20:15Speaker 4: of the change that we had made. Sometimes it's not
- 20:18Speaker 4: the things that you won't find on page one of
- 20:22Speaker 4: any of the tabloids. You know, Labor Budget launches endometriosis
- 20:30Speaker 4: and pelvic pain clinics. But I'll tell you what it
- 20:32Speaker 4: probably should be, frankly, because it makes such a difference.
- 20:37Speaker 1: Agreed. Agreed. Now you probably saw this question coming. I
- 20:41Speaker 1: feel like I'm definitely not as spicy as other media,
- 20:45Speaker 1: but I have to ask, what are you doing about
- 20:48Speaker 1: the cost of living crisis? Elbow money wins and broke
- 20:51Speaker 1: tips aside. It's getting harder and harder for the everyday
- 20:54Speaker 1: person to just get by. What relief can you share
- 20:58Speaker 1: with families, the single parents, the couples that are paying
- 21:01Speaker 1: off their mortgages for the first time.
- 21:03Speaker 4: Well, we have now five tax measures. We have a
- 21:07Speaker 4: tax cut that comes in on July one, lowering that
- 21:10Speaker 4: first marginal tax rate by one cent that particularly benefits
- 21:17Speaker 4: low and middle income owners and another one the following
- 21:20Speaker 4: year one thousand dollars automatic tax deductions. We had the
- 21:26Speaker 4: Working Australia tax offset of two hundred and fifty dollars
- 21:30Speaker 4: just for workers that will come in as well, so
- 21:35Speaker 4: we're lowering taxes. The other thing we're doing is putting
- 21:38Speaker 4: forward again. We've made a submission of the Fair Work
- 21:41Speaker 4: Commission to increase wages, so we want people to earn
- 21:45Speaker 4: more and keep more of what they own. So that
- 21:48Speaker 4: is all aimed at making a difference. We have a
- 21:51Speaker 4: really responsible budget as well, sixty four billion dollars of savings.
- 21:55Speaker 4: It's about putting that downward pressure on inflation because we
- 21:59Speaker 4: know that that is an issue particularly that has risen
- 22:06Speaker 4: since the war in the Middle East, that we don't
- 22:09Speaker 4: of course have control of. But we're doing all of
- 22:13Speaker 4: those measures as well as the cheaper medicines where we've
- 22:17Speaker 4: already spoken about, the free take, the twenty percent cut
- 22:21Speaker 4: in student debt that has now flowed through.
- 22:25Speaker 1: Thanks for that everywhere through to me. I was like, that's.
- 22:28Speaker 4: Nice everyone, Well it's now flowed through to everyone. I
- 22:32Speaker 4: want three million Australians benefited to the tune of an
- 22:36Speaker 4: average of five and a half thousand dollars each. So
- 22:40Speaker 4: all of these measures looking at giving people a fair
- 22:46Speaker 4: crack with the cost of living. But that's one of
- 22:49Speaker 4: the reasons why as well, we've made the difficult decisions
- 22:52Speaker 4: that we have on tax when it comes to property tax,
- 22:55Speaker 4: to level the playing field so that young people are
- 23:00Speaker 4: aren't locked out of the housing market forever. Now, this
- 23:04Speaker 4: won't you can't change these things overnight. You can't make
- 23:08Speaker 4: a decisions in the budget on Tuesday night and it's
- 23:11Speaker 4: fixed by the weekend. But what this will do is
- 23:15Speaker 4: change some of the structures so that over a period
- 23:19Speaker 4: of time, young people will increasingly get a fair crack.
- 23:24Speaker 4: And there's been some controversy about that, of course, but
- 23:28Speaker 4: it's the right thing to do.
- 23:30Speaker 1: Yeah, And I feel like there's been a lot of
- 23:32Speaker 1: conversation about childcare and stuff like that recently. And I
- 23:36Speaker 1: have two young kids, two under two, because I am
- 23:39Speaker 1: slightly delusional, and I'm very privileged to be able to
- 23:43Speaker 1: do what I do and have a partner that's able
- 23:45Speaker 1: to at the moment stay home with my babies while
- 23:48Speaker 1: I get to be in the PM's office. But I
- 23:51Speaker 1: also get the privilege of leaning on some additional childcare supports,
- 23:55Speaker 1: what's being done to help parents get the care that
- 23:58Speaker 1: they need and return to the work force, And does
- 24:01Speaker 1: the budget take into consideration how the various care subsidies
- 24:05Speaker 1: like the czes and their pps and how they're divvied up.
- 24:09Speaker 4: Well, there's a few things that we're doing. Firstly, from
- 24:12Speaker 4: the first of January this year, the three day childcare
- 24:15Speaker 4: Guarantee was put in place. Previously, people were sometimes shut
- 24:22Speaker 4: out of the workforce because they were disadvantaged in that
- 24:29Speaker 4: if they weren't in work, they couldn't do get the
- 24:33Speaker 4: substences therefore couldn't look for work payperenal leaf of course
- 24:38Speaker 4: as well, moving towards that six months of payper and
- 24:42Speaker 4: a leave doing in a way as well that encouragers
- 24:45Speaker 4: shared parenting if that's what people choose to do, paying
- 24:51Speaker 4: superannuational pay per and a leaf. That's something we were
- 24:56Speaker 4: lobbied about. We said, we don't think we can do
- 24:59Speaker 4: it at this time, but we'll do it when we can.
- 25:02Speaker 4: That's now in place for the first time. I want
- 25:06Speaker 4: to move towards a universal affordable child care that has
- 25:13Speaker 4: taken steps. We had a system that was really pretty
- 25:18Speaker 4: broken and in real danger of decline because we had
- 25:24Speaker 4: workforce issues as well that we've had to introduce of
- 25:28Speaker 4: paying and assisting those payments for early educators, and that
- 25:37Speaker 4: has taken time, but that's at cost as well. People
- 25:42Speaker 4: were leaving the system because you could earn more stacking
- 25:47Speaker 4: shelves than you could looking after your two little ones
- 25:50Speaker 4: and others as well.
- 25:51Speaker 1: Tough because trying to make these decisions that are in
- 25:55Speaker 1: the best interests of their families. We want to spend
- 25:58Speaker 1: time with our children. You're a mum as well, what
- 26:02Speaker 1: are your thoughts on this?
- 26:04Speaker 3: Well, big supporter of the investments we've made into childcare,
- 26:08Speaker 3: but it's broader than that. We come at this like
- 26:10Speaker 3: from the women, you know, looking at how we support
- 26:13Speaker 3: working families, like how do we take away those disincentives
- 26:17Speaker 3: to work? So you know, the three day guarantee does that,
- 26:22Speaker 3: so does the child How we've made investments into the
- 26:25Speaker 3: childcare rebates so it doesn't penalize women who might want
- 26:28Speaker 3: to pick up an extra few hours, but we could
- 26:30Speaker 3: see if you pick up an extra few hours, you
- 26:33Speaker 3: paid for it another way. Yeah, exactly, And so women
- 26:36Speaker 3: were making that choice or families were making that choice,
- 26:40Speaker 3: and the changes we've made to PPL Really interesting is
- 26:43Speaker 3: that now that it's this budget brings in six months,
- 26:46Speaker 3: so it extends PPL to that full amount. Is now
- 26:50Speaker 3: that it's a bigger lump of time, more men or
- 26:53Speaker 3: the second parents are taking that time, which is great.
- 26:57Speaker 3: It's what we wanted to see, a bit more shared care,
- 27:00Speaker 3: flexibility for families, choice for families about how they approach it.
- 27:03Speaker 3: I mean, thankfully my kids mom through where you are.
- 27:08Speaker 3: I don't mean that sounds bad for that sounds bad
- 27:11Speaker 3: for my children too, but you know they're older now.
- 27:14Speaker 3: But yeah, I remember the juggle. It's really really hard,
- 27:17Speaker 3: and so part of what we've done in the last
- 27:20Speaker 3: four years is to try and make that.
- 27:21Speaker 1: Juggle just a bit easier. And you've come under fire
- 27:24Speaker 1: in recent weeks for saying that care is good for children.
- 27:28Speaker 1: And as a working mum, I went down the rabbit
- 27:31Speaker 1: hole making decisions about child care and trying to go
- 27:35Speaker 1: is this the right thing for my family? Is this,
- 27:37Speaker 1: you know, a decision that I'm comfortable making. And I
- 27:39Speaker 1: stumbled across the same research that you referenced that said
- 27:43Speaker 1: that child care was beneficial for children. But I think
- 27:46Speaker 1: people you know, and I don't want to justify it,
- 27:48Speaker 1: but I think people have potentially taken it out of
- 27:50Speaker 1: context where you're saying this can be really good for children.
- 27:54Speaker 1: But having interviewed you before, would it be correct of
- 27:58Speaker 1: me to say that it's not necessarily that you think
- 28:01Speaker 1: everyone should have their child in care, but rather have
- 28:04Speaker 1: the choice and feel confident with that.
- 28:07Speaker 3: That was what I was trying to say. I mean,
- 28:09Speaker 3: we're are you completely non judgmental about the choices you
- 28:13Speaker 3: make about your own family?
- 28:16Speaker 2: You know?
- 28:16Speaker 3: I see part of the work that we do is
- 28:18Speaker 3: about making sure the choices are available and those choices
- 28:22Speaker 3: are legitimate choices for people.
- 28:24Speaker 4: Yeah, people will make their own decisions based upon their
- 28:27Speaker 4: family circumstances, and we support that. What we do know
- 28:33Speaker 4: is over ninety percent of human brain development comes in
- 28:36Speaker 4: the first five years. And one of the things that
- 28:39Speaker 4: has happened in recent times as it goes through is
- 28:43Speaker 4: people still talk about childcare, but it's early education as well.
- 28:48Speaker 4: And one of the privileges that I have, because I
- 28:51Speaker 4: do love.
- 28:52Speaker 1: Babies, I didn't bring I know Katie was very disappointed.
- 28:56Speaker 1: She walked into my interview yesterday and was like, where
- 28:58Speaker 1: is the baby? Well, I know, if she was here
- 29:02Speaker 1: she would be there. I should.
- 29:06Speaker 4: I'm a bit of a baby whisperer.
- 29:07Speaker 1: Okay, I'll have to bring her back or something.
- 29:11Speaker 4: What it is? Sleep? Yeah, they go to sleep.
- 29:15Speaker 1: I did.
- 29:15Speaker 4: During the campaign. There were a lot of babies. I
- 29:18Speaker 4: got to say, none of them cried.
- 29:20Speaker 1: Politicians Kissing babies feels like a right of passage course, But.
- 29:25Speaker 4: Going into these centers and seeing what a largely young women,
- 29:31Speaker 4: but men as well, looking after these our little Australians
- 29:39Speaker 4: and watching them learn how to count and how to write,
- 29:43Speaker 4: and learning through education. I will point out here that
- 29:50Speaker 4: our interviewer does have a Bluey screensaver greensaver here, but
- 29:56Speaker 4: that's about education as well. A lot of what's in
- 29:59Speaker 4: in some of the shows and graphics.
- 30:02Speaker 1: So you're a fan of blue.
- 30:04Speaker 4: See Bleue wasn't around when my Nathan, who was He's
- 30:10Speaker 4: twenty five, so I missed out on the blue more.
- 30:14Speaker 1: You can get into it now. Honestly, I think there's
- 30:16Speaker 1: something for everybody in it.
- 30:18Speaker 4: I must say, I think I've seen every SpongeBob square
- 30:21Speaker 4: Pants episode, which works on different levels.
- 30:25Speaker 3: It does as does Bluey, but SpongeBob was.
- 30:33Speaker 4: A particular favorite when my Nathan was a little kid.
- 30:37Speaker 4: If he hears this podcast, he'll be embarrassed. And I'm
- 30:40Speaker 4: talking about that, so sorry about it.
- 30:42Speaker 1: Well, he does fall into my demographic, and I mean,
- 30:45Speaker 1: do you know what SpongeBob had that a lot of
- 30:47Speaker 1: Australians didn't have the ability to have a house.
- 30:50Speaker 4: It's true.
- 30:51Speaker 1: Yes, let's talk a very good see a little bit more.
- 30:55Speaker 1: I do try. Let's talk a little bit more about
- 30:58Speaker 1: home ownership. Because when I went to community and I said,
- 31:01Speaker 1: I'm getting this privilege, I get to talk to these people,
- 31:04Speaker 1: what do you want me to ask? Obviously, overwhelmingly so
- 31:07Speaker 1: people want to talk about housing, housing affordability, and when
- 31:11Speaker 1: it comes to home ownership, even the money savvy members
- 31:14Speaker 1: of my community are finding it really challenging to just
- 31:17Speaker 1: get a foot in the door. It feels overwhelming. And
- 31:20Speaker 1: with average Aussie homes now surpassing a million dollars, which
- 31:24Speaker 1: even ten years ago, I thought a million dollars was,
- 31:26Speaker 1: oh my goodness, never in a million years. But now
- 31:30Speaker 1: that just seems like a normal number that we throw around,
- 31:32Speaker 1: that my friends are purchasing houses to that value, and
- 31:37Speaker 1: the supply grants and incentives like the First Home super
- 31:40Speaker 1: Savior scheme, they aren't actually usable for a lot of
- 31:44Speaker 1: people in our community, which kind of I think reinforces
- 31:48Speaker 1: this false narrative or false idea of opportunity. So what
- 31:54Speaker 1: considerations has the government made that in this year's budget
- 31:58Speaker 1: to make just getting foot in the door more achievable.
- 32:02Speaker 4: Well, I think that this is a budget which has
- 32:06Speaker 4: housing front and center. We have done a lot since
- 32:11Speaker 4: we came in the government. The Housing Australia Future Funds
- 32:14Speaker 4: about increased public housing and there's some six thousand have
- 32:20Speaker 4: been completed already, something like twenty five thousand under construction
- 32:26Speaker 4: or planning, so there's that method. The build to rent
- 32:31Speaker 4: is about private rentals. We have a shared Equity scheme
- 32:34Speaker 4: that's about giving people the access to get their foot
- 32:39Speaker 4: in the door and then they can buy back their
- 32:42Speaker 4: share off the government down the track, and our five
- 32:48Speaker 4: percent deposit scheme has now been used by over two
- 32:52Speaker 4: hundred thousand Australians have to be first home buyers to
- 32:56Speaker 4: make a difference. We're doing all of that, but clearly enough,
- 33:01Speaker 4: and that's why we have made what's a pretty difficult
- 33:05Speaker 4: decision to change negative gearing and capital gains tax, so
- 33:10Speaker 4: that negative gearing with grandfather so if you have a property,
- 33:15Speaker 4: you keep going for as long as you have that
- 33:18Speaker 4: property using the existing system, but negative gearing will be
- 33:23Speaker 4: limited to new builds. So the difference between that and
- 33:29Speaker 4: the current system is the current system can benefit an
- 33:32Speaker 4: individual and investor can increase their wealth by investing in
- 33:39Speaker 4: a property, but if it's a new build, they're still
- 33:43Speaker 4: investing in their wealth, but they're also investing in the
- 33:46Speaker 4: wealth of the country because it's boosting supply, and the
- 33:50Speaker 4: key is supply, but also making sure that by changing
- 33:56Speaker 4: the system. So many people have said to me they're
- 34:02Speaker 4: at an auction. They simply can't get into the system
- 34:08Speaker 4: because they're competing against an investor who essentially has tax
- 34:13Speaker 4: payers on their side. So it's not a fair fight
- 34:18Speaker 4: if you like going forward, and that's why doing this
- 34:23Speaker 4: will make a difference. We estimate that there'll be something
- 34:27Speaker 4: like seventy five thousand young people will get access to
- 34:31Speaker 4: having a secure roof over their head as a direct
- 34:35Speaker 4: result of these changes that we're making.
- 34:38Speaker 1: Yeah, and you touched on negative gearing, and that is
- 34:40Speaker 1: something I would love to talk about. And to date,
- 34:43Speaker 1: the Albanese government has specifically ruled out any changes to
- 34:47Speaker 1: negative gearing and capital gains tax. It was an election
- 34:50Speaker 1: promise what informed the government's latest decisions to reform negative
- 34:55Speaker 1: gearing and then replace the fifty percent CGT discount with
- 34:58Speaker 1: an inflation based system, particularly given how politically sensitive those
- 35:03Speaker 1: policies have historically been.
- 35:06Speaker 4: But this was a decision. We didn't come too lightly.
- 35:10Speaker 4: But you've got to sit back, if you like, and
- 35:15Speaker 4: look at the counterfactual. What is it if we know
- 35:18Speaker 4: the system isn't working, particularly for young people, and if
- 35:22Speaker 4: we've got young people but also their parents and grandparents say,
- 35:25Speaker 4: I'm worried about young Victoria or young Victor ever getting
- 35:29Speaker 4: into a home, and you know, they're still living at
- 35:35Speaker 4: home up until they're you know, older and older as
- 35:40Speaker 4: it goes on, because they just can't get into home ownership.
- 35:44Speaker 4: If we knew that was the case, and we worked
- 35:47Speaker 4: out a way of doing change, and we have changed
- 35:51Speaker 4: our position, we're upfront about that doing change, but in
- 35:55Speaker 4: a way that doesn't disadvantage people who are in the
- 36:00Speaker 4: system already, who've made decisions to buy an investment property
- 36:05Speaker 4: and have it negatively yeared and to benefit themselves from
- 36:13Speaker 4: that investment. If there's a way that we could do
- 36:17Speaker 4: it to make people's lives better over a period of
- 36:22Speaker 4: time more and more. Then should we do that or
- 36:26Speaker 4: should we say art's too hard. Well, we're doing it
- 36:31Speaker 4: because it's the right thing, not because it's easy. And
- 36:35Speaker 4: we have had some criticism and we'll get some criticism
- 36:39Speaker 4: about that, and the job of government, I think is
- 36:44Speaker 4: to be prepared to listen, be prepared to engage, and
- 36:51Speaker 4: where essentially people have made a clear case to do so,
- 36:58Speaker 4: make a tough decision. And so we will introduce legislation
- 37:04Speaker 4: to make this change. And the question for those people
- 37:09Speaker 4: who say it's the wrong thing to do is will
- 37:11Speaker 4: they reverse it down the track? You know, because this
- 37:16Speaker 4: is the right thing to do. And so there will
- 37:19Speaker 4: be some personal criticism of me, and you know, I'll
- 37:25Speaker 4: have to wear that that's the truth. But you've also
- 37:30Speaker 4: got to be, you know, upfront that your views changed
- 37:34Speaker 4: when it does, rather than say, oh, well, we'll wait
- 37:38Speaker 4: for more years because the problem is getting worse unless
- 37:42Speaker 4: we intervened.
- 37:43Speaker 1: So when something gets put on your desk, like you've
- 37:46Speaker 1: come out and said we're not going to change negative gearing,
- 37:48Speaker 1: and then something gets put on your desk to say, look,
- 37:51Speaker 1: this would be really beneficial for the economy, we need
- 37:54Speaker 1: to consider it. How does that make you feel when
- 37:57Speaker 1: you go I know that I promised Australia that I
- 38:00Speaker 1: wouldn't do this, and now do you feel like you
- 38:03Speaker 1: have to?
- 38:03Speaker 3: Like?
- 38:03Speaker 1: What does that feel like? I guess from a personal perspective.
- 38:07Speaker 4: That certainly is a major factor and something that you
- 38:12Speaker 4: have to bear in mind. During the last turn, we
- 38:16Speaker 4: changed where the tax cuts were going. They were going
- 38:19Speaker 4: to benefit people like me. We're going to get the
- 38:23Speaker 4: big benefit, and low income earners, particularly young people anyway
- 38:29Speaker 4: I'm working part time wouldn't have got a cent from
- 38:34Speaker 4: the tax cuts. We made a tough decision. We went
- 38:37Speaker 4: out there. I went to the National Press Club and
- 38:40Speaker 4: said we're going to do this and we put our
- 38:43Speaker 4: case and we're putting our case on these changes as well.
- 38:49Speaker 1: I'm going to talk a little bit about the fuel excise,
- 38:52Speaker 1: so we know that that ends on June thirty, which,
- 38:55Speaker 1: by the way, happens to be my birthday. But understandably,
- 39:00Speaker 1: Unity is pretty nervous because fuel is very expensive and
- 39:03Speaker 1: something that we don't have a lot of choice over
- 39:05Speaker 1: whether we purchase or not. Can you ease our nerves
- 39:08Speaker 1: a little bit? What budgetary considerations have been made to
- 39:12Speaker 1: provide some relief once this ends.
- 39:15Speaker 4: We'll make decisions at the time closer to that date.
- 39:19Speaker 4: We made decision to cut the fuel excise in half,
- 39:23Speaker 4: but we also cut to zero the funds or support
- 39:30Speaker 4: that goes to heavy vehicle usage as well. The heavy
- 39:35Speaker 4: vehicle used to charge we reduced to zero. This war
- 39:41Speaker 4: is on the other side of the world. We're not protagonists,
- 39:44Speaker 4: but we don't have control over it, so we'll wait
- 39:47Speaker 4: and see as it is. I've got to say that
- 39:51Speaker 4: the price of fuel has dropped dramatically, not just because
- 39:57Speaker 4: of the fuel tax decrease, which is they're cutting that
- 40:05Speaker 4: in half, but also because of the supply issue. That
- 40:08Speaker 4: is also costing us some investment money as well. So
- 40:14Speaker 4: we're doing it in two different ways that are coming together.
- 40:18Speaker 4: We've got a fourteen and a half billion dollar fuel
- 40:21Speaker 4: security package in this budget. We think that will make
- 40:26Speaker 4: a substantial difference and is making a substantial difference. But
- 40:30Speaker 4: the truth is that there's volatility in the system. I
- 40:34Speaker 4: think people know that, and particularly you know, people who
- 40:38Speaker 4: listen to this podcast will know that as well, who
- 40:42Speaker 4: are interested in the state.
- 40:43Speaker 1: Of the world, well, the whole economy is incredibly volatile
- 40:47Speaker 1: at the moment, and there's just so much going on.
- 40:50Speaker 4: It's an extraordinary position that we're going through, one we
- 40:53Speaker 4: didn't see coming before February twenty eight. But governments have
- 40:57Speaker 4: to deal with it. We're dealing with it best as possible,
- 41:01Speaker 4: and it is something we are conscious of going forward.
- 41:04Speaker 4: But what we hope for is a de escalation in
- 41:08Speaker 4: the war. We want to see the Gulf of Hollmers opened,
- 41:11Speaker 4: and we want to see normal trade resume.
- 41:14Speaker 1: Yeah, and I guess that's a good touch point. Obviously
- 41:17Speaker 1: with the ongoing US Israeli war on Iran, it's fueled
- 41:20Speaker 1: so many conversations about our own resources and our economic resilience.
- 41:26Speaker 1: And governments reassess policy settings all the time when circumstances
- 41:30Speaker 1: change and things are different, and we've seen that shift
- 41:33Speaker 1: on policies like capital gains tax and negative gearing and
- 41:37Speaker 1: we've already touched on that in this interview. So with
- 41:40Speaker 1: that in mind, and when it comes to tax, will
- 41:44Speaker 1: we be reserved will we be revisiting the mining tax?
- 41:48Speaker 4: Prime Minister, Well, we have a PRRT that we did
- 41:53Speaker 4: in the first term of petroleum resource rent tax, and
- 41:58Speaker 4: there has been substantial misinformation out there to be frank.
- 42:04Speaker 4: The gas sector paid twenty two billion dollars in taxes
- 42:10Speaker 4: last year. They pay company tax, they pay royalties as
- 42:15Speaker 4: well as the power RT And the big issue that
- 42:19Speaker 4: we have concentrated on at the moment is supply. Doesn't
- 42:24Speaker 4: mean you can have any theoretical argument you like about
- 42:29Speaker 4: resources and fuel. The question is do we have fuel,
- 42:33Speaker 4: which in the lead up to easter, that was the
- 42:35Speaker 4: big issue which was there. And part of the reason
- 42:40Speaker 4: why we've been able to secure those fuel supplies is
- 42:44Speaker 4: that we are a country that one thing we will
- 42:47Speaker 4: never we don't revisit because of the issue of economic
- 42:52Speaker 4: sovereignty is contracts, which we have. So when you have
- 42:57Speaker 4: a contract that's in place, that's a two way street.
- 43:04Speaker 4: That's the way that international trade has to operate. So
- 43:10Speaker 4: at the moment, our absolute priority is based upon supply,
- 43:15Speaker 4: and I think that's been the right priority.
- 43:17Speaker 1: I feel like that makes sense. Now I'm going to
- 43:21Speaker 1: lay off the heat. I feel like that's been really good.
- 43:23Speaker 1: And I know that I'm running out of time with
- 43:25Speaker 1: you guys. If it is okay, I would love to
- 43:28Speaker 1: do some quick fire questions really quickly. Last time you
- 43:31Speaker 1: and I did this. It was a lot of fun. Katie,
- 43:34Speaker 1: You're in for a little bit of hopefully fun. Essentially
- 43:39Speaker 1: has to do it this time.
- 43:41Speaker 4: Both both why the Prime Minister is able to allocate
- 43:44Speaker 4: ministry so we can give different decisions to others.
- 43:48Speaker 1: Okay, I like this, So if I'm going to be
- 43:49Speaker 1: any minister, I want to be the Prime Minister so
- 43:51Speaker 1: that I can delegate exactly. Okay, perfect. Now with these, Katie,
- 43:56Speaker 1: we're just going with our gut and they are usually
- 43:59Speaker 1: pop culture your references. What are your thoughts on making
- 44:03Speaker 1: your own sourdough?
- 44:05Speaker 4: I wish I could.
- 44:06Speaker 1: Is that a thing for you, Katie?
- 44:08Speaker 3: I love eating it.
- 44:09Speaker 1: Haven't made it same except when it scratches the roof
- 44:13Speaker 1: of your mouth and then you're like, it was good,
- 44:15Speaker 1: but was it worth it?
- 44:16Speaker 4: I'm on a low carb diet too, so fancy trying
- 44:22Speaker 4: to avoid bread as much as possible. I don't you know,
- 44:26Speaker 4: I'm not completely disciplined about it, but I do try.
- 44:30Speaker 4: This job's really hard.
- 44:31Speaker 1: You go to just thread nibbles a croissant a day.
- 44:36Speaker 1: A croissant. I feel like, yeah, same.
- 44:39Speaker 4: Yeah, same. I have salad for lunch.
- 44:41Speaker 1: Absolutely not absolutely, you know what that would make you
- 44:44Speaker 1: quite depressed. I think we can change all right, tell
- 44:47Speaker 1: me subscription creep, hmmm, what is it having too many subscriptions?
- 44:55Speaker 1: Like no, just for you guys. Are we Netflix stand
- 44:58Speaker 1: every Apple subscription?
- 45:00Speaker 4: And is it a problem?
- 45:01Speaker 2: Yeah?
- 45:01Speaker 1: Yeah, is it a problem?
- 45:02Speaker 4: Yeah?
- 45:02Speaker 3: I've got a building network of subscriptions for sure.
- 45:05Speaker 1: I like that. I don't have time, you don't have time.
- 45:08Speaker 1: I like it. Thoughts on chat GPT.
- 45:13Speaker 4: It is a fact of life that AI is going
- 45:19Speaker 4: to have a huge impact on the way that we work,
- 45:22Speaker 4: the way that we live. What we'll going to do
- 45:25Speaker 4: is make sure that humans are still in control.
- 45:29Speaker 3: I find it helpful, but agree on the big stuff
- 45:32Speaker 3: that I do. Ask quite a lot of questions.
- 45:35Speaker 1: I wouldn't want that search history public, neither would I.
- 45:40Speaker 1: How do you make sourdo? Yeah? That's how I'm using
- 45:43Speaker 1: it as well. I feel like I need to level
- 45:45Speaker 1: up on my AI capabilities. The single tax, the tax
- 45:51Speaker 1: on single people.
- 45:54Speaker 3: I don't know what.
- 45:55Speaker 1: It's not a specific tax. It's more that life is
- 45:58Speaker 1: more expensive when I.
- 46:00Speaker 3: See, well, you know, I think we try and make
- 46:05Speaker 3: sure that the tax system works for everybody. I don't
- 46:08Speaker 3: think you know, you don't we don't come at it
- 46:12Speaker 3: with that view at all, that we're trying to disadvantage
- 46:15Speaker 3: any particular.
- 46:16Speaker 4: Well, it is something I'm very conscious of, mainly because
- 46:20Speaker 4: of my now wife, Jodie Hayden, who works in the
- 46:23Speaker 4: finance sector. It's very conscious about it. She felt like
- 46:29Speaker 4: the system particularly didn't work for her for a long
- 46:34Speaker 4: period of time.
- 46:35Speaker 1: Well, maybe we could have single in the budget next year,
- 46:39Speaker 1: because I did do a quick little control off of
- 46:41Speaker 1: the hundreds and hundreds of pages and not once did
- 46:44Speaker 1: we mention single people and how the world is a
- 46:48Speaker 1: lot more expensive for choosing not to settle down with
- 46:51Speaker 1: the wrong person. Tell me about looks maxing looks maxing
- 46:58Speaker 1: looks maxing. Fine, it is a pop culture reference where
- 47:04Speaker 1: there are a group of men, mainly in America, who
- 47:07Speaker 1: are trying to make themselves the most esthetic versions of
- 47:10Speaker 1: themselves because they think they'll be more powerful.
- 47:15Speaker 3: Yeah, I think it's one of those things that you know,
- 47:17Speaker 3: it's another like having a young son as well. I
- 47:21Speaker 3: know this kind of hyper masculinity and kind of this.
- 47:25Speaker 1: You know, it's a big thing.
- 47:26Speaker 3: It's a big thing on social media, and so yeah,
- 47:29Speaker 3: it's one of another thing that we try to you know,
- 47:31Speaker 3: manage his parents and you know it's a lot, isn't it.
- 47:34Speaker 1: It is support.
- 47:36Speaker 4: I think the pressure on as much as going to
- 47:40Speaker 4: be made. The pressure on women is so much more
- 47:43Speaker 4: than pressure on me. And I know around this building,
- 47:47Speaker 4: you know I got a white shirt on here.
- 47:50Speaker 1: Oh that would never work. We can't just roll out time.
- 47:54Speaker 4: You just change your tie. That must be really and
- 47:57Speaker 4: you can do that. Whereas the press shrem women, people
- 48:01Speaker 4: will comment on what they're wearing and how it looks.
- 48:04Speaker 4: It isn't the right right look, I think we have
- 48:08Speaker 4: it easy.
- 48:09Speaker 1: What about the price of eggs? How much does it
- 48:12Speaker 1: does an egg cost?
- 48:13Speaker 4: Does it depend? This is of course always a trick
- 48:17Speaker 4: question because there are so many different It is.
- 48:22Speaker 1: All right, but we're not buying cage eggs, are were
- 48:24Speaker 1: Prime Minister?
- 48:25Speaker 4: No?
- 48:25Speaker 1: No, of course not, thank so. What's what's some free
- 48:29Speaker 1: range eggs?
- 48:29Speaker 4: So the last time I looked was around about six dollars.
- 48:33Speaker 1: Seventy Okay, I feel like that might be a little
- 48:35Speaker 1: bit off, but we will pretend to that that wasn't
- 48:38Speaker 1: a thing.
- 48:39Speaker 3: Yeah, well there I was buying some the other day
- 48:42Speaker 3: and there's there's some pretty good offers at my local
- 48:45Speaker 3: IgA in that order around six point fifty good damn
- 48:48Speaker 3: free range.
- 48:49Speaker 1: Yeah all right, well I might buy eggs in Cambra,
- 48:52Speaker 1: not Melbourne. All right. Tell me about the met Gala.
- 48:57Speaker 4: Oh gee, some of the look you couldn't look away
- 49:02Speaker 4: from it. It was everywhere, And I think that some
- 49:07Speaker 4: people looked spectacularly good and some just looked really weird.
- 49:13Speaker 1: I agree, I agree, like I'm glad I'm in finance.
- 49:18Speaker 1: Like wearing film, It's a choice, isn't it.
- 49:21Speaker 4: Sabrina Carpenter is wonderful.
- 49:24Speaker 1: But she heard it here first.
- 49:25Speaker 4: On the film wrapped around her from Sabrina the movie,
- 49:32Speaker 4: which was an interesting choice. And there were others who
- 49:37Speaker 4: had like separate arms up and it's a choice false
- 49:42Speaker 4: arms and things. That was quite spectacular. Now some of
- 49:48Speaker 4: it was just weird.
- 49:49Speaker 1: Now. Last time I was here, we spoke about our dogs,
- 49:52Speaker 1: because we both bring our dogs to work.
- 49:54Speaker 4: And I will bring up my dog at any exactly
- 49:59Speaker 4: and I must. There is competition. There is because Pip,
- 50:03Speaker 4: which is Katie's dog, is also very love.
- 50:07Speaker 1: I know Pip, She's a very beautiful rescue kelpie. But
- 50:11Speaker 1: in our community, I charge my community members what I
- 50:15Speaker 1: call pet tax. So if anyone in our community mentions
- 50:19Speaker 1: their dog, they have to send me a photo of
- 50:21Speaker 1: their dog, because I find that quite rue. Fair enough
- 50:23Speaker 1: for you to mention the dog and not share an image.
- 50:25Speaker 1: Would you share photos of your dogs with me later
- 50:28Speaker 1: to share with my community.
- 50:30Speaker 4: I do it regularly. Thank you?
- 50:32Speaker 1: You do you do? Last time I was here, you
- 50:35Speaker 1: air dropped me a few.
- 50:36Speaker 4: You can pick my Instagram posts that I put up personally,
- 50:41Speaker 4: much of the chagrin of my social media team, because
- 50:46Speaker 4: they're always successful if they include Toto that is true,
- 50:50Speaker 4: not enough Toto content.
- 50:52Speaker 1: Give the people what they want exactly. Prime Minister men,
- 50:56Speaker 1: it is.
- 50:56Speaker 4: The ring bearer in our wedding.
- 50:58Speaker 1: See we'll need a picture of that, I think. Drop
- 51:00Speaker 1: it into the peck tax thread on my Facebook group,
- 51:03Speaker 1: Minister Gallagher. Prime Minister, thank you again for joining us
- 51:06Speaker 1: and answering our communities questions. My friends, if you've had
- 51:09Speaker 1: an AHA moment about the budget or learned something about
- 51:13Speaker 1: our ministry, please share this episode with a friend. Review
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