It's been one thing to see that Australia is entering into its first recession in 29 years—a remarkable event in and of itself. The amount of growth that's happened in the Australian economy, especially over the last seven years, all comes down to coalition governments.

I rise to take note of the answer given in question time. As I said in my first speech earlier this year, we are the party of good government. Of that, there can be no doubt.

Good government means good governance, and that means good stewardship of public moneys—something those on the other side know little about.

I rise to take note of answers in question time that highlight the government's positive plan for a strong economy that creates more jobs for Australia. As Minister Cormann has stated in question time today, the fundamentals of the Australian economy remain sound. We have a AAA credit rating, record labour market participation and welfare dependency at its lowest level in three decades.

We've heard a lot about jobs in relation to this motion. What the senator should be taking note of is that wages have increased across the economy by 2.3 per cent in the past year. So, while the inflation rate is only 1.6 per cent, wages are going up in very real terms. As the senator should know, wages can only go up when conditions are set that way. And, with the headwinds we're facing, our economy is very well set to perform better than all others.