Federal Treasury accidentally released details of advice to the government, explaining doubts about Labor's housing target and advice to pursue tax reform.
00:00You've always spoken about the importance of and value of independent advice.
00:06Treasury says you can't fix the budget without raising taxes or slashing spending.
00:11So are you open to this advice?
00:14Well, a couple of things about that.
00:15I mean, first of all, you're responding to some headings in the advice that we've got in the incoming government brief.
00:21Obviously, Treasury advises governments of both political persuasions.
00:26That advice can't be always adequately captured in the subheadings which are reported in documents which are sent in error.
00:36And what's happened here is a Treasury official has sent those documents in error.
00:40That sort of thing happens from time to time.
00:42I'm pretty relaxed about it, to be honest, because, of course, Treasury provides advice for incoming governments,
00:49and no government typically goes into the detail of that.
00:53The other reason I'm pretty relaxed about it is we've already made it really clear that we will need to do more to meet our housing targets.
01:02We've already made it really clear that we will do more to make our economy more productive and more resilient.
01:09We have made it clear that we need to build on the progress we've made in repairing the budget so that we can make the budget even more sustainable.
01:18So the priorities which are being reported today are not, you know, those are the sorts of things that I have mentioned before,
01:28including at the National Press Club.
01:29I gave a whole speech on how we need to do more to meet our housing targets.
01:34We do need to do more to make our budget more sustainable and our economy more productive.
