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Australia news live updates: heavy rain sparks evacuation orders for parts of northern NSW; federal budget to address cost of living

Today it’s been revealed that the unemployment rate will have a friend for the first time in 50 years. This is a remarkable achievement that belongs to 26 million Australians. We’ve avoided the scouring of the labour market so reminiscent of previous recessions in Australia in the 80s and 90s.

We now have an unemployment rate that is very, very low and we are banking that dividend, now with the cost of living.

There are real pressures right now on Australians. It’s the number one topic around the kitchen tables of Australia.

So tonight, in a temporary, in a targeted, in a responsible way, we will provide cost of living relief.

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