Parliament discusses what to do about rocketing prices

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Parliament discusses what to do about rocketing prices
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REPORTER: The first steps towards higher fuel efficiency standards on new cars sold in Australia will be taken later this year.DAVID LITTLEPROUD, NATIONAL PARTY LEADER: If you take away particularly utes, they’re tools of the trade.LAURA TINGLE, CHIEF POLITICAL CORRESPONDENT: It may be the first week of a parliamentary year but there is a bit of a feeling of hiatus in politics.

CHRIS BOWEN: This is not a radical change, it’s an important change for Australia. 85 per cent of cars and utes and SUVs sold around the world are sold under vehicle efficiency standards. They can do that across their fleet and we will require them to improve gradually, but clearly over time, the quality of vehicles they send to Australia when it comes to fuel efficiency.And culture wars - even beyond pure partisan politics - are never all that far away from modern politics, as we saw on the forecourt of Parliament House on Monday.

LIDIA THORPE, INDEPENDENT SENATOR: So many governments have ignored working class people and the battlers in this country. This piece of legislation is very important. LAURA TINGLE: Veteran competition and consumer advocate Allan Fels was commissioned by the ACTU to produce a report on price gouging, which he launched at the National Press Club today

ALLAN FELS: Immediately there are some things to be done. Tomorrow morning, we could cut prices of electric cars but changes to the competition law could be done very quickly.

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