ANDREW CLENNELL, HOST: Well, Prime Minister, thanks for attending this event once again. A passionate and optimistic speech. Now, my first question is, to coin a former PM's phrase, are we in the per capita recession we had to have?

I begin by acknowledging the traditional owners of the land on which we meet and I pay my respects to their elders past, present and emerging.

I’m grateful for the invitation to address this second annual forum on Australia’s Economic Outlook.

Ahead of today, I looked back to the economic challenges we spoke about this time last year:

The aftershocks of the pandemic and the impact on inflation and supply chains.

The continuing devastation of conflict in Ukraine - and now the Middle East as well.

I am pleased to announce the Governor-General has accepted my recommendation to reappoint Dr Steven Kennedy PSM as Secretary of the Department of the Treasury.

Dr Kennedy is one of the country’s most experienced public servants and his diligence and dedication represents the best traditions of the Treasury.

Having served for more than 30 years in the public service, Dr Kennedy’s extensive experience and outstanding leadership will be an ongoing asset for the department and the Government, as we continue to implement our economic reform agenda.

Today we mark the 80th anniversary of D-Day. We give our thanks to all who stood for liberty – and we remember all who fell.

I’m pleased to inform the House that the Governor-General, David Hurley, and Mrs Hurley are in France representing Australia at the commemorations.

D-Day was an unprecedented feat of collective willpower and daring – the free world’s decisive reply to the poison of Nazi tyranny.

DAVID PENBERTHY, HOST: He's been gracious enough to cede some of his time this morning to the Prime Minister of Australia who's just called in. Prime Minister, good morning to you.

ANTHONY ALBANESE, PRIME MINISTER: Good morning. Great to be back in Adelaide.

PENBERTHY: So are you back here today, Mr Albanese?

ANTHONY ALBANESE, PRIME MINISTER:  Well, firstly, congratulations to Billy Slater and to Queensland on a big Origin win last night. I'm sure New South Wales will take a lot out of the game, a lot of first timers, and it's pretty tough to play 12 on 13 but look forward to the second game in Melbourne. But here in Adelaide, I was at the ACTU Congress last night, and it is a great gathering of working people.

I acknowledge the traditional owners of the land on which we meet and I pay my respects to their elders past, present and emerging.

To the magnificent duo of Michele O’Neil and Sally McManus, thank you for your leadership, your friendship and all you do for working people.

It is a great honour to address this Congress for the first time as Prime Minister of Australia. 

I have to say, over the years, some of us from New South Wales and Queensland always had a suspicion that the Victorians and South Australians were running this show.

Good evening, friends.

Buona festa della repubblica!

It’s such a pleasure to be with you to celebrate Italy’s national day.

The story of Italian Australians is deeply and proudly woven into the fabric of our nation.

Over so many generations, Italian families have made their lives here and enriched this country beyond measure.

You have played such a cherished role in the shaping of our modern nation that Australia without Italians is quite simply beyond imagining.

ANTHONY ALBANESE, PRIME MINISTER: Well, two weeks ago we delivered a Budget for every Australian. A tax cut for every single taxpayer, all 13.6 million of them, not just some. Support through energy relief of $300 for every household, not just some. Medicare strengthened in every single community and more homes for every part of Australia. Our $32 billion housing investment, homes for Australians is making a significant difference. And part of that $32 billion was the $2 billion Social Housing Accelerator that we put in place last June.

SARAH MACDONALD, HOST: The Prime Minister, Anthony Albanese, joins me now. He's just landed in Sydney on his way to an announcement about social housing. I think you're in a tunnel, but can you hear me, Prime Minister?