Brendan Nelson's National Press Club Address

Dr Nelson says

There are in my view five key challenges for Australia's future which will be the basis upon which we will and have already commenced the process of building policy.

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Meanwhile, in question time today, treasurer Swan lied, again over the issue of inflation.
As Mr Turnbull points out

The Treasurer in Question Time today again claimed that inflation had "been on the march for the last couple of years."
Further, Mr Swan claimed: "That’s what the Reserve Bank says, that’s what the Treasury says...”
This is incorrect. The Treasury Secretary, in fact, has stated the opposite.
The Pre-Election Economic and Fiscal Outlook (PEFO) contains a signed declaration (see attached) from the Secretaries of Treasury and Finance dated 22 October 2007, one month before the election, stating inter alia
“ ... we declare that, to the fullest extent possible, the information in the Pre-Election Economic and Fiscal Outlook 2007 for which we are responsible:
(i) reflects the best professional judgment of the officers of the
Treasury and the Department of Finance and Administration;
(ii) takes into account all economic and fiscal information available;...”
The PEFO contains no warnings that inflation was on the increase. Indeed, on page 1 it specifically states that: “Wage and inflation pressures in the near-term are expected to ease over the forecast horizon” ie. by July 2009.
Table 2 sets out the Major Economic Parameters. It shows that at the time of the last election "the best professional judgment of the officers of the Treasury and the Department of Finance and Administration, (taking) into account all economic and fiscal information available" on inflation was:

Mr Swan should start telling the truth about inflation and stop talking down the economy.