On 28 September 2022 the Senate established a select committee, to be known as the Select Committee on the Cost of Living, to inquire into and report on:

1. the cost of living pressures facing Australians;
2. the Government's fiscal policy response to the cost of living;
3. ways to ease cost of living pressures through the tax and transfer system;
4. measures to ease the cost of living through the provision of Government services; and
5. any other related matter.

The submission closing date is 12 May 2023.

The reporting date is 31 May 2024.