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 reporting date is 30 November 2023.

The resolution establishing the Committee is available in the Journals of the Senate No. 15 – 28 September 2022.

The resolution of appointment of the Select Committee on the Cost of Living was varied on 14 September 2023, to provide for substitute membership. The amended resolution is available in the Journals of the Senate No. 72 - 14 September 2023.