Thank you to your CEO James Voortman for the invitation to join you for breakfast this morning.

And thank you to all of you for the contribution you make to our nation.

This room represents:

Over 3,800 dealerships.

64,000 jobs - including 7,500 apprenticeships. 

Tens of billions of dollars of economic activity.

And behind all of it, people with the aspiration to build a business.

The courage to invest in themselves.

And the countless hours of hard work required to make that investment pay.

ANTHONY ALBANESE, PRIME MINISTER OF AUSTRALIA: I want to welcome Your Majesty the King on your first visit to Australia since your ascension. It's a pleasure as well to welcome Her Majesty the Queen, who has of course a very special relationship with our country. Australians have a great affection for both of you, and we also have a great affection for Denmark. Many of us have travelled there. We understand each other, our countries share very similar values about human rights and democracy.

Prior to Question Time today, David Littleproud did me the courtesy of informing me that he would be stepping down as Leader of the Nationals.

As has always been the case, we were able to have that genuine and personal conversation with total confidence. I have always valued that and I thank him for it.

ANTHONY ALBANESE, PRIME MINISTER: Good morning, thanks for joining us. Can I just begin by giving a shout out to the communities, particularly in the Northern Territory, but as well in Queensland? A large monsoon trough remains over the top end of the Northern Territory and it's impacting communities across the Big Rivers region. Heavy rain as well is there in South East Queensland as the tropical low continues to track south. South East Queensland is expected to experience large rainfall totals today.

Iran’s reprisal attacks continue to escalate, already at a scale and depth we have not seen before; 12 countries in the region are continuing to be targeted.

The United Arab Emirates (UAE) alone has been forced to shoot down over 1,500 rockets and drones. This growing wave of dangerous and destabilising attacks from Iran puts civilian lives at risk, including Australian lives.  

In responding to requests, Australia will deploy an E-7A Wedgetail to the Gulf to help protect and defend Australians and other civilians.  

KIERAN GILBERT, HOST: Prime Minister Albanese, thanks for your time, I know you've been meeting with the National Security Committee again. It's a week into this conflict. Reports that some Australian submariners were on board a US sub that sank an Iranian ship. Can you confirm that for us?

ANTHONY ALBANESE, PRIME MINISTER OF AUSTRALIA: Thank you very much for joining us. And it is wonderful to have welcomed my friend, Mark Carney, the Prime Minister of Canada to Australia. And to be able to reciprocate the generous hospitality that I received at last year's G7 Summit. Canada is one of Australia's closest and long standing partners.

1. The Prime Minister of Australia, the Honourable Anthony Albanese MP, welcomed the Prime Minister of Canada, the Right Honourable Mark Carney, to Canberra for his first official visit to Australia as Prime Minster.

Prime Minister Carney, Madame Fox-Carney, it is my great honour and absolute pleasure to welcome you and all the members of your delegation to our Parliament, on behalf of the people of Australia.

And I know I speak for every member of this place, when I say we are very much looking forward to your address.

ANTHONY ALBANESE, PRIME MINISTER OF AUSTRALIA: Prime Minister and your delegation, you are very welcome in Australia. Our two nations share values. We share common interests as well. One of the things that we've been discussing over a period of time is as middle powers, how we can cooperate across the whole sphere of economic, defence, social, environmental relationships as well. We're both impacted by climate change, and one of the practical ways that we assist each other is your firefighters helping us and our firefighters helping you.