Martin Ferguson (Batman, Australian Labor Party, Shadow Minister for Transport, Roads and Tourism) Share this | Hansard source

Isn’t it true that the resources sector itself has asked for this efficiency override because of a lack of certainty on investment in the iron ore industry which is now holding back potential investment, effectively meaning that other countries are now getting investment in the iron ore industry to the detriment of Australia, and that a potential amendment of part IIIA of the Trade Practices Act is just not about the iron ore and resources sector; it also includes, for example, the electricity generation sector? Given that the government’s own task force said such an efficiency override ‘would minimise the risk that access regimes would disrupt the very areas of the economy that have performed best in the management of export related infrastructure,’ is the government ruling out an amendment to part IIIA of the Trade Practices Act to fix this issue once and for all so as to secure investment in Australia in not just the resources sector but also a range of other industries such as electricity generation?

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