Steven Ciobo (Moncrieff, Liberal Party) Share this | Hansard source

by leave—The coalition members agreed to the discharge of this inquiry by the Standing Committee on Economics, but it is worth putting on the record some of the background as to why the initial referral of Appropriation Bill (No. 3) 2011-2012 and Appropriation Bill (No. 4) 2011-12 to the committee took place. The referral was done as a safeguard because we have unfortunately seen from this government's past form an increase in the debt ceiling that was pushed through as part of the appropriation bill. With Appropriation Bill (No. 3) and Appropriation Bill (No. 4), the coalition was very aware of its responsibility to the Australian people to ensure that once again the government was not attempting to increase the debt ceiling through the use of these two pieces of legislation. That is the reason the referral took place.

We on this side of the chamber will remain vigilant and steadfast in our opposition to the continued reckless spending of this government and to the lack of good control when it comes to debt and deficit. For that reason we will continue, where appropriate, to refer bills—even if they happen to duplicate some of the work the Senate is doing—if it means putting in place a safeguard to protect Australia's future and the Australian people from the reckless spending of the Labor government.

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