Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

That is what he said! He said it is sovereign risk. What he is saying is that ensuring that Australian businesses have the gas they need is a sovereign risk. That is right!

What about ensuring that companies that own the poles and wires are not able to game the system and charge more and more, and add $6½ billion to consumers' costs? The reform that the minister for energy has announced is one that is consistent with the way that other utility sectors are treated, so it is thoroughly consistent. It removes an anomaly, it protects consumers and it protects businesses. And what does the member for McMahon say? 'Oh, it's a sovereign risk.'

I will tell you what the biggest sovereign risk in Australia is—a Labor government! We won't have one!

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