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

It has been. We consulted with our colleagues. We have improved it to ensure that there is effectively a mechanism that makes it absolutely clear that any change to emissions standards cannot put up prices. That's a very important safeguard. Overall, what Labor has failed to do is focus on price. That is what we're focusing on. We're having success with it. But there's more work to do.

The announcements we made today, as recommended by the ACCC, will save families and businesses hundreds of dollars. They're long overdue. I thank the ACCC for their recommendations, which would never have arisen had it not been for the inquiry being commissioned by the Treasurer 15 months ago. It's a great piece of work. I'm glad that Labor is supporting, or claiming to support, at least one part of it. But this is an opportunity to make a really material difference to people's electricity bills and get them lower. That's what they want us to do for them: cheaper electricity.

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