House debates

Thursday, 15 December 2022

Bills

Treasury Laws Amendment (Energy Price Relief Plan) Bill 2022; Consideration in Detail

11:54 am

Photo of Ted O'BrienTed O'Brien (Fairfax, Liberal Party, Shadow Minister for Climate Change and Energy) Share this | Hansard source

In light of the lack of detail and of advance notice of this bill, there are any number of questions that need to be answered. I'll start with this one, if I may. In situations where gas demand is forecast to exceed available supply, who decides who gets $12 gas and who goes without? Which minister or department will be responsible for making that decision and on what basis will it be made? Further, will gas power generation be prioritised, or will the lights be allowed to go out?

Another question goes to the confusion caused by the government between the various documents associated with the bills. The consultation paper on the Treasury website says the Western Australian gas market will be excluded from the price cap. Which section of the primary legislation excludes Western Australia from that price? Further, on this issue, how can Western Australia be excluded from the price cap under section 53ZG of the primary legislation? Further, how does section 53ZZ(2) not directly conflict with section 53ZG of the primary legislation?

Further, does the bill or an instrument made under it prohibit a gas user from buying gas on a long-term contract and subsequently exporting it? Does the bill or an instrument made under it prohibit a gas user from buying gas on a long-term contract and subsequently reselling it in the spot market? The media release of 9 December from the Prime Minister stated:

The Commonwealth Government will partner with States and Territories to deliver targeted and temporary relief on power bills to eligible Australian households and small businesses that are customers of electricity retailers.

My question is: what is the mechanism for this? Also, will a small business with a turnover of $50 million benefit from energy price relief under this bill? Will a small business with 25 staff benefit from energy price relief under this bill? How many small businesses in Queensland will benefit from energy price relief under this bill? Will a small manufacturing business in Queensland employing 15 staff and with an annual energy consumption of 102 megawatt hours benefit from energy price relief under this bill?

All of these are questions you would expect the minister to be able to answer, and I will close early to give him the opportunity to do so.

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