Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

I thank the member for Menzies for his question about the safeguard mechanism, which is being debated in the Senate as we speak, and I expect there will be a majority of senators who vote for it. We have entered into good-faith discussions across this parliament. Those opposite chose not to be involved. They chose again to be the observers of Australian politics rather than the participants in Australian politics. I am asked about what industry has had to say about what has been announced. The Business Council of Australia have said this:

Business welcomes progress towards ending the impasse on climate and energy policy and delivering certainty about the future.

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Businesses agree that we can't make the same mistakes as the past by letting ambiguity and uncertainty undermine progress, Australia needs a credible, durable framework to reach its climate targets and grow the economy.

Innes Willox, from the Australian Industry Group, said this: 'It's a good deal. Overall, industry will view the announced deal with some relief that pragmatism and reasonable compromise have prevailed. This gives industry the certainty it needs to make the investments it needs to both keep the lights on and industry moving.'

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