John Watson (Tasmania, Liberal Party) Share this | Hansard source

I want to speak briefly. I hope that the listening audience and the senators realise the impact of the statement that has just come from the parliamentary secretary. As a member of the committee that drew some attention to these sorts of issues, I think the fact that the government is going to monitor the progress and any likely adverse impact on the industries involved is good. I think it will encourage further investment to continue the good work that the biofuel industry has been carrying out, given what it has achieved to date. I congratulate the parliamentary secretary and I congratulate the Treasurer because this really is a good outcome. We have a transitional period and, during that transitional period, the situation will be monitored and any adverse effects will be taken into account, so I think we close with a good outcome.