Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

As I have said already, the regulatory impact statement will be available with the legislation. The exposure draft, in the interests of discussion with the Senate, we propose to put before a Senate committee. What seems to lie behind Senator Trood’s questions is a view that we should not have proper regulation for this market, and I know that there are some on that side who do not believe in regulation for markets. We are setting up a market and, yes, we will ensure that it is robust, credible and prudent, and we will put in place proper regulation. I would ask those opposite to consider that their leader is on the record as saying that he supports an emissions trading scheme. This might be news to Senators Joyce and Boswell, but their leader has said that he believes in an emissions trading scheme. So I await the opposition putting on the table—