Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The delay in the CPRS will change the fiscal impact of the CPRS, but with the extra transitional assistance and the rephasing of the Climate Change Action Fund the scheme will remain broadly neutral over the forward estimates. Many of the CPRS industry and household assistance measures are linked to the carbon price. The budget measures have been adjusted to reflect the delay between commencement and the lower initial carbon price.

The 2009-10 budget is the first budget to record revenue from the Carbon Pollution Reduction Scheme. The budget includes the new announcements made by the government in relation to the scheme’s delay, the fixed price start and the additional EITE support through the global recession buffer. The government considered the budget impacts when deciding to delay scheme commencement. With the delay in scheme commencement, revenue from the scheme will be delayed and the government will use every cent it receives from the sale of Australian emissions— (Time expired)