Simon Birmingham (SA, Liberal Party, Shadow Parliamentary Secretary for the Murray Darling Basin) Share this | Hansard source

I would refer anybody interested in the opposition’s detailed position on this to the remarks I made yesterday in response to the first parcel of government amendments, in which I mistakenly canvassed these amendments in great detail. Suffice to say the opposition does support these amendments. We support them because we want to see some mechanism that deals with the issue of banked credits to provide some investment certainty for industries under the LRET, and we think that it is important that a smoothing-out mechanism is applied. We note that these amendments achieve that within certain parameters and we note that in doing so they will hopefully provide that certainty. We further note that the nature of the measure proposed may, of course, have some slightly earlier cost impacts but that they will be offset by slightly reduced cost impacts in the latter part of the scheme.

Question agreed to.