Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The coalition have searched far and wide for an economist who will say this is a good idea, because what we know is this: the Treasury say it is not a good idea and the Department of Climate Change and Energy Efficiency say it is not a good idea. Where are the economists who say it is a good idea? Really, I think Mr Turnbull had it right. Mr Turnbull essentially said that there are no economists who can be found to support your policy. You are a party that pretends to be economically and fiscally responsible. You have put forward a policy with a bunch of black holes associated with it, which will cost three times more than you told the Australian people, $20 billion more—$720 from Australian families—and you have no economic basis, no economic credibility and no economic rigour to your policy whatsoever. And Mr Turnbull and other people in your party know it. (Time expired)