Senate debates
Monday, 7 November 2011
Bills
Clean Energy Bill 2011, Clean Energy (Consequential Amendments) Bill 2011, Clean Energy (Income Tax Rates Amendments) Bill 2011, Clean Energy (Household Assistance Amendments) Bill 2011, Clean Energy (Tax Laws Amendments) Bill 2011, Clean Energy (Fuel Tax Legislation Amendment) Bill 2011, Clean Energy (Customs Tariff Amendment) Bill 2011, Clean Energy (Excise Tariff Legislation Amendment) Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment Bill 2011, Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment Bill 2011, Clean Energy (Unit Shortfall Charge — General) Bill 2011, Clean Energy (Unit Issue Charge — Auctions) Bill 2011, Clean Energy (Unit Issue Charge — Fixed Charge) Bill 2011, Clean Energy (International Unit Surrender Charge) Bill 2011, Clean Energy (Charges — Customs) Bill 2011, Clean Energy (Charges — Excise) Bill 2011, Clean Energy Regulator Bill 2011, Climate Change Authority Bill 2011; In Committee
11:51 am
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
They have yet to come up with a properly costed policy. So they can lecture us all they like about fiscal responsibility. We know those over there are no Peter Costello.
So I again say there is $5½ billion worth of assistance under the Energy Security Fund, designed to reduce energy security risks. We are, clearly, providing assistance to the most emissions intensive generators in the country. I accept there are some generators who do not agree with that decision. The reason the government have taken that policy decision is that the advice to us from modelling and from experts is that this is the best way of reducing risks to energy security. That is why we are structuring the package in the way that we have.
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