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

It is a very broad question, but certainly in relation to the floor price the government have made clear that we have undertaken extensive consultations. We have certainly received a number of submissions regarding the operation of the floor price. Earlier this year the government released a discussion paper on possible options for implementing the floor price, and no decision has been taken on this issue because we are still consulting with interested parties.

Of course, if the senator is concerned about high prices, we know that the highest carbon price that could be imposed on the Australian economy is that which would be imposed should Tony Abbott ever be in a position to implement his policies. We know what that would mean: a $1,300 a year tax on every Australian.

Opposition senators interjecting—

Senator Brandis interjecting—

How sooky sooky la-la again, George! You don't want—