Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Singh. What is described in an Orwellian fashion as the 'Steel Transformation Plan' was in fact nothing other than a last minute bit of compensation at the behest of various union representatives to repair the injury that the carbon tax was putting into the steel industry. Of course, by getting rid of the carbon tax we remove the injury but we make sure that Australian business can be more competitive again internationally and is able to compete on more of a level playing field. As such, there is absolutely no reason to keep the compensation for an injury that this government is about to remove.