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

I could not have been more explicit: the government remains committed to the abolition of the Clean Energy Finance Corporation and ARENA for the reasons that have been well and truly articulated over many, many hours of debate in the past and for some time. We do intend to revisit that legislation early in the new year. In relation to the passages that Senator Milne referred to in the actual bill, let me also, again, say emphatically that the government will not make any regulations to facilitate or allow the trading in international permits. One hundred per cent of our emissions reduction effort through this legislation will be a domestic effort. It will exclusively be a domestic effort. We will not be providing, in regulations, for the capacity to trade permits internationally.