Senate debates

Thursday, 15 September 2016

Bills

Budget Savings (Omnibus) Bill 2016; In Committee

9:46 pm

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

I have answered that question. The Clean Energy Finance Corporation, which has within it the CEIF, has an overall capital allocation of $10 billion. That was the allocation before today; that will be the allocation after today, should this bill pass. On top of that, we have agreed to restore $800 million in funding to ARENA, for the purpose of ARENA being able to provide direct grants, which is funded from separate savings within the omnibus bill—namely and principally the changes to family tax benefit supplement arrangements.

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