Anthony Chisholm (Queensland, Australian Labor Party, Assistant Minister for Education) Share this | Hansard source

We do not support the disallowance of this instrument which would undermine the contractual arrangements already entered into by the Commonwealth and Golden Beach energy in good faith. The former government fixated on a gas-fired recovery, which has turn into a bin-fire.

The Albanese government is fast-tracking the uptake of renewables through its Powering Australia plan. What we won't do is to push over projects that have made commercial decisions on the basis of committed, contracted government funding that is already being delivered, all for the sake of political pointscoring. We look carefully at existing government programs through our audit of wasteful spending. The government has redirected more than $50 million in gas infrastructure spending from the previous government's accelerating priority gas infrastructure measure.

Agreeing to this motion would undermine existing contractual arrangements, pose risk for the Commonwealth and create sovereign risk for investors.