Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:02 pm

Photo of Jonathon DuniamJonathon Duniam (Tasmania, Liberal Party, Shadow Minister for Environment, Fisheries and Forestry) Share this | Hansard source

I appreciate that response, although, whether changes are significant or small, this is a significant piece of legislation which will have significant impacts on the economy. If we are to take the government at their word, it's changing the landscape and providing certainty et cetera. To that end, beyond what had been done for the existing legislation—the consultation and analysis that you referred to—surely the government has sought to understand what impact the changes, be they large or small, will have on business so that they can provide that certainty. We received the amendments this morning with the supplementary explanatory memorandum, so, on that basis, to satisfy myself that what you're saying, that it will be all okay, is correct, I would be interested in knowing what modelling has happened. You referred to the cost of not doing anything. Has there been any analysis or quantification of those costs with regard to sea bans or other important tariffs? Do you have any examples of the costs that might be imposed on any particular industry that you could enlighten us with?

Comments

No comments