Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:48 pm

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

On further support for the trade exposed industries, you have referenced before, Minister, in providing flexibility and additional support for industry, the target funding of at least $1 billion in funding for the manufacturing sector through the Powering the Regions Fund, including the $400 million for industries providing critical inputs to clean energy industries, including steel, cement, lime, aluminium, alumina, in addition to both the $600 million safeguard transformation stream and other funding pools including the NRF, CEFC and ARENA. Firstly, could you indicate how the quantum of $400 million was arrived at, and also in the case of the $600 million for the safeguard transformation stream?

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