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

I referenced one business, Rio, who indicated that $6 billion seemed to be something more adequate than $600 million. If you do your maths, they're indicating that $1 in every $10 required to be spent on the transition is going to be a significant impost on business to be able to make the transition. I wonder whether that sort of feedback, as part of this very broad consultation which has taken in the views of stakeholders, was considered as part of what government looked at as it moved into setting up these funds? If you could indicate to me whether that impost on business—$9 out of every $10 coming from a business to be able to transition, as opposed to $1 out of every $10 being the support from government to get to where the government and the world want them to be—has been factored in and, indeed, whether there is any assurance that a lack of support isn't going to result in a reduction in investment, a loss of jobs, the passing on of costs to consumers. Those sorts of things are what we're concerned about here, and based on the feedback of one significant employer, one significant contributor to our economy, it sounds like there are going to be some big costs.