Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

7:32 pm

Photo of Susan McDonaldSusan McDonald (Queensland, National Party, Shadow Minister for Resources) Share this | Hansard source

This regulatory framework has been identified by the 250 large emitters as having financial imposts upon them. They have been able to identify that based on the framework that's been identified to this date. With what I've been told so far, just as a back-of-the-envelope calculation, we are talking at least hundreds of millions of dollars, and your answer is that there has not been a regulatory impact statement undertaken?

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