Tim Ayres (NSW, Australian Labor Party, Assistant Minister for Trade) Share this | Hansard source

I wouldn't go with the pejorative. Mr Nockels would have been giving evidence on the basis of his expertise. In 2022 permit applications for exports to the United Kingdom and the United States accounted for 900 of the 3,000 applications assessed. The national exemptions for the United Kingdom and the United States will mean that almost a third of these export permit applications are no longer required. Broadly, the reforms in the bill are expected to provide an estimated net benefit to the Australian economy of over $600 million over the 10-year period that's been assessed.