Senate debates

Tuesday, 10 September 2024

Questions without Notice

Manufacturing Industry

2:58 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

No, it'll stay great. Don't you worry! As this side of the chamber understands, the road to net zero is paved with Australian resources, resources that not only are extracted in Australia but are processed locally to create secure jobs and open up more pathways for skills and training. That includes critical minerals—an apt name given how critical they are to renewable technologies like solar panels and electric vehicles—

Why don't you solve your own problems with your former leader of the opposition in South Australia, Senator? Why don't you focus on him rather than interfering with me? I know you're embarrassed by it! That's why the Labor Party announced the production tax incentive for critical minerals.

That's very unfair! I think you should withdraw that! That's for tax incentives and critical minerals as part of the most significant budget for the resources sector in a generation. It's a foolproof, no-risk approach to grow our critical minerals industry, strengthen supply chains and create well-paid jobs in the regions. Modelling shows that building downstream critical minerals processing could generate $70 billion in GDP and create an additional 143 jobs by 2040. (Time expired)

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