Wednesday, 14 September 2016
Budget Savings (Omnibus) Bill 2016; Consideration in Detail
I was just asked by the Leader of the Opposition how long this will go on for. I say to the House: part of the problem we have got is that Labor and the coalition refused to have an open hearing into this bill. We now have the opportunity here, for the first time, to ask questions about the amendment. My question—and maybe the Treasurer did not hear it correctly—was not about the CEFC. I understand the point that is made in the explanatory memorandum that there is no overall reduction to the Clean Energy Finance Corporation. My question is about the Clean Energy Innovation Fund. Labor says the deal did not include any reduction to the clean energy fund. The explanatory memorandum says there will be a reduction to the clean energy fund by the amount of $800 million that Labor says it saved for ARENA. So I ask again: what is the deal? Can the Treasurer confirm that there will be a reduction to the Clean Energy Innovation Fund, and was that part of the agreement reached with Labor?