House debates

Wednesday, 14 September 2016


Budget Savings (Omnibus) Bill 2016; Consideration in Detail

11:43 am

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

The government and the opposition reached agreement that ARENA would receive funding of $800 million over the next five years. That is what is necessary and agreed for ARENA to continue to operate. The government has separate arrangements off-budget, but the government has reassured us and reassured the public that the Clean Energy Finance Corporation is unaffected, with capital of $10 billion. That is a result; that is the case. The government has also agreed to a process for the shadow minister for climate change to work with the Minister for the Environment and Energy on the funding profile for ARENA. That is what we intend to ensure occurs, and I am sure it will occur.


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