House debates

Wednesday, 5 December 2018

Bills

Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 2018; Second Reading

5:48 pm

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

'There's a reason for that,' says the minister. Well, the reason is that this is the thin end of the wedge. Next time there's a little bit of a political problem with supermarkets, let's have the Coles and Woolworths divestment power! Then it'll be the banks. That'll be next. The minister claims that energy companies are making too much profit. Well, banks are pretty profitable. Coles and Woolworths are pretty profitable. Why don't we have divestment powers for them?

Comments

No comments