House debates

Monday, 30 March 2026

Bills

Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026; Second Reading

3:32 pm

Photo of Alison PenfoldAlison Penfold (Lyne, National Party) Share this | Hansard source

I move:

That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the bill a second reading, the House:

(1) notes:

(a) the Government spent three weeks denying the existence of a fuel crisis—first dismissing concerns, then blaming consumers, and only acting once the problem became unavoidable;

(b) that after four years in office, the Government has failed to strengthen Australia's sovereign fuel capability, and now proposes to fund imports of the same resources it has banned funding for domestic production; and

(c) that Australia enters this crisis weaker, with higher debt, higher taxes, persistently high inflation, and falling real wages as a direct consequence of the Government's economic mismanagement; and

(2) recognises that the former Coalition Government took decisive action to strengthen fuel security, including establishing the Minimum Stockholding Obligation, legislating the Fuel Security Act, and securing Australia's last two refineries".

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