Senate debates

Thursday, 24 March 2011

Questions without Notice

Carbon Pricing

2:18 pm

Photo of Helen KrogerHelen Kroger (Victoria, Liberal Party) Share this | Hansard source

My question is to the Minister for Finance and Deregulation and the Minister representing the Minister for Climate Change, Senator Wong. I refer to research by JP Morgan stating that the carbon tax will have a devastating impact on the share earnings of many Australian companies—for example, BlueScope shares could be hit to the tune of 56 per cent under a $30 a tonne carbon tax. Considering the fact that millions of Australians have superannuation directly linked to the earnings of share investments, can the minister guarantee that super savings will not be adversely affected by a carbon tax?

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