Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:06 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I will take with a grain of salt an assertion by a Liberal senator as to what ACOSS said. In terms of the impact of the carbon price on charities, for example, the fact is that the government has put in place as part of the package the Low Carbon Communities program, which will fund grants for local councils and community organisations to retrofit or upgrade community-use buildings to reduce energy use and enable them to cut energy costs, which is obviously of importance. I also remind those opposite that we will increase the pension, the disability support pension and family tax benefits—all of which increases you will take away. I invite the senator to tell us which of the disability services he will rip away to fill the $70 billion black hole that his economic team has put forward.

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