Senate debates

Wednesday, 21 March 2012

Questions without Notice

Carbon Pricing

2:01 pm

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

Irrespective of who is in government. You do not like it, do you, when someone tells the truth. Someone on your side says, 'Irrespective of who is in government'—these are not my words but someone on your side's words. And lack of planning has led to an investment drought. Mr McFarlane has also said, 'Australians in all states are feeling the impacts of rising power prices, in large part due to the neglect and mismanagement of state governments.' This government understands also that where you want to provide a stable framework for investment what you do need to provide is policy certainty. The fact is that the opposition's plan—their blood oath, as Mr Abbott calls it—to remove the carbon tax will result in further investment uncertainty in an area—

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