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

Just because Senator Cormann keep saying something does not mean it is true. I would remind him when he talks about carbon prices that the highest carbon price that has been postulated in this parliament is the carbon price those opposite would effectively want to impose on the Australian economy and Australian taxpayers, because they are proposing a model which is taxpayer funded, bureaucratically driven and inefficient—$1,300 more tax for every household in Australia every year. That is what yours would cost. I would also, in response to comments made by the senator in that question, remind him that we need to look also at the Jobs and Competitiveness package the government has put in place. A highly emissions intensive activity under our package gets 94.5 per cent of assistance in free permits. That is about $1.30 for every tonne of carbon. (Time expired)