Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Singh. In talking to the amendment that is before the chair that was moved by Senator Singh, let me confirm that the government stands by all of the commitments that we made in the lead-up to the last election, especially and in particular the commitment to scrap this bad carbon tax that is responsible for pushing up the cost of electricity, pushing up the cost of gas, pushing of the cost of living and pushing up the cost of doing business in Australia. We stand by the Treasury modelling, which has assessed that the average household will benefit from a reduction in cost-of-living expenses of about $550 per annum.