Senate debates
Thursday, 17 July 2014
Bills
Clean Energy Legislation (Carbon Tax Repeal) Bill 2014, True-up Shortfall Levy (General) (Carbon Tax Repeal) Bill 2014, True-up Shortfall Levy (Excise) (Carbon Tax Repeal) Bill 2014, Customs Tariff Amendment (Carbon Tax Repeal) Bill 2014, Excise Tariff Amendment (Carbon Tax Repeal) Bill 2014, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Amendment (Carbon Tax Repeal) Bill 2014, Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Amendment (Carbon Tax Repeal) Bill 2014, Ozone Protection and Synthetic Greenhouse Gas (Import Levy) (Transitional Provisions) Bill 2014; In Committee
9:45 am
Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source
Firstly, in relation to the last question in terms of electricity price reductions in Tasmania: as I said yesterday, the Office of the Tasmanian Economic Regulator released a statement on 19 June 2014 that electricity prices would fall in real terms by 7.8 per cent with the removal of the carbon tax. In relation to the $550 reduction in cost of living for the average household, that assessment is based on the exact same methodology as used by the previous government when they claimed a reduction in costs of $380 on the basis of replacing the carbon tax with an emissions trading scheme. We are basing our advice to you in relation to this on the exact same methodology that the previous government did.
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