Senate debates Bills
Budget Savings (Omnibus) Bill 2016; In Committee
Mathias Cormann WA, Liberal Party, Minister for Finance
9:46 pm
I have answered that question. The Clean Energy Finance Corporation, which has within it the CEIF, has an overall capital allocation of $10 billion. That was the allocation before today; that will be the allocation after today, should this bill pass. On top of that, we have agreed to restore $800 million in funding to ARENA, for the purpose of ARENA being able to provide direct grants, which is funded from separate savings within the omnibus bill—namely and principally the changes to family tax benefit supplement arrangements.
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