Senate debates

Thursday, 15 September 2016

Bills

Budget Savings (Omnibus) Bill 2016; In Committee

10:07 pm

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

I have actually said that several times. The reason we are making an adjustment to the Clean Energy Innovation Fund is to avoid an unintended consequence, which would be effectively a doubling of the resources available to ARENA through grant and debt and equity financing beyond the $800 million restoration of grants funding. The intention is not to provide them with $1.6 billion in additional resources. The intention is to provide them access to $800 million worth of additional resources. That has been very openly and transparently put on the public record several times now and it is very openly and transparently the intent of the agreement between the government and the opposition.

Comments

No comments