Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:30 pm

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

I think that question misunderstands the far more likely choice of a business that found itself in that scenario. A business that was unable to meet its baseline and was unable to secure ACCUs in the private market, under the cost containment measure would secure ACCUs from the government at that cost containment cap of $75.

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