Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:31 pm

Photo of Jonathon DuniamJonathon Duniam (Tasmania, Liberal Party, Shadow Minister for Environment, Fisheries and Forestry) Share this | Hansard source

I'm just trying to understand this. Obviously I agree with you that no businesses want to continue to be in the situation where they are exposed to such a liability, with the penalty being $275 per tonne per year. If they can't access ACCUs in the ordinary way, you're saying there is a facility available through the cost containment measure through the government's ACCUs—if I understand correctly—and on that basis no business will ever face the penalty. Is that right?

Comments

No comments