Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:37 pm

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

Perhaps I can answer your question in a slightly different way. The scheme contemplates trade exposed entities that are baseline adjusted. Whether or not an entity qualifies for that second category is dependent on the cost of compliance and what proportion of business revenue—or EBIT for manufacturing businesses—it is. The second pathway was the change to the proposed rules that was announced on Monday as a consequence of the consultation with industry that has been going on for many months.

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