Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

5:55 pm

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

Indeed, I do agree that a sense of reality is important. That's why I'm very concerned about the parallel universe in which this deal was struck up, which is why I've been asking these questions. And while I appreciate the gratuitous political points being made about the last 10 years, this is about looking forward. You won the last election. I find myself on this side of the chamber asking questions of the government about their policy—what it's going to do and how much it will drive up power prices. I can run through the record of power prices in the last term if you want, but that actually doesn't assist us in understanding what this legislation is going to do.

So, back to reality—the laws that you're seeking to implement, the funds and the huge amounts of taxpayers' money we're seeking to appropriate through the various bits of legislation going through the parliament this week—I want to talk about the two funds we've talked about already, the $400 million and the $600 million. I would be interested to get a sense of how entities would be able to access support through these funds. What sort of process? Who do they speak to? What sort of application form? What thresholds? Any data of that nature would be helpful. And then perhaps I might look to Senator Waters down there. I'm sure she has questions, and I can come back to this.

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