Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

7:06 pm

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

McALLISTER (—) (): Senator McDonald, I'll return to the broad idea that I've put to this chamber on many occasions over the last hours, which is that this has been a very detailed process of engagement and discussion with businesses. There were some particular issues that were identified through the course of the consultation, and they have led the government to create a separate stream of funding for the manufacturing sector, as you've described. However, for clarity, all safeguard mechanism participants will be broadly eligible to participate in the Powering the Regions Fund allocations overall, subject to other eligibility criteria. There is also the original $600 million for decarbonisation, and that is available to a broad range of safeguard participants.

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