Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

7:34 pm

Photo of Susan McDonaldSusan McDonald (Queensland, National Party, Shadow Minister for Resources) Share this | Hansard source

I will finish on this statement, then. I think there is an exceptional flaw in the modelling of this proposal and this policy if I can tell you that this will have, at a bare minimum, hundreds of millions of dollars of impost in taxes from our most-successful and highest-tax-paying industries and employers, and the government has not done any modelling. I think this is a massive flaw in this policy, and I can only imagine the views of the government in opposition on how they would have held us to task for having failed to have done this. I appreciate that you believe you've said something to Senator Duniam and Senator Hughes, but I think that industry and people who rely on these companies will be pretty shocked to discover that there has not been specific modelling around this framework that identified a cost to Australia and Australian businesses.

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