Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

12:10 pm

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

Look, these issues were canvassed in Senate estimates. They were also canvassed, as I understand it, in the Senate inquiry that took place into the legislation we're now debating. There are two answers. One is that I think Treasury have provided advice that they didn't do modelling on the impact on the overall economy. Modelling was undertaken on the potential for onsite abatement at safeguard facilities and implications for the carbon market. And, as the minister has said and as has been discussed in this place, this is not only cabinet-in-confidence but also price-sensitive information, as the Commonwealth is the largest purchaser of ACCUs. Regarding the question about whether or not the members of the Greens or staff have been shown this modelling, I am advised that the answer is no.

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