Simon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

My question is to the Minister for Trade and Tourism, Senator Farrell. IMPEX is one of the most important foreign investors in Australia. Shortly before question time today INPEX's global CEO, Takayuki Ueda, spoke at an event hosted by the Minister for Resources, Madeline King. Ueda-san said in his speech about the government's gas market policies: 'We are concerned that market intervention will only compound the situation of price challenges. Price intervention is likely to discourage investment in exploration and production while simultaneously driving up demand. The energy policy environment in Australia today appears to be driven almost by ideology and domestic concerns that the investment climate in Australia appears to be deteriorating.' I ask Senator Farrell, as the minister responsible for investment: how much does the government believe its interventions reduce investment in Australia? Does the Albanese Labor government accept responsibility for the deterioration in Australia's reputation? (Time expired)