Senate debates

Monday, 27 November 2023

Regulations and Determinations

Competition and Consumer (Gas Market Code) Regulations 2023; Disallowance

4:10 pm

Photo of Tim AyresTim Ayres (NSW, Australian Labor Party, Assistant Minister for Trade) Share this | Hansard source

I will keep my remarks to the right amount of time to hear some speakers from the coalition on their position in relation to this disallowance because I'd be very interested to see what the position is of the alternative government in this disallowance motion, which is so irresponsible. It ought never have come here. It ought to be withdrawn. Apart from its stated purpose, the consequences of the Senate adopting the disallowance motion just spoken to, moved by Senator McKim, would be to put thousands of jobs at risk in our manufacturing sector on the east coast, thousands of jobs of people you will never meet, people whose interests you're not interested in, people whose work is fundamental to whether or not we can achieve the energy transition that is required in the manner in default manufacturing sector. We would put thousands of those jobs at risk tomorrow. It would mean the cost reductions that have been assessed for Australian families and businesses of around 25 per cent that have been achieved by the price caps—I know energy prices keep going up—would be at risk because of this disallowance.

The stability, the certainty that is required for investment not only in gas more broadly but in the energy sector in total are fundamental to us achieving our decarbonisation objectives, keeping energy prices low, building new industry. All of that investment would be at risk because of this irresponsible, disconnected-with-reality intervention from the Greens political party. Who knows what the coalition, the alternative party of government, are going to do in this debate? They have been very coy about the position that they intend to adopt on these issues.

It also puts at risk the deal announced today that is based on the code announced by Minister Bowen today with Cenex and APLNG to deliver secure gas supply for east coast manufacturers. All of those things will be put at risk for a stunt and a series of slogans.

The proposition that comes from the interjections over here and also in Senator Waters's contribution that there is a relationship—


No comments