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Monday, 30 November 2009
Page: 9349


Senator WONG (Minister for Climate Change and Water) (3:36 PM) —I have already tabled an answer in relation to that issue. In relation to the natural disturbance issue, I am advised as follows: permits are issued for net sequestration. Permits are issued up to a limit that takes account of the risk of reversal as a result of natural disturbances such as pests and fires. The regime contemplates a buffer essentially being withheld by government, which essentially can be best understood as an insurance against the sorts of scenarios that you have outlined.