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Monday, 29 February 2016
Page: 1294

Clean Energy Finance Corporation


Senator SINGH (Tasmania) (14:48): My question is to the Minister for Finance, Senator Cormann. Does abolishing the Clean Energy Finance Corporation remain government policy, and will the savings continue to be reflected in the budget?


Senator CORMANN (Western AustraliaMinister for Finance, Deputy Leader of the Government in the Senate and Special Minister of State) (14:48): The budget will be delivered on the second Tuesday in May.

Senator Singh: Mr President, I rise on a point of order. I ask the minister to answer the first part of my question, which was: 'Does the Clean Energy Finance Corporation's abolition remain government policy?'

The PRESIDENT: Senator Singh, there is no point of order. The minister has answered the question and I cannot direct him to answer any further.




Senator SINGH (Tasmania) (14:49): Mr President, I ask a supplementary question. Does abolishing the Clean Energy Finance Corporation remain government policy?


Senator CORMANN (Western AustraliaMinister for Finance, Deputy Leader of the Government in the Senate and Special Minister of State) (14:49): I believe I answered a similar question in the primary question. Obviously the budget will be delivered on the second Tuesday in May. Until such time, all of the policy positions and policy decisions of the government are reflected in the current budget.


Senator SINGH (Tasmania) (14:50): Mr President, I ask a final supplementary question. I refer to the recent Ernst & Young country attractiveness index, which shows that under this government Australia has dropped from fourth most attractive place to invest in renewable energy to 13th place. How much further will we fall as an attractive investment destination if the Turnbull government succeeds in abolishing the Clean Energy Finance Corporation?


Senator CORMANN (Western AustraliaMinister for Finance, Deputy Leader of the Government in the Senate and Special Minister of State) (14:50): That is of course a hypothetical question, and I do not accept the premise of the question. The second point I would make is that the worst thing that could happen to the attractiveness of Australia as an investment destination across the board would be the return of a Labor government, which of course would bring back Labor's disastrous carbon tax, which would cost jobs, cost investment and have a very negative impact on economic growth across Australia.