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Monday, 7 November 2011
Page: 8281

Senator BIRMINGHAM (South Australia) (11:24): Obviously in that answer, Minister, you have not exactly provided either terms or rates, you have simply provided a process by which such loans may be provided. Again, that hardly provides any certainty to the industry in the passage of this legislation. In particular your statement that it will be structured in a way so as to encourage generators to seek the commercial provision of loans, is that an indication that the packages as structured by the government would be at rates above commercial rates or at terms that are less favourable than commercial terms, meaning that really there is only one offer on the table?