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Monday, 7 November 2011
Page: 8284


Senator CORMANN (Western Australia) (11:39): I have a question about the impact of the carbon tax on electricity generators, specifically in relation to the government's so-called transitional assistance package. Minister, how much of the $5.5 billion transitional assistance package for electricity generators is expected to go to the No. 1 emitter in Australia, who the Prime Minister would describe as the No. 1 polluter out of 500 polluters—Macquarie Generation? Given they are responsible for 23.4 million tonnes of CO2on the latest available information and would be expected to pay about $540 million worth of carbon tax, how much transitional assistance will Macquarie Generation get under the carbon tax package that the government has put before the parliament?