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Monday, 7 November 2011
Page: 8309

Senator WONG (South AustraliaMinister for Finance and Deregulation) (13:31): Yes, the target by 2020 can be altered, and I think the government has previously set out some policy parameters which would be relevant to that. The bill also sets up the Climate Change Authority, which would provide advice on that. My recollection is that any revision to caps would be by way of disallowable instrument, so obviously there is also parliamentary oversight of the executive's decision, which would be taken subject to the advice of the authority.

Can I just indicate as a matter of courtesy to the chamber: at some point before question time I will not be in the chamber and Senator Lundy will be handling the bill for a short period. So, if there are specific questions of me, perhaps we should deal with them and then it might be sensible for Senator Birmingham to move his amendment, which would enable at least that discussion to occur in my absence which might be fairer on Senator Lundy and the chamber.