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Monday, 23 October 2017
Page: 11526


Ms PRICE (Durack) (14:44): My question is to the Minister for Revenue and Financial Services. Will the minister update the House on how the government's National Energy Guarantee will support hardworking Australians and businesses and drive investment and jobs growth in the economy? Is the minister aware of any alternative approaches?

Ms O'DWYER (HigginsMinister for Revenue and Financial Services) (14:44): I thank the member for Durack for her question, and I know she works hard each and every day to deliver for those members in her community. She knows that you've got to get the policy settings right. You need to make sure that you drive investment in your community in order to deliver a strong economy. And that is exactly what we're doing on this side of the House. That's why we had the good news last week that the coalition government had been able to deliver more than 371,000 new jobs in the last 12 months alone. But we know that there are threats to this jobs growth. If we are not able to have affordable and reliable energy, we will not be able to continue to deliver the jobs that we need in Australia. That is why we on this side of the House are delivering the National Energy Guarantee that will fix the broken energy policy that has existed in this parliament and in this economy for too long.

Mr Keogh interjecting

The SPEAKER: The member for Burt will cease interjecting.

Ms O'DWYER: It will guarantee reliable energy, by delivering the right level of dispatchable base-load energy at the appropriate points in time. As a result, Australian businesses will be able to have confidence that they can keep the lights on, that they can continue to employ and that they can continue to invest. It is important for both domestic and international investors to have the confidence to invest here in our economy and boost jobs.

The member for Durack has asked whether there are any alternatives, and she is right to ask that—there are. The Labor Party over there have got an energy thought bubble—an energy thought bubble comprised of reckless renewable energy targets that they combine with billions of dollars in subsidies and taxes that will mean higher taxes and less reliability for Australian families and Australian businesses. Labor wants Australian consumers to pay for their $66 billion subsidy, and, while they are happy to slug Australians and Australian employers with higher energy prices, they have forgotten that one of the core responsibilities of government is to deliver reliable and affordable energy, to keep the lights on and to keep the economy running. Labor have no plan whatsoever to do anything on energy, unless, of course, the wind is blowing—and the wind is certainly blowing over there!—or unless the sun is shining. They will cost Australian businesses and Australian jobs if they put in place their energy thought bubble. The National Energy Guarantee, which we will deliver, will deliver for all Australians. (Time expired)