Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

No amount of verballing by Senator Milne will change the answer I gave to the first question. The government has delivered on the commitment that we made to the Australian people at the election. We have successfully scrapped the carbon tax, which is very good news for families and businesses across Australia. It will help ensure that we can build a stronger, more prosperous economy and become more competitive internationally again.

Furthermore, what we have also indicated in the lead-up to the last election and the election before that is that we would seek to achieve our emissions reduction target by providing positive incentives to businesses and individuals across Australia to do the best they can to help us meet that emissions reduction target. We are doing that through a market based mechanism—the Emissions Reduction Fund—through which we will tender for the best-value opportunities to achieve emissions reductions across Australia. It is a great day for Australia today, because today we will give practical effect to that. (Time expired)