Carbon Tax Repeal Bill Passes Lower House Down Under
Legislation to repeal the carbon tax has passed the House of Reps with Palmer United Party amendments.
The Abbott government has meanwhile been talking down a quick repeal of the carbon tax, despite reaching a deal with the Palmer United Party.
PUP leader Clive Palmer told parliament on Monday his party’s three senators would pass the repeal bills after striking an agreement with the government in talks over the weekend and Monday morning.
‘For Australia to act alone and impose a tax on carbon at this time will discourage investment,’ he said.
However, his senators will also move to put in place an emissions trading scheme if Australia’s trading partners do the same.
The talks followed a chaotic Senate session last week in which PUP senators sided with Labor and the Greens to vote down the repeal.
Mr Palmer had been concerned the government had not honoured a previous deal to enforce electricity and gas price cuts with hefty penalties.
The government was also under fire from business for appearing to accept tougher penalties and higher compliance costs without consulting the sector.
Prime Minister Tony Abbott told parliament the bills had been ‘reworked’ over the weekend to ensure compliance with the tax abolition won’t be a burden on business but will deliver savings.
‘I am confident we have got the balance right,’ he said.
Government Senate leader Eric Abetz told parliament he was hopeful the repeal bills would return to the Senate later this week.