Page 1996 - Week 06 - Wednesday, 25 June 2008

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This has now been adopted by the federal parliament in its recommendations as a model which other states and territories should adopt. The article continued:

The ACT Opposition has promised to scrap stamp duty for first homebuyers. Westpac believes that’s a bandaid that would push up prices.

I will leave the last word to Westpac: Westpac believes that the ACT Liberal Party’s approach to housing affordability is a bandaid solution that will push up prices.

I need to correct the record in relation to the claims that Mr Smyth made. The government is not spending $85 million. It is simply a transfer of assets. It is a technical appropriation; we are not spending at all and there is no opportunity cost, as Mr Smyth was advised in the briefing. (Time expired)

Question put:

That this bill be agreed to in principle.

The Assembly voted—

Question so resolved in the affirmative.

Bill agreed to in principle.

Leave granted to dispense with the detail stage.

Bill agreed to.

Electricity Feed-in (Renewable Energy Premium) Bill 2008

Debate resumed from 9 April 2008, on motion by Mr Gentleman:

That this bill be agreed to in principle.

DR FOSKEY (Molonglo) (9.16): Finally we get to the electricity feed-in bill. Climate change issues are at the forefront of political rhetoric and are slowly intruding into government decision making. The Greens, and now the overwhelming majority of respected scientific bodies, believe that it is necessary to limit global warming to a maximum of two degrees Celsius and that global, national and local targets must reflect this need. Greens policy is that we should reduce our emissions to at least 80 per cent of 1990 levels by 2050 and the IPCC, Nicholas Stern and Ross Garnaut agree.

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