Labor and the Greens are supporting the abolition of limited merits reviews for energy companies. Bill will sail through Senate. #auspol
Xenophon argues the LMR scheme should be clarified and tightened, but fears the government is throwing the baby out with the bath water.
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Xenophon argues the Australian Energy Regulator doesn't always get it right, and the LMR provides important checks and balances.
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Xenophon: "My concern is that this is a sugar hit that might have some short-term consequences that seem on the surface to be good..." (1/2)
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Bit ambitious trying to squeeze the end of Xenophon's quote into one tweet. Had to get creative... (2/2)
#auspolpic.twitter.com/33rXltwoEY
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One Nation's Malcolm Roberts canvasses the CSIRO, climate science deceit and the stupidity and gutlessness of "regulation based on nonsense"pic.twitter.com/S0h4ys0gCS
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Cory Bernardi: * abolishing limited merits reviews is tinkering around the edges * the reviews provide important checks and balances
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David Leyonhjelm is also not keen on the bill, arguing insufficient dispatchable power is at the core of energy price problems.
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Simon Birmingham wraps up government's case on LMRs, saying energy retailers have been gaming the system to the tune of $6.5 billion
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Birmingham: energy companies will still be able to seek judicial reviews, the Australian Energy Regulator won't be left unchecked.
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Birmingham points out ACCC supports scrapping LMRs, before sledging fellow South Australian Nick Xenophon for opposing the abolition
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The Competition and Consumer Amendment (Abolition of Limited Merits Review) Bill has passed without changes. No divisions called.
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End of conversation
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