Energy Minister Josh Frydenberg estimates the limited merits review regime has increased consumer energy bills by $6.5 billion. #auspol
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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. #auspol
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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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