Businesses jumpy about PUP's changes to repeal bill

APN NewsdeskBUSINESSES remain concerned about the detail of Palmer United Party changes to the carbon tax repeal bills that are due to be debated in the Senate on Monday.

Confusion about the PUP amendments has reigned since the Federal Government failed to pass the repeal bills last week, amid constitutional problems with the changes.

The original amendments appeared to impose stricter reporting requirements on all businesses to ensure the savings of the repeal are passed on to consumers.

PUP leader Clive Palmer said on Friday they would be restricted to energy suppliers and the bigger emitters, despite mixed messages from other PUP senators.

However, the Australian Industry Group chief executive Innes Willox said everything from retailers and caravan parts to wholesalers and importers of fridges could be affected.

"Equipment suppliers to mining and the electricity sector may also be caught up," he said.

"We would assume that in working on the amendment the government would take industry concerns on board to make it far less onerous on the business community."

And despite the big supermarkets saying on Friday they did not plan to pass on the savings, the Australian National Retailers Association has said otherwise.

ANRA chief executive Margy Osmond said that regardless of the final form of the repeal bills, "major retailers will do the right thing".

"Food price deflation is a fact and represents a contribution to Australian households that the major supermarkets are proud of," she said.

"The Senate needs to find a clear outcome and quickly. Retailers are already suffering from the uncertainty surrounding the Federal Budget and its impact on consumer confidence."


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