Replace energy rebates with gas reservation

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Treasurer Jim Chalmers has refused to rule out extending the federal government’s energy rebate for a third time.

However, he acknowledges that the government is aware that the $6.8 billion rebate must end at some stage, which is why it has been extended for only six months rather than a year.

“We only extended it for six months rather than 12 months, because we know that at some point, this electricity bill relief will taper away and will have to end”, Chalmers said.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.