Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (15:22): I thank the member for his question because putting in place a price on carbon is a very significant and fundamental reform for the future of our country. In the past when this country has faced up to the challenges before it and put in place very significant reforms, like we did in the late eighties and early nineties, there were always very big scare campaigns being run during those times, particularly by those opposite. And they are at it again. The fact is that our economy would not have come through the global recession in the shape that it did if it had not been for the actions that were put in place during that period, particularly reforms like national superannuation, which was so important to get us through the global recession. The point I want to make is that you have to face up to the hard reforms if you want to be honest with people. If you want to talk to people about the future, you cannot put the hard reforms in the too-hard basket. Mr Pyne: Mr Speaker, I rise on a point of order. The Treasurer was asked about compensation for schools as a result of higher electricity prices driven by a carbon tax. I would ask you to ask him to answer that question. It did not need debate or any— The SPEAKER: Order! The member for Sturt will resume his place. The Treasurer knows his responsibilities in responding to the question. Mr SWAN: I was explaining why we need to put a price on carbon. It is because it is absolutely essential to the job security of Australians and our future prosperity. That is why the government is engaging in a thorough consultation with the wider community, the multiparty committee and the business community. We are working closely to design an emissions trading scheme. This parliament was within hours of an emissions trading scheme the year before last when the member for Wentworth decided that he could not do it and the Leader of the Opposition knocked him off. The fact is that this country has to price carbon. We on this side of the House believe in doing something about dangerous climate change— Opposition members interjecting— The SPEAKER: Order! Those on my left will come to order. Mr SWAN: unlike those on that side of the House, who are now dominated by the climate change deniers and led by the Leader of the Opposition. The SPEAKER: Order! The Treasurer will bring his response to a conclusion. Mr SWAN: So we will go through a consultation process to design an emissions trading scheme which is fair to the country, fair to households and fair to business.