Senator WATT (Queensland—Minister for Agriculture, Fisheries and Forestry and Minister for Emergency Management) (15:02): Thank you, Senator Sheldon. I know Senator McKenzie is particularly touchy about this because, of course, she was the emergency management minister who did not build a single mitigation project using that Emergency Response Fund. Who can forget that fund? It came to light after those terrible floods in Lismore last year. The former government's failed Emergency Response Fund, nearly $5 billion in funding, did not build a single mitigation project in three years. In fact, all it did over that time was earn the former government over $800 million in interest. Rather than keeping Australians save, the coalition put the money in a safe and earned interest on it rather than helping Australians. It was another example of a government that loved an announcement but was terrible in delivery. In contrast to that, the Albanese government, in just our first year, has committed up to $1 billion over five years. Senator McKenzie: Where's Lismore's levy? The PRESIDENT: Minister Watt, please resume your seat. Order! Minister, please continue. Senator WATT: I haven't even said 'colour coded spreadsheets', so I don't know why Senator McKenzie is so vocal at the moment! In October last year, we committed up to $1 billion over five years to the Disaster Ready Fund in our first budget. In November, we enshrined the Disaster Ready Fund in legislation. (Time expired) Senator Wong: I ask that further questions be placed on the Notice Paper.