Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (15:02): It is important, and it's an important question because, if you get that right, it means the cost of investment doesn't fall wholly on the federal budget. The private sector does need policy certainty to invest, and that's something that the Liberal Party's recently released election manifesto, or review, makes clear. If you decide that you're going to publicly fund a $600 billion nuclear fiasco, not only does the market desert you—not only does investment disappear—but the public desert you as well. Senator Henderson: On a point of order, could you please ask the minister to address his answer through the chair. The PRESIDENT: I will remind the senator to address his comments through the chair. Senator AYRES: You would think, President, that the shadow ERC, referenced in the election review, would have picked up on this risk. That would be until you realise that the shadow ERC included, as former prime minister Turnbull said, 'Australia's best qualified idiot', Mr Taylor—Dead Cat Bounce Taylor—and, of course, Senator Hume. The PRESIDENT: Senator Brown, second supplementary?