Thank you, Deputy Speaker, and I'll keep my contribution short to allow the Treasurer to make some closing remarks.

But I did want to follow up on an opinion piece I wrote in the NT News recently, talking about fuel gouging in the Northern Territory and introducing our electric car discount, which will remove import duties on electric and low emission cars, and is just one part of our plan to reduce emissions and cut power bills by investing in renewables.

The Albanese Labor Government went to the May elections committed to our Powering Australia plan.

Labor’s plan will help deliver our emissions targets of 43 per cent by 2030 and net zero by 2050.

Our plan will create jobs by cutting power bills and reducing emissions by boosting renewable energy.

The Government will close the yawning gap between our current Federal Government and our business community, agricultural sector and state governments when it comes to investing in the renewables that will power our future. 

Our plan will create 604,000 jobs, with 5 out of 6 new jobs to be created in the regions.

It will spur $76 billion of investment.

And will cut power bills for families and businesses by $275 a year for homes by 2025. 

The Government’s Electric Car Discount, which removed import duties on electric and low emission cars, was one part of this plan.

The electric car discount will reduce the upfront and ownership cost of electric vehicles addressing a significant barrier to their uptake.

And our Government is committed to reducing transport emissions, and is making electric cars more affordable for the families and businesses that want them, including in the NT.

And that's why our Government is tabling this bill, fulfilling our election commitment, and providing a fringe benefits tax exemption – or an electric car discount – for eligible electric cars that are provided by employers.

Currently, the fringe benefits tax is payable when an employer makes a car, including an electric car available for private use of an employee.

And the amendments in this bill exempt from the fringe benefit the use of eligible electric cars made available to employees, or those who take up a salary sacrifice arrangement.

This exemption will apply to battery electric cars, hydrogen fuel cell electric cars, and plug-in hybrid electric cars below the luxury car tax threshold for fuel-efficient cars of $84,916 for all vehicles made available for use after the 1st of July 2022.

So I obviously welcome these changes, which will ensure that employers providing employees with an electric eligible electric car will not pay fringe benefits.

This is an important measure that will help increase the uptake of electric cars in our nation.

Now, Deputy Speaker, these policies are urgent not only because they are fair to future generations whose lives will be severely impacted by how we respond to climate change in coming years.

But they are also urgent policies that will help Australians who are facing such strong cost of living pressures at the cash register and in their bills.

What we've seen in the Territory is fuel retailers gouging, and I am committed to continue putting pressure on them to be fair and honest with Territorians about the massive profits they are making.

And our Government will move us towards a renewable energy future with this electric fuel electric car discount.

So thanks for the opportunity to update my constituents, Mr. Deputy Speaker.

Around the country we have seen that people want to embrace electric vehicles.

Not everyone will want an electric vehicle, and that is fine.

But more and more people will see that this is the way of the future and will give them cheaper bills.

And I commend the bill to the House.