Opened the debate
McCarthy argued that separating the Australian Energy Regulator from the Australian Competition and Consumer Commission would remove governance risks and allow the regulator to manage its own resources effectively. McCarthy stated that independent reviews and state energy ministers supported establishing the regulator as a standalone entity to handle the complexities of the energy transition. Regarding the gender equality bill, McCarthy contended that requiring large employers to set measurable targets would accelerate progress on closing the gender pay gap and improve workplace fairness. McCarthy emphasised that these reforms build on previous government initiatives and align with international best practices for accountability.