Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026

Senator FARRELL (South Australia—Minister for Trade and Tourism, Special Minister of State and Deputy Leader of the Government in the Senate) (19:28): I thank Senator Canavan for his question. We believe the EFA has the right mix of powers to support our fuel supply through these amendments. The National Interest Account is the best way to ensure this fuel gets to where it's needed, particularly to Australia's regions, and it helps importers secure spot cargos that would otherwise be uncommercial.

In doing so, it gives the nation more secure supply quickly.