Speakers from the National Party have repeatedly said that they consider this to be more of a tax than an emissions trading scheme, or that it is moving from being an emissions trading scheme towards becoming a tax. That is an assertion without any grounding, and no one has yet explained why it is a tax as opposed to an emissions trading scheme. The extent to which it is either a tax or an emissions trading scheme falls well outside the scope of this bill. This bill is extremely narrow and focuses on whether or not there should be a confidential reserve price inside the auction mechanism. 