MEMBER for Mallee Andrew Broad has described the carbon tax as an experiment that failed.
The Australian Parliament formally abolished the carbon tax on Thursday after the Senate passed the Abbott's government's repeal bills, 39 votes to 32.
Australia has become the first country in the world to abolish a price on carbon.
"It is a good day for the Australian Parliament," Mr Broad said.
"The carbon tax was an experiment that failed - that's why we needed to get rid of it.
"If it worked, there wouldn't have been an argument."
Mr Broad believes innovation, not taxation, was the answer to being responsible global citizens.
"I am a strong believer in innovation," he said.
Mr Broad said in the past two years, the tax had little effect on emissions.
"It caused a lot of industries to leave Australia and head offshore," he said.
"It put the cost of doing business up and the cost of living up.
"It's very welcome that it has now gone."