House debates Bills
Police Overseas Service (Territories of Papua and New Guinea) Medal Bill 2011; First Reading
Wayne Swan Lilley, Australian Labor Party, Treasurer
2:53 pm
He has got a lot of nerve and a lot of hide to ask that question. He has got one fact right and one only: there is $11 billion worth of revenue in the forward estimates—that is absolutely correct—but, of course, he has pointed to the fact there have been some royalty increases in Western Australia that will have an impact on revenues, and we will account for that in the mid-year economic review when it is published before the end of the year.
Regarding the attempted increase in royalties by New South Wales, there is yet no royalty increase in New South Wales. There is yet no figure provided by New South Wales.
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