Julia Gillard (Lalor, Australian Labor Party, Prime Minister) Share this | Hansard source

The statistic I was seeking to share with the House was that the average impact of the carbon price on the aluminium sector is the equivalent of a one cent increase in the exchange rate with the US. I think that gives a sense of the order of magnitude here. What is pressing on the aluminium industry is having an exchange rate which is well above parity with the US dollar, when of course their business models were factored at a different parity price with the US at a different time in Australia's history when we routinely traded far below the US dollar. That is the truth and the Leader of the Opposition should understand— (Time expired)

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