Warren Truss (Wide Bay, National Party, Leader of the Nationals) Share this | Hansard source

My understanding was that the model did actually identify for which vessels there was a likelihood they might change their flag and which ones were less likely to do so. I do not have that information in front of me but I am happy to provide it to the member at some later stage. But, having said that, it is modelling. Modelling is modelling. It relies on certain assumptions. Sometimes the assumptions are fulfilled and sometimes they are not. Indeed, there have been predictions made in some of the modelling that certain vessels in other places may change their flag, and the Australian owners have subsequently said that they would not be doing that. Assumptions have to be made in preparing this kind of modelling. The key assumptions, however, come quite clearly down in the regulation impact statement that this legislation will have benefits of around two-thirds of $1 trillion to the Australian economy over the next 20 years. That is a benefit to the Australian economy that I thought we all should want to grasp.

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