House debates

Monday, 2 June 2008

Questions without Notice

Fuel Prices

3:15 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Shadow Treasurer) Share this | | Hansard source

My question is addressed to the Treasurer. I refer the Treasurer to the recent paper by Professor Sinclair Davidson of RMIT which demonstrates major flaws in the methodology used by the ACCC in its analysis of Fuelwatch. Given the mounting expert evidence that Fuelwatch is likely to increase petrol prices, will the Treasurer release the complete ACCC model to the public for peer review and ask his own department to check that ACCC analysis and make the results of that Treasury appraisal public also?

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | | Hansard source

The gentleman referred to by the shadow Treasurer is not independent. I have been reading his material for some time. I cannot understand it—he appears to be a fan of the shadow Treasurer. He obviously has not been following the debate in the House. We have comprehensive, credible modelling from the ACCC and we stand by it.