Senate debates

Wednesday, 11 February 2009

Appropriation (Nation Building and Jobs) Bill (No. 1) 2008-2009; Appropriation (Nation Building and Jobs) Bill (No. 2) 2008-2009; Household Stimulus Package Bill 2009; Tax Bonus for Working Australians Bill 2009; Tax Bonus for Working Australians (Consequential Amendments) Bill 2009; Commonwealth Inscribed Stock Amendment Bill 2009

In Committee

12:20 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

It is always a pleasure to give you an answer, Senator Joyce—and I have to say, frankly, I am surprised that as an accountant you do not know. The calculation of net interest payments is made, Senator Joyce, in exactly the same way that your government did it for 12 years—same basis, same formula. There is no difference with this government’s calculation. Treasury have calculated it independently. It is exactly the same approach as under your government. As to the detailed breakdown of estimated interest receipts, I will certainly endeavour to obtain that detailed breakdown for you.

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