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

4:33 pm

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

I believe that I have already covered the domestic economy. I have also referred at reasonable length to the Australian situation vis-a-vis some other countries. I believe that we have covered the issue. The Updated Economic and Fiscal Outlook document well outlines the impact of the world financial economic crisis in terms of not just the reasons for the package of $42 billion but also the impact on the revenue side and what has occurred so significantly and rapidly over the last couple of months as this international financial and economic crisis has unfolded.

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