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

I am more than happy to go through the issues that Senator Abetz has raised, because on one point in particular he is just plain wrong. He has given an incorrect figure because of incorrect analysis of the explanatory memorandum. It is important to correct the claim. I think it is an honest mistake. He has misunderstood the supplementary explanatory memorandum for the household stimulus bill. The change to the single-income family bonus will save approximately $75 million, Senator Abetz, in 2008-09. That is the reduction from $950 to $900. It will save approximately $75 million. The financial impact statement in the supplementary explanatory memorandum states the revised financial impact—that is, the net figure.