Senate debates

Tuesday, 15 June 2010

Questions without Notice

Budget

2:28 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

Again, I do not know where you are quoting your figure from. I again remind you that this is a profits based regime which obviously only applies after a certain threshold which incorporates a rate of return. In relation to some of the fertiliser and fertiliser ingredients that you reference, I have indicated to you that a number of these commodities are in fact traded commodities and would have their prices set on world markets. The low-value commodities that are used as agricultural inputs are usually lower profit—

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