Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I think I have answered the question, and that answer refutes the proposition in relation to price and tries to set out the advice the government has rec­eived. One wonders whether or not housing programs would be amongst the $70 billion worth of programs that the opposition would have to cut. Perhaps Senator Payne, who has a good relationship with the shadow Treas­urer, is saying to us that the reduction in investment in housing under this government will not occur under Mr Hockey's $70 billion black hole expenditure reduction program. That is the reality. There are a lot of claims being made about what will occur as a result of the carbon price. Many of them do not stack up against the economic evidence. I have laid out for the chamber the government's advice in relation to the housing price issue. (Time expired)