Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:15 pm

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

I invite the senator to go and read it because a lot of information, including assumptions, was provided. That modelling shows that the economy continues to grow, average incomes continue to grow, jobs continue to grow and carbon pollution falls by 160 million tonnes from what it otherwise would have been. These are the facts and they are the facts that Senator Cormann simply cannot bear.

Senator Cormann interjecting—

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