Senate debates

Wednesday, 27 June 2012

Questions without Notice

Carbon Pricing

2:24 pm

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

I want to make a couple of points. The first is on the assertion that the estimates were wrong. I was taking the senator through the fact that this has always been based on an objective threshold of 25,000 tonnes per annum and also that the regulator is working through the details of the liable entities, and additional entries will be added once all issues have been worked through.

I turn now to whether or not the government has confidence in its budget. Yes, we do. I will tell you what we have confidence in. We have confidence in the fact that our assistance package will give a tax break to everyone earning under $80,000 a year, and our assistance package will deliver increases to the pension, to the disability support pension, to recipients of allowances and so forth. And we are confident that those opposite will go to the election with a policy to put a tax hike on every Australian earning under $80,000 a year, because that is what Mr Hockey has committed to.

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