Matthew Canavan (Queensland, Liberal National Party, Minister for Resources and Northern Australia) Share this | Hansard source

To try and clarify for the purposes of the Senate, there is no additional cost associated with the bill that we are putting forward in regard to these issues with the frontier area tax incentive, because these tax deductions and credits, or incentives, have already been factored in. All we are doing through this bill is confirming the status quo. There are no additional deductions or incentives that are provided from the action we're taking today. Those extra deductions were already taken into account, or provided for, 10 to 15 years ago. I apologise, I don't have in front of me the budget amounts of 10 or 15 years ago for the extent of those costs in the budgets in those years, but, as I said and can confirm, there is no additional expense or cost to the budget from this bill.