Senate debates

Tuesday, 11 October 2011

Questions on Notice

Treasury (Question No. 1205)

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | | Hansard source

asked the Minister representing the Treasurer, upon notice, on 15 September 2011:

Can Fiscal Table 1 on page 41 of the explanatory memorandum for the Clean Energy Bill 2011 be provided on an underlying cash balance basis.

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

The Treasurer has provided the following answer to the honourable senator's question:

Table 1 of the explanatory memorandum to the Clean Energy Bill 2011 has not been replicated on an underlying cash balance basis. The Government has published a detailed table on a fiscal balance basis.

A full economic update will be published in the 2011-12 MYEFO. The impact of the Clean Energy Future Package will be reflected in the published budget balances.