House debates

Monday, 18 June 2012

Bills

Appropriation Bill (No. 1) 2012-2013; Consideration in Detail

5:02 pm

Photo of Greg HuntGreg Hunt (Flinders, Liberal Party, Shadow Minister for Climate Action, Environment and Heritage) Share this | Hansard source

I want to refer the government to the revenue measures contained within the carbon tax, and in particular the gross figures of approximately $36 billion to be raised. Will the minister confirm that if the price of the government's carbon tax falls below the $29 predicted for the first year of a floating price—and I will remind the House that that price is predicted to be $29, multiple times more than the current European price of approximately €6.9 as of today—that there will be a significant budget black hole?

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