Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the fact that the European carbon price has fallen 45 per cent in the last 12 months to be trading at less than $6.50 a tonne. Given that the budget relies on revenue of $29 a tonne in 2015 when the carbon tax is linked to the European price, will the Treasurer guarantee to revise the budget forecast to accurately reflect the massive loss in revenue of this carbon tax package?

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