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

So, whilst the September figures are weaker than market expectations, they are only marginally lower than what we were expecting as result of the transitions in the Australian economy.

Opposition members interjecting —

What is clearly happening is that the resources sector, whilst enjoying very high volumes and increasing production, is not getting the income levels that were expected. Commodity prices have come off very, very significantly.

Opposition members interjecting —

Iron ore and thermal coal—

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