Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

This is what we've done. We've foreshadowed the controls that we are going to put on gas exports, and we have seen wholesale prices already decline. Short-term prices, on average, across the country were $8.61 a gigajoule in July, compared to just under $12 a year ago. Prices have fallen in all east coast markets. Honourable members will have seen additional gas is coming onto the market. Our policy is working. When all of the material is together, the minister will make the appropriate declaration—fully informed when he does.

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