Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

In response to the question: both the adjusted, obviously downward, new revenue figures are contained in the explanatory memorandum. The reason the figure is significant in 2008-09 is that, if you look at page 17 of the Updated Economic and Fiscal Outlook, you will find that for this particular measure and the other measures figures under the subheading ‘Supporting jobs’ now deliver the overwhelming majority of the payments for this financial year, whereas the other category of expenditure, Building prosperity for the future, delivers most if not the overwhelming majority in 2009-10 and 2010-11. That is the reason the impact is more significant this financial year. I think I indicated earlier the change in terms of reduction as a total is approximately $435 million in this category of payment.