Senate debates

Thursday, 12 February 2009

Appropriation (Nation Building and Jobs) Bill (No. 1) 2008-2009; Appropriation (Nation Building and Jobs) Bill (No. 2) 2008-2009; Household Stimulus Package Bill 2009; Tax Bonus for Working Australians Bill 2009; Tax Bonus for Working Australians (Consequential Amendments) Bill 2009; Commonwealth Inscribed Stock Amendment Bill 2009

In Committee

2:32 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party) Share this | Hansard source

I know you are going to wind up this debate, but I want to get this in there before you do. I have just been looking at the financial costings of this package, where you have said that the financial impact of this amendment will be $370 million in 2008-09 and $65 million in 2009-10. This is how you are calculating your overall savings. In your first general outline of financial impact you talked about an all-up cost in 2008-09 of $8,150 million but your total cost in 2009-10 was $1 million. So how could we have a saving of $65 million when your initial costing was only $1 million?

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