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
2:36 pm
Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source
I can now provide an explanation. The description of the measure on page 71 of the Updated Economic and Fiscal Outlook: February 2009, relating to the Australian Tax Office, showing figures of $8,150 million for 2008-09 and $1 million in 2009-10, is reported on an accruals basis—that is, the impact on the fiscal balance. The memo is stated to be in underlying cash terms, so there is a difference.
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