Senate debates
Wednesday, 13 May 2009
Excise Tariff Validation Bill 2009; Customs Tariff Validation Bill 2009
In Committee
10:45 am
Mathias Cormann (WA, Liberal Party, Shadow Parliamentary Secretary for Health Administration) Share this | Hansard source
I thought that, before making some comments at a later stage, I would also ask some specific questions. From recollection the government revised its revenue estimate in MYEFO, as a result of this measure, downwards from $3.1 billion to $1.6 billion. Has the government further revised its revenue estimate since then and, if so, by how much? In MYEFO the government’s estimates of sales of RTDs were that, from 1 July 2009 onwards, sales would increase by 7.8 per cent per annum. As I understand it, that was a core assumption at the basis of the revised revenue estimate. Does the government stand by the assumption that there will be an increase in sales of 7.8 per cent per annum from 1 July 2009 onwards or has it revised that estimate and, if so, how?
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