Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

Thank you. It is the case also that Treasury estimates which were released indicate the way in which this tax would operate. It would in fact be lower for some companies—that is, those companies who are less profitable—than the current regime. It is also true that the Treasurer has outlined that we are consulting in relation to the implementation of this regime, including transitional arrangements. That has been made public. We will continue to do that sensibly.