Senate debates

Monday, 12 September 2011

Questions without Notice

Future Fund

2:06 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The funds remain held by the Future Fund and their accounting treatment will depend on the type of assets that the Future Fund itself chooses to enter into or chooses to hold subsequent to the sale. So, frankly, the questioning here I think is predicated on an incorrect basis just as the opposition costings are. Let us remember Senator Cormann comes in here wanting to throw doubt on the government's budget figures. This is an opposition that has a $70 billion black hole confirmed by their shadow finance minister, Mr Robb, on Sunday.

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