Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, I ask a supplementary question. Given that the so-called compensation measures that the minister just talked about are to be funded from carbon tax revenue, what compensation measures will the Gillard Labor government have to scrub to keep the carbon tax package broadly budget neutral if the carbon price collapses to $15 a tonne in 2015, the lowest level allowed under the Labor-Greens scheme when it becomes an ETS? Given that the price in Europe is $8.70 now, that is obviously a question that I hope the minister has thought about.