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

There were a number of propositions there. First, in relation to royalties, I know New South Wales was mentioned. I am not sure whether they have actually proceeded any further than the initial announcement telling people how those royalties that they are talking about will in fact be calculated. But the government will update its figures in the usual way in the mid-year review. We have disclosed the revenue forecast in the 2011-12 budget over the forward estimates of $11.1 billion. We will update that in the usual way.

The opposition may not like commentary on them, but I would make this point. The hypocrisy of coming in here and demanding more figures when they have $70-plus billion worth of cuts that they have yet to front up to the Australian people—