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

The modelling to which I was referring in terms of the estimated increase of the carbon price is the Treasury modelling, which has been publicly released—as the senator well knows. I do not think that there is anything further there that I can add to it.

I would also say to him in response to his previous question that I am pleased he does acknowledge there was a global financial crisis. That appears to be something that Mr Hockey and Mr Robb have forgotten about, but Senator Sinodinos has enough intellectual self-respect not to follow the talking points when it comes to airbrushing the global financial crisis out of any economic discussion. But back to the issue: in terms of the carbon price, we have put in place assistance measures and we have put in place some tax breaks for small business. The reality, and the senator would know this, is that the highest cost to a business of a carbon policy is for the one that his leader is advocating.