Lisa Singh (Tasmania, Australian Labor Party) Share this | Hansard source

As a result, the MRRT revenues were written down in the MYEFO due to the large unexpected drop in commodity prices. Senators opposite know this very well—or I at least hope that they are aware of this—and yet they continue to choose to play politics on this issue because it does not suit their headline-grabbing strategy. They know very well we had an unexpected drop in commodity prices which included a massive 38 per cent drop in the iron ore price between budget and early September. And so the MRRT revenues are down. But this is no different from the PRRT, and senators opposite should know that. It has now been around for some 25 years and is a volatile but important source—

Opposition senators interjecting—