Senate debates

Wednesday, 22 March 2017

Bills

Social Services Legislation Amendment Bill 2017; In Committee

11:27 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The calculation is relatively simple. There is an assumption that there will be a 1.5 per cent CPI next year and a 1.5 per cent CPI the following year. If you pause indexation, then, obviously, the number in aggregate is not going to increase by that 1.5 per cent indexation factor, and, fundamentally, that is what will help you identify the saving.

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