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

The $5.5 billion is correct, and the medium term is budget year plus 10, so it is till 2026-27 from the 2016-17 financial year. There was one thing that I particularly wanted to answer. If we are pausing indexation for two years, indexation will then start again from 1 July 2019 onwards. But it will be starting from the new base which has not been indexed for two years. There will be indexation moving forwards, but we do not catch up on the indexation that has not happened for the two years during which the indexation has been paused, so indexation from 2019 onwards will be from a lower base than it otherwise would have been, which is why there is a follow-on effect that comes to $5.5 billion over an 11-year period.