Zed Seselja (ACT, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

As I indicated earlier, the appropriation of up to $2.04 billion is based on the worst-case scenario if both refineries were paid the highest amount over the entire period, which is obviously highly unlikely. So it is a worst-case scenario. For example, this would assume COVID-19-like economic conditions on an ongoing basis to 2030. Actual payments are expected to be less, as refinery margins have already improved from 2020.