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Wednesday, 25 November 2009
Page: 8897


Senator WONG (Minister for Climate Change and Water) (7:47 PM) —The government has not done any additional specific modelling on these amendments. My advice is that the changes proposed do not alter the results of previous modelling, which has been released publicly, in relation to the likely, for example, CPI impact including electricity prices. There has been a minor change to anticipating the impact on CPI which was disclosed in the MYEFO, the Mid-Year Economic and Fiscal Outlook, which indicated because of an anticipated lower carbon price that there was a minor reduction in the impact of the scheme over the first two years from 1.2 per cent to 1.1 per cent.