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Monday, 7 November 2011
Page: 8277


Senator WONG (South AustraliaMinister for Finance and Deregulation) (11:08): Directly in response: obviously the government will continue to monitor the operation of the scheme upon commencement—

Senator Xenophon: I said 'modelling'.

Senator WONG: Senator, I am not going to commit here to a whole new round of Treasury modelling, if that is what you are asking for. Certainly, there are reviews built into the act—

Senator Williams: We've tried; you won't get it!

Senator WONG: These are very large modelling exercises. The first one was the largest modelling exercise the government has ever undertaken. Let's understand that. The government will continue to monitor the scheme. If that monitoring showed that modelling was required then that is obviously something we would take advice on, but for the reasons I have outlined we think the policy framework we have put in place is a sensible one.