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Monday, 7 November 2011
Page: 8281


Senator BIRMINGHAM (South Australia) (11:27): Following on from that, the forward purchasing of permits by electricity generators and when they will first be available to those generators and when those first auctions will take place for the non-fixed price period, that will start in the 2013-14 financial year? I am seeing nodding from the advisers, so the minister will correct me if that is incorrect. Minister, are you able to inform the Senate in terms of the budget estimates that the government has undertak­en what the fiscal impact would be and what the reduction in revenue from the sale of permits would be were those revenues not to be collected in the 2013-14 financial year but instead to be collected in what I assume would be the 2015-16 financial year, being the vintage year for those permits?