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Monday, 7 November 2011
Page: 8304

Senator BIRMINGHAM (South Australia) (13:09): I have a very quick question for the minister before we bowl into the amendments. I want clarification from the minister or an extension to an answer that she gave me earlier today. The clarification relates to the issues we were exploring about the budget impact. I think in response to a question of Senator Cormann the minister made a statement regarding when the budget accounts for permits for a future vintage year that are purchased in advance. She said that they are accounted for in the year in which they are acquitted. I am assuming she is meaning the year in which the permit is acquitted, in the vintage year of the permit. Minister, could you clarify for me, so we are absolutely clear in terms of the fiscal impact and the underlying cash balance impact, where that money is treated within the budget tables.