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Monday, 7 November 2011
Page: 8383


Senator CORMANN (Western Australia) (17:24): This is a very important amendment because people who live across Australia should be given an opportunity to have a say given the significant economic costs that the government wants to impose on the Australian economy. In that context, and given some of the statements that the minister has made during this debate and during question time today, I would like the minister to advise the chamber whether she stands by the government's own modelling of the impact of the carbon tax on the Australian economy—that by 2050 it will lead to a GDP which will be $100 billion lower, which will lead to real wages being nearly six per cent lower by 2050, which, of course, will lead to CO2 emissions being 43 million tonnes higher than they currently are. Do the minister and government stand by those findings of the government's own Treasury modelling?