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Monday, 7 November 2011
Page: 8392

Senator WONG (South AustraliaMinister for Finance and Deregulation) (18:02): Senator, probably the best way to answer this is to recognise that the macromodelling across the economy recognises the 0.7 per cent increase. It might be that there is some differential between different industries in terms of carbon price impact, and I can illustrate that by reference to dairy farms. The carbon price impact on dairy prices is projected to be 0.4 per cent, which reflects the low emissions intensity of dairy processing and the impact of the exclusion of agricultural emissions—