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Monday, 7 November 2011
Page: 8399

Senator WONG (South AustraliaMinister for Finance and Deregulation) (19:32): I think what underlies the question is an assumption that the assessment by Treasury about the likely CPI impact is wrong and would therefore fluctuate substantially. Bear in mind that two out of three will receive assistance at least equivalent to the average price impact. So the government has already built that buffer in to reflect the potential for some difference in the price impact from what would be assumed as a result of the Treasury modelling. This is analogous in many ways to the way the impact of the GST on prices was calculated.