Cormann, Sen Mathias

Senator CORMANN (Western Australia—Minister for Finance) (14:32): The ultimate net budget impact will depend on what the production volumes will be. Obviously, we worked on the basis of projected estimates in terms of what production volumes are likely to be. The numbers of this equation are that the total potential saving was about $900 million and, as a result of an estimates variation, it is expected that about $795 million of that $900 million will be achieved as a result of decisions taken by car manufacturers independently of the government, and as a result of the declining production volumes. Those are the numbers.