Senator CORMANN (Western Australia—Minister for Finance and Deputy Leader of the Government in the Senate) (14:50): I have, in fact, already answered that question. Senator Kim Carr: No, you didn't. Opposition senators interjecting— The PRESIDENT: Order! Senator CORMANN: For the avoidance of any doubt, of course, the Mid-Year Economic and Fiscal Outlook as a budget update, like every budget and budget update we have provided— The PRESIDENT: Pause the clock. Point of order, Senator Wong? Senator Wong: The question was, 'Will the costing of the innovation statement include second-round effects?' The PRESIDENT: In fairness to the minister, we need to give him a bit more time. He is only 15 seconds into his answer. Senator Wong? Senator Wong: There is no reference to MYEFO in the question. How can it possibly be relevant to this question? The PRESIDENT: I am going to give the minister a little bit more time to respond. Minister. Senator CORMANN: No wonder that Senator Wong was the worst finance minister in the history of the Commonwealth. No wonder that she was the worst finance minister— The PRESIDENT: Order! Minister! Senator CORMANN: in the history of the Commonwealth. The PRESIDENT: Minister! Senator CORMANN: She does not even know— The PRESIDENT: Order! Senator CORMANN: that an innovation statement would be reflected— The PRESIDENT: Senator Cormann! Senator CORMANN: in the Mid-Year Economic and Fiscal Outlook. The PRESIDENT: Senator Cormann. Senator Conroy: Dear, oh dear! Opposition senators interjecting — The PRESIDENT: Order on my left! Minister, I did give you the good grace of allowing you to respond, and I think you abused the good grace I gave you. But I will call you to order and to answer the question. Senator CORMANN: The question related to the Charter of Budget Honesty. The only way that question can be relevant is in the context of how the innovation statement, as any other policy measure of the government, is costed in the context of budgets and budget updates. It was directly relevant, and the fact that the good senator on the opposition side does not get this point, the fact that she made the point of order she made, shows how little she understands— Senator Wong interjecting— Senator CORMANN: I have already indicated that all of these policy measures— (Time expired)