Senator WONG (South Australia—Minister for Finance and Deregulation) (14:00): I thank Senator Cormann for the question. I might use the opportunity— An opposition senator: To answer the question. Senator WONG: I was going to let Senator Cormann know, because he made some comments publicly about this not being transparently disclosed in the budget papers, that this fact was disclosed in the budget papers, which I hope he would have had an opportunity to read in the six hours I assume he was in the lock-up. In fact, the Assistant Treasurer described this amendment to the CIS Act in his speech to the parliament on Tuesday. If you had done the work, Senator Cormann, you would have been aware of this as opposed to coming at it two days after the budget and leaping on it as if it was some sort of conspiracy in order to cover over your own incompetence in reading the budget papers. Senator Sherry: Or Mr Hockey's. Senator WONG: Yes, that is true. Senator Sherry points out that it is probably Mr Hockey's rather than Senator Cormann's. I would agree with that. Senator Conroy: Was Joe Hockey asleep at the wheel? Did he forget to mention it? Senator Sherry: We will take it easy on you, Matthias. The PRESIDENT: Order! Senator Wong, it is impossible for me to hear because of the interjections that are coming from your side. Senator WONG: I am not sure I can control Senator Conroy. Others have tried, I suspect. It is the case that as a result of the lower levels of revenue that the government has experienced due to the global financial crisis and the impact of the natural disasters the debt cap will need to be extended. (Time expired)