61938 (2024). Chlöe Swarbrick to the Minister of Finance

Written Question

Published date: 16 Oct 2024

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	61938 (2024)
Question asked:	23 Sep 2024
Member asking:	Chlöe Swarbrick
Portfolio:	Minister of Finance
Minister replying:	Hon Nicola Willis
Answer received:	13 Oct 2024
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_61938_2024
Document guid:	6cd5fd94-227d-4425-ba91-37804c58c43e

61938 (2024). Chlöe Swarbrick to the Minister of Finance: What is the approximate value, to the nearest $1m, of revenue lost, if any, as a result of the failure of two Emissions Trading Scheme auctions this year?

Hon Nicola Willis: ETS auctions, despite producing cash proceeds for the Crown, have no revenue impact. The foregone cash proceeds negatively impact net core Crown debt but have no direct impact on OBEGAL.