Senate debates
Wednesday, 27 February 2013
Questions without Notice
Minerals Resource Rent Tax
2:32 pm
Christine Milne (Tasmania, Australian Greens) Share this | Hansard source
Mr President, I ask a supplementary question. I thank the minister for taking on notice whether or not the minister responsible for resources and energy was actually at a meeting that determined the tax. Can the minister confirm that, even when mining companies arrange their affairs to pay no tax, royalty credits can be stored by corporations to be used to offset the paying of tax in future years? If so, can the government tell the Australian people through the Senate how much this design flaw of the tax is costing Australia in lost revenue over the forward estimates?
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