Ian Macfarlane (Groom, Liberal Party, Shadow Minister for Energy and Resources) Share this | Hansard source

My question is to the Treasurer. I remind the Treasurer of his statement on Friday that the mining tax failed to raise enough revenue because:

Iron ore prices fell … So a very dramatic drop in commodity prices reflected in a drop in revenue.

Is the Treasurer aware that iron ore spot prices have in fact increased by about $30 a tonne since his own budget outlook, an increase of almost 25 per cent?

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