Scott Ryan (Victoria, Liberal Party, Shadow Parliamentary Secretary for Small Business and Fair Competition) Share this | Hansard source

It was a grab for cash—thank you, Senator Cormann—in order to plug a budget deficit and it actually exposed the Commonwealth to substantial liability. What the government will not admit either is what liabilities the government has now against future revenues of the MRRT because of the credit being given for payments for state royalties. This tax is a debacle. It symbolises the complete failure of this government to do the most basic economic tasks. (Time expired)