Senate debates

Monday, 25 February 2013

Questions without Notice

Minerals Resource Rent Tax

2:23 pm

Photo of Arthur SinodinosArthur Sinodinos (NSW, Liberal Party, Shadow Parliamentary Secretary Assisting the Leader of the Opposition) Share this | Hansard source

Mr President, I ask a supplementary question. I refer to a statement by Mr Rob Heferen, from Treasury's Revenue Group, in estimates, where he confirmed that there would be only three MRRT tax instalments in 2012-13. We have one remaining MRRT instalment due this financial year. The tax having raised only $126 million so far this year, how does the government expect to raise $2 billion in net terms, after deductions and allowances, from the only remaining instalment in 2012-13?

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