Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

The premise of the question does go to whether there was a design flaw. We refute that. I am going through to explain, in fact, why it is refuted. It can take, as I said, months for higher spot prices to fully reflect the MRRT revenue, as trade can be conducted on a monthly or even quarterly basis. Resource rent taxes are by their very nature, as indicated, volatile, and— (Time expired)