House debates

Tuesday, 11 May 2010

Questions without Notice

Budget

2:12 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

As the Deputy Leader of the Opposition would be aware, the resources regime in this country deals with non-renewable resources which are taxed separately, and it has been done so for more than 100 years, either through (a) the royalties regimes of states (b) the petroleum resource rent tax or (c) proposed with this resource rent tax for onshore resources as well. That is why it is taxed separately, and I would have thought the Leader of the Opposition and the deputy would have known that.

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