House debates Questions without Notice

Budget

Tuesday, 11 May 2010 House of Representatives

Kevin Rudd

Kevin Rudd Griffith, Australian Labor Party, Prime Minister

2:12 pm

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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