Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to his speech on 4 May 2010 in which he said:

… the most significant ‘spend’ in the entire tax package is over $8 billion every year in State government royalties that will be refunded or credited to mining companies.

If the Treasurer is budgeting $9 billion a year from his tax and he is spending $8 billion every year, in his words, on refunds and credits, exactly how much in gross terms and at its peak is the Treasurer expecting to collect each year from his new mining tax?

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