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

Secondly—and I say this for the honourable member—it also projects ahead a 5.5 per cent increase in overall mining activity. It follows as a consequence that the overall impact of these reforms on the broad economy will lead to greater growth in general, and for the mining sector in particular and therefore for superannuation funds invested in those sectors into the future.

Furthermore, I draw the honourable member’s attention to the response just given by the Minister for Finance and Deregulation. The minister for finance in particular emphasised the recent performance of resource stocks as against non-resource stocks within this country and abroad. The member for Pearce, as she said, reflecting on the concerns of her constituents should have listened carefully to what the minister for finance said. He said that the changes over the last month in resource stocks have been less, by and large, than those in the financial services sector.

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