I dealt with this matter yesterday when asked about the minerals resource rent tax. I refer the Leader of the Opposition to my remarks yesterday. I refer him to the Mid-Year Economic and Fiscal Outlook, and he can have a look at the figures himself.

I also say to the Leader of the Opposition that behind all of the political skirmishing about the minerals resource rent tax that the Leader of the Opposition engaged in yesterday is a fundamental policy question that the Leader of the Opposition needs to answer. Does he believe that it is better for mining companies to be taxed at the height of their profitability or does he believe in a royalty system which hits mines in set-up, which hits mines when they are not profitable—