House debates Questions without Notice

Minerals Resource Rent Tax

Monday, 27 May 2013 House of Representatives

Andrew Robb

Andrew Robb Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee

2:52 pm

My question is to the Treasurer. I refer the Treasurer to his comment to the National Press Club on the day after the budget: 'We brought a super profits tax in at precisely the time the super profits disappeared.' If so-called 'super profits' have disappeared, on what basis has the Treasurer decided to forecast that the mining tax revenue will increase over 1,000 per cent from $200 million this year to $2.2 billion in 2016-17?

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