House debates
Monday, 21 November 2011
Bills
Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Second Reading
Cognate debate.
Debate resumed on the motion:
That this bill be now read a second time.
Peter Slipper (Fisher, Liberal Party) Share this | Link to this | Hansard source
I remind the House that, pursuant to the resolution agreed to by the House on 2 November 2011, this is a general debate covering this bill and the 10 related bills.
1:43 pm
Tony Smith (Casey, Liberal Party, Deputy Chairman , Coalition Policy Development Committee) Share this | Link to this | Hansard source
Let me in the minute or so available prior to statements by members begin my remarks on this package of bills that has been put forward by the government. I support the speakers on our side—the shadow Treasurer, in particular—who spoke on behalf of the opposition when we last met in describing this package of bills as a bad package of bills that will create a black hole not just for the mining industry but for the budget as well.
The story of these mining tax bills sums up the failure of this government on so many levels: the failure of their competence, their failure on substance, their failure to act responsibly in so many ways. Of course, this saga, as you well know, Deputy Speaker—this long and winding road—began about 18 months ago when the Treasurer released, finally, the Henry review into taxation. He had sat on that review for more than six months and then, just a few days before the budget, he decided—
Peter Slipper (Fisher, Liberal Party) Share this | Link to this | Hansard source
Order! It being 1.45 pm, the debate is interrupted in accordance with standing order 43. The debate may be resumed at a later hour and the honourable member for Casey will then have the opportunity to continue his remarks.