Eric Abetz (Tasmania, Liberal Party, Shadow Minister for Employment and Workplace Relations) Share this | Hansard source

Mr President, I ask a supplementary question. Given the minister’s answer, can he explain why a range of mining companies have already shelved plans to continue with exploration and certain projects? Three premiers, two of them Labor, have expressed concerns and a range of finance institutions have advised clients that Australia was now seen as a high sovereign risk destination to invest, with a significant risk of major capital flight out of Australia. Will the government back down on this great big tax grab, just as it did on its failed ETS tax grab?