Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

I thank Senator Cash for her question. I made the point yesterday that we are dealing with a group of economic knuckle draggers. Once again we have clear evidence of the simple failure of Senator Cash to understand the reality of how this scheme works. Mining activity is actually projected to increase, because the Resource Super Profits Tax is paid only after mines become profitable. The proposition she put to us is that this would undermine the mining industry. The Australian government will refund royalty payments to companies, which will be—