Senate debates

Wednesday, 9 November 2011

Questions without Notice

Mining

2:09 pm

Photo of Chris EvansChris Evans (WA, Australian Labor Party, Leader of the Government in the Senate) Share this | Hansard source

I am aware of a report by a Western Australian accountancy firm claiming that Rio Tinto and BHP will not pay any minerals resource rent tax. It is a report commissioned by Mr Twiggy Forrest, Australia's richest man, who earlier claimed this tax was going to kill the industry, that it was economic vandalism and that he would be destroyed. Now apparently it is not going to have any impact at all.

Mr Forrest's company today admitted that despite having a market capitalisation—

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