Senate debates Questions on Notice
Minerals Resource Rent Tax Bill 2012 (Question No. 1929)
Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation
The Treasurer has provided the following answer to the honourable senator's question:
The employment growth in the mining sector is a function of investment and growth in the sector. As a profits-based tax, unlike royalties the Minerals Resource Rent Tax is not expected to impact on investment and production decisions of the industry.
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