Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Wong—and some notice was given of this question yesterday. Given the government has significantly downgraded its mining tax revenue estimate in MYEFO and revelations that in fact none of the three big miners who negotiated Labor's complex mining tax appear to have paid any MRRT so far, to what extent as a proportion of the overall fiscal impact is the lack of revenue from the mining tax so far due to (a) lower than expected commodity prices, (b) lower than expected production volumes, (c) a higher than expected Australian dollar, (d) state royalty credits claimed against any MRRT liability and (e) the depreciation of relevant capital costs using the market valuation method as per the Gillard government's special mining tax deal with the three biggest miners?