Senate debates

Tuesday, 20 November 2012

Questions without Notice

Mining

2:19 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I cannot speak for the Greens' costings—that is a matter for the Greens. I can speak to what the government has made clear in the most recent budget update, which is that we have revised down the MRRT revenue take for the reason I outlined yesterday, which is primarily that commodity prices have fallen more sharply than we had previously anticipated. The government has its position as to the design of the MRRT that reflects an agreement that the government has put in place. Obviously, the issue of royalties is being dealt with through the process which I have outlined. In terms of the Greens' policies, that is a matter really for the Greens and not for the government.

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