Senate debates

Monday, 25 February 2013

Questions without Notice

Minerals Resource Rent Tax

2:20 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Minister for Broadband, Communications and the Digital Economy) Share this | Hansard source

As I have already stated clearly, the MRRT collections have been lower than Treasury forecasted, but anyone with an ounce of credibility can also see that commodity prices have taken a huge hit and that is flowing through to the MRRT collections. The MRRT, as I have said, is only six months old, and prices have varied and have been incredibly volatile. As I have also said, in answer to the earlier question, it takes months for higher spot prices— (Time expired)

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