Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source

Thank you, I am familiar with the Premier's position, and in fact, as I walked here to question time, I think he was doing a press conference in the courtyard there. Obviously the Prime Minister engages with Premier Cook and the government of Western Australia regularly and has engaged, including going to WA on many occasions. I understand the proposition that is being put.

I would make this point: the innovative business CGT concession that is flagged and scoped in the consultation paper that I was discussing with Senator Hume and Senator Cash is subject to innovation criteria. The government is supporting exploration and mining in other ways, including through billions of dollars invested across special investment vehicles in Australian resources firms and project. Of course, you mentioned critical minerals. There is also an investment of $5 billion in the Critical Minerals Facility to grow critical minerals mines and processing, and there is the critical minerals production tax incentive, which is a 10 per cent tax offset.