House debates

Tuesday, 11 May 2010

Matters of Public Importance

Taxation

4:37 pm

Photo of Steve IronsSteve Irons (Swan, Liberal Party) Share this | Hansard source

It is good to be able to follow the member for Groom and the member for Hinkler. But I fear for the member for Brand because he talks about fundraising. I have seen the fundraising letters that go out from the member for Brand. We have seen those go out asking for donations of up to $10,000 because they do not have to be declared. So do not let the member for Brand bring on the fundraising stuff. I fear for him because I know how many fly-in fly-out residents he has in the electorate of Brand. You have a lot, and they are hopping mad.

Make no mistake: the resources supertax is already impacting negatively on the lives and the futures of all Australians, and in particular Western Australians. It is real. We heard last week that Western Australian iron ore miner Cape Lambert Resources will pull out of exploration projects in WA and move to Africa. I fear there will be more to follow. What we should ask is: who is next? This government or this Prime Minister decided that any profit above six per cent is a superprofit. How can someone who has been in business—and I know the member for Brand has been in business—arbitrarily say that above six per cent is a superprofit? How can you he that?

Comments

No comments