Adam Bandt (Melbourne, Australian Greens) Share this | Hansard source

My question is to the Treasurer. Our minerals belong to all Australians, yet much of the profit disappears overseas and the mining boom places burdens on the rest of the economy, where most people live and work. My own state of Victoria must compete with the miners for labour and capital, pushing up costs and restraining infrastructure investment. Despite this, the mining sector gets a big leg up in your budget on top of their free kick on the mining tax. Where is the plan for those sectors of the economy that are doing it tough at the moment because of the mining boom? Where is the plan for a sovereign wealth fund that can secure our economy after the boom is over? And, why are the priorities of the new economy, like building a smart electricity grid for clean energy, being slashed while the mining giants get a corporate tax cut and more taxpayer funded support?

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