House debates

Tuesday, 1 November 2011

Questions without Notice

Mining

2:06 pm

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

My question is to the Treasurer. Australia is the world's second-biggest goldminer after China, and Treasury's original proposal for a super profits tax included gold. It is estimated that even the revised mining tax could raise an extra $1.8 billion if gold were included, which would be enough to fund impact assessments for coal seam gas on farmland, for example, as proposed by the member for New England. Treasurer, why should goldminers get a free ride and avoid a tax on their super profits?

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