House debates

Thursday, 1 November 2012

Questions without Notice

Mining

2:24 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

That is what the legislation says: it is a deductable allowance. And no amount of moving all the words around by the shadow Treasurer can move away from that. It is a deductable allowance.

I want to finish on this final point. When we announced the resource rent tax, all of those opposite went down on bended knee. They went out to the millionaires and billionaires in the mining industry and the vested interests and said—

Mr Simpkins interjecting

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