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

I will tell you what it says about their priorities. They are quite happy to get rid of the MRRT, which is a tax on super profits and works as it should: when they go up, it taxes; when they go down, it does not. We just happen to have had in the second part of last year the biggest drop in commodity prices that we have seen in many, many years. But that does not mean to say that an MRRT or a PRRT is not an important tax to have in our system to make sure the Australian people get value from the minerals they own 100 per cent. Those opposite do not have that belief. They think these are owned by the companies themselves and the individuals. They are quite happy to give them a free go. We on this side of the House will always do the right thing by people on low and middle incomes and we will keep doing it.

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