Michaelia Cash (WA, Liberal Party) Share this | Hansard source

Mr President, I ask a supplementary question. I again refer to the imposition of the great big new tax on Australia’s resources sector. Is the minister aware of the statement made today by the Premier of Western Australia, Colin Barnett, that:

WA will lose 25 per cent of potential mining and petroleum industry investment under the new super profits tax proposed by the Federal Government.

How can the Rudd government seriously claim that mining investment in Australia will continue to increase notwithstanding the imposition of a supertax?