Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

I have indicated already on numerous occasions in this chamber—and I am only too happy to help Senator Williams yet again—that the government commissioned KPMG Econtech on 19 March to undertake independent modelling of the tax reform. As stated on previous occasions, KPMG’s modelling has indicated that the replacement of royalties with the super profits tax would increase resource investment by 4½ per cent, employment by seven per cent and output by 5½ per cent.