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

I thank the senator for his question. What this tax does is provide for much more efficient administration of our resources sector, because it allows us to provide assistance to the sector for exploration. It provides for a new set of arrangements. There is a royalties rebate, which the states and territories have been pursuing. The tax also provides for a quite significant expansion of infrastructure projects within the resources sector. What our modelling has shown is that the tax actually leads to significant improvement.