Mathias Cormann (WA, Liberal Party, Shadow Minister for Employment Participation, Apprenticeships and Training) Share this | Hansard source

My question is to the Minister representing the Minister for Resources and Energy, Senator Wong. Does the government stand by the Prime Minister’s statement at the Melbourne Press Club on 6 May 2010 that:

… if companies aren’t earning super profits, they don’t pay the tax. In fact, the new regime can actually help more marginal mining ventures because state royalties will be refunded, meaning that emerging mining companies may actually get a cash flow gain …