Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

I know the fact that we are consulting might be uncomfortable for those opposite, who are really anxious to get into a scare campaign, but we have made it clear that we will consult on the implementation details of this tax. We also believe that it is more efficient to tax profits than to continue the current arrangements, which essentially apply taxation on the basis of volume.