Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

I move:

That the Senate—

(a)

notes that:

(i)

the executive director of the Revenue Group in the Department of the Treasury (Mr David Parker) told the Select Committee on Fuel and Energy on 5 July 2010 that the department:

(a)

had assessed where the $10.5 billion estimated revenue from the revised mining tax was expected to come from ‘by commodity’, and

(b)

had not assessed where that revenue would come from on a state-by-state basis, but that ‘it would not be a difficult piece of analysis to do’,

(ii)

despite repeated requests since, the Government has refused to provide that information,

(iii)

this information is required to properly assess and scrutinise the impact of the proposed mining tax on the economy, jobs and on individual states and territories and individual sectors of the resources industry,

(iv)

furthermore, the Rudd and Gillard Governments made a commitment that funding from the mining tax related ‘infrastructure fund’ would be allocated to individual states and territories based on the level of mining tax revenue raised in those jurisdictions, and

(v)

as such, information about where the revenue is expected to come from on a state-by-state and territory basis is necessary to properly scrutinise whether, and ensure that, individual jurisdictions would receive a fair share of funding from that fund; and

(b)

orders that there be laid on the table by 5 pm on Thursday, 30 September 2010:

(i)

Government estimates of where the $12 billion in revenue from the Resource Super Profits Tax was expected to come from by commodity and by state and territory, and

(ii)

Government estimates of where the $10.5 billion in revenue from the Minerals Resource Rent Tax/expanded Petroleum Resource Rent Tax is expected to come from by commodity and by state and territory.

Notice of motion altered on 29 September 2010 pursuant to standing order 77.