Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

I thank the senator for his question. I outlined some nine areas of major tax reform, either reduction or abolition, that flow as a consequence of the minerals resource rent tax. Of course, we know those opposite are very proud to boast that they oppose the minerals resource rent tax. As a consequence, the reduction or abolition of those nine taxes that I have outlined would not go ahead under a Liberal-Nationals government.

A further important area of benefit as a consequence of the resource rent tax is infrastructure investment. It is a key policy priority, long an area neglected by the Liberal-Nationals. We will be reinvesting in our regions through a $6 billion Regional Infrastructure Fund. This is an important part of the government’s Regional Development Australia Fund. So, if we took the Liberal-Nationals point of view and perspective, there would be no investment in infrastructure and no reduction in nine taxes. (Time expired)