Senate debates

Monday, 20 June 2011

Bills

Taxation of Alternative Fuels Legislation Amendment Bill 2011, Excise Tariff Amendment (Taxation of Alternative Fuels) Bill 2011, Customs Tariff Amendment (Taxation of Alternative Fuels) Bill 2011, Energy Grants (Cleaner Fuels) Scheme Amendment Bill 2011; In Committee

Photo of Bob BrownBob Brown (Tasmania, Australian Greens) Share this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 28 September 2010:

(1)   For the 3 year period up to 2020, using the price forecast used in standard treasury modelling, what revenue will be raised from the Minerals Resource Rent Tax, based on price assumptions for coal and iron ore as used in the Treasury modelling for the Carbon Pollution Reduction Scheme.

(2)   What is the estimated cost of the company tax reduction during that period.

(3)   Is there any risk that the additional net revenue from the Minerals Resource Rent Tax will fall short of the estimated reduction in revenues from company tax; if so, how great is that risk; if not, how safe is that assumption and why.

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