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

To move:

That the Senate—

  (a)   notes that:

     (i)   the Government has so far failed to answer questions on notice and during Senate estimates about the long-term fiscal impact of the Budget measures related to the proposed introduction of the Minerals Resource Rent Tax (MRRT) and the expanded Petroleum Resource Rent Tax (PRRT), and

     (ii)   the Government has released under freedom of information Treasury modelling of the expected MRRT revenue between 2012-13 and 2020-21; and

  (b)   orders that there be laid on the table by noon on Wednesday, 22 June 2011, details of the fiscal impact for each financial year from 2011-12 to 2020-21 for each specific measure related to the imposition of the MRRT and expanded PRRT, including:

     (i)   the proposed increase in the Superannuation Guarantee levy from 9 per cent to 12 per cent,

     (ii)   the proposed Regional Infrastructure Fund,

     (iii)   the proposed reduction in the company tax rate,

     (iv)   the proposed new write-off measures for small business,

     (v)   the proposed standard income tax deduction, and

     (vi)   any other proposed Budget measures related to the MRRT/PRRT.