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

My question is to the Minister representing the Treasurer, Senator Wong. I refer to revelations that under the mining tax deal negotiated exclusively and in secret between the Prime Minister and the three biggest mining companies, without any direct involvement of Treasury, those large global companies and FMG will not pay any mining tax for a number of years, whereas smaller Australian based mining companies would have to generate most of the MRRT revenue from day one. Does the government now concede that its mining tax gives multinational mining companies an unfair competitive advantage at the expense of smaller Australian miners and, if not, will the government now release all of its MRRT revenue assumptions for proper public scrutiny?