Senate debates

Wednesday, 9 November 2011

Questions without Notice

Mining

2:38 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I assume that the shadow minister is referring to some of the reporting about MRRT revenue, which, if he had read subsequent articles, the Treasury has refuted very clearly the assessment made. I would make the point that the opposition on the minerals tax is really in all sorts of difficulty. Their shadow minister, Mr Macfarlane, has described the money being made in the mining sector as 'extraordinary'. He has described the profits made by mining companies as 'extraordinary'. Yet Mr Abbott's position is that—and I think I am quoting—'Mining companies pay more than their fair share of tax.'

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