Senate debates
Thursday, 15 March 2012
Bills
Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Second Reading
8:21 pm
Nick Xenophon (SA, Independent) Share this | Hansard source
I will support with some reluctance the second reading of the Minerals Resource Rent Tax Bill 2011 and related bills, and in all likelihood I will support the third reading, although the passage of these bills is largely a foregone conclusion. I think it is important to set out the reasons for my reluctance, the concerns I have and the importance of monitoring the implementation of this tax.
Firstly, I reflect on Donald Horne's great book The Lucky Country. That is what Australia has been called ever since Donald Horne—
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