Senate debates
Tuesday, 30 October 2012
Distinguished Visitors
Mining
2:28 pm
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
First, on the departmental costs, I will see what I can do, but I indicate to you that, as you will probably recall from estimates questions, it would be unusual for a department to allocate costs specifically to a measure. We could give you information about how much is appropriated to the revenue group, for example, but it would be very unusual for a department to cost against a particular policy measure. We will see what we can do.
In relation to the second question, this is something that I seem to recall Senator Cormann asking at Senate estimates. Obviously any new measure does have compliance costs involved. There are a number of simplification methods available to mining companies to work out whether they have a liability, including the simplified method that allows them to work out they are not liable using normal accounting profit. (Time expired)
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