George Brandis (Queensland, Liberal Party, Shadow Attorney-General) Share this | Hansard source

I have a supplementary question, Mr President. Is the minister aware that of the $126 million to be collected from the tax this year, $44 million will be offset by foregone company tax collections and approximately $50 million will be offset by administrative costs? How does the minister justify that his government's mining tax will this year collect less revenue than the severance payout by BHP Billiton to Mr Marius Kloppers, one of the people with whom Ms Gillard and Mr Swan so cleverly designed the tax?