Christine Milne (Tasmania, Australian Greens) Share this | Link to this | Hansard source

I seek leave to amend business of the Senate notice of motion No. 1 standing in my name proposing a reference to the Senate Economic References Committee on the development and operation of the Minerals Resource Rent Tax.

Leave granted.

Thank you. I move the motion as amended:

That the following matter be referred to the Economics References Committee for inquiry and report by 6 May 2013:

The development and operation of the Minerals Resource Rent Tax (MRRT) in regard to the recently released revenue figures showing a massive shortfall in the revenue compared to government projections, in particular:

(a) the design of the MRRT and the extent to which the design of the tax as opposed to other factors such as commodity prices are responsible for the mismatch between actual revenue and revenue projections;

(b) the process by which the MRRT was designed, including the extent of the involvement of the Department of the Treasury and mining corporations who would be paying the tax;

(c) the extent to which, if at all, the Government took into account the views of communities affected or potentially affected by iron ore and coal mining when designing the tax;

(d) implications for the budget;

(e) any other related matter.

Question agreed to.