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Tuesday, 22 November 2011
Page: 13439

Mr CROOK (O'Connor) (02:11): by leave—I move amendments (1), (3) and (4) as circulated in my name together:

(1) Clause 4, page 2 (line 9), omit "Extraction factor", substitute "(extraction factor + emerging miner factor)".

(3) Clause 4, page 2 (after line 10), before the definition of extraction factor, insert:

emerging miner factor is:

   (a)   where the group production of taxable resources for the miner for a year is less than 10 million tonnes—75%; or

   (b)   otherwise—nil.

(4) Clause 4, page 2 (after line 11), after the definition of extraction factor, insert:

group production of taxable resources has the meaning given by section 175-15 of the Minerals Resource Rent Tax Act 2011.

The intent of these amendments is the same as that of my amendments to the previous bill. In light of this, I do not propose to speak to these amendments. Members can take note of my comments in relation to the previous bill.

Question negatived.