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Tuesday, 20 March 2012
Page: 3498

Mining


Ms RISHWORTH (Kingston) (14:48): My question is to the Assistant Treasurer and Minister Assisting for Deregulation. Will the Assistant Treasurer tell the House how getting the minerals resource rent tax done will spread the benefits of the mining boom to all Australian businesses and to working people? What would be the impact of not delivering these benefits?


Mr BRADBURY (LindsayAssistant Treasurer and Minister Assisting for Deregulation) (14:48): I thank the member for Kingston for her question. I know she is a very passionate advocate for all members of her local community and that, in particular, she is a passionate advocate for small business. She has 13,500 thriving small businesses in her electorate. That is why she is very pleased to have supported the government's legislation to introduce a mining tax to spread the benefits of the mining boom.

This government is determined to manage the economy in the interests of working people. That is why we have introduced a mining tax, which will ensure that the benefits of the mining boom can be spread to all corners of this country. As a result of this initiative and the support this government has provided both for working people and for small businesses, many millions of small businesses and many millions of working people will soon receive the benefits of the mining boom. Some 2.7 million small businesses will receive the benefit of the instant asset write-off, which will allow them to invest in the productive capacity of their businesses and make sure they can continue to employ people and generate wealth. This is what people in this place should be doing to support small business.

In addition to supporting small business, we have supported the millions of Australian workers who deserve an increase in their superannuation. By increasing the superannuation guarantee charge we can increase the superannuation savings and benefits that Australians retire on. We have also targeted some of these initiatives at low-income earners to ensure that they get the benefits of the mining boom.

Those on the other side have been determined to oppose these measures. They voted against these measures in the House and the Senate and they have foreshadowed that when the company tax cuts come forward they will vote against them as well. It is more than just a little ironic to see those on the other side prepared to come into this place and vote against the interests of small businesses. The member for Swan is prepared to come into this place and vote against the interests of the 19,200 small businesses in his electorate. The member for Cowan is prepared to come into this place and vote against the interests of the 16,400 small businesses in his electorate. I am asked about the impacts of not spreading the benefits of the mining boom—

Mr Hockey: On a point of order on relevance, Mr Speaker: the member wrote the question and now he is answering it, but he is still not being relevant.

The SPEAKER: I have always believed that dorothy dixers are regrettable. The Assistant Treasurer has the call and he will be directly relevant.

Mr BRADBURY: I am asked about the impact of not spreading the benefits of the boom. We know that we can deliver a mining tax to keep the resources sector strong and spread the benefits to all Australians. It was not that long ago that those on the other side said that this tax—

The SPEAKER: Order!

Mr BRADBURY: would kill the goose that lays the golden egg. There are millions of Australian businesses and workers and the only goose they have to worry about—

The SPEAKER: The Assistant Treasurer's time has expired and he will sit down as he no longer has the call. The Assistant Treasurer will be removed from the chamber if he defies the chair and continues to talk after his time has expired. That goes also for others.