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Thursday, 8 September 1983
Page: 641

Question No. 322

Mr Reeves asked the Minister representing the Minister for Resources and Energy , upon notice, on 23 August 1983:

Is a proposed resource rental tax to be applied from 1 July 1984; if so, will the Minister give details of the proposed tax.

Mr Barry Jones —The Minister for Resources and Energy has provided the following answer to the honourable member's question:

The Government has stated its firm intention to replace the existing crude oil levy with a resource rent tax in 1984-85. Details will be discussed with industry and the States. The Government has also stated a preference to have other high and existing taxes and charges replaced by a rent based tax. This is primarily a matter for the State governments. It was briefly discussed at the Australian Minerals and Energy Council meeting in June.