Download Fragment

Wednesday, 31 October 2012
Page: 12818

Mr HOCKEY (North Sydney) (15:14): Madam Speaker, I wish to make a personal explanation.

The SPEAKER: Does the member for North Sydney claim to have been misrepresented?

Mr HOCKEY: Yes.

The SPEAKER: The member for North Sydney has the call.

Mr HOCKEY: During question time the Treasurer claimed that I made certain comments today about the refund of royalties by the Commonwealth government to the mining companies and that they were false. I refer the Treasurer to the heads of agreement which he, the Prime Minister and the Minister for Resources signed. It states:

All state and territory royalties will be creditable against the resources tax liability but not transferable or fundable. Any royalties paid and not claimed as a credit will be carried forward at the uplift rate of long-term bond rate plus seven per cent.

I seek leave to table the document that they signed, together with chapter 3 from the legislation, which talks about the—

The SPEAKER: Is leave granted?

Mr Albanese: No. I table the Fair Work Building and Construction Annual Report 2011-12. Full details of the document will be recorded in the Votes and Proceedings.