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Wednesday, 13 February 2013
Page: 1188

Minerals Resource Rent Tax

Mr IRONS (Swan) (14:21): My question is to the Treasurer. It is without notice, so he will not know this question is coming.

The SPEAKER: Then maybe the colleagues of the member for Swan will allow him to be heard in silence so that I can hear the question.

Mr IRONS: I remind the Treasurer of his statement on 25 March 2011 in which he said:

Revenue from the MRRT does go to investment in infrastructure projects like the Gateway project in Western Australia... If we don't have the revenue from the tax then we can't make the investments.

Given that the mining tax has raised less than 10 per cent of that promised, how will the government pay for the Gateway project in my electorate of Swan in Western Australia?

Mr SWAN (LilleyDeputy Prime Minister and Treasurer) (14:21): Very simply because that project is already in the bottom line. The money is already being provided and the Gateway project is taking place. I know that those opposite are acutely embarrassed by the fact that the Gateway project is being built.

Mr Irons: Madam Speaker, I rise on a point of order on relevance. All I did was ask the Treasurer to show me the money.

The SPEAKER: The member for Swan is abusing the standing orders and he is warned.

Mr SWAN: We are funding and have in our budget bottom line all of the projects that we have made our commitments to. I know there is a lot of embarrassment on that side of the House. There is acute embarrassment on that side of the House. Up the back, we have a member from Perth who has attended the opening of a project that we are building in Perth—a project that he supports, a project that is figured into our budget bottom line and has been funded—and he is up saying he does not want it. If he does not want it, he should not have gone to the opening.

What we are seeing here is a taste of what is going to come. Those on the other side of the House might laugh like hyenas now, but the fact is that, when they are forced to put their costings out and when they are forced to account for at least a $70 billion crater in their budget bottom line, there are not going to be many smiles on the faces of those opposite, because we have already seen the leading edge of what they are going to do. They are going to get rid of the schoolkids bonus—gone. They are going to get rid of payments for superannuation and low-income workers—gone. They are going to get rid of the instant asset write-off—gone.

The SPEAKER: The Treasurer will return to the question before the chair.

Mr SWAN: As we go through those lists and the massive cuts to health and education, all of those on that side of the House will be exposed through their agenda.

Mr Hockey interjecting

The SPEAKER: The member for North Sydney cannot help himself and he cannot stay in the chamber. He will remove himself from the chamber under standing order 94(a).

The member for North Sydney then left the chamber.