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The Project -

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(generated from captions) And thanks for having me. I really

appreciate it. Carrie Bradshaw.

Thank you. (LAUGHTER)

Moving on now - long before it saw

the light of day, the Government's

mining tax had its troubles.

It pretty much killed Kev, and has

been 18 months in the making, but

today, the mining tax finally had

its day in parliament. I present

the minerals rent resource tax bill

2011... So, what will the mining

tax do? Well, made up of 11

different bills, if passed the,

Government's proposed mining tax

will deliver $11.1 billion in

revenue. That money will go to $2.7

million businesses receiving a

$6,500 instant asset write-off from

July next year. While all business,

big and small, will see a company

tax rate cut of 1%. Us 8.4 million

workers will also get a taste, with

an increase in super contributions

from 9% to 12%, which will add a

whopping $500 billion to

Australia's savings pool by 2035.

And the Government wants all of

this passed before Christmas. The

four problem is, to do so, they need

four crossbench votes to get the

legislation home. And as usual, the

Independents and Greens have a few

demands of their own, like Tony

Windsor's call to have coal-seam

gas extraction placed under more

scrutiny. We support Tony Windsor's

move for compulsory examinations of

the environmental consequences of

coal-seam gas mining. So how

reasonable are the demands of the

Independents, and can the

Government get the support it needs

to pass their troubled mining tax

so we can all share in the mining

boom?

One of those Independents is big,

bad, bustling Bob Katter. Bob, on

paper, the idea of taxing big

mining companies so that all

Aussies can receive a bit of assistance sounds like something

that would be right up your alley,

yeah? Yeah, I thought it was

originally, till I found out that

the big mining companies are not

being taxed, and the little

Australian companies are! That is

quite literally true. The way this

works, there were meetings held

with Rio and BHP and Xstrata, and

the big three cut their own deal,

which was great - they pay no tax!

And little Australian companies pay

the tax. Um... Real bad deal for

exactly those reasons. Bob, we've

got a list of your demands here.

They include exemptions for junior

miners, tax deductions for people

who permanently live in mining

towns, and re-investment back into

local communities. No, not junior

miners, no. For Australian miners.

For Australian. If you're 51%

Australian, you're exempted. I am

just sick and tired of being told

we've got treaties and we've got

this and that, and we have to play

the game. The only reason we have

to play the game is the slithering

Sydney suits want more money for

their share prices, so they want

overseas buyers in. If we say only

51% Australian-owned, get the exemption, then of course that

might scare some of the overseas

buyers, and they'll get less money.

We are here to make the farm more

productive for Australians, not to

sell the farm to overseas interests

and make no money for Australians.

Makes sense to me, Bob. You are a

stubborn man, and I respect that.

But are you able to be flexible at

all on this, Bob? Just a little bit

of wiggle room? I said today that

we don't want to kill the goose

that's laying the golden egg here.

I mean, we only have one goose at

the present moment that's laying

golden eggs - the mining industry.

I said, "We don't want to kill the

goose that lays the golden egg. We

want the bastard to breed up." I

didn't say a naughty word. I said

"busted"s - they're turkeys back

home. Bill Shorten got the call-up

to put it before parliament today.

Was he enjoying his time as top

dog? I think Bill would always

enjoy that. I mean, and I'm not

knocking him for saying that - I

think that it's probably good that

people enjoy the limelight a bit in

the parliament. Myself, I get a bit

bored by it and you don't seem sea

me in the limelight. You hate it,

Bob. You absolutely hate it. One

thing I have to ask, Bob - what

shampoo do you use? That is some

pristine snow on the roof! (LAUGHTER)

This is electric silver. (LAUGHTER)

It's electric silver. It's a sign

of - I can't tell you on the

national television what it's a

sign of. That's looking very good,

Bob. Great to chat to you again

tonight. (APPLAUSE)

You've got to love Bob Katter.

Wayne Swan will have to do a lot

talking to Bob over the next fou to

weeks to get this through. I don't

know if he's up to it. Listen to

his voice today. We're having a very constructive decision with

Tony Windsor today, and also with

the other independents in minor

parties. He's going to need to

learn some sign language, I reckon.