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ABC News Breakfast -

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(generated from captions) shots around 10 o'clock last

nights. No-one has been injured. The Opposition

Leader, Tony Abbott, appeared

on the ABC's '7:30' program

last night in what was a testy

exchange with the presenter

Leigh Sales. Mr Abbott blamed

the delay of BHP Billiton's dam

project on the uncertainty

created by the mining tax and

carbon tax. However, Marius

Kloppers says the delay is due

to rise ing costs and weaker

commodity prices. Today, Marius

Kloppers didn't want to make a

very bad situation worse by

directly blaming the Federal

Government. Of course he didn't

want to directly blame the

Federal Government but for

months BHP has been send ing

signals to the Government this

build-up of tax, this build-up of

of high cost is making it much

more difficult for this

investment to go ahead. If

you're right then, why does it

say nowhere the BHP statement

that there's anything to do

with the Federal Government. They blame weakness in the

commerkts markets, the slow

down of growth and they haven't criticised the Government

today. Leigh, they didn't need

to say it today because they've

said it so often in the recent past. They listed everything

else that was to blame. You're

not seriously telling me,

Leigh, that the mining tax and

Australia an easier place to the carbon tax have made

invest in. I'm going on the

facts that Marius Kloppers said

today when he was asked if it

was affected on the carbon tax

and I am going on the statement

that they issued. Have you read

BHP's statements in No, but

I've also got again the

statement of Jac Nasser who

said while we're still eVal

waeting the impact of the

carbon tax but it just makes it

more difficult. But hang on,

no, you haven't read their

statement s today but you're

comment ing about what they've

announced and to how the

Federal Government is to blame

for that. Leigh, I didn't say

the carbon tax and the mining

tax were solely to blame. I

said that the carbon tax and

the mining tax have created an

environment where it's much

more difficult for investments

like this to go ahead. That's

Sales on '7:30' last Tony Abbott speaking to Leigh

Sales on '7:30' last night.

Joining us now from our

Parliament House studio is the

Thanks for your time. Good to Finance Minister, Penny Wong.

be with you. The Resources

Minister Martin Ferguson has

said the mining boom is over.

Do you agree? We still have a

lot of investment coming in to

trillion dollars in the this country, about half a

pipeline and more than half of

that at the advafnsed stage.

But the Government has always

said you to plan for beyond the boom as well as for the boom

which is why we made the

investments we've made into

schools, into our universities,

productive infrastructure like into our skills system and into

the National Broadband

Network. So is that a yes the

mining boom is over? No. I

think the mining boom still has

a long way to run. But what I would say is that the Government has always assumed

that the terms of trade would

step down over time, that's

what our Budget is predicated

on. Why did Martin Ferguson say

we have to understand that the

mining boom is over and we've

done well out of it? I think Mr

Ferguson was referring to when

the terms of strayed peaked and

that's factored into the

Government's Budget. But what I

do want to talk about and I

think is very important is the

excerpt of the interview you

played just before I came on,

because can I say this - this

is one of the most dis honest,

self-interested fear campaigns

that we have seen in Australian politics. Mr Abbott is saying

to Australians, 'Believe what I

say even if it can't true, but

ignore everything that the BHP

board and the BHP company have

put out as their advised to the

market and investors and

shareholders about the reason

they have delayed Olympic Dam.'

It is a disappointing decision.

I'm a South Australian, and I'm

disappointed by it as are all

Australians. But to have the alternative Prime Minister

putting forward baseless proposition, not even reading

the statement because he thinks

it's in his political interest

really demonstrating what is

sort of character we have

here. You mentioned that you're

from SA, the South Australian Premier Jay Weatherill clearly

very upset at this because, if

this expansion had gone ahead,

would have been a huge boon in

terms of the jobs create and

the money going into the state.

How difficult will this be for

SA? This is a disappointing decision for SA, it is. But

unlike Tony Abbott I am not one

that thinks this spell tenced

for SA. It's very disappointing

to see him talking down the

South Australian economy like

this. Remember, this Government

has made a lot of investments

in SA. We've almost more than doubled the infrastructure

spend per person in SA. We've

commit ed to assembling the

submarines there, something Joe

hockey is opposed to. We've put

money into General moators

Holden there, something Tony

Abbott is opposed to. Unlike

Tony Abbott, we're not

proposing a per capita GST

distribution, which would take

around $1 billion out of my

home State if Tony Abbott

really cares about the people

of SA those are the policies he

should be focusing on. What will this mean for the

Government's tax

revenues? We'll update our

Budget in the usual way at the

mid-year outlook. But I would say again this is a

disappointing decision but one

of the things that is pleasing

is that BHP in thaik public statement have made clear they

will look at other ways to

expand Olympic Dam. I hope that

they can find a way to make this investment work for them

and for the people of SA. But

we've also had in recent times

decisions from Woodside, Shell,

as well as BHP Billiton to

delay if not shelve some of

their projects. What impact

will that have on the

Government's bottom line? I

would say to you this - we will

update our figures in the usual

way. We did assume the terms of

trade, which includes obviously

reference to commodity prices.

We did assume those would step

down. We haven't assumed in our

Budget that the terms of trade,

that the prices Australia is

getting for the things we sell

to the world such as coal and

ievern ore, we didn't assume

they would stay at the levels

they were when we put the

Budget together, we assumed

they would track down. Some

analysts have suggested that

the prices you've predicated

those figure s on are still

inflated even though you've

reduced them somewhat . And we

would update our Budget in the

usual way. I think it's a

little early for everybody to

be talking doom and gloo

#2k3w4r5078. Remember we have a

interest rates that are falling

and over 800,000 jobs - jobs

created since this government

came into office. I know this

is a disappointing decision but

let's not - this doesn't signal

the sort of doom and gloom that

some people would like to think

it does. Penny Wong in

Canberra, we thank you for your