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Thursday, 1 November 2012
Page: 8769

Senator CORMANN (Western Australia) (12:18): I move:


(a) there be laid on the table, no later than noon on 19 November 2012, by the Minister for Finance and Deregulation, costings for all measures linked to the Minerals Resource Rent Tax, on an underlying cash basis and a fiscal basis, over each of the forward estimates to 2015-16:

   (i) superannuation guarantee increase from 9 per cent to 12 per cent,

   (ii) low income government superannuation contribution ($500 tax rebate),

   (iii) higher superannuation caps for people aged 50 or more with a superannuation balance of less than $500 000,

   (iv) instant asset write-off for small business ($5 000 threshold),

   (v) phasing down interest withholding tax on financial institutions,

   (vi) Regional Infrastructure Fund,

   (vii) expanding the definition of exploration to include geothermal energy,

   (viii) supplementary income support for low income earners,

   (ix) increase in the rate of Family Tax Benefit Part A,

   (x) tax loss carry-back,

   (xi) Minerals Resource Rent Tax - adoption of recommendations of the Policy Transition Group,

   (xii) Accelerated Depreciation on Motor Vehicles ($5 000 upfront deduction),

   (xiii) resource exploration refundable tax offset, and

   (xiv) Minerals Resource Rent Tax - Exemption Threshold increase; and

(b) if any of the matters are not being proceeded with, a statement to that effect.

The PRESIDENT: The question is that the motion moved by Senator Cormann be agreed to.