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Wednesday, 26 May 2010
Page: 4188

Mr BILLSON (2:37 PM) —My question is also to the Prime Minister. I refer the Prime Minister to the government’s decision not to adopt the Henry review recommendation to exempt dozens of quarry and mining products extracted by small and family business operations from its great big new tax on mining. Does the Prime Minister agree with the respected financial journalist Ross Greenwood and his assessment that the Rudd government’s great big new tax on mining will ‘hit quarries and other basic businesses that mine and make a profit’ and that:

… from building materials, to roads, farms and even the baby’s bum (talc) the Super Profits Tax is again snipping away at your cost of living.

Mr RUDD (Prime Minister) —I thank the member for Dunkley for his question. The government’s tax reform plan is clear. There is a consultation process underway. It will deal with detail, it will deal with implementation and it will deal with transition arrangements. We have said this from the beginning. We continue to engage in that consultation with all firms, and that process of consultation is working effectively, including in relation to the matters just raised by the member for Dunkley.